Equifax
EFX Β· Research & Consulting Services
$182.36
2.6%Thomson Reuters
TRI Β· Research & Consulting Services
$123.17
οΏ½οΏ½The short version
- Thomson Reuters is the larger business, with $7.5B of revenue in fiscal 2025 against $6.1B for Equifax.
- Equifax grew revenue faster (6.9%, against 3.0%).
- Thomson Reuters kept more of each dollar of sales as operating profit (28.5% operating margin, against 18.0% operating margin).
- Thomson Reuters turned more of its sales into free cash flow (27.0% FCF margin, against 18.7% FCF margin).
- Thomson Reuters earned a higher return on the capital invested in it (11.8%, against 8.5%).
| Latest fiscal year | EFX Β· FY25 | TRI Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.5B | $55.4B |
| Revenue | $6.1B | $7.5B |
| Free cash flow | $1.1B | $2.0B |
| Net income | $660M | $1.5B |
| Growth | ||
| Revenue growth | 6.9% | 3.0% |
| 5-year growth | 8.0% | 4.6% |
| Share count change | β0.6% | β0.4% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 18.0% | 28.5% |
| Net margin | 10.9% | 20.1% |
| FCF margin | 18.7% | 27.0% |
| Return on capital | 8.5% | 11.8% |
| Return on equity | 14.1% | 12.6% |
| Balance sheet | ||
| Net debt | $4.9B | $2.4B |
| Net debt / EBITDA | 2.7x | 1.1x |
| Dividends and buybacks | $1.2B | $1.0B |
| Valuation & quality | ||
| P/E | 29.5x | β |
| Piotroski F-score | 6 | 6 |
FY16
EFX $3.1B
TRI $11.2B
FY17
EFX $3.4B
TRI $5.3B
FY18
EFX $3.4B
TRI $5.5B
FY19
EFX $3.5B
TRI $5.9B
FY20
EFX $4.1B
TRI $6.0B
FY21
EFX $4.9B
TRI $6.3B
FY22
EFX $5.1B
TRI $6.6B
FY23
EFX $5.3B
TRI $6.8B
FY24
EFX $5.7B
TRI $7.3B
FY25
EFX $6.1B
TRI $7.5B
EFX
TRI
FY16
EFX 26.2%
TRI 12.5%
FY17
EFX 24.7%
TRI 19.5%
FY18
EFX 13.1%
TRI 14.2%
FY19
EFX β9.6%
TRI 20.3%
FY20
EFX 16.4%
TRI 32.2%
FY21
EFX 23.1%
TRI 19.6%
FY22
EFX 20.6%
TRI 27.7%
FY23
EFX 17.7%
TRI 34.3%
FY24
EFX 18.3%
TRI 29.1%
FY25
EFX 18.0%
TRI 28.5%
EFX
TRI
FY16
EFX $650M
TRI β
FY17
EFX $598M
TRI $1.5B
FY18
EFX $350M
TRI $1.5B
FY19
EFX β$85.8M
TRI $197M
FY20
EFX $525M
TRI $1.2B
FY21
EFX $866M
TRI $1.3B
FY22
EFX $133M
TRI $1.3B
FY23
EFX $516M
TRI $1.8B
FY24
EFX $813M
TRI $1.9B
FY25
EFX $1.1B
TRI $2.0B
EFX
TRI
FY16
EFX 12.9%
TRI β
FY17
EFX 12.2%
TRI 5.1%
FY18
EFX 6.8%
TRI 4.9%
FY19
EFX β4.7%
TRI 10.8%
FY20
EFX 9.0%
TRI β
FY21
EFX 12.3%
TRI β
FY22
EFX 8.7%
TRI 9.0%
FY23
EFX 7.3%
TRI 13.2%
FY24
EFX 7.9%
TRI 15.5%
FY25
EFX 8.5%
TRI 11.8%
EFX
TRI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.