EQIX vs GDS vs STX Stock Comparison

Equinix, GDS Holdings and Seagate Technology Holdings Prices as of Oct 29, 2026 Peers: Industry group
1 more company in this comparison (SIFY) Create a free account to keep reading and compare up to 10 companies.
EQIX Equinix Inc
$1,036.67 +2.1% 1M +30.0% 1Y
Market cap
$99.83B
P/E
60.6x
Revenue (TTM)
$10.06B
Div. yield
–
Data Centers Technology
1 win
GDS GDS Holdings Ltd
$23.16 -26.0% 1M -38.5% 1Y
Market cap
$4.14B
P/E
7.8x
Revenue (TTM)
$1.75B
Div. yield
–
Data Centers Technology
2 wins

Head to Head

11 decided of 12

Seagate Technology Holdings leads on 8 of the 12 questions below (Seagate Technology Holdings 8, GDS Holdings 2, Equinix 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQIXGDSSTXLeader
Larger companyMarket capitalisation $99.83B $4.14B $151.93B STX
Cheaper on earningsLower P/E, profitable companies only 60.6x 7.8x 34.6x GDS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 58.9x 44.5x 18.2x STX
Faster revenue growthRevenue growth, trailing twelve months +11.1% +15.8% +44.4% STX
More profitableNet margin, trailing twelve months 16.4% 30.1% 31.9% STX
Better return on capitalReturn on invested capital 5.7% 1.0% 82.3% STX
Less leveragedLower net debt / EBITDA 4.3x 3.1x 0.2x STX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +30.0% -38.5% +163.7% STX
Better 5-year returnAnnualised price return, 5 years +4.4%/yr -17.2%/yr +51.1%/yr STX
Less volatileAnnualised volatility, 1 year 25.8% 56.9% 73.9% EQIX
Higher overall scoreMean of the five percentile scores vs peers 56/100 68/100 67/100 GDS

Percentile Scorecard

EQIXGDSSTX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEQIXGDSSTX
Valuation 35 #25 of 38 92 #4 of 38 32 #77 of 112
Growth 37 #23 of 36 57 #16 of 36 99 #2 of 108
Profitability 82 #7 of 34 73 #10 of 34 100 #1 of 104
Financial Health 47 #20 of 37 50 #19 of 37 44 #65 of 116
Shareholder Returns 79 #5 of 20 – 62 #30 of 78
Overall 56 68 67
  • EQIX ranked among 39 companies in Cloud Computing
  • GDS ranked among 39 companies in Cloud Computing
  • STX ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEQIXGDSSTXSPY
1 month +2.1%-26.0%-23.3% +0.7%
3 months -1.0%-27.6%-17.8% +3.7%
6 months -4.3%-45.2%+4.0% +7.1%
Year to date +35.3%-33.6%+154.4% +12.8%
1 year +30.0%-38.5%+163.7% +11.9%
3 years +44.9%+126.4%+923.8% +85.2%
3 years, per year +13.2%+31.3%+117.3% +22.8%
5 years +23.8%-61.0%+686.4% +67.6%
5 years, per year +4.4%-17.2%+51.1% +10.9%
10 years +192.0%—+1,951.2% +262.0%
10 years, per year +11.3%—+35.3% +13.7%

Risk

MeasureEQIXGDSSTXSPY
Volatility, 1Y 25.8%56.9%73.9% 12.7%
Downside volatility, 1Y 22.6%58.1%76.4% 12.6%
Beta vs S&P 500, 1Y 0.562.012.53 1.00
Return / volatility, 1Y 1.16-0.682.21 0.94
Max drawdown, 5Y -40.2%-91.8%-58.2% -25.4%
From 52-week high -7.1%-51.3%-36.0% -1.2%
52-week high $1,115.94$47.52$1,094.04 $779.14
52-week low $726.09$22.14$237.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEQIXGDSSTX
P/E now vs peer median 62.1xmedian 27.6x 8.3xmedian 27.6x 36.3xmedian 32.9x
P/S now vs peer median 10.2xmedian 4.6x 2.7xmedian 4.6x 11.7xmedian 2.9x
EV/EBITDA now vs peer median 27.3xmedian 25.6x 11.3xmedian 25.6x 28.2xmedian 20.0x
P/FCF now vs peer median -41.1xmedian 15.4x 5.0xmedian 15.4x 38.7xmedian 30.2x
P/B now vs peer median 7.1xmedian 4.1x 1.1xmedian 4.1x 46.6xmedian 2.9x
PEG now vs peer median 2.89median 0.80 0.13median 0.80 0.39median 1.08

