The Filing Desk

Equifax vs Thomson Reuters

Equifax EFX · Thomson Reuters TRI · Research & Consulting Services

Thomson Reuters reported revenue of $7.5 billion in fiscal 2025, 1.2 times Equifax's $6.1 billion in fiscal 2025. Equifax's revenue grew 6.9% in its latest year, and Thomson Reuters' grew 3.0%. Equifax had an operating margin of 18.0%, against 28.5% at Thomson Reuters. Free cash flow was $1.1 billion at Equifax and $2.0 billion at Thomson Reuters.

Side by side

EquifaxThomson Reuters
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$6.1B$7.5B
Revenue growth6.9%3.0%
Revenue growth a year, last 5 years8.0%4.6%
Gross margin——
Operating margin18.0%28.5%
Net margin10.9%20.1%
Free cash flow$1.1B$2.0B
Free cash flow margin18.7%27.0%
Return on capital8.4%11.8%
Net debt to EBITDA2.7x1.1x
Dividends and buybacks$1.2B$1.0B
Change in diluted share count−0.6%−0.4%
Last close$178.56$122.08
P/E at the last close28.9×—
Insider trades, last 12 monthsbought $464,928, sold $38.5 million—
Piotroski F-score6 of 86 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
EquifaxThomson Reuters
Operating margin
Percent of revenue
EquifaxThomson Reuters
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EquifaxThomson Reuters

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Equifax and Thomson Reuters pages.