EQIX vs HPE vs STX Stock Comparison

Equinix, Hewlett Packard Enterprise and Seagate Technology Holdings Prices as of Nov 2, 2026 Peers: Industry group
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EQIX Equinix Inc
$993.69 -3.1% 1M +17.5% 1Y
Market cap
$98.36B
P/E
59.6x
Revenue (TTM)
$10.06B
Div. yield
2.03%
Data Centers Technology
2 wins

Head to Head

12 decided of 12

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

QuestionEQIXHPESTXLeader
Larger companyMarket capitalisation $98.36B $67.95B $136.39B STX
Cheaper on earningsLower P/E, profitable companies only 59.6x 24.7x 30.8x HPE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 56.4x 12.7x 15.4x HPE
Faster revenue growthRevenue growth, trailing twelve months +11.1% +26.6% +44.4% STX
More profitableNet margin, trailing twelve months 16.4% 6.6% 31.9% STX
Better return on capitalReturn on invested capital 5.7% 5.6% 82.3% STX
Less leveragedLower net debt / EBITDA 4.3x 2.3x 0.2x STX
Higher dividend yieldTrailing dividend yield 2.03% 1.10% 0.50% EQIX
Better 1-year returnPrice return, last 12 months +17.5% +109.5% +132.0% STX
Better 5-year returnAnnualised price return, 5 years +3.5%/yr +27.4%/yr +44.8%/yr STX
Less volatileAnnualised volatility, 1 year 25.6% 59.3% 75.0% EQIX
Higher overall scoreMean of the five percentile scores vs peers 55/100 62/100 67/100 STX

Percentile Scorecard

EQIXHPESTX

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

AxisEQIXHPESTX
Valuation 36 #24 of 37 78 #26 of 112 32 #76 of 112
Growth 34 #24 of 36 91 #11 of 108 99 #2 of 108
Profitability 82 #7 of 34 59 #43 of 104 99 #2 of 104
Financial Health 46 #21 of 38 16 #98 of 116 43 #67 of 116
Shareholder Returns 76 #6 of 22 68 #26 of 80 61 #32 of 80
Overall 55 62 67
  • EQIX ranked among 39 companies in Cloud Computing
  • HPE ranked among 121 companies in Computer Hardware
  • 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

PeriodEQIXHPESTXSPY
1 month -3.1%-26.2%-30.1% -2.3%
3 months -3.7%+1.8%-28.6% -0.7%
6 months -8.3%+78.2%-19.6% +4.8%
Year to date +29.7%+113.0%+115.6% +10.3%
1 year +17.5%+109.5%+132.0% +10.3%
3 years +28.9%+221.2%+721.5% +73.0%
3 years, per year +8.8%+47.6%+101.9% +20.1%
5 years +18.6%+234.8%+535.3% +61.9%
5 years, per year +3.5%+27.4%+44.8% +10.1%
10 years +187.1%+299.7%+1,718.6% +258.6%
10 years, per year +11.1%+14.9%+33.7% +13.6%

Risk

MeasureEQIXHPESTXSPY
Volatility, 1Y 25.6%59.3%75.0% 12.8%
Downside volatility, 1Y 22.8%54.4%78.0% 12.8%
Beta vs S&P 500, 1Y 0.612.202.66 1.00
Return / volatility, 1Y 0.681.851.76 0.80
Max drawdown, 5Y -40.2%-48.8%-58.2% -25.4%
From 52-week high -11.0%-30.4%-45.7% -3.5%
52-week high $1,115.94$73.46$1,094.04 $779.14
52-week low $726.09$20.00$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.

MultipleEQIXHPESTX
P/E now vs peer median 59.6xmedian 26.4x 24.7xmedian 29.9x 30.8xmedian 29.9x
P/S now vs peer median 9.8xmedian 3.8x 1.6xmedian 2.8x 9.9xmedian 2.8x
EV/EBITDA now vs peer median 26.3xmedian 21.2x 13.5xmedian 18.5x 23.9xmedian 18.5x
P/FCF now vs peer median -39.4xmedian 17.3x 16.3xmedian 28.0x 32.8xmedian 28.0x
P/B now vs peer median 6.8xmedian 3.4x 2.6xmedian 2.8x 39.5xmedian 2.8x
PEG now vs peer median 2.77median 0.34 0.76median 1.00 0.33median 1.00

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 monthsEQIXHPESTX
Revenue $10.06B $41.87B $13.80B
Gross profit $5.19B $15.41B $6.95B
Operating income $2.26B $2.60B $5.46B
Net income $1.65B $2.79B $4.40B
Free cash flow -$2.49B $4.16B $4.16B
R&D – $3.71B $769.00M
EPS (diluted) $16.60 $1.91 $18.95
Cash & equivalents $2.36B $6.22B $1.26B
Total debt $22.63B $20.24B $2.35B
Shares (diluted) 99.28M 1.45B 232.00M
Enterprise value $86.25B $45.82B $131.24B

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
MetricEQIXHPESTX
P/E 59.6x 24.7x 30.8x
P/FCF -39.4x 16.3x 32.8x
P/Operating cash flow 23.6x 10.2x 28.2x
P/S 9.8x 1.6x 9.9x
P/B 6.8x 2.6x 39.5x
P/Tangible book 7.3x 3.2x 39.5x
EV/EBITDA 26.3x 13.5x 23.9x
EV/EBIT 51.9x 31.5x 25.2x
EV/Revenue 11.7x 2.0x 10.0x
EV/FCF -47.1x 19.7x 33.1x
EV/Operating cash flow 28.1x 12.2x 28.5x
PEG (3Y EPS CAGR) 2.77 0.76 0.33

Growth

14 metrics
MetricEQIXHPESTX
Revenue growth (1Y) 11.1% 26.6% 44.4%
Revenue CAGR (3Y) 7.2% 12.2% 26.6%
Gross profit growth (1Y) 14.0% 71.5% 97.2%
Gross profit CAGR (3Y) 8.4% 13.3% 89.7%
Operating income growth (1Y) 48.1% 885.6% 150.5%
Operating income CAGR (3Y) 18.0% 27.9% 125.4%
Net income growth (1Y) 53.8% 123.6% 156.6%
Net income CAGR (3Y) 23.6% 37.3% 99.4%
EPS growth (1Y) 52.2% 122.2% 150.0%
EPS CAGR (3Y) 21.5% 32.5% 94.1%
Operating cash flow growth (1Y) 11.3% 169.5% 217.9%
Operating cash flow CAGR (3Y) 11.9% 13.1% 80.3%
Free cash flow growth (1Y) -349.4% 1,747% 241.1%
Free cash flow CAGR (3Y) -756.4% 41.5% 93.8%

Profitability

14 metrics
MetricEQIXHPESTX
Gross margin 51.6% 36.8% 50.4%
EBITDA margin 44.4% 14.5% 41.6%
Operating margin 22.5% 6.2% 39.6%
Pretax margin 18.3% 6.3% 36.7%
Net margin 16.4% 6.6% 31.9%
FCF margin -24.8% 9.9% 30.1%
Operating cash flow margin 41.5% 16.0% 35.0%
Return on equity 11.4% 10.7% 156.4%
Return on assets 3.8% 3.4% 43.3%
Return on invested capital 5.7% 5.6% 82.3%
Return on capital employed 5.9% 5.1% 76.1%
Asset turnover 0.2x 0.5x 1.4x
Cash conversion (OCF / net income) 2.5x 2.4x 1.1x
Stock comp / revenue 5.4% 1.9% 1.6%

