EQIX vs WELL
Equinix Inc. and Welltower Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | EQIX | WELL |
|---|---|---|
| Revenue | $9.2B | $10.8B |
| Net income | $1.4B | $961.8M |
| Gross margin | 51.1% | 40.1% |
| Net margin | 14.6% | 8.9% |
| Return on equity | 9.8% | 2.6% |
| Diluted EPS | $13.76 | $1.39 |
| Dividend / share | $18.76 | $2.82 |
| Payout ratio | 137.5% | 195.2% |
| Free cash flow | $-400.0M | · |
| Equity | $14.2B | $42.1B |
| Net debt / equity | −0.03× | 0.34× |
| Current ratio | 1.32× | · |
| Revenue CAGR 5y | 9.0% | 18.7% |
| Profit CAGR 5y | 29.6% | −1.5% |
WELL bills 1.2× the revenue of EQIX, and EQIX keeps more of each dollar of revenue as profit (14.6% against 8.9%).
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 | WELL |
|---|---|---|
| FY2025 | $9.2B | $10.8B |
| FY2024 | $8.7B | $8.0B |
| FY2023 | $8.2B | $6.6B |
| FY2022 | $7.3B | $5.9B |
| FY2021 | $6.6B | $4.7B |
| FY2020 | $6.0B | $4.6B |
| FY2019 | $5.6B | $5.1B |
| FY2018 | $5.1B | $4.7B |
| FY2017 | $4.4B | $4.3B |
| FY2016 | $3.6B | $4.3B |
Bottom line
| Fiscal year | EQIX | WELL |
|---|---|---|
| FY2025 | $1.4B | $961.8M |
| FY2024 | $815.0M | $972.9M |
| FY2023 | $969.0M | $358.1M |
| FY2022 | $705.0M | $160.6M |
| FY2021 | $500.2M | $374.5M |
| FY2020 | $369.8M | $1.0B |
| FY2019 | $507.4M | $1.3B |
| FY2018 | $365.4M | $829.8M |
| FY2017 | $233.0M | $540.6M |
| FY2016 | $126.8M | $1.1B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$1,621,034,000 | WELL |
| FY2024 | +$756,882,000 | EQIX |
| FY2023 | +$1,550,005,000 | EQIX |
| FY2022 | +$1,402,385,000 | EQIX |
| FY2021 | +$1,893,422,000 | EQIX |
| FY2020 | +$1,392,578,000 | EQIX |
| FY2019 | +$440,834,000 | EQIX |
| FY2018 | +$371,155,000 | EQIX |
| FY2017 | +$51,787,000 | EQIX |
| FY2016 | −$669,171,000 | WELL |
| FY2015 | −$1,133,959,000 | WELL |
| FY2014 | −$899,770,000 | WELL |
| FY2013 | −$727,842,000 | WELL |
| FY2012 | +$82,332,000 | EQIX |
| FY2011 | +$252,443,000 | EQIX |
| FY2010 | +$617,643,000 | EQIX |
| FY2009 | +$359,221,000 | EQIX |
| FY2008 | +$200,155,000 | EQIX |
The higher-revenue side has changed between EQIX and WELL over this period. The gap has widened 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 | +5.8 pp | EQIX |
| FY2024 | −2.9 pp | WELL |
| FY2023 | +6.4 pp | EQIX |
| FY2022 | +7.0 pp | EQIX |
| FY2021 | −0.4 pp | WELL |
| FY2020 | −16.4 pp | WELL |
| FY2019 | −16.9 pp | WELL |
| FY2018 | −10.4 pp | WELL |
| FY2017 | −7.2 pp | WELL |
| FY2016 | −21.8 pp | WELL |
| FY2015 | −16.1 pp | WELL |
| FY2014 | −26.0 pp | WELL |
| FY2013 | −0.3 pp | WELL |
| FY2012 | −8.7 pp | WELL |
| FY2011 | −10.2 pp | WELL |
| FY2010 | −19.2 pp | WELL |
| FY2009 | −29.0 pp | WELL |
| FY2008 | −40.9 pp | WELL |
The higher net margin has changed hands between EQIX and WELL over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
WELL's net margin has been more volatile than EQIX's over the 18 comparable fiscal years — 12.5 percentage points of standard deviation against 5.4.
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 WELL over these 18 fiscal years — EQIX led in 3 and WELL in 15.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EQIX's return on equity has been more volatile than WELL's over the 18 comparable fiscal years — 4.5 percentage points of standard deviation against 2.4.
18 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 WELL over these 18 fiscal years — EQIX led in 12 and WELL in 6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.