Equifax Inc. (EFX) 10-Year Financial Performance & Capital Metrics

EFX • • Industrial / General

IndustrialsConsulting ServicesData & Analytics ServicesCredit & Risk Information

AboutEquifax Inc. provides information solutions and human resources business process automation outsourcing services for businesses, governments, and consumers. The company operates through three segments: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment offers employment, income, criminal history, and social security number verification services, as well as payroll-based transaction, employment tax management, and identity theft protection products. The USIS segment provides consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage services; financial marketing services; identity management services; credit monitoring products; and online information, decisioning technology solutions, as well as portfolio management, mortgage reporting, and consumer credit information services. The International segment offers information service products, which include consumer and commercial services, such as credit and financial information, and credit scoring and modeling; and credit and other marketing products and services, as well as offers information, technology, and other services to support debt collections and recovery management. The company serves customers in financial services, mortgage, employers, consumer, commercial, telecommunication, retail, automotive, utility, brokerage, healthcare, and insurance industries, as well as state, federal, and local governments. It operates in the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Chile, Costa Rica, Ecuador, El Salvador, Honduras, Mexico, Paraguay, Peru, Uruguay, Brazil, the Republic of Ireland, Russia, Cambodia, Malaysia, Singapore, and the United Arab Emirates. The company was founded in 1899 and is headquartered in Atlanta, Georgia.Show more

Revenue $5.68B +7.9%
EBITDA $1.72B +10.9%
Net Income $604M +10.8%
EPS (Diluted) 4.84 +10.0%
Gross Margin 55.67%
EBITDA Margin 30.32% +2.8%
Operating Margin 18.34% +3.5%
Net Margin 10.63% +2.7%
ROE 12.58% -0.1%
ROIC 7.84% +10.0%
Debt/Equity 1.02 -16.4%
Interest Coverage 4.55 +17.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 10.1%
✓Healthy 5Y average net margin of 12.5%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.83%

5Y10.12%

3Y4.88%

TTM6.35%

Profit (Net Income) CAGR

10Y5.1%

5Y-

3Y-6.72%

TTM17.08%

EPS CAGR

10Y5%

5Y-

3Y-7.01%

TTM17.11%

ROCE

10Y Avg10.86%

5Y Avg11.11%

3Y Avg10.43%

Latest10.31%

Peer Comparison

Credit & Risk Information

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TRUTransUnion	16.56B	85.26	58.80	9.2%	9.47%	9.18%	3.12%	1.21
EFXEquifax Inc.	26.83B	219.21	45.29	7.9%	11.08%	12.98%	3.03%	1.02

