Companies / Real Estate
EQIX
Equinix
Data Center REITs
Data Center REITsAnalysis in progress
In progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health53
Growth48
Profitability65
Cash generationn/a
Balance sheetn/a
Dilution control47
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)11.0%Revenue growth (FY)5.4%Revenue CAGR (3y)8.3%Gross margin51.1%Operating margin20.0%Net margin14.6%Free cash flow margin-4.3%R&D / revenue—Stock comp / revenue5.4%Net debt / operating cash flow—Current ratio1.32Diluted share count change2.4%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $6.6B | $7.3B | $8.2B | $8.7B | $9.2B |
| Gross profit | $3.2B | $3.5B | $4.0B | $4.3B | $4.7B |
| Operating income | $1.1B | $1.2B | $1.4B | $1.3B | $1.8B |
| Net income | $500M | $705M | $969M | $815M | $1.4B |
| Operating cash flow | $2.5B | $3.0B | $3.2B | $3.2B | $3.9B |
| Capital expenditure | $2.8B | $2.3B | $2.8B | $3.1B | $4.3B |
| Free cash flow | -$204M | $685M | $436M | $183M | -$400M |
| Stock-based comp | $364M | $404M | $407M | $462M | $498M |
| Dividends | $1.0B | $1.2B | $1.4B | $1.6B | $1.9B |
| Cash | $1.5B | $1.9B | $2.1B | $3.1B | $1.7B |
| Total debt | $11.7B | $12.9B | $13.8B | $15.3B | — |
| Equity | $10.9B | $11.5B | $12.5B | $13.5B | $14.2B |
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