EFX EQUIFAX INC

Overview and Growth

EQUIFAX INC generated $6.07B of revenue in fiscal 2025, with net income of $660.30M and an operating cash inflow of $1.62B. At $6.07B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 6.9% above fiscal 2024 revenue of $5.68B, marking a year-over-year increase. On a per-share basis, diluted EPS was $5.32, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 9.9% increase from fiscal 2024 diluted EPS of $4.84. Asset turnover was 0.51x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $3.43B of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 56.4% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $1.10B, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 18.0%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $660.30M for the fiscal year. Net margin was 10.9%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $894.90M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 14.7%, relating income before taxes directly to revenue. The reported income-tax provision was $230.60M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 25.8% of pretax income, showing the tax burden absorbed by the year’s earnings.

Liquidity and Capital Structure

The company held $11.86B of assets against $7.13B of liabilities and $4.62B of equity, revealing how the asset base was financed. Current assets were $1.41B against $2.34B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.6x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $180.80M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 7.7% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $5.09B, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 1.1x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 42.9%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 60.1%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 1.5% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.62B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 2.45x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $481.40M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 29.8%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $1.13B of positive free cash flow for the period. The free-cash-flow margin was 18.7%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 9.6% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.