The Tip Desk

EQUINIX INC

Company Stats

Market Cap
$99.8B
as of Sep 30, 2026
Enterprise Value
$117.1B
Shares Outstanding
98.7M
Free Float
99.1%

Income Statement

Revenue
$9.2B
Operating Income
$1.8B
Net Income
$1.4B
EBITDA
$3.9B
Non-cash Impairment
$68.0M
Revenue Growth, 3Y
8.3%
FCF Margin, 3Y Avg
1.0%
FCF Margin, Worst Year
-4.3%

Cash Flow

Free Cash Flow
-$400.0M
FCF Yield
-0.4%
Owner FCF Yield
-0.9%

Balance Sheet

Cash & Equivalents
$1.7B
Total Debt
$19.1B
Net Debt
$17.3B
Net Debt / EBITDA
4.45x
EV / EBITDA
30.05x
Net Debt / EBIT
9.38x

Returns & Capital

Dividends Paid
$1.9B
Dividend Yield
1.9%
Dividend Payout, 3Y Avg
160.3%
SBC, 3Y Avg
$455.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$9.2B-$400.0M-4.3%
FY2024$8.7B$183.0M2.1%
FY2023$8.2B$436.0M5.3%
FY2022$7.3B$685.0M9.4%
FY2021$6.6B-$204.3M-3.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage