EQIX vs IRM
Equinix Inc. and Iron Mountain Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | EQIX | IRM |
|---|---|---|
| Revenue | $9.2B | $6.9B |
| Net income | $1.4B | $152.3M |
| Gross margin | 51.1% | 55.4% |
| Net margin | 14.6% | 2.2% |
| Return on equity | 9.8% | · |
| Diluted EPS | $13.76 | $0.49 |
| Dividend / share | $18.76 | $3.22 |
| Payout ratio | 137.5% | 603.9% |
| Free cash flow | $-400.0M | $-931.6M |
| Equity | $14.2B | $-981.0M |
| Net debt / equity | −0.03× | · |
| Current ratio | 1.32× | 0.74× |
| Revenue CAGR 5y | 9.0% | 10.7% |
| Profit CAGR 5y | 29.6% | −15.0% |
EQIX bills 1.3× the revenue of IRM, and keeps more of each dollar of revenue as profit (14.6% against 2.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | EQIX | IRM |
|---|---|---|
| FY2025 | $9.2B | $6.9B |
| FY2024 | $8.7B | $6.1B |
| FY2023 | $8.2B | $5.5B |
| FY2022 | $7.3B | $5.1B |
| FY2021 | $6.6B | $4.5B |
| FY2020 | $6.0B | $4.1B |
| FY2019 | $5.6B | $4.3B |
| FY2018 | $5.1B | $4.2B |
| FY2017 | $4.4B | $3.8B |
| FY2016 | $3.6B | $3.5B |
Bottom line
| Fiscal year | EQIX | IRM |
|---|---|---|
| FY2025 | $1.4B | $152.3M |
| FY2024 | $815.0M | $183.7M |
| FY2023 | $969.0M | $187.3M |
| FY2022 | $705.0M | $562.1M |
| FY2021 | $500.2M | $452.7M |
| FY2020 | $369.8M | $343.1M |
| FY2019 | $507.4M | $268.3M |
| FY2018 | $365.4M | $355.1M |
| FY2017 | $233.0M | $171.7M |
| FY2016 | $126.8M | $107.2M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,315,263,000 | EQIX |
| FY2024 | +$2,598,091,000 | EQIX |
| FY2023 | +$2,707,711,000 | EQIX |
| FY2022 | +$2,159,426,000 | EQIX |
| FY2021 | +$2,144,006,000 | EQIX |
| FY2020 | +$1,851,275,000 | EQIX |
| FY2019 | +$1,299,556,000 | EQIX |
| FY2018 | +$845,893,000 | EQIX |
| FY2017 | +$522,850,000 | EQIX |
| FY2016 | +$100,536,000 | EQIX |
| FY2015 | −$282,109,000 | IRM |
| FY2014 | −$673,917,000 | IRM |
| FY2013 | −$871,857,000 | IRM |
| FY2012 | −$1,116,579,000 | IRM |
| FY2011 | −$1,449,078,000 | IRM |
| FY2010 | −$1,696,135,000 | IRM |
| FY2009 | −$1,891,875,000 | IRM |
| FY2008 | −$2,350,454,000 | IRM |
The higher-revenue side has changed between EQIX and IRM over this period. The gap has narrowed since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +12.4 pp | EQIX |
| FY2024 | +6.3 pp | EQIX |
| FY2023 | +8.4 pp | EQIX |
| FY2022 | −1.3 pp | IRM |
| FY2021 | −2.5 pp | IRM |
| FY2020 | −2.1 pp | IRM |
| FY2019 | +2.8 pp | EQIX |
| FY2018 | −1.2 pp | IRM |
| FY2017 | +0.9 pp | EQIX |
| FY2016 | +0.5 pp | EQIX |
| FY2015 | +2.7 pp | EQIX |
| FY2014 | −21.2 pp | IRM |
| FY2013 | +1.2 pp | EQIX |
| FY2012 | +1.8 pp | EQIX |
| FY2011 | −7.3 pp | IRM |
| FY2010 | +4.9 pp | EQIX |
| FY2009 | −0.0 pp | IRM |
| FY2008 | +12.6 pp | EQIX |
The higher net margin has changed hands between EQIX and IRM over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EQIX's net margin has been more volatile than IRM's over the 18 comparable fiscal years — 5.4 percentage points of standard deviation against 3.8.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between EQIX and IRM over these 18 fiscal years — EQIX led in 11 and IRM in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IRM's return on equity has been more volatile than EQIX's over the 16 comparable fiscal years — 19.0 percentage points of standard deviation against 4.6.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between EQIX and IRM over these 16 fiscal years — EQIX led in 2 and IRM in 14.
16 of 18 comparable fiscal years — a year missing data on either side is not counted.