Equinix (EQIX) FCF Margin (2009 - 2026)
Equinix (EQIX) posted FCF Margin of 19.47% for Q2 2026, up 11.73% on a QoQ basis from 22.05% in Q1 2026, and down 1747.0% year-over-year from 1.18% in Q2 2025.
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Analysis
Equinix (EQIX) FCF Margin (2009 - 2026) Analysis & Trends
Equinix has reported FCF Margin for 18 years, with the latest figure at 19.47% in Q2 2026.
- On a quarterly basis, FCF Margin fell 1747.0% year-over-year to 19.47% in Q2 2026; TTM through Jun 2026 was 14.93%, a 1540.0% decrease from a year earlier, with the FY2025 full-year figure at 4.34%, down 643.0% from the prior year.
- FCF Margin was 19.47% for Q2 2026 at Equinix, up from 22.05% in the prior quarter.
- The five-year high for FCF Margin was 17.43% in Q2 2022, with the low at 22.05% in Q1 2026.
- Average FCF Margin over 5 years is 0.5%, with a median of 0.84% recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: FCF Margin soared 2304 bps in 2022, then slumped 2471 bps in 2026.
- Over 5 years, FCF Margin stood at 3.63% in 2022, then jumped by 104 bps to 0.14% in 2023, then sank by 287 bps to 0.27% in 2024, then sank by 4447 bps to 12.07% in 2025, then slumped by 61 bps to 19.47% in 2026.
- The last three FCF Margin figures came in at 19.47% (Q2 2026), 22.05% (Q1 2026), and 12.07% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn | -19.47% |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn | -2,216.52% |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn | -446.97% |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn | -2,632.52% |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn | 45.70% |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn | -355.63% |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn | 62.09% |
| 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 | -128.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.47% |
| Mar 31, 2026 | -22.05% |
| Dec 31, 2025 | -12.07% |
| Sep 30, 2025 | -5.27% |
| Jun 30, 2025 | -1.99% |
| Mar 31, 2025 | 2.65% |
| Dec 31, 2024 | -0.27% |
| Sep 30, 2024 | 1.54% |
| Jun 30, 2024 | 12.23% |
| Mar 31, 2024 | -5.12% |
| Dec 31, 2023 | 0.14% |
| Sep 30, 2023 | 8.15% |
| Jun 30, 2023 | 5.10% |
| Mar 31, 2023 | 7.28% |
| Dec 31, 2022 | -3.63% |
| Sep 30, 2022 | 14.54% |
| Jun 30, 2022 | 17.43% |
| Mar 31, 2022 | 9.72% |
| Dec 31, 2021 | 4.38% |
| Sep 30, 2021 | -0.81% |