Equinix, Inc. (EQIX) 10-Year Financial Performance & Capital Metrics

EQIX • • REIT / Real Estate

Real EstateSpecialty REITsCommunications InfrastructureData Center REITs

AboutEquinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today's businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.Show more

Revenue $8.75B +6.8%
FFO $2.82B +0.3%
FFO/Share 29.47 -1.6%
FFO Payout 58.18% +19.1%
FFO per Share 29.47 -1.6%
NOI Margin 48.94% +1.2%
FFO Margin 32.28% -6.1%
ROE 6.25% -22.5%
ROA 2.41% -21.8%
Debt/Assets 54.04% +1.1%
Net Debt/EBITDA 4.76 +1.9%
Book Value/Share 141.42 +6.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 58.2%
✓Healthy dividend yield of 2.1%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y13.6%

5Y9.48%

3Y9.65%

TTM5.36%

Profit (Net Income) CAGR

10Y-

5Y9.94%

3Y17.67%

TTM1.37%

EPS CAGR

10Y-

5Y7.25%

3Y15.41%

TTM-1.53%

ROCE

10Y Avg5.25%

5Y Avg4.5%

3Y Avg4.57%

Latest4.34%

Peer Comparison

Data Center REITs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IRMIron Mountain Incorporated	27.39B	92.67	151.92	12.22%	2.4%	220.76%
EQIXEquinix, Inc.	78.73B	801.82	94.33	6.84%	11.82%	7.55%	0.23%	1.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	2.73B	3.61B	4.37B	5.07B	5.56B	6B	6.64B	7.26B	8.19B	8.75B
Revenue Growth %	0.12%	0.33%	0.21%	0.16%	0.1%	0.08%	0.11%	0.09%	0.13%	0.07%
Property Operating Expenses	1.29B	1.82B	2.19B	2.61B	2.81B	3.07B	3.47B	3.75B	4.23B	4.47B
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	867.02M	1.17B	1.37B	1.49B	1.58B	1.87B	2.05B	2.31B	2.52B	2.95B
G&A Expenses	825.3M	1.13B	1.33B	1.46B	1.59B	1.81B	2.04B	2.29B	2.51B	2.66B
EBITDA+	1.09B	1.46B	1.85B	2.2B	2.45B	2.48B	2.76B	2.94B	3.29B	3.34B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	525.58M	837.21M	1.04B	1.23B	1.28B	1.42B	1.66B	1.74B	1.84B	2.01B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	567.34M	618.74M	809.01M	977.38M	1.17B	1.05B	1.11B	1.2B	1.44B	1.33B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	299.06M	392.16M	478.7M	521.49M	479.68M	406.47M	336.08M	356M	402M	457M
Interest Coverage	1.90x	1.58x	1.69x	1.87x	2.44x	2.59x	3.30x	3.37x	3.59x	2.91x
Non-Operating Income	57.29M	66.72M	43.48M	22.85M	-2.65M	130.24M	163.13M	15M	-83M	-104M
Pretax Income+	211M	159.86M	286.83M	433.04M	692.6M	516.23M	608.95M	829M	1.12B	975M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	23.22M	45.45M	53.85M	67.68M	185.35M	146.15M	109.22M	124M	155M	161M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	187.77M	126.8M	232.98M	365.36M	507.45M	369.78M	500.19M	704.35M	969.18M	815M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.72%	-0.32%	0.84%	0.57%	0.39%	-0.27%	0.35%	0.41%	0.38%	-0.16%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	2.21%	0.35%	0.32%	0.25%	0.13%	0%	0.2%	0.13%	0.15%	0%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	3.21	1.79	3.00	4.56	5.99	4.18	5.53	7.67	10.31	8.50
