Equinix Past Earnings Performance
Past criteria checks 4/6
Equinix has been growing earnings at an average annual rate of 16.6%, while the Specialized REITs industry saw earnings growing at 19.9% annually. Revenues have been growing at an average rate of 8% per year. Equinix's return on equity is 7.7%, and it has net margins of 12.5%.
Key information
16.6%
Earnings growth rate
13.4%
EPS growth rate
| Specialized REITs Industry Growth | 11.2% |
| Revenue growth rate | 8.0% |
| Return on equity | 7.7% |
| Net Margin | 12.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Equinix makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 7,754 | 969 | 2,512 | 0 |
| 30 Sep 23 | 7,490 | 870 | 2,439 | 0 |
| 30 Jun 23 | 7,211 | 806 | 2,391 | 0 |
| 31 Mar 23 | 6,987 | 816 | 2,346 | 0 |
| 31 Dec 22 | 6,723 | 704 | 2,334 | 0 |
| 30 Sep 22 | 6,610 | 699 | 2,225 | 0 |
| 30 Jun 22 | 6,491 | 639 | 2,174 | 0 |
| 31 Mar 22 | 6,398 | 491 | 2,104 | 0 |
| 31 Dec 21 | 6,260 | 500 | 2,043 | 0 |
| 30 Sep 21 | 5,890 | 428 | 1,990 | 0 |
| 30 Jun 21 | 5,832 | 342 | 1,924 | 0 |
| 31 Mar 21 | 5,774 | 407 | 1,852 | 0 |
| 31 Dec 20 | 5,623 | 370 | 1,809 | 0 |
| 30 Sep 20 | 5,785 | 444 | 1,735 | 0 |
| 30 Jun 20 | 5,637 | 498 | 1,687 | 0 |
| 31 Mar 20 | 5,565 | 508 | 1,643 | 0 |
| 31 Dec 19 | 5,159 | 507 | 1,586 | 0 |
| 30 Sep 19 | 5,395 | 492 | 1,548 | 0 |
| 30 Jun 19 | 5,313 | 496 | 1,509 | 0 |
| 31 Mar 19 | 5,250 | 421 | 1,482 | 0 |
| 31 Dec 18 | 5,102 | 365 | 1,460 | 0 |
| 30 Sep 18 | 5,022 | 321 | 1,434 | 0 |
| 30 Jun 18 | 4,887 | 276 | 1,412 | 0 |
| 31 Mar 18 | 4,635 | 254 | 1,380 | 0 |
| 31 Dec 17 | 4,348 | 233 | 1,328 | 0 |
| 30 Sep 17 | 4,108 | 231 | 1,279 | 0 |
| 30 Jun 17 | 3,870 | 200 | 1,228 | 0 |
| 31 Mar 17 | 3,717 | 194 | 1,171 | 0 |
| 31 Dec 16 | 3,612 | 114 | 1,133 | 0 |
| 30 Sep 16 | 3,377 | 61 | 1,066 | 0 |
| 30 Jun 16 | 3,149 | 54 | 981 | 0 |
| 31 Mar 16 | 2,927 | 74 | 906 | 0 |
| 31 Dec 15 | 2,726 | 188 | 825 | 0 |
| 30 Sep 15 | 2,634 | -178 | 795 | 0 |
| 30 Jun 15 | 2,567 | -176 | 770 | 0 |
| 31 Mar 15 | 2,507 | -224 | 756 | 0 |
| 31 Dec 14 | 2,444 | -260 | 734 | 0 |
| 30 Sep 14 | 2,370 | 141 | 705 | 0 |
| 30 Jun 14 | 2,293 | 140 | 682 | 0 |
| 31 Mar 14 | 2,217 | 103 | 643 | 0 |
| 31 Dec 13 | 2,153 | 95 | 621 | 0 |
| 30 Sep 13 | 2,094 | 83 | 598 | 0 |
| 30 Jun 13 | 2,036 | 67 | 576 | 0 |
Quality Earnings: EQN2 has a large one-off gain of $436.0M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: EQN2's current net profit margins (12.5%) are higher than last year (10.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EQN2's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: EQN2's earnings growth over the past year (37.6%) exceeds its 5-year average (16.6% per year).
Earnings vs Industry: EQN2 earnings growth over the past year (37.6%) exceeded the Specialized REITs industry -6.7%.
Return on Equity
High ROE: EQN2's Return on Equity (7.7%) is considered low.