Company / FCF Margin
Equinix FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
-4.3%
FY2025
5-year range
-4.3% / 9.4%
FY2021-FY2025
Trend
-307.7%
vs FY2024
Sector context
#32 of 38
Real Estate
What the data says
FCF Margin changed -308% YoY in FY2025, a notable deviation from the 9-year average annual change of -102%.
Based on SEC 10-K filings.
-4.3% in FY2025 with a 5-year CAGR of -4.8%.
Declined from 5.3% to -4.3% over the past 2 years.
Real Estate sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -13.8pp
- 5-Year Change
- -4.8pp
- 10-Year Change
- -
Sector benchmark
Bottom 16% in Real EstateTop 84% of 38This company -4.3% Sector average 24.0%
▼
-118.1% below sector average
Key checks
Key Insights
- Equinix's fcf margin has declined for 3 consecutive years.
- In FY2025, fcf margin decreased 307.7% year-over-year.
- Currently 28.3pp below the Real Estate sector average.
- Peak fcf margin was recorded in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.75 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -4.3% | -307.7% |
| FY2024 | 2.1% | -60.7% |
| FY2023 | 5.3% | -43.6% |
| FY2022 | 9.4% | +406.2% |
| FY2021 | -3.1% | -769.6% |
| FY2020 | 0.5% | +129.5% |
| FY2019 | -1.6% | +71.8% |
| FY2018 | -5.5% | -498.6% |
| FY2017 | 1.4% | +153.5% |
| FY2016 | -2.6% | -365.3% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026