Financial Ratios Equinix, Inc.

Equities

EQIX

US29444U7000

Specialized REITs

Market Closed - Nasdaq Other stock markets 21:00:00 12/12/2025 GMT			5-day change	1st Jan Change
750.32 ^USD	-0.51%		+1.18%	-20.42%

12-08	Digi Power X Inc. Appoints Jagan Jeyapaul as Chief Technology Officer	CI
12-03	Equinix CFO Taylor to Retire in 2026	DJ

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Published financial data: EQUINIX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Other Revenues, Total	5.96B	6.26B	6.72B	7.75B	8.74B
Total Revenues	5.96B	6.26B	6.72B	7.75B	8.74B
Property Expenses	3.07B	3.47B	3.75B	4.23B	4.47B
Selling General & Admin Expenses, Total	1.81B	2.04B	2.29B	2.51B	2.66B
Stock-Based Compensation (IS)	-	-	-	2.54M	3M
Total Operating Expenses	4.88B	5.52B	6.04B	6.74B	7.13B
Operating Income (REIT / Utility Template)	1.08B	745M	686M	1.01B	1.61B
Interest Expense, Total	-406M	-336M	-356M	-395M	-410M
Interest and Investment Income	8.65M	2.64M	36.27M	94.23M	137M
Net Interest Expenses	-398M	-333M	-320M	-301M	-273M
Income (Loss) on Equity Invest.	-	-	8.6M	-11.7M	-24M
Currency Exchange Gains (Loss)	-92.21M	89.96M	286M	-29.95M	165M
Other Non Operating Income (Expenses)	135M	-180M	-198M	16.69M	-241M
EBT, Excl. Unusual Items	724M	321M	463M	688M	1.24B
Restructuring Charges	-	-	-	-	-31M
Total Merger & Related Restructuring Charges	-55.94M	-22.77M	-21.84M	-12.41M	-
Gain (Loss) on Sale of Assets	1.3M	10.84M	-3.98M	5.05M	18M
Asset Writedown	-7.31M	-	-	-	-233M
Other Unusual Items	-146M	300M	392M	443M	-16M
EBT, Incl. Unusual Items	516M	609M	829M	1.12B	975M
Income Tax Expense	146M	109M	125M	155M	161M
Earnings From Continuing Operations	370M	500M	705M	969M	814M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	370M	500M	705M	969M	814M
Minority Interest	-297K	463K	-232K	198K	1M
Net Income - (IS)	370M	500M	704M	969M	815M
Net Income to Common Incl Extra Items	370M	500M	704M	969M	815M
Net Income to Common Excl. Extra Items	370M	500M	704M	969M	815M
Per Share Items
Net EPS - Basic	4.22	5.57	7.69	10.35	8.54
Basic EPS - Continuing Operations	4.22	5.57	7.69	10.35	8.54
Basic Weighted Average Shares Outstanding	87.7M	89.77M	91.57M	93.62M	95.46M
Net EPS - Diluted	4.18	5.53	7.67	10.31	8.5
Diluted EPS - Continuing Operations	4.18	5.53	7.67	10.31	8.5
Diluted Weighted Average Shares Outstanding	88.41M	90.41M	91.83M	94.01M	95.83M
Normalized Basic EPS	5.16	2.24	3.16	4.6	8.11
Normalized Diluted EPS	5.11	2.22	3.15	4.58	8.08
Dividend Per Share	10.64	11.48	12.4	14.49	17.04
Payout Ratio	256.35	208.5	163.48	141.79	201.6
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	2.51B	2.41B	2.43B	2.87B	3.62B
EBITA	1.28B	957M	898M	1.23B	1.82B
EBIT	1.08B	745M	686M	1.01B	1.61B
EBITDAR	2.74B	2.66B	2.68B	3.17B	3.93B
Effective Tax Rate - (Ratio)	28.31	17.94	15.05	13.81	16.51
Current Domestic Taxes	-6.15M	-7.6M	-787K	227K	2M
Current Foreign Taxes	171M	76.45M	83.21M	150M	189M
Total Current Taxes	165M	68.85M	82.42M	150M	191M
Deferred Domestic Taxes	-17.26M	-9.65M	21.31M	-60K	-2M
Deferred Foreign Taxes	-1.54M	50.02M	21.06M	4.9M	-28M
Total Deferred Taxes	-18.79M	40.37M	42.37M	4.84M	-30M
Normalized Net Income	452M	201M	289M	430M	774M
Interest Capitalized	26.75M	24.5M	18.15M	25.97M	36M
Interest on Long-Term Debt	465M	375M	374M	428M	606M
Supplemental Operating Expense Items
Selling and Marketing Expenses	718M	741M	787M	856M	891M
General and Administrative Expenses	1.09B	1.3B	1.5B	1.65B	1.77B
Net Rental Expense, Total	231M	255M	255M	306M	308M
Imputed Operating Lease Interest Expense	58.81M	50.85M	48.53M	60.75M	60.36M
Imputed Operating Lease Depreciation	172M	204M	206M	245M	248M
Stock-Based Comp., COGS (Total)	-	38.44M	45.03M	49.01M	58M
Stock-Based Comp., S&M Exp. (Total)	-	79.14M	82.79M	84.58M	94M
Stock-Based Comp., G&A Exp. (Total)	-	246M	276M	274M	310M
Stock-Based Comp., Other (Total)	311M	-	-	2.54M	3M
Total Stock-Based Compensation	311M	364M	404M	410M	465M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	23.15B	24.99B	27.41B	30.65B	32.14B
Accumulated Depreciation	-7.18B	-8.26B	-9.33B	-10.6B	-11.47B
Net Property Plant And Equipment	15.98B	16.73B	18.08B	20.05B	20.67B
Total Real Estate Assets	15.98B	16.73B	18.08B	20.05B	20.67B
Cash And Equivalents	1.6B	1.54B	1.91B	2.1B	3.08B
Accounts Receivable, Total	690M	747M	883M	1.06B	1.05B
Other Receivables	170M	187M	232M	247M	329M
Investment In Debt and Equity Securities	4.53M	-	-	-	-
Goodwill	5.47B	5.37B	5.65B	5.74B	5.5B
Other Intangibles, Total	2.17B	1.94B	1.9B	1.7B	1.42B
Restricted Cash	11.14M	12.19M	1.73M	500K	1M
Other Current Assets, Total	128M	474M	282M	168M	985M
Deferred Tax Assets Long-Term (Collected)	66.42M	59.82M	44.63M	62.24M	48M
Deferred Charges Long-Term	272M	328M	462M	533M	554M
Other Long-Term Assets, Total	437M	539M	869M	996M	1.45B
Total Assets	27.01B	27.92B	30.31B	32.65B	35.08B
Liabilities
Current Portion of Long-Term Debt	232M	33.09M	9.85M	1.01B	1.2B
Current Portion of Leases	292M	292M	291M	269M	333M
Long-Term Debt	10.31B	11.57B	12.75B	12.73B	14.01B
Long-Term Leases	3.09B	3.1B	3.42B	3.45B	3.42B
Accounts Payable, Total	77.7M	84.08M	116M	162M	133M
Accrued Expenses, Total	707M	744M	834M	943M	951M
Current Income Taxes Payable	59.8M	51.3M	55.2M	81.4M	109M
Unearned Revenue, Current	101M	110M	132M	125M	123M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	554M	292M	401M	575M	496M
Unearned Revenue Non Current	71.24M	87.5M	155M	154M	150M
Deferred Tax Liability Non-Current	290M	340M	383M	394M	339M
Other Non Current Liabilities	587M	336M	259M	247M	271M
Total Liabilities	16.37B	17.04B	18.8B	20.14B	21.53B
Common Stock, Total	89K	91K	93K	95K	-
Additional Paid In Capital	15.03B	15.98B	17.32B	18.6B	20.9B
Distributions In Excess Of Earnings	-3.36B	-3.9B	-4.35B	-4.76B	-5.59B
Treasury Stock	-122M	-112M	-71.97M	-56.12M	-39M
Comprehensive Income and Other	-913M	-1.09B	-1.39B	-1.29B	-1.74B
Total Common Equity	10.63B	10.88B	11.51B	12.49B	13.53B
Minority Interest	130K	-318K	-134K	24.6M	24M
Total Equity	10.63B	10.88B	11.51B	12.51B	13.55B
Total Liabilities And Equity	27.01B	27.92B	30.31B	32.65B	35.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	89.29M	90.72M	92.74M	94.62M	97.33M
ECS Total Common Shares Outstanding	89.13M	90.57M	92.62M	94.48M	97.29M
Book Value / Share	119.3	120.15	124.23	132.19	139.05
Tangible Book Value	2.99B	3.57B	3.95B	5.05B	6.61B
