Equinix (EQIX)财务
NASDAQ · Real Estate · REIT - Specialty · 员工13,716人 · CEO Adaire Rita Fox-Martin
- 股价
- $1,013.70 -2.22%
- 市值
- $1000亿
- 企业价值
- $1240亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-10 EPS预期 $4.20
营收(TTM)$101亿+11.3% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)22.5%+5.6 百分点 对比去年同期营业利润 $22.6亿
净利润(TTM)$16.5亿+53.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$11.7亿+1,123.7% 对比去年同期资本支出 $30亿
稀释EPS(TTM)$16.65+52.5% 对比去年同期最近4个季度之和
净现金-$228亿-26.4% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1000亿 EV $1240亿
- 营收
- $101亿 过去12个月
- 营收增速
- +12% FY2026年一致预期
- 净利润率
- 16.3% 净利润 / 营收,TTM
- P/E
- 60.6× 预期 56.2×(FY2026)
- P/S
- 10.0× 股价 / 营收,TTM
- EV / EBITDA
- 26.6× TTM
- 自由现金流
- $11.7亿 过去12个月
- 净利润
- $16.5亿 过去12个月
- 营收预期
- $103亿 FY2026年一致预期
- 盈利
- 2027-02-10 营收预期 $26.9亿
- 股息
- $20.17 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收符合预期,EPS 超预期20.0%营收$25.7亿,预期$25.6亿(+0.3%);EPS $4.93,预期$4.11(+20.0%)。
- 营收增长加速:同比11.0%Q3 '26营收$25.7亿,此前四个季度的平均值为9.9%。
- 营业利润率22.5%(TTM),较去年同期+5.6 百分点营收增长11.3%,营业利润增长48.1%。
- 税前利润的22.8%被营业外亏损吞噬税前利润$18.4亿,营业利润$22.6亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的29.8%(去年为42.6%)最近4个季度投入$30亿(同比-22.2%)。自由现金流$11.7亿,相当于净利润的70.8%。
- 股东回报$20.1亿 = 自由现金流的172.1%回购$0(去年为$0),股息$20.1亿,股权激励$5.42亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加1.1%Q3 '26稀释股数9930万,一年前为9820万。
- 净债务 $228亿现金 + 短期投资 $36亿,含租赁债务 $264亿;一年前净债务 $181亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $25.7亿 | $23.2亿 | +11.0% |
| 毛利率 | 51.1% | 50.7% | +0.4 百分点 |
| 营业利润 | $6亿 | $4.74亿 | +26.6% |
| 营业利润率 | 23.3% | 20.5% | +2.9 百分点 |
| 净利润 | $4.89亿 | $3.74亿 | +30.7% |
| 稀释EPS | $4.93 | $3.81 | +29.4% |
| 经营现金流 | $12.4亿 | $10.1亿 | +22.6% |
| 资本支出 | $15.7亿 | $11.4亿 | +38.0% |
| 自由现金流 | -$3.25亿 | -$1.22亿 | -166.4% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1.41亿 | $1.3亿 | +8.5% |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $25.7亿 | $25.6亿 | +0.3% |
| EPS(一致预期口径) | $4.93 | $4.11 | +20.0% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Recurring Revenues | $24.4亿 | +10.2% | 95.0% | $94.4亿 | – | |
| Non-Recurring Revenues | $1.29亿 | +27.7% | 5.0% | $6.16亿 | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Americas | $11.5亿 | +10.9% | 44.7% | $45.6亿 | – | |
| EMEA | $8.78亿 | +12.0% | 34.2% | $33.9亿 | – | |
| Asia Pacific | $5.45亿 | +9.7% | 21.2% | $21.1亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $41.7亿
- 资本支出
- -$30亿
- 股票回购
- $0
- 股息
- -$20.1亿
- 收购
- -$1.29亿
- 债务净发行
- $55.9亿
- 股权激励费用
- $5.42亿
- 自由现金流
- $11.7亿
- 股东回报 / FCF
- 172.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 60.6× | 96.2× | 55.6× – 151.9× |
| EV / EBITDA | 26.6× | 28.2× | 23.6× – 34.4× |
| EV / 营收 | 12.3× | 11.5× | 10.3× – 13.5× |
| 股价 / FCF | 86.0× | 250.8× 5年中的3年 | 87.5× – 491.8× |
| 股价 / 净资产 | 6.9× | 6.0× | 5.2× – 7.0× |
| FCF收益率 | 1.2% | 0.2% | -0.5% – 1.1% |
| 投入资本回报率 | 4.8% | 3.7% | 3.3% – 4.4% |
| 净资产收益率 | 11.5% | 6.8% | 4.6% – 9.5% |
分析师
一致目标价 $1,258.21 (+24.1%)
