Equinix (EQIX) EV to FCF (2014 - 2025)
Equinix's EV to FCF was 1745.59 in Q2 2025, up 714.8% from 214.24 a year earlier and up 705.3% from the prior quarter.
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Analysis
Equinix (EQIX) EV to FCF (2014 - 2025) Analysis & Trends
On a trailing twelve-month basis, Equinix's EV to FCF was 1495.40 through Jun 30, 2025, up 663.4% year-over-year; for FY2024, it came in at 481.54, up 183.7% from FY2023.
- In earlier years, EV to FCF was 169.72 in FY2023 (+97.8%), 85.79 in FY2022 and 2271.01 in FY2020.
- The Q2 2025 figure marks the highest quarterly EV to FCF since Q4 2020.
- Compared with a year earlier, EV to FCF was higher in seven of the last eight quarters, with growth averaging 213.3%.
- The best year-over-year quarter for EV to FCF over five years was Q2 2025 (growth of 714.8%); the worst was Q1 2023 (a decline of 80.2%).
- Per Business Quant data, EQIX's EV to FCF in the three quarters before Q2 2025 was 216.76 (Q1 2025), 481.54 (Q4 2024) and 429.26 (Q3 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.62 Bn | 6.03 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2025 | 5,434.48 |
| Dec 31, 2023 | 1,423.01 |
| Sep 30, 2023 | 16,526.83 |
| Jun 30, 2023 | 338.17 |
| Mar 31, 2023 | 164.65 |
| Dec 31, 2022 | 134.47 |
| Sep 30, 2022 | 64.22 |
| Jun 30, 2022 | 145.23 |
| Jun 30, 2018 | 2,395.04 |
| Jun 30, 2015 | 234.76 |
| Mar 31, 2015 | 1,560.49 |
| Dec 31, 2014 | 936.89 |
| Sep 30, 2014 | 869.61 |
API Access
Equinix EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=EQIX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "EQIX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=EQIX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();