Equinix
Equinix returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 6.21% | 5.95% | 13.38% | 10.77% | 3.84% | -1.5 pp |
| FY 2026 Q1 | Mar 31, 2026 | 5.91% | 5.69% | 9.37% | 10.09% | 3.69% | -1.8 pp |
| FY 2025 Q4 | Dec 31, 2025 | — | 5.44% | — | 9.75% | 3.59% | — |
| FY 2025 Q3 | Sep 30, 2025 | 4.92% | 4.63% | 1.13% | 7.72% | 2.91% | -2.8 pp |
| FY 2025 Q2 | Jun 30, 2025 | 4.81% | 4.6% | -1.25% | 7.54% | 2.77% | -2.9 pp |
| FY 2025 Q1 | Mar 31, 2025 | 4.71% | 4.6% | -1.03% | 7.08% | 2.73% | -3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 4.43% | 4.34% | -8.75% | 6.27% | 2.41% | -3.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 5.39% | 5.16% | 5.66% | 8.29% | 3.15% | -2.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 5.54% | 5.13% | 14.64% | 8.52% | 3.21% | -2.2 pp |
| FY 2024 Q1 | Mar 31, 2024 | 5.2% | 4.86% | 7.07% | 7.74% | 2.98% | -2.5 pp |
| FY 2023 Q4 | Dec 31, 2023 | 5.33% | 4.98% | 12.78% | 8.08% | 3.08% | -2.4 pp |
| FY 2023 Q3 | Sep 30, 2023 | 5.21% | 4.8% | 8.91% | 7.55% | 2.85% | -2.5 pp |
| FY 2023 Q2 | Jun 30, 2023 | 4.88% | 4.66% | 11.45% | 7.12% | 2.66% | -2.8 pp |
| FY 2023 Q1 | Mar 31, 2023 | 5.08% | 4.71% | 12.76% | 7.1% | 2.75% | -2.6 pp |
| FY 2022 Q4 | Dec 31, 2022 | 4.68% | 4.38% | 7.82% | 6.29% | 2.42% | -3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 4.72% | 4.36% | 29.44% | 6.43% | 2.45% | -3 pp |
| FY 2022 Q2 | Jun 30, 2022 | 4.35% | 4.16% | 4.63% | 6.01% | 2.24% | -3.3 pp |
| FY 2022 Q1 | Mar 31, 2022 | 4.29% | 4.15% | 8.08% | 4.57% | 1.78% | -3.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 4.47% | 4.32% | 11.01% | 4.65% | 1.82% | -3.2 pp |
| FY 2021 Q3 | Sep 30, 2021 | 4.39% | 4.47% | 0.24% | 4.05% | 1.58% | -3.3 pp |
| FY 2021 Q2 | Jun 30, 2021 | 4.52% | 4.36% | 1.15% | 3.26% | 1.23% | -3.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 4.26% | 4.65% | -2.06% | 4.23% | 1.6% | -3.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 4.08% | 4.5% | -4.44% | 3.8% | 1.45% | -3.6 pp |
| FY 2020 Q3 | Sep 30, 2020 | 4.87% | 5.21% | 1.65% | 4.59% | 1.8% | -2.8 pp |
| FY 2020 Q2 | Jun 30, 2020 | 4.85% | 5.05% | -2.15% | 5.2% | 1.97% | -2.8 pp |
| FY 2020 Q1 | Mar 31, 2020 | 4.98% | 5.37% | 0.92% | 5.95% | 2.21% | -2.7 pp |
| FY 2019 Q4 | Dec 31, 2019 | 5.06% | 5.77% | 3.68% | 6.32% | 2.3% | -2.6 pp |
| FY 2019 Q3 | Sep 30, 2019 | 5.04% | 5.66% | 10.51% | 6.19% | 2.28% | -2.7 pp |
| FY 2019 Q2 | Jun 30, 2019 | 5.33% | 5.59% | 13.7% | 6.33% | 2.31% | -2.4 pp |
| FY 2019 Q1 | Mar 31, 2019 | 5.41% | 5.22% | 6.83% | 5.4% | 1.98% | -2.3 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.42% | 5.4% | 6.45% | 5.19% | 1.88% | -2.3 pp |