区间 $1,135.00 – $1,400.00 · 评级 Buy
强烈买入1
买入39
持有12
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $103亿 | +11.6% | $18.05 | +31.2% | 56.2× | 11 |
| FY2027 | $115亿 | +11.2% | $19.73 | +9.3% | 51.4× | 13 |
| FY2028 | $129亿 | +11.9% | $21.60 | +9.5% | 46.9× | 13 |
| FY2029 | $146亿 | +13.3% | $23.74 | +9.9% | 42.7× | 10 |
| FY2030 | $160亿 | +9.7% | $26.14 | +10.1% | 38.8× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Equinix, Inc.在近期10-Q / 10-K文件中标记的全部369项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $15.6亿 | $11.4亿 | +37.1% | – | – | – | |
| Accounts Payable and Accrued Liabilities, Current | $14.3亿 | $12.8亿 | +11.8% | $13.5亿 | $11.9亿 | +13.2% |
| Accounts Payable, Current | $1.27亿2025-12-31 | $1.33亿 | -4.5% | $1.27亿 | $1.33亿 | -4.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $12亿 | $11.4亿 | +5.2% | $10亿 | $9.49亿 | +5.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1100万 | $1700万 | -35.3% | $1600万 | $1900万 | -15.8% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $1300万 | $2000万 | -35.0% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $10.2亿2025-12-31 | $9.68亿 | +5.1% | $10.2亿 | $9.68亿 | +5.1% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $1000万 | $2100万 | -52.4% |
| Accrued Income Taxes, Current | $1.14亿2025-12-31 | $1.09亿 | +4.6% | $1.14亿 | $1.09亿 | +4.6% |
| Accrued Income Taxes, Noncurrent | $4700万2025-12-31 | $4200万 | +11.9% | $4700万 | $4200万 | +11.9% |
| Accrued Utilities, Current | $1.54亿2025-12-31 | $1.64亿 | -6.1% | $1.54亿 | $1.64亿 | -6.1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$13.9亿 | -$14.2亿 | +2.4% | -$13.6亿 | -$17.4亿 | +21.7% |
| Additional Paid in Capital, Common Stock | $222亿 | $215亿 | +3.3% | $216亿 | $209亿 | +3.6% |
| Amortization of Intangible Assets | – | – | – | $2亿 | $2.08亿 | -3.8% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 21.4万2026-03-31 | 7.1万 | +201.4% | 35.9万2024-12-31 | 6.8万 | +427.9% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.53亿 | $1.39亿 | +10.1% | $5.64亿 | $5.46亿 | +3.3% |
| Asset Impairment Charges | $600万 | $400万 | +50.0% | $6800万 | $2.33亿 | -70.8% |
| Asset Retirement Obligation | $2.28亿2025-12-31 | $1.09亿 | +109.2% | $2.28亿 | $1.09亿 | +109.2% |
| Asset Retirement Obligation, Accretion Expense | – | – | – | $700万 | $600万 | +16.7% |
| Asset Retirement Obligation, Current | $300万2025-12-31 | $100万 | +200.0% | $300万 | $100万 | +200.0% |
| Asset Retirement Obligation, Foreign Currency Translation Gain (Loss) | – | – | – | $400万 | -$400万 | +200.0% |
| Asset Retirement Obligations, Noncurrent | $2.25亿2025-12-31 | $1.08亿 | +108.3% | $2.25亿 | $1.08亿 | +108.3% |
| Assets | $444亿 | $381亿 | +16.8% | $401亿 | $351亿 | +14.4% |
| Assets, Current | $57.6亿 | $49.7亿 | +15.9% | $51.3亿 | $54.5亿 | -5.9% |
| Assets, Fair Value Disclosure | $33.3亿 | – | – | $34.7亿 | $39.1亿 | -11.4% |
| Business Combination, Acquisition Related Costs | $2000万 | $300万 | +566.7% | $1800万 | $5000万 | -64.0% |
| Capitalized Computer Software, Gross | $1.42亿2025-12-31 | $1.15亿 | +23.5% | $1.42亿 | $1.15亿 | +23.5% |
