Equinix (EQIX) | Financial Analysis & Statements

Equinix, Inc. | Large-cap | Real Estate

$787.00

-1.02%

Equinix vs American Tower Equinix vs Digital Realty Equinix vs Crown Castle Equinix vs Iron Mountain Equinix vs SBA Communications Equinix vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 8.7B

Gross Profit 4.3B 48.94%

Operating Income 1.6B 18.56%

Net Income 814.0M 9.30%

EPS (Diluted) $8.50

Balance Sheet Metrics

Total Assets 35.1B

Total Liabilities 21.5B

Shareholders Equity 13.6B

Debt to Equity 1.59

Cash Flow Metrics

Operating Cash Flow 2.9B

Free Cash Flow 183.0M

Revenue & Profitability Trend

Equinix Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	8.7B	8.2B	7.3B	6.6B	6.0B
Cost of Goods Sold	4.5B	4.2B	3.8B	3.5B	3.1B
Gross Profit	4.3B	4.0B	3.5B	3.2B	2.9B
Operating Expenses	2.7B	2.5B	2.3B	2.0B	1.8B
Operating Income	1.6B	1.5B	1.2B	1.1B	1.1B
Pre-tax Income	975.0M	1.1B	829.4M	609.0M	516.2M
Income Tax	161.0M	155.2M	124.8M	109.2M	146.2M
Net Income	814.0M	969.0M	704.6M	499.7M	370.1M
EPS (Diluted)	$8.50	$10.31	$7.67	$5.53	$4.18

Income Statement Trend

Equinix Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	5.4B	3.6B	3.3B	3.0B	2.6B
Non-Current Assets	29.6B	29.1B	27.0B	25.0B	24.4B
Total Assets	35.1B	32.7B	30.3B	27.9B	27.0B
Liabilities
Current Liabilities	3.3B	3.2B	1.8B	1.6B	2.0B
Non-Current Liabilities	18.2B	17.0B	17.0B	15.4B	14.3B
Total Liabilities	21.5B	20.1B	18.8B	17.0B	16.4B
Equity
Total Shareholders Equity	13.6B	12.5B	11.5B	10.9B	10.6B

Balance Sheet Composition

Equinix Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	814.0M	969.0M	704.6M	499.7M	370.1M
Operating Cash Flow	2.9B	3.0B	2.8B	2.4B	2.1B
Investing Activities
Capital Expenditures	-3.1B	-2.8B	-2.3B	-2.8B	-2.3B
Investing Cash Flow	-3.6B	-2.8B	-3.1B	-2.8B	-3.2B
Financing Activities
Dividends Paid	-1.6B	-1.4B	-1.2B	-1.0B	-947.9M
Financing Cash Flow	1.6B	124.6M	775.2M	336.1M	753.4M
Free Cash Flow	183.0M	435.6M	685.2M	-204.3M	27.3M

Cash Flow Trend

Equinix Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 93.29

Forward P/E 66.52

Price to Book 6.27

Price to Sales 9.88

PEG Ratio 66.52

Profitability Ratios

Profit Margin 10.52%

Operating Margin 20.66%

Return on Equity 7.06%

Return on Assets 3.12%

Financial Health

Current Ratio 1.44

Debt to Equity 141.24

Beta 0.96

Per Share Data

EPS (TTM) $9.54

Book Value per Share $141.99

Revenue per Share $91.65

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
eqix	87.1B	93.29	6.27	7.06%	10.52%	141.24
American Tower	101.8B	35.19	28.80	28.42%	17.94%	446.68
Digital Realty	60.2B	167.07	2.87	1.85%	7.81%	79.55
Crown Castle	44.6B	36.57	-35.60	-163.21%	-71.80%	-23.68
Iron Mountain	29.9B	247.15	-73.10	-79.54%	1.95%	-41.22
SBA Communications	25.4B	31.25	-5.19	-14.83%	30.37%	-2.98

Financial data is updated regularly. All figures are in the company's reporting currency.