EQIX Stock Analysis: Equinix | NASDAQ
REIT - Specialty | NASDAQ, USA | Market Cap: 103.362m USD | 12M Return: 33.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 529M
EPS Trend: 92.5%
Qual. Beats: 1
Rev. Trend: 99.0%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Equinix, Inc. (NASDAQ: EQIX) is a global digital infrastructure company that operates a worldwide network of data centers and interconnected ecosystems, enabling businesses to connect across geographies and deliver digital and AI-driven services. Founded on June 22, 1998, and headquartered in Redwood City, California, the company has been publicly traded since its 2000 IPO.
Equinix is classified within the Real Estate sector as a Data Center REIT, reflecting its asset-heavy business model of owning and operating facilities that house IT and networking infrastructure for enterprises, cloud providers, and telecom carriers. REITs of this type typically generate revenue through recurring colocation, interconnection, and leasing arrangements, and are generally required to distribute a significant portion of their taxable income to shareholders.
- AI workloads drive record data center leasing and revenue
- Higher interest rates pressure REIT valuation and cap rates
- Hyperscaler self-build competition intensifies alongside Digital Realty
| Net Income: 1.53b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 3.23 > 1.0 |
| NWC/Revenue: 5.11% < 20% (prev 25.82%; Δ -20.71% < -1%) |
| CFO/TA 0.10 > 3% & CFO 3.94b > Net Income 1.53b |
| Net Debt (24.8b) to EBITDA (4.49b): 5.52 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.1m) vs 12m ago 1.11% < -2% |
| Gross Margin: 51.60% > 18% (prev 50.11%; Δ 1.50% > 0.5%) |
| Asset Turnover: 24.59% > 50% (prev 23.02%; Δ 1.57% > 0%) |
| Interest Coverage Ratio: 3.99 > 6 (EBIT TTM 2.30b / Interest Expense TTM 578.0m) |
| A: 0.01 (Total Current Assets 4.32b - Total Current Liabilities 3.82b) / Total Assets 41.1b |
| B: 0.17 (Retained Earnings 7.00b / Total Assets 41.1b) |
| C: 0.06 (EBIT TTM 2.30b / Avg Total Assets 40.0b) |
| D: 0.54 (Book Value of Equity 14.4b / Total Liabilities 26.7b) |
| Altman-Z'' = 1.59 = BB |
| DSRI: 1.01 (Receivables 1.26b/1.14b, Revenue 9.83b/8.94b) |
| GMI: 0.97 (GM 50.11% / 51.60%) |
| AQI: 1.01 (AQ_t 0.25 / AQ_t-1 0.25) |
| SGI: 1.10 (Revenue 9.83b / 8.94b) |
| TATA: -0.06 (NI 1.53b - CFO 3.94b) / TA 41.1b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of August 03, 2026, the stock is trading at USD 1019.28 with a total of 657,712 shares traded. Over the past week, the price has changed by -5.99%, over one month by +1.72%, over three months by -5.44% and over the past year by +33.93%.
Current recommended Stop Loss: 964.60 (which is 5.4% or 1.6 ATR below the current price).
Equinix has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy EQIX.
- StrongBuy: 20
- Buy: 5
- Hold: 5
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 1217.7 | 19.5% |
P/E Trailing = 67.4955
P/E Forward = 56.1798
P/S = 10.8505
P/B = 6.9125
P/EG = 3.2822
Revenue TTM = 9.83b USD
EBIT TTM = 2.30b USD
EBITDA TTM = 4.49b USD
Long Term Debt = 18.5b USD (from longTermDebt, last quarter)
Short Term Debt = 1.51b USD (from shortTermDebt, last quarter)
Debt = 27.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.65b
Net Debt = 24.8b USD (calculated: Debt 27.0b - CCE 2.22b)
Enterprise Value = 128b USD (103b + Debt 27.0b - CCE 2.22b)
Interest Coverage Ratio = 3.99 (Ebit TTM 2.30b / Interest Expense TTM 578.0m)
EV/FCF = 93.53x (Enterprise Value 128b / FCF TTM 1.37b)
FCF Yield = 1.07% (FCF TTM 1.37b / Enterprise Value 128b)
FCF Margin = 13.94% (FCF TTM 1.37b / Revenue TTM 9.83b)
Net Margin = 15.60% (Net Income TTM 1.53b / Revenue TTM 9.83b)
Gross Margin = 51.60% ((Revenue TTM 9.83b - Cost of Revenue TTM 4.76b) / Revenue TTM)
Gross Margin QoQ = 53.14% (prev 51.47%)
Tobins Q-Ratio = 3.12 (Enterprise Value 128b / Total Assets 41.1b)
Interest Expense / Debt = 2.14% (Interest Expense 578.0m / Debt 27.0b)
Taxrate = 10.26% (175.0m / 1.71b)
NOPAT = 2.07b (EBIT 2.30b * (1 - 10.26%))
Current Ratio = 1.13 (Total Current Assets 4.32b / Total Current Liabilities 3.82b)
Debt / Equity = 1.88 (Debt 27.0b / totalStockholderEquity, last quarter 14.4b)
Debt / EBITDA = 5.52 (Net Debt 24.8b / EBITDA 4.49b)
Debt / FCF = 18.09 (Net Debt 24.8b / FCF TTM 1.37b)
Total Stockholder Equity = 14.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.84% (Net Income 1.53b / Total Assets 41.1b)
RoE = 10.76% (Net Income TTM 1.53b / Total Stockholder Equity 14.2b)
RoCE = 7.03% (EBIT 2.30b / Capital Employed (Equity 14.2b + L.T.Debt 18.5b))
RoIC = 5.40% (NOPAT 2.07b / Invested Capital 38.3b)
WACC = 6.67% (E(103b)/V(130b) * Re(7.91%) + D(27.0b)/V(130b) * Rd(2.14%) * (1-Tc(0.10)))
Discount Rate = 7.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 96.05 | Cagr: 1.84%
[DCF] Terminal Value 77.97% ; FCFF base≈838.8m ; Y1≈961.5m ; Y5≈1.42b
[DCF] Fair Price = N/A (negative equity: EV 21.3b - Net Debt 24.8b = -3.48b; debt exceeds intrinsic value)
EPS Correlation: 92.53 | EPS CAGR: 29.09% | SUE: 4.0 | # QB: 1
Revenue Correlation: 99.04 | Revenue CAGR: 7.00% | SUE: 1.85 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.05 | Chg30d=-6.67% | Revisions=+17% | Analysts=5
EPS current Year (2026-12-31): EPS=17.69 | Chg30d=-0.32% | Revisions=+50% | GrowthEPS=+20.7% | GrowthRev=+11.3%
EPS next Year (2027-12-31): EPS=18.63 | Chg30d=-3.10% | Revisions=+57% | GrowthEPS=+5.3% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: +62% (up=9, down=1)