EQIX vs NTAP vs STX Stock Comparison

Equinix, NetApp and Seagate Technology Holdings Prices as of Oct 28, 2026 Peers: Industry group
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EQIX Equinix Inc
$1,007.66 -0.3% 1M +23.5% 1Y
Market cap
$99.75B
P/E
60.4x
Revenue (TTM)
$10.06B
Div. yield
2.00%
Data Centers Technology
2 wins
NTAP NetApp, Inc.
$223.66 +9.4% 1M +93.0% 1Y
Market cap
$43.84B
P/E
30.9x
Revenue (TTM)
$7.39B
Div. yield
0.93%
Server and Storage Hardware Technology
5 wins

Head to Head

12 decided of 12

Seagate Technology Holdings leads on 5 of the 12 questions below (Seagate Technology Holdings 5, NetApp 5, Equinix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQIXNTAPSTXLeader
Larger companyMarket capitalisation $99.75B $43.84B $158.29B STX
Cheaper on earningsLower P/E, profitable companies only 60.4x 30.9x 34.8x NTAP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 57.2x 21.3x 18.1x STX
Faster revenue growthRevenue growth, trailing twelve months +11.1% +12.2% +44.4% STX
More profitableNet margin, trailing twelve months 16.4% 19.2% — NTAP
Better return on capitalReturn on invested capital 5.7% 36.7% — NTAP
Less leveragedLower net debt / EBITDA 4.3x -0.5x — NTAP
Higher dividend yieldTrailing dividend yield 2.00% 0.93% 0.42% EQIX
Better 1-year returnPrice return, last 12 months +23.5% +93.0% +213.0% STX
Better 5-year returnAnnualised price return, 5 years +3.8%/yr +20.2%/yr +51.0%/yr STX
Less volatileAnnualised volatility, 1 year 25.8% 44.8% 75.9% EQIX
Higher overall scoreMean of the five percentile scores vs peers 55/100 58/100 57/100 NTAP

Percentile Scorecard

EQIXNTAPSTX

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

AxisEQIXNTAPSTX
Valuation 35 #25 of 38 41 #66 of 111 23 #86 of 111
Growth 37 #23 of 36 52 #52 of 108 99 #2 of 108
Profitability 82 #7 of 34 93 #8 of 104 94 #7 of 104
Financial Health 46 #21 of 38 29 #82 of 115 24 #88 of 115
Shareholder Returns 75 #6 of 21 73 #22 of 78 47 #42 of 78
Overall 55 58 57
  • EQIX ranked among 39 companies in Cloud Computing
  • NTAP 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

PeriodEQIXNTAPSTXSPY
1 month -0.3%+9.4%-24.3% +0.9%
3 months 0.0%+29.1%-8.7% +5.9%
6 months -7.5%+105.9%+8.5% +8.5%
Year to date +31.5%+108.9%+153.4% +13.3%
1 year +23.5%+93.0%+213.0% +12.4%
3 years +41.8%+211.5%+923.4% +88.1%
3 years, per year +12.4%+46.1%+117.2% +23.5%
5 years +20.4%+150.5%+683.6% +68.2%
5 years, per year +3.8%+20.2%+51.0% +11.0%
10 years +183.9%+562.5%+1,943.8% +263.4%
10 years, per year +11.0%+20.8%+35.2% +13.8%

Risk

MeasureEQIXNTAPSTXSPY
Volatility, 1Y 25.8%44.8%75.9% 12.7%
Downside volatility, 1Y 22.8%38.8%76.4% 12.7%
Beta vs S&P 500, 1Y 0.561.382.53 1.00
Return / volatility, 1Y 0.912.072.81 0.98
Max drawdown, 5Y -40.2%-43.5%-58.2% -25.4%
From 52-week high -9.7%-6.5%-36.2% -0.9%
52-week high $1,115.94$239.18$1,094.04 $779.14
52-week low $726.09$94.11$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.

MultipleEQIXNTAPSTX
P/E now vs peer median 60.4xmedian 27.6x 30.9xmedian 33.5x 34.8xmedian 33.5x
P/S now vs peer median 9.9xmedian 4.8x 5.9xmedian 2.8x 11.5xmedian 2.8x
EV/EBITDA now vs peer median 26.6xmedian 24.1x 21.0xmedian 19.6x —median 19.6x
P/FCF now vs peer median -40.0xmedian 15.0x 26.6xmedian 29.8x 69.1xmedian 29.8x
P/B now vs peer median 6.9xmedian 4.4x 29.3xmedian 2.9x 45.8xmedian 2.9x
PEG now vs peer median 2.81median 0.38 3.77median 1.10 0.37median 1.10

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 monthsEQIXNTAPSTX
Revenue $10.06B $7.39B $13.80B
Gross profit $5.19B $5.22B –
Operating income $2.26B $1.85B $5.46B
Net income $1.65B $1.42B $4.40B
Free cash flow -$2.49B $1.65B –
R&D – $1.02B $769.00M
EPS (diluted) $16.60 $7.09 $19.20
Cash & equivalents $2.36B $1.57B $1.26B
Total debt $22.63B $2.49B –
Shares (diluted) 99.28M 200.00M 229.00M
Enterprise value $87.64B $26.65B $158.29B

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
MetricEQIXNTAPSTX
P/E 60.4x 30.9x 34.8x
P/FCF -40.0x 26.6x 69.1x
P/Operating cash flow 23.9x 23.1x 32.8x
P/S 9.9x 5.9x 11.5x
P/B 6.9x 29.3x 45.8x
P/Tangible book 7.4x 30.1x 45.8x
EV/EBITDA 26.6x 21.0x –
EV/EBIT 52.5x 23.1x –
EV/Revenue 11.8x 5.8x 11.5x
EV/FCF -47.6x 25.9x –
EV/Operating cash flow 28.5x 22.5x 32.8x
PEG (3Y EPS CAGR) 2.81 3.77 0.37

