EQIX logo Equinix +
Ticker
EQIX
AMT
Headquarter
Redwood City ,CA
US
Boston ,MA
US
CEO
Adaire Rita Fox-Martin
Steven O. Vondran
Industry
REIT - Specialty
REIT - Specialty
Stock Price
Stock Price
Market Cap
Market Cap
$105.33 B
$87.10 B
Employees
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Employees
  • 13.15 K
  • 13.61 K
  • 13.72 K
  • 5.64 K
  • 4.69 K
  • 4.87 K
Y/Y
8.71%
3.46%
0.81%
11.7%
16.87%
3.73%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $8.19 B
  • $8.75 B
  • $9.22 B
  • $10.01 B
  • $10.13 B
  • $10.65 B
Y/Y
12.74%
6.84%
5.36%
3.8%
1.15%
5.11%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • -
  • -
  • -
Y/Y
0%
0%
0%
0%
0%
0%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $1.44 B
  • $1.33 B
  • $1.85 B
  • $3.13 B
  • $4.52 B
  • $4.88 B
Y/Y
20.25%
7.97%
39.16%
14.13%
44.5%
8.06%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 13.79%
  • 16.51%
  • -10.61%
  • 5.94%
  • 10.11%
  • 13.66%
Y/Y
7.81%
19.74%
164.25%
9.8%
70.2%
35.13%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $969.18 M
  • $815.00 M
  • $1.35 B
  • $1.48 B
  • $2.26 B
  • $2.53 B
Y/Y
37.6%
15.91%
65.64%
16%
52.03%
12.19%
Revenue Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue Per Employee
  • $622.62 K
  • $642.95 K
  • $671.99 K
  • $1.77 M
  • $2.16 M
  • $2.19 M
Y/Y
3.7%
3.26%
4.52%
17.56%
21.68%
1.33%
Net Income Per Employee
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Per Employee
  • $73.70 K
  • $59.90 K
  • $98.43 K
  • $262.86 K
  • $480.71 K
  • $519.89 K
Y/Y
26.57%
18.72%
64.32%
4.86%
82.88%
8.15%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $32.65 B
  • $35.09 B
  • $40.14 B
  • $66.03 B
  • $61.08 B
  • $63.19 B
Y/Y
7.72%
7.45%
14.41%
1.74%
7.5%
3.46%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $20.14 B
  • $21.53 B
  • $25.96 B
  • $55.16 B
  • $51.43 B
  • $52.84 B
Y/Y
7.08%
6.93%
20.57%
0.69%
6.77%
2.73%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$2.78 B
  • -$3.07 B
  • -
  • -$1.80 B
  • -$1.59 B
  • -$1.68 B
Y/Y
22.08%
10.25%
100%
4.03%
11.57%
5.69%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 17.62%
  • 15.18%
  • 19.96%
  • 31.22%
  • 44.60%
  • 45.85%
Y/Y
6.67%
13.86%
31.46%
9.95%
42.86%
2.8%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 11.84%
  • 9.32%
  • 14.58%
  • 14.81%
  • 22.27%
  • 23.76%
Y/Y
22.05%
21.29%
56.49%
19.08%
50.3%
6.73%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $3.37 B
  • $3.44 B
  • $1.85 B
  • $6.00 B
  • $7.15 B
  • $6.12 B
Y/Y
15.37%
2.08%
46.29%
8.71%
19.16%
14.42%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $435.58 M
  • $183.00 M
  • $3.91 B
  • $2.92 B
  • $3.70 B
  • $3.78 B
Y/Y
36.43%
57.99%
2037.16%
60.45%
26.54%
2.25%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 7.76%
  • 6.02%
  • 9.54%
  • 35.33%
  • 66.67%
  • 69.26%
Y/Y
26.77%
22.37%
58.3%
11.5%
88.7%
3.88%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 2.97%
  • 2.32%
  • 3.36%
  • 2.25%
  • 3.69%
  • 4.33%
Y/Y
27.74%
21.74%
44.78%
14.51%
64.35%
17.2%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 139.75%
  • 140.16%
  • 160.54%
  • 1,103.02%
  • 1,299.57%
  • 1,231.04%
Y/Y
2.36%
0.29%
14.54%
30.63%
17.82%
5.27%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $90.75 B
  • $105.89 B
  • $94.01 B
  • $145.17 B
  • $127.61 B
  • $125.86 B
Y/Y
21.75%
16.67%
11.22%
1.66%
12.1%
1.37%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 11.08
  • 12.10
  • 10.20
  • 14.50
  • 12.60
  • 11.82
Y/Y
7.99%
9.21%
15.73%
2.07%
13.09%
6.17%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 26.92
  • 30.77
  • 50.87
  • 24.18
  • 17.84
  • 19.64
Y/Y
5.53%
14.3%
65.31%
11.36%
26.23%
10.09%