EQIX vs HPE vs STX Stock Comparison

Equinix, Hewlett Packard Enterprise and Seagate Technology Holdings Prices as of Oct 27, 2026 Peers: Industry group
EQIX Equinix Inc
$999.38 -0.9% 1M +18.6% 1Y
Market cap
$98.61B
P/E
64.3x
Revenue (TTM)
$9.81B
Div. yield
2.02%
Data Centers Technology
4 wins

Head to Head

12 decided of 12

Seagate Technology Holdings leads on 4 of the 12 questions below (Seagate Technology Holdings 4, Hewlett Packard Enterprise 4, Equinix 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQIXHPESTXLeader
Larger companyMarket capitalisation $98.61B $80.80B $151.46B STX
Cheaper on earningsLower P/E, profitable companies only 64.3x 29.4x 33.3x HPE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 56.8x 15.1x 17.3x HPE
Faster revenue growthRevenue growth, trailing twelve months +9.6% +26.6% +44.4% STX
More profitableNet margin, trailing twelve months 15.6% 6.6% — EQIX
Better return on capitalReturn on invested capital 5.6% 5.6% — EQIX
Less leveragedLower net debt / EBITDA 4.0x 2.3x — HPE
Higher dividend yieldTrailing dividend yield 2.02% 0.93% 0.44% EQIX
Better 1-year returnPrice return, last 12 months +18.6% +151.6% +190.0% STX
Better 5-year returnAnnualised price return, 5 years +3.4%/yr +32.8%/yr +49.5%/yr STX
Less volatileAnnualised volatility, 1 year 26.0% 58.1% 75.9% EQIX
Higher overall scoreMean of the five percentile scores vs peers 56/100 63/100 57/100 HPE

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 35 #25 of 38 78 #25 of 112 24 #85 of 112
Growth 37 #23 of 36 92 #10 of 109 99 #2 of 109
Profitability 82 #7 of 34 60 #42 of 104 93 #8 of 104
Financial Health 49 #20 of 38 16 #98 of 116 25 #87 of 116
Shareholder Returns 75 #6 of 21 68 #27 of 81 43 #47 of 81
Overall 56 63 57
  • EQIX ranked among 39 companies in Cloud Computing
  • HPE ranked among 122 companies in Computer Hardware
  • STX ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodEQIXHPESTXSPY
1 month -0.9%-3.3%-27.2% -0.2%
3 months -3.4%+33.4%-10.6% +3.9%
6 months -7.2%+117.7%+15.3% +8.2%
Year to date +30.4%+153.3%+142.5% +12.9%
1 year +18.6%+151.6%+190.0% +12.3%
3 years +40.7%+300.0%+879.3% +87.4%
3 years, per year +12.1%+58.8%+114.1% +23.3%
5 years +17.9%+312.2%+645.8% +67.9%
5 years, per year +3.4%+32.8%+49.5% +10.9%
10 years +184.3%+371.6%+1,850.5% +261.1%
10 years, per year +11.0%+16.8%+34.6% +13.7%

Risk

MeasureEQIXHPESTXSPY
Volatility, 1Y 26.0%58.1%75.9% 12.7%
Downside volatility, 1Y 23.1%53.2%76.2% 12.7%
Beta vs S&P 500, 1Y 0.562.122.52 1.00
Return / volatility, 1Y 0.722.612.50 0.97
Max drawdown, 5Y -40.4%-48.8%-58.2% -25.4%
From 52-week high -10.4%-17.2%-39.0% -1.2%
52-week high $1,115.94$73.46$1,094.04 $779.14
52-week low $726.09$20.00$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.

MultipleEQIXHPESTX
P/E now vs peer median 64.3xmedian 29.5x 29.4xmedian 33.2x 33.3xmedian 33.2x
P/S now vs peer median 10.1xmedian 4.5x 1.9xmedian 2.8x 11.0xmedian 2.8x
EV/EBITDA now vs peer median 26.9xmedian 23.9x 15.6xmedian 20.0x —median 20.0x
P/FCF now vs peer median -38.2xmedian 15.0x 19.4xmedian 29.8x 69.1xmedian 29.8x
P/B now vs peer median 6.9xmedian 4.3x 3.0xmedian 3.0x 43.9xmedian 3.0x
PEG now vs peer median 2.98median 0.38 0.91median 1.17 0.35median 1.17

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 $9.81B $41.87B $13.80B
Gross profit $5.05B $15.41B –
Operating income $2.14B $2.60B $5.46B
Net income $1.53B $2.79B $4.40B
Free cash flow -$2.58B $4.16B –
R&D – $3.71B $769.00M
EPS (diluted) $15.46 $1.91 $19.20
Cash & equivalents $979.00M $6.22B $1.26B
Total debt $19.70B $20.24B –
Shares (diluted) 99.14M 1.45B 229.00M
Enterprise value $87.16B $58.68B $151.46B

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 64.3x 29.4x 33.3x
P/FCF -38.2x 19.4x 69.1x
P/Operating cash flow 25.0x 12.1x 31.3x
P/S 10.1x 1.9x 11.0x
P/B 6.9x 3.0x 43.9x
P/Tangible book 7.5x 3.8x 43.9x
EV/EBITDA 26.9x 15.6x –
EV/EBIT 54.3x 36.4x –
EV/Revenue 11.8x 2.3x 11.0x
EV/FCF -44.9x 22.8x –
EV/Operating cash flow 29.4x 14.2x 31.3x
PEG (3Y EPS CAGR) 2.98 0.91 0.35

