Last 48 quarters of trend data · Real Estate · REIT - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 74.23 | 53.95 | 58.35 | 71.20 | 51.39 | 53.03 | 58.24 | — | 71.58 | 59.86 | 84.91 | 83.89 | 61.97 | 88.68 | 65.08 | 117.81 | 61.83 | 69.31 | 114.45 | 155.49 | 117.58 |
| — | +1.7% | +0.2% | — | -28.2% | -11.4% | -31.4% | — | +15.5% | -32.5% | +30.5% | -28.8% | +0.2% | +28.0% | -43.1% | -24.2% | -47.4% | -73.7% | +17.2% | -50.4% | -54.2% | |
| P/S Ratio | 10.88 | 9.84 | 9.90 | 7.72 | 8.30 | 8.64 | 8.97 | 10.10 | 9.62 | 8.34 | 9.23 | 9.03 | 8.30 | 9.11 | 8.42 | 8.12 | 7.12 | 8.25 | 9.74 | 11.25 | 10.67 |
| — | +13.9% | +10.4% | -23.6% | -13.7% | +3.7% | -2.9% | +11.8% | +15.9% | -8.5% | +9.6% | +11.2% | +16.5% | +10.5% | -13.6% | -27.8% | -33.3% | -24.4% | +1.9% | +9.8% | -4.7% | |
| P/B Ratio | 7.07 | 7.17 | 6.77 | 5.32 | 5.42 | 5.53 | 5.74 | 6.74 | 6.22 | 5.85 | 6.37 | 6.09 | 5.74 | 6.11 | 5.60 | 5.28 | 4.70 | 5.64 | 6.18 | 7.05 | 6.76 |
| — | +29.7% | +18.0% | -21.1% | -12.8% | -5.5% | -10.0% | +10.6% | +8.3% | -4.2% | +13.9% | +15.4% | +22.2% | +8.3% | -9.4% | -25.1% | -30.5% | -17.0% | +7.0% | +17.1% | +4.9% | |
| P/FCF | — | 11.12 | — | — | — | — | 338.19 | — | 622.61 | 68.18 | — | 623.54 | 101.99 | 178.35 | 115.05 | — | 48.97 | 47.32 | 100.25 | 256.90 | — |
| — | — | — | — | — | — | — | — | +510.4% | -61.8% | — | — | +108.3% | +276.9% | +14.8% | — | — | — | — | — | — | |
| EV / EBITDA | 31.11 | 25.72 | 26.48 | 24.76 | 23.69 | 24.22 | 25.75 | 44.59 | 27.44 | 23.78 | 26.48 | 28.28 | 24.71 | 27.84 | 24.28 | 26.17 | 21.59 | 24.76 | 28.81 | 33.37 | 30.37 |
| — | +6.2% | +2.8% | -44.5% | -13.7% | +1.8% | -2.8% | +57.7% | +11.1% | -14.6% | +9.1% | +8.1% | +14.4% | +12.4% | -15.7% | -21.6% | -28.9% | -19.7% | +8.0% | +6.0% | -0.4% | |
| EV / EBIT | 65.90 | 46.63 | 51.44 | 45.80 | 45.45 | 44.53 | 46.94 | 212.69 | 54.11 | 48.03 | 61.87 | 61.32 | 52.40 | 64.25 | 49.68 | 69.25 | 48.81 | 58.91 | 77.74 | 91.96 | 74.92 |
| — | +4.7% | +9.6% | -78.5% | -16.0% | -7.3% | -24.1% | +246.9% | +3.3% | -25.3% | +24.5% | -11.5% | +7.3% | +9.1% | -36.1% | -24.7% | -34.8% | -62.3% | +17.1% | -11.8% | -25.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 51.3% | 53.1% | 51.5% | 50.9% | 50.7% | 52.0% | 51.3% | 47.1% | 50.1% | 49.9% | 48.7% | 48.3% | 48.1% | 47.5% | 49.6% | 48.1% | 49.2% | 48.8% | 47.2% | 46.6% | 47.1% |
| — | +2.3% | +0.4% | +8.1% | +1.2% | +4.1% | +5.3% | -2.4% | +4.1% | +5.1% | -1.9% | +0.3% | -2.2% | -2.8% | +5.2% | +3.1% | +4.4% | +2.1% | -4.0% | -0.5% | -4.7% | |
| Operating Margin | 20.0% | 25.3% | 23.6% | 17.3% | 20.5% | 21.9% | 20.6% | 4.6% | 19.3% | 20.2% | 17.1% | 16.4% | 18.5% | 16.4% | 19.2% | 15.1% | 18.1% | 17.5% | 15.4% | 14.6% | 16.8% |
| — | +15.7% | +14.7% | +279.3% | +6.0% | +8.4% | +20.3% | -72.2% | +4.5% | +22.8% | -10.9% | +8.8% | +2.1% | -6.0% | +24.7% | +3.1% | +7.5% | +4.1% | -17.4% | +0.1% | -11.2% | |
| Net Margin | 14.6% | 18.2% | 17.0% | 10.9% | 16.1% | 16.3% | 15.4% | -0.6% | 13.5% | 13.9% | 10.9% | 10.8% | 13.4% | 10.3% | 13.0% | 6.9% | 11.5% | 11.9% | 8.5% | 7.2% | 9.1% |
