EQIX vs GDS vs STX Stock Comparison

Equinix, GDS Holdings and Seagate Technology Holdings Prices as of Oct 26, 2026 Peers: Industry group
EQIX Equinix Inc
$967.65 -4.0% 1M +15.3% 1Y
Market cap
$98.60B
P/E
64.3x
Revenue (TTM)
$9.81B
Div. yield
–
Data Centers Technology
1 win
GDS GDS Holdings Ltd
$22.81 -30.4% 1M -34.7% 1Y
Market cap
$4.34B
P/E
8.2x
Revenue (TTM)
$1.75B
Div. yield
–
Data Centers Technology
3 wins

Head to Head

11 decided of 12

Seagate Technology Holdings leads on 7 of the 12 questions below (Seagate Technology Holdings 7, GDS Holdings 3, 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 $98.60B $4.34B $146.83B STX
Cheaper on earningsLower P/E, profitable companies only 64.3x 8.2x 46.1x GDS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 54.9x 43.9x 16.7x STX
Faster revenue growthRevenue growth, trailing twelve months +9.6% +15.8% +34.1% STX
More profitableNet margin, trailing twelve months 15.6% 30.1% 26.1% GDS
Better return on capitalReturn on invested capital 5.6% 1.0% 66.1% STX
Less leveragedLower net debt / EBITDA 4.0x 3.1x 0.4x STX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +15.3% -34.7% +175.2% STX
Better 5-year returnAnnualised price return, 5 years +3.2%/yr -17.5%/yr +48.9%/yr STX
Less volatileAnnualised volatility, 1 year 25.8% 57.0% 76.0% EQIX
Higher overall scoreMean of the five percentile scores vs peers 56/100 69/100 62/100 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 95 #3 of 38 26 #83 of 111
Growth 37 #23 of 36 57 #16 of 36 98 #3 of 108
Profitability 82 #7 of 34 73 #10 of 34 97 #4 of 104
Financial Health 49 #20 of 38 51 #19 of 38 35 #75 of 115
Shareholder Returns 75 #6 of 21 – 56 #36 of 81
Overall 56 69 62
  • 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 -4.0%-30.4%-29.7% -0.8%
3 months -7.6%-27.3%-21.1% +3.5%
6 months -11.2%-48.1%+8.1% +7.0%
Year to date +26.3%-34.6%+133.9% +12.2%
1 year +15.3%-34.7%+175.2% +13.0%
3 years +36.2%+137.9%+844.6% +86.3%
3 years, per year +10.9%+33.5%+111.5% +23.1%
5 years +17.3%-61.7%+631.8% +68.6%
5 years, per year +3.2%-17.5%+48.9% +11.0%
10 years +163.0%—+1,749.1% +258.0%
10 years, per year +10.2%—+33.9% +13.6%

Risk

MeasureEQIXGDSSTXSPY
Volatility, 1Y 25.8%57.0%76.0% 12.7%
Downside volatility, 1Y 23.1%58.0%76.2% 12.7%
Beta vs S&P 500, 1Y 0.552.002.52 1.00
Return / volatility, 1Y 0.59-0.612.31 1.02
Max drawdown, 5Y -40.4%-91.8%-58.2% -25.4%
From 52-week high -13.3%-52.0%-41.1% -1.8%
52-week high $1,115.94$47.52$1,094.04 $779.14
52-week low $726.09$22.14$223.00 $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 62.3xmedian 29.6x 8.2xmedian 29.6x 44.3xmedian 32.0x
P/S now vs peer median 9.7xmedian 4.2x 2.7xmedian 4.2x 12.0xmedian 2.8x
EV/EBITDA now vs peer median 26.1xmedian 24.2x 11.1xmedian 24.2x 33.9xmedian 19.4x
P/FCF now vs peer median -37.0xmedian 15.1x 4.9xmedian 15.1x 47.1xmedian 29.0x
P/B now vs peer median 6.6xmedian 3.9x 1.1xmedian 3.9x 67.4xmedian 2.9x
PEG now vs peer median 2.88median 0.38 0.12median 0.38 0.47median 1.13

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 $9.81B $1.75B $12.20B
Gross profit $5.05B $436.56M $5.56B
Operating income $2.14B $82.93M $4.09B
Net income $1.53B $542.46M $3.18B
Free cash flow -$2.58B $952.99M $3.10B
R&D – $4.66M $755.00M
EPS (diluted) $15.46 $2.57 $13.90
Cash & equivalents $979.00M $2.20B $1.70B
Total debt $19.70B $15.20B $3.57B
Shares (diluted) 99.14M 205.57M 229.00M
Enterprise value $87.17B -$3.94B $141.82B

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 62.3x 8.2x 44.3x
P/FCF -37.0x 4.9x 47.1x
P/Operating cash flow 24.2x 9.2x 39.8x
P/S 9.7x 2.7x 12.0x
P/B 6.6x 1.1x 67.4x
P/Tangible book 7.2x 1.1x 67.4x
EV/EBITDA 26.1x 11.1x 33.9x
EV/EBIT 52.8x 78.8x 36.1x
EV/Revenue 11.5x 3.7x 12.1x
EV/FCF -43.7x 6.9x 47.7x
EV/Operating cash flow 28.7x 12.7x 40.3x
PEG (3Y EPS CAGR) 2.88 0.12 0.47