EPS Growth %	1.65%	-0.44%	0.68%	0.52%	0.31%	-0.3%	0.32%	0.39%	0.34%	-0.18%
EPS (Basic)	3.25	1.81	3.03	4.58	6.03	4.22	5.57	7.69	10.35	8.54
Diluted Shares Outstanding	58.48M	70.82M	77.53M	80.2M	84.68M	88.41M	90.41M	91.83M	94.01M	95.83M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	10.36B	12.61B	18.7B	20.24B	23.97B	27.04B	27.92B	30.31B	32.65B	35.09B
Asset Growth %	0.32%	0.22%	0.48%	0.08%	0.18%	0.13%	0.03%	0.09%	0.08%	0.07%
Real Estate & Other Assets+	137.48M	163.99M	175.72M	464.95M	485.25M	546.55M	621.2M	983.36M	1.06B	1.48B
PP&E (Net)	5.61B	7.2B	9.39B	11.03B	13.63B	15.98B	16.73B	18.08B	20.05B	20.67B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	3.26B	1.47B	2.25B	1.52B	2.87B	2.61B	2.96B	3.31B	3.57B	5.45B
Cash & Equivalents	2.23B	748.48M	1.41B	606.17M	1.87B	1.6B	1.54B	1.91B	2.1B	3.08B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	641.38M	91.33M	48.44M	83.79M	247.59M	261.59M	420.97M	204.54M	69M	368M
Intangible Assets	224.56M	719.23M	2.38B	2.33B	2.1B	2.17B	1.94B	1.9B	1.71B	1.42B
Total Liabilities	7.61B	8.24B	11.84B	13.03B	15.13B	16.37B	17.04B	18.8B	20.14B	21.53B
Total Debt+	6.52B	6.76B	10.08B	11.33B	13.29B	13.92B	14.99B	16.47B	17.45B	18.96B
Net Debt	4.29B	6.01B	8.67B	10.73B	11.42B	12.32B	13.46B	14.56B	15.36B	15.88B
Long-Term Debt	4.28B	5.18B	8.32B	9.44B	9.6B	10.31B	11.57B	12.75B	12.72B	14.01B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	1.33B	1.51B	1.7B	1.52B	2.97B	3.39B	3.39B	3.71B	3.72B	3.75B
Total Current Liabilities+	1.66B	1.03B	1.24B	1.52B	2.16B	2.02B	1.61B	1.84B	3.16B	3.35B
Accounts Payable	49.89M	60.21M	101.74M	96.98M	52.23M	77.7M	84.08M	115.95M	162M	133M
Deferred Revenue	92.25M	94M	103.9M	93.57M	92.9M	118.37M	126.12M	147.99M	141M	139M
Other Liabilities	194.78M	244.71M	277.32M	372.24M	365.24M	657.54M	421.59M	254.17M	248M	271M
Total Equity+	2.75B	4.37B	6.85B	7.22B	8.84B	10.63B	10.88B	11.51B	12.51B	13.55B
Equity Growth %	0.21%	0.59%	0.57%	0.05%	0.22%	0.2%	0.02%	0.06%	0.09%	0.08%
Shareholders Equity	2.75B	4.37B	6.85B	7.22B	8.84B	10.63B	10.88B	11.51B	12.49B	13.53B
Minority Interest	0	0	0	0	-224K	130K	-318K	-134K	25M	24M
Common Stock	62K	72K	79K	81K	86K	89K	91K	93K	0	0
Additional Paid-in Capital	4.84B	7.41B	10.12B	10.75B	12.7B	15.03B	15.98B	17.32B	18.6B	20.89B
Retained Earnings	-1.58B	-1.95B	-2.34B	-2.44B	-2.78B	-3.36B	-3.9B	-4.35B	-4.76B	-5.59B
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.03%	0.02%
Return on Equity (ROE)	0.07%	0.04%	0.04%	0.05%	0.06%	0.04%	0.05%	0.06%	0.08%	0.06%
Debt / Assets	0.63%	0.54%	0.54%	0.56%	0.55%	0.51%	0.54%	0.54%	0.53%	0.54%
Debt / Equity	2.38x	1.55x	1.47x	1.57x	1.50x	1.31x	1.38x	1.43x	1.39x	1.40x
Net Debt / EBITDA	3.93x	4.13x	4.68x	4.86x	4.65x	4.97x	4.87x	4.96x	4.67x	4.76x
Book Value per Share	46.94	61.65	88.34	90.02	104.40	120.28	120.36	125.30	133.11	141.42

