EQIX vs IRM
Equinix (EQIX) and Iron Mountain (IRM) compared side by side. Equinix (EQIX) is larger, with a market cap of $94.2B versus $32.7B for Iron Mountain, about 2.9 times the size. On trailing earnings, EQIX is cheaper at 61.5x versus 78.5x for IRM.
Head to head
| Metric | EQIX | IRM |
|---|---|---|
| Market cap | $94.2B | $32.7B |
| P/E (TTM) | 61.5x | 78.5x |
| Forward P/E | 51.5x | 40.3x |
| Revenue (TTM) | $9.9B | $7.6B |
| Revenue growth | 16.7% | 18.5% |
| Gross margin | 52.0% | 54.2% |
| Operating margin | 27.0% | 19.1% |
| Free cash flow | -$1.5B | -$596.7M |
| Dividend yield | 2.16% | 3.15% |
| 1-year return | +17.3% | +9.4% |
| 5-year return (annual) | +5.1% | +23.6% |
| Max drawdown | -99% | -56% |
| FI Handbook grade | D+ | D+ |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
EQIX vs IRM FAQ
Which is bigger, EQIX or IRM?
Equinix (EQIX) is larger, with a market cap of $94.2B versus $32.7B for Iron Mountain, about 2.9 times the size.
Is EQIX or IRM cheaper?
On trailing earnings, EQIX is cheaper at 61.5x versus 78.5x for IRM. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, EQIX or IRM?
EQIX returned +17.3% over the past year including dividends, versus +9.4% for IRM, through October 23, 2026.
Which pays a higher dividend, EQIX or IRM?
IRM yields 3.15% versus 2.16% for EQIX.
Full pages: Equinix · Iron Mountain