American Tower vs Equinix: revenue, profit, margins and growth compared
American Tower brought in $10.6B of revenue in fiscal 2025, Equinix $9.2B in fiscal 2025. Revenue changed by +5.1% at American Tower and +5.4% at Equinix on the year before, so Equinix grew faster. American Tower kept 23.8% of its revenue as net profit, Equinix 14.6%. Free cash flow was $3.8B at American Tower and -$400M at Equinix.
Fiscal years as each company reports them; the two may end in different months.
Questions about American Tower and Equinix
Which is bigger by revenue, American Tower or Equinix?
American Tower is bigger by revenue: $10.6B in fiscal 2025, against $9.2B for Equinix in fiscal 2025.
Which keeps more of its revenue as profit, American Tower or Equinix?
American Tower had a net margin of 23.8% in fiscal 2025; Equinix had 14.6% in fiscal 2025.
Which grew revenue faster, American Tower or Equinix?
In their latest fiscal years revenue changed by +5.1% at American Tower and +5.4% at Equinix.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.