Tangible Book Value Per Share	33.55	39.47	42.69	53.42	67.91
Total Debt	13.92B	14.99B	16.47B	17.46B	18.96B
Net Debt	12.32B	13.46B	14.56B	15.36B	15.88B
Debt Equivalent Oper. Leases	1.85B	2.04B	2.04B	2.45B	2.46B
Minority Interest, Total (Incl. Fin. Div)	130K	-318K	-134K	24.6M	24M
Equity Method Investments, Total	163M	245M	348M	468M	519M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	944M	971M	1.25B	1.41B	1.65B
Buildings, Total	6.56B	7.38B	8.01B	8.97B	9.48B
Machinery, Total	9.66B	10.81B	11.62B	12.6B	12.89B
Full Time Employees	10.01K	10.94K	12.1K	13.15K	13.61K
Accumulated Allowance for Doubtful Accounts (Supple)	10.68M	11.64M	12.22M	17.18M	19M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	370M	500M	704M	969M	815M
Depreciation, Depletion & Amortization	1.22B	1.45B	1.53B	1.64B	1.8B
Amortization of Goodwill and Intangible Assets - (CF)	205M	212M	211M	215M	214M
Total Depreciation, Depletion & Amortization	1.43B	1.66B	1.74B	1.85B	2.02B
Amortization of Deferred Charges, Total	15.74M	17.14M	17.83M	18.72M	20M
(Gain) Loss On Sale of Asset - (CF)	-1.3M	-10.84M	3.98M	-5.05M	-18M
Total Asset Writedown	7.31M	-	-	-	233M
Provision for Credit Losses	-	10.02M	-	-	-
Stock-Based Compensation (CF)	295M	364M	404M	408M	462M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	5.07M	-	7.43M	14.84M	21M
Change in Accounts Receivable	25.41M	-1.87M	-153M	-150M	27M
Change in Accounts Payable	25.8M	64.6M	115M	161M	95M
Change In Income Taxes	-22.64M	-16.6M	-7.83M	4.11M	-9M
Change in Other Net Operating Assets (Collected)	3.6M	-179M	73.12M	-90.38M	-453M
Other Operating Activities	156M	137M	56.51M	35.24M	41M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	2.31B	2.55B	2.96B	3.22B	3.25B
Acquisition of Real Estate Assets, Total	-2.48B	-2.95B	-2.53B	-3.17B	-3.4B
Sale of Real Estate Assets, Total	334M	209M	250M	76.94M	247M
Net Sale / Acquisition of Real Estate Assets	-2.15B	-2.74B	-2.28B	-3.09B	-3.16B
Cash Acquisitions	-1.18B	-158M	-964M	-	-
Investment in Marketable and Equity Securities, Total	-98.41M	-103M	-123M	-136M	-618M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-261M
Other Investing Activities, Total	-	-	-	-	98M
Cash from Investing	-3.43B	-3.01B	-3.36B	-3.22B	-3.94B
Long-Term Debt Issued, Total	5.18B	3.88B	1.87B	902M	2.77B
Total Debt Issued	5.18B	3.88B	1.87B	902M	2.77B
Long-Term Debt Repaid, Total	-5.31B	-2.87B	-722M	-155M	-1.15B
Total Debt Repaid	-5.31B	-2.87B	-722M	-155M	-1.15B
Issuance of Common Stock	2.04B	575M	878M	820M	1.76B
Common Dividends Paid	-948M	-1.04B	-1.15B	-1.37B	-1.64B
Common & Preferred Stock Dividends Paid	-948M	-1.04B	-1.15B	-1.37B	-1.64B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-154M	-124M	-17.73M	18.07M	-19M
Cash from Financing	816M	414M	857M	211M	1.72B
Foreign Exchange Rate Adjustments	40.7M	-30.47M	-98.2M	-15.62M	-49M
Net Change in Cash	-261M	-76.24M	359M	188M	986M
Supplemental Items
Cash Interest Paid	498M	426M	430M	471M	486M
Cash Income Tax Paid (Refund)	144M	134M	140M	153M	185M
Net Debt Issued / Repaid	-126M	1.01B	1.15B	747M	1.62B
Levered Free Cash Flow	2.45B	1.66B	2.65B	2.94B	2.28B
Unlevered Free Cash Flow	2.69B	1.85B	2.85B	3.17B	2.52B