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	894.79M	1.02B	1.44B	1.82B	1.99B	2.31B	2.55B	2.96B	3.22B	3.25B
Operating CF Growth %	0.3%	0.14%	0.41%	0.26%	0.1%	0.16%	0.1%	0.16%	0.09%	0.01%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	187.77M	126.8M	232.98M	365.36M	507.25M	370.07M	499.73M	704.58M	969.18M	814M
Depreciation & Amortization	528.93M	837.21M	1.03B	1.23B	1.29B	1.43B	1.66B	1.74B	1.84B	2.01B
Stock-Based Compensation	132.44M	155.57M	175.5M	180.72M	236.54M	294.95M	363.77M	403.98M	407.54M	462M
Other Non-Cash Items	34.23M	39.75M	32.42M	41.26M	32.66M	33.81M	51.63M	88.77M	71.54M	304M
Working Capital Changes	11.16M	-133.03M	-96.33M	-44.02M	-93.32M	32.17M	-132.73M	26.48M	-75.32M	-340M
Cash from Investing+	-1.13B	-2.05B	-5.4B	-3.08B	-1.94B	-3.43B	-3.01B	-3.36B	-3.22B	-3.94B
Acquisitions (Net)	-245.55M	-1.77B	-3.96B	-829.69M	-34.14M	-1.18B	-158.5M	-964.01M	0	0
Purchase of Investments	-359.03M	-42.33M	-57.93M	-65.18M	-20.52M	-127.76M	-107.53M	-144.64M	-135.88M	-520M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	-535.36M	823.46M	-47.32M	-170.26M	149.23M	134.22M	6.75M	1.63M	-307.46M	-3.42B
Cash from Financing+	1.87B	-897.07M	4.61B	470.91M	1.2B	815.53M	413.76M	856.77M	211.45M	1.72B
Dividends Paid	-521.46M	-499.46M	-621.5M	-738.6M	-836.16M	-947.93M	-1.04B	-1.15B	-1.37B	-1.64B
Common Dividends	-521.46M	-499.46M	-621.5M	-738.6M	-836.16M	-947.93M	-1.04B	-1.15B	-1.37B	-1.64B
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-18.07M	-22.81M	-66.37M	18.09M	-66.65M	-153.94M	-124.29M	63.81M	104.92M	72M
Net Change in Cash+	1.62B	-1.95B	677.45M	-823.1M	1.26B	-260.92M	-76.24M	358.79M	188.06M	986M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	610.92M	2.72B	773.25M	1.45B	627.6M	1.89B	1.63B	1.55B	1.91B	2.1B
Cash at End	2.23B	773.25M	1.45B	627.6M	1.89B	1.63B	1.55B	1.91B	2.1B	3.08B
Free Cash Flow+	26.67M	-94.01M	60.51M	-280.75M	-86.79M	27.32M	-204.31M	685.18M	435.58M	183M
FCF Growth %	-0.09%	-4.52%	1.64%	-5.64%	0.69%	1.31%	-8.48%	4.35%	-0.36%	-0.58%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	12.2	13.61	16.45	19.86	21.17	20.28	23.85	26.59	29.94	29.47
FFO Payout Ratio	73.1%	51.81%	48.73%	46.37%	46.65%	52.86%	48.36%	47.16%	48.83%	58.18%
NOI Margin	52.62%	49.59%	49.8%	48.63%	49.48%	48.75%	47.67%	48.36%	48.36%	48.94%
Net Debt / EBITDA	3.93x	4.13x	4.68x	4.86x	4.65x	4.97x	4.87x	4.96x	4.67x	4.76x
Debt / Assets	62.96%	53.61%	53.92%	55.98%	55.44%	51.49%	53.7%	54.34%	53.46%	54.04%
Interest Coverage	1.90x	1.58x	1.69x	1.87x	2.44x	2.59x	3.30x	3.37x	3.59x	2.91x
Book Value / Share	46.94	61.65	88.34	90.02	104.4	120.28	120.36	125.3	133.11	141.42
Revenue Growth	11.54%	32.51%	20.94%	16.1%	9.67%	7.85%	10.62%	9.46%	12.74%	6.84%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Recurring Revenues	-	-	-	-	5.24B	-	-	-	-	8.18B
Recurring Revenues Growth	-	-	-	-	-	-	-	-	-	-
Non-Recurring Revenues	-	-	-	-	323.95M	340.51M	415.05M	391.82M	443.4M	564M
Non-Recurring Revenues Growth	-	-	-	-	-	5.11%	21.89%	-5.60%	13.17%	27.20%
Co-Location	2.02B	2.65B	3.18B	3.67B	4.02B	4.26B	4.64B	5.08B	5.77B	-
Co-Location Growth	-	30.72%	20.06%	15.48%	9.59%	5.89%	9.00%	9.49%	13.45%	-
Interconnection	435.81M	543.04M	681.17M	801.97M	893.59M	1.02B	1.16B	1.27B	1.39B	-
Interconnection Growth	-	24.61%	25.44%	17.73%	11.42%	14.51%	13.51%	9.19%	9.94%	-
Managed Infrastructure	97.69M	210.29M	245.17M	279.63M	292.63M	337.35M	380.86M	415.51M	451.67M	-
Managed Infrastructure Growth	-	115.27%	16.59%	14.06%	4.65%	15.28%	12.90%	9.10%	8.70%	-
Other	-	-	-	24.73M	29.76M	38.43M	35.91M	104.89M	132.69M	-
Other Growth	-	-	-	-	20.33%	29.11%	-6.54%	192.09%	26.50%	-
Rental	10.68M	16.94M	15.63M	-	-	-	-	-	-	-
Rental Growth	-	58.63%	-7.73%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	1.51B	1.68B	4.17B	2.48B	2.59B	2.71B	3.02B	3.35B	3.62B	3.86B
Americas Growth	-	11.04%	148.22%	-40.45%	4.15%	4.64%	11.60%	10.84%	8.01%	6.76%
EMEA	698.81M	1.17B	1.35B	1.56B	1.81B	2B	2.16B	2.34B	2.84B	2.97B
EMEA Growth	-	67.62%	14.93%	16.07%	15.60%	10.52%	7.96%	8.72%	21.11%	4.55%
Asia Pacific	514.52M	761.1M	849.41M	1.02B	1.17B	1.29B	1.46B	1.57B	1.73B	1.92B
Asia Pacific Growth	-	47.92%	11.60%	20.59%	14.03%	10.82%	12.68%	7.69%	10.32%	10.75%

