Invesaro

Stocks Comparison

Equinix vs Prologis: revenue, profit, margins and growth compared

Equinix brought in $9.2B of revenue in fiscal 2025, Prologis $8.8B in fiscal 2025. Revenue changed by +5.4% at Equinix and +7.2% at Prologis on the year before, so Prologis grew faster. Equinix kept 14.6% of its revenue as net profit, Prologis 37.9%.

Side by side, latest fiscal year

EQIXPLD
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$9.2B$8.8B
Revenue growth+5.4%+7.2%
Net income$1.4B$3.3B
Net margin14.6%37.9%
Free cash flow-$400Mn/a
Free cash flow margin-4.3%n/a
Earnings per share (diluted)$13.76$3.56
Cash$1.7B$1.1B
Debt$1.3B$35B
Price to earnings73.337.4
Market value$99.5B$126.1B
Dividend yield1.86%0.02%
Rank by revenue in sector#3 of 195 · Real estate#4 of 195 · Real estate

Over the years

Revenue
EQIX FY2018: $5.1BEQIX FY2019: $5.6BEQIX FY2020: $6BEQIX FY2021: $6.6BEQIX FY2022: $7.3BEQIX FY2023: $8.2BEQIX FY2024: $8.7BEQIX FY2025: $9.2BPLD FY2018: $2.8BPLD FY2019: $3.3BPLD FY2020: $4.4BPLD FY2021: $4.8BPLD FY2022: $6BPLD FY2023: $8BPLD FY2024: $8.2BPLD FY2025: $8.8BFY18FY19FY20FY21FY22FY23FY24FY25
EQIX $9.2BPLD $8.8B
Net income
EQIX FY2018: $365.4MEQIX FY2019: $507.5MEQIX FY2020: $369.8MEQIX FY2021: $500.2MEQIX FY2022: $705MEQIX FY2023: $969MEQIX FY2024: $815MEQIX FY2025: $1.4BPLD FY2018: $1.6BPLD FY2019: $1.6BPLD FY2020: $1.5BPLD FY2021: $2.9BPLD FY2022: $3.4BPLD FY2023: $3.1BPLD FY2024: $3.7BPLD FY2025: $3.3BFY18FY19FY20FY21FY22FY23FY24FY25
EQIX $1.4BPLD $3.3B
Net margin
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%PLD FY2018: 58.8%PLD FY2019: 47.2%PLD FY2020: 33.4%PLD FY2021: 61.8%PLD FY2022: 56.3%PLD FY2023: 38.1%PLD FY2024: 45.5%PLD FY2025: 37.9%FY18FY19FY20FY21FY22FY23FY24FY25
EQIX 14.6%PLD 37.9%
Revenue growth
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%PLD FY2019: +18.8%PLD FY2020: +33.3%PLD FY2021: +7.2%PLD FY2022: +25.5%PLD FY2023: +34.3%PLD FY2024: +2.2%PLD FY2025: +7.2%FY19FY20FY21FY22FY23FY24FY25
EQIX +5.4%PLD +7.2%
Free cash flow
EQIX FY2018: -$280.7MEQIX FY2019: -$86.8MEQIX FY2020: $27.3MEQIX FY2021: -$204.3MEQIX FY2022: $685MEQIX FY2023: $436MEQIX FY2024: $183MEQIX FY2025: -$400MPLD FY2018: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
EQIX -$400MPLD $1.7B

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

Questions about Equinix and Prologis

Which is bigger by revenue, Equinix or Prologis?

Equinix is bigger by revenue: $9.2B in fiscal 2025, against $8.8B for Prologis in fiscal 2025.

Which keeps more of its revenue as profit, Equinix or Prologis?

Equinix had a net margin of 14.6% in fiscal 2025; Prologis had 37.9% in fiscal 2025.

Which grew revenue faster, Equinix or Prologis?

In their latest fiscal years revenue changed by +5.4% at Equinix and +7.2% at Prologis.

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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