Equinix (EQIX) vs. Prologis (PLD)
This page compares Equinix (EQIX) with Prologis (PLD) using historical performance, profitability, financial strength, growth, dividend, and valuation metrics.
Company Profile
Equinix (EQIX) and Prologis (PLD) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but EQIX is classified in Specialized REITs while PLD is classified in Industrial REITs.
Both Equinix (EQIX, REIT) and Prologis (PLD, REIT) are distribution-oriented income vehicles — payout ratios and P/E should be read alongside FFO, distributable cash flow, or issuer-specific cash-flow measures.
| Symbol | EQIX | PLD |
|---|---|---|
| Company Name | Equinix, Inc. | Prologis, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Real Estate | Real Estate |
| GICS Industry Group | Equity Real Estate Investment Trusts (REITs) | Equity Real Estate Investment Trusts (REITs) |
| GICS Industry | Specialized REITs | Industrial REITs |
| GICS Sub-Industry | Data Center REITs | Industrial REITs |
| Market Capitalization | 106.36 billion USD | 134.84 billion USD |
| Currency | USD | USD |
| Exchange | NasdaqGS | NYSE |
| Listing Date | August 11, 2000 | November 21, 1997 |
| Security Type | REIT | REIT |
Historical Performance
Historical Performance at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| 5-Day Price Return | 1.79% | 2.92% |
| 13-Week Price Return | 17.47% | 4.02% |
| 26-Week Price Return | 37.11% | 16.64% |
| 52-Week Price Return | 25.52% | 38.18% |
| Month-to-Date Return | -0.41% | 1.84% |
| Year-to-Date Return | 40.76% | 13.29% |
| 10-Day Avg. Volume | 0.51M | 2.92M |
| 3-Month Avg. Volume | 0.61M | 3.50M |
| 3-Month Volatility | 18.03% | 20.09% |
| Beta | 1.00 | 1.36 |
Profitability
Return on Equity (TTM)
Both Equinix (EQIX) at 10.03% and Prologis (PLD) at 7.01% post Return on Equity (TTM) near their industry mid-ranges, so neither company stands out strongly from peers on this measure.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
10.03%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
PLD
Equity Real Estate Investment Trusts (REITs) industry group
7.01%
- Max
- 22.01%
- Q3
- 11.68%
- Median
- 6.89%
- Q1
- 3.22%
- Min
- -9.32%
Net Profit Margin (TTM)
Net Profit Margin (TTM) isn’t a meaningful figure for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
15.07%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
PLD
Equity Real Estate Investment Trusts (REITs) industry group
41.54%
- Max
- 70.59%
- Q3
- 34.78%
- Median
- 23.30%
- Q1
- 9.09%
- Min
- -22.16%
Operating Profit Margin (TTM)
Operating Profit Margin (TTM) isn’t a meaningful figure for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
20.86%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
PLD
Equity Real Estate Investment Trusts (REITs) industry group
38.24%
- Max
- 78.54%
- Q3
- 40.76%
- Median
- 25.94%
- Q1
- 14.42%
- Min
- -21.19%
Profitability at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| Return on Equity (TTM) | 10.03% | 7.01% |
| Return on Assets (TTM) | 3.60% | 3.78% |
| Net Profit Margin (TTM) | 15.07% | 41.54% |
| Operating Profit Margin (TTM) | 20.86% | 38.24% |
| Gross Profit Margin (TTM) | 51.14% | 74.43% |
Financial Strength
Current Ratio (MRQ)
Equinix (EQIX) at 1.18 keeps Current Ratio (MRQ) within its industry mid-range, while Prologis (PLD) at 0.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PLD.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.18
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
PLD
Equity Real Estate Investment Trusts (REITs) industry group
0.16
- Max
- 2.89
- Q3
- 1.41
- Median
- 0.74
- Q1
- 0.34
- Min
- 0.00
Debt-to-Equity Ratio (MRQ)
Prologis (PLD) at 0.65 maintains Debt-to-Equity Ratio (MRQ) in the lower-leverage quartile of industry peers, ahead of Equinix (EQIX) at 1.53, which sits around the industry mid-range.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.53
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
PLD
Equity Real Estate Investment Trusts (REITs) industry group
0.65
- Max
- 3.10