Frequently Asked Questions

Valuation & Price

Equinix, Inc. (EQIX) has a price-to-earnings (P/E) ratio of 94.3x. This suggests investors expect higher future growth.

Growth & Financials

Equinix, Inc. (EQIX) reported $9.06B in revenue for fiscal year 2024. This represents a 464% increase from $1.61B in 2011.

Equinix, Inc. (EQIX) grew revenue by 6.8% over the past year. This is steady growth.

Yes, Equinix, Inc. (EQIX) is profitable, generating $1.07B in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Yes, Equinix, Inc. (EQIX) pays a dividend with a yield of 2.14%. This makes it attractive for income-focused investors.

Equinix, Inc. (EQIX) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

Industry Metrics

Equinix, Inc. (EQIX) generated Funds From Operations (FFO) of $3.08B in the trailing twelve months. FFO is the primary profitability metric for REITs.

US Stock Screener

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Equinix, Inc. (EQIX) 10-Year Financial Performance & Capital Metrics

EQIX • • REIT / Real Estate

Real EstateSpecialty REITsCommunications InfrastructureData Center REITs

Revenue $8.75B +6.8%
FFO $2.82B +0.3%
FFO/Share 29.47 -1.6%
FFO Payout 58.18% +19.1%
FFO per Share 29.47 -1.6%
NOI Margin 48.94% +1.2%
FFO Margin 32.28% -6.1%
ROE 6.25% -22.5%
ROA 2.41% -21.8%
Debt/Assets 54.04% +1.1%
Net Debt/EBITDA 4.76 +1.9%
Book Value/Share 141.42 +6.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 58.2%
✓Healthy dividend yield of 2.1%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y13.6%

5Y9.48%

3Y9.65%

TTM5.36%

Profit (Net Income) CAGR

10Y-

5Y9.94%

3Y17.67%

TTM1.37%

EPS CAGR

10Y-

5Y7.25%

3Y15.41%

TTM-1.53%

ROCE

10Y Avg5.25%

5Y Avg4.5%

3Y Avg4.57%

Latest4.34%

Peer Comparison

Data Center REITs

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
IRMIron Mountain Incorporated	27.39B	92.67	151.92	12.22%	2.4%	220.76%
EQIXEquinix, Inc.	78.73B	801.82	94.33	6.84%	11.82%	7.55%	0.23%	1.40

