STX vs EQIX vs HPE Stock Comparison

Seagate Technology Holdings, Equinix and Hewlett Packard Enterprise Prices as of Nov 3, 2026 Peers: Industry group
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EQIX Equinix Inc
$1,014.40 -1.1% 1M +21.8% 1Y
Market cap
$103.60B
P/E
62.9x
Revenue (TTM)
$10.06B
Div. yield
–
Data Centers Technology
1 win

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 3, Equinix 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSTXEQIXHPELeader
Larger companyMarket capitalisation $128.07B $103.60B $66.07B STX
Cheaper on earningsLower P/E, profitable companies only 29.1x 62.9x 23.9x HPE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 15.7x 57.6x 13.2x HPE
Faster revenue growthRevenue growth, trailing twelve months +44.4% +11.1% +26.6% STX
More profitableNet margin, trailing twelve months 31.9% 16.4% 6.6% STX
Better return on capitalReturn on invested capital 82.3% 5.7% 5.6% STX
Less leveragedLower net debt / EBITDA 0.2x 4.3x 2.3x STX
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.01% HPE
Better 1-year returnPrice return, last 12 months +128.3% +21.8% +116.6% STX
Better 5-year returnAnnualised price return, 5 years +44.8%/yr +4.8%/yr +28.3%/yr STX
Less volatileAnnualised volatility, 1 year 74.8% 25.6% 59.2% EQIX
Higher overall scoreMean of the five percentile scores vs peers 67/100 55/100 62/100 STX

Percentile Scorecard

STXEQIXHPE

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

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

Price Performance

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

Returns

PeriodSTXEQIXHPESPY
1 month -28.6%-1.1%-23.5% -2.0%
3 months -28.3%-3.5%+1.3% -2.2%
6 months -21.4%-5.9%+76.7% +4.2%
Year to date +120.2%+32.4%+120.9% +10.6%
1 year +128.3%+21.8%+116.6% +10.4%
3 years +738.9%+31.6%+233.1% +73.6%
3 years, per year +103.3%+9.6%+49.4% +20.2%
5 years +536.3%+26.2%+247.5% +61.6%
5 years, per year +44.8%+4.8%+28.3% +10.1%
10 years +1,733.1%+199.5%+318.9% +261.3%
10 years, per year +33.8%+11.6%+15.4% +13.7%

Risk

MeasureSTXEQIXHPESPY
Volatility, 1Y 74.8%25.6%59.2% 12.8%
Downside volatility, 1Y 78.0%22.8%54.4% 12.8%
Beta vs S&P 500, 1Y 2.660.612.20 1.00
Return / volatility, 1Y 1.720.851.97 0.81
Max drawdown, 5Y -58.2%-40.2%-48.8% -25.4%
From 52-week high -44.6%-9.1%-27.8% -3.2%
52-week high $1,094.04$1,115.94$73.46 $779.14
52-week low $237.49$726.09$20.00 $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.

MultipleSTXEQIXHPE
P/E now vs peer median 30.8xmedian 29.9x 59.6xmedian 26.4x 24.7xmedian 29.9x
P/S now vs peer median 9.9xmedian 2.8x 9.8xmedian 3.8x 1.6xmedian 2.8x
EV/EBITDA now vs peer median 23.9xmedian 18.5x 26.3xmedian 21.2x 13.5xmedian 18.5x
P/FCF now vs peer median 32.8xmedian 28.0x -39.4xmedian 17.3x 16.3xmedian 28.0x
P/B now vs peer median 39.5xmedian 2.8x 6.8xmedian 3.4x 2.6xmedian 2.8x
PEG now vs peer median 0.33median 1.00 2.77median 0.34 0.76median 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 monthsSTXEQIXHPE
Revenue $13.80B $10.06B $41.87B
Gross profit $6.95B $5.19B $15.41B
Operating income $5.46B $2.26B $2.60B
Net income $4.40B $1.65B $2.79B
Free cash flow $4.16B -$2.49B $4.16B
R&D $769.00M – $3.71B
EPS (diluted) $18.95 $16.60 $1.91
Cash & equivalents $1.26B $2.36B $6.22B
Total debt $2.35B $22.63B $20.24B
Shares (diluted) 232.00M 99.28M 1.45B
Enterprise value $122.92B $91.49B $43.94B

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

Growth

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

Profitability

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

Financial Health

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

Shareholder Returns

7 metrics
MetricSTXEQIXHPE
Dividend yield 0.5% 2.0% 1.1%
Net buyback yield 0.4% -0.1% 0.8%
Shareholder yield 0.8% 1.9% 1.9%
Payout ratio (earnings) 14.8% – 26.5%
Payout ratio (FCF) 15.6% – 17.8%
Dividend growth (1Y) 7.1% – 8.4%
Dividend CAGR (3Y) 3.8% – 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.

ConsensusSTXEQIXHPE
Forward P/E 15.7xFY2027 57.6xFY2026 13.2xFY2026
EPS, next fiscal year $38.53FY2027 $17.61FY2026 $4.03FY2026
EPS growth, next FY +147.3%FY2027 +28.0%FY2026 +107.7%FY2026
EPS growth, the year after +63.8% +10.8% +19.4%
Revenue, next fiscal year $19.55BFY2027 $10.81BFY2026 $49.18BFY2026
Revenue growth, next FY +60.2%FY2027 +17.3%FY2026 +43.4%FY2026
Revenue growth, the year after +29.7% -0.7% +14.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSTXEQIXHPE
Held by institutions 83.8% 97.5% 88.5%
Institutions holding 1,958 1,357 1,442
Change in shares held, QoQ +1.4% +3.3% -1.5%
Institutions buying 1,209 728 872
Institutions selling 591 420 412
Buyers to sellers 2.05 1.73 2.12

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.

STXEQIXHPE
STX 1.00 0.33 0.34
EQIX 0.33 1.00 0.30
HPE 0.34 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, STX, EQIX and HPE?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Seagate Technology Holdings (STX) $128.07B, Equinix (EQIX) $103.60B, Hewlett Packard Enterprise (HPE) $66.07B.

Which stock is cheaper, STX, EQIX and HPE?

Hewlett Packard Enterprise (HPE) trades on the lowest price-to-earnings ratio (Seagate Technology Holdings (STX) 29.1x, Equinix (EQIX) 62.9x, Hewlett Packard Enterprise (HPE) 23.9x). On next year's consensus earnings, Hewlett Packard Enterprise (HPE) is cheapest (Seagate Technology Holdings (STX) 15.7x, Equinix (EQIX) 57.6x, Hewlett Packard Enterprise (HPE) 13.2x). 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) +11.1%, Hewlett Packard Enterprise (HPE) +26.6%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Seagate Technology Holdings (STX) +128.3%, Equinix (EQIX) +21.8%, Hewlett Packard Enterprise (HPE) +116.6%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Seagate Technology Holdings (STX) +44.8%/yr, Equinix (EQIX) +4.8%/yr, Hewlett Packard Enterprise (HPE) +28.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Hewlett Packard Enterprise (HPE) has the highest dividend yield: Seagate Technology Holdings (STX) 0.01%, Equinix (EQIX) 0.00%, Hewlett Packard Enterprise (HPE) 0.01%. Equinix (EQIX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equinix (EQIX) has been the steadiest (Seagate Technology Holdings (STX) 74.8%, Equinix (EQIX) 25.6%, Hewlett Packard Enterprise (HPE) 59.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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.