EQUINIX INC (EQIX) closed fiscal year 2025 with a gross margin of 51.1 % and a net margin of 14.6 %.
EQUINIX INC (EQIX) closed fiscal year 2025 with a gross margin of 51.1 % and a net margin of 14.6 %. The same year shows an EBITDA margin of 42.5 % and an EBIT margin of 20.0 %. The free cash flow margin was -4.3 %. Against the previous year the gross margin moved +2.2 pp and the net margin +5.3 pp. Across the period the gross margin ranges between 41.1 % in 2008 and 52.6 % in 2015. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 41.14 % | 45.22 % | 45.48 % | 47.05 % | 49.95 % | 50.56 % | 50.98 % | 52.62 % | 49.59 % | 49.80 % | 48.63 % | 49.48 % | 48.75 % | 47.67 % | 48.35 % | 48.36 % | 48.94 % | 51.09 % |
| EBITDA margin (%) | 32.97 % | 40.18 % | 37.14 % | 41.11 % | 41.67 % | 41.43 % | 40.65 % | 40.22 % | 40.48 % | 42.07 % | 43.46 % | 44.14 % | 41.34 % | 41.73 % | 40.48 % | 40.14 % | 38.17 % | 42.47 % |
| EBIT margin (%) | 10.40 % | 20.52 % | 16.18 % | 19.54 % | 20.82 % | 21.41 % | 20.84 % | 20.81 % | 17.13 % | 18.52 % | 19.27 % | 21.03 % | 17.55 % | 16.70 % | 16.52 % | 17.62 % | 15.18 % | 20.05 % |
| Net margin (%) | 15.32 % | 7.87 % | 3.08 % | 6.05 % | 7.42 % | 4.40 % | -10.62 % | 6.89 % | 3.51 % | 5.33 % | 7.20 % | 9.12 % | 6.16 % | 7.54 % | 9.71 % | 11.83 % | 9.32 % | 14.65 % |
| FCF margin (%) | -25.47 % | -1.59 % | 31.60 % | 35.72 % | -24.72 % | 1.50 % | 1.20 % | 0.98 % | -2.60 % | 1.39 % | -5.54 % | -1.56 % | 0.46 % | -3.08 % | 9.43 % | 5.32 % | 2.09 % | -4.34 % |