Growth

14 metrics
MetricEQIXHPESTX
Revenue growth (1Y) 9.6% 26.6% 44.4%
Revenue CAGR (3Y) 7.2% 12.2% 26.6%
Gross profit growth (1Y) 12.7% 71.5% –
Gross profit CAGR (3Y) 8.2% 13.3% –
Operating income growth (1Y) 44.5% 885.6% 150.5%
Operating income CAGR (3Y) 17.1% 27.9% 125.4%
Net income growth (1Y) 54.2% 123.6% 156.6%
Net income CAGR (3Y) 23.8% 37.3% 99.4%
EPS growth (1Y) 52.5% 122.2% 153.3%
EPS CAGR (3Y) 21.6% 32.5% 94.7%
Operating cash flow growth (1Y) 12.9% 169.5% 217.9%
Operating cash flow CAGR (3Y) 9.4% 13.1% 80.3%
Free cash flow growth (1Y) -860.2% 1,747% –
Free cash flow CAGR (3Y) -142.7% 41.5% –

Profitability

14 metrics
MetricEQIXHPESTX
Gross margin 51.5% 36.8% –
EBITDA margin 44.1% 14.5% –
Operating margin 21.8% 6.2% –
Pretax margin 17.4% 6.3% –
Net margin 15.6% 6.6% –
FCF margin -26.3% 9.9% –
Operating cash flow margin 40.2% 16.0% 35.0%
Return on equity 10.7% 10.7% 156.4%
Return on assets 3.7% 3.4% 43.3%
Return on invested capital 5.6% 5.6% –
Return on capital employed 5.8% 5.1% –
Asset turnover 0.2x 0.5x 1.4x
Cash conversion (OCF / net income) 2.6x 2.4x 1.1x
Stock comp / revenue 5.4% 1.9% 1.7%

Financial Health

11 metrics
MetricEQIXHPESTX
Debt / assets 48.0% 24.2% –
Debt / equity 1.4x 0.8x –
Net debt / EBITDA 4.0x 2.3x –
Debt / FCF -7.6x 4.9x –
Liabilities / assets 65.0% 68.2% 66.6%
Equity / assets 35.0% 31.8% 33.4%
Interest coverage 3.8x – –
Current ratio 1.1x 1.1x 1.8x
Quick ratio 0.9x 0.4x –
Cash ratio 0.6x 0.2x –
Altman Z-score 2.88 1.49 –

Shareholder Returns

7 metrics
MetricEQIXHPESTX
Dividend yield 2.0% 0.9% 0.4%
Net buyback yield -0.1% 0.7% –
Shareholder yield 1.9% 1.6% 0.4%
Payout ratio (earnings) – 26.5% –
Payout ratio (FCF) – 17.8% –
Dividend growth (1Y) – 8.4% –
Dividend CAGR (3Y) – 6.1% –

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 56.8xFY2026 15.1xFY2026 17.3xFY2027
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 1,356 1,439 1,955
Change in shares held, QoQ +3.3% -1.5% +1.4%
Institutions buying 727 870 1,207
Institutions selling 420 411 590
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 0.29 0.26
HPE 0.29 1.00 0.31
STX 0.26 0.31 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) $98.61B, Hewlett Packard Enterprise (HPE) $80.80B, Seagate Technology Holdings (STX) $151.46B.

Which stock is cheaper, EQIX, HPE and STX?

Hewlett Packard Enterprise (HPE) trades on the lowest price-to-earnings ratio (Equinix (EQIX) 64.3x, Hewlett Packard Enterprise (HPE) 29.4x, Seagate Technology Holdings (STX) 33.3x). On next year's consensus earnings, Hewlett Packard Enterprise (HPE) is cheapest (Equinix (EQIX) 56.8x, Hewlett Packard Enterprise (HPE) 15.1x, Seagate Technology Holdings (STX) 17.3x). 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%, Hewlett Packard Enterprise (HPE) +26.6%, Seagate Technology Holdings (STX) +44.4%.

Which company is more profitable?

Equinix (EQIX) has the highest net margin (Equinix (EQIX) 15.6%, Hewlett Packard Enterprise (HPE) 6.6%). On return on invested capital, Equinix (EQIX) leads (Equinix (EQIX) 5.6%, Hewlett Packard Enterprise (HPE) 5.6%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Equinix (EQIX) +18.6%, Hewlett Packard Enterprise (HPE) +151.6%, Seagate Technology Holdings (STX) +190.0%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Equinix (EQIX) +3.4%/yr, Hewlett Packard Enterprise (HPE) +32.8%/yr, Seagate Technology Holdings (STX) +49.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Equinix (EQIX) has the highest dividend yield: Equinix (EQIX) 2.02%, Hewlett Packard Enterprise (HPE) 0.93%, Seagate Technology Holdings (STX) 0.44%.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Equinix (EQIX) 26.0%, Hewlett Packard Enterprise (HPE) 58.1%, Seagate Technology Holdings (STX) 75.9%). 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 4. 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.