Financial Health

11 metrics
MetricEQIXHPESTX
Debt / assets 50.9% 24.2% 22.8%
Debt / equity 1.6x 0.8x 0.7x
Net debt / EBITDA 4.3x 2.3x 0.2x
Debt / FCF -9.1x 4.9x 0.6x
Liabilities / assets 67.3% 68.2% 66.6%
Equity / assets 32.7% 31.8% 33.4%
Interest coverage 3.7x – 22.3x
Current ratio 1.3x 1.1x 1.8x
Quick ratio 1.1x 0.4x 1.1x
Cash ratio 0.8x 0.2x 0.4x
Altman Z-score 2.64 1.35 14.63

Shareholder Returns

7 metrics
MetricEQIXHPESTX
Dividend yield 2.0% 1.1% 0.5%
Net buyback yield -0.1% 0.8% 0.4%
Shareholder yield 1.9% 1.9% 0.8%
Payout ratio (earnings) – 26.5% 14.8%
Payout ratio (FCF) – 17.8% 15.6%
Dividend growth (1Y) – 8.4% 7.1%
Dividend CAGR (3Y) – 6.1% 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.

ConsensusEQIXHPESTX
Forward P/E 56.4xFY2026 12.7xFY2026 15.4xFY2027
EPS, next fiscal year $17.61FY2026 $4.03FY2026 $38.53FY2027
EPS growth, next FY +28.0%FY2026 +107.7%FY2026 +147.3%FY2027
EPS growth, the year after +10.8% +19.4% +63.8%
Revenue, next fiscal year $10.81BFY2026 $49.18BFY2026 $19.55BFY2027
Revenue growth, next FY +17.3%FY2026 +43.4%FY2026 +60.2%FY2027
Revenue growth, the year after -0.7% +14.2% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQIXHPESTX
Held by institutions 97.5% 88.5% 83.8%
Institutions holding 1,357 1,442 1,958
Change in shares held, QoQ +3.3% -1.5% +1.4%
Institutions buying 728 872 1,209
Institutions selling 420 412 591
Buyers to sellers 1.73 2.12 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.

EQIXHPESTX
EQIX 1.00 0.30 0.32
HPE 0.30 1.00 0.34
STX 0.32 0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQIX, HPE and STX?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Equinix (EQIX) $98.36B, Hewlett Packard Enterprise (HPE) $67.95B, Seagate Technology Holdings (STX) $136.39B.

Which stock is cheaper, EQIX, HPE and STX?

Hewlett Packard Enterprise (HPE) trades on the lowest price-to-earnings ratio (Equinix (EQIX) 59.6x, Hewlett Packard Enterprise (HPE) 24.7x, Seagate Technology Holdings (STX) 30.8x). On next year's consensus earnings, Hewlett Packard Enterprise (HPE) is cheapest (Equinix (EQIX) 56.4x, Hewlett Packard Enterprise (HPE) 12.7x, Seagate Technology Holdings (STX) 15.4x). 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%, Hewlett Packard Enterprise (HPE) +26.6%, Seagate Technology Holdings (STX) +44.4%.

Which company is more profitable?

Seagate Technology Holdings (STX) has the highest net margin (Equinix (EQIX) 16.4%, Hewlett Packard Enterprise (HPE) 6.6%, Seagate Technology Holdings (STX) 31.9%). On return on invested capital, Seagate Technology Holdings (STX) leads (Equinix (EQIX) 5.7%, Hewlett Packard Enterprise (HPE) 5.6%, Seagate Technology Holdings (STX) 82.3%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Equinix (EQIX) +17.5%, Hewlett Packard Enterprise (HPE) +109.5%, Seagate Technology Holdings (STX) +132.0%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Equinix (EQIX) +3.5%/yr, Hewlett Packard Enterprise (HPE) +27.4%/yr, Seagate Technology Holdings (STX) +44.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Equinix (EQIX) has the highest dividend yield: Equinix (EQIX) 2.03%, Hewlett Packard Enterprise (HPE) 1.10%, Seagate Technology Holdings (STX) 0.50%.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Equinix (EQIX) 25.6%, Hewlett Packard Enterprise (HPE) 59.3%, Seagate Technology Holdings (STX) 75.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQIX, HPE 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.