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.66B	3.14B	3.36B	3.41B	3.51B	4.13B	4.92B	5.12B	5.27B	5.68B
Revenue Growth %	0.09%	0.18%	0.07%	0.01%	0.03%	0.18%	0.19%	0.04%	0.03%	0.08%
Cost of Goods Sold+	887.4M	1.11B	1.21B	1.44B	1.52B	1.74B	1.98B	2.18B	2.34B	2.52B
COGS % of Revenue	0.33%	0.35%	0.36%	0.42%	0.43%	0.42%	0.4%	0.43%	0.44%	0.44%
Gross Profit+	1.78B	2.03B	2.15B	1.97B	1.99B	2.39B	2.94B	2.94B	2.93B	3.16B
Gross Margin %	0.67%	0.65%	0.64%	0.58%	0.57%	0.58%	0.6%	0.57%	0.56%	0.56%
Gross Profit Growth %	0.12%	0.14%	0.06%	-0.08%	0.01%	0.2%	0.23%	0%	-0.01%	0.08%
Operating Expenses+	1.08B	1.21B	1.32B	1.52B	2.32B	1.71B	1.8B	1.89B	2B	2.12B
OpEx % of Revenue	0.41%	0.38%	0.39%	0.45%	0.66%	0.42%	0.37%	0.37%	0.38%	0.37%
Selling, General & Admin	884.3M	941M	1.03B	1.21B	1.99B	1.32B	1.32B	1.33B	1.39B	1.47B
SG&A % of Revenue	0.33%	0.3%	0.31%	0.36%	0.57%	0.32%	0.27%	0.26%	0.26%	0.26%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	198M	265.4M	287.8M	310.4M	331.1M	391M	480.4M	560.1M	610.8M	654.5M
Operating Income+	693.9M	825.1M	831.7M	448M	-335.4M	676.6M	1.14B	1.06B	933.6M	1.04B
Operating Margin %	0.26%	0.26%	0.25%	0.13%	-0.1%	0.16%	0.23%	0.21%	0.18%	0.18%
Operating Income Growth %	0.09%	0.19%	0.01%	-0.46%	-1.75%	3.02%	0.68%	-0.07%	-0.12%	0.12%
EBITDA+	893.9M	1.09B	1.12B	763.9M	1.9M	1.08B	1.63B	1.62B	1.55B	1.72B
EBITDA Margin %	0.34%	0.35%	0.33%	0.22%	0%	0.26%	0.33%	0.32%	0.3%	0.3%
EBITDA Growth %	0.06%	0.22%	0.03%	-0.32%	-1%	565.26%	0.51%	-0%	-0.04%	0.11%
D&A (Non-Cash Add-back)	200M	268.7M	290.9M	315.9M	337.3M	399.3M	489.6M	568.6M	619.8M	680.6M
EBIT	700.4M	820.3M	839.4M	473.9M	-302.1M	826.8M	1.09B	1.11B	959.3M	1.04B
Net Interest Income+	-63.8M	-92.1M	-92.8M	-103.5M	-111.7M	-141.6M	-145.6M	-183M	-241.4M	-229.1M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	63.8M	92.1M	92.8M	103.5M	111.7M	141.6M	145.6M	183M	241.4M	229.1M
Other Income/Expense	-57.3M	-96.9M	-85.1M	-77.6M	-78.4M	8.6M	-188.8M	-126.3M	-215.7M	-231.6M
Pretax Income+	636.6M	728.2M	746.6M	370.4M	-413.8M	685.2M	949.2M	929.7M	717.9M	810.5M
Pretax Margin %	0.24%	0.23%	0.22%	0.11%	-0.12%	0.17%	0.19%	0.18%	0.14%	0.14%
Income Tax+	201.8M	233.1M	148.6M	53.4M	-35.7M	159M	200.7M	229.5M	166.2M	203.2M
Effective Tax Rate %	0.67%	0.67%	0.79%	0.84%	0.93%	0.76%	0.78%	0.75%	0.76%	0.75%
Net Income+	429.1M	488.8M	587.3M	310.5M	-384.1M	520.1M	744.2M	696.2M	545.3M	604.1M
Net Margin %	0.16%	0.16%	0.17%	0.09%	-0.11%	0.13%	0.15%	0.14%	0.1%	0.11%
Net Income Growth %	0.17%	0.14%	0.2%	-0.47%	-2.24%	2.35%	0.43%	-0.06%	-0.22%	0.11%
Net Income (Continuing)	434.8M	495.1M	598M	317M	-378.1M	526.2M	748.5M	700.2M	551.7M	607.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	39.5M	58.6M	64.6M	47.9M	44.3M	41.9M	16.8M	16.8M	153.4M	122.7M
EPS (Diluted)+	3.55	4.04	4.83	2.47	-3.25	4.24	6.02	5.65	4.40	4.84
EPS Growth %	0.2%	0.14%	0.2%	-0.49%	-2.32%	2.3%	0.42%	-0.06%	-0.22%	0.1%
EPS (Basic)	3.61	4.10	4.89	2.49	-3.25	4.28	6.11	5.69	4.44	4.88
