Equinix (EQIX) FCF Margin (2009 - 2026)
Equinix's (EQIX) quarterly FCF Margin came in at 22.05% in Q1 2026, down 5765.0% year-on-year from 0.39% in Q1 2025, and down 117.64% quarter-over-quarter from 125.0% in Q4 2025.
Equinix (EQIX) FCF Margin (2009 - 2026) Analysis & Trends
Equinix's FCF Margin history runs 18 years deep, the most recent figure standing at 22.05% for Q1 2026.
- On a quarterly basis, FCF Margin fell 5765.0% year-over-year to 22.05% in Q1 2026; TTM through Mar 2026 was 16.81%, a 1850.0% decrease from a year earlier, with the FY2025 full-year figure at 31.65%, down 164.0% from the prior year.
- FCF Margin slipped to 22.05% in Q1 2026 per EQIX's latest filing, from 125.0% in the prior quarter.
- Across five years, FCF Margin topped out at 125.0% in Q4 2025 and bottomed at 76.08% in Q3 2025.
- The 5-year median for FCF Margin is 32.61% (2023), against an average of 30.3%.
- Biggest YoY gain for FCF Margin was 8404 bps in 2024; the steepest drop was 8694 bps in 2024.
- Year by year, FCF Margin stood at 104.88% in 2022, then sank by 65 bps to 36.4% in 2023, then surged by 231 bps to 120.43% in 2024, then advanced by 4 bps to 125.0% in 2025, then sank by 118 bps to 22.05% in 2026.
- Per Business Quant, the three latest EQIX FCF Margin figures stand at 22.05% (Q1 2026), 125.0% (Q4 2025), and 76.08% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.99 Bn | 99.94 Bn | 1.26 Bn | -22.05% |
| 2 | American Tower | 80.93 Bn | 80.80 Bn | 2.70 Bn | 47.17% |
| 3 | Iron Mountain | 37.23 Bn | 36.98 Bn | 1.05 Bn | 1.89% |
| 4 | Crown Castle | 33.54 Bn | 33.48 Bn | 23.00 Mn | 922.45% |
| 5 | Sba Communications | 18.88 Bn | 18.88 Bn | 532.10 Mn | 29.38% |
| 6 | Weyerhaeuser | 17.63 Bn | 17.33 Bn | 318.00 Mn | 1.68% |
| 7 | Lamar Advertising | 16.44 Bn | 16.40 Bn | 344.69 Mn | 21.64% |
| 8 | Gaming & Leisure Properties | 13.04 Bn | 13.04 Bn | - | 37.80% |
| 9 | OUTFRONT Media | 5.64 Bn | 5.57 Bn | 202.10 Mn | 16.76% |
| 10 | Rayonier | 5.64 Bn | 4.95 Bn | 46.45 Mn | 10.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -22.05% |
| Dec 31, 2025 | 125.00% |
| Sep 30, 2025 | -76.08% |
| Jun 30, 2025 | 38.21% |
| Mar 31, 2025 | 35.60% |
| Dec 31, 2024 | 120.43% |
| Sep 30, 2024 | -54.34% |
| Jun 30, 2024 | 37.24% |
| Mar 31, 2024 | 27.32% |
| Dec 31, 2023 | 36.40% |
| Sep 30, 2023 | 32.61% |
| Jun 30, 2023 | 60.97% |
| Mar 31, 2023 | 7.28% |
| Dec 31, 2022 | 104.88% |
| Sep 30, 2022 | 14.54% |
| Jun 30, 2022 | 17.43% |
| Mar 31, 2022 | 9.72% |
| Dec 31, 2021 | 51.87% |
| Sep 30, 2021 | 33.28% |
| Jun 30, 2021 | 34.10% |