Equinix, Inc. (EQIX) vs Gaming and Leisure Properties, Inc. (GLPI)

Equinix, Inc. and Gaming and Leisure Properties, Inc. are both Reit Specialty companies. Equinix, Inc. is the larger, with a market value of $102.7B against $11.2B — 9.2× the size. Gaming and Leisure Properties, Inc. trades at the lower P/E: 11.4× against 64.6×. Equinix, Inc. grew revenue faster over the last twelve months: 9.64% against 5.76%. Gaming and Leisure Properties, Inc. has the higher net margin (58.5% vs 15.6%) and the higher return on invested capital (6.47% vs 4.07%). Both pay a dividend; Gaming and Leisure Properties, Inc. yields more (6.68% vs 1.70%). Across the 22 metrics below, Gaming and Leisure Properties, Inc. leads on 16 and Equinix, Inc. on 6.

Valuation

Metric EQIX GLPI Reit Specialty median
P/E 64.62 11.37 26.27
P/S 10.14 6.69 5.86
P/B 6.92 2.06 2.19
Price to free cash flow n/m 17.65 14.62
EV/EBITDA 27.26 11.38 16.22
EV/Sales 12.02 11.42 8.93
Earnings yield 1.55% 8.80% 3.43%
Free cash flow yield (2.25%) 5.67% 5.37%

Profitability

Metric EQIX GLPI Reit Specialty median
Gross margin 51.49% 100.00% 67.43%
Operating margin 21.81% 82.55% 21.38%
Net margin 15.63% 58.53% 16.14%
Free cash flow margin (22.79%) 37.93% 31.07%
Return on equity 10.77% 18.78% 4.76%
Return on assets 3.84% 7.27% 3.29%
Return on invested capital 4.07% 6.47% 4.19%

Growth

Metric EQIX GLPI Reit Specialty median
Revenue growth (TTM) 9.64% 5.76% 5.36%
EPS growth (last fiscal year) 61.88% 2.79% —
Revenue growth, 5-year CAGR 8.97% 6.70% 6.70%
Net income growth, 5-year CAGR 29.56% 10.29% 0.00%

Health

Metric EQIX GLPI Reit Specialty median
Debt to equity 1.44 1.51 0.62
Current ratio 1.13 4.74 0.70
Net debt to EBITDA 4.23 4.70 4.47

Dividend

Metric EQIX GLPI Reit Specialty median
Dividend yield 1.70% 6.68% 3.88%
Payout ratio 1.50 0.98 1.14

Size

Metric EQIX GLPI Reit Specialty median
Market cap 102.67b 11.21b 8.48b

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