Change In Net Working Capital	-277M	640M	-278M	-276M	969M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.65	1.69	1.47	2.01	2.97
Return on Total Capital	2.89	1.85	1.59	2.19	3.22
Return On Equity %	3.8	4.65	6.29	8.07	6.25
Return on Common Equity	3.8	4.65	6.29	8.08	6.27
Margin Analysis
Gross Profit Margin %	48.44	44.53	44.2	45.48	48.87
SG&A Margin	30.34	32.64	33.99	32.37	30.41
EBITDA Margin %	42.08	38.46	36.13	36.96	41.49
EBITA Margin %	21.55	15.28	13.35	15.86	20.88
EBIT Margin %	18.1	11.89	10.21	13.08	18.43
Income From Continuing Operations Margin %	6.21	7.98	10.48	12.5	9.32
Net Income Margin %	6.2	7.99	10.48	12.5	9.33
Net Avail. For Common Margin %	6.2	7.99	10.48	12.5	9.33
Normalized Net Income Margin	7.58	3.21	4.3	5.55	8.86
Levered Free Cash Flow Margin	41.16	26.5	39.4	37.95	26.11
Unlevered Free Cash Flow Margin	45.15	29.58	42.45	40.9	28.81
Asset Turnover
Asset Turnover	0.23	0.23	0.23	0.25	0.26
Fixed Assets Turnover	0.4	0.38	0.39	0.41	0.43
Short Term Liquidity
Current Ratio	1.29	1.84	1.8	1.13	1.63
Quick Ratio	1.22	1.54	1.64	1.07	1.33
Operating Cash Flow to Current Liabilities	1.14	1.59	1.61	1.02	0.97
Average Days Payable Outstanding	7.73	8.5	9.73	12.01	12.08
Long Term Solvency
Total Debt/Equity	130.93	137.78	143.14	139.49	139.91
Total Debt / Total Capital	56.7	57.94	58.87	58.24	58.32
LT Debt/Equity	126	134.79	140.53	129.3	128.57
Long-Term Debt / Total Capital	54.56	56.69	57.8	53.99	53.59
Total Liabilities / Total Assets	60.62	61.02	62.04	61.67	61.37
EBIT / Interest Expense	2.66	2.22	1.93	2.57	3.93
EBITDA / Interest Expense	6.74	7.92	7.53	8.02	9.59
(EBITDA - Capex) / Interest Expense	6.74	7.92	7.53	8.02	9.59
Total Debt / EBITDA	5.08	5.63	6.14	5.5	4.82
Net Debt / EBITDA	4.5	5.05	5.43	4.84	4.04
Total Debt / (EBITDA - Capex)	5.08	5.63	6.14	5.5	4.82
Net Debt / (EBITDA - Capex)	4.5	5.05	5.43	4.84	4.04
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	8.75	11.34	7.4	15.34	6.59
Gross Profit, 1 Yr. Growth %	8.07	9.39	6.6	18.68	7.58
EBITDA, 1 Yr. Growth %	5.51	11.01	0.9	20.41	9.55
EBITA, 1 Yr. Growth %	-0.36	1.3	-6.16	44.93	9.09
EBIT, 1 Yr. Growth %	-0.69	0.77	-7.81	59.15	10.5
Earnings From Cont. Operations, 1 Yr. Growth %	-27.04	35.03	40.99	37.53	-16
Net Income, 1 Yr. Growth %	-27.13	35.27	40.82	37.6	-15.89
Diluted EPS Before Extra, 1 Yr. Growth %	-30.22	32.3	38.7	34.42	-17.56
Normalized Net Income, 1 Yr. Growth %	-2.5	-16	43.82	48.82	10.69
Net Property, Plant and Equip., 1 Yr. Growth %	17.25	4.69	8.07	10.91	3.08
Accounts Receivable, 1 Yr. Growth %	-1.27	8.25	18.17	19.57	-0.47
Total Assets, 1 Yr. Growth %	12.69	3.38	8.57	7.72	7.45
Common Equity, 1 Yr. Growth %	20.29	2.33	5.73	8.54	8.32
Tangible Book Value, 1 Yr. Growth %	52.86	19.54	10.61	27.64	30.91
Cash From Operations, 1 Yr. Growth %	15.91	10.28	16.33	8.55	0.99
Levered Free Cash Flow, 1 Yr. Growth %	23.6	-26	59.72	10.33	-29.4
Unlevered Free Cash Flow, 1 Yr. Growth %	18.49	-25.33	54.14	10.41	-27.01
Dividend Per Share, 1 Yr. Growth %	8.13	7.89	8.01	16.85	17.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.11	10.15	9.35	11.3	10.8
Gross Profit, 2 Yr. CAGR %	7.56	8.94	7.99	12.49	12.63
EBITDA, 2 Yr. CAGR %	5.13	8.26	5.83	9.11	14.33