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEQIXGDSSTX
Revenue $10.06B $1.75B $13.80B
Gross profit $5.19B $436.56M $6.95B
Operating income $2.26B $82.93M $5.46B
Net income $1.65B $542.46M $4.40B
Free cash flow -$2.49B $952.99M $4.16B
R&D – $4.66M $769.00M
EPS (diluted) $16.60 $2.57 $18.95
Cash & equivalents $2.36B $2.20B $1.26B
Total debt $22.63B $15.20B $2.35B
Shares (diluted) 99.28M 205.57M 232.00M
Enterprise value $87.73B -$4.14B $146.77B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEQIXGDSSTX
P/E 62.1x 8.3x 36.3x
P/FCF -41.1x 5.0x 38.7x
P/Operating cash flow 24.6x 9.3x 33.3x
P/S 10.2x 2.7x 11.7x
P/B 7.1x 1.1x 46.6x
P/Tangible book 7.7x 1.1x 46.6x
EV/EBITDA 27.3x 11.3x 28.2x
EV/EBIT 53.7x 79.7x 29.6x
EV/Revenue 12.1x 3.8x 11.7x
EV/FCF -48.8x 6.9x 39.0x
EV/Operating cash flow 29.2x 12.9x 33.5x
PEG (3Y EPS CAGR) 2.89 0.13 0.39

Growth

14 metrics
MetricEQIXGDSSTX
Revenue growth (1Y) 11.1% 15.8% 44.4%
Revenue CAGR (3Y) 7.2% 8.1% 26.6%
Gross profit growth (1Y) 14.0% 27.6% 97.2%
Gross profit CAGR (3Y) 8.4% 14.4% 89.7%
Operating income growth (1Y) 48.1% -57.2% 150.5%
Operating income CAGR (3Y) 18.0% -5.5% 125.4%
Net income growth (1Y) 53.8% -14.6% 156.6%
Net income CAGR (3Y) 23.6% 71.9% 99.4%
EPS growth (1Y) 52.2% -26.4% 150.0%
EPS CAGR (3Y) 21.5% 65.7% 94.1%
Operating cash flow growth (1Y) 11.3% 15.3% 217.9%
Operating cash flow CAGR (3Y) 11.9% 20.0% 80.3%
Free cash flow growth (1Y) -349.4% 3.3% 241.1%
Free cash flow CAGR (3Y) -756.4% -11.1% 93.8%

Profitability

14 metrics
MetricEQIXGDSSTX
Gross margin 51.6% 24.9% 50.4%
EBITDA margin 44.4% 33.5% 41.6%
Operating margin 22.5% 4.7% 39.6%
Pretax margin 18.3% 14.8% 36.7%
Net margin 16.4% 30.1% 31.9%
FCF margin -24.8% 54.3% 30.1%
Operating cash flow margin 41.5% 29.3% 35.0%
Return on equity 11.4% 12.5% 156.4%
Return on assets 3.8% 4.4% 43.3%
Return on invested capital 5.7% 1.0% 82.3%
Return on capital employed 5.9% 0.8% 76.1%
Asset turnover 0.2x 0.1x 1.4x
Cash conversion (OCF / net income) 2.5x 0.9x 1.1x
Stock comp / revenue 5.4% 2.5% 1.6%

