Equinix Inc. (EQIX)

NASDAQ: EQIX · USD

$1,010

+10.99 (+1.1%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: EQIX rated Reduce

Equinix Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$879 / share

Potential value

$1,050 / share

Upside to FV

-16.2%

from $1,010

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$103.4B
Revenue (ttm)	9.9B
Net income (ttm)	1.5B
EPS (ttm)	$15.5
Shares out	98.7M
P/E (trailing)	65.0x
P/E (forward)	54.5x
Dividend	$20.6 (2.05%)
Volume	565,521
Beta	0.97

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 9.9B
Net income (ttm): 1.5B
EPS (ttm): $15.5
P/E (trailing): 65.0x
P/E (forward): 54.5x
Market cap: $103.4B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$7.26B	$8.19B	$8.75B	$9.22B	+8.3%
Gross profit	$3.51B	$3.96B	$4.28B	$4.71B	+10.3%
Operating income	$1.19B	$1.53B	$1.43B	$2.04B	+19.8%
Net income	$705.0M	$969.0M	$815.0M	$1.35B	+24.2%
EPS (diluted)	$7.67	$10.31	$8.50	$13.76	+21.5%
EBITDA	$2.92B	$3.37B	$3.44B	$4.10B	+12.0%
R&D	—	—	—	—	—
SG&A	$2.29B	$2.51B	$2.66B	$2.74B	+6.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	비중 축소
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	보유
CCI	Crown Castle Inc.	37.4B	46.3x	9.1x	5.1%	-7.9%	-6.2%	매도
CPT	Camden Property Trust	10.3B	32.3x	6.6x	3.2%	+7.7%	-0.6%	매수
DLR	Digital Realty Trust, Inc.	68B	86.6x	10.0x	2.4%	+9.3%	+3.7%	매도
DOC	Healthpeak Properties, Inc.	13B	53.8x	4.4x	2.5%	+10.5%	+3.0%	적극 매수

Base and Bull scenarios

Bull20%

Price target

$1,049.69

+0.1% from spot

Surging AI and digital transformation workloads drive premium pricing and high occupancy, accelerating AFFO growth as major build-outs reach maturity and capital intensity eventually normalizes.

Terminal multiple expands to 20x on AI-driven leasing.
Capex normalization accelerates free cash flow conversion.

Base60%

Price target

$878.96

-16.2% from spot

Equinix continues to dominate carrier-neutral colocation, supporting a wide moat. Heavy capital reinvestments are properly captured via a 90% NAV/AFFO weighting and a capped 18x terminal multiple.

Terminal multiple anchors firmly at 18x.
Revenue growth fades smoothly from 11% down to a 2.5% terminal rate.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to composite fair-value midpoint ($878.96). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
6.7%	$1,048	$1,160	$1,299	$1,474	$1,538
7.7%	$879	$956	$1,048	$1,160	$1,299
8.7%	$757	$813	$879	$956	$1,048
9.7%	$664	$708	$757	$813	$879
10.7%	$592	$626	$664	$708	$757