EBITA, 2 Yr. CAGR %	1.54	-0.47	-2.5	13.4	21.23
EBIT, 2 Yr. CAGR %	2.06	-1.21	-3.62	16.74	24.96
Earnings From Cont. Operations, 2 Yr. CAGR %	0.64	-0.74	37.98	39.25	7.45
Net Income, 2 Yr. CAGR %	0.6	-0.72	38.01	39.2	7.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.26	-3.92	35.46	36.54	5.27
Normalized Net Income, 2 Yr. CAGR %	18.78	-12.28	9.91	46.3	21.43
Net Property, Plant and Equip., 2 Yr. CAGR %	20.38	10.79	6.37	9.48	6.93
Accounts Receivable, 2 Yr. CAGR %	3.86	3.38	13.1	18.87	9.1
Total Assets, 2 Yr. CAGR %	15.5	7.93	5.94	8.14	7.59
Common Equity, 2 Yr. CAGR %	21.37	10.95	4.02	7.13	8.43
Tangible Book Value, 2 Yr. CAGR %	676.52	35.18	14.99	18.82	29.26
Cash From Operations, 2 Yr. CAGR %	12.8	13.06	13.26	12.37	4.72
Levered Free Cash Flow, 2 Yr. CAGR %	23.2	-3.55	8.72	33.21	-11.72
Unlevered Free Cash Flow, 2 Yr. CAGR %	18.14	-5.42	7.28	30.88	-10.15
Dividend Per Share, 2 Yr. CAGR %	8.01	8.01	7.95	12.35	17.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.11	7.05	9.23	11.31	11.76
Gross Profit, 3 Yr. CAGR %	10.27	3.74	8.15	11.44	15.28
EBITDA, 3 Yr. CAGR %	10.17	1.98	5.75	9.74	14.62
EBITA, 3 Yr. CAGR %	8.31	-8.44	-2.4	9.21	24.01
EBIT, 3 Yr. CAGR %	9.29	-10.44	-3.46	11.14	29.33
Earnings From Cont. Operations, 3 Yr. CAGR %	16.68	11	11.58	37.83	17.66
Net Income, 3 Yr. CAGR %	16.65	11.04	11.55	37.88	17.67
Diluted EPS Before Extra, 3 Yr. CAGR %	11.69	6.64	8.59	35.11	15.41
Normalized Net Income, 3 Yr. CAGR %	22.74	-14.4	3.44	21.6	56.73
Net Property, Plant and Equip., 3 Yr. CAGR %	19.37	14.91	9.88	7.86	7.3
Accounts Receivable, 3 Yr. CAGR %	6.2	5.3	8.09	15.22	12.04
Total Assets, 3 Yr. CAGR %	13.05	11.31	8.14	6.53	7.91
Common Equity, 3 Yr. CAGR %	15.79	14.66	9.18	5.51	7.52
Tangible Book Value, 3 Yr. CAGR %	283.42	316.17	26.43	19.06	22.72
Cash From Operations, 3 Yr. CAGR %	17.08	11.95	14.14	11.67	8.45
Levered Free Cash Flow, 3 Yr. CAGR %	14.98	0.85	14.11	9.5	11.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.54	-1.36	11.3	8.55	10.78
Dividend Per Share, 3 Yr. CAGR %	9.97	7.97	8.01	10.84	14.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.95	11.63	9.11	8.73	11.11
Gross Profit, 5 Yr. CAGR %	15.03	9.25	6.64	7.15	12.7
EBITDA, 5 Yr. CAGR %	17.13	9.9	5.3	4.77	12.03
EBITA, 5 Yr. CAGR %	14.96	3.97	-2.35	-0.26	13.57
EBIT, 5 Yr. CAGR %	12.13	2.51	-3.65	-0.43	16.11
Earnings From Cont. Operations, 5 Yr. CAGR %	14.53	34.29	24.77	21.54	9.92
Net Income, 5 Yr. CAGR %	14.51	31.58	24.76	21.54	9.94
Diluted EPS Before Extra, 5 Yr. CAGR %	5.42	27.83	20.65	17.72	7.25
Normalized Net Income, 5 Yr. CAGR %	23.38	3.21	3.41	6.07	24.26
Net Property, Plant and Equip., 5 Yr. CAGR %	23.3	18.37	13.99	12.7	8.69
Accounts Receivable, 5 Yr. CAGR %	18.78	13.53	8.91	10.53	8.49
Total Assets, 5 Yr. CAGR %	21.13	17.23	10.15	10.03	7.92
Common Equity, 5 Yr. CAGR %	31.1	20.04	10.93	11.58	8.88
Tangible Book Value, 5 Yr. CAGR %	15.46	40.17	136.84	152.07	27.56
Cash From Operations, 5 Yr. CAGR %	20.88	20.1	15.54	12.12	10.27
Levered Free Cash Flow, 5 Yr. CAGR %	48.28	0.14	10.41	12.73	5.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	39.3	-0.23	8.6	10.45	3.99
Dividend Per Share, 5 Yr. CAGR %	9.5	10.4	9.16	9.7	11.61