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EQIX

Equinix Inc

US$1,012.33+0.07% (US$0.75)
Day's range
US$994.50 – US$1,015.81
Day's volume
US$46.8m
52-week range
US$715.18 – US$1,110.63

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See how EQIX weighs in your net worth, what it has paid you and how far it is from your target allocation.

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EQIX in numbers

Market cap
US$98.9bn
P/E
65.16
P/B
6.95
Dividend yield (12m)
1.99%
Net debt/EBITDA
4.10

The 12-month dividend yield of EQIX is 1.99%, above its 5-year average of 1.86%.

EQIX price history

02/10/202501/10/2026
Compare with

EQIX risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+20.67%+45.97%+31.91%
Volatility (annualised)26.43%23.92%25.30%
Largest drawdown-10.42%-21.49%-32.12%
Positive months6/1219/3630/60

How much did investing in EQIX return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,336.01 today.

Value today in EQIX
US$1,336.01
Return over the period
+33.60%
Return per year
+5.97%
In the S&P 500
US$1,664.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

EQIX fundamentals

Valuation

  • P/E
    65.16
  • P/B
    6.95
  • EV/EBITDA
    27.09
  • EV/EBIT
    54.50
  • EV/Revenue
    11.88
  • P/EBIT
    46.25
  • P/S
    10.08
  • P/OCF
    25.08
  • P/FCF
    —
  • Earnings yield
    1.83%
  • PEG ratio
    —
  • Earnings per share
    US$15.54
  • Book value per share
    US$145.76

Debt

  • Net debt
    US$17.6bn
  • Net debt/EBITDA
    4.10
  • Net debt/Equity
    1.23
  • Debt/Equity
    1.38
  • Current ratio
    1.13
  • Quick ratio
    —
  • Cash ratio
    0.58

Efficiency

  • Gross margin
    51.49%
  • EBITDA margin
    43.88%
  • Operating margin
    21.81%
  • Net margin
    15.63%
  • Asset turnover
    0.24

Profitability

  • ROE
    10.66%
  • ROA
    3.73%
  • ROIC
    5.99%
  • Payout
    129.82%

Growth

  • Revenue CAGR (5 years)
    9.12%
  • Earnings CAGR (5 years)
    34.96%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is EQIX's fair price?

Two classic value formulas, with today's numbers. The current price is US$1,012.33.

Graham's fair price
US$225.72
77.70% below the price

√(22.50 × US$15.54 × US$145.76)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$247.23
75.58% below the price

US$14.83 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

EQIX indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E55.76112.6178.6586.17153.41172.4598.2878.03
P/B5.326.786.105.287.056.005.643.95
EV/EBITDA18.8226.7822.8424.4231.4429.4023.7917.14
Dividend yield2.45%1.81%1.80%1.89%1.36%1.49%1.69%2.59%
Earnings per shareUS$13.74US$8.37US$10.24US$7.60US$5.51US$4.14US$5.94US$4.52
Book value per shareUS$144.07US$138.99US$131.99US$124.06US$119.95US$119.10US$103.47US$89.28
ROE9.54%6.02%7.76%6.13%4.60%3.48%5.74%5.06%
ROIC13.51%9.97%10.92%4.54%4.32%3.84%4.93%5.00%
Gross margin51.09%48.94%48.36%48.35%47.67%48.75%49.48%48.63%
EBITDA margin42.29%38.15%40.16%40.44%41.66%41.28%44.13%43.47%
Net margin14.65%9.32%11.83%9.71%7.54%6.16%9.12%7.20%
Net debt/EBITDA-0.49-0.72-0.333.743.683.643.474.21

EQIX financial statements

Line202520242023202220212020
Net revenueUS$9.2bnUS$8.7bnUS$8.2bnUS$7.3bnUS$6.6bnUS$6bn
Cost of sales-US$4.5bn-US$4.5bn-US$4.2bn-US$3.8bn-US$3.5bn-US$3.1bn
Gross profitUS$4.7bnUS$4.3bnUS$4bnUS$3.5bnUS$3.2bnUS$2.9bn
EBITDAUS$3.9bnUS$3.3bnUS$3.3bnUS$2.9bnUS$2.8bnUS$2.5bn
EBITUS$1.8bnUS$1.3bnUS$1.4bnUS$1.2bnUS$1.1bnUS$1.1bn
Net finance result——————
Profit before taxUS$1.5bnUS$975mUS$1.1bnUS$829mUS$609mUS$516.2m
Income tax-US$160m-US$161m-US$155m-US$124m-US$109.2m-US$146.2m
Net incomeUS$1.4bnUS$815mUS$969mUS$705mUS$500.2mUS$369.8m

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does EQIX pay dividends?

Dividend yield per year

  • 1.77%2017
  • 2.59%2018
  • 1.69%2019
  • 1.49%2020
  • 1.36%2021
  • 1.89%2022
  • 1.80%2023
  • 1.81%2024
  • 2.45%2025
  • 1.54%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend18/08/202616/09/2026US$5.16
Dividend19/05/202617/06/2026US$5.16
Dividend24/02/202618/03/2026US$5.16
Dividend18/11/202517/12/2025US$4.69
Dividend19/08/202517/09/2025US$4.69
Dividend20/05/202518/06/2025US$4.69
Dividend25/02/202519/03/2025US$4.69
Dividend12/11/202411/12/2024US$4.26
Dividend20/08/202418/09/2024US$4.26
Dividend20/05/202419/06/2024US$4.26
Dividend26/02/202420/03/2024US$4.26
Dividend13/11/202313/12/2023US$4.26
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend21/08/202320/09/2023US$3.41
Dividend22/05/202321/06/2023US$3.41
Dividend03/03/202322/03/2023US$3.41
Dividend14/11/202214/12/2022US$3.10
Dividend15/08/202221/09/2022US$3.10
Dividend16/05/202215/06/2022US$3.10
Dividend03/03/202223/03/2022US$3.10
Dividend15/11/202115/12/2021US$2.87
Dividend16/08/202122/09/2021US$2.87
Dividend17/05/202116/06/2021US$2.87
Dividend22/02/202117/03/2021US$2.87
Dividend16/11/202009/12/2020US$2.66
Dividend17/08/202023/09/2020US$2.66
Dividend18/05/202017/06/2020US$2.66
Dividend24/02/202018/03/2020US$2.66
Dividend18/11/201911/12/2019US$2.46
Dividend19/08/201918/09/2019US$2.46
Dividend20/05/201919/06/2019US$2.46
Dividend25/02/201920/03/2019US$2.46
Dividend12/11/201812/12/2018US$2.28
Dividend20/08/201819/09/2018US$2.28
Dividend21/05/201820/06/2018US$2.28
Dividend22/02/201821/03/2018US$2.28
Dividend13/11/201713/12/2017US$2.00
Dividend18/08/201720/09/2017US$2.00
Dividend19/05/201721/06/2017US$2.00
Dividend22/02/201722/03/2017US$2.00
Dividend11/11/201614/12/2016US$1.75

About Equinix

Sector
Finance, insurance and real estate

Questions about EQIX

How much is EQIX today?

EQIX is at US$1,012.33 (0.07% on the day), last traded on 01/10/2026.

How much did EQIX pay in dividends in 2025?

EQIX paid US$18.76 per share in 2025, a dividend yield of 2.45%.

What are the P/E and P/B of EQIX?

EQIX trades at a P/E of 65.16 and a P/B of 6.95.

How much did EQIX return in 12 months?

EQIX returned 20.67% in 12 months, with annualised volatility of 26.43% and a largest drawdown of -10.42%.