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E54.5

P25 n/aP50 n/aP75 n/a

Trailing P/E72.5

P25 n/aP50 n/aP75 n/a

ROE10.7

P25 n/aP50 n/aP75 n/a

ROIC5.6

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All EQIX indicators

Market & fundamental data

Available fields

265

Groups with data

Currency

USD

Showing 265 of 265 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001101239
Company name	Equinix, Inc.
Country	United States
Country code	US
CUSIP number	29444U700
Earnings date	2026-10-28
Earnings time	amc
Employees	13,716
Employees change	110
Employees growth	0.81%
Enterprise value	$122.1B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1998
In index	SP500
Industry	REIT - Specialty
IPO date	2000-08-11
Is primary listing	Yes
Is SPAC	No
ISIN number	US29444U7000
Last 10-K release date	2026-02-11
Last earnings date	2026-10-28
Last refreshed	2026-10-28
Last stock split date	2002-12-31
Last stock split type	Reverse
Market cap	$99.7B
Market cap category	Large-Cap
Next earnings date	2027-02-10
Options	Yes
Price	$1,010.35
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	EQIX
U.S. state	California
Website	https://www.equinix.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	61.14x
Average P/E ratio (10Y)	117.43x
Average P/E ratio (3Y)	77.15x
Average P/E ratio (5Y)	90.37x
Earnings yield	1.54%
EV/Earnings	79.63x
EV/EBIT	51.83x
EV/EBITDA	26.89x
EV/Sales	12.33x
FCF / EV yield	-2.12%
FCF yield	-2.59%
Forward EV/Sales	11.35x
Forward P/E	57.99x
Forward P/S	9.27x
Graham number	225.82178
Graham upside	-77.65%
Industry forward P/E	37.13x
Industry P/E	37.98x
Lynch fair value	$388.74
Lynch upside	-61.52%
P/(OCF - SBC) ratio	29.23x
P/B ratio	6.86x
P/E ratio	64.98x
P/OCF ratio	25.29x
P/S ratio	10.07x
PEG ratio	3.93x
Price / tangible book value	13.72x
Price/EBITDA ratio	21.96x
Sector forward P/E	29.99x
Sector P/E	40.99x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	23.78%
EBITDA margin	45.84%
Effective tax rate	10.26%
Gross margin	51.98%
Operating margin	23.78%
Pretax margin	17.22%
Profit margin	15.48%
Profit per employee	$111,767
Profitable quarters	6
Profitable years	11
Revenue per employee	$722,076
ROA	3.68%
ROA (5Y)	2.62%
ROCE	6.32%
ROE	10.73%
ROE (5Y)	7%
ROIC	5.61%
ROIC (5Y)	3.9%
SBC / revenue	5.36%
Tax / revenue	1.77%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	52.13%
EPS growth (Q)	28.8%
EPS growth (QoQ)	15%
EPS growth 10Y	31.48%
EPS growth 3Y	21.49%
EPS growth 5Y	32.54%
EPS growth quarters	6
EPS growth years	1
Net income growth	54.23%
Net income growth (Q)	30.16%
Net income growth (QoQ)	15.42%
Net income growth 3Y	23.87%
Net income growth 5Y	34.96%
Net income growth quarters	6
Net income growth years	1
OCF growth	12.89%
OCF growth (Q)	13.03%
OCF growth (QoQ)	48.81%
OCF growth 10Y	16.82%
OCF growth 3Y	9.37%
OCF growth 5Y	12.28%
Revenue growth	10.9%
Revenue growth (Q)	16.67%
Revenue growth (QoQ)	7%
Revenue growth 10Y	12.14%
Revenue growth 3Y	10.1%
Revenue growth 5Y	11.17%
Revenue growth quarters	103
Revenue growth years	26

