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Equinix (EQIX) Stock Analysis

This is a peer-relative look at Equinix (EQIX): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Equity Real Estate Investment Trusts (REITs) peers, so every number reads in context rather than in isolation.

Company Profile

Equinix (EQIX) is a REIT, a distribution-oriented structure — read its payout ratio and P/E alongside FFO (funds from operations) rather than at face value.

Company profile fields for Equinix (EQIX)
Profile ItemEQIX
NameEquinix, Inc.
Country/RegionUnited States
GICS SectorReal Estate
GICS Industry GroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
GICS Sub-IndustryData Center REITs
Market Capitalization101.37 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateAugust 11, 2000
Security TypeREIT

Price Performance

Cumulative Growth

EQIX
GSPC
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Equinix (EQIX) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinix (EQIX) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinix (EQIX) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Total Return (1Y)33.21%22.14%
Total Return (3Y, Annualized)10.71%10.33%
Total Return (5Y, Annualized)6.71%2.07%

Risk Profile

Drawdown History

EQIX
GSPC
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Equinix (EQIX) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinix (EQIX) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Volatility (1Y, Annualized)23.00%23.49%
Beta (5Y)0.980.97
Max Drawdown (5Y)-41.77%-43.43%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. EQIX is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Sharpe Ratio (1Y)1.270.84
Sortino Ratio (1Y)2.161.24

Profitability

ROE (TTM)

Equinix (EQIX) posts ROE of 10.06%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

10.06%

Group distribution
Max
21.85%
EQIX
10.06%
Q3
9.72%
Median
5.82%
Q1
1.37%
Min
-9.66%
Largest peers
SPG
113.59%
AMT
29.95%
EQIX
10.06%
PLD
7.75%
DLR
5.69%
WELL
3.67%
O
2.83%
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Where Equinix (EQIX) stands on ROE within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

net margin is set aside for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): heavy depreciation can make net income a poor proxy for cash profitability, so FFO-based measures usually carry the read.

Operating Margin (TTM)

operating margin is set aside for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
ROE (TTM)10.06%5.82%
ROA (TTM)3.50%2.35%
Net Margin (TTM)----
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Equinix (EQIX) grew revenue 5.36%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Equinix (EQIX): Revenue Growth across different time periods, set against Equity Real Estate Investment Trusts (REITs) industry-group medians.

EPS Growth

EPS growth is not assessed for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): under this industry convention, per-share earnings need a different yardstick.

Growth Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Revenue Growth (YoY)5.36%5.06%
Revenue Growth (3Y CAGR)8.27%4.57%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Equinix (EQIX) has current ratio of 1.18, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.18

Group distribution
Max
4.00
Q3
1.93
EQIX
1.18
Median
0.96
Q1
0.45
Min
0.08
Largest peers
O
2.06
WELL
1.65
DLR
1.23
EQIX
1.18
AMT
0.30
PLD
0.30
SPG
0.20
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Where Equinix (EQIX) stands on current ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Equinix (EQIX) has debt-to-equity ratio of 1.63, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.63

Group distribution
Max
2.63
EQIX
1.63
Q3
1.56
Median
1.04
Q1
0.77
Min
0.19
Largest peers
SPG
4.57
AMT
4.45
EQIX
1.63
DLR
0.77
O
0.73
PLD
0.63
WELL
0.44
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Where Equinix (EQIX) stands on debt-to-equity ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Current Ratio (MRQ)1.180.96
Debt / Equity (MRQ)1.631.04
Net Debt / EBITDA5.136.00

Dividends

Dividend Yield (TTM)

Equinix (EQIX) has dividend yield of 1.89%, in the lower peer-yield quartile. Dividend income is lighter than at most industry peers, which may reflect a greater tilt toward reinvestment, buybacks, or growth.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.89%

Group distribution
Max
8.30%
Q3
5.45%
Median
4.05%
Q1
3.08%
EQIX
1.89%
Min
0.00%
Largest peers
O
4.96%
AMT
4.12%
SPG
3.79%
PLD
2.82%
DLR
2.77%
EQIX
1.89%
WELL
1.21%
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Where Equinix (EQIX) stands on dividend yield within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

payout ratio is not assessed for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): distributions in this industry are better read against FFO or cash-flow measures than accounting earnings.

Dividend Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
Dividend Yield (TTM)1.89%4.05%
Dividend Payout Ratio (TTM)----

Valuation

P/E Ratio (TTM)

P/E ratio is not assessed for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs): depreciation can depress accounting earnings in this industry, so price-to-FFO is the more relevant valuation yardstick.

P/S Ratio (TTM)

Equinix (EQIX) trades at 10.64 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

10.64

Group distribution
Max
16.18
EQIX
10.64
Q3
9.22
Median
6.89
Q1
3.86
Min
0.66
Largest peers
PLD
14.81
WELL
14.78
SPG
12.96
DLR
10.69
EQIX
10.64
O
10.22
AMT
7.04
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Where Equinix (EQIX) stands on P/S ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Equinix (EQIX) trades at 7.09 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

7.09

Group distribution
EQIX
7.09
Max
4.32
Q3
2.74
Median
1.84
Q1
1.17
Min
0.32
Largest peers
AMT
21.62
SPG
15.26
EQIX
7.09
WELL
3.96
DLR
2.76
PLD
2.62
O
1.55
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Where Equinix (EQIX) stands on P/B ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Equinix (EQIX) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EQIXIndustry group median
P/E Ratio (TTM)----
P/S Ratio (TTM)10.646.89
P/B Ratio (MRQ)7.091.84
Free Cash Flow Yield (TTM)----