Diluted Shares Outstanding	120.9M	121.1M	121.5M	121.4M	120.9M	122.8M	123.6M	123.3M	123.9M	124.9M
Basic Shares Outstanding	118.7M	119.3M	120.1M	120.4M	120.9M	121.5M	121.9M	122.4M	122.9M	123.8M
Dividend Payout Ratio	0.32%	0.32%	0.32%	0.61%	-	0.36%	0.26%	0.27%	0.35%	0.32%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	561.6M	672.9M	998.4M	902.3M	1.21B	2.48B	1.12B	1.37B	1.36B	1.36B
Cash & Short-Term Investments	93.3M	129.3M	336.4M	223.6M	401.3M	1.68B	224.7M	285.2M	216.8M	169.9M
Cash Only	93.3M	129.3M	336.4M	223.6M	401.3M	1.68B	224.7M	285.2M	216.8M	169.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	349.8M	433.3M	444.8M	469.1M	532.1M	630.6M	727.6M	857.7M	908.2M	957.6M
Days Sales Outstanding	47.93	50.29	48.29	50.18	55.37	55.76	53.94	61.12	62.96	61.52
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	79.2M	50.1M	122.9M	109.6M	187.9M	59M	60.2M	93.3M	88.8M	98.2M
Total Non-Current Assets+	3.95B	5.99B	6.24B	6.25B	6.7B	7.13B	9.92B	10.18B	10.92B	10.4B
Property, Plant & Equipment	366.8M	466.9M	567M	764.8M	947.6M	1.14B	1.32B	1.59B	1.83B	1.89B
Fixed Asset Turnover	7.26x	6.74x	5.93x	4.46x	3.70x	3.62x	3.74x	3.23x	2.87x	3.00x
Goodwill	2.57B	3.97B	4.18B	4.13B	4.31B	4.5B	6.26B	6.38B	6.83B	6.55B
Intangible Assets	922.6M	1.42B	1.34B	1.19B	1.14B	1.09B	1.99B	1.91B	1.95B	1.62B
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	79.5M	131.3M	142M	162.4M	304.2M	405.6M	353.1M	293.2M	306.2M	343.4M
Total Assets+	4.51B	6.66B	7.23B	7.15B	7.91B	9.61B	11.04B	11.55B	12.28B	11.76B
Asset Turnover	0.59x	0.47x	0.46x	0.48x	0.44x	0.43x	0.45x	0.44x	0.43x	0.48x
Asset Growth %	-0.04%	0.48%	0.09%	-0.01%	0.11%	0.22%	0.15%	0.05%	0.06%	-0.04%
Total Current Liabilities+	603.8M	1.26B	1.67B	826.8M	1.36B	2.48B	2.29B	2.02B	2.02B	1.81B
Accounts Payable	40.6M	81M	110.3M	175.7M	148.3M	159.1M	211.6M	250.8M	197.6M	138.2M
Days Payables Outstanding	16.7	26.55	33.25	44.52	35.57	33.42	38.99	42.05	30.89	20.03
Short-Term Debt	49.3M	585.4M	965.3M	4.9M	3.1M	1.1B	824.8M	967.2M	963.4M	687.7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	165.2M	174.4M	209.2M	204M	784.1M	612.5M	638.2M	296.6M	334.7M	403.2M
Current Ratio	0.93x	0.53x	0.60x	1.09x	0.89x	1.00x	0.49x	0.68x	0.67x	0.75x
Quick Ratio	0.93x	0.53x	0.60x	1.09x	0.89x	1.00x	0.49x	0.68x	0.67x	0.75x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.55B	2.68B	2.32B	3.17B	3.93B	3.92B	5.15B	5.56B	5.57B	5.03B
Long-Term Debt	1.14B	2.09B	1.74B	2.63B	3.38B	3.28B	4.47B	4.82B	4.75B	4.32B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	205.5M	325.4M	305.1M	316.2M	248M	332.3M	358.2M	460.3M	474.9M	351.6M
Other Non-Current Liabilities	203.4M	270.9M	276.8M	223.9M	299.5M	308.8M	320.1M	279M	350.8M	353.9M
Total Liabilities	2.16B	3.94B	3.99B	4B	5.29B	6.4B	7.44B	7.57B	7.59B	6.84B
Total Debt+	1.2B	2.67B	2.7B	2.64B	3.38B	4.38B	5.29B	5.79B	5.71B	5.01B
Net Debt	1.1B	2.54B	2.37B	2.41B	2.98B	2.69B	5.07B	5.5B	5.49B	4.84B
Debt / Equity	0.51x	0.98x	0.83x	0.84x	1.29x	1.36x	1.47x	1.46x	1.22x	1.02x
