Equifax, Inc. — Earnings Quality Grade F
EFX · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 61 days, change -1 days YoY
AR growth 5.8% vs revenue growth 6.9%
Revenue 6.9%, CFFO 22.0%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -5.9% vs revenue 6.9%. Normal
SG&A/Gross Profit = 47.1%. Normal
Gross margin 56.4%, change +0.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.45. Profits backed by cash
FCF $1.1B, FCF/NI = 1.72
Accruals ratio = -8.1%. Low accruals
Cash $0.2B covers only 4% of debt $5.1B
Balance Sheet Health
Goodwill+Intangibles $8.2B = 177% of equity. Over 50%
Debt/EBITDA = 2.8x. Healthy
Other assets 1.3% vs revenue 6.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -2.84 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09