EQIX Equinix

XNGS Sideways Alert

Real Estate

· How we analyze

About the company

Equinix runs data centers where companies house their servers and connect directly with network operators and cloud providers. The company operates more than 250 sites on all continents and is organized as a real estate investment trust (REIT). As of Oct 13, 2026

Fact sheet (from the annual report) Real estate investment trusts (REITs) · Redwood City, USA

Equinix is a Delaware corporation founded in June 1998 and a real estate company with REIT tax status. The company operates data centers worldwide, organized into the regions Americas and EMEA as well as the Asia-Pacific region. In neutral colocation data centers, customers rent space and power and connect directly with networks, cloud providers and business partners. Billing is generally based on space and power used under fixed-term contracts and generates monthly recurring revenue. Customers include telecommunications and network providers, cloud and information technology providers, media companies and financial services firms.

Automatically summarized from SEC annual report (10-K, filed Feb 11, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026

Price performance at a glance

Last 30 trading days
  • Today +3.3%
  • 7 days +1.2%
  • 30 days −0.9%
  • 1 year +18.6%
Day range (last trading day)
−2.3%Price at 96% of the range+0.1%
52-week range
−27.9%Price at 68% of the range+12.9%
Distance from the all-time high
−11.5%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Gap with volume · Analysis method

This method currently detects no pattern for EQIX. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NASDAQ:EQIX

Fundamental analysis

Equinix · Sector Real Estate · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 11, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet 5 of 8 criteria met Growth Revenue and earnings per share 7 of 7 criteria met Dividend Level, consistency, coverage 4 of 7 criteria met Financial strength Piotroski, debt, liquidity 2 of 6 criteria met

Quality 5 of 8 met

  • met: Gross margin above 40% 51.1%
  • met: Operating margin above 15% 20.0%
  • met: Net margin above 10% 14.6%
  • not met: Return on equity above 15% 9.5%
  • not met: Free cash flow margin above 10% −4.3%
  • met: Profit in each of the last 5 fiscal years 5 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 2 of 3
  • met: Equity ratio above 30% 35.3%
Gross margin

51.1% Fiscal year 2025

Rank 54 of 100: higher than 54% of 153 peers (All). medium.

Sector: too few peers

Share of revenue left after the direct cost of the products sold.

Operating margin

20.0% Fiscal year 2025

Rank 59 of 100: higher than 59% of 192 peers (All). medium.

Sector: too few peers

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

14.6% Fiscal year 2025

Rank 53 of 100: higher than 53% of 237 peers (All). medium.

Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.

Median Real Estate: 14.6%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

9.5% Fiscal year 2025

Rank 30 of 100: higher than 30% of 218 peers (All). weak.

Rank 70 of 100: higher than 70% of 5 peers (Sector). strong.

Median Real Estate: 6.3%

Net income divided by equity at fiscal year end.

Return on assets

3.4% Fiscal year 2025 (total assets at year end)

Rank 31 of 100: higher than 31% of 238 peers (All). weak.

Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.

Median Real Estate: 3.4%

Net income divided by total assets at fiscal year end.

Equity ratio

35.3% Fiscal year 2025

Rank 48 of 100: higher than 48% of 239 peers (All). medium.

Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.

Median Real Estate: 41.8%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

−4.3% Fiscal year 2025

Rank 19 of 100: higher than 19% of 213 peers (All). weak.

Sector: too few peers

Free cash flow divided by revenue.

Free cash flow

−400.0M USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 7 of 7 met

  • met: Over 3 years, revenue grew by more than 5% per year +8.3%
  • met: Over 5 years, revenue grew by more than 5% per year +9.0%
  • met: Over 10 years, revenue grew by more than 5% per year +13.0%
  • met: Over 3 years, EPS grew by more than 5% per year +21.5%
  • met: Over 5 years, EPS grew by more than 5% per year +26.9%
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +5.4%
Revenue growth 3 years

+8.3% per year

Rank 48 of 100: higher than 48% of 230 peers (All). medium.

Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.

Median Real Estate: +8.3%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+9.0% per year

Rank 41 of 100: higher than 41% of 217 peers (All). medium.

Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.

Median Real Estate: +11.1%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+13.0% per year

Rank 76 of 100: higher than 76% of 157 peers (All). strong.

Sector: too few peers

Average growth per year over 10 fiscal years.

EPS growth 3 years

+21.5% per year

Rank 72 of 100: higher than 72% of 157 peers (All). strong.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

+26.9% per year

Rank 77 of 100: higher than 77% of 146 peers (All). strong.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

+15.7% per year

Rank 74 of 100: higher than 74% of 140 peers (All). strong.

Sector: too few peers

Growth of earnings per share per year, adjusted for stock splits.

Dividend 4 of 7 met

  • met: Pays a dividend 18.76 USD
  • not met: Payout ratio at most 60% of earnings 136%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
  • met: Dividend per share higher than 5 years ago +12.0%
  • not met: Free cash flow per share covers the dividend −0.2x
  • not met: Dividends paid over the last 5 years covered by free cash flow more than three times free cash flow
Payout ratio

136% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

+12.0% per year

Rank 63 of 100: higher than 63% of 118 peers (All). medium.

Sector: too few peers

Growth of the dividend per share per year.

Free cash flow coverage

−0.2x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 2 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 5 of 9
  • not met: Long-term debt no higher than equity 1.19
  • met: Current assets cover current liabilities 1.32
  • met: Positive equity 14.2B USD
  • not met: In 5 years, share count up by at most 5% +11.0%
  • not met: Free cash flow positive in the last fiscal year −400.0M USD
Piotroski F-Score

5 of 9 Fiscal year 2025

Rank 21 of 100: higher than 21% of 134 peers (All). weak.

Sector: too few peers

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

1.19 at fiscal year end

Rank 27 of 100: lower than 27% of 199 peers (All). weak.

Rank 30 of 100: lower than 30% of 5 peers (Sector). weak.

Median Real Estate: 0.66

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.32 at fiscal year end

Rank 48 of 100: higher than 48% of 215 peers (All). medium.

Sector: too few peers

Current assets divided by current liabilities.

Change in share count

+11.0% in 5 years

Rank 26 of 100: lower than 26% of 199 peers (All). weak.

Rank 70 of 100: lower than 70% of 5 peers (Sector). strong.

Median Real Estate: +26.8%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • met: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+9.0% per year), at least as fast as the sector median.
  • Light green: Net income (total) grew over 5 years (+29.6% per year), at least as fast as the sector median; per share +26.9% per year.
  • Light yellow: Net margin 14.6%, below the sector median (20.8%).
  • Light yellow: Debt higher than usual in the sector.
  • Light green: Profit in each of the last 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 3.6B USD · Net income 126.8M USD · Net margin 3.5%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 4.4B USD · Net income 233.0M USD · Net margin 5.3%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 5.1B USD · Net income 365.4M USD · Net margin 7.2%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 5.6B USD · Net income 507.5M USD · Net margin 9.1%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 6.0B USD · Net income 369.8M USD · Net margin 6.2%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 6.6B USD · Net income 500.2M USD · Net margin 7.5%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 7.3B USD · Net income 704.3M USD · Net margin 9.7%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 8.2B USD · Net income 969.2M USD · Net margin 11.8%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 8.7B USD · Net income 815.0M USD · Net margin 9.3%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 9.2B USD · Net income 1.4B USD · Net margin 14.6%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 9.2B USD · Net income 1.4B USD · Net margin 14.6%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 51.1 USD gross profit, 20.0 USD operating income and 14.6 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue9.2B USD100.0%
Gross profit4.7B USD51.1%
Cost of revenue4.5B USD48.9%
Operating income1.8B USD20.0%
Operating expenses2.9B USD31.0%
Net income1.4B USD14.6%
Taxes160.0M USD1.7%
Interest & other (net)338.0M USD3.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from 17.6% to 20.0%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 49.6% · Operating margin 17.1% · Net margin 3.5%
  2. Fiscal year 2017: Gross margin 49.8% · Operating margin 18.5% · Net margin 5.3%
  3. Fiscal year 2018: Gross margin 48.6% · Operating margin 19.3% · Net margin 7.2%
  4. Fiscal year 2019: Gross margin 49.5% · Operating margin 21.0% · Net margin 9.1%
  5. Fiscal year 2020: Gross margin 48.7% · Operating margin 17.6% · Net margin 6.2%
  6. Fiscal year 2021: Gross margin 47.7% · Operating margin 16.7% · Net margin 7.5%
  7. Fiscal year 2022: Gross margin 48.3% · Operating margin 16.5% · Net margin 9.7%
  8. Fiscal year 2023: Gross margin 48.4% · Operating margin 17.6% · Net margin 11.8%
  9. Fiscal year 2024: Gross margin 48.9% · Operating margin 15.2% · Net margin 9.3%
  10. Fiscal year 2025: Gross margin 51.1% · Operating margin 20.0% · Net margin 14.6%