Debt / EBITDA	1.34x	2.44x	2.41x	3.45x	1780.32x	4.07x	3.25x	3.56x	3.68x	2.91x
Net Debt / EBITDA	1.23x	2.32x	2.11x	3.16x	1569.11x	2.50x	3.12x	3.39x	3.54x	2.81x
Interest Coverage	10.88x	8.96x	8.96x	4.33x	-3.00x	4.78x	7.82x	5.77x	3.87x	4.55x
Total Equity+	2.35B	2.72B	3.24B	3.16B	2.62B	3.21B	3.6B	3.97B	4.69B	4.92B
Equity Growth %	0.05%	0.16%	0.19%	-0.03%	-0.17%	0.22%	0.12%	0.1%	0.18%	0.05%
Book Value per Share	19.44	22.47	26.66	25.99	21.69	26.14	29.14	32.22	37.83	39.39
Total Shareholders' Equity	2.31B	2.66B	3.17B	3.11B	2.58B	3.17B	3.58B	3.96B	4.53B	4.8B
Common Stock	236.6M	236.6M	236.6M	236.6M	236.6M	236.6M	236.6M	236.6M	236.6M	236.6M
Retained Earnings	3.83B	4.15B	4.6B	4.72B	4.13B	4.19B	4.75B	5.26B	5.61B	6.02B
Treasury Stock	-2.53B	-2.51B	-2.58B	-2.57B	-2.56B	-2.55B	-2.64B	-2.65B	-2.64B	-2.64B
Accumulated OCI	-484.8M	-528.9M	-412M	-626.3M	-631.6M	-171.4M	-295.4M	-473.7M	-431.2M	-722.7M
Minority Interest	39.5M	58.6M	64.6M	47.9M	44.3M	41.9M	16.8M	16.8M	153.4M	122.7M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	742.1M	784.5M	816M	672.2M	313.8M	946.2M	1.33B	757.1M	1.12B	1.32B
Operating CF Margin %	0.28%	0.25%	0.24%	0.2%	0.09%	0.23%	0.27%	0.15%	0.21%	0.23%
Operating CF Growth %	0.2%	0.06%	0.04%	-0.18%	-0.53%	2.02%	0.41%	-0.43%	0.48%	0.19%
Net Income	434.8M	495.1M	598M	317M	-378.1M	526.2M	748.5M	700.2M	551.7M	607.3M
Depreciation & Amortization	200M	268.7M	290.9M	315.9M	337.3M	399.3M	489.6M	568.6M	619.8M	680.6M
Stock-Based Compensation	38.4M	37.1M	38.3M	42.5M	49.7M	54.7M	54.9M	62.6M	71.8M	81.6M
Deferred Taxes	-28.7M	-13M	-44.1M	1.3M	-82.7M	66.5M	9.3M	88.1M	-70.2M	-66.9M
Other Non-Cash Items	-15.2M	-35.9M	0	0	0	-149.5M	58.8M	-36.8M	-13.8M	0
Working Capital Changes	139.8M	71M	-67.1M	-4.5M	387.6M	49M	-26.3M	-625.6M	-42.5M	21.9M
Change in Receivables	-26.9M	-55.7M	-1.3M	-37.4M	-61.3M	-93.7M	-66.2M	-138.6M	-23.3M	-66.3M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	0	0	0	0	0	0	0	0	0	0
Cash from Investing+	-147.8M	-1.97B	-349.5M	-461.5M	-697.5M	-492.7M	-3.4B	-959.5M	-878.2M	-511.5M
Capital Expenditures	-146.2M	-167M	-218.2M	-321.9M	-399.6M	-421.3M	-469M	-624.5M	-601.3M	-511.5M
CapEx % of Revenue	0.05%	0.05%	0.06%	0.09%	0.11%	0.1%	0.1%	0.12%	0.11%	0.09%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	8.6M	5.6M	0	0	4.9M	0	0	0
Cash from Financing+	-639M	1.16B	-263.7M	-311M	557.9M	810.8M	617.7M	273.7M	-306.2M	-846.4M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-137.8M	-157.6M	-187.4M	-187.9M	-188.7M	-189.5M	-190M	-191.1M	-191.8M	-193.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	26.1M	20.2M	-29.1M	-58.4M	100K	2.7M	-42.7M	-26.7M	-36.8M	-26.8M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	595.9M	617.5M	597.8M	350.3M	-85.8M	524.9M	865.8M	132.6M	515.5M	813M
FCF Margin %	0.22%	0.2%	0.18%	0.1%	-0.02%	0.13%	0.18%	0.03%	0.1%	0.14%
FCF Growth %	0.12%	0.04%	-0.03%	-0.41%	-1.24%	7.12%	0.65%	-0.85%	2.89%	0.58%
FCF per Share	4.93	5.10	4.92	2.89	-0.71	4.27	7.00	1.08	4.16	6.51
