DLR vs EQIX
Digital Realty (DLR) and Equinix (EQIX) compared side by side. Equinix (EQIX) is larger, with a market cap of $94.2B versus $65.1B for Digital Realty, about 1.4 times the size. On trailing earnings, EQIX is cheaper at 61.5x versus 83.7x for DLR.
Head to head
| Metric | DLR | EQIX |
|---|---|---|
| Market cap | $65.1B | $94.2B |
| P/E (TTM) | 83.7x | 61.5x |
| Forward P/E | 62.4x | 51.5x |
| Revenue (TTM) | $6.8B | $9.9B |
| Revenue growth | 29.9% | 16.7% |
| Gross margin | 57.0% | 52.0% |
| Operating margin | 25.9% | 27.0% |
| Free cash flow | $2.5B | -$1.5B |
| Dividend yield | 2.83% | 2.16% |
| 1-year return | +1.1% | +17.3% |
| 5-year return (annual) | +5.4% | +5.1% |
| Max drawdown | -57% | -99% |
| FI Handbook grade | C- | D+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
DLR vs EQIX FAQ
Which is bigger, DLR or EQIX?
Equinix (EQIX) is larger, with a market cap of $94.2B versus $65.1B for Digital Realty, about 1.4 times the size.
Is DLR or EQIX cheaper?
On trailing earnings, EQIX is cheaper at 61.5x versus 83.7x for DLR. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, DLR or EQIX?
EQIX returned +17.3% over the past year including dividends, versus +1.1% for DLR, through October 23, 2026.
Which pays a higher dividend, DLR or EQIX?
DLR yields 2.83% versus 2.16% for EQIX.
Full pages: Digital Realty · Equinix