Exponent
EXPO · Research & Consulting Services
$77.43
0.4%Verisk Analytics
VRSK · Research & Consulting Services
$195.88
3.7%The short version
- Verisk Analytics is the larger business, with $3.1B of revenue in fiscal 2025 against $582M for Exponent, about 5.3 times as much.
- Verisk Analytics grew revenue faster (6.6%, against 4.2%).
- Verisk Analytics kept more of each dollar of sales as operating profit (43.7% operating margin, against 20.6% operating margin).
- Verisk Analytics turned more of its sales into free cash flow (38.8% FCF margin, against 21.0% FCF margin).
- Exponent earned a higher return on the capital invested in it (52.2%, against 35.5%).
- Investors pay more for each dollar of Exponent’s earnings: a P/E of 34.7x against 29.8x for Verisk Analytics.
| Latest fiscal year | EXPO · FY25 | VRSK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.8B | $26.5B |
| Revenue | $582M | $3.1B |
| Free cash flow | $122M | $1.2B |
| Net income | $106M | $908M |
| Growth | ||
| Revenue growth | 4.2% | 6.6% |
| 5-year growth | 7.8% | 6.3% |
| Share count change | −0.6% | −1.9% |
| Profitability | ||
| Gross margin | — | 69.9% |
| Operating margin | 20.6% | 43.7% |
| Net margin | 18.2% | 29.6% |
| FCF margin | 21.0% | 38.8% |
| Return on capital | 52.2% | 35.5% |
| Return on equity | 26.1% | — |
| Balance sheet | ||
| Net debt | −$222M | $2.6B |
| Net debt / EBITDA | −1.7x | 1.6x |
| Dividends and buybacks | $158M | $875M |
| Valuation & quality | ||
| P/E | 34.7x | 29.8x |
| Piotroski F-score | 4 | 7 |
FY16
EXPO $315M
VRSK $2.0B
FY17
EXPO $348M
VRSK $2.1B
FY18
EXPO $380M
VRSK $2.4B
FY19
EXPO $417M
VRSK $2.6B
FY20
EXPO $400M
VRSK $2.3B
FY21
EXPO $466M
VRSK $2.5B
FY22
EXPO $513M
VRSK $2.5B
FY23
EXPO $537M
VRSK $2.7B
FY24
EXPO $559M
VRSK $2.9B
FY25
EXPO $582M
VRSK $3.1B
EXPO
VRSK
FY16
EXPO 19.7%
VRSK 38.5%
FY17
EXPO 20.7%
VRSK 37.4%
FY18
EXPO 24.1%
VRSK 34.8%
FY19
EXPO 20.4%
VRSK 26.7%
FY20
EXPO 20.8%
VRSK 42.1%
FY21
EXPO 23.4%
VRSK 37.0%
FY22
EXPO 27.4%
VRSK 56.3%
FY23
EXPO 20.7%
VRSK 42.2%
FY24
EXPO 21.4%
VRSK 43.5%
FY25
EXPO 20.6%
VRSK 43.7%
EXPO
VRSK
FY16
EXPO $52.6M
VRSK $421M
FY17
EXPO $63.1M
VRSK $560M
FY18
EXPO $74.9M
VRSK $703M
FY19
EXPO $85.0M
VRSK $740M
FY20
EXPO $98.3M
VRSK $821M
FY21
EXPO $118M
VRSK $887M
FY22
EXPO $81.8M
VRSK $784M
FY23
EXPO $111M
VRSK $831M
FY24
EXPO $138M
VRSK $920M
FY25
EXPO $122M
VRSK $1.2B
EXPO
VRSK
FY16
EXPO 44.6%
VRSK 13.2%
FY17
EXPO 37.5%
VRSK 15.3%
FY18
EXPO 71.5%
VRSK 14.6%
FY19
EXPO 60.1%
VRSK 11.1%
FY20
EXPO 59.7%
VRSK 13.9%
FY21
EXPO 73.5%
VRSK 11.9%
FY22
EXPO 78.2%
VRSK 20.2%
FY23
EXPO 50.1%
VRSK 20.3%
FY24
EXPO 53.4%
VRSK 33.0%
FY25
EXPO 52.2%
VRSK 35.5%
EXPO
VRSK
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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.