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	2.73B	3.61B	4.37B	5.07B	5.56B	6B	6.64B	7.26B	8.19B	8.75B
Revenue Growth %	0.12%	0.33%	0.21%	0.16%	0.1%	0.08%	0.11%	0.09%	0.13%	0.07%
Property Operating Expenses	1.29B	1.82B	2.19B	2.61B	2.81B	3.07B	3.47B	3.75B	4.23B	4.47B
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	867.02M	1.17B	1.37B	1.49B	1.58B	1.87B	2.05B	2.31B	2.52B	2.95B
G&A Expenses	825.3M	1.13B	1.33B	1.46B	1.59B	1.81B	2.04B	2.29B	2.51B	2.66B
EBITDA+	1.09B	1.46B	1.85B	2.2B	2.45B	2.48B	2.76B	2.94B	3.29B	3.34B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	525.58M	837.21M	1.04B	1.23B	1.28B	1.42B	1.66B	1.74B	1.84B	2.01B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	567.34M	618.74M	809.01M	977.38M	1.17B	1.05B	1.11B	1.2B	1.44B	1.33B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	299.06M	392.16M	478.7M	521.49M	479.68M	406.47M	336.08M	356M	402M	457M
Interest Coverage	1.90x	1.58x	1.69x	1.87x	2.44x	2.59x	3.30x	3.37x	3.59x	2.91x
Non-Operating Income	57.29M	66.72M	43.48M	22.85M	-2.65M	130.24M	163.13M	15M	-83M	-104M
Pretax Income+	211M	159.86M	286.83M	433.04M	692.6M	516.23M	608.95M	829M	1.12B	975M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	23.22M	45.45M	53.85M	67.68M	185.35M	146.15M	109.22M	124M	155M	161M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	187.77M	126.8M	232.98M	365.36M	507.45M	369.78M	500.19M	704.35M	969.18M	815M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.72%	-0.32%	0.84%	0.57%	0.39%	-0.27%	0.35%	0.41%	0.38%	-0.16%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	2.21%	0.35%	0.32%	0.25%	0.13%	0%	0.2%	0.13%	0.15%	0%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	3.21	1.79	3.00	4.56	5.99	4.18	5.53	7.67	10.31	8.50
EPS Growth %	1.65%	-0.44%	0.68%	0.52%	0.31%	-0.3%	0.32%	0.39%	0.34%	-0.18%
EPS (Basic)	3.25	1.81	3.03	4.58	6.03	4.22	5.57	7.69	10.35	8.54
Diluted Shares Outstanding	58.48M	70.82M	77.53M	80.2M	84.68M	88.41M	90.41M	91.83M	94.01M	95.83M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	10.36B	12.61B	18.7B	20.24B	23.97B	27.04B	27.92B	30.31B	32.65B	35.09B
Asset Growth %	0.32%	0.22%	0.48%	0.08%	0.18%	0.13%	0.03%	0.09%	0.08%	0.07%
Real Estate & Other Assets+	137.48M	163.99M	175.72M	464.95M	485.25M	546.55M	621.2M	983.36M	1.06B	1.48B
