Equinix, Inc. EQIX
- Market cap
- $102.7B
- P/E
- 64.6×
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Equinix, Inc. (EQIX) Free cash flow margin
Equinix, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was −22.8%, down 7.7 percentage points from fiscal 2025 (−15.1%). Over the past ten years it has ranged from −15.1% (fiscal 2025) to 20.2% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Reit Specialty industry median of 31.1% and below the Real Estate sector median of 9.94%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | −15.1% | (16.18) |
| FY2024 | 1.06% | (0.52) |
| FY2023 | 1.58% | (7.88) |
| FY2022 | 9.46% | 12.44 |
| FY2021 | −2.98% | (5.67) |
| FY2020 | 2.69% | 0.84 |
| FY2019 | 1.85% | 10.74 |
| FY2018 | −8.89% | (9.19) |
| FY2017 | 0.30% | (19.90) |
| FY2016 | 20.2% | 20.62 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| CCI Crown Castle Inc. compare | 57.8% |
| DLR Digital Realty Trust, Inc. compare | 54.4% |
| SBAC SBA Communications Corporation compare | 46.9% |
| GLPI Gaming and Leisure Properties, Inc. compare | 37.9% |
| AMT American Tower Corporation compare | 36.2% |
| LAMR Lamar Advertising Company compare | 31.8% |
| WY Weyerhaeuser Company compare | −2.06% |
| IRM Iron Mountain Incorporated compare | −7.87% |
| EQIX Equinix, Inc. | −22.8% |
| Reit Specialty industry median | 31.1% |
| Real Estate sector median | 9.94% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on EQIX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement