Financials Equinix, Inc.

Equities

EQIX

US29444U7000

Specialized REITs

Market Closed - Nasdaq Other stock markets 21:00:00 13/02/2026 GMT			5-day change	1st Jan Change
956.19 ^USD	-0.18%		+12.74%	+24.80%

02-12	S&P 500, Dow gain as markets cheer resilient economy, focus shifts to earnings	RE
02-12	US Equity Markets Lower Amid Decline in Software, Financial Stocks	MT

Projected Income Statement: Equinix, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	6,636	7,263	8,188	8,748	9,217	10,199	11,081	12,159
Change	-	9.46%	12.74%	6.84%	5.36%	10.65%	8.65%	9.73%
EBITDA ¹	3,144	3,370	3,702	4,097	4,530	5,160	5,675	6,266
Change	-	7.17%	9.86%	10.67%	10.57%	13.9%	9.98%	10.43%
EBIT ¹	1,108	1,201	1,443	1,328	1,848	2,369	2,611	3,004
Change	-	8.34%	20.22%	-7.99%	39.16%	28.2%	10.22%	15.04%
Interest Paid ¹	-336.1	-356.3	-402	-457	-527	-642.8	-732.2	-839.4
Earnings before Tax (EBT) ¹	609	829.4	1,124	975	1,508	1,839	2,009	2,238
Change	-	36.2%	35.55%	-13.27%	54.67%	21.94%	9.24%	11.41%
Net income ¹	500.2	704.3	969.2	815	1,350	1,602	1,733	1,924
Change	-	40.82%	37.6%	-15.91%	65.64%	18.64%	8.2%	11.03%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,596	1,658	1,675	1,706	1,734	1,817	1,841	1,871	1,998	2,018	2,061	2,110	2,127	2,159	2,201	2,261	2,225	2,256	2,316	2,420	2,509	2,514	2,558	2,609	2,672	2,750	2,823	2,886
Change	-	3.88%	1.04%	1.86%	1.64%	4.77%	1.29%	1.64%	6.81%	1.01%	2.11%	2.4%	0.78%	1.5%	1.95%	2.73%	-1.59%	1.39%	2.66%	4.49%	3.69%	0.17%	1.76%	1.98%	2.44%	2.91%	2.67%	2.23%
EBITDA ¹	773.2	797.3	786.3	787.6	799.7	860.3	870.9	838.7	944.3	901.2	935.9	920.5	992	1,036	1,048	1,021	1,067	1,129	1,148	1,186	1,287	1,280	1,302	1,312	1,364	1,411	1,451	1,476
Change	-	3.11%	-1.38%	0.16%	1.54%	7.58%	1.23%	-3.69%	12.58%	-4.57%	3.86%	-1.65%	7.77%	4.44%	1.16%	-2.58%	4.51%	5.81%	1.68%	3.31%	8.49%	-0.54%	1.73%	0.8%	3.95%	3.44%	2.82%	1.75%
EBIT ¹	297.7	278.7	282.1	249.7	267.3	317.9	333.2	282.2	384.1	332.4	380.4	346.4	364	436	425	103	458	494	474	422	612.6	581.4	593.4	588.6	616.7	646.5	664.3	659.4
Change	-	-6.39%	1.24%	-11.48%	7.04%	18.91%	4.82%	-15.3%	36.12%	-13.47%	14.43%	-8.92%	5.08%	19.78%	-2.52%	-75.76%	344.66%	7.86%	-4.05%	-10.97%	45.15%	-5.09%	2.06%	-0.8%	4.77%	4.82%	2.75%	-0.73%
Charge d'intérêts ¹	-89.68	-87.23	-78.94	-80.23	-79.96	-90.83	-91.35	-94.2	-97.48	-99.97	-101.4	-103.2	-104	-110	-117	-126	-122	-135	-128	-142	-151.7	-160.6	-164	-171.3	-185.4	-193.8	-199.7	-208.2
Earnings before Tax (EBT) ¹	188.7	49.96	205.2	165	180.4	224.9	246.3	177.7	313.8	244.4	295.7	270.3	277	348	350	-	392	405	399	312	498.7	461.2	471.7	453.3	484.2	508	522	508.7
Change	-	-73.52%	310.83%	-19.59%	9.33%	24.63%	9.55%	-27.86%	76.57%	-22.11%	21.01%	-8.6%	2.48%	25.63%	0.57%	-	-	3.32%	-1.48%	-21.8%	59.86%	-7.52%	2.26%	-3.89%	6.83%	4.9%	2.76%	-2.55%
Net income ¹	156.4	68.34	152.2	123.3	147.5	216.3	211.8	128.8	258.8	207	275.8	227.6	231	301	297	-14	343	368	374	265	425.5	397.1	404.6	384.5	409.7	433.1	455.8	431.8
Change	-	-56.29%	122.74%	-19.01%	19.61%	46.71%	-2.09%	-39.21%	100.98%	-20%	33.21%	-17.49%	1.51%	30.3%	-1.33%	-104.71%	2,550%	7.29%	1.63%	-29.14%	60.57%	-6.68%	1.9%	-4.97%	6.54%	5.72%	5.24%	-5.26%
Announcement Date	28/04/21	28/07/21	03/11/21	16/02/22	27/04/22	27/07/22	02/11/22	15/02/23	03/05/23	02/08/23	25/10/23	14/02/24	08/05/24	07/08/24	30/10/24	12/02/25	30/04/25	30/07/25	29/10/25	11/02/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Equinix, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	12,205	13,151	12,899	13,206	19,540	20,584	23,054	24,967
Change	-	7.75%	-1.92%	2.38%	47.96%	5.34%	12%	8.3%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Equinix, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	2,752	2,278	2,781	3,066	4,311	4,251	4,441	4,622
Change	-	-17.21%	22.08%	10.25%	40.61%	-1.4%	4.49%	4.08%
Free Cash Flow (FCF) ¹	4.279	935.1	435.6	183	-400	-315.9	-302.6	180.9
Change	-	21,752.86%	-53.42%	-57.99%	-318.58%	21.02%	4.23%	159.8%
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Equinix, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	47.39%	46.39%	45.21%	46.83%	49.15%	50.59%	51.21%	51.53%
EBIT Margin (%)	16.7%	16.53%	17.63%	15.18%	20.05%	23.23%	23.57%	24.7%
EBT Margin (%)	9.18%	11.42%	13.73%	11.15%	16.36%	18.03%	18.13%	18.41%
Net margin (%)	7.54%	9.7%	11.84%	9.32%	14.65%	15.7%	15.64%	15.82%
FCF margin (%)	0.06%	12.87%	5.32%	2.09%	-4.34%	-3.1%	-2.73%	1.49%
FCF / Net Income (%)	0.86%	132.76%	44.94%	22.45%	-29.63%	-19.73%	-17.46%	9.4%
Profitability
ROA	1.82%	2.42%	3.08%	3.18%	3.59%	4.05%	4.56%	4.65%
ROE	4.65%	6.22%	8.08%	8.27%	9.75%	11.96%	13.01%	14.6%
Financial Health
Leverage (Debt/EBITDA)	3.88x	3.9x	3.48x	3.22x	4.31x	3.99x	4.06x	3.98x
Debt / Free cash flow	2,852.29x	14.06x	29.61x	72.16x	-48.85x	-65.15x	-76.2x	137.99x
Capital Intensity
CAPEX / Current Assets (%)	41.47%	31.36%	33.96%	35.05%	46.77%	41.68%	40.08%	38.02%
CAPEX / EBITDA (%)	87.51%	67.6%	75.13%	74.84%	95.17%	82.38%	78.27%	73.77%
CAPEX / FCF (%)	64,302.69%	243.61%	638.47%	1,675.41%	-1,077.75%	-1,345.4%	-1,467.89%	2,554.88%
Items per share
Cash flow per share ¹	28.17	32.27	34.22	33.9	39.86	40.79	47.33	51.12
Change	-	14.53%	6.03%	-0.91%	17.56%	2.34%	16.03%	8%
Dividend per Share ¹	11.48	-	14.49	17.04	-	20.67	22.29	24.27
Change	-	-	-	17.6%	-	-	7.83%	8.91%
Book Value Per Share ¹	121.3	125.7	132.2	139.1	-	144.7	144	146.5
Change	-	3.63%	5.2%	5.19%	-	-	-0.47%	1.72%
EPS ¹	5.53	7.67	10.31	8.5	13.76	16.12	17.34	19.16
Change	-	38.7%	34.42%	-17.56%	61.88%	17.17%	7.55%	10.51%
Nbr of stocks (in thousands)	90,041	92,538	93,883	96,488	98,186	98,255	98,255	98,255
Announcement Date	16/02/22	15/02/23	14/02/24	12/02/25	11/02/26	-	-	-