FCF Conversion (FCF/Net Income)	1.73x	1.60x	1.39x	2.16x	-0.82x	1.82x	1.79x	1.09x	2.05x	2.19x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.72%	19.28%	19.71%	9.71%	-13.29%	17.83%	21.85%	18.38%	12.59%	12.58%
Return on Invested Capital (ROIC)	14.69%	14.2%	11.48%	6.01%	-4.5%	8.82%	11.71%	8.73%	7.12%	7.84%
Gross Margin	66.68%	64.6%	63.99%	57.79%	56.62%	57.91%	59.77%	57.49%	55.65%	55.67%
Net Margin	16.11%	15.54%	17.47%	9.1%	-10.95%	12.6%	15.11%	13.59%	10.36%	10.63%
Debt / Equity	0.51x	0.98x	0.83x	0.84x	1.29x	1.36x	1.47x	1.46x	1.22x	1.02x
Interest Coverage	10.88x	8.96x	8.96x	4.33x	-3.00x	4.78x	7.82x	5.77x	3.87x	4.55x
FCF Conversion	1.73x	1.60x	1.39x	2.16x	-0.82x	1.82x	1.79x	1.09x	2.05x	2.19x
Revenue Growth	9.33%	18.07%	6.91%	1.48%	2.8%	17.67%	19.3%	4.03%	2.79%	7.9%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Workforce	577.7M	702.2M	764.2M	826.8M	949.7M	1.44B	2.04B	2.33B	2.32B	2.43B
Workforce Growth	-	21.55%	8.83%	8.19%	14.86%	51.41%	41.55%	14.25%	-0.41%	5.10%
United States Consumer Information Solutions	1.17B	1.24B	1.26B	1.25B	1.28B	1.48B	1.79B	1.66B	1.72B	1.89B
United States Consumer Information Solutions Growth	-	5.57%	2.12%	-1.22%	2.41%	16.06%	20.52%	-7.22%	3.78%	10.03%
International	568.5M	803.6M	932.3M	966.2M	920.6M	862.1M	1.1B	1.14B	1.23B	1.35B
International Growth	-	41.35%	16.02%	3.64%	-4.72%	-6.35%	27.80%	3.39%	7.89%	10.20%
Global Consumer Solutions	-	-	-	-	359.9M	-	-	-	-	-
Global Consumer Solutions Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	2.04B	2.29B	2.38B	2.41B	2.54B	3.22B	3.82B	3.98B	4.04B	4.33B
UNITED STATES Growth	-	12.21%	3.88%	1.07%	5.74%	26.50%	18.81%	4.21%	1.33%	7.20%
AUSTRALIA	-	214.3M	304M	321.2M	289.9M	282.6M	336.9M	325.2M	317.6M	309.1M
AUSTRALIA Growth	-	-	41.86%	5.66%	-9.74%	-2.52%	19.21%	-3.47%	-2.34%	-2.68%
UNITED KINGDOM	224.1M	232.1M	311.2M	316.4M	-	285.2M	252M	265.5M	265.8M	302.8M
UNITED KINGDOM Growth	-	3.57%	34.08%	1.67%	-	-	-11.64%	5.36%	0.11%	13.92%
Other Countries	-	-	-	-	200.7M	-	-	-	-	-
Other Countries Growth	-	-	-	-	-	-	-	-	-	-
CANADA	-	134.3M	148.9M	-	-	-	-	-	-	-
CANADA Growth	-	-	10.87%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Equifax Inc. (EFX) has a price-to-earnings (P/E) ratio of 45.3x. This suggests investors expect higher future growth.

Growth & Financials

Equifax Inc. (EFX) reported $5.94B in revenue for fiscal year 2024. This represents a 214% increase from $1.89B in 2011.

Equifax Inc. (EFX) grew revenue by 7.9% over the past year. This is steady growth.

Yes, Equifax Inc. (EFX) is profitable, generating $658.6M in net income for fiscal year 2024 (10.6% net margin).

Dividend & Returns

Yes, Equifax Inc. (EFX) pays a dividend with a yield of 0.71%. This makes it attractive for income-focused investors.

Equifax Inc. (EFX) has a return on equity (ROE) of 12.6%. This is reasonable for most industries.

Equifax Inc. (EFX) generated $999.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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