PP&E (Net)	5.61B	7.2B	9.39B	11.03B	13.63B	15.98B	16.73B	18.08B	20.05B	20.67B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	3.26B	1.47B	2.25B	1.52B	2.87B	2.61B	2.96B	3.31B	3.57B	5.45B
Cash & Equivalents	2.23B	748.48M	1.41B	606.17M	1.87B	1.6B	1.54B	1.91B	2.1B	3.08B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	641.38M	91.33M	48.44M	83.79M	247.59M	261.59M	420.97M	204.54M	69M	368M
Intangible Assets	224.56M	719.23M	2.38B	2.33B	2.1B	2.17B	1.94B	1.9B	1.71B	1.42B
Total Liabilities	7.61B	8.24B	11.84B	13.03B	15.13B	16.37B	17.04B	18.8B	20.14B	21.53B
Total Debt+	6.52B	6.76B	10.08B	11.33B	13.29B	13.92B	14.99B	16.47B	17.45B	18.96B
Net Debt	4.29B	6.01B	8.67B	10.73B	11.42B	12.32B	13.46B	14.56B	15.36B	15.88B
Long-Term Debt	4.28B	5.18B	8.32B	9.44B	9.6B	10.31B	11.57B	12.75B	12.72B	14.01B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	1.33B	1.51B	1.7B	1.52B	2.97B	3.39B	3.39B	3.71B	3.72B	3.75B
Total Current Liabilities+	1.66B	1.03B	1.24B	1.52B	2.16B	2.02B	1.61B	1.84B	3.16B	3.35B
Accounts Payable	49.89M	60.21M	101.74M	96.98M	52.23M	77.7M	84.08M	115.95M	162M	133M
Deferred Revenue	92.25M	94M	103.9M	93.57M	92.9M	118.37M	126.12M	147.99M	141M	139M
Other Liabilities	194.78M	244.71M	277.32M	372.24M	365.24M	657.54M	421.59M	254.17M	248M	271M
Total Equity+	2.75B	4.37B	6.85B	7.22B	8.84B	10.63B	10.88B	11.51B	12.51B	13.55B
Equity Growth %	0.21%	0.59%	0.57%	0.05%	0.22%	0.2%	0.02%	0.06%	0.09%	0.08%
Shareholders Equity	2.75B	4.37B	6.85B	7.22B	8.84B	10.63B	10.88B	11.51B	12.49B	13.53B
Minority Interest	0	0	0	0	-224K	130K	-318K	-134K	25M	24M
Common Stock	62K	72K	79K	81K	86K	89K	91K	93K	0	0
Additional Paid-in Capital	4.84B	7.41B	10.12B	10.75B	12.7B	15.03B	15.98B	17.32B	18.6B	20.89B
Retained Earnings	-1.58B	-1.95B	-2.34B	-2.44B	-2.78B	-3.36B	-3.9B	-4.35B	-4.76B	-5.59B
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.03%	0.02%
Return on Equity (ROE)	0.07%	0.04%	0.04%	0.05%	0.06%	0.04%	0.05%	0.06%	0.08%	0.06%
Debt / Assets	0.63%	0.54%	0.54%	0.56%	0.55%	0.51%	0.54%	0.54%	0.53%	0.54%
Debt / Equity	2.38x	1.55x	1.47x	1.57x	1.50x	1.31x	1.38x	1.43x	1.39x	1.40x
Net Debt / EBITDA	3.93x	4.13x	4.68x	4.86x	4.65x	4.97x	4.87x	4.96x	4.67x	4.76x
Book Value per Share	46.94	61.65	88.34	90.02	104.40	120.28	120.36	125.30	133.11	141.42