| — | +11.9% | +10.2% | +1852.6% | +19.7% | +17.0% | +41.9% | -105.7% | +0.8% | +35.9% | -16.2% | +56.7% | +16.3% | -13.9% | +52.5% | -4.7% | +26.6% | +188.8% | -13.2% | +121.6% | +107.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 3.3% | 2.9% | 1.9% | 2.6% | 2.6% | 2.5% | -0.1% | 2.3% | 2.4% | 1.9% | 1.9% | 2.3% | 1.7% | 2.2% | 1.1% | 1.9% | 2.0% | 1.4% | 1.1% | 1.4% |
| — | +27.1% | +16.7% | +1912.8% | +15.4% | +7.5% | +34.3% | -105.5% | -0.4% | +42.2% | -15.5% | +64.0% | +18.4% | -14.3% | +62.9% | -1.1% | +35.5% | +211.4% | -8.3% | +138.8% | +125.3% | |
| ROA | 3.6% | 1.2% | 1.0% | 0.7% | 1.0% | 1.0% | 1.0% | -0.0% | 0.9% | 0.9% | 0.7% | 0.7% | 0.9% | 0.7% | 0.8% | 0.4% | 0.7% | 0.8% | 0.5% | 0.4% | 0.5% |
| — | +19.0% | +6.2% | +1807.1% | +11.8% | +5.7% | +34.8% | -105.6% | -0.3% | +41.0% | -15.0% | +63.8% | +20.2% | -13.1% | +59.5% | -2.5% | +32.8% | +206.5% | -8.4% | +132.1% | +122.2% | |
| ROIC | 4.3% | 1.4% | 1.2% | 0.9% | 1.1% | 1.2% | 1.1% | 0.3% | 1.1% | 1.2% | 1.0% | 0.9% | 1.1% | 0.9% | 1.1% | 0.8% | 1.0% | 1.0% | 0.8% | 0.8% | 0.9% |
| — | +16.0% | +5.9% | +256.8% | -0.5% | +1.5% | +17.2% | -72.6% | +3.0% | +24.2% | -11.1% | +13.7% | +5.7% | -3.2% | +33.2% | +8.2% | +14.6% | +9.6% | -14.4% | +0.3% | -13.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.60 | 1.62 | 1.63 | 1.60 | 1.48 | 1.55 | 1.41 | 1.40 | 1.41 | 1.46 | 1.40 | 1.39 | 1.46 | 1.43 | 1.41 | 1.43 | 1.44 | 1.54 | 1.38 | 1.38 | 1.43 |
| — | +4.7% | +15.4% | +14.6% | +5.0% | +6.0% | +0.7% | +0.3% | -3.4% | +2.5% | -0.9% | -2.6% | +1.6% | -7.2% | +2.8% | +3.9% | +0.8% | +7.8% | -0.3% | +5.2% | +9.5% | |
| Debt / EBITDA | 5.81 | 19.11 | 20.79 | 23.36 | 20.75 | 22.01 | 20.97 | 31.55 | 20.83 | 19.43 | 19.41 | 21.55 | 20.59 | 21.63 | 20.23 | 22.89 | 20.99 | 21.74 | 21.43 | 22.18 | 21.48 |
| — | -13.1% | -0.9% | -26.0% | -0.4% | +13.2% | +8.0% | +46.4% | +1.2% | -10.2% | -4.0% | -5.8% | -1.9% | -0.5% | -5.6% | +3.2% | -2.3% | -0.4% | +1.6% | -3.3% | +1.5% | |
| Current Ratio | 1.32 | 1.13 | 1.18 | 1.32 | 1.62 | 1.54 | 1.65 | 1.63 | 1.16 | 1.22 | 1.10 | 1.13 | 2.05 | 2.02 | 2.28 | 1.80 | 2.37 | 2.04 | 1.91 | 1.84 | 1.63 |
| — | -26.7% | -28.8% | -19.1% | +39.9% | +27.1% | +51.0% | +44.1% | -43.6% | -39.8% | -51.9% | -37.2% | -13.4% | -1.3% | +19.4% | -2.4% | +45.5% | +9.3% | +22.6% | +42.9% | +52.8% | |
| Quick Ratio | 1.32 | 1.13 | 1.18 | 1.32 | 1.62 | 1.54 | 1.65 | 1.63 | 1.16 | 1.22 | 1.10 | 1.13 | 2.05 | 2.02 | 2.28 | 1.80 | 2.37 | 2.04 | 1.91 | 1.84 | 1.63 |
| — | -26.7% | -28.8% | -19.1% | +39.9% | +27.1% | +51.0% | +44.1% | -43.6% | -39.8% | -51.9% | -37.2% | -13.4% | -1.3% | +19.4% | -2.4% | +45.5% | +9.3% | +22.6% | +42.9% | +52.8% | |
| Interest Coverage | 3.53 | 4.46 | 3.90 | 3.48 | 4.12 | 4.00 | 4.21 | 1.00 | 3.99 | 4.16 | 3.66 | 3.62 | 3.90 | 3.44 | 4.24 | 2.89 | 3.70 | 3.48 | 3.26 | 3.06 | 3.60 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying EQIX stock.
Equinix, Inc.'s current P/E is 74.2x. The average P/E over the last 4 quarters is 58.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Equinix, Inc.'s current operating margin is 20.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Equinix, Inc.'s business trajectory between earnings reports.