Equinix (EQIX) EV to FCF (2009 - 2026)
Equinix (EQIX) posted EV to FCF of 196.98 for Q2 2026, down 13.37% on a QoQ basis from 173.74 in Q1 2026, and up 87.91% year-over-year from 104.82 in Q2 2025.
Analysis
Equinix (EQIX) EV to FCF (2009 - 2026) Analysis & Trends
Equinix has reported EV to FCF for 18 years, with the latest figure at 196.98 in Q2 2026.
- On a quarterly basis, EV to FCF rose 87.91% year-over-year to 196.98 in Q2 2026; TTM through Jun 2026 was 68.75, a 103.94% decrease from a year earlier, with the FY2025 full-year figure at 180.14, down 137.4% from the prior year.
- EV to FCF was 196.98 for Q2 2026 at Equinix, down from 173.74 in the prior quarter.
- The five-year high for EV to FCF was 24673.81 in Q4 2023, with the low at 14691.32 in Q4 2024.
- Average EV to FCF over 5 years is 654.45, with a median of 185.16 recorded in 2022.
- The sharpest annual moves came in 2023 and 2025: EV to FCF jumped 2951.69% in 2023, then sank 715.84% in 2025.
- Over 5 years, EV to FCF stood at 865.23 in 2022, then surged by 2951.69% to 24673.81 in 2023, then slumped by 159.54% to 14691.32 in 2024, then jumped by 98.32% to 246.76 in 2025, then climbed by 20.18% to 196.98 in 2026.
- The last three EV to FCF figures came in at 196.98 (Q2 2026), 173.74 (Q1 2026), and 246.76 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -196.98 |
| Mar 31, 2026 | -173.74 |
| Dec 31, 2025 | -246.76 |
| Sep 30, 2025 | -606.54 |
| Jun 30, 2025 | -1,629.81 |
| Mar 31, 2025 | 1,289.98 |
| Dec 31, 2024 | -14,691.32 |
| Sep 30, 2024 | 2,424.81 |
| Jun 30, 2024 | 264.65 |
| Mar 31, 2024 | -704.82 |
| Dec 31, 2023 | 24,673.81 |
| Sep 30, 2023 | 391.97 |
| Jun 30, 2023 | 689.63 |
| Mar 31, 2023 | 399.91 |
| Dec 31, 2022 | -865.23 |
| Sep 30, 2022 | 187.39 |
| Jun 30, 2022 | 182.94 |
| Mar 31, 2022 | 390.27 |
| Dec 31, 2021 | 1,004.98 |
| Sep 30, 2021 | -5,155.94 |