Returns

Return on equity rose in 5 years from 3.5% to 9.5%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 2.9% · Return on assets 1.0%
  2. Fiscal year 2017: Return on equity 3.4% · Return on assets 1.2%
  3. Fiscal year 2018: Return on equity 5.1% · Return on assets 1.8%
  4. Fiscal year 2019: Return on equity 5.7% · Return on assets 2.1%
  5. Fiscal year 2020: Return on equity 3.5% · Return on assets 1.4%
  6. Fiscal year 2021: Return on equity 4.6% · Return on assets 1.8%
  7. Fiscal year 2022: Return on equity 6.1% · Return on assets 2.3%
  8. Fiscal year 2023: Return on equity 7.8% · Return on assets 3.0%
  9. Fiscal year 2024: Return on equity 6.0% · Return on assets 2.3%
  10. Fiscal year 2025: Return on equity 9.5% · Return on assets 3.4%

Equity and long-term debt

The equity ratio fell in 5 years from 39.4% to 35.3%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 4.4B USD · Long-term debt 3.8B USD
  2. Fiscal year 2017: Equity 6.8B USD · Long-term debt 6.9B USD
  3. Fiscal year 2018: Equity 7.2B USD · Long-term debt 8.1B USD
  4. Fiscal year 2019: Equity 8.8B USD · Long-term debt 8.3B USD
  5. Fiscal year 2020: Equity 10.6B USD · Long-term debt 9.0B USD
  6. Fiscal year 2021: Equity 10.9B USD · Long-term debt 11.0B USD
  7. Fiscal year 2022: Equity 11.5B USD · Long-term debt 12.1B USD
  8. Fiscal year 2023: Equity 12.5B USD · Long-term debt 12.1B USD
  9. Fiscal year 2024: Equity 13.5B USD · Long-term debt 13.4B USD
  10. Fiscal year 2025: Equity 14.2B USD · Long-term debt 16.9B USD

Liquidity (current ratio)

The current ratio stayed roughly the same in 5 years (1.32).

Current ratio
  1. Fiscal year 2016: Current ratio 1.43
  2. Fiscal year 2017: Current ratio 1.81
  3. Fiscal year 2018: Current ratio 1.00
  4. Fiscal year 2019: Current ratio 1.33
  5. Fiscal year 2020: Current ratio 1.29
  6. Fiscal year 2021: Current ratio 1.84
  7. Fiscal year 2022: Current ratio 1.80
  8. Fiscal year 2023: Current ratio 1.13
  9. Fiscal year 2024: Current ratio 1.63
  10. Fiscal year 2025: Current ratio 1.32

