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Stocks Comparison

Digital Realty Trust vs Equinix: revenue, profit, margins and growth compared

Digital Realty Trust brought in $6.1B of revenue in fiscal 2025, Equinix $9.2B in fiscal 2025. Revenue changed by +10.0% at Digital Realty Trust and +5.4% at Equinix on the year before, so Digital Realty Trust grew faster. Digital Realty Trust kept 21.4% of its revenue as net profit, Equinix 14.6%.

Side by side, latest fiscal year

DLREQIX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.1B$9.2B
Revenue growth+10.0%+5.4%
Net income$1.3B$1.4B
Net margin21.4%14.6%
Free cash flown/a-$400M
Free cash flow marginn/a-4.3%
Earnings per share (diluted)$3.58$13.76
Cash$3.5B$1.7B
Debtn/a$1.3B
Price to earnings49.973.3
Market value$66.1B$99.5B
Dividend yieldn/a1.86%
Rank by revenue in sector#8 of 162 · Real estate#3 of 162 · Real estate

Over the years

Revenue
DLR FY2018: $3BDLR FY2019: $3.2BDLR FY2020: $3.9BDLR FY2021: $4.4BDLR FY2022: $4.7BDLR FY2023: $5.5BDLR FY2024: $5.6BDLR FY2025: $6.1BEQIX FY2018: $5.1BEQIX FY2019: $5.6BEQIX FY2020: $6BEQIX FY2021: $6.6BEQIX FY2022: $7.3BEQIX FY2023: $8.2BEQIX FY2024: $8.7BEQIX FY2025: $9.2BFY18FY19FY20FY21FY22FY23FY24FY25
DLR $6.1BEQIX $9.2B
Net income
DLR FY2018: $331.2MDLR FY2019: $579.8MDLR FY2020: $356.4MDLR FY2021: $1.7BDLR FY2022: $377.7MDLR FY2023: $948.8MDLR FY2024: $602.5MDLR FY2025: $1.3BEQIX FY2018: $365.4MEQIX FY2019: $507.5MEQIX FY2020: $369.8MEQIX FY2021: $500.2MEQIX FY2022: $705MEQIX FY2023: $969MEQIX FY2024: $815MEQIX FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
DLR $1.3BEQIX $1.4B
Net margin
DLR FY2018: 10.9%DLR FY2019: 18.1%DLR FY2020: 9.1%DLR FY2021: 38.6%DLR FY2022: 8.0%DLR FY2023: 17.3%DLR FY2024: 10.8%DLR FY2025: 21.4%EQIX FY2018: 7.2%EQIX FY2019: 9.1%EQIX FY2020: 6.2%EQIX FY2021: 7.5%EQIX FY2022: 9.7%EQIX FY2023: 11.8%EQIX FY2024: 9.3%EQIX FY2025: 14.6%FY18FY19FY20FY21FY22FY23FY24FY25
DLR 21.4%EQIX 14.6%
Revenue growth
DLR FY2019: +5.3%DLR FY2020: +21.6%DLR FY2021: +13.4%DLR FY2022: +6.0%DLR FY2023: +16.7%DLR FY2024: +1.4%DLR FY2025: +10.0%EQIX FY2019: +9.7%EQIX FY2020: +7.8%EQIX FY2021: +10.6%EQIX FY2022: +9.5%EQIX FY2023: +12.7%EQIX FY2024: +6.8%EQIX FY2025: +5.4%FY19FY20FY21FY22FY23FY24FY25
DLR +10.0%EQIX +5.4%
Free cash flow
EQIX FY2018: -$280.7MEQIX FY2019: -$86.8MEQIX FY2020: $27.3MEQIX FY2021: -$204.3MEQIX FY2022: $685MEQIX FY2023: $436MEQIX FY2024: $183MEQIX FY2025: -$400MFY18FY19FY20FY21FY22FY23FY24FY25
DLREQIX -$400M

Fiscal years as each company reports them; the two may end in different months.

Questions about Digital Realty Trust and Equinix

Which is bigger by revenue, Digital Realty Trust or Equinix?

Equinix is bigger by revenue: $9.2B in fiscal 2025, against $6.1B for Digital Realty Trust in fiscal 2025.

Which keeps more of its revenue as profit, Digital Realty Trust or Equinix?

Digital Realty Trust had a net margin of 21.4% in fiscal 2025; Equinix had 14.6% in fiscal 2025.

Which grew revenue faster, Digital Realty Trust or Equinix?

In their latest fiscal years revenue changed by +10.0% at Digital Realty Trust 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.

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