Equinix

Real Estate Data Center REITs Redwood City, California Last filing Feb 11, 2026 · FY2025

                    Revenue
                    FY2025
                
$9.2B
                    3y CAGR +8.3%
                    
                    P57
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.4B
                    Net margin +14.6%
                    
                    P40
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$40.1B
                    ROA +3.4%
                    
                    P48
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$3.9B
                    
                    n/a

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

34 accounts · 1 year

Total assets $40.1B

Total liabilities $26.0B

Shareholders equity $14.2B

Account	2025	Trend
Assets
Cash and Cash Equivalents	4.3%
Short Term Investments	3.7%
Accounts Receivable	2.5%
Prepaid Expenses	2.2%
Other Current Assets	2.2%
Total Current Assets	12.8%
Property,Plant and Equipment	58.8%
Operating Lease Assets	3.5%
Goodwill	14.9%
Intangible Assets	3.3%
Long Term Investments	1.4%
Other Noncurrent Assets	6.8%
Total Assets	100.0%
Liabilities
Accounts Payable	3.4%
Accrued Liabilities	0.0%
Deferred Revenue	0.3%
Operating Lease Liabilities	0.4%
Other Current Liabilities	0.8%
Total Current Liabilities	9.7%
Long Term Debt	0.0%
Deferred Revenue Noncurrent	0.4%
Operating Lease Liabilities Noncurrent	3.2%
Deferred Tax Liabilities	0.0%
Other Noncurrent Liabilities	2.4%
Total Liabilities	64.7%
Equity
Preferred Stock	0.0%
Common Stock	0.0%
Additional Paid In Capital	53.9%
Retained Earnings	15.2%
Treasury Stock	0.0%
Accumulated Other Comprehensive Income	-3.4%
Noncontrolling Interest	-0.0%
Total Stockholders Equity	35.3%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 1 year

Revenue $9.2B

Operating income $1.8B

Net income $1.4B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	23.0%
Expenses Cost of Revenue	11.2%
Expenses Selling,General and Administrative	4.6%
Expenses Depreciation and Amortization	5.1%
Expenses Share Based Compensation	1.2%
Expenses Restructuring and Asset Impairment	0.1%
Expenses Operating Expenses	18.4%
Other Income Expense Operating Income	4.6%
Other Income Expense Interest Income	0.5%
Other Income Expense Interest Expense	0.3%
Other Income Expense Other Income/expense	-0.0%
Other Income Expense Income Before Tax	3.8%
Income Tax Income Tax Expense	0.4%
net Income net Income	3.4%
net Income Comprehensive Income	4.3%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	0.2%
Earnings Per Share Weighted Average Shares Diluted	0.2%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 1 year

Operating cash flow $3.9B

Investing cash flow $-6.5B

Financing cash flow $1.3B

Account	2025	Trend
CashFlow
Operating Activities net Income	3.4%
Operating Activities Depreciation and Amortization	5.1%
Operating Activities Stock Based Compensation	1.2%
Operating Activities Deferred Income Taxes	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	-0.3%
Operating Activities net Cash From Operating Activities	9.7%
Investing Activities Business Acquisitions	0.6%
Investing Activities net Cash From Investing Activities	-16.2%
Financing Activities Proceeds From Debt	10.7%
Financing Activities Repayment of Debt	3.0%
Financing Activities Dividends Paid	4.6%
Financing Activities Proceeds From Stock Issuance	0.2%
Financing Activities Other Financing Activities	-0.1%
Financing Activities net Cash From Financing Activities	3.2%
Cash Reconciliation Effect of Exchange Rate On Cash	0.1%
Cash Reconciliation net Change In Cash	-3.1%
Cash Reconciliation Cash At Beginning of Period	4.5%
Cash Reconciliation Cash At End of Period	4.5%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+51.1%
Operating margin	+20.0%
Net margin	+14.6%
FCF margin	—
Growth
Revenue CAGR (3y)	+8.3%
Returns
ROE	+9.5%
ROA	+3.4%
ROIC	+13.3%
Liquidity
Current ratio	1.32x
Quick ratio	0.70x
Leverage
D/E	1.83x
Interest coverage	15.27x
Efficiency
Asset turnover	0.23x
Cash conversion cycle	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

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