EQIX vs. IRM: A Head-to-Head Stock Comparison

Updated on August 19, 2025

Here’s a clear look at EQIX and IRM, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both EQIX and IRM are Real Estate Investment Trusts (REITs). These entities are required to distribute the majority of their taxable income to shareholders, often resulting in higher dividend yields.

Symbol	EQIX	IRM
Company Name	Equinix, Inc.	Iron Mountain Incorporated
Country	United States	United States
GICS Sector	Real Estate	Real Estate
GICS Industry	Specialized REITs	Specialized REITs
Market Capitalization	76.73 billion USD	27.75 billion USD
Exchange	NasdaqGS	NYSE
Listing Date	August 11, 2000	February 1, 1996
Security Type	REIT	REIT

Historical Performance

This chart compares the performance of EQIX and IRM by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

EQIX vs. IRM: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	EQIX	IRM
5-Day Price Return	0.60%	2.33%
13-Week Price Return	-9.93%	-4.05%
26-Week Price Return	-16.45%	-11.52%
52-Week Price Return	-4.28%	-13.53%
Month-to-Date Return	-0.15%	-3.48%
Year-to-Date Return	-16.85%	-10.60%
10-Day Avg. Volume	0.44M	2.01M
3-Month Avg. Volume	0.62M	1.65M
3-Month Volatility	31.94%	23.87%
Beta	0.92	1.08

Profitability

Return on Equity (TTM)

EQIX

7.22%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

EQIX’s Return on Equity of 7.22% is on par with the norm for the Specialized REITs industry, indicating its profitability relative to shareholder equity is typical for the sector.

IRM

85.19%

Specialized REITs Industry

Max: 37.66%
Q3: 20.19%
Median: 8.96%
Q1: 6.32%
Min: -1.71%

IRM’s Return on Equity of 85.19% is exceptionally high, placing it well beyond the typical range for the Specialized REITs industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

EQIX vs. IRM: A comparison of their Return on Equity (TTM) against the Specialized REITs industry benchmark.

Net Profit Margin (TTM)

EQIX

11.11%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

IRM

0.64%

Specialized REITs Industry

Max: 67.81%
Q3: 40.70%
Median: 25.91%
Q1: 11.01%
Min: 1.95%

In the Specialized REITs industry, Net Profit Margin is often not the primary profitability metric.

EQIX vs. IRM: A comparison of their Net Profit Margin (TTM) against the Specialized REITs industry benchmark.

Operating Profit Margin (TTM)

EQIX

16.39%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

IRM

16.17%

Specialized REITs Industry

Max: 107.13%
Q3: 55.10%
Median: 41.03%
Q1: 17.97%
Min: 5.94%

In the Specialized REITs industry, Operating Profit Margin is often not the primary measure of operational efficiency.

EQIX vs. IRM: A comparison of their Operating Profit Margin (TTM) against the Specialized REITs industry benchmark.

Profitability at a Glance

Symbol	EQIX	IRM
Return on Equity (TTM)	7.22%	85.19%
Return on Assets (TTM)	2.73%	0.22%
Net Profit Margin (TTM)	11.11%	0.64%
Operating Profit Margin (TTM)	16.39%	16.17%
Gross Profit Margin (TTM)	50.11%	66.77%

Financial Strength

Current Ratio (MRQ)

EQIX

1.54

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

EQIX’s Current Ratio of 1.54 is in the upper quartile for the Specialized REITs industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

IRM

0.63

Specialized REITs Industry

Max: 1.74
Q3: 1.13
Median: 0.59
Q1: 0.35
Min: 0.09

IRM’s Current Ratio of 0.63 aligns with the median group of the Specialized REITs industry, indicating that its short-term liquidity is in line with its sector peers.

EQIX vs. IRM: A comparison of their Current Ratio (MRQ) against the Specialized REITs industry benchmark.

Debt-to-Equity Ratio (MRQ)

EQIX

1.44

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

EQIX’s Debt-to-Equity Ratio of 1.44 is typical for the Specialized REITs industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

IRM

685.59

Specialized REITs Industry

Max: 4.54
Q3: 3.26
Median: 1.09
Q1: 0.58
Min: 0.16

With a Debt-to-Equity Ratio of 685.59, IRM operates with exceptionally high leverage compared to the Specialized REITs industry norm. This suggests an aggressive reliance on debt financing, which can magnify returns but also significantly elevates financial risk.

