EFX vs FCN: Equifax and FTI Consulting compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Equifax is the larger company, worth $17.7B, about 4.1 times FTI Consulting.
- Equifax grew revenue faster over the last year (+10.6% vs +5.3%).
- Equifax keeps more of each dollar of revenue as operating profit (17.9% vs 9.7%).
- On earnings, FTI Consulting is the cheaper stock (17.2x vs 25.8x).
- FTI Consulting's price assumes faster free cash flow growth: about 16% a year, against 2% for Equifax (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | EFX | FCN |
|---|---|---|
| Market cap | $17.7B | $4.4B |
| Share price | $145.78 | $136.16 |
| Revenue (last fiscal year) | $6.1B | $3.8B |
| Free cash flow (last fiscal year) | $1.1B | $94M |
| Revenue growth, last year | +10.6% | +5.3% |
| Revenue growth per year, last 5 fiscal years | +5.4% | +8.1% |
| Operating margin | 17.9% | 9.7% |
| Net margin | 10.7% | 6.4% |
| Return on equity | 15.8% | 18.9% |
| P/E (trailing) | 25.8x | 17.2x |
| Price / free cash flow | 15.6x | 27.8x |
| EV / EBITDA | 12.7x | 12.6x |
| FCF growth the price implies | 1.7% | 16.1% |
| Dividend yield | 1.4% | — |
| Debt / equity | 1.70x | 1.65x |
| Fundamental grade | C | C |
| Superinvestors holding it | 9 | 3 |
| Insider purchases, last 12 months | 8 | 7 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Equifax
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.9B | $866M | 23.1% |
| 2022 | $5.1B | $133M | 20.6% |
| 2023 | $5.3B | $516M | 17.7% |
| 2024 | $5.7B | $813M | 18.3% |
| 2025 | $6.1B | $1.1B | 18.0% |
FTI Consulting
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.8B | $287M | 11.2% |
| 2022 | $3.0B | $135M | 10.0% |
| 2023 | $3.5B | $175M | 10.8% |
| 2024 | $3.7B | $360M | 9.4% |
| 2025 | $3.8B | $94M | 10.3% |
Where the revenue comes from
Equifax · by segments, 2025
Total Workforce Solutions$2.6B43%
Total U.S. Information Solutions$2.1B34%
Total International$1.4B23%
FTI Consulting · by segments, 2025
Corporate Finance$1.6B41%
Forensic And Litigation Consulting$765M20%
Economic Consulting$721M19%
Strategic Communications$378M10%
Technology$374M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open EFX in InvestinglyQuestions
Which is bigger, Equifax or FTI Consulting?
Equifax (EFX), at $17.7B against $4.4B.
Is EFX or FCN cheaper?
By trailing P/E, FTI Consulting (17.2x) is cheaper than Equifax (25.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, EFX or FCN?
Equifax: revenue grew +10.6% over the last year, against +5.3%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.