Cash flow

Free cash flow fell in 5 years from 27.3M USD to −400.0M USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 1.0B USD · Capital expenditure 1.1B USD · Free cash flow −96.8M USD
  2. Fiscal year 2017: Operating cash flow 1.4B USD · Capital expenditure 1.4B USD · Free cash flow 60.5M USD
  3. Fiscal year 2018: Operating cash flow 1.8B USD · Capital expenditure 2.1B USD · Free cash flow −280.7M USD
  4. Fiscal year 2019: Operating cash flow 2.0B USD · Capital expenditure 2.1B USD · Free cash flow −86.8M USD
  5. Fiscal year 2020: Operating cash flow 2.3B USD · Capital expenditure 2.3B USD · Free cash flow 27.3M USD
  6. Fiscal year 2021: Operating cash flow 2.5B USD · Capital expenditure 2.8B USD · Free cash flow −204.3M USD
  7. Fiscal year 2022: Operating cash flow 3.0B USD · Capital expenditure 2.3B USD · Free cash flow 685.2M USD
  8. Fiscal year 2023: Operating cash flow 3.2B USD · Capital expenditure 2.8B USD · Free cash flow 435.6M USD
  9. Fiscal year 2024: Operating cash flow 3.2B USD · Capital expenditure 3.1B USD · Free cash flow 183.0M USD
  10. Fiscal year 2025: Operating cash flow 3.9B USD · Capital expenditure 4.3B USD · Free cash flow −400.0M USD

Share count

The share count rose in 5 years by 11.0% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 70.8M
  2. Fiscal year 2017: Diluted share count 77.5M
  3. Fiscal year 2018: Diluted share count 80.2M
  4. Fiscal year 2019: Diluted share count 84.7M
  5. Fiscal year 2020: Diluted share count 88.4M
  6. Fiscal year 2021: Diluted share count 90.4M
  7. Fiscal year 2022: Diluted share count 91.8M
  8. Fiscal year 2023: Diluted share count 94.0M
  9. Fiscal year 2024: Diluted share count 95.8M
  10. Fiscal year 2025: Diluted share count 98.1M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
18.76 USD · Fiscal year 2025
Dividend growth per year
3 y +14.8%5 y +12.0%10 y +0.6%
Years without a cut
9 in a row up to now
Payout ratio
of earnings 136% of free cash flow –
Share count over 5 years
+11.0% more shares – dilution

Dividend per share

The dividend per share rose in 5 years from 10.64 USD to 18.76 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 7.00 USD
  2. Fiscal year 2017: Dividend per share 8.00 USD
  3. Fiscal year 2018: Dividend per share 9.12 USD
  4. Fiscal year 2019: Dividend per share 9.84 USD
  5. Fiscal year 2020: Dividend per share 10.64 USD
  6. Fiscal year 2021: Dividend per share 11.48 USD
  7. Fiscal year 2022: Dividend per share 12.40 USD
  8. Fiscal year 2023: Dividend per share 14.49 USD
  9. Fiscal year 2024: Dividend per share 17.04 USD
  10. Fiscal year 2025: Dividend per share 18.76 USD

Payout ratios

The payout ratio fell in 5 years from 254.5% to 136.3%.

Payout ratio (earnings)Payout ratio (free cash flow) Ratios above 500% hidden (earnings or free cash flow close to zero).
  1. Fiscal year 2016: Payout ratio (earnings) 391.1% · Payout ratio (free cash flow) not available
  2. Fiscal year 2017: Payout ratio (earnings) 266.7% · Payout ratio (free cash flow) not available
  3. Fiscal year 2018: Payout ratio (earnings) 200.0% · Payout ratio (free cash flow) not available
  4. Fiscal year 2019: Payout ratio (earnings) 164.3% · Payout ratio (free cash flow) not available
  5. Fiscal year 2020: Payout ratio (earnings) 254.5% · Payout ratio (free cash flow) not available
  6. Fiscal year 2021: Payout ratio (earnings) 207.6% · Payout ratio (free cash flow) not available
  7. Fiscal year 2022: Payout ratio (earnings) 161.7% · Payout ratio (free cash flow) 168.1%
  8. Fiscal year 2023: Payout ratio (earnings) 140.5% · Payout ratio (free cash flow) 315.5%
  9. Fiscal year 2024: Payout ratio (earnings) 200.5% · Payout ratio (free cash flow) not available
  10. Fiscal year 2025: Payout ratio (earnings) 136.3% · Payout ratio (free cash flow) not available

