Equinix Inc
EQIX
1,026.06
+14.90
+1.47%
Equinix Inc
US · EQIX
#212 by market cap
Listed 2000
1,026.06
+14.90
+1.47%
Live - 5344 symbols - heartbeat 100s ago
· 2026-10-09 20:02
Revenue annual, last 8 years
Latest year +5.36% YoY
Margins
- Gross margin
- 51.09%
- Operating margin
- 21.33%
- Net margin
- 14.65%
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.07B | 5.56B | 6.00B | 6.64B | 7.26B | 8.19B | 8.75B | 9.22B |
| Gross profit | 2.47B | 2.75B | 2.92B | 3.16B | 3.51B | 3.96B | 4.28B | 4.71B |
| Selling & admin expenses | 1.46B | 1.59B | 1.81B | 2.04B | 2.29B | 2.51B | 2.66B | 2.74B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.01B | 1.17B | 1.11B | 1.12B | 1.23B | 1.45B | 1.62B | 1.97B |
| Pretax profit | 433.04M | 692.60M | 516.23M | 608.95M | 829.00M | 1.12B | 975.00M | 1.51B |
| Tax | 67.68M | 185.35M | 146.15M | 109.22M | 124.00M | 155.00M | 161.00M | 160.00M |
| Net profit | 365.36M | 507.25M | 370.07M | 499.73M | 705.00M | 969.00M | 814.00M | 1.35B |
| Basic EPS | 5 | 6 | 4 | 6 | 8 | 10 | 9 | 14 |
| Diluted EPS | 4.56 | 5.99 | 4.18 | 5.53 | 7.67 | 10.31 | 8.50 | 13.76 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.23B | 2.26B | 2.32B | 2.42B | 2.44B | 2.63B |
| Gross profit | 1.14B | 1.17B | 1.17B | 1.22B | 1.26B | 1.40B |
| Selling & admin expenses | 667.00M | 672.00M | 689.00M | 715.00M | 685.00M | 701.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 474.00M | 500.00M | 485.00M | 507.00M | 573.00M | 694.00M |
| Pretax profit | 392.00M | 405.00M | 399.00M | 312.00M | 471.00M | 523.00M |
| Tax | 49.00M | 38.00M | 25.00M | 48.00M | 56.00M | 46.00M |
| Net profit | 343.00M | 367.00M | 374.00M | 264.00M | 415.00M | 477.00M |
| Basic EPS | 4 | 4 | 4 | 3 | 4 | 5 |
| Diluted EPS | 3.50 | 3.75 | 3.81 | 2.69 | 4.20 | 4.83 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.52B | 2.87B | 2.61B | 2.96B | 3.31B | 3.57B | 5.45B | 5.13B |
| Cash & ST investments | 610.71M | 1.88B | 1.61B | 1.54B | 1.91B | 2.10B | 3.61B | 3.23B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 20.24B | 23.97B | 27.01B | 27.92B | 30.31B | 32.65B | 35.09B | 40.14B |
| Total current liabilities | 1.52B | 2.16B | 2.02B | 1.61B | 1.84B | 3.16B | 3.35B | 3.89B |
| Short-term debt | 451.97M | 941.67M | 524.37M | 324.96M | 300.81M | 1.28B | 1.54B | 1.64B |
| Long-term debt | 9.44B | 9.60B | 10.31B | 11.57B | 12.75B | 12.73B | 14.01B | 17.60B |
| Total liabilities | 13,025,359,000.00 | 15,125,233,000.00 | 16,372,723,000.00 | 17,036,934,000.00 | 18,804,910,000.00 | 20,137,000,000.00 | 21,533,000,000.00 | 25,963,000,000.00 |
| Total equity | 7.22B | 8.84B | 10.63B | 10.88B | 11.51B | 12.51B | 13.55B | 14.18B |
| Retained earnings | -2.44B | -2.78B | -3.36B | -3.90B | -4.35B | -4.76B | -5.59B | -6.10B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 5.51B | 6.55B | 4.97B | 5.13B | 5.35B | 4.32B |
| Cash & ST investments | 3.67B | 4.53B | 2.93B | 3.23B | 3.05B | 2.22B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 36.08B | 38.85B | 38.06B | 40.14B | 40.90B | 41.08B |
| Total current liabilities | 3.33B | 4.24B | 3.07B | 3.89B | 4.54B | 3.82B |
| Short-term debt | 1.56B | 2.28B | 1.03B | 1.64B | 2.23B | 1.51B |
| Long-term debt | 14.56B | 16.02B | 16.48B | 17.60B | 17.73B | 18.53B |
| Total liabilities | 22,166,000,000.00 | 24,742,000,000.00 | 23,880,000,000.00 | 25,963,000,000.00 | 26,578,000,000.00 | 26,678,000,000.00 |
| Total equity | 13.91B | 14.11B | 14.18B | 14.18B | 14.32B | 14.40B |