EQIX vs. IRM: A comparison of their Debt-to-Equity Ratio (MRQ) against the Specialized REITs industry benchmark.

Interest Coverage Ratio (TTM)

EQIX

4.05

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

EQIX’s Interest Coverage Ratio of 4.05 is positioned comfortably within the norm for the Specialized REITs industry, indicating a standard and healthy capacity to cover its interest payments.

IRM

1.36

Specialized REITs Industry

Max: 5.24
Q3: 4.05
Median: 2.99
Q1: 2.10
Min: 1.28

In the lower quartile for the Specialized REITs industry, IRM’s Interest Coverage Ratio of 1.36 indicates a tighter cushion for servicing debt, suggesting less financial flexibility than many of its competitors.

EQIX vs. IRM: A comparison of their Interest Coverage Ratio (TTM) against the Specialized REITs industry benchmark.

Financial Strength at a Glance

Symbol	EQIX	IRM
Current Ratio (MRQ)	1.54	0.63
Quick Ratio (MRQ)	1.54	0.54
Debt-to-Equity Ratio (MRQ)	1.44	685.59
Interest Coverage Ratio (TTM)	4.05	1.36

Growth

Revenue Growth

EQIX vs. IRM: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

EQIX vs. IRM: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

EQIX

2.28%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

EQIX’s Dividend Yield of 2.28% is in the lower quartile for the Specialized REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

IRM

3.15%

Specialized REITs Industry

Max: 7.06%
Q3: 5.09%
Median: 4.51%
Q1: 3.18%
Min: 1.78%

IRM’s Dividend Yield of 3.15% is in the lower quartile for the Specialized REITs industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

EQIX vs. IRM: A comparison of their Dividend Yield (TTM) against the Specialized REITs industry benchmark.

Dividend Payout Ratio (TTM)

EQIX

133.04%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

EQIX’s Dividend Payout Ratio of 133.04% is within the typical range for the Specialized REITs industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

IRM

400.99%

Specialized REITs Industry

Max: 295.93%
Q3: 182.11%
Median: 119.31%
Q1: 65.42%
Min: 43.86%

At 400.99%, IRM’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the Specialized REITs industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

EQIX vs. IRM: A comparison of their Dividend Payout Ratio (TTM) against the Specialized REITs industry benchmark.

Dividend at a Glance

Symbol	EQIX	IRM
Dividend Yield (TTM)	2.28%	3.15%
Dividend Payout Ratio (TTM)	133.04%	400.99%

Valuation

Price-to-Earnings Ratio (TTM)

EQIX

77.52

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

IRM

658.31

Specialized REITs Industry

Max: 85.59
Q3: 64.69
Median: 29.09
Q1: 18.22
Min: 8.79

The P/E Ratio is often not the primary metric for valuation in the Specialized REITs industry.

EQIX vs. IRM: A comparison of their Price-to-Earnings Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Sales Ratio (TTM)

EQIX

8.62

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

EQIX’s P/S Ratio of 8.62 aligns with the market consensus for the Specialized REITs industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

IRM

4.22

Specialized REITs Industry

Max: 14.35
Q3: 9.60
Median: 8.74
Q1: 5.61
Min: 1.63

In the lower quartile for the Specialized REITs industry, IRM’s P/S Ratio of 4.22 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

EQIX vs. IRM: A comparison of their Price-to-Sales Ratio (TTM) against the Specialized REITs industry benchmark.

Price-to-Book Ratio (MRQ)

EQIX

5.52

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

EQIX’s P/B Ratio of 5.52 is within the conventional range for the Specialized REITs industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

IRM

1,254.25

Specialized REITs Industry

Max: 11.33
Q3: 5.68
Median: 2.69
Q1: 1.81
Min: 0.71

At 1,254.25, IRM’s P/B Ratio is at an extreme premium to the Specialized REITs industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

EQIX vs. IRM: A comparison of their Price-to-Book Ratio (MRQ) against the Specialized REITs industry benchmark.

Valuation at a Glance

Symbol	EQIX	IRM
Price-to-Earnings Ratio (TTM)	77.52	658.31
Price-to-Sales Ratio (TTM)	8.62	4.22
Price-to-Book Ratio (MRQ)	5.52	1,254.25
Price-to-Free Cash Flow Ratio (TTM)	215.83	387.86