Digital Realty vs Equinix DLR vs EQIX
Digital Realty and Equinix on one sheet: valuation multiples, growth, margins, debt, dividends and returns, each section labelled with the period it covers, from the companies' filings. Add or remove a stock above the sheet; the link holds the set.
DLREQIX
What differs most
- Operating margin: Equinix 21.8%, Digital Realty 11.5%.
- Debt / equity: Equinix 1.3×, Digital Realty 0.7×.
- Return on equity: Equinix 10.7%, Digital Realty 5.9%.
- One-year price return: Equinix +21.3%, Digital Realty +1.2%.
Price return
2025-10-16 → 2026-10-16
DLR+1.2%
EQIX+21.3%
Profile
latestSector
Real Estate
Real Estate
Industry
REIT - Specialty
REIT - Specialty
Market value
$65.28B
$97.29B
Enterprise value
$78.87B
$114.83B
Employees
4,282
13,716
Revenue per employee (TTM)
$1.5M
$715K
Our models
nightlythe valuation on each stock's pagePrice vs model
7% overvalued vs model
5% undervalued vs model
Model range
$147–188
$939–1107
Models in the headline
1
1
FCF growth priced in, at a 10% return
18.2%
—
Every model, its assumptions and its range: DLR valuation · EQIX valuation. The growth priced in, at any return: DLR reverse DCF · EQIX reverse DCF.
Trading
close 2026-10-16Last close
$175.97
$985.98
52-week high
$203.91
$1115.94
52-week low
$147.93
$726.09
Price vs 52-week high
−13.7%
−11.6%
Price vs 52-week low
+19.0%
+35.8%
Average daily volume / shares
0.8%
0.6%
Beta
1.01
0.97
Returns
to 2026-10-161 month
−2.8%
−3.0%
3 months
+1.4%
−2.3%
6 months
−11.6%
−7.9%
Year to date
+13.7%
+28.7%
1 year
+1.2%
+21.3%
1 year, dividends added
+4.0%
+23.8%
2 years
+8.5%
+12.0%
Valuation
DLR price × TTM to Mar 2026 · EQIX price × TTM to Jun 2026P/E (TTM)
46.7×
63.4×
P/E on consensus EPS (next FY)
64.1×
57.3×
Price / sales
10.3×
9.9×
EV / sales
12.4×
11.7×
EV / EBITDA
29.4×
26.7×
Price / book
2.8×
6.8×
Price / free cash flow (FY)
—
n/m
Free-cash-flow yield (FY)
—
−0.4%
Growth
TTM and FY2025Revenue growth (TTM)
—
—
Revenue growth, consensus next FY
+16.4%
+11.5%
Revenue, 3-year CAGR
9.2%
8.3%
Revenue, 5-year CAGR
9.4%
9.0%
EPS growth (TTM)
—
—
EPS growth, consensus next FY
−23.3%
+25.0%
EPS, 3-year CAGR
47.7%
21.5%
Free cash flow, 3-year CAGR
—
—
Diluted shares, 3-year change
+116646.5%
+6.9%
Profitability
DLR TTM to Mar 2026 · EQIX TTM to Jun 2026Gross margin (FY)†
55.4%
51.3%
Operating margin
11.5%
21.8%
EBITDA margin
42.3%
43.9%
Net margin
21.7%
15.6%
Free-cash-flow margin (FY)
—
−4.3%
Return on equity
5.9%
10.7%
Return on assets
2.8%
3.7%
Asset turnover
0.13
0.24
† Gross margin (FY): As filed. Companies draw the cost-of-revenue line in different places, so gross margins of two companies in one industry can differ for that reason alone; operating margin does not depend on where the line is drawn.
Balance sheet
DLR MRQ Mar 2026 · EQIX MRQ Jun 2026Cash
$2.43B
$979.0M
Total debt
$16.01B
$18.52B
Net debt
$13.59B
$17.54B
Debt / equity
0.7×
1.3×
Net debt / EBITDA (TTM)
5.1×
4.1×
Interest coverage (FY)
1.5×
3.2×
Current ratio (FY)
4.50
1.32
Dividends
trailing 12 monthsDividend yield
2.8%
2.0%
Dividends per share
$4.88
$20.17
Payout ratio (of TTM EPS)
129.4%
129.8%
Dividend per share, 5-year CAGR
1.2%
12.3%
Frequency
Quarterly
Quarterly
Ownership and activity
last 90 days · latest 13FTracked superinvestors holding (13F)
4
4
Insider open-market buys (Form 4)
$0
$0
Insider sales (Form 4)
$39K
$4.9M
Analyst upgrades
3
0
Analyst downgrades
0
0
Statements
DLR income TTM to Mar 2026 · cash flow FY2025 · EQIX income TTM to Jun 2026 · cash flow FY2025Revenue
$6.34B
$9.80B
EBITDA
$2.68B
$4.30B
Operating income
$730.5M
$2.14B
Net income
$1.38B
$1.53B
EPS (diluted)
$3.77
$15.54
Operating cash flow
$2.41B
$3.91B
Capital expenditure
—
−$4.31B
Free cash flow
—
−$400.0M
Dividends paid
$1.73B
$1.86B
Keep comparing
Statements from the companies' SEC filings; prices, dividends and consensus estimates from Financial Modeling Prep; insider trades from Form 4 and holdings from 13F. Refreshed nightly. A comparison of filed numbers, not a recommendation to buy, sell or hold any security.