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EQUINIX INC

EQIX

$1052.50 ▼ -4.26 (-0.40%) at close

19 Visible periods

36 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

EQUINIX INC shows strong fundamentals with top-quartile Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $103.0B

Dividend Yield 1.78%

Revenue Growth 5.4% ↘

Op. Margin 20.0% ↗

ROIC None

FCF / Share None

Trailing P/E 76.3x

Price / Book 7.3x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 6, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$9.22B

↑ +5.4% —

Net Income Profit after all expenses

$1.35B

↑ +65.6% —

Operating Margin Operating profit as % of sales

20.0%

↑ +32.1% 75th

Long-Term Debt Long-term obligations

$15.33B

↑ +10.8% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Dividend History

Dividend / share · sourced from SEC filings

$18.76 Latest / share

+10.1% YoY

+24.5% 12-yr CAGR

$1.69

FY 2014

$1.69

FY 2015

$1.75

FY 2016

$2.00

FY 2017

$9.12

FY 2018

$9.84

FY 2019

$10.64

FY 2020

$11.48

FY 2021

$12.40

FY 2022

$14.49

FY 2023

$17.04

FY 2024

$18.76

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	5.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7%)	6.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	12.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+155%)	9.5% Fair → Fair Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+89%)	10.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+112%)	7.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	9.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+93%)	16.1% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+222%)	20.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+319%)	32.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+550%)	11.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+131%)	13.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+170%)	13.6% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+171%)	18.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+260%)	31.7% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+533%)	38.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+666%)	25.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+405%)	—	—
EPS Growth YoY (%)	61.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-17.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	34.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	38.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	32.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-30.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	31.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	51.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	67.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-44.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-36.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	71.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	109.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-53.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-38.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	65.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-15.9% Weak ↓ Weak Declining Year-over-year change in net income	37.6% Excellent ↑ Excellent Improving Year-over-year change in net income	40.8% Excellent ↑ Excellent Improving Year-over-year change in net income	35.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-27.1% Weak ↓ Weak Declining Year-over-year change in net income	38.9% Excellent ↑ Excellent Improving Year-over-year change in net income	56.8% Excellent ↑ Excellent Improving Year-over-year change in net income	83.7% Excellent Excellent Year-over-year change in net income	-32.5% Weak Weak Year-over-year change in net income	N/M	N/M	-34.5% Weak ↓ Weak Declining Year-over-year change in net income	53.9% Excellent ↑ Excellent Improving Year-over-year change in net income	154.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-46.9% Weak Weak Year-over-year change in net income	-35.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	8.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.7% Fair → Fair Stable Compound annual revenue growth over 3 years	10.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	23.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	21.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	18.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.0% Good ↓ Good Declining Compound annual revenue growth over 3 years	20.8% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	29.0% Excellent Excellent Compound annual revenue growth over 3 years	31.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	9.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	9.5% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.9% Excellent → Excellent Stable Compound annual revenue growth over 5 years	18.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	18.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	17.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	22.6% Excellent Excellent Compound annual revenue growth over 5 years	25.0% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	21.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	15.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	34.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	8.4% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	6.7% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	11.7% Good ↓ Good Declining Compound annual EPS growth over 3 years	49.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	12.1% Good ↑ Good Improving Compound annual EPS growth over 3 years	—	-1.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	2.6% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	—	31.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.7% Excellent Excellent Compound annual EPS growth over 3 years	-15.4% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	20.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	15.2% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	17.6% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	16.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	16.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	17.6% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	21.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	19.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	18.5% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	17.1% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	20.8% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	20.8% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	21.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	21.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	19.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	16.0% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	20.5% Good Good Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	10.4% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	—