Growth

14 metrics
MetricEQIXGDSSTX
Revenue growth (1Y) 9.6% 15.8% 34.1%
Revenue CAGR (3Y) 7.2% 8.1% 18.2%
Gross profit growth (1Y) 12.7% 27.6% 73.7%
Gross profit CAGR (3Y) 8.2% 14.4% 60.2%
Operating income growth (1Y) 44.5% -57.2% 116.6%
Operating income CAGR (3Y) 17.1% -5.5% 140.8%
Net income growth (1Y) 54.2% -14.6% 116.7%
Net income CAGR (3Y) 23.8% 71.9% 100.2%
EPS growth (1Y) 52.5% -26.4% 105.4%
EPS CAGR (3Y) 21.6% 65.7% 95.2%
Operating cash flow growth (1Y) 12.9% 15.3% 239.2%
Operating cash flow CAGR (3Y) 9.4% 20.0% 57.4%
Free cash flow growth (1Y) -860.2% 3.3% 279.3%
Free cash flow CAGR (3Y) -142.7% -11.1% 70.6%

Profitability

14 metrics
MetricEQIXGDSSTX
Gross margin 51.5% 24.9% 45.6%
EBITDA margin 44.1% 33.5% 35.8%
Operating margin 21.8% 4.7% 33.6%
Pretax margin 17.4% 14.8% 30.3%
Net margin 15.6% 30.1% 26.1%
FCF margin -26.3% 54.3% 25.4%
Operating cash flow margin 40.2% 29.3% 30.1%
Return on equity 10.7% 12.5% 195.2%
Return on assets 3.7% 4.4% 33.8%
Return on invested capital 5.6% 1.0% 66.1%
Return on capital employed 5.8% 0.8% 64.9%
Asset turnover 0.2x 0.1x 1.3x
Cash conversion (OCF / net income) 2.6x 0.9x 1.2x
Stock comp / revenue 5.4% 2.5% 1.7%

Financial Health

11 metrics
MetricEQIXGDSSTX
Debt / assets 48.0% 31.9% 35.8%
Debt / equity 1.4x 0.9x 1.6x
Net debt / EBITDA 4.0x 3.1x 0.4x
Debt / FCF -7.6x 4.2x 1.1x
Liabilities / assets 65.0% 64.8% 78.3%
Equity / assets 35.0% 35.2% 21.7%
Interest coverage 3.8x 0.4x 14.4x
Current ratio 1.1x 1.8x 1.7x
Quick ratio 0.9x 1.4x 1.1x
Cash ratio 0.6x 1.1x 0.5x
Altman Z-score 2.81 0.62 13.23

Shareholder Returns

7 metrics
MetricEQIXGDSSTX
Dividend yield 2.1% – 0.5%
Net buyback yield -0.1% – 0.1%
Shareholder yield 2.0% – 0.5%
Payout ratio (earnings) – – 19.9%
Payout ratio (FCF) – – 20.4%
Dividend growth (1Y) – – 5.7%
Dividend CAGR (3Y) – – 2.9%

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 54.9xFY2026 43.9xFY2026 16.7xFY2027
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 1,356 198 1,955
Change in shares held, QoQ +3.3% +15.4% +1.4%
Institutions buying 727 120 1,207
Institutions selling 420 61 590
Buyers to sellers 1.73 1.97 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 0.20 0.26
GDS 0.20 1.00 0.35
STX 0.26 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) $98.60B, GDS Holdings (GDS) $4.34B, Seagate Technology Holdings (STX) $146.83B.

Which stock is cheaper, EQIX, GDS and STX?

GDS Holdings (GDS) trades on the lowest price-to-earnings ratio (Equinix (EQIX) 64.3x, GDS Holdings (GDS) 8.2x, Seagate Technology Holdings (STX) 46.1x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Equinix (EQIX) 54.9x, GDS Holdings (GDS) 43.9x, Seagate Technology Holdings (STX) 16.7x). 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) +9.6%, GDS Holdings (GDS) +15.8%, Seagate Technology Holdings (STX) +34.1%.

Which company is more profitable?

GDS Holdings (GDS) has the highest net margin (Equinix (EQIX) 15.6%, GDS Holdings (GDS) 30.1%, Seagate Technology Holdings (STX) 26.1%). On return on invested capital, Seagate Technology Holdings (STX) leads (Equinix (EQIX) 5.6%, GDS Holdings (GDS) 1.0%, Seagate Technology Holdings (STX) 66.1%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Equinix (EQIX) +15.3%, GDS Holdings (GDS) -34.7%, Seagate Technology Holdings (STX) +175.2%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Equinix (EQIX) +3.2%/yr, GDS Holdings (GDS) -17.5%/yr, Seagate Technology Holdings (STX) +48.9%/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) 57.0%, Seagate Technology Holdings (STX) 76.0%). 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 7. 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.