Equinix, Inc. (EQIX) Stock

Equinix, Inc. (EQIX) is a Real Estate stock trading at $1065.43 (as of 2026-08-21), with a market capitalization of $105.13B and a trailing P/E of 62.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Equinix operates digital infrastructure that brings together and interconnects foundational IT infrastructure and supporting ecosystem partners. It provides organizations with access to data center and interconnection locations for deploying and scaling digital services.

Understand Equinix, Inc.: how it makes money

Equinix operates digital infrastructure, providing a platform for customers to access and interconnect foundational data center infrastructure, and it makes money primarily through recurring revenues tied to interconnection and related services.

The profit model is driven by recurring revenues (Recurring Revenues are 2.33B), with additional contribution from interconnection revenues (0.42B) and incremental revenue from power pricing (0.09B).

Business quality (Solid): Good visibility into the recurring versus non-recurring mix and the size of interconnection and power pricing revenue streams, but no clean official segment breakdown was provided.

Valuation: At 76× earnings, EQIX trades 125% above the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Recurring revenue base is large: Recurring Revenues are 2.33B versus Non-recurring revenue of 0.17B.
  • Interconnection is a meaningful revenue stream: Interconnection revenues are 0.42B, consistent with the company enabling interconnection on its platform.

Bear case

  • Limited diversification from non-recurring revenue: Non-recurring revenue is smaller (0.17B), so a shift away from recurring demand would be harder to offset with one-time items.
  • Power pricing contribution may be incremental, not dominant: Incremental revenue from power pricing is 0.09B, so it may not fully compensate if other revenue components weaken.
Valuation — source: SEC EDGAR (first-party)
Price$1065.43
Market Cap$105.13B
P/E Ratio62.5
EV / EBITDA27.8
Price / Book7.31
Price / Sales10.70
FCF Yield0.5%
DCF Value (model)$144.04
DCF Upside vs Price-86.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$9.22B
Net Margin14.6%
Revenue Growth (YoY)5.4%
EPS Growth (YoY)61.5%
FCF Growth (YoY)-318.6%
Financial Health — source: SEC EDGAR
Altman Z-Score3.05 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E62.5
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
vs Sector129.9%
vs Industry76.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($10.91B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorReal Estate
IndustryTrading
CEOAdaire Rita Fox-Martin
Employees13,606
CountryUS
IPO Date2000-08-11

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EQIX earnings history · EQIX institutional & insider holders · EQIX KPIs & operating metrics · EQIX financials · EQIX investor presentations & press releases · EQIX SEC filings · EQIX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.