Effective Tax Rate (%) (%)	10.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.5% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.3% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.8% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.4% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	407.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.4% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
Profit Margin (%) (%)	14.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-41%)	9.3% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	11.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	9.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	7.5% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	6.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-75%)	9.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	7.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	5.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	3.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	6.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	-10.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	4.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	7.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	5.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	3.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	7.9% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	15.3% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.8% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.9% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.3% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.4% Caution Caution Operating profit relative to total assets Optimal: > 10%	6.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+19%)	6.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	7.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	6.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	4.6% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	3.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-57%)	5.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	5.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	3.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-57%)	2.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-64%)	6.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	-11.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-243%)	3.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-52%)	6.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	4.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	2.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	5.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-27%)	11.8% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+47%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	—	1.13x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+13%)	1.11x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+11%)	1.12x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+12%)	1.08x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	1.00x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.18x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	1.37x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+37%)	1.24x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	1.22x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+22%)	—	—	1.33x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+33%)	1.05x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.38x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+38%)	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$-1.73B	$12.25B	$11.74B	$10.97B	$10.19B	$9.03B	$8.53B	$9.28B	$7.06B	$4.56B	$-2.23B	$-610.92M	$3.01B	$2.20B	$2.42B	$-442.84M	$-346.06M	$-220.21M	$-290.63M
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$94.16	$91.64	$87.47	$79.32	$73.92	$68.40	$66.11	$63.57	$56.84	$51.51	$47.17	$46.67	$43.54	$39.49	$34.22	$27.90	$22.93	$18.98	—
Basic EPS, GAAP (USD)	$13.79	$8.54	$10.35	$7.69	$5.57	$4.22	$6.03	$4.58	$3.03	$1.81	$3.25	$-4.96	$1.92	$3.01	$1.76	$0.84	$1.80	$2.91	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$18.76	$17.04	$14.49	$12.40	$11.48	$10.64	$9.84	$9.12	$2.00	$1.75	$1.69	$1.69	—	—	—	—	—	—	—
Book Value per Share (USD)	$144.12	$139.05	$132.19	$124.23	$120.15	$119.30	$103.63	$89.43	$86.66	$61.14	$44.21	$40.21	$49.59	$47.88	$41.83	$40.73	$30.08	$24.69	—
Tangible Book Value per Share (USD)	$83.20	$82.48	$71.46	$63.18	$60.84	$57.91	$47.58	$29.52	$30.85	$19.32	$27.09	$22.46	$28.57	$22.37	$20.08	$20.69	$19.09	$24.69	—
Basic Weighted Avg Shares (shares)	97.88M	95.46M	93.61M	91.57M	89.77M	87.70M	84.14M	79.78M	76.85M	70.12M	57.79M	52.36M	49.44M	48.00M	46.96M	43.74M	38.49M	37.12M	—
Dividend Payout Ratio (%)	136.0% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	199.5% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	199.1% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	66.0% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	96.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	52.0% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	-34.1% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$1.23B	$2.10B	$405.45M	$1.47B	$1.35B	$584.40M	$714.75M	$611.00K	$1.01B	$438.83M	$1.60B	$847.19M	$342.16M	$100.46M	$510.50M	$459.93M	$412.43M	—	—
LT Debt (USD)	—	$15.33B	$13.84B	$12.88B	$11.72B	$10.63B	$10.40B	$9.89B	$8.47B	$5.31B	—	—	$3.27B	$2.45B	$2.70B	—	—	—	—
Total Equity (USD)	$14.16B	$13.53B	$12.49B	$11.51B	$10.88B	$10.63B	$8.84B	$7.22B	$6.85B	$4.37B	$2.75B	$2.27B	$2.46B	$2.34B	$1.95B	$1.88B	$1.18B	$916.66M	$861.99M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$9.22B	$8.75B	$8.19B	$7.26B	$6.64B	$6.00B	$5.56B	$5.07B	$4.37B	$3.61B	$2.73B	$2.44B	$2.15B	$1.90B	$1.61B	$1.22B	$882.51M	$704.68M	—
Depreciation Expense (USD)	$2.05B	$2.01B	$1.85B	$1.74B	$1.66B	$1.42B	$1.28B	$1.23B	$1.04B	$837.21M	$525.58M	$481.69M	$432.73M	$389.50M	$347.67M	$260.18M	$167.97M	$152.44M	—
Net Income, GAAP (USD)	$1.35B	$815.00M	$969.18M	$704.35M	$500.19M	$369.78M	$507.45M	$365.36M	$232.98M	$126.80M	$187.77M	$-259.55M	$94.69M	$144.67M	$94.00M	$36.88M	$69.43M	$107.92M	—
Operating Cash Flow (USD)	$3.91B	$3.25B	$3.22B	$2.96B	$2.55B	$2.31B	$1.99B	$1.82B	$1.44B	$1.02B	$894.79M	$689.42M	$604.61M	$632.03M	$587.61M	$392.87M	$355.49M	$267.56M	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Feb 19, 2015 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
FFO (approx.) (USD)	$3.40B	$2.82B	$2.81B	$2.44B	$2.16B	$1.79B	$1.79B	$1.59B	$1.28B	$964.01M	$713.35M	$222.14M	$527.42M	$534.16M	$441.68M	$297.06M	—	—	—
FFO per Share (approx.) (USD)	$34.74	$29.58	$30.06	$26.65	$24.02	$20.45	$21.30	$19.97	$16.60	$13.75	$12.34	$4.24	$10.67	$11.13	$9.41	$6.79	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 72 quarters

EQUINIX INC

Analytical Summary

19-Year Financial Trajectory

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