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Ken GriffinReduced
Citadel Advisors · Q2 2026
$154.51M
148.23K shares · 0.1% of portfolio
Equinix Inc
Equinix Inc (EQIX) is listed on NASDAQ and classified in REIT - Specialty, part of the Real Estate sector. It is headquartered in Redwood City, United States and has 13,716 employees. The company is worth $94B and trades at 64.0x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $9.22B in fiscal 2025, up 5.4% from the year before. Net income was $1.35B. The share price is 15.6% below its 52-week high of $1,128.68. It pays a dividend yielding 2.17%, and has raised its annual dividend for 10 years in a row in our records. 9 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Philippe Laffont (Coatue Management), at $1.33B. In that quarter, 4 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +21.4% over 5Y.
today you would have $1,301.24▲ +30.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $766.16 | $942.89 | $805.39 | $655.03 | $845.84 | $714.18 | $583.70 | $352.56 | $453.22 | $357.41 | $302.40 | $226.73 | $177.45 | $206.20 | $101.40 | $81.26 | $106.15 | $53.19 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 2.2% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 93.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 0.6% a year against a 8.8% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AMTAmerican Tower Corp | $181.57 | 24.4x | 22.7x | 3.94% | 33.91% | $84.6B |
| SPGSimon Property Group Inc | $212.04 | 14.5x | 15.6x | 4.20% | 120.51% | $80.5B |
| PLDPrologis, Inc. | $126.66 | 28.3x | 2.2x | 3.38% | 7.71% | $123.13B |
| DLRDigital Realty Trust Inc | $170.94 |
| P/E | 93.9x | 55.7x | 110.9x | 78.1x | 85.4x | 153.0x | 170.9x | 97.4x | 77.3x | 151.1x | 199.7x | 94.2x | — | 93.9x | 72.9x | 58.3x | 99.1x | 60.7x | 19.1x |
| P/S | 7.4x | 8.2x | 10.5x | 9.3x | 8.4x | 11.6x | 10.6x | 9.0x | 5.6x | 8.2x | 7.1x | 7.7x | 5.2x | 4.1x | 5.3x | 3.0x | 3.1x | 4.7x | 3.1x |
| P/B | 5.3x | 5.3x | 6.8x | 6.1x | 5.3x | 7.1x | 6.0x | 5.6x | 3.9x | 5.2x | 5.9x | 7.6x | 5.6x | 3.6x | 4.3x | 2.4x | 2.0x | 3.5x | 2.4x |
| EPS | $13.76 | $8.50 | $10.31 | $7.67 | $5.53 | $4.18 | $5.99 | $4.56 | $3.00 | $1.79 | $3.21 | -$4.96 | $1.89 | $2.83 | $1.74 | $0.82 | $1.75 | $2.79 |
| Dividend yield | 1.85% | 2.45% | 1.81% | 1.80% | 1.89% | 1.36% | 1.49% | 1.69% | 2.59% | 1.77% | 1.96% | 5.86% | 3.34% | — | — | — | — | — | — |
| Payout | 200.47% | 136.34% | 200.47% | 140.54% | 161.67% | 207.59% | 254.55% | 164.27% | 200.00% | 266.67% | 391.06% | 551.71% | — | — | — | — | — | — | — |
| Profit margin | 7.31% | 14.65% | 9.32% | 11.83% | 9.71% | 7.54% | 6.16% | 9.12% | 7.20% | 5.33% | 3.51% | 6.89% | -10.62% | 4.40% | 7.42% | 6.05% | 3.08% | 7.87% | 15.32% |
| ROE | 5.40% | 9.54% | 6.02% | 7.76% | 6.13% | 4.60% | 3.48% | 5.74% | 5.06% | 3.40% | 2.90% | 6.84% | -11.43% | 3.85% | 6.05% | 4.90% | 1.98% | 5.87% | 11.77% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-58.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 85.5x |
| 2.4x |
| 2.85% |
| 2.91% |
| $64.56B |
| PSAPublic Storage | $309.13 | 28.5x | 11.2x | 3.88% | 21.93% | $57.76B |
| ORealty Income Corp | $57.06 | 41.3x | 1.4x | 5.71% | 3.23% | $53.99B |
