STX vs EQIX Stock Comparison

Seagate Technology Holdings and Equinix Prices as of Oct 23, 2026 Peers: Industry group
EQIX Equinix Inc
$955.03 -8.0% 1M +14.8% 1Y
Market cap
$95.45B
P/E
62.3x
Revenue (TTM)
$9.81B
Div. yield
–
Data Centers Technology
1 win

Head to Head

11 decided of 12

Seagate Technology Holdings leads on 10 of the 12 questions below (Seagate Technology Holdings 10, Equinix 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSTXEQIXLeader
Larger companyMarket capitalisation $140.90B $95.45B STX
Cheaper on earningsLower P/E, profitable companies only 44.3x 62.3x STX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 16.5x 54.1x STX
Faster revenue growthRevenue growth, trailing twelve months +34.1% +9.6% STX
More profitableNet margin, trailing twelve months 26.1% 15.6% STX
Better return on capitalReturn on invested capital 66.1% 5.6% STX
Less leveragedLower net debt / EBITDA 0.4x 4.0x STX
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +178.5% +14.8% STX
Better 5-year returnAnnualised price return, 5 years +48.6%/yr +3.1%/yr STX
Less volatileAnnualised volatility, 1 year 75.9% 25.8% EQIX
Higher overall scoreMean of the five percentile scores vs peers 63/100 55/100 STX

Percentile Scorecard

STXEQIX

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

AxisSTXEQIX
Valuation 25 #84 of 112 35 #25 of 38
Growth 98 #3 of 109 34 #24 of 36
Profitability 98 #3 of 105 82 #7 of 34
Financial Health 36 #75 of 117 46 #21 of 38
Shareholder Returns 56 #37 of 82 76 #6 of 22
Overall 63 55
  • STX ranked among 122 companies in Computer Hardware
  • EQIX ranked among 39 companies in Cloud Computing

Price Performance

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

Returns

PeriodSTXEQIXSPY
1 month -31.8%-8.0% -1.0%
3 months -26.0%-11.9% +2.9%
6 months +7.5%-13.9% +6.4%
Year to date +128.9%+24.7% +11.4%
1 year +178.5%+14.8% +13.1%
3 years +825.8%+35.6% +79.4%
3 years, per year +110.1%+10.7% +21.5%
5 years +622.8%+16.3% +67.7%
5 years, per year +48.6%+3.1% +10.9%
10 years +1,727.5%+158.2% +255.2%
10 years, per year +33.7%+10.0% +13.5%

Risk

MeasureSTXEQIXSPY
Volatility, 1Y 75.9%25.8% 12.7%
Downside volatility, 1Y 75.9%23.1% 12.7%
Beta vs S&P 500, 1Y 2.490.55 1.00
Return / volatility, 1Y 2.350.57 1.03
Max drawdown, 5Y -58.2%-40.4% -25.4%
From 52-week high -42.4%-14.4% -2.5%
52-week high $1,094.04$1,115.94 $779.14
52-week low $223.00$726.09 $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.

MultipleSTXEQIX
P/E now vs peer median 43.4xmedian 31.3x 61.5xmedian 29.1x
P/S now vs peer median 11.7xmedian 2.6x 9.6xmedian 4.5x
EV/EBITDA now vs peer median 33.1xmedian 19.6x 25.8xmedian 21.5x
P/FCF now vs peer median 46.1xmedian 28.3x -36.5xmedian 17.3x
P/B now vs peer median 66.0xmedian 2.9x 6.6xmedian 3.9x
PEG now vs peer median 0.46median 1.15 2.85median 0.33

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 monthsSTXEQIX
Revenue $12.20B $9.81B
Gross profit $5.56B $5.05B
Operating income $4.09B $2.14B
Net income $3.18B $1.53B
Free cash flow $3.10B -$2.58B
R&D $755.00M –
EPS (diluted) $13.90 $15.46
Cash & equivalents $1.70B $979.00M
Total debt $3.57B $74.04B
Shares (diluted) 229.00M 99.14M
Enterprise value $135.89B $84.02B

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
MetricSTXEQIX
P/E 43.4x 61.5x
P/FCF 46.1x -36.5x
P/Operating cash flow 38.9x 23.9x
P/S 11.7x 9.6x
P/B 66.0x 6.6x
P/Tangible book 66.0x 7.2x
EV/EBITDA 33.1x 25.8x
EV/EBIT 35.4x 52.2x
EV/Revenue 11.9x 11.4x
EV/FCF 46.7x -43.2x
EV/Operating cash flow 39.4x 28.3x
PEG (3Y EPS CAGR) 0.46 2.85