| FY 2018 Q3 | Sep 30, 2018 | 5.19% | 5.22% | 4.58% | 4.68% | 1.66% | -2.5 pp |
| FY 2018 Q2 | Jun 30, 2018 | 5.15% | 5.13% | 7.93% | 4.1% | 1.47% | -2.5 pp |
| FY 2018 Q1 | Mar 31, 2018 | 5.94% | 4.98% | 3.96% | 3.72% | 1.37% | -1.8 pp |
| FY 2017 Q4 | Dec 31, 2017 | 5.76% | 5.57% | 4.3% | 4.15% | 1.49% | -1.9 pp |
| FY 2017 Q3 | Sep 30, 2017 | 5.69% | 5.3% | 5.29% | 4.11% | 1.46% | -2 pp |
| FY 2017 Q2 | Jun 30, 2017 | 4.67% | 5.03% | 2.72% | 3.58% | 1.31% | -3 pp |
| FY 2017 Q1 | Mar 31, 2017 | 5.2% | 4.8% | — | 3.53% | 1.3% | -2.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 6.03% | 6.1% | -1.96% | 3.57% | 1.1% | -1.7 pp |
| FY 2016 Q3 | Sep 30, 2016 | 6% | 6.39% | — | 2.48% | 0.73% | -1.7 pp |
| FY 2016 Q2 | Jun 30, 2016 | 5.83% | 5.78% | — | 1.9% | 0.62% | -1.9 pp |
| FY 2016 Q1 | Mar 31, 2016 | 6.52% | 5.57% | — | 2.3% | 0.76% | -1.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 9.24% | 7.15% | — | 7.49% | 2.07% | 1.5 pp |
| FY 2015 Q3 | Sep 30, 2015 | — | 8.58% | — | -8.71% | -2.35% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 7.86% | — | -7.22% | -2.28% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 7.59% | — | -9.6% | -2.9% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 7.21% | — | -10.98% | -3.39% | — |
| FY 2014 Q3 | Sep 30, 2014 | 7.5% | 7.45% | — | 5.57% | 1.9% | -0.2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 8.16% | 7.18% | 97.34% | 5.62% | 1.91% | 0.5 pp |
| FY 2014 Q1 | Mar 31, 2014 | — | 7.03% | — | 4.13% | 1.31% | — |
| FY 2013 Q4 | Dec 31, 2013 | 7.89% | 7.35% | 12.79% | 3.95% | 1.39% | 0.2 pp |
| FY 2013 Q3 | Sep 30, 2013 | 6.63% | 7.19% | 8.48% | 4.03% | 1.41% | -1.1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 6.54% | 7.15% | 3.35% | 3.7% | 1.26% | -1.2 pp |
| FY 2013 Q1 | Mar 31, 2013 | 5.86% | 7.11% | 2.91% | 6.63% | 2.16% | -1.8 pp |
| FY 2012 Q4 | Dec 31, 2012 | 6.17% | 7.52% | 35.5% | 6.75% | 2.43% | -1.5 pp |
| FY 2012 Q3 | Sep 30, 2012 | 5.81% | 7.32% | 24.8% | 5.52% | 2.01% | -1.9 pp |
| FY 2012 Q2 | Jun 30, 2012 | 6.65% | 7.61% | 32.31% | 5.28% | 2.04% | -1.1 pp |
| FY 2012 Q1 | Mar 31, 2012 | — | 7.11% | — | 5.11% | 1.96% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 6.68% | — | 4.31% | 1.84% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 6.03% | — | 4.64% | 1.76% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 6.07% | — | 4.24% | 1.75% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · EQIX, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.