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Equinix Valuation Multiples
Discover revenue and EBITDA valuation multiples for Equinix and similar public comparables like Vertiv, American Tower, NTT Group, Bharti Airtel and more.
Equinix Overview
About Equinix
Equinix is one of the leading providers of cloud- and carrier-neutral data centers, offering colocation and interconnection services to hyperscalers and businesses. Equinix operates 270 properties in 77 metropolitan areas across 36 countries, serving over 10,000 customers. About 70% of Equinixβs revenue comes from renting physical space, which allows hyperscalers and other clients to store servers, data storage, and networking equipment. The other 30% of revenue is generated primarily through interconnection services (20%) and other managed services (10%).
Founded
1998
HQ

Employees
13.7K
Website
Financials (LTM)
EV
$114B
Equinix Financials
Equinix reported last 12-month revenue of $9B and EBITDA of $5B.
In the same LTM period, Equinix generated $6B in gross profit, $5B in EBITDA, and $1B in net income.
Revenue (LTM)
Equinix P&L
In the most recent fiscal year, Equinix reported revenue of $9B and EBITDA of $5B.
Equinix expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 68% | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | β | β | $17B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Equinix Stock Performance
Equinix has current market cap of $95B, and enterprise value of $114B.
Market Cap Evolution
Equinix's stock price is $966.10.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $114B | $95B | 0.0% | XXX | XXX | XXX | $13.74 |
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Start Free TrialEquinix Valuation Multiples
Equinix trades at 12.1x EV/Revenue multiple, and 24.5x EV/EBITDA.
EV / Revenue (LTM)
Equinix Financial Valuation Multiples
As of March 28, 2026, Equinix has market cap of $95B and EV of $114B.
Equity research analysts estimate Equinix's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Equinix has a P/E ratio of 67.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $95B | XXX | $95B | XXX | XXX | XXX |
| EV (current) | $114B | XXX | $114B | XXX | XXX | XXX |
| EV/Revenue | 12.1x | XXX | 12.4x | XXX | XXX | XXX |
| EV/EBITDA | 24.5x | XXX | 25.3x | XXX | XXX | XXX |
| EV/EBIT | 57.7x | XXX | 58.2x | XXX | XXX | XXX |
| EV/Gross Profit | 17.7x | XXX | 24.3x | XXX | XXX | XXX |
| P/E | 67.3x | XXX | 70.3x | XXX | XXX | XXX |
| EV/FCF | (2685.1x) | XXX | (588.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Equinix Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Equinix Margins & Growth Rates
Equinix's revenue in the last 12 month grew by 10%.
Equinix's revenue per employee in the last FY averaged $0.7M.
Equinix's rule of 40 is 60% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Equinix's rule of X is 75% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Equinix Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 60% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 7% | XXX | 10% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Equinix Public Comps
See public comps and valuation multiples for other Buildings & Property and Data Centers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vertiv | XXX | XXX | XXX | XXX | XXX | XXX |
| American Tower | XXX | XXX | XXX | XXX | XXX | XXX |
| NTT Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bharti Airtel | XXX | XXX | XXX | XXX | XXX | XXX |
| Simon Property Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Equinix M&A Activity
Equinix acquired XXX companies to date.
Last acquisition by Equinix was on XXXXXXXX, XXXXX. Equinix acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Equinix
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEquinix Investment Activity
Equinix invested in XXX companies to date.
Equinix made its latest investment on XXXXXXXX, XXXXX. Equinix invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Equinix
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Equinix
| When was Equinix founded? | Equinix was founded in 1998. |
| Where is Equinix headquartered? | Equinix is headquartered in United States. |
| How many employees does Equinix have? | As of today, Equinix has over 13K employees. |
| Who is the CEO of Equinix? | Equinix's CEO is Adaire Fox-Martin. |
| Is Equinix publicly listed? | Yes, Equinix is a public company listed on Nasdaq. |
| What is the stock symbol of Equinix? | Equinix trades under EQIX ticker. |
| When did Equinix go public? | Equinix went public in 2000. |
| Who are competitors of Equinix? | Equinix main competitors are Vertiv, American Tower, NTT Group, Bharti Airtel. |
| What is the current market cap of Equinix? | Equinix's current market cap is $95B. |
| What is the current revenue of Equinix? | Equinix's last 12 months revenue is $9B. |
| What is the current revenue growth of Equinix? | Equinix revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Equinix? | Current revenue multiple of Equinix is 12.1x. |
| Is Equinix profitable? | Yes, Equinix is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Equinix? | Equinix's last 12 months EBITDA is $5B. |
| What is Equinix's EBITDA margin? | Equinix's last 12 months EBITDA margin is 50%. |
| What is the current EV/EBITDA multiple of Equinix? | Current EBITDA multiple of Equinix is 24.5x. |
| What is the current FCF of Equinix? | Equinix's last 12 months FCF is ($43M). |
| What is Equinix's FCF margin? | Equinix's last 12 months FCF margin is (1%). |
| What is the current EV/FCF multiple of Equinix? | Current FCF multiple of Equinix is (2685.1x). |
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