Booz Allen Hamilton vs Equifax
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The short version
- Booz Allen Hamilton is the larger business, with $11.2B of revenue in fiscal 2026 against $6.1B for Equifax, about 1.8 times as much.
- Equifax grew revenue faster (6.9%, against −6.4%).
- Equifax kept more of each dollar of sales as operating profit (18.0% operating margin, against 9.2%).
- Equifax turned more of its sales into free cash flow (18.7% FCF margin, against 8.5%).
- Booz Allen Hamilton earned a higher return on the capital invested in it (24.2%, against 8.5%).
- Investors pay more for each dollar of Equifax’s earnings: a P/E of 29.5x against 12.2x for Booz Allen Hamilton.
| Latest fiscal year | BAH · FY26 | EFX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $9.4B | $21.5B |
| Revenue | $11.2B | $6.1B |
| Free cash flow | $951M | $1.1B |
| Net income | $851M | $660M |
| Growth | ||
| Revenue growth | −6.4% | 6.9% |
| 5-year growth | 7.4% | 8.0% |
| Share count change | −4.6% | −0.6% |
| Profitability | ||
| Gross margin | 52.7% | — |
| Operating margin | 9.2% | 18.0% |
| Net margin | 7.6% | 10.9% |
| FCF margin | 8.5% | 18.7% |
| Return on capital | 24.2% | 8.5% |
| Return on equity | 80.7% | 14.1% |
| Balance sheet | ||
| Net debt | $3.2B | $4.9B |
| Net debt / EBITDA | 2.7x | 2.7x |
| Dividends and buybacks | $874M | $1.2B |
| Valuation & quality | ||
| P/E | 12.2x | 29.5x |
| Piotroski F-score | 5 | 6 |
Revenue
FY17
BAH $5.8B
EFX $3.4B
FY18
BAH $6.2B
EFX $3.4B
FY19
BAH $6.7B
EFX $3.5B
FY20
BAH $7.5B
EFX $4.1B
FY21
BAH $7.9B
EFX $4.9B
FY22
BAH $8.4B
EFX $5.1B
FY23
BAH $9.3B
EFX $5.3B
FY24
BAH $10.7B
EFX $5.7B
FY25
BAH $12.0B
EFX $6.1B
FY26
BAH $11.2B
EFX —
BAH
EFX
Operating margin
FY17
BAH 8.7%
EFX 24.7%
FY18
BAH 8.4%
EFX 13.1%
FY19
BAH 9.0%
EFX −9.6%
FY20
BAH 9.0%
EFX 16.4%
FY21
BAH 9.6%
EFX 23.1%
FY22
BAH 8.2%
EFX 20.6%
FY23
BAH 4.8%
EFX 17.7%
FY24
BAH 9.5%
EFX 18.3%
FY25
BAH 11.4%
EFX 18.0%
FY26
BAH 9.2%
EFX —
BAH
EFX
Free cash flow
FY17
BAH $328M
EFX $598M
FY18
BAH $291M
EFX $350M
FY19
BAH $405M
EFX −$85.8M
FY20
BAH $423M
EFX $525M
FY21
BAH $631M
EFX $866M
FY22
BAH $657M
EFX $133M
FY23
BAH $527M
EFX $516M
FY24
BAH $192M
EFX $813M
FY25
BAH $911M
EFX $1.1B
FY26
BAH $951M
EFX —
BAH
EFX
Return on capital
FY17
BAH 16.1%
EFX 12.2%
FY18
BAH 17.7%
EFX 6.8%
FY19
BAH 23.1%
EFX −4.7%
FY20
BAH 25.0%
EFX 9.0%
FY21
BAH 29.3%
EFX 12.3%
FY22
BAH 18.9%
EFX 8.7%
FY23
BAH 10.1%
EFX 7.3%
FY24
BAH 19.7%
EFX 7.9%
FY25
BAH 26.2%
EFX 8.5%
FY26
BAH 24.2%
EFX —
BAH
EFX
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.