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Side-by-side financial comparison of Equinix (EQIX) and JONES LANG LASALLE INC (JLL). Click either name above to swap in a different company.

JONES LANG LASALLE INC is the larger business by last-quarter revenue ($7.6B vs $2.4B, roughly 3.1× Equinix). Equinix runs the higher net margin — 11.0% vs 5.3%, a 5.7% gap on every dollar of revenue. On growth, JONES LANG LASALLE INC posted the faster year-over-year revenue change (11.7% vs 8.8%). Over the past eight quarters, JONES LANG LASALLE INC's revenue compounded faster (21.9% CAGR vs 5.9%).

Equinix Inc. is an American multinational company headquartered in Redwood City, California. It specialized in internet connectivity and data center colocation centers, commonly known as carrier hotels until the company converted to a real estate investment trust (REIT) in January 2015.

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company headquartered in Chicago. The company has offices in 80 countries. It offers investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and venture capital investments through its PropTech fund, JLL Spark. The company is ranked 188 on the Fortune 500.

EQIX vs JLL — Head-to-Head

Bigger by revenue
JLL
JLL
3.1× larger
JLL
$7.6B
$2.4B
EQIX
Growing faster (revenue YoY)
JLL
JLL
+2.9% gap
JLL
11.7%
8.8%
EQIX
Higher net margin
EQIX
EQIX
5.7% more per $
EQIX
11.0%
5.3%
JLL
Faster 2-yr revenue CAGR
JLL
JLL
Annualised
JLL
21.9%
5.9%
EQIX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EQIX
EQIX
JLL
JLL
Revenue
$2.4B
$7.6B
Net Profit
$265.0M
$401.8M
Gross Margin
50.5%
Operating Margin
17.4%
6.7%
Net Margin
11.0%
5.3%
Revenue YoY
8.8%
11.7%
Net Profit YoY
-22.7%
66.6%
EPS (diluted)
$2.70
$8.33

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EQIX
EQIX
JLL
JLL
Q1 26
$2.4B
Q4 25
$2.4B
$7.6B
Q3 25
$2.3B
$6.5B
Q2 25
$2.3B
$6.3B
Q1 25
$2.2B
$5.7B
Q4 24
$2.3B
$6.8B
Q3 24
$2.2B
$5.9B
Q2 24
$2.2B
$5.6B
Net Profit
EQIX
EQIX
JLL
JLL
Q1 26
$265.0M
Q4 25
$265.0M
$401.8M
Q3 25
$374.0M
$222.4M
Q2 25
$368.0M
$110.5M
Q1 25
$343.0M
$57.5M
Q4 24
$-14.0M
$241.2M
Q3 24
$297.0M
$155.1M
Q2 24
$301.0M
$84.4M
Gross Margin
EQIX
EQIX
JLL
JLL
Q1 26
50.5%
Q4 25
50.5%
Q3 25
50.7%
Q2 25
52.0%
Q1 25
51.3%
Q4 24
47.1%
Q3 24
50.1%
Q2 24
49.9%
Operating Margin
EQIX
EQIX
JLL
JLL
Q1 26
17.4%
Q4 25
17.4%
6.7%
Q3 25
20.5%
4.2%
Q2 25
21.9%
3.2%
Q1 25
20.6%
2.1%
Q4 24
4.6%
5.5%
Q3 24
19.3%
3.9%
Q2 24
20.2%
2.7%
Net Margin
EQIX
EQIX
JLL
JLL
Q1 26
11.0%
Q4 25
11.0%
5.3%
Q3 25
16.1%
3.4%
Q2 25
16.3%
1.8%
Q1 25
15.4%
1.0%
Q4 24
-0.6%
3.5%
Q3 24
13.5%
2.6%
Q2 24
13.9%
1.5%
EPS (diluted)
EQIX
EQIX
JLL
JLL
Q1 26
$2.70
Q4 25
$2.70
$8.33
Q3 25
$3.81
$4.61
Q2 25
$3.75
$2.32
Q1 25
$3.50
$1.14
Q4 24
$-0.19
$4.98
Q3 24
$3.10
$3.20
Q2 24
$3.16
$1.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EQIX
EQIX
JLL
JLL
Cash + ST InvestmentsLiquidity on hand
$3.2B
$599.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.2B
$7.5B
Total Assets
$40.1B
$17.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQIX
EQIX
JLL
JLL
Q1 26
$3.2B
Q4 25
$3.2B
$599.1M
Q3 25
$2.9B
$428.9M
Q2 25
$4.5B
$401.4M
Q1 25
$3.7B
$432.4M
Q4 24
$3.6B
$416.3M
Q3 24
$3.2B
$437.8M
Q2 24
$2.0B
$424.4M
Total Debt
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
Q3 25
$17.3B
Q2 25
$18.1B
Q1 25
$15.9B
Q4 24
$15.3B
Q3 24
$15.4B
Q2 24
$14.5B
Stockholders' Equity
EQIX
EQIX
JLL
JLL
Q1 26
$14.2B
Q4 25
$14.2B
$7.5B
Q3 25
$14.2B
$7.2B
Q2 25
$14.1B
$7.0B
Q1 25
$13.9B
$6.8B
Q4 24
$13.5B
$6.8B
Q3 24
$13.6B
$6.6B
Q2 24
$12.3B
$6.4B
Total Assets
EQIX
EQIX
JLL
JLL
Q1 26
$40.1B
Q4 25
$40.1B
$17.8B
Q3 25
$38.1B
$17.2B
Q2 25
$38.8B
$17.3B
Q1 25
$36.1B
$16.6B
Q4 24
$35.1B
$16.8B
Q3 24
$35.4B
$17.8B
Q2 24
$32.9B
$15.9B
Debt / Equity
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
Q3 25
1.22×
Q2 25
1.28×
Q1 25
1.14×
Q4 24
1.13×
Q3 24
1.13×
Q2 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EQIX
EQIX
JLL
JLL
Operating Cash FlowLast quarter
$1.0B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
$1.1B
$1.0B
Q3 25
$1.0B
$617.1M
Q2 25
$944.0M
$332.8M
Q1 25
$809.0M
$-767.6M
Q4 24
$981.0M
$927.3M
Q3 24
$758.0M
$261.6M
Q2 24
$912.0M
$273.9M
Free Cash Flow
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
$-292.0M
Q3 25
$-122.0M
Q2 25
$-45.0M
Q1 25
$59.0M
Q4 24
$-6.0M
Q3 24
$34.0M
Q2 24
$264.0M
FCF Margin
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
-12.1%
Q3 25
-5.3%
Q2 25
-2.0%
Q1 25
2.7%
Q4 24
-0.3%
Q3 24
1.5%
Q2 24
12.2%
Capex Intensity
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
59.3%
Q3 25
49.1%
Q2 25
43.8%
Q1 25
33.7%
Q4 24
43.7%
Q3 24
32.9%
Q2 24
30.0%
Cash Conversion
EQIX
EQIX
JLL
JLL
Q1 26
Q4 25
4.32×
2.52×
Q3 25
2.71×
2.77×
Q2 25
2.57×
3.01×
Q1 25
2.36×
-13.35×
Q4 24
3.84×
Q3 24
2.55×
1.69×
Q2 24
3.03×
3.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EQIX
EQIX

Segment breakdown not available.

JLL
JLL

Workplace Management$3.8B50%
Project Management$1.1B15%
Leasing Advisory$1.0B13%
Leasing$964.9M13%
Property Management$480.2M6%
Portfolio Services And Other$152.1M2%
Advisory Fees$98.1M1%
Loan Servicing$42.2M1%
Transaction Fees Other$16.4M0%

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