EQIX vs. WELL: Equinix vs. Welltower Stock Comparison

July 7, 2026

How do Equinix (EQIX) and Welltower (WELL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinix (EQIX) and Welltower (WELL) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but EQIX is classified in Specialized REITs while WELL is classified in Health Care REITs.

Both Equinix (EQIX) and Welltower (WELL) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Company profile comparison for Equinix (EQIX) and Welltower (WELL)
Profile Item	EQIX	WELL
Name	Equinix, Inc.	Welltower 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	Health Care REITs
GICS Sub-Industry	Data Center REITs	Health Care REITs
Market Capitalization	98.51 billion USD	164.26 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	August 11, 2000	March 19, 1980
Security Type	REIT	REIT

Price Performance

Cumulative Growth

EQIX

WELL

GSPC

Equinix (EQIX) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: 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 Welltower (WELL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinix (EQIX) and Welltower (WELL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Total Return (1Y)	29.80%	54.66%
Total Return (3Y, Annualized)	10.85%	45.55%
Total Return (5Y, Annualized)	6.11%	25.32%

Risk Profile

Drawdown History

EQIX

WELL

GSPC

Equinix (EQIX) vs. Welltower (WELL), with S&P 500 (GSPC) for reference: 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 Welltower (WELL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Volatility (1Y, Annualized)	22.76%	22.28%
Beta (5Y)	0.99	0.77
Max Drawdown (5Y)	-41.77%	-40.78%
Avg. Volume (3M)	587.96K	3.41M

Risk-Adjusted Performance

Risk-Return Positioning

EQIX and WELL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Sharpe Ratio (1Y)	1.14	2.28
Sortino Ratio (1Y)	1.92	3.45

Profitability

ROE (TTM)

Equinix (EQIX) at 10.06% sits in the top ROE quartile, while Welltower (WELL) at 3.67% is closer to the peer norm — stronger capital efficiency for EQIX.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

10.06%

Max: 21.85%
EQIX: 10.06%
Q3: 9.86%
Median: 5.86%
Q1: 1.38%
Min: -9.66%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.67%

Max: 21.85%
Q3: 9.86%
Median: 5.86%
WELL: 3.67%
Q1: 1.38%
Min: -9.66%

Equinix (EQIX) vs. Welltower (WELL): A comparison of their ROE against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Net Margin (TTM)

Neither Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) and Welltower (WELL) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
ROE (TTM)	10.06%	3.67%
ROA (TTM)	3.50%	0.74%
Net Margin (TTM)	--	--
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Equinix (EQIX) vs. Welltower (WELL): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Revenue Growth (YoY)	5.36%	35.82%
Revenue Growth (3Y CAGR)	8.27%	22.69%

EPS Growth

Equinix (EQIX) vs. Welltower (WELL): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
EPS Growth (YoY)	--	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

Both Equinix (EQIX) at 1.18 and Welltower (WELL) at 1.65 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.18

Max: 4.00
Q3: 1.93
EQIX: 1.18
Median: 0.98
Q1: 0.46
Min: 0.08

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.65

Max: 4.00
Q3: 1.93
WELL: 1.65
Median: 0.98
Q1: 0.46
Min: 0.08

Equinix (EQIX) vs. Welltower (WELL): A comparison of their current ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Debt / Equity (MRQ)

Welltower (WELL) at 0.44 keeps leverage in the lower quartile, while Equinix (EQIX) at 1.63 sits in the higher-leverage quartile.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.63

Max: 2.53
EQIX: 1.63
Q3: 1.51
Median: 1.04
Q1: 0.77
Min: 0.19

WELL

Equity Real Estate Investment Trusts (REITs) industry group

0.44

Max: 2.53
Q3: 1.51
Median: 1.04
Q1: 0.77
WELL: 0.44
Min: 0.19

Equinix (EQIX) vs. Welltower (WELL): A comparison of their debt-to-equity ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Current Ratio (MRQ)	1.18	1.65
Debt / Equity (MRQ)	1.63	0.44
Net Debt / EBITDA	5.13	5.11

Dividends

Dividend Yield (TTM)

Both Equinix (EQIX) at 1.92% and Welltower (WELL) at 1.25% offer bottom-quartile dividend income relative to share price versus industry peers.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

1.92%

Max: 8.88%
Q3: 5.56%
Median: 4.01%
Q1: 3.15%
EQIX: 1.92%
Min: 0.00%

WELL

Equity Real Estate Investment Trusts (REITs) industry group

1.25%

Max: 8.88%
Q3: 5.56%
Median: 4.01%
Q1: 3.15%
WELL: 1.25%
Min: 0.00%

Equinix (EQIX) vs. Welltower (WELL): A comparison of their dividend yield against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Dividend Payout Ratio (TTM)

An earnings-based payout ratio fits neither Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) nor Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Dividend metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
Dividend Yield (TTM)	1.92%	1.25%
Dividend Payout Ratio (TTM)	--	--

Valuation

P/E Ratio (TTM)

P/E ratio is not a meaningful valuation yardstick for either Equinix (EQIX) in Equity Real Estate Investment Trusts (REITs) or Welltower (WELL) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

P/S Ratio (TTM)

Both Equinix (EQIX) at 10.34 and Welltower (WELL) at 13.96 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

10.34

Max: 15.51
EQIX: 10.34
Q3: 8.88
Median: 6.59
Q1: 3.75
Min: 0.82

WELL

Equity Real Estate Investment Trusts (REITs) industry group

13.96

Max: 15.51
WELL: 13.96
Q3: 8.88
Median: 6.59
Q1: 3.75
Min: 0.82

Equinix (EQIX) vs. Welltower (WELL): A comparison of their P/S ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Welltower (WELL) at 3.74 sits in the upper P/B ratio quartile, and Equinix (EQIX) at 6.89 prices even higher, above its industry range.

EQIX

Equity Real Estate Investment Trusts (REITs) industry group

6.89

EQIX: 6.89
Max: 4.82
Q3: 2.67
Median: 1.78
Q1: 1.20
Min: 0.35

WELL

Equity Real Estate Investment Trusts (REITs) industry group

3.74

Max: 4.82
WELL: 3.74
Q3: 2.67
Median: 1.78
Q1: 1.20
Min: 0.35

Equinix (EQIX) vs. Welltower (WELL): A comparison of their P/B ratio against the Equity Real Estate Investment Trusts (REITs) industry group benchmark.

Valuation Metrics

Valuation metrics for Equinix (EQIX) and Welltower (WELL)
Metric	EQIX	WELL
P/E Ratio (TTM)	--	--
P/S Ratio (TTM)	10.34	13.96
P/B Ratio (MRQ)	6.89	3.74
Free Cash Flow Yield (TTM)	--	--