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	894.79M	1.02B	1.44B	1.82B	1.99B	2.31B	2.55B	2.96B	3.22B	3.25B
Operating CF Growth %	0.3%	0.14%	0.41%	0.26%	0.1%	0.16%	0.1%	0.16%	0.09%	0.01%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	187.77M	126.8M	232.98M	365.36M	507.25M	370.07M	499.73M	704.58M	969.18M	814M
Depreciation & Amortization	528.93M	837.21M	1.03B	1.23B	1.29B	1.43B	1.66B	1.74B	1.84B	2.01B
Stock-Based Compensation	132.44M	155.57M	175.5M	180.72M	236.54M	294.95M	363.77M	403.98M	407.54M	462M
Other Non-Cash Items	34.23M	39.75M	32.42M	41.26M	32.66M	33.81M	51.63M	88.77M	71.54M	304M
Working Capital Changes	11.16M	-133.03M	-96.33M	-44.02M	-93.32M	32.17M	-132.73M	26.48M	-75.32M	-340M
Cash from Investing+	-1.13B	-2.05B	-5.4B	-3.08B	-1.94B	-3.43B	-3.01B	-3.36B	-3.22B	-3.94B
Acquisitions (Net)	-245.55M	-1.77B	-3.96B	-829.69M	-34.14M	-1.18B	-158.5M	-964.01M	0	0
Purchase of Investments	-359.03M	-42.33M	-57.93M	-65.18M	-20.52M	-127.76M	-107.53M	-144.64M	-135.88M	-520M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	-535.36M	823.46M	-47.32M	-170.26M	149.23M	134.22M	6.75M	1.63M	-307.46M	-3.42B
Cash from Financing+	1.87B	-897.07M	4.61B	470.91M	1.2B	815.53M	413.76M	856.77M	211.45M	1.72B
Dividends Paid	-521.46M	-499.46M	-621.5M	-738.6M	-836.16M	-947.93M	-1.04B	-1.15B	-1.37B	-1.64B
Common Dividends	-521.46M	-499.46M	-621.5M	-738.6M	-836.16M	-947.93M	-1.04B	-1.15B	-1.37B	-1.64B
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Other Financing	-18.07M	-22.81M	-66.37M	18.09M	-66.65M	-153.94M	-124.29M	63.81M	104.92M	72M
Net Change in Cash+	1.62B	-1.95B	677.45M	-823.1M	1.26B	-260.92M	-76.24M	358.79M	188.06M	986M
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Cash at Beginning	610.92M	2.72B	773.25M	1.45B	627.6M	1.89B	1.63B	1.55B	1.91B	2.1B
Cash at End	2.23B	773.25M	1.45B	627.6M	1.89B	1.63B	1.55B	1.91B	2.1B	3.08B
Free Cash Flow+	26.67M	-94.01M	60.51M	-280.75M	-86.79M	27.32M	-204.31M	685.18M	435.58M	183M
FCF Growth %	-0.09%	-4.52%	1.64%	-5.64%	0.69%	1.31%	-8.48%	4.35%	-0.36%	-0.58%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	12.2	13.61	16.45	19.86	21.17	20.28	23.85	26.59	29.94	29.47
FFO Payout Ratio	73.1%	51.81%	48.73%	46.37%	46.65%	52.86%	48.36%	47.16%	48.83%	58.18%
NOI Margin	52.62%	49.59%	49.8%	48.63%	49.48%	48.75%	47.67%	48.36%	48.36%	48.94%
Net Debt / EBITDA	3.93x	4.13x	4.68x	4.86x	4.65x	4.97x	4.87x	4.96x	4.67x	4.76x
Debt / Assets	62.96%	53.61%	53.92%	55.98%	55.44%	51.49%	53.7%	54.34%	53.46%	54.04%
Interest Coverage	1.90x	1.58x	1.69x	1.87x	2.44x	2.59x	3.30x	3.37x	3.59x	2.91x
