EQIX
Equinix
$1,057.61
▲ 0.5%Updated Aug 7, 11:30 AM ET
EQIX at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 42/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 23.2% over the last 12 months
Market Cap
$98.82B
P/E
71.32x
Forward P/E (est.)
50.94x
ROE
10.0%
Revenue Growth
6.7%
EPS Growth
50.2%
Profit Margin
15.1%
FCF Yield
3.4%
Debt / Equity
1.5x
ROIC
4.0%
Interest Coverage
4.6x
Current Ratio
1.18x
Dividend Yield
1.9%
Implied Growth (rev. DCF)
—
Rating Score
42/100
Equinix (EQIX) is a large-cap company in the Data Center REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $98.82B.
In its latest reported year it generated about $9.22B in revenue and $1.35B in net profit.
Our model rates EQIX Neutral (42/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (7 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
17.6% average over the last 3 years
±1.9 pts around 17.8% across 7 years
grew in 6 of the last 6 year-over-year periods
positive in 4 of 7 years
4.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what EQIX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. EQIX trades near $1,057.61, around its 50-day average ($1,075.18) and 200-day average ($907.23). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 40 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. EQIX's is $30.97 (~2.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month EQIX found buyers near $994.04 (support) and sellers near $1,124.00 (resistance); its 52-week range is $720.62–$1,128.68. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
8.6%
Revenue moved from $5.56B in 2019 to $9.22B in 2025, a 8.8% compound annual growth rate. The most recent year grew a steady 6.7% year over year. Slower, mature growth is common for established businesses.
Gross Margin
51.1%
Operating Margin
20.0%
Net Margin
14.6%
ROE
10.0%
Equinix keeps about 15.1% of each sales dollar as net profit, with a 51.1% gross margin and 20.0% operating margin. Return on equity is 10.0% and return on invested capital about 4.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$19.79B
Net Debt
$18.42B
Net Debt / EBITDA
9.97x
Debt / Equity
1.5x
Leverage: debt-to-equity is 1.5x, and operating profit covers interest about 4.6x, with a current ratio of 1.2x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $19.79B of total debt against $1.36B of cash.
Operating CF
$3.91B
Free Cash Flow
-$400.00M
FCF Margin
-4.3%
In the latest year Equinix produced about $3.91B of operating cash flow but negative free cash flow as it invested heavily. That is a free-cash-flow yield of about 3.4% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
1.9%
Per share (latest FY)
$18.76
Total paid (latest FY)
$1.86B
History on record
7 years
free cash flow was negative in the latest year — the dividend is being financed
137% of net income paid out
total dividends increased 6 years in a row
no cuts in the last 7 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
71.32x
P/S
11.39x
P/B
5.16x
EV / EBITDA
—
EQIX trades at 71.3x trailing earnings (about 50.9x on estimated forward earnings), 11.4x sales, and 5.2x book value. That is a rich multiple that prices in a lot of future growth.
Where EQIX sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How EQIX stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (41 S&P 500 companies), EQIX ranks #26 of 41 by our overall rating. It trades at a premium versus the sector on earnings (71.3x P/E vs. 32.4x median) with a higher return on equity (10.0% vs. 8.0%) and faster revenue growth (6.7% vs. 5.3%).
P/E vs sector
71.3x
median 32.4x
ROE vs sector
10.0%
median 8.0%
Growth vs sector
6.7%
median 5.3%
Sector rank
#26
of 41 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 41 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $1,057.61 today · expected CAGR -3% – 7%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $9.86B | $10.55B | $11.29B | $12.08B | $12.93B |
| Net income | $1.48B | $1.58B | $1.69B | $1.81B | $1.94B |
| EPS | $15.83 | $16.94 | $18.13 | $19.39 | $20.75 |
| Share price (low) | $680.77 | $728.42 | $779.41 | $833.97 | $892.35 |
| Share price (high) | $1,124.06 | $1,202.74 | $1,286.93 | $1,377.02 | $1,473.41 |
| CAGR (low–high) | -36% / 6% | -17% / 7% | -10% / 7% | -6% / 7% | -3% / 7% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for EQIX:
- High net margins (15.1%) point to pricing power or efficiency.
- As an established S&P 500 member in Real Estate, it brings scale and a long operating history.
The case against EQIX:
- Elevated leverage (debt/equity 1.5x) adds financial risk.
- A rich 71.3x earnings multiple prices in a lot of growth.
Valuation risk — at 71.3x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 1.5x magnifies the impact of higher rates or weaker earnings.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Equinix is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 71.3x earnings, which our model scores Neutral (42/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 40 Wall Street analysts covering EQIX recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+3 pts of buy ratings).
Latest SEC Filings
EQIX's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
EQIX — frequently asked questions
Is EQIX a good stock to buy?
We don't give buy or sell advice. Our model rates Equinix Neutral (42/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is EQIX's rating on The Stocks School?
Equinix currently scores 42/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does EQIX's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Equinix's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for EQIX calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this EQIX analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell EQIX. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.