What goes back to shareholders

Over 5 years, 7.1B USD went back to shareholders as dividends. That is more than three times the free cash flow of those years. This was offset by new shares issued for 3.8B USD (including employee plans).

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 499.5M USD · Share repurchases 0.0 USD · New shares issued (including employee plans) 0.0 USD · Free cash flow −96.8M USD
  2. Fiscal year 2017: Dividends paid 621.5M USD · Share repurchases not available · New shares issued (including employee plans) 2.5B USD · Free cash flow 60.5M USD
  3. Fiscal year 2018: Dividends paid 738.6M USD · Share repurchases not available · New shares issued (including employee plans) 388.2M USD · Free cash flow −280.7M USD
  4. Fiscal year 2019: Dividends paid 836.2M USD · Share repurchases not available · New shares issued (including employee plans) 1.7B USD · Free cash flow −86.8M USD
  5. Fiscal year 2020: Dividends paid 947.9M USD · Share repurchases not available · New shares issued (including employee plans) 2.0B USD · Free cash flow 27.3M USD
  6. Fiscal year 2021: Dividends paid 1.0B USD · Share repurchases not available · New shares issued (including employee plans) 497.9M USD · Free cash flow −204.3M USD
  7. Fiscal year 2022: Dividends paid 1.2B USD · Share repurchases not available · New shares issued (including employee plans) 796.0M USD · Free cash flow 685.2M USD
  8. Fiscal year 2023: Dividends paid 1.4B USD · Share repurchases not available · New shares issued (including employee plans) 733.7M USD · Free cash flow 435.6M USD
  9. Fiscal year 2024: Dividends paid 1.6B USD · Share repurchases not available · New shares issued (including employee plans) 1.7B USD · Free cash flow 183.0M USD
  10. Fiscal year 2025: Dividends paid 1.9B USD · Share repurchases not available · New shares issued (including employee plans) 99.0M USD · Free cash flow −400.0M USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

Equinix next to 4 stocks of the sector Real Estate we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison EQIX, sector Real Estate; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
WELL Welltower 10.8B USD +18.7%40.1%–8.6%2.2%62.6%16.9%–
AMT American Tower 10.6B USD +5.8%–45.5%23.8%69.3%5.8%35.5%–
EQIX Equinix this stock 9.2B USD +9.0%51.1%20.0%14.6%9.5%35.3%−4.3%5/9
PLD Prologis 8.8B USD +14.6%–49.6%37.9%6.3%53.9%––
OPEN Opendoor Technologies 4.4B USD +11.1%8.0%−6.6%−29.7%−129.4%41.8%23.7%4/9
Median of the sector 5 symbols 9.2B USD +11.1%––14.6%6.3%41.8%––

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 31 symbols in the Real Estate sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+9.0% per year, last 5 years

Sector Real Estate: median +9.0% (31 symbols)

What does this mean? Revenue: over 5 years it grew by 9.0% per year on average – at least as fast as the median company in the sector (+9.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light green: above sector

+29.6% per year, last 5 years

Sector Real Estate: median +10.6% (28 symbols)

per share: +26.9% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it grew by 29.6% per year on average – at least as fast as the median company in the sector (+10.6%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

14.6% last fiscal year

Sector Real Estate: median 20.8% (30 symbols)

What does this mean? Of every 100 USD in revenue, 14.65 USD remained as profit – less than the median company in the sector (20.8%). Five years ago the margin was 6.2%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light yellow: higher than sector

