Equinix (EQIX)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from EQIX's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Equinix's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.6B | $7.3B | $8.2B | $8.7B | $9.2B |
| Net income | $500M | $705M | $969M | $815M | $1.4B |
| Free cash flow | -$204M | $685M | $436M | $183M | -$400M |
| EPS (diluted) | $5.53 | $7.67 | $10.31 | $8.50 | $13.76 |
| Operating margin | 16.7% | 16.5% | 17.6% | 15.2% | 20.0% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own EQIX
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Philippe Laffont Coatue Management |
Added | $1.3B | 2.7% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $513M | 0.18% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $204M | 0.31% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $43M | 0.04% | Q2 2026 |
| Stanley Druckenmiller Duquesne Family Office |
New position | $19M | 0.37% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $4M | 0.01% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $567,060 | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Equinix's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Feb 17, 2026 | Ro Khanna |
0 | $951.97 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $951.97 | — |
| Feb 6, 2026 | Ro Khanna |
0 | $848.12 | — |
| Feb 6, 2026 | Ro Khanna |
0 | $848.12 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $807.56 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $807.56 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $791.27 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $791.27 | — |
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In the full deep dive
Questions
Are Equinix insiders buying the stock?
8 open-market insider purchases of EQIX in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Equinix?
7 of the superinvestors Investingly tracks hold EQIX in their latest 13F, including Philippe Laffont, Cliff Asness, Ron Baron.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.