Growth

14 metrics
MetricEQIXNTAPSTX
Revenue growth (1Y) 11.1% 12.2% 44.4%
Revenue CAGR (3Y) 7.2% 6.0% 26.6%
Gross profit growth (1Y) 14.0% 13.2% –
Gross profit CAGR (3Y) 8.4% 7.9% –
Operating income growth (1Y) 48.1% 35.6% 150.5%
Operating income CAGR (3Y) 18.0% 25.3% 125.4%
Net income growth (1Y) 53.8% 21.1% 156.6%
Net income CAGR (3Y) 23.6% 5.5% 99.4%
EPS growth (1Y) 52.2% 22.9% 153.3%
EPS CAGR (3Y) 21.5% 8.2% 94.7%
Operating cash flow growth (1Y) 11.3% 3.2% 217.9%
Operating cash flow CAGR (3Y) 11.9% 14.0% 80.3%
Free cash flow growth (1Y) -349.4% -0.5% –
Free cash flow CAGR (3Y) -756.4% 15.5% –

Profitability

14 metrics
MetricEQIXNTAPSTX
Gross margin 51.6% 70.6% –
EBITDA margin 44.4% 27.5% –
Operating margin 22.5% 25.0% –
Pretax margin 18.3% 24.7% –
Net margin 16.4% 19.2% –
FCF margin -24.8% 22.3% –
Operating cash flow margin 41.5% 25.7% 35.0%
Return on equity 11.4% 99.6% 156.4%
Return on assets 3.8% 13.1% 43.3%
Return on invested capital 5.7% 36.7% –
Return on capital employed 5.9% 29.4% –
Asset turnover 0.2x 0.7x 1.4x
Cash conversion (OCF / net income) 2.5x 1.3x 1.1x
Stock comp / revenue 5.4% 5.4% 1.7%

Financial Health

11 metrics
MetricEQIXNTAPSTX
Debt / assets 50.9% 22.7% –
Debt / equity 1.6x 1.7x –
Net debt / EBITDA 4.3x -0.5x –
Debt / FCF -9.1x 1.5x –
Liabilities / assets 67.3% 86.4% 66.6%
Equity / assets 32.7% 13.6% 33.4%
Interest coverage 3.7x – –
Current ratio 1.3x 1.2x 1.8x
Quick ratio 1.1x 1.0x –
Cash ratio 0.8x 0.8x –
Altman Z-score 2.67 4.16 –

Shareholder Returns

7 metrics
MetricEQIXNTAPSTX
Dividend yield 2.0% 0.9% 0.4%
Net buyback yield -0.1% 1.7% –
Shareholder yield 1.9% 2.6% 0.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusEQIXNTAPSTX
Forward P/E 57.2xFY2026 21.3xFY2026 18.1xFY2027
EPS, next fiscal year $17.61FY2026 $10.50FY2026 $38.53FY2027
EPS growth, next FY +28.0%FY2026 +29.2%FY2026 +147.3%FY2027
EPS growth, the year after +10.8% +8.7% +63.8%
Revenue, next fiscal year $10.81BFY2026 $8.49BFY2026 $19.55BFY2027
Revenue growth, next FY +17.3%FY2026 +22.7%FY2026 +60.2%FY2027
Revenue growth, the year after -0.7% +8.6% +29.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQIXNTAPSTX
Held by institutions 97.5% 97.4% 83.8%
Institutions holding 1,356 959 1,956
Change in shares held, QoQ +3.3% -1.0% +1.4%
Institutions buying 727 501 1,208
Institutions selling 420 336 590
Buyers to sellers 1.73 1.49 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.

EQIXNTAPSTX
EQIX 1.00 0.13 0.30
NTAP 0.13 1.00 0.21
STX 0.30 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQIX, NTAP and STX?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Equinix (EQIX) $99.75B, NetApp (NTAP) $43.84B, Seagate Technology Holdings (STX) $158.29B.

Which stock is cheaper, EQIX, NTAP and STX?

NetApp (NTAP) trades on the lowest price-to-earnings ratio (Equinix (EQIX) 60.4x, NetApp (NTAP) 30.9x, Seagate Technology Holdings (STX) 34.8x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Equinix (EQIX) 57.2x, NetApp (NTAP) 21.3x, Seagate Technology Holdings (STX) 18.1x). 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%, NetApp (NTAP) +12.2%, Seagate Technology Holdings (STX) +44.4%.

Which company is more profitable?

NetApp (NTAP) has the highest net margin (Equinix (EQIX) 16.4%, NetApp (NTAP) 19.2%). On return on invested capital, NetApp (NTAP) leads (Equinix (EQIX) 5.7%, NetApp (NTAP) 36.7%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Equinix (EQIX) +23.5%, NetApp (NTAP) +93.0%, Seagate Technology Holdings (STX) +213.0%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Equinix (EQIX) +3.8%/yr, NetApp (NTAP) +20.2%/yr, Seagate Technology Holdings (STX) +51.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Equinix (EQIX) has the highest dividend yield: Equinix (EQIX) 2.00%, NetApp (NTAP) 0.93%, Seagate Technology Holdings (STX) 0.42%.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Equinix (EQIX) 25.8%, NetApp (NTAP) 44.8%, 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, NTAP 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 5. 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.