| Retained earnings | -5.71B | -5.81B | -5.90B | -6.10B | -6.19B | -6.24B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.82B | 1.99B | 2.31B | 2.55B | 2.96B | 3.22B | 3.25B | 3.91B |
| Depreciation & amortization | 1.23B | 1.28B | 1.42B | 1.66B | 1.74B | 1.84B | 2.01B | 2.07B |
| Free cash flow | -280.75M | -86.79M | 27.32M | -204.31M | 685.00M | 436.00M | 183.00M | -400.00M |
| Dividends paid | -738.60M | -836.16M | -947.93M | -1.04B | -1.15B | -1.38B | -1.64B | -1.86B |
| Stock buybacks / issuance | 388.17M | 1.66B | 1.98B | 497.87M | 796.00M | 734.00M | 1.67B | 99.00M |
| Ending cash balance | 627.60M | 1.89B | 1.63B | 1.55B | 1.91B | 2.10B | 3.08B | 1.82B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 809.00M | 944.00M | 1.01B | 1.14B | 717.00M | 1.07B |
| Depreciation & amortization | 480.00M | 502.00M | 533.00M | 551.00M | 544.00M | 557.00M |
| Free cash flow | 59.00M | -45.00M | -122.00M | -292.00M | -539.00M | -511.00M |
| Dividends paid | -468.00M | -460.00M | -467.00M | -461.00M | -519.00M | -510.00M |
| Stock buybacks / issuance | 99.00M | 0 | 0 | 0 | 0 | 0 |
| Ending cash balance | 2.96B | 3.69B | 2.17B | 1.82B | 1.43B | 1.02B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 5.19 | 6.32 | 3.80 | 4.65 | 6.29 | 8.08 | 6.27 | 9.75 |
| ROA %i | 1.88 | 2.30 | 1.45 | 1.82 | 2.42 | 3.08 | 2.41 | 3.59 |
| ROIC %i | 4.47 | 4.12 | 2.81 | 3.07 | 3.63 | 4.26 | 3.47 | 4.75 |
| 5-year avg ROE %i | 1.89 | 5.34 | 4.61 | 4.82 | 5.25 | 5.83 | 5.82 | 7.01 |
| EBIT margin %i | 18.82 | 21.08 | 15.38 | 14.24 | 16.33 | 18.64 | 16.37 | 22.08 |
| FCF / sales %i | -- | -- | 0.46 | -- | 9.43 | 5.32 | 2.09 | -- |
| Current ratioi | 1.00 | 1.33 | 1.29 | 1.84 | 1.80 | 1.13 | 1.63 | 1.32 |
| Quick ratioi | 0.90 | 1.27 | 1.22 | 1.54 | 1.64 | 1.07 | 1.49 | 1.19 |
| Debt / assetsi | 55.98 | 55.44 | 51.55 | 53.70 | 54.34 | 53.46 | 54.04 | 56.62 |
| LT debt / equityi | 150.71 | 139.65 | 126.00 | 134.79 | 140.52 | 129.55 | 128.80 | 148.96 |
| Interest coveragei | 1.83 | 2.44 | 2.27 | 2.81 | 3.33 | 3.80 | 3.13 | 3.86 |
| Revenue CAGR (3Y) %i | 22.99 | 15.48 | 11.15 | 9.37 | 9.30 | 10.93 | 9.65 | 8.27 |
| Net income CAGR (3Y) %i | 24.84 | 58.77 | 16.65 | 11.04 | 11.58 | 37.87 | 17.67 | 24.18 |
| FCF CAGR (3Y) %i | -- | -- | -23.28 | -- | -- | 151.76 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 7.08 | 7.54 | 7.72 | 9.75 | 10.09 | 10.77 |
| ROA %i | 2.73 | 2.77 | 2.91 | 3.59 | 3.69 | 3.84 |
| ROIC %i | 3.79 | 3.83 | 3.97 | 4.75 | 4.92 | 5.13 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 17.69 | 18.42 | 18.85 | 22.08 | 22.68 | 23.19 |
| FCF / sales %i | 3.97 | 0.47 | -- | -- | -- | -- |
| Current ratioi | 1.65 | 1.54 | 1.62 | 1.32 | 1.18 | 1.13 |
| Quick ratioi | 1.43 | 1.34 | 1.33 | 1.19 | 0.92 | 0.91 |
| Debt / assetsi | 54.46 | 56.25 | 55.13 | 56.62 | 57.06 | 56.86 |
| LT debt / equityi | 130.28 | 138.94 | 140.92 | 148.96 | 147.64 | 151.89 |
| Interest coveragei | 3.29 | 3.29 | 3.34 | 3.86 | 3.87 | 4.00 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Colocation is the largest reported line at 67.50% of revenue, across 5 reported segments.
- Interconnection follows at 17.26%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Colocation67.50%
Interconnection17.26%
Non-recurring revenues9.45%
Managed infrastructure4.27%
Other1.52%
Quote time 2026-10-09 20:02:43 · For reference only, not investment advice and not tailored to your situation.
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