EQIX vs IRM
Equinix and Iron Mountain, both Real Estate
Equinix is the larger company at $108B against $38B. On trailing earnings EQIX is the cheaper of the two at a P/E of 66.1 against 81.8, a gap that is only a bargain if the two are growing at similar rates. Over the past year EQIX returned +33% against +19% for IRM.
| Figure | EQIX | IRM |
|---|---|---|
| Last close | $1026 | $115 |
| Market cap | $108B | $38B |
| Trailing P/Elower is cheaper for the same earnings, not automatically better | 66.1 | 81.8 |
| Dividend yield | 1.9% | 2.9% |
| 1-year return | +33% | +19% |
| 5-year return | +34% | +195% |
Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.
Equinix
Revenue of $2.6B in Q2 2026, net income $479M. Its largest reported line is Recurring, 46% of the disclosed total.
Iron Mountain
Revenue of $2.0B in Q2 2026, net income $106M. Its largest reported line is Storage Rental, 49% of the disclosed total.
Open these two in the interactive comparison to add more names, change the period or see the correlation.