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-6.5B
EBIT	$2.4B
EBITDA	$4.5B
EPS	$15.55
FCF per share	$-26.18
Financing cash flow	$60M
Free cash flow	$-2.6B
Free cash flow minus SBC	$-3.1B
Funds from operations (FFO)	$2.9B
Gross profit	$5.1B
Income taxes	$175M
Investing cash flow	$-6.7B
Net cash flow	$-2.7B
Net income	$1.5B
Operating cash flow minus SBC	$3.4B
Operating income	$2.4B
Revenue	$9.9B
Stock-based compensation	$531M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$145.76
Debt / EBITDA	4.8
Debt / equity	1.62
Goodwill	$5.9B
Interest coverage	4.72
Net cash (debt)	$-22.4B
Net cash / market cap	-22.45%
Net debt / EBITDA	4.93
Net debt / equity	1.55
Piotroski F-Score	4
Property, plant and equipment	$26.5B
Shareholders' equity	$14.4B
Tangible book value	$7.3B
Tangible book value per share	$73.64
Total assets	$41.1B
Total cash	$979M
Total debt	$23.4B
Total liabilities	$26.7B
WACC	8.13%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.25
Current ratio	1.13
Net working capital	$1B
Quick ratio	0.61
Working capital	$492M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.41%
Dividend growth	10.04%
Dividend growth (10Y)	11.26%
Dividend growth (3Y)	14.8%
Dividend growth (5Y)	12.35%
Dividend growth years	9
Dividend payment date	2026-09-16
Dividend payment years	13
Dividend payout frequency	Quarterly
Dividend per share	$20.64
Dividend yield	2.05%
Ex-dividend date	2026-08-19
Last dividend	$5.16
Payout ratio	132.74%
Shareholder yield	0.63%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	184.37%
10Y return CAGR	13.18%
10Y total return	244.97%
150-day SMA	$1,045.29
15Y price change	884.66%
15Y return CAGR	18.92%
15Y total return	1,245.23%
1D price change	1.1%
1M price change	-0.83%
1M total return	-0.83%
1W price change	1.24%
1W total return	1.24%
1Y price change	18.62%
1Y return CAGR	21.18%
1Y total return	21.16%
20-day SMA	$1,002.03
200-day SMA	$1,008.45
20Y price change	1,352.45%
20Y return CAGR	16.11%
20Y total return	1,884.33%
3M price change	-4.5%
3M total return	-4.04%
3Y price change	40.73%
3Y return CAGR	14.46%
3Y total return	49.96%
50-day SMA	$1,024.30
50-day SMA vs 200-day SMA	50over200
52-week high	$1,128.68
52-week high date	2026-04-24
52-week low	$720.62
52-week low date	2025-12-04
5Y price change	21.21%
5Y return CAGR	6.01%
5Y total return	33.9%
6M price change	-8.27%
6M total return	-7.38%
All-time high	$1,128.68
All-time high date	2026-04-24
All-time low	$2.00
All-time low date	2003-01-28
Average true range (ATR)	$28.37
Average volume	517.5K
Beta (1Y)	0.34
Beta (2Y)	0.55
Beta (5Y)	0.97
Change from 52-week high	-10.48%
Change from 52-week low	40.21%
Change from all-time high	-11.43%
Change from all-time low	49,886%
Change from open	0.5%
Day's gap	0.59%
Dollar volume	$571.4M
High price	$1,011.17
Low price	$995.97
Monthly RSI	57.9
Open price	$1,005.28
Position in 52-week range	94.61%
Premarket change	0.56%
Premarket close	$999.38
Premarket price	$1,005.00
Previous close	$999.38
Price vs 150-day SMA	-4.36%
Price vs 20-day SMA	-0.23%
Price vs 200-day SMA	-0.87%
Price vs 50-day SMA	-2.4%
Relative volume	1.09
RSI	49.01
Sharpe ratio	0.71
Sharpe ratio (3Y)	0.52
Sharpe ratio (5Y)	0.23
Sortino ratio	1.4
Sortino ratio (3Y)	1
Sortino ratio (5Y)	0.55
Volume	565.5K
Weekly RSI	48.46
YTD price change	30.48%
YTD total return	32.47%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	98.3M
Float percentage	99.61%
Shares change (QoQ)	0.41%
Shares change (YoY)	1.41%
Shares held by insiders	0.28%
Shares held by institutions	99.66%
Shares outstanding	98.7M
Short % of float	1.65%
Short % of shares	1.64%
Short ratio	3 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	136

Deeper analysis on EQIX

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this EQIX report

What is the latest published EQIX stock rating?

Equinix Inc. is shown with Reduce in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full EQIX analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/EQIX/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for EQIX?

The latest published report analyzed 2026-05-20 gives EQIX a fair value of USD 879 and a potential value of USD 1,050. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the EQIX page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceEQIX · Fair value $879-16.2%

Read full analysis →

Equinix Inc. (EQIX)

Our latest published analysis: EQIX rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · EQIX

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All EQIX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on EQIX

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	3.0
Management	5.8
Balance Sheet	3.5
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	3.5