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Side-by-side financial comparison of Equinix (EQIX) and KOHLS Corp (KSS). Click either name above to swap in a different company.

KOHLS Corp is the larger business by last-quarter revenue ($3.6B vs $2.4B, roughly 1.5× Equinix). Equinix runs the higher net margin — 11.0% vs 0.2%, a 10.7% gap on every dollar of revenue. On growth, Equinix posted the faster year-over-year revenue change (8.8% vs -3.6%). Over the past eight quarters, Equinix's revenue compounded faster (5.9% CAGR vs -22.5%).

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.

Kohl's Corporation is an American department store retail chain. It currently has 1,174 locations, operating stores in every U.S. state except Hawaii. The company was founded by Polish immigrant Maxwell Kohl, who opened a corner grocery store in Milwaukee, Wisconsin, in 1927. It went on to become a successful chain in the local area, and in 1962 the company branched out by opening its first department store. British American Tobacco Company took a controlling interest in the company in 1972 w...

EQIX vs KSS — Head-to-Head

Bigger by revenue
KSS
KSS
1.5× larger
KSS
$3.6B
$2.4B
EQIX
Growing faster (revenue YoY)
EQIX
EQIX
+12.4% gap
EQIX
8.8%
-3.6%
KSS
Higher net margin
EQIX
EQIX
10.7% more per $
EQIX
11.0%
0.2%
KSS
Faster 2-yr revenue CAGR
EQIX
EQIX
Annualised
EQIX
5.9%
-22.5%
KSS

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
EQIX
EQIX
KSS
KSS
Revenue
$2.4B
$3.6B
Net Profit
$265.0M
$8.0M
Gross Margin
50.5%
42.4%
Operating Margin
17.4%
2.0%
Net Margin
11.0%
0.2%
Revenue YoY
8.8%
-3.6%
Net Profit YoY
-22.7%
-63.6%
EPS (diluted)
$2.70
$0.07

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
KSS
KSS
Q1 26
$2.4B
Q4 25
$2.4B
$3.6B
Q3 25
$2.3B
$3.5B
Q2 25
$2.3B
$3.2B
Q1 25
$2.2B
$5.4B
Q4 24
$2.3B
$3.7B
Q3 24
$2.2B
$3.7B
Q2 24
$2.2B
$3.4B
Net Profit
EQIX
EQIX
KSS
KSS
Q1 26
$265.0M
Q4 25
$265.0M
$8.0M
Q3 25
$374.0M
$153.0M
Q2 25
$368.0M
$-15.0M
Q1 25
$343.0M
$48.0M
Q4 24
$-14.0M
$22.0M
Q3 24
$297.0M
$66.0M
Q2 24
$301.0M
$-27.0M
Gross Margin
EQIX
EQIX
KSS
KSS
Q1 26
50.5%
Q4 25
50.5%
42.4%
Q3 25
50.7%
43.3%
Q2 25
52.0%
43.3%
Q1 25
51.3%
35.6%
Q4 24
47.1%
42.4%
Q3 24
50.1%
43.0%
Q2 24
49.9%
43.1%
Operating Margin
EQIX
EQIX
KSS
KSS
Q1 26
17.4%
Q4 25
17.4%
2.0%
Q3 25
20.5%
7.9%
Q2 25
21.9%
1.9%
Q1 25
20.6%
2.3%
Q4 24
4.6%
2.6%
Q3 24
19.3%
4.4%
Q2 24
20.2%
1.3%
Net Margin
EQIX
EQIX
KSS
KSS
Q1 26
11.0%
Q4 25
11.0%
0.2%
Q3 25
16.1%
4.3%
Q2 25
16.3%
-0.5%
Q1 25
15.4%
0.9%
Q4 24
-0.6%
0.6%
Q3 24
13.5%
1.8%
Q2 24
13.9%
-0.8%
EPS (diluted)
EQIX
EQIX
KSS
KSS
Q1 26
$2.70
Q4 25
$2.70
$0.07
Q3 25
$3.81
$1.35
Q2 25
$3.75
$-0.13
Q1 25
$3.50
$0.43
Q4 24
$-0.19
$0.20
Q3 24
$3.10
$0.59
Q2 24
$3.16
$-0.24

