STX vs EQIX vs ANET Stock Comparison

Seagate Technology Holdings, Equinix and Arista Networks 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
2 wins
ANET Arista Networks, Inc.
$187.06 -9.4% 1M +19.3% 1Y
Market cap
$235.92B
P/E
58.3x
Revenue (TTM)
$10.54B
Div. yield
–
Server and Storage Hardware Technology
3 wins

Head to Head

10 decided of 12

Seagate Technology Holdings leads on 5 of the 12 questions below (Seagate Technology Holdings 5, Arista Networks 3, Equinix 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSTXEQIXANETLeader
Larger companyMarket capitalisation $151.46B $98.61B $235.92B ANET
Cheaper on earningsLower P/E, profitable companies only 33.3x 64.3x 58.3x STX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.3x 56.8x 46.9x STX
Faster revenue growthRevenue growth, trailing twelve months +44.4% +9.6% +32.6% STX
More profitableNet margin, trailing twelve months — 15.6% 38.4% ANET
Better return on capitalReturn on invested capital — 5.6% — –
Less leveragedLower net debt / EBITDA — 4.0x — –
Higher dividend yieldTrailing dividend yield 0.44% 2.02% — EQIX
Better 1-year returnPrice return, last 12 months +190.0% +18.6% +19.3% STX
Better 5-year returnAnnualised price return, 5 years +49.5%/yr +3.4%/yr +49.1%/yr STX
Less volatileAnnualised volatility, 1 year 75.9% 26.0% 55.0% EQIX
Higher overall scoreMean of the five percentile scores vs peers 57/100 56/100 66/100 ANET

Percentile Scorecard

STXEQIXANET

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

AxisSTXEQIXANET
Valuation 24 #85 of 112 35 #25 of 38 20 #90 of 112
Growth 99 #2 of 109 37 #23 of 36 85 #17 of 109
Profitability 93 #8 of 104 82 #7 of 34 90 #11 of 104
Financial Health 25 #87 of 116 49 #20 of 38 77 #27 of 116
Shareholder Returns 43 #47 of 81 75 #6 of 21 58 #35 of 81
Overall 57 56 66
  • STX ranked among 122 companies in Computer Hardware
  • EQIX ranked among 39 companies in Cloud Computing
  • ANET ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodSTXEQIXANETSPY
1 month -27.2%-0.9%-9.4% -0.2%
3 months -10.6%-3.4%+10.2% +3.9%
6 months +15.3%-7.2%+13.2% +8.2%
Year to date +142.5%+30.4%+42.8% +12.9%
1 year +190.0%+18.6%+19.3% +12.3%
3 years +879.3%+40.7%+324.7% +87.4%
3 years, per year +114.1%+12.1%+62.0% +23.3%
5 years +645.8%+17.9%+635.3% +67.9%
5 years, per year +49.5%+3.4%+49.1% +10.9%
10 years +1,850.5%+184.3%+3,436.1% +261.1%
10 years, per year +34.6%+11.0%+42.8% +13.7%

Risk

MeasureSTXEQIXANETSPY
Volatility, 1Y 75.9%26.0%55.0% 12.7%
Downside volatility, 1Y 76.2%23.1%56.7% 12.7%
Beta vs S&P 500, 1Y 2.520.562.27 1.00
Return / volatility, 1Y 2.500.720.35 0.97
Max drawdown, 5Y -58.2%-40.4%-50.4% -25.4%
From 52-week high -39.0%-10.4%-13.6% -1.2%
52-week high $1,094.04$1,115.94$216.61 $779.14
52-week low $223.00$726.09$116.13 $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.

MultipleSTXEQIXANET
P/E now vs peer median 33.3xmedian 33.2x 64.3xmedian 29.5x 58.3xmedian 33.2x
P/S now vs peer median 11.0xmedian 2.8x 10.1xmedian 4.5x 22.4xmedian 2.8x
EV/EBITDA now vs peer median —median 20.0x 26.9xmedian 23.9x 48.0xmedian 20.0x
P/FCF now vs peer median 69.1xmedian 29.8x -38.2xmedian 15.0x 45.8xmedian 29.8x
P/B now vs peer median 43.9xmedian 3.0x 6.9xmedian 4.3x 15.9xmedian 3.0x
PEG now vs peer median 0.35median 1.17 2.98median 0.38 1.77median 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 monthsSTXEQIXANET
Revenue $13.80B $9.81B $10.54B
Gross profit – $5.05B $6.64B
Operating income $5.46B $2.14B $4.55B
Net income $4.40B $1.53B $4.04B
Free cash flow – -$2.58B $5.16B
R&D $769.00M – $1.37B
EPS (diluted) $19.20 $15.46 $3.17
Cash & equivalents $1.26B $979.00M $2.29B
Total debt – $19.70B –
Shares (diluted) 229.00M 99.14M 1.28B
Enterprise value $151.46B $87.16B $189.37B

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
MetricSTXEQIXANET
P/E 33.3x 64.3x 58.3x
P/FCF 69.1x -38.2x 45.8x
P/Operating cash flow 31.3x 25.0x 44.5x
P/S 11.0x 10.1x 22.4x
P/B 43.9x 6.9x 15.9x
P/Tangible book 43.9x 7.5x 15.9x
EV/EBITDA – 26.9x 48.0x
EV/EBIT – 54.3x 49.0x
EV/Revenue 11.0x 11.8x 21.1x
EV/FCF – -44.9x 43.2x
EV/Operating cash flow 31.3x 29.4x 41.9x
PEG (3Y EPS CAGR) 0.35 2.98 1.77

