Equinix (EQIX) vs Prologis (PLD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Equinix (EQIX) has outperformed Prologis (PLD) over the past year, gaining 31.1% versus a gain of 9.8%. Over five years, EQIX leads with a +32.0% price change compared with -7.1% for PLD. Prologis is the larger company by market cap ($123.75 billion vs $101.81 billion), about 1.2 times the size.
On valuation, Prologis trades at a lower forward P/E (38.2x vs 55.7x for Equinix). Prologis offers the higher dividend yield (3.27% vs 1.91%). Prologis converts more of its revenue into profit, with a net margin of 37.9% versus 14.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EQIX | PLD |
|---|---|---|
| Share price | $1,031.77 | $127.30 |
| Market cap | $101.81B | $123.75B |
| 1-day change | -1.49% | -1.07% |
| YTD return | +34.67% | -0.28% |
| 1-year return | +31.09% | +9.77% |
| 5-year return | +32.04% | -7.07% |
| P/E ratio (TTM) | 66.39 | 28.29 |
| Forward P/E | 55.69 | 38.19 |
| EPS (TTM) | $15.54 | $4.50 |
| Dividend yield | 1.91% | 3.27% |
| Annual dividend | $19.70 | $4.16 |
| Revenue (latest FY) | $9.22B | $8.79B |
| Revenue growth (YoY) | +5.36% | +7.18% |
| Net income (latest FY) | $1.35B | $3.33B |
| Gross margin | 51.09% | — |
| Operating margin | 20.05% | 49.58% |
| Net margin | 14.65% | 37.86% |
| 52-week high | $1,128.68 | $153.35 |
| 52-week low | $720.62 | $111.03 |
| Distance from 52-week high | -8.59% | -16.99% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +19.62% | +24.30% |
| Average volume | 537.30K | 4.08M |
| Shares outstanding | 98.67M | 950.33M |
| Employees | 13,716 | 2,802 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- EQIX has outperformed PLD by 21.3 percentage points over the past year.
- Equinix trades at a higher earnings multiple (66.4x vs 28.3x trailing P/E).
- Prologis offers a meaningfully higher dividend yield (3.27% vs 1.91%).
- Prologis is more profitable, keeping 37.9 cents of every revenue dollar as net income versus 14.6 cents for Equinix.
About Equinix
EQIX stock →Equinix, Inc. shortens the path to boundless connectivity anywhere in the world.
Real Estate · Real Estate Investment Trusts · 13,716 employees
About Prologis
PLD stock →Prologis, Inc. don't just lead the industry, they define it.
Real Estate · Real Estate Investment Trusts · 2,802 employees
EQIX vs PLD FAQ
Which is bigger, Equinix or Prologis?
Prologis (PLD) is larger, with a market capitalization of $123.75B compared with $101.81B for Equinix (EQIX).
Which stock has performed better over the past year, EQIX or PLD?
EQIX returned +31.09% over the past 12 months, compared with +9.77% for PLD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EQIX or PLD?
PLD has the lower trailing P/E at 28.3, versus 66.4 for EQIX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Equinix or Prologis?
Prologis has the higher yield at 3.27%, compared with 1.91% for Equinix.
Are Equinix and Prologis in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.