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Consumer and commercial credit bureau that also verifies income/employment data (The Work Number) for lenders.
Consumer and commercial credit bureau that also verifies income/employment data (The Work Number) for lenders.
Is paid per use: lenders pay for each credit report or score they request, and verifiers pay for each employment or income check against payroll data that employers supply to The Work Number. Mortgage lending volumes therefore move revenue noticeably. It was founded in Atlanta in 1899.
Moat: wide (scale, data, network effects). One of three national credit bureaus with a near-irreplaceable historical consumer-data archive.
Headquarters: Atlanta, Georgia, US · Founded: 1899 · Employees: 15,000
Size Equifax (EFX) is a United States Industrials company (Financial Publishing/Services) with a market value of $22.2B, the 467th largest of 3,117 United States companies the cockpit tracks. Shares closed at $189.59 on 6 Nov 2026.
Performance Over six months the shares gained 8.2%, against -11.3% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 10.9% over the last twelve months (peer median +10.0%); the operating margin is 18.8% (peer median 15.9%).
Valuation It trades at 20.9× forward earnings against a peer median of 22.7× (10th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.1 points below its cost of capital (10.1% WACC).
Backlog Backlog (remaining performance obligations) was $136M at 30 Sep 2026, up 62% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Credit Equifax has 9 bonds outstanding ($5.08B), rated BBB by the agencies and trading like BBB at a weighted spread of 84 bp.
Short interest Short interest is 4.8% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.59B | $6.07B | $5.68B | $5.27B | $5.12B |
| Revenue growth | — | +7% | +8% | +3% | — |
| Gross profit | $2.89B | $2.71B | $2.49B | $2.32B | $2.38B |
| EBITDA | $2.00B | $1.86B | $1.76B | $1.58B | $1.64B |
| Net income | $743M | $660M | $604M | $545M | $696M |
| Free cash flow | $1.10B | $1.13B | $813M | $516M | $133M |
| Capital expenditure | $509M | $481M | $512M | $601M | $624M |
| Total debt | $5.21B | $5.09B | $5.01B | $5.71B | $5.79B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Equifax EFX | $22.2B | +8% | +11% | 19% | 20.9× | 16.9% |
| TransUnion TRU | $15.5B | +13% | +13% | 15% | 15.9× | 20.3% |
| Experian EXPN.L | $36.1B | +16% | +7% | 25% | 20.5× | 14.6% |
| Fair Isaac FICO | $15.2B | -37% | +24% | 52% | 15.7× | 7.3% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EFX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +30.3% | +3.8% | highest of 21 |
| 6-month return | +8.2% | -11.3% | 7th highest of 20 |
| Distance from 52-week high | -16.6% | -23.8% | 7th highest of 21 |
| Revenue growth (TTM) | +10.9% | +10.0% | 10th highest of 21 |
| Operating margin | 18.8% | 15.9% | 7th highest of 21 |
| Forward P/E | 20.9× | 22.7× | 10th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 16.9% | 12.1% | 6th most demanding of 16 |
| Growth delivered (Del g) | +8.0% | +6.5% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | +8.9 pp | +4.5 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | -0.1 pp | +3.7 pp | 6th lowest of 20 |
| EV / EBITDA | 13.7× | 16.7× | 6th cheapest of 19 |
| Net debt / EBITDA | 2.5× | 1.5× | 7th most indebted of 21 |
| Bond spread | 84 bp | 99 bp | 5th tightest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Equifax EFX | United States | $22.2B | +8% | +11% | 19% | 20.9× | 16.9% | +8.0% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| Southwest Airlines LUV | United States | $21.8B | +8% | +14% | 5% | 13.7× | n/a | n/a |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| Broadridge Financial Solutions BR | United States | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% | +7.8% |
| Arxis ARXS | United States | $21.5B | +42% | +114% | 20% | 54.2× | 58.8% | n/a |
| XPO XPO | United States | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% | -4.4% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 10% | 21.1× | 8.9% | +2.9% |
| J.B. Hunt JBHT | United States | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% | +4.5% |
| GFL Environmental GFL | United States | $20.2B | +26% | +5% | 5% | 58.8× | 42.5% | +7.9% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 1% | 36.5× | n/a | n/a |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| Verisk Analytics VRSK | United States | $26.6B | +19% | +5% | 45% | 24.3× | 5.0% | +2.0% |
| Emcor EME | United States | $26.6B | -34% | +22% | 10% | 15.5× | 6.2% | +14.1% |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Dover DOV | United States | $27.1B | -7% | +8% | 18% | 17.6× | 12.2% | +3.9% |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
Equifax has 9 bonds outstanding with $5.08B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.37%, a spread of 84 bp over government bonds.
Equifax reported $136M of remaining performance obligations at 30 Sep 2026, up 62% from a year earlier and up 80% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.