Growth

14 metrics
MetricSTXEQIX
Revenue growth (1Y) 34.1% 9.6%
Revenue CAGR (3Y) 18.2% 7.2%
Gross profit growth (1Y) 73.7% 12.7%
Gross profit CAGR (3Y) 60.2% 8.2%
Operating income growth (1Y) 116.6% 44.5%
Operating income CAGR (3Y) 140.8% 17.1%
Net income growth (1Y) 116.7% 54.2%
Net income CAGR (3Y) 100.2% 23.8%
EPS growth (1Y) 105.4% 52.5%
EPS CAGR (3Y) 95.2% 21.6%
Operating cash flow growth (1Y) 239.2% 12.9%
Operating cash flow CAGR (3Y) 57.4% 9.4%
Free cash flow growth (1Y) 279.3% -860.2%
Free cash flow CAGR (3Y) 70.6% -142.7%

Profitability

14 metrics
MetricSTXEQIX
Gross margin 45.6% 51.5%
EBITDA margin 35.8% 44.1%
Operating margin 33.6% 21.8%
Pretax margin 30.3% 17.4%
Net margin 26.1% 15.6%
FCF margin 25.4% -26.3%
Operating cash flow margin 30.1% 40.2%
Return on equity 195.2% 10.7%
Return on assets 33.8% 3.7%
Return on invested capital 66.1% 5.6%
Return on capital employed 64.9% 5.8%
Asset turnover 1.3x 0.2x
Cash conversion (OCF / net income) 1.2x 2.6x
Stock comp / revenue 1.7% 5.4%

Financial Health

11 metrics
MetricSTXEQIX
Debt / assets 35.8% 48.0%
Debt / equity 1.6x 1.4x
Net debt / EBITDA 0.4x 4.0x
Debt / FCF 1.1x -7.6x
Liabilities / assets 78.3% 65.0%
Equity / assets 21.7% 35.0%
Interest coverage 14.4x 3.8x
Current ratio 1.7x 1.1x
Quick ratio 1.1x 0.9x
Cash ratio 0.5x 0.6x
Altman Z-score 12.99 2.78

Shareholder Returns

7 metrics
MetricSTXEQIX
Dividend yield 0.5% 2.1%
Net buyback yield 0.1% -0.1%
Shareholder yield 0.6% 2.0%
Payout ratio (earnings) 19.9% –
Payout ratio (FCF) 20.4% –
Dividend growth (1Y) 5.7% –
Dividend CAGR (3Y) 2.9% –

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.

ConsensusSTXEQIX
Forward P/E 16.5xFY2027 54.1xFY2026
EPS, next fiscal year $38.12FY2027 $17.65FY2026
EPS growth, next FY +144.7%FY2027 +28.3%FY2026
EPS growth, the year after +63.5% +10.9%
Revenue, next fiscal year $19.47BFY2027 $10.81BFY2026
Revenue growth, next FY +59.6%FY2027 +17.3%FY2026
Revenue growth, the year after +29.8% -0.6%

Institutional Ownership

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

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.

STXEQIX
STX 1.00 0.26
EQIX 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, STX and EQIX?

Seagate Technology Holdings (STX) is the largest by market capitalisation: Seagate Technology Holdings (STX) $140.90B, Equinix (EQIX) $95.45B.

Which stock is cheaper, STX and EQIX?

Seagate Technology Holdings (STX) trades on the lowest price-to-earnings ratio (Seagate Technology Holdings (STX) 44.3x, Equinix (EQIX) 62.3x). On next year's consensus earnings, Seagate Technology Holdings (STX) is cheapest (Seagate Technology Holdings (STX) 16.5x, Equinix (EQIX) 54.1x). 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: Seagate Technology Holdings (STX) +34.1%, Equinix (EQIX) +9.6%.

Which company is more profitable?

Seagate Technology Holdings (STX) has the highest net margin (Seagate Technology Holdings (STX) 26.1%, Equinix (EQIX) 15.6%). On return on invested capital, Seagate Technology Holdings (STX) leads (Seagate Technology Holdings (STX) 66.1%, Equinix (EQIX) 5.6%).

Which stock has performed better?

Over the past year Seagate Technology Holdings (STX) returned the most: Seagate Technology Holdings (STX) +178.5%, Equinix (EQIX) +14.8%. Over five years, Seagate Technology Holdings (STX) compounded fastest (Seagate Technology Holdings (STX) +48.6%/yr, Equinix (EQIX) +3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Seagate Technology Holdings (STX) 0.00%, Equinix (EQIX) 0.00%. 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) 75.9%, Equinix (EQIX) 25.8%). Volatility measures how widely the price swings, not the risk of the business.

Do STX and EQIX move together?

Their daily returns over the past year have a correlation of 0.26, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, STX and EQIX?

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 10. 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.