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Side-by-side financial comparison of Equinix (EQIX) and Regions Financial Corporation (RF). Click either name above to swap in a different company.

Equinix is the larger business by last-quarter revenue ($2.4B vs $1.9B, roughly 1.3× Regions Financial Corporation). Regions Financial Corporation runs the higher net margin — 29.8% vs 0.0%, a 29.8% gap on every dollar of revenue. On growth, Equinix posted the faster year-over-year revenue change (9.0% vs 5.0%). Over the past eight quarters, Regions Financial Corporation's revenue compounded faster (25.7% CAGR vs 5.4%).

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.

Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, stock brokerage, and mortgage services. Its banking subsidiary, Regions Bank, operates about 2,000 automated teller machines and 1,300 branches in 15 states in the Southern and Midwestern United States.

EQIX vs RF — Head-to-Head

Bigger by revenue
EQIX
EQIX
1.3× larger
EQIX
$2.4B
$1.9B
RF
Growing faster (revenue YoY)
EQIX
EQIX
+4.0% gap
EQIX
9.0%
5.0%
RF
Higher net margin
RF
RF
29.8% more per $
RF
29.8%
0.0%
EQIX
Faster 2-yr revenue CAGR
RF
RF
Annualised
RF
25.7%
5.4%
EQIX

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
EQIX
EQIX
RF
RF
Revenue
$2.4B
$1.9B
Net Profit
$415.0K
$559.0M
Gross Margin
0.1%
Operating Margin
0.0%
Net Margin
0.0%
29.8%
Revenue YoY
9.0%
5.0%
Net Profit YoY
21.0%
EPS (diluted)
$0.00
$0.62

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
RF
RF
Q2 26
$2.4B
Q1 26
$2.4B
$1.9B
Q4 25
$2.4B
$1.3B
Q3 25
$2.3B
$1.3B
Q2 25
$2.3B
$1.3B
Q1 25
$2.2B
$1.2B
Q4 24
$2.3B
$1.2B
Q3 24
$2.2B
$1.2B
Net Profit
EQIX
EQIX
RF
RF
Q2 26
$415.0K
Q1 26
$265.0M
$559.0M
Q4 25
$265.0M
$534.0M
Q3 25
$374.0M
$569.0M
Q2 25
$368.0M
$563.0M
Q1 25
$343.0M
$490.0M
Q4 24
$-14.0M
$534.0M
Q3 24
$297.0M
$490.0M
Gross Margin
EQIX
EQIX
RF
RF
Q2 26
0.1%
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%
Operating Margin
EQIX
EQIX
RF
RF
Q2 26
0.0%
Q1 26
17.4%
Q4 25
17.4%
55.3%
Q3 25
20.5%
56.3%
Q2 25
21.9%
56.1%
Q1 25
20.6%
52.0%
Q4 24
4.6%
53.4%
Q3 24
19.3%
49.9%
Net Margin
EQIX
EQIX
RF
RF
Q2 26
0.0%
Q1 26
11.0%
29.8%
Q4 25
11.0%
41.7%
Q3 25
16.1%
45.3%
Q2 25
16.3%
44.7%
Q1 25
15.4%
41.0%
Q4 24
-0.6%
43.4%
Q3 24
13.5%
40.2%
EPS (diluted)
EQIX
EQIX
RF
RF
Q2 26
$0.00
Q1 26
$2.70
$0.62
Q4 25
$2.70
$0.59
Q3 25
$3.81
$0.61
Q2 25
$3.75
$0.59
Q1 25
$3.50
$0.51
Q4 24
$-0.19
$0.55
Q3 24
$3.10
$0.49

Balance Sheet & Financial Strength

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

Metric
EQIX
EQIX
RF
RF
Cash + ST InvestmentsLiquidity on hand
$3.1B
Total DebtLower is stronger
$6.3B
Stockholders' EquityBook value
$14.3B
$18.8B
Total Assets
$40.9B
$160.7B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQIX
EQIX
RF
RF
Q2 26
$3.1B
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$2.9B
Q2 25
$4.5B
Q1 25
$3.7B
Q4 24
$3.6B
Q3 24
$3.2B
Total Debt
EQIX
EQIX
RF
RF
Q2 26
Q1 26
$6.3B
Q4 25
$4.1B
Q3 25
$17.3B
$4.8B
Q2 25
$18.1B
$5.3B
Q1 25
$15.9B
$6.0B
Q4 24
$15.3B
$6.0B
Q3 24
$15.4B
$6.0B
Stockholders' Equity
EQIX
EQIX
RF
RF
Q2 26
$14.3B
Q1 26
$14.2B
$18.8B
Q4 25
$14.2B
$19.0B
Q3 25
$14.2B
$19.0B
Q2 25
$14.1B
$18.7B
Q1 25
$13.9B
$18.5B
Q4 24
$13.5B
$17.9B
Q3 24
$13.6B
$18.7B
Total Assets
EQIX
EQIX
RF
RF
Q2 26
$40.9B
Q1 26
$40.1B
$160.7B
Q4 25
$40.1B
$158.8B
Q3 25
$38.1B
$159.9B
Q2 25
$38.8B
$159.2B
Q1 25
$36.1B
$159.8B
Q4 24
$35.1B
$157.3B
Q3 24
$35.4B
$157.4B
Debt / Equity
EQIX
EQIX
RF
RF
Q2 26
Q1 26
0.34×
Q4 25
0.22×
Q3 25
1.22×
0.25×
Q2 25
1.28×
0.28×
Q1 25
1.14×
0.32×
Q4 24
1.13×
0.34×
Q3 24
1.13×
0.32×

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
RF
RF
Operating Cash FlowLast quarter
$717.0M
Free Cash FlowOCF − Capex
$-596.0M
FCF MarginFCF / Revenue
-24.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1727.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQIX
EQIX
RF
RF
Q2 26
$717.0M
Q1 26
Q4 25
$1.1B
$-319.0M
Q3 25
$1.0B
$861.0M
Q2 25
$944.0M
$573.0M
Q1 25
$809.0M
$1.1B
Q4 24
$981.0M
$-220.0M
Q3 24
$758.0M
$1.3B
Free Cash Flow
EQIX
EQIX
RF
RF
Q2 26
$-596.0M
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
FCF Margin
EQIX
EQIX
RF
RF
Q2 26
-24.4%
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%
Capex Intensity
EQIX
EQIX
RF
RF
Q2 26
0.0%
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%
Cash Conversion
EQIX
EQIX
RF
RF
Q2 26
1727.71×
Q1 26
Q4 25
4.32×
-0.60×
Q3 25
2.71×
1.51×
Q2 25
2.57×
1.02×
Q1 25
2.36×
2.18×
Q4 24
-0.41×
Q3 24
2.55×
2.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQIX
EQIX

Recurring revenues$1.0B43%
Colocation$731.0M30%
Other$314.0M13%
Interconnection$251.0M10%
Managed infrastructure$57.0M2%
Non-recurring revenues$45.0M2%

RF
RF

Segment breakdown not available.

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