Financial Health

11 metrics
MetricEQIXGDSSTX
Debt / assets 50.9% 31.9% 22.8%
Debt / equity 1.6x 0.9x 0.7x
Net debt / EBITDA 4.3x 3.1x 0.2x
Debt / FCF -9.1x 4.2x 0.6x
Liabilities / assets 67.3% 64.8% 66.6%
Equity / assets 32.7% 35.2% 33.4%
Interest coverage 3.7x 0.4x 22.3x
Current ratio 1.3x 1.8x 1.8x
Quick ratio 1.1x 1.4x 1.1x
Cash ratio 0.8x 1.1x 0.4x
Altman Z-score 2.72 0.63 16.77

Shareholder Returns

7 metrics
MetricEQIXGDSSTX
Dividend yield 1.9% – 0.4%
Net buyback yield -0.1% – 0.3%
Shareholder yield 1.9% – 0.7%
Payout ratio (earnings) – – 14.8%
Payout ratio (FCF) – – 15.6%
Dividend growth (1Y) – – 7.1%
Dividend CAGR (3Y) – – 3.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEQIXGDSSTX
Forward P/E 58.9xFY2026 44.5xFY2026 18.2xFY2027
EPS, next fiscal year $17.61FY2026 $0.52FY2026 $38.53FY2027
EPS growth, next FY +28.0%FY2026 +550.0%FY2026 +147.3%FY2027
EPS growth, the year after +10.8% -103.8% +63.8%
Revenue, next fiscal year $10.81BFY2026 $1.96BFY2026 $19.55BFY2027
Revenue growth, next FY +17.3%FY2026 +20.4%FY2026 +60.2%FY2027
Revenue growth, the year after -0.7% +1.6% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQIXGDSSTX
Held by institutions 97.5% 50.9% 83.8%
Institutions holding 1,357 199 1,957
Change in shares held, QoQ +3.3% +15.4% +1.4%
Institutions buying 728 121 1,209
Institutions selling 420 61 590
Buyers to sellers 1.73 1.98 2.05

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EQIXGDSSTX
EQIX 1.00 0.22 0.30
GDS 0.22 1.00 0.35
STX 0.30 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQIX, GDS and STX?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Equinix (EQIX) $99.83B, GDS Holdings (GDS) $4.14B, Seagate Technology Holdings (STX) $151.93B.

Which stock is cheaper, EQIX, GDS and STX?

GDS Holdings (GDS) trades on the lowest price-to-earnings ratio (Equinix (EQIX) 60.6x, GDS Holdings (GDS) 7.8x, Seagate Technology Holdings (STX) 34.6x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Equinix (EQIX) 58.9x, GDS Holdings (GDS) 44.5x, Seagate Technology Holdings (STX) 18.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Seagate Technology Holdings (STX) grew revenue fastest over the trailing twelve months: Equinix (EQIX) +11.1%, GDS Holdings (GDS) +15.8%, Seagate Technology Holdings (STX) +44.4%.

Which company is more profitable?

Seagate Technology Holdings (STX) has the highest net margin (Equinix (EQIX) 16.4%, GDS Holdings (GDS) 30.1%, Seagate Technology Holdings (STX) 31.9%). On return on invested capital, Seagate Technology Holdings (STX) leads (Equinix (EQIX) 5.7%, GDS Holdings (GDS) 1.0%, Seagate Technology Holdings (STX) 82.3%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Equinix (EQIX) +30.0%, GDS Holdings (GDS) -38.5%, Seagate Technology Holdings (STX) +163.7%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Equinix (EQIX) +4.4%/yr, GDS Holdings (GDS) -17.2%/yr, Seagate Technology Holdings (STX) +51.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Equinix (EQIX) 0.00%, GDS Holdings (GDS) 0.00%, Seagate Technology Holdings (STX) 0.00%. Equinix (EQIX) and GDS Holdings (GDS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Equinix (EQIX) 25.8%, GDS Holdings (GDS) 56.9%, Seagate Technology Holdings (STX) 73.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQIX, GDS and STX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Seagate Technology Holdings (STX) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.