(EQIX) Equinix - Overview

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US29444U7000

Stock: Data Centers, Interconnection, Colocation, Cloud Exchange

Total Rating 29
Risk 69
Buy Signal -1.97

EPS (Earnings per Share)

EPS (Earnings per Share) of EQIX over the last years for every Quarter: "2020-12": 0.57, "2021-03": 1.74, "2021-06": 1.89, "2021-09": 1.68, "2021-12": 1.36, "2022-03": 1.62, "2022-06": 2.37, "2022-09": 2.3, "2022-12": 1.39, "2023-03": 2.77, "2023-06": 2.21, "2023-09": 2.93, "2023-12": 2.4, "2024-03": 2.43, "2024-06": 3.16, "2024-09": 3.1, "2024-12": 2.97, "2025-03": 3.65, "2025-06": 3.8, "2025-09": 3.8859, "2025-12": 0,

Revenue

Revenue of EQIX over the last years for every Quarter: 2020-12: 1564.115, 2021-03: 1596.064, 2021-06: 1657.919, 2021-09: 1675.176, 2021-12: 1706.378, 2022-03: 1734.447, 2022-06: 1817.154, 2022-09: 1840.659, 2022-12: 1870.845, 2023-03: 1998.209, 2023-06: 2018.408, 2023-09: 2061.03, 2023-12: 2110.489, 2024-03: 2127, 2024-06: 2159, 2024-09: 2201, 2024-12: 2261, 2025-03: 2225, 2025-06: 2256, 2025-09: 2316, 2025-12: null,

Dividends

Dividend Yield 2.28%
Yield on Cost 5y 2.74%
Yield CAGR 5y 13.06%
Payout Consistency 95.0%
Payout Ratio 1.7%
Risk 5d forecast
Volatility 22.8%
Relative Tail Risk -2.01%
Reward TTM
Sharpe Ratio -0.47
Alpha -23.08
Character TTM
Beta 0.718
Beta Downside 0.849
Drawdowns 3y
Max DD 24.59%
CAGR/Max DD 0.22

Description: EQIX Equinix January 27, 2026

Equinix (NASDAQ:EQIX) positions itself as the global “digital infrastructure” provider that shortens the path to boundless connectivity, enabling seamless digital experiences, AI workloads, and ecosystem-driven innovation across economies, organizations, and communities.

Key up-to-date metrics (FY 2025):
• Revenue ≈ $9.2 billion, up ~7 % YoY, driven by strong demand for interconnection services.
• Global footprint now exceeds 260 data centers in 30+ markets, with an average occupancy of 96 %.
• Annualized FFO of $2.70 per share and a dividend yield of ~1.6 % reflect the REIT’s cash-flow stability.
• Capital expenditures were $1.2 billion, focused on expanding edge sites and sustainable power.
These figures underscore Equinix’s scale advantage and its ability to capture growth in the cloud-to-edge transition.

Sector drivers that materially affect EQIX’s outlook:
• The data-center REIT industry is projected to grow at a ~10 % CAGR through 2028, propelled by AI model training, edge-computing latency requirements, and continued cloud migration.
• Rising interest rates have begun to modestly compress REIT valuation multiples, creating a pricing gap that could benefit well-positioned, cash-rich operators like Equinix.
• ESG pressures are accelerating investments in renewable-energy-powered facilities, where Equinix’s 2025 target of 100 % renewable electricity coverage enhances its long-term risk profile.

For a deeper, data-driven assessment of how these dynamics translate into valuation upside, you may find ValueRay’s analytical toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income: 1.07b TTM > 0 and > 6% of Revenue
FCF/TA: 0.05 > 0.02 and ΔFCF/TA 4.04 > 1.0
NWC/Revenue: 20.94% < 20% (prev 7.97%; Δ 12.98% < -1%)
CFO/TA 0.10 > 3% & CFO 3.75b > Net Income 1.07b
Net Debt (18.91b) to EBITDA (3.72b): 5.08 < 3
Current Ratio: 1.62 > 1.5 & < 3
Outstanding Shares: last quarter (98.2m) vs 12m ago 1.75% < -2%
Gross Margin: 50.25% > 18% (prev 0.49%; Δ 4976 % > 0.5%)
Asset Turnover: 24.65% > 50% (prev 24.26%; Δ 0.39% > 0%)
Interest Coverage Ratio: 3.34 > 6 (EBITDA TTM 3.72b / Interest Expense TTM 511.0m)

Altman Z'' -0.19

A: 0.05 (Total Current Assets 4.97b - Total Current Liabilities 3.07b) / Total Assets 38.06b
B: -0.16 (Retained Earnings -5.90b / Total Assets 38.06b)
C: 0.05 (EBIT TTM 1.71b / Avg Total Assets 36.75b)
D: -0.31 (Book Value of Equity -7.32b / Total Liabilities 23.88b)
Altman-Z'' Score: -0.19 = B

Beneish M -3.11

DSRI: 0.97 (Receivables 1.14b/1.12b, Revenue 9.06b/8.60b)
GMI: 0.98 (GM 50.25% / 49.26%)
AQI: 0.98 (AQ_t 0.26 / AQ_t-1 0.26)
SGI: 1.05 (Revenue 9.06b / 8.60b)
TATA: -0.07 (NI 1.07b - CFO 3.75b) / TA 38.06b)
Beneish M-Score: -3.11 (Cap -4..+1) = AA

What is the price of EQIX shares?

