SuperworthEquinix EQIX
- Market cap
- $94.2B
- PE
- 61.5×
- 10y median 97.9×
- Forward PE
- 55.2×
- 10y median 72.0×
- Price to FFO
- 32.0×
- its own FFO
- Price to sales
- 9.6×
- EV/EBIT
- 49.7×
- Revenue, 12 months
- $9.8B
- +10% on a year ago
- Net margin
- 15.6%
Equinix trades at 32.0× its funds from operations, the earnings measure REITs are valued on. Revenue was $9.8B over the last twelve months, up 10% on a year earlier with a 16% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.1B+12% | $2.1B+13% | $2.1B+6% | $2.2B+7% | $2.2B+7% | $2.3B+7% | $2.2B+5% | $2.3B+5% | $2.3B+5% | $2.4B+7% | $2.4B+10% | $2.6B+16% | |
| Cost of revenue | $1.1B+14% | $1.1B+13% | $1.1B+8% | $1.1B+2% | $1.1B+3% | $1.2B+10% | $1.1B−1% | $1.1B+0% | $1.1B+4% | $1.2B+0% | $1.2B+9% | $1.2B+14% |
| Gross profit | $992M+10% | $1B+13% | $1B+4% | $1.1B+13% | $1.1B+11% | $1.1B+5% | $1.1B+10% | $1.2B+9% | $1.2B+6% | $1.2B+15% | $1.3B+10% | $1.4B+19% |
| SG&A | $616.4M+8% | $666.5M+10% | $670M+11% | $656M+6% | $671M+9% | $660M−1% | $667M−0% | $672M+2% | $689M+3% | $715M+8% | $685M+3% | $701M+4% |
| $381M+14% | $346.4M+23% | $364M−5% | $436M+31% | $425M+12% | $103M−70% | $458M+26% | $494M+13% | $474M+12% | $422M+310% | $577M+26% | $665M+35% | |
| Interest expense | $102M+12% | $103.2M+10% | $104M+7% | $110M+10% | $117M+15% | $126M+22% | $122M+17% | $135M+23% | $128M+9% | $142M+13% | $148M+21% | $151M+12% |
| Pre-tax income | $295.7M+20% | $270.3M+52% | $277M−12% | $348M+42% | $350M+18% | $0 | $392M+42% | $405M+16% | $399M+14% | $312M | $471M+20% | $523M+29% |
| $20M−42% | $42.8M−12% | $46M−16% | $47M+26% | $54M+170% | $14M−67% | $49M+7% | $38M−19% | $25M−54% | $48M+243% | $56M+14% | $46M+21% | |
| Net income | $275.8M+30% | $227.2M+76% | $231M−11% | $301M+45% | $297M+8% | −$14M | $343M+49% | $368M+22% | $374M+26% | $265M | $415M+21% | $479M+30% |
| $2.93+27% | $2.40+73% | $2.43−12% | $3.16+43% | $3.10+6% | −$0.14 | $3.50+44% | $3.75+19% | $3.81+23% | $2.69 | $4.20+20% | $4.83+29% | |
| 94.2M+2% | 94.7M+2% | 95.2M+2% | 95.2M+1% | 95.7M+2% | 96.8M+2% | 97.9M+3% | 98M+3% | 98.2M+3% | 98.4M+2% | 98.7M+1% | 99.1M+1% |
Gross profit: 69 periods, Q2 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 11 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 15 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY14 and Q4 FY24: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $2.6B | $2.5B to $2.6B | $4.11 | $4.03 to $4.18 | 6 |
| Q4 FY26 | $2.6B | $2.6B to $2.7B | $3.97 | $3.86 to $4.04 | 6 |
| Q1 FY27 | $2.7B | $2.7B to $2.8B | $4.43 | $4.36 to $4.52 | 2 |
| Q2 FY27 | $2.8B | $2.8B to $2.9B | $4.82 | $4.74 to $4.91 | 2 |
| Q3 FY27 | $2.9B | $2.8B to $2.9B | $4.80 | $4.72 to $4.89 | 2 |
| Q4 FY27 | $3B | $2.9B to $3B | $4.86 | $4.78 to $4.95 | 2 |
| Q1 FY28 | $3B | $3B to $3.1B | $0.00 | 5 | |
| Q2 FY28 | $3.1B | $3.1B to $3.2B | $0.00 | 5 |
Peers
Companies in REIT - Specialty nearest Equinix's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| EQIXEquinix | $94.2B | 61.5× | 97.9× | 55.2× | 9.6× | +10% | 15.6% |
| AMTAmerican Tower | $88.1B | 26.0× | 55.9× | 27.9× | 8.0× | +7% | 31.1% |
| DLRDigital Realty Trust | $63.8B | 83.3× | 69.1× | 75.9× | 9.4× | +17% | 11.8% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| IRMIron Mountain | $32.7B | 78.5× | 47.1× | 43.1× | 4.3× | +17% | 5.5% |
| SBACSBA Communications | $19.6B | 19.9× | 81.2× | n/m | 6.8× | +5% | 34.5% |
| HSTHost Hotels & Resorts | $16.9B | 16.6× | 17.1× | n/m | 2.7× | +5% | 16.5% |
| KIMKimco Realty | $15.8B | 27.8× | 25.5× | n/m | 7.2× | +4% | 27.8% |
| LAMRLamar Advertising | $15.7B | 28.3× | 24.4× | n/m | 6.8× | +4% | 23.9% |
| WPCW. P. Carey | $14.6B | 21.8× | 26.7× | n/m | 8.1× | +9% | 36.3% |
| Peer median | $26.2B | 28.0× | 51.5× | 37.6× | 7.6× | +5% | 25.8% |
Investors who own it
Investors we follow who held Equinix at the end of Jun 30, 2026, from their 13F filings.
- Philippe LaffontCoatue Management2.7% of portfolioadded
- Paul SingerElliott Investment Management1.1% of portfolio
- Stanley DruckenmillerDuquesne Family Office0.4% of portfolionew
- Ron BaronBaron Capital0.3% of portfoliotrimmed
More on Equinix
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 91Real estate stocks cheapest against their own PE history
- #1of 73Specialty REITs cheapest against their own PE history
- #6of 13Real estate stocks with the fastest expected revenue growth
Its groups
About
- Industry
- REIT - Specialty
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .