Exponent
EXPO · Research & Consulting Services
$77.43
0.4%TransUnion
TRU · Research & Consulting Services
$81.48
2.4%The short version
- TransUnion is the larger business, with $4.6B of revenue in fiscal 2025 against $582M for Exponent, about 7.9 times as much.
- TransUnion grew revenue faster (9.4%, against 4.2%).
- Exponent kept more of each dollar of sales as operating profit (20.6% operating margin, against 18.7% operating margin).
- Exponent turned more of its sales into free cash flow (21.0% FCF margin, against 14.5% FCF margin).
- Exponent earned a higher return on the capital invested in it (52.2%, against 7.1%).
- Investors pay more for each dollar of Exponent’s earnings: a P/E of 34.7x against 22.6x for TransUnion.
| Latest fiscal year | EXPO · FY25 | TRU · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.8B | $15.8B |
| Revenue | $582M | $4.6B |
| Free cash flow | $122M | $662M |
| Net income | $106M | $455M |
| Growth | ||
| Revenue growth | 4.2% | 9.4% |
| 5-year growth | 7.8% | 12.6% |
| Share count change | −0.6% | −0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 20.6% | 18.7% |
| Net margin | 18.2% | 10.0% |
| FCF margin | 21.0% | 14.5% |
| Return on capital | 52.2% | 7.1% |
| Return on equity | 26.1% | 10.5% |
| Balance sheet | ||
| Net debt | −$222M | $4.2B |
| Net debt / EBITDA | −1.7x | 3.0x |
| Dividends and buybacks | $158M | $393M |
| Valuation & quality | ||
| P/E | 34.7x | 22.6x |
| Piotroski F-score | 4 | 8 |
FY16
EXPO $315M
TRU $1.7B
FY17
EXPO $348M
TRU $1.9B
FY18
EXPO $380M
TRU $2.3B
FY19
EXPO $417M
TRU $2.5B
FY20
EXPO $400M
TRU $2.5B
FY21
EXPO $466M
TRU $3.0B
FY22
EXPO $513M
TRU $3.7B
FY23
EXPO $537M
TRU $3.8B
FY24
EXPO $559M
TRU $4.2B
FY25
EXPO $582M
TRU $4.6B
EXPO
TRU
FY16
EXPO 19.7%
TRU 17.6%
FY17
EXPO 20.7%
TRU 24.0%
FY18
EXPO 24.1%
TRU 22.1%
FY19
EXPO 20.4%
TRU 22.0%
FY20
EXPO 20.8%
TRU 19.8%
FY21
EXPO 23.4%
TRU 22.0%
FY22
EXPO 27.4%
TRU 16.9%
FY23
EXPO 20.7%
TRU 3.4%
FY24
EXPO 21.4%
TRU 15.9%
FY25
EXPO 20.6%
TRU 18.7%
EXPO
TRU
FY16
EXPO $52.6M
TRU $266M
FY17
EXPO $63.1M
TRU $331M
FY18
EXPO $74.9M
TRU $376M
FY19
EXPO $85.0M
TRU $589M
FY20
EXPO $98.3M
TRU $582M
FY21
EXPO $118M
TRU $584M
FY22
EXPO $81.8M
TRU −$1.0M
FY23
EXPO $111M
TRU $335M
FY24
EXPO $138M
TRU $517M
FY25
EXPO $122M
TRU $662M
EXPO
TRU
FY16
EXPO 44.6%
TRU 5.4%
FY17
EXPO 37.5%
TRU 11.9%
FY18
EXPO 71.5%
TRU 8.6%
FY19
EXPO 60.1%
TRU 7.6%
FY20
EXPO 59.7%
TRU 6.9%
FY21
EXPO 73.5%
TRU 6.8%
FY22
EXPO 78.2%
TRU 4.8%
FY23
EXPO 50.1%
TRU 1.1%
FY24
EXPO 53.4%
TRU 5.7%
FY25
EXPO 52.2%
TRU 7.1%
EXPO
TRU
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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.