1.38 latest balance sheet

Sector Real Estate: median 0.82 (23 symbols)

What does this mean? For every 1 USD of equity there is 1.38 USD of financial debt – more than the median company in the sector (0.82). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: little meaning

136% Dividend / earnings per share

Sector Real Estate: median 129% (24 symbols)

What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. REITs are legally required to pay out most of their income; the ratio to earnings says little there. Median company in the sector: 129%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light green: profit every year

10 of 10 fiscal years with a profit

What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
9.2B USD
Revenue vs. prior year
+5.4%
Net income (FY)
1.4B USD
Net income vs. prior year
+65.6%
EPS (FY)
13.76 USD
13F funds with a position
3 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−2.0%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 11, 2026 · Balance sheet Jun 30, 2026 (filed Jul 29, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 9.2B1.4B 14.6% 13.76 18.76 136%
2024Dec 31, 2024 8.7B815.0M 9.3% 8.50 17.04 200%
2023Dec 31, 2023 8.2B969.2M 11.8% 10.31 14.49 141%
2022Dec 31, 2022 7.3B704.3M 9.7% 7.67 12.40 162%
2021Dec 31, 2021 6.6B500.2M 7.5% 5.53 11.48 208%
2020Dec 31, 2020 6.0B369.8M 6.2% 4.18 10.64 255%
2019Dec 31, 2019 5.6B507.5M 9.1% 5.99 9.84 164%
2018Dec 31, 2018 5.1B365.4M 7.2% 4.56 9.12 200%
2017Dec 31, 2017 4.4B233.0M 5.3% 3.00 8.00 267%
2016Dec 31, 2016 3.6B126.8M 3.5% 1.79 7.00 391%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 2.6B479.0M 18.2% 4.83 5.16 107%
Q1/26Mar 31, 2026 2.4B415.0M 17.0% 4.20 5.16 123%
Q4/25*Dec 31, 2025 2.4B265.0M 11.0% – 4.69 –
Q3/25Sep 30, 2025 2.3B374.0M 16.1% 3.81 4.69 123%
Q2/25Jun 30, 2025 2.3B368.0M 16.3% 3.75 4.69 125%
Q1/25Mar 31, 2025 2.2B343.0M 15.4% 3.50 4.69 134%
Q4/24*Dec 31, 2024 2.3B−14.0M −0.6% – 4.26 –
Q3/24Sep 30, 2024 2.2B297.0M 13.5% 3.10 4.26 137%
Q2/24Jun 30, 2024 2.2B301.0M 13.9% 3.16 4.26 135%
Q1/24Mar 31, 2024 2.1B231.0M 10.9% 2.43 4.26 175%
Q4/23*Dec 31, 2023 2.1B227.6M 10.8% – 4.26 –
Q3/23Sep 30, 2023 2.1B275.8M 13.4% 2.93 3.41 116%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $4.9M3 people −$4.9M
6 months $00 people $20.4M8 people −$20.4M
12 months $00 people $61.2M10 people −$61.2M

Latest transactions

  • Sep 4, 2026 Paladin Michael Shane Officer Open-market sale 307 shares · $317.7K · SEC
  • Sep 2, 2026 Paladin Michael Shane Officer Open-market sale · 10b5-1 plan 150 shares · $152.8K · SEC
  • Sep 2, 2026 Paladin Michael Shane Officer Open-market sale · 10b5-1 plan 53 shares · $53.4K · SEC
  • Aug 20, 2026 Pletcher Kurt Officer Open-market sale · 10b5-1 plan 135 shares · $145.2K · SEC
  • Aug 18, 2026 Paisley Christopher B Director Open-market sale · 10b5-1 plan 125 shares · $137.9K · SEC
  • Aug 3, 2026 Paisley Christopher B Director Open-market sale 4,000 shares · $4.1M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -15

Price vs. EMA 50-15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-20
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)24.6
Rel. strength 60 d−4.1%

ATR and moving averages as price values only when logged in.

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