EQUIFAX INC
EFX · Technology · $20.8B mkt cap · FY2025 filings · No moat ·
Doesn't clear the bar
The five investor questions
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $4.9B to $6.1B, increasing; diluted EPS 6.02 to 5.32, decreasing.
Not enough years of gross-margin data to score pricing power.
Median ROIC 8.5%, above the 12% hurdle in 10% of years.
Net debt/EBITDA 2.7x, interest coverage 5x.
Owner earnings changed +5.0%/yr over up to the ten most recent annual observations.
The pricingPower component abstained: Not enough years of gross-margin data to score pricing power. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $765M
- $70.58
- $114.34
- $172.54
- 144% above value if growth stopped today
What today’s price assumes: owner earnings growing ~20%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
How to read this
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
19 years of fundamentals
The business, in plain English
Across the filed record, revenue grew from $3.1B (FY2016) to $6.1B (FY2025) — about 7.6% a year compounded over 9 years.
It earned 8.5% on invested capital in the latest filed year, FY2025. Across the full 18-year measurable filed record, median ROIC was 10.0%. Over the v3 recent window (10 measurable filed years), median ROIC was 8.5%. The Returns on Capital filter above scores it 19/100.
The balance sheet carried $5.1B of total debt in FY2025 against $906M of owner earnings — roughly 5.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 26/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in EFX’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in EFX’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for EFX.
Technology context
#479 of 744 scored Technology companies, ranked by Moat Score.
Nearest peers by Moat Score
- #477NVVE NUVVE HOLDING CORP.38.7 out of 100, No moatNo moat
- #478MLGO MicroAlgo Inc.38.5 out of 100, No moatNo moat
- #480DHX DHI Group, Inc.38.4 out of 100, No moatNo moat
- #481SLE SUPER LEAGUE ENTERPRISE, INC.38.4 out of 100, No moatNo moat
Compare EFX with its nearest peers →All Technology companies on the Index →
Common questions about EFX
- Does EQUIFAX INC have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores EQUIFAX INC (EFX) 38.4 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 55, pricing power not measurable from the filings, returns on capital 19, balance-sheet safety 26, capital allocation 54.
- Is EFX trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $70.58 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $172.54, that is 144% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has EFX's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 38.4 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.