| Capitalized Contract Cost, Amortization | – | – | – | $1.19亿 | $1.22亿 | -2.5% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Capitalized Contract Cost, Net | $5.03亿2025-12-31 | $4.36亿 | +15.4% | $5.03亿 | $4.36亿 | +15.4% |
| Cash | $3.68亿2025-12-31 | $5.65亿 | -34.9% | $3.68亿 | $5.65亿 | -34.9% |
| Cash and Cash Equivalents, at Carrying Value | $23.6亿 | $20.8亿 | +13.7% | $17.3亿 | $30.8亿 | -43.9% |
| Cash, Cash Equivalents, and Short-term Investments | $32.3亿2025-12-31 | $36.1亿 | -10.6% | $32.3亿 | $36.1亿 | -10.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $24亿 | $21.7亿 | +10.8% | $18.2亿 | $30.8亿 | -40.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $13.8亿 | -$15.3亿 | +190.6% | -$12.6亿 | $9.86亿 | -227.6% |
| Common Stock, Capital Shares Reserved for Future Issuance | 796万2025-12-31 | 549万 | +45.0% | 796万 | 549万 | +45.0% |
| Common Stock, Dividends, Per Share, Cash Paid | $4.692025-12-31 | $4.26 | +10.1% | $18.76 | $17.04 | +10.1% |
| Common Stock, Dividends, Per Share, Declared | $5.16 | $4.69 | +10.0% | $18.76 | $17.04 | +10.1% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3亿 | 3亿 | 0.0% | 3亿 | 3亿 | 0.0% |
| Common Stock, Shares, Issued | 9900万 | 9830万 | +0.8% | 9830万 | 9740万 | +0.9% |
| Common Stock, Shares, Outstanding | 9900万 | 9820万 | +0.8% | 9820万 | 9730万 | +1.0% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $02026-03-31 | $0 | – | -$200万 | -$100万 | -100.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4.78亿 | $3.54亿 | +35.0% | $17.3亿 | $3.7亿 | +366.5% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.78亿 | $3.54亿 | +35.0% | $17.2亿 | $3.69亿 | +367.2% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $6900万 | $6100万 | +13.1% | $5600万 | $1.02亿 | -45.1% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $2.16亿 | $1.03亿 | +109.7% | $1.26亿 | $1.13亿 | +11.5% |
| Contract with Customer, Liability, Current | $1.65亿 | $1.28亿 | +28.9% | $1.33亿 | $1.23亿 | +8.1% |
| Contract with Customer, Liability, Noncurrent | $2.26亿 | $1.73亿 | +30.6% | $1.7亿 | $1.5亿 | +13.3% |
| Contract with Customer, Liability, Revenue Recognized | $2200万 | $2300万 | -4.3% | $1.01亿 | $8800万 | +14.8% |
| Cost of Revenue | $12.6亿 | $11.4亿 | +10.1% | $45.1亿 | $44.7亿 | +0.9% |
| Costs and Expenses | $19.7亿 | $18.4亿 | +7.0% | $73.7亿 | $74.2亿 | -0.7% |
| Cumulative Dividends | $137亿 | $117亿 | +17.1% | $122亿 | $103亿 | +18.0% |
| Current Federal Tax Expense (Benefit) | – | – | – | $600万 | -$100万 | +700.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $2.08亿 | $1.89亿 | +10.1% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.16亿 | $1.91亿 | +13.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $200万 | $300万 | -33.3% |
| Debt Issuance Costs, Net | $1.5亿2025-12-31 | $1.23亿 | +22.0% | $1.5亿 | $1.23亿 | +22.0% |
| Debt Issuance Costs, Noncurrent, Net | $200万2025-12-31 | $300万 | -33.3% | $200万 | $300万 | -33.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01