Book Value / Share	46.94	61.65	88.34	90.02	104.4	120.28	120.36	125.3	133.11	141.42
Revenue Growth	11.54%	32.51%	20.94%	16.1%	9.67%	7.85%	10.62%	9.46%	12.74%	6.84%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Recurring Revenues	-	-	-	-	5.24B	-	-	-	-	8.18B
Recurring Revenues Growth	-	-	-	-	-	-	-	-	-	-
Non-Recurring Revenues	-	-	-	-	323.95M	340.51M	415.05M	391.82M	443.4M	564M
Non-Recurring Revenues Growth	-	-	-	-	-	5.11%	21.89%	-5.60%	13.17%	27.20%
Co-Location	2.02B	2.65B	3.18B	3.67B	4.02B	4.26B	4.64B	5.08B	5.77B	-
Co-Location Growth	-	30.72%	20.06%	15.48%	9.59%	5.89%	9.00%	9.49%	13.45%	-
Interconnection	435.81M	543.04M	681.17M	801.97M	893.59M	1.02B	1.16B	1.27B	1.39B	-
Interconnection Growth	-	24.61%	25.44%	17.73%	11.42%	14.51%	13.51%	9.19%	9.94%	-
Managed Infrastructure	97.69M	210.29M	245.17M	279.63M	292.63M	337.35M	380.86M	415.51M	451.67M	-
Managed Infrastructure Growth	-	115.27%	16.59%	14.06%	4.65%	15.28%	12.90%	9.10%	8.70%	-
Other	-	-	-	24.73M	29.76M	38.43M	35.91M	104.89M	132.69M	-
Other Growth	-	-	-	-	20.33%	29.11%	-6.54%	192.09%	26.50%	-
Rental	10.68M	16.94M	15.63M	-	-	-	-	-	-	-
Rental Growth	-	58.63%	-7.73%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	1.51B	1.68B	4.17B	2.48B	2.59B	2.71B	3.02B	3.35B	3.62B	3.86B
Americas Growth	-	11.04%	148.22%	-40.45%	4.15%	4.64%	11.60%	10.84%	8.01%	6.76%
EMEA	698.81M	1.17B	1.35B	1.56B	1.81B	2B	2.16B	2.34B	2.84B	2.97B
EMEA Growth	-	67.62%	14.93%	16.07%	15.60%	10.52%	7.96%	8.72%	21.11%	4.55%
Asia Pacific	514.52M	761.1M	849.41M	1.02B	1.17B	1.29B	1.46B	1.57B	1.73B	1.92B
Asia Pacific Growth	-	47.92%	11.60%	20.59%	14.03%	10.82%	12.68%	7.69%	10.32%	10.75%

Frequently Asked Questions

Valuation & Price

Equinix, Inc. (EQIX) has a price-to-earnings (P/E) ratio of 94.3x. This suggests investors expect higher future growth.

Growth & Financials

Equinix, Inc. (EQIX) reported $9.06B in revenue for fiscal year 2024. This represents a 464% increase from $1.61B in 2011.

Equinix, Inc. (EQIX) grew revenue by 6.8% over the past year. This is steady growth.

Yes, Equinix, Inc. (EQIX) is profitable, generating $1.07B in net income for fiscal year 2024 (9.3% net margin).

Dividend & Returns

Yes, Equinix, Inc. (EQIX) pays a dividend with a yield of 2.14%. This makes it attractive for income-focused investors.

Equinix, Inc. (EQIX) has a return on equity (ROE) of 6.3%. This is below average, suggesting room for improvement.

Industry Metrics

Equinix, Inc. (EQIX) generated Funds From Operations (FFO) of $3.08B in the trailing twelve months. FFO is the primary profitability metric for REITs.