Balance Sheet & Financial Strength

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

Metric
EQIX
EQIX
KSS
KSS
Cash + ST InvestmentsLiquidity on hand
$3.2B
$144.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.2B
$3.9B
Total Assets
$40.1B
$14.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQIX
EQIX
KSS
KSS
Q1 26
$3.2B
Q4 25
$3.2B
$144.0M
Q3 25
$2.9B
$174.0M
Q2 25
$4.5B
$153.0M
Q1 25
$3.7B
$134.0M
Q4 24
$3.6B
$174.0M
Q3 24
$3.2B
$231.0M
Q2 24
$2.0B
$228.0M
Total Debt
EQIX
EQIX
KSS
KSS
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
KSS
KSS
Q1 26
$14.2B
Q4 25
$14.2B
$3.9B
Q3 25
$14.2B
$3.9B
Q2 25
$14.1B
$3.8B
Q1 25
$13.9B
$3.8B
Q4 24
$13.5B
$3.8B
Q3 24
$13.6B
$3.8B
Q2 24
$12.3B
$3.8B
Total Assets
EQIX
EQIX
KSS
KSS
Q1 26
$40.1B
Q4 25
$40.1B
$14.1B
Q3 25
$38.1B
$13.4B
Q2 25
$38.8B
$13.6B
Q1 25
$36.1B
$13.6B
Q4 24
$35.1B
$15.1B
Q3 24
$35.4B
$14.2B
Q2 24
$32.9B
$14.3B
Debt / Equity
EQIX
EQIX
KSS
KSS
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
KSS
KSS
Operating Cash FlowLast quarter
$124.0M
Free Cash FlowOCF − Capex
$16.0M
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
15.50×
TTM Free Cash FlowTrailing 4 quarters
$819.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQIX
EQIX
KSS
KSS
Q1 26
Q4 25
$1.1B
$124.0M
Q3 25
$1.0B
$598.0M
Q2 25
$944.0M
$-92.0M
Q1 25
$809.0M
$596.0M
Q4 24
$981.0M
$-195.0M
Q3 24
$758.0M
$254.0M
Q2 24
$912.0M
$-7.0M
Free Cash Flow
EQIX
EQIX
KSS
KSS
Q1 26
Q4 25
$-292.0M
$16.0M
Q3 25
$-122.0M
$508.0M
Q2 25
$-45.0M
$-202.0M
Q1 25
$59.0M
$497.0M
Q4 24
$-6.0M
$-323.0M
Q3 24
$34.0M
$141.0M
Q2 24
$264.0M
$-133.0M
FCF Margin
EQIX
EQIX
KSS
KSS
Q1 26
Q4 25
-12.1%
0.4%
Q3 25
-5.3%
14.3%
Q2 25
-2.0%
-6.2%
Q1 25
2.7%
9.2%
Q4 24
-0.3%
-8.7%
Q3 24
1.5%
3.8%
Q2 24
12.2%
-3.9%
Capex Intensity
EQIX
EQIX
KSS
KSS
Q1 26
Q4 25
59.3%
3.0%
Q3 25
49.1%
2.5%
Q2 25
43.8%
3.4%
Q1 25
33.7%
1.8%
Q4 24
43.7%
3.5%
Q3 24
32.9%
3.0%
Q2 24
30.0%
3.7%
Cash Conversion
EQIX
EQIX
KSS
KSS
Q1 26
Q4 25
4.32×
15.50×
Q3 25
2.71×
3.91×
Q2 25
2.57×
Q1 25
2.36×
12.42×
Q4 24
-8.86×
Q3 24
2.55×
3.85×
Q2 24
3.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQIX
EQIX

Segment breakdown not available.

KSS
KSS

Products$3.4B95%
Other$168.0M5%
Gift Card$17.0M0%

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