Growth

14 metrics
MetricSTXEQIXANET
Revenue growth (1Y) 44.4% 9.6% 32.6%
Revenue CAGR (3Y) 26.6% 7.2% 26.1%
Gross profit growth (1Y) – 12.7% 30.0%
Gross profit CAGR (3Y) – 8.2% 28.0%
Operating income growth (1Y) 150.5% 44.5% 32.6%
Operating income CAGR (3Y) 125.4% 17.1% 33.7%
Net income growth (1Y) 156.6% 54.2% 24.4%
Net income CAGR (3Y) 99.4% 23.8% 33.3%
EPS growth (1Y) 153.3% 52.5% 23.9%
EPS CAGR (3Y) 94.7% 21.6% 32.9%
Operating cash flow growth (1Y) 217.9% 12.9% 31.1%
Operating cash flow CAGR (3Y) 80.3% 9.4% 75.4%
Free cash flow growth (1Y) – -860.2% 29.7%
Free cash flow CAGR (3Y) – -142.7% 76.0%

Profitability

14 metrics
MetricSTXEQIXANET
Gross margin – 51.5% 63.0%
EBITDA margin – 44.1% 44.0%
Operating margin – 21.8% 43.1%
Pretax margin – 17.4% 47.3%
Net margin – 15.6% 38.4%
FCF margin – -26.3% 48.9%
Operating cash flow margin 35.0% 40.2% 50.3%
Return on equity 156.4% 10.7% 28.6%
Return on assets 43.3% 3.7% 17.8%
Return on invested capital – 5.6% –
Return on capital employed – 5.8% 28.7%
Asset turnover 1.4x 0.2x 0.5x
Cash conversion (OCF / net income) 1.1x 2.6x 1.3x
Stock comp / revenue 1.7% 5.4% 4.8%

Financial Health

11 metrics
MetricSTXEQIXANET
Debt / assets – 48.0% –
Debt / equity – 1.4x –
Net debt / EBITDA – 4.0x –
Debt / FCF – -7.6x –
Liabilities / assets 66.6% 65.0% 37.6%
Equity / assets 33.4% 35.0% 62.4%
Interest coverage – 3.8x –
Current ratio 1.8x 1.1x 3.0x
Quick ratio – 0.9x 2.3x
Cash ratio – 0.6x 2.0x
Altman Z-score – 2.88 18.31

Shareholder Returns

7 metrics
MetricSTXEQIXANET
Dividend yield 0.4% 2.0% –
Net buyback yield – -0.1% 0.2%
Shareholder yield 0.4% 1.9% 0.2%
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.

ConsensusSTXEQIXANET
Forward P/E 17.3xFY2027 56.8xFY2026 46.9xFY2026
EPS, next fiscal year $38.53FY2027 $17.61FY2026 $3.99FY2026
EPS growth, next FY +147.3%FY2027 +28.0%FY2026 +33.9%FY2026
EPS growth, the year after +63.8% +10.8% +36.1%
Revenue, next fiscal year $19.55BFY2027 $10.81BFY2026 $13.21BFY2026
Revenue growth, next FY +60.2%FY2027 +17.3%FY2026 +46.6%FY2026
Revenue growth, the year after +29.7% -0.7% +22.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSTXEQIXANET
Held by institutions 83.8% 97.5% 71.2%
Institutions holding 1,955 1,356 2,254
Change in shares held, QoQ +1.4% +3.3% +2.4%
Institutions buying 1,207 727 1,328
Institutions selling 590 420 732
Buyers to sellers 2.05 1.73 1.81

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.

STXEQIXANET
STX 1.00 0.26 0.43
EQIX 0.26 1.00 0.26
ANET 0.43 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, STX, EQIX and ANET?

Arista Networks (ANET) is the largest by market capitalisation: Seagate Technology Holdings (STX) $151.46B, Equinix (EQIX) $98.61B, Arista Networks (ANET) $235.92B.

Which stock is cheaper, STX, EQIX and ANET?

Seagate Technology Holdings (STX) trades on the lowest price-to-earnings ratio (Seagate Technology Holdings (STX) 33.3x, Equinix (EQIX) 64.3x, Arista Networks (ANET) 58.3x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Seagate Technology Holdings (STX) 17.3x, Equinix (EQIX) 56.8x, Arista Networks (ANET) 46.9x). 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: Seagate Technology Holdings (STX) +44.4%, Equinix (EQIX) +9.6%, Arista Networks (ANET) +32.6%.

Which company is more profitable?

Arista Networks (ANET) has the highest net margin (Equinix (EQIX) 15.6%, Arista Networks (ANET) 38.4%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Seagate Technology Holdings (STX) +190.0%, Equinix (EQIX) +18.6%, Arista Networks (ANET) +19.3%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Seagate Technology Holdings (STX) +49.5%/yr, Equinix (EQIX) +3.4%/yr, Arista Networks (ANET) +49.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Equinix (EQIX) has the highest dividend yield: Seagate Technology Holdings (STX) 0.44%, Equinix (EQIX) 2.02%. Arista Networks (ANET) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Seagate Technology Holdings (STX) 75.9%, Equinix (EQIX) 26.0%, Arista Networks (ANET) 55.0%). Volatility measures how widely the price swings, not the risk of the business.

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

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.