EQIX vs PLD
Equinix Inc. and Prologis, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | EQIX | PLD |
|---|---|---|
| Revenue | $9.2B | $8.8B |
| Net income | $1.4B | $3.3B |
| Gross margin | 51.1% | · |
| Net margin | 14.6% | 40.6% |
| Return on equity | 9.8% | 6.2% |
| Diluted EPS | $13.76 | $3.56 |
| Dividend / share | $18.76 | $0.03 |
| Payout ratio | 137.5% | 113.1% |
| Free cash flow | $-400.0M | $3.2B |
| Equity | $14.2B | $53.2B |
| Net debt / equity | −0.03× | 0.64× |
| Current ratio | 1.32× | · |
| Revenue CAGR 5y | 9.0% | 14.6% |
| Profit CAGR 5y | 29.6% | 17.6% |
EQIX and PLD book revenue within 15% of each other, and PLD keeps more of each dollar of revenue as profit (40.6% against 14.6%).
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 | PLD |
|---|---|---|
| FY2025 | $9.2B | $8.8B |
| FY2024 | $8.7B | $8.2B |
| FY2023 | $8.2B | $8.0B |
| FY2022 | $7.3B | $6.0B |
| FY2021 | $6.6B | $4.8B |
| FY2020 | $6.0B | $4.4B |
| FY2019 | $5.6B | $3.3B |
| FY2018 | $5.1B | $2.8B |
| FY2017 | $4.4B | $2.6B |
| FY2016 | $3.6B | $2.5B |
Bottom line
| Fiscal year | EQIX | PLD |
|---|---|---|
| FY2025 | $1.4B | $3.3B |
| FY2024 | $815.0M | $3.7B |
| FY2023 | $969.0M | $3.1B |
| FY2022 | $705.0M | $3.4B |
| FY2021 | $500.2M | $2.9B |
| FY2020 | $369.8M | $1.5B |
| FY2019 | $507.4M | $1.6B |
| FY2018 | $365.4M | $1.6B |
| FY2017 | $233.0M | $1.7B |
| FY2016 | $126.8M | $1.2B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$426,873,000 | EQIX |
| FY2024 | +$546,390,000 | EQIX |
| FY2023 | +$164,531,000 | EQIX |
| FY2022 | +$1,289,308,000 | EQIX |
| FY2021 | +$1,876,097,000 | EQIX |
| FY2020 | +$1,559,810,000 | EQIX |
| FY2019 | +$2,231,519,000 | EQIX |
| FY2018 | +$2,267,205,000 | EQIX |
| FY2017 | +$1,750,294,000 | EQIX |
| FY2016 | +$1,078,854,000 | EQIX |
| FY2015 | +$528,793,000 | EQIX |
| FY2014 | +$682,989,000 | EQIX |
| FY2013 | +$402,280,000 | EQIX |
| FY2012 | −$73,142,000 | PLD |
| FY2011 | +$143,854,000 | EQIX |
| FY2010 | +$356,062,000 | EQIX |
| FY2009 | −$144,662,000 | PLD |
The higher-revenue side has changed between EQIX and PLD over this period. The gap has widened since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −25.9 pp | PLD |
| FY2024 | −38.8 pp | PLD |
| FY2023 | −28.7 pp | PLD |
| FY2022 | −49.8 pp | PLD |
| FY2021 | −58.6 pp | PLD |
| FY2020 | −30.3 pp | PLD |
| FY2019 | −42.0 pp | PLD |
| FY2018 | −57.8 pp | PLD |
| FY2017 | −61.9 pp | PLD |
| FY2016 | −47.5 pp | PLD |
| FY2015 | −35.2 pp | PLD |
| FY2014 | −52.7 pp | PLD |
| FY2013 | −15.7 pp | PLD |
| FY2012 | +9.1 pp | EQIX |
| FY2011 | +17.1 pp | EQIX |
| FY2010 | +154.3 pp | EQIX |
| FY2009 | +5.5 pp | EQIX |
The higher net margin has changed hands between EQIX and PLD over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PLD's net margin has been more volatile than EQIX's over the 17 comparable fiscal years — 50.2 percentage points of standard deviation against 5.1.
17 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 PLD over these 17 fiscal years — EQIX led in 4 and PLD in 13.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PLD's return on equity has been more volatile than EQIX's over the 17 comparable fiscal years — 6.1 percentage points of standard deviation against 4.3.
17 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 PLD over these 17 fiscal years — EQIX led in 8 and PLD in 9.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.