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 $98.7B against $11.5B — 8.6× the size. Gaming and Leisure Properties, Inc. trades at the lower P/E: 11.9× against 60.5×. Equinix, Inc. grew revenue faster over the last twelve months: 11.1% against 7.33%. Gaming and Leisure Properties, Inc. has the higher net margin (55.2% vs 16.4%) and the higher return on invested capital (6.28% vs 4.15%). Both pay a dividend; Gaming and Leisure Properties, Inc. yields more (8.23% vs 1.99%). Across the 22 metrics below, Gaming and Leisure Properties, Inc. leads on 17 and Equinix, Inc. on 5.

Valuation

Metric EQIX GLPI Reit Specialty median
P/E 60.51 11.89 27.33
P/S 9.94 6.68 5.96
P/B 6.88 2.11 1.95
Price to free cash flow n/m 21.51 17.87
EV/EBITDA 26.79 11.79 17.26
EV/Sales 11.89 11.39 8.16
Earnings yield 1.65% 8.41% 2.90%
Free cash flow yield (2.08%) 4.65% 4.57%

Profitability

Metric EQIX GLPI Reit Specialty median
Gross margin 51.58% 100.00% 59.09%
Operating margin 22.50% 79.10% 20.08%
Net margin 16.38% 55.24% 16.19%
Free cash flow margin (20.67%) 31.05% 23.67%
Return on equity 11.49% 18.14% 3.95%
Return on assets 3.99% 6.96% 3.00%
Return on invested capital 4.15% 6.28% 3.57%

Growth

Metric EQIX GLPI Reit Specialty median
Revenue growth (TTM) 11.06% 7.33% 7.33%
EPS growth (last fiscal year) 61.88% 2.79% 26.78%
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 1.60 1.52 0.35
Current ratio 1.29 5.38 0.72
Net debt to EBITDA 4.23 4.70 4.47

Dividend

Metric EQIX GLPI Reit Specialty median
Dividend yield 1.99% 8.23% 3.87%
Payout ratio 1.21 0.98 1.21

Size

Metric EQIX GLPI Reit Specialty median
Market cap 98.73b 11.47b 6.55b

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