- Q3
- 1.71
- Median
- 1.05
- Q1
- 0.76
- Min
- 0.14
Interest Coverage Ratio (TTM)
Prologis (PLD) leads with Interest Coverage Ratio (TTM) of 7.44, above its industry benchmark range, while Equinix (EQIX) at 5.52 also ranks strongly in the top quartile.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
5.52
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
PLD
Equity Real Estate Investment Trusts (REITs) industry group
7.44
- Max
- 6.82
- Q3
- 3.66
- Median
- 2.50
- Q1
- 1.54
- Min
- -0.62
Financial Strength at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| Current Ratio (MRQ) | 1.18 | 0.16 |
| Quick Ratio (MRQ) | 1.18 | 0.16 |
| Debt-to-Equity Ratio (MRQ) | 1.53 | 0.65 |
| Interest Coverage Ratio (TTM) | 5.52 | 7.44 |
Growth
Revenue Growth
Revenue Growth at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| Revenue Growth (MRQ vs Prior YoY) | 9.84% | 7.39% |
| Revenue Growth (TTM vs Prior YoY) | 6.67% | 6.72% |
| 3-Year Revenue CAGR | 8.27% | 13.74% |
| 5-Year Revenue CAGR | 8.97% | 14.64% |
EPS Growth
EPS Growth at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| EPS Growth (MRQ vs Prior YoY) | 19.96% | 65.35% |
| EPS Growth (TTM vs Prior YoY) | 50.24% | -0.99% |
| 3-Year EPS CAGR | 21.49% | -5.68% |
| 5-Year EPS CAGR | 26.88% | 12.11% |
Dividend
Dividend Yield (TTM)
Both Equinix (EQIX) at 1.79% and Prologis (PLD) at 2.87% report Dividend Yield (TTM) in the bottom quartile of industry peers, indicating lower cash yield relative to share price than typical competitors.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
1.79%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
PLD
Equity Real Estate Investment Trusts (REITs) industry group
2.87%
- Max
- 8.57%
- Q3
- 5.38%
- Median
- 4.20%
- Q1
- 3.23%
- Min
- 0.06%
Dividend Payout Ratio (TTM)
Dividend Payout Ratio (TTM) isn’t a meaningful figure for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
134.11%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
PLD
Equity Real Estate Investment Trusts (REITs) industry group
105.78%
- Max
- 264.79%
- Q3
- 154.23%
- Median
- 110.31%
- Q1
- 77.71%
- Min
- 0.00%
Dividend at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| Dividend Yield (TTM) | 1.79% | 2.87% |
| Dividend Payout Ratio (TTM) | 134.11% | 105.78% |
Valuation
Price-to-Earnings Ratio (TTM)
Price-to-Earnings Ratio (TTM) isn’t a meaningful figure for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Prologis (PLD) in Equity Real Estate Investment Trusts (REITs) under our convention.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
74.79
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
PLD
Equity Real Estate Investment Trusts (REITs) industry group
36.91
- Max
- 62.52
- Q3
- 38.29
- Median
- 28.27
- Q1
- 21.86
- Min
- 1.10
Price-to-Sales Ratio (TTM)
Both Equinix (EQIX) at 11.27 and Prologis (PLD) at 15.33 trade in the higher-multiple quartile for Price-to-Sales Ratio (TTM) among industry peers, indicating higher trailing revenue multiples than typical peers.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
11.27
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
PLD
Equity Real Estate Investment Trusts (REITs) industry group
15.33
- Max
- 15.33
- Q3
- 9.12
- Median
- 6.96
- Q1
- 3.47
- Min
- 0.75
Price-to-Book Ratio (MRQ)
Prologis (PLD) at 2.30 hovers around the typical industry Price-to-Book Ratio (MRQ), while Equinix (EQIX) at 6.76 sits above its industry benchmark range — an elevated book-value multiple for EQIX relative to peers.
EQIX
Equity Real Estate Investment Trusts (REITs) industry group
6.76
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
PLD
Equity Real Estate Investment Trusts (REITs) industry group
2.30
- Max
- 3.43
- Q3
- 2.78
- Median
- 1.80
- Q1
- 1.32
- Min
- 0.22
Valuation at a Glance
| Symbol | EQIX | PLD |
|---|---|---|
| Price-to-Earnings Ratio (TTM) | 74.79 | 36.91 |
| Price-to-Sales Ratio (TTM) | 11.27 | 15.33 |
| Price-to-Book Ratio (MRQ) | 6.76 | 2.30 |
| Price-to-Free Cash Flow Ratio (TTM) | 297.92 | 120.73 |