Equifax vs TransUnion
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The short version
- Equifax is the larger business, with $6.1B of revenue in fiscal 2025 against $4.6B for TransUnion.
- TransUnion grew revenue faster (9.4%, against 6.9%).
- TransUnion kept more of each dollar of sales as operating profit (18.7% operating margin, against 18.0%).
- Equifax turned more of its sales into free cash flow (18.7% FCF margin, against 14.5%).
- Equifax earned a higher return on the capital invested in it (8.5%, against 7.1%).
- Investors pay more for each dollar of Equifax’s earnings: a P/E of 29.5x against 22.6x for TransUnion.
| Latest fiscal year | EFX · FY25 | TRU · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.5B | $15.8B |
| Revenue | $6.1B | $4.6B |
| Free cash flow | $1.1B | $662M |
| Net income | $660M | $455M |
| Growth | ||
| Revenue growth | 6.9% | 9.4% |
| 5-year growth | 8.0% | 12.6% |
| Share count change | −0.6% | −0.1% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 18.0% | 18.7% |
| Net margin | 10.9% | 10.0% |
| FCF margin | 18.7% | 14.5% |
| Return on capital | 8.5% | 7.1% |
| Return on equity | 14.1% | 10.5% |
| Balance sheet | ||
| Net debt | $4.9B | $4.2B |
| Net debt / EBITDA | 2.7x | 3.0x |
| Dividends and buybacks | $1.2B | $393M |
| Valuation & quality | ||
| P/E | 29.5x | 22.6x |
| Piotroski F-score | 6 | 8 |
Revenue
FY16
EFX $3.1B
TRU $1.7B
FY17
EFX $3.4B
TRU $1.9B
FY18
EFX $3.4B
TRU $2.3B
FY19
EFX $3.5B
TRU $2.5B
FY20
EFX $4.1B
TRU $2.5B
FY21
EFX $4.9B
TRU $3.0B
FY22
EFX $5.1B
TRU $3.7B
FY23
EFX $5.3B
TRU $3.8B
FY24
EFX $5.7B
TRU $4.2B
FY25
EFX $6.1B
TRU $4.6B
EFX
TRU
Operating margin
FY16
EFX 26.2%
TRU 17.6%
FY17
EFX 24.7%
TRU 24.0%
FY18
EFX 13.1%
TRU 22.1%
FY19
EFX −9.6%
TRU 22.0%
FY20
EFX 16.4%
TRU 19.8%
FY21
EFX 23.1%
TRU 22.0%
FY22
EFX 20.6%
TRU 16.9%
FY23
EFX 17.7%
TRU 3.4%
FY24
EFX 18.3%
TRU 15.9%
FY25
EFX 18.0%
TRU 18.7%
EFX
TRU
Free cash flow
FY16
EFX $650M
TRU $266M
FY17
EFX $598M
TRU $331M
FY18
EFX $350M
TRU $376M
FY19
EFX −$85.8M
TRU $589M
FY20
EFX $525M
TRU $582M
FY21
EFX $866M
TRU $584M
FY22
EFX $133M
TRU −$1.0M
FY23
EFX $516M
TRU $335M
FY24
EFX $813M
TRU $517M
FY25
EFX $1.1B
TRU $662M
EFX
TRU
Return on capital
FY16
EFX 12.9%
TRU 5.4%
FY17
EFX 12.2%
TRU 11.9%
FY18
EFX 6.8%
TRU 8.6%
FY19
EFX −4.7%
TRU 7.6%
FY20
EFX 9.0%
TRU 6.9%
FY21
EFX 12.3%
TRU 6.8%
FY22
EFX 8.7%
TRU 4.8%
FY23
EFX 7.3%
TRU 1.1%
FY24
EFX 7.9%
TRU 5.7%
FY25
EFX 8.5%
TRU 7.1%
EFX
TRU
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.