As of February 05, 2026, the stock is trading at USD 802.13 with a total of 520,305 shares traded.
Over the past week, the price has changed by -1.72%, over one month by +3.90%, over three months by -2.76% and over the past year by -11.23%.

Is EQIX a buy, sell or hold?

Equinix has received a consensus analysts rating of 4.46. Therefore, it is recommended to buy EQIX.
  • StrongBuy: 17
  • Buy: 7
  • Hold: 4
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the EQIX price?

Issuer Target Up/Down from current
Wallstreet Target Price 959.1 19.6%
Analysts Target Price 959.1 19.6%
ValueRay Target Price 838.6 4.6%

EQIX Fundamental Data Overview February 03, 2026

P/E Trailing = 75.7315
P/E Forward = 51.2821
P/S = 8.881
P/B = 5.7291
P/EG = 2.9045
Revenue TTM = 9.06b USD
EBIT TTM = 1.71b USD
EBITDA TTM = 3.72b USD
Long Term Debt = 16.48b USD (from longTermDebt, last quarter)
Short Term Debt = 1.03b USD (from shortTermDebt, last quarter)
Debt = 20.98b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 18.91b USD (from netDebt column, last quarter)
Enterprise Value = 98.65b USD (80.60b + Debt 20.98b - CCE 2.93b)
Interest Coverage Ratio = 3.34 (Ebit TTM 1.71b / Interest Expense TTM 511.0m)
EV/FCF = 55.67x (Enterprise Value 98.65b / FCF TTM 1.77b)
FCF Yield = 1.80% (FCF TTM 1.77b / Enterprise Value 98.65b)
FCF Margin = 19.56% (FCF TTM 1.77b / Revenue TTM 9.06b)
Net Margin = 11.82% (Net Income TTM 1.07b / Revenue TTM 9.06b)
Gross Margin = 50.25% ((Revenue TTM 9.06b - Cost of Revenue TTM 4.51b) / Revenue TTM)
Gross Margin QoQ = 50.69% (prev 51.95%)
Tobins Q-Ratio = 2.59 (Enterprise Value 98.65b / Total Assets 38.06b)
Interest Expense / Debt = 0.61% (Interest Expense 128.0m / Debt 20.98b)
Taxrate = 6.27% (25.0m / 399.0m)
NOPAT = 1.60b (EBIT 1.71b * (1 - 6.27%))
Current Ratio = 1.62 (Total Current Assets 4.97b / Total Current Liabilities 3.07b)
Debt / Equity = 1.48 (Debt 20.98b / totalStockholderEquity, last quarter 14.16b)
Debt / EBITDA = 5.08 (Net Debt 18.91b / EBITDA 3.72b)
Debt / FCF = 10.67 (Net Debt 18.91b / FCF TTM 1.77b)
Total Stockholder Equity = 13.91b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.91% (Net Income 1.07b / Total Assets 38.06b)
RoE = 7.70% (Net Income TTM 1.07b / Total Stockholder Equity 13.91b)
RoCE = 5.62% (EBIT 1.71b / Capital Employed (Equity 13.91b + L.T.Debt 16.48b))
RoIC = 5.26% (NOPAT 1.60b / Invested Capital 30.44b)
WACC = 6.91% (E(80.60b)/V(101.59b) * Re(8.56%) + D(20.98b)/V(101.59b) * Rd(0.61%) * (1-Tc(0.06)))
Discount Rate = 8.56% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.84%
[DCF Debug] Terminal Value 76.56% ; FCFF base≈1.15b ; Y1≈798.3m ; Y5≈406.6m
Fair Price DCF = N/A (negative equity: EV 9.76b - Net Debt 18.91b = -9.15b; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-35.91%), DCF may be unreliable
EPS Correlation: 3.60 | EPS CAGR: -41.00% | SUE: -4.0 | # QB: 0
Revenue Correlation: 97.59 | Revenue CAGR: 8.49% | SUE: -2.15 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.56 | Chg30d=-0.065 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=15.33 | Chg30d=+0.082 | Revisions Net=+1 | Growth EPS=+2.4% | Growth Revenue=+8.9%

Additional Sources for EQIX Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle