American Tower [AMT] vs Equinix [EQIX] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: American Tower Corporation wins in 15 metrics, Equinix, Inc. wins in 6 metrics, with 0 ties. American Tower Corporation appears stronger overall.

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Vital Metrics Comparison

Metric American Tower Corporation Equinix, Inc. Better
P/E Ratio (TTM) 32.36 81.29 American Tower Corporation
Price-to-Book Ratio 22.31 7.74 Equinix, Inc.
Debt-to-Equity Ratio 434.21 160.29 Equinix, Inc.
PEG Ratio -0.98 -0.04 Equinix, Inc.
EV/EBITDA 19.06 32.07 American Tower Corporation
Profit Margin (TTM) 23.76% 14.58% American Tower Corporation
Operating Margin (TTM) 44.94% 21.54% American Tower Corporation
EBITDA Margin (TTM) 44.94% 21.54% American Tower Corporation
Return on Equity 26.28% 9.72% American Tower Corporation
Return on Assets (TTM) 4.90% 3.33% American Tower Corporation
Free Cash Flow (TTM) $3.78B $-400.00M American Tower Corporation
Dividend Yield 3.87% 2.50% American Tower Corporation
1-Year Return -12.86% 18.28% Equinix, Inc.
Price-to-Sales Ratio (TTM) 7.66 11.88 American Tower Corporation
Enterprise Value $131.64B $130.60B American Tower Corporation
EV/Revenue Ratio 12.37 14.10 American Tower Corporation
Gross Profit Margin (TTM) 73.91% 50.50% American Tower Corporation
Revenue per Share (TTM) $23 $95 Equinix, Inc.
Earnings per Share (Diluted) $5.40 $13.72 Equinix, Inc.
Beta (Stock Volatility) 0.93 1.00 American Tower Corporation
Short % of Float 1.72% 2.53% American Tower Corporation

American Tower Corporation vs Equinix, Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
American Tower Corporation-0.76%-1.77%8.87%0.57%3.05%6.27%
Equinix, Inc.0.81%0.15%0.47%8.12%39.79%39.30%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
American Tower Corporation-12.86%-2.96%-29.62%75.03%272.87%521.45%
Equinix, Inc.18.28%35.61%28.33%181.88%1,001.79%2,025.73%

Performance & Financial Health Analysis: American Tower Corporation vs Equinix, Inc.

MetricAMTEQIX
Market Information
Market Cap i$83.48B$109.35B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i3,035,756480,734
90 Day Avg. Volume i3,304,055543,745
Last Close$185.76$1,064.38
52 Week Range$165.08 - $234.33$710.52 - $1,128.68
% from 52W High-20.73%-5.70%
All-Time High$303.72 (Sep 06, 2021)$1,128.68 (Apr 24, 2026)
% from All-Time High-38.84%-5.70%
Growth Metrics
Quarterly Revenue Growth0.08%0.08%
Quarterly Earnings Growth-0.33%0.07%
Financial Health
Profit Margin (TTM) i0.24%0.15%
Operating Margin (TTM) i0.45%0.22%
Return on Equity (TTM) i0.26%0.10%
Debt to Equity (MRQ) i434.21160.29
Cash & Liquidity
Book Value per Share (MRQ)$7.83$144.12
Cash per Share (MRQ)$3.16$17.58
Operating Cash Flow (TTM) i$5.46B$3.91B
Levered Free Cash Flow (TTM) i$4.51B$2.83B
Dividends
Last 12-Month Dividend Yield i3.87%2.50%
Last 12-Month Dividend i$6.80$23.92

Valuation & Enterprise Metrics Analysis: American Tower Corporation vs Equinix, Inc.

MetricAMT (Apr 24, 2026)EQIX (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i32.3681.29
Forward P/E i25.1863.30
PEG Ratio i-0.98-0.04
Price to Sales (TTM) i7.6611.88
Price to Book (MRQ) i22.317.74
Market Capitalization
Market Capitalization i$83.48B$109.35B
Enterprise Value i$131.64B$130.60B
Enterprise Value Metrics
Enterprise to Revenue i12.3714.10
Enterprise to EBITDA i19.0632.07
Risk & Other Metrics
Beta i0.931.00
Book Value per Share (MRQ) i$7.83$144.12

Financial Statements Comparison: American Tower Corporation vs Equinix, Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricAMT (2025)EQIX (2025)
Revenue/Sales i10.64B9.22B
Cost of Goods Sold i2.75B4.51B
COGS % of Revenue i25.8%48.9%
Gross Profit i7.90B4.71B
Gross Margin i74.2%51.1%
Research & Development iN/AN/A
Operating Income (EBIT) i4.93B1.97B
Operating Margin i46.3%21.3%
EBITDA i7.34B4.22B
EBITDA Margin i68.9%45.8%
Pre-Tax Income i3.04B1.51B
Pre-Tax Income % of Revenue i28.6%16.4%
Income Tax i415.70M160.00M
Income Tax % of Revenue i3.9%1.7%
Net Income (Profit) i2.63B1.35B
Profit Margin i24.7%14.6%

Balance Sheet & Liquidity Metrics

MetricAMT (2025)EQIX (2025)
Cash & Equivalents i1.47B1.73B
Total Current Assets i2.74B5.13B
Total Current Assets % of Revenue i25.8%55.6%
Total Current Liabilities i6.91B3.89B
Total Current Liabilities % of Revenue i65.0%42.2%
Long-Term Debt i40.99B21.09B
Long-Term Debt % of Revenue i385.1%228.8%
Total Shareholders Equity i10.36B14.18B
Retained Earnings i-5.09B-6.10B
Retained Earnings % of Revenue i-47.8%-66.2%
Property, Plant & Equipment i30.88B16.93B

Cash Flow Statement Comparison

MetricAMT (2025)EQIX (2025)
Operating Cash Flow i4.73B3.84B
Operating Cash Flow % of Revenue i44.4%41.7%
Capital Expenditures i-1.68B-4.31B
Free Cash Flow i3.78B-400.00M
FCF Margin i35.5%-4.3%
Debt Repayment i-9.45B-1.36B
Common Stock Repurchase i-364.60MN/A

Short Interest & Institutional Ownership Analysis

MetricAMTEQIX
Shares Short i6.98M2.18M
Short Ratio i2.153.56
Short % of Float i1.72%2.53%
Shares Outstanding i466.32M98.23M
Float Shares i464.68M97.87M
% Held by Insiders i0.09%0.28%
% Held by Institutions i96.27%99.48%
% Held by Public i3.64%0.24%

Dividend Analysis & Yield Comparison: American Tower Corporation vs Equinix, Inc.

MetricAMTEQIX
Last 12-Month Dividend i$6.80$23.92
Last 12-Month Dividend Yield i3.87%2.50%
3-Year Avg Annual Dividend i$6.58$18.48
3-Year Avg Dividend Yield i0.84%0.52%
3-Year Total Dividends i$19.73$55.45
Ex-Dividend DateDec 29, 2025Feb 25, 2026