EQIX vs PLD
Equinix (EQIX) and Prologis (PLD) compared side by side. Prologis (PLD) is larger, with a market cap of $122.9B versus $94.2B for Equinix, about 1.3 times the size. On trailing earnings, PLD is cheaper at 28.1x versus 61.5x for EQIX.
Head to head
| Metric | EQIX | PLD |
|---|---|---|
| Market cap | $94.2B | $122.9B |
| P/E (TTM) | 61.5x | 28.1x |
| Forward P/E | 51.5x | 39.9x |
| Revenue (TTM) | $9.9B | $9.9B |
| Revenue growth | 16.7% | 10.2% |
| Gross margin | 52.0% | 75.7% |
| Operating margin | 27.0% | 42.9% |
| Free cash flow | -$1.5B | $5.2B |
| Dividend yield | 2.16% | 3.38% |
| 1-year return | +17.3% | +3.7% |
| 5-year return (annual) | +5.1% | +0.3% |
| Max drawdown | -99% | -85% |
| FI Handbook grade | D+ | C |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
$7.5K
$10.0K
$12.5K
20222023202420252026
EQIX vs PLD FAQ
Which is bigger, EQIX or PLD?
Prologis (PLD) is larger, with a market cap of $122.9B versus $94.2B for Equinix, about 1.3 times the size.
Is EQIX or PLD cheaper?
On trailing earnings, PLD is cheaper at 28.1x versus 61.5x for EQIX. 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 PLD?
EQIX returned +17.3% over the past year including dividends, versus +3.7% for PLD, through October 23, 2026.
Which pays a higher dividend, EQIX or PLD?
PLD yields 3.38% versus 2.16% for EQIX.