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Side-by-side financial comparison of Equinix (EQIX) and Xylem Inc. (XYL). Click either name above to swap in a different company.

Equinix is the larger business by last-quarter revenue ($2.4B vs $2.1B, roughly 1.1× Xylem Inc.). Equinix runs the higher net margin — 11.0% vs 8.9%, a 2.1% gap on every dollar of revenue. On growth, Equinix posted the faster year-over-year revenue change (8.8% vs 2.7%). Over the past eight quarters, Equinix's revenue compounded faster (5.9% CAGR vs -1.0%).

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.

Xylem is one of the two types of transport tissue in vascular plants, the other being phloem; both of these are part of the vascular bundle. The basic function of the xylem is to transport water upward from the roots to parts of the plants such as stems and leaves, but it also transports nutrients. The word xylem is derived from the Ancient Greek word ξύλον (xúlon), meaning "wood"; the best-known xylem tissue is wood, though it is found throughout a plant.

EQIX vs XYL — Head-to-Head

Bigger by revenue
EQIX
EQIX
1.1× larger
EQIX
$2.4B
$2.1B
XYL
Growing faster (revenue YoY)
EQIX
EQIX
+6.1% gap
EQIX
8.8%
2.7%
XYL
Higher net margin
EQIX
EQIX
2.1% more per $
EQIX
11.0%
8.9%
XYL
Faster 2-yr revenue CAGR
EQIX
EQIX
Annualised
EQIX
5.9%
-1.0%
XYL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EQIX
EQIX
XYL
XYL
Revenue
$2.4B
$2.1B
Net Profit
$265.0M
$189.0M
Gross Margin
50.5%
37.8%
Operating Margin
17.4%
11.5%
Net Margin
11.0%
8.9%
Revenue YoY
8.8%
2.7%
Net Profit YoY
-22.7%
13.2%
EPS (diluted)
$2.70
$0.79

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
XYL
XYL
Q1 26
$2.4B
$2.1B
Q4 25
$2.4B
$2.4B
Q3 25
$2.3B
$2.3B
Q2 25
$2.3B
$2.3B
Q1 25
$2.2B
$2.1B
Q4 24
$2.3B
$2.3B
Q3 24
$2.2B
$2.1B
Q2 24
$2.2B
$2.2B
Net Profit
EQIX
EQIX
XYL
XYL
Q1 26
$265.0M
$189.0M
Q4 25
$265.0M
$335.0M
Q3 25
$374.0M
$227.0M
Q2 25
$368.0M
$226.0M
Q1 25
$343.0M
$169.0M
Q4 24
$-14.0M
$326.0M
Q3 24
$297.0M
$217.0M
Q2 24
$301.0M
$194.0M
Gross Margin
EQIX
EQIX
XYL
XYL
Q1 26
50.5%
37.8%
Q4 25
50.5%
38.9%
Q3 25
50.7%
38.9%
Q2 25
52.0%
38.8%
Q1 25
51.3%
37.1%
Q4 24
47.1%
38.0%
Q3 24
50.1%
37.3%
Q2 24
49.9%
37.8%
Operating Margin
EQIX
EQIX
XYL
XYL
Q1 26
17.4%
11.5%
Q4 25
17.4%
14.7%
Q3 25
20.5%
14.7%
Q2 25
21.9%
13.3%
Q1 25
20.6%
11.2%
Q4 24
4.6%
11.8%
Q3 24
19.3%
13.3%
Q2 24
20.2%
11.7%
Net Margin
EQIX
EQIX
XYL
XYL
Q1 26
11.0%
8.9%
Q4 25
11.0%
14.0%
Q3 25
16.1%
10.0%
Q2 25
16.3%
9.8%
Q1 25
15.4%
8.2%
Q4 24
-0.6%
14.5%
Q3 24
13.5%
10.3%
Q2 24
13.9%
8.9%
EPS (diluted)
EQIX
EQIX
XYL
XYL
Q1 26
$2.70
$0.79
Q4 25
$2.70
$1.37
Q3 25
$3.81
$0.93
Q2 25
$3.75
$0.93
Q1 25
$3.50
$0.69
Q4 24
$-0.19
$1.33
Q3 24
$3.10
$0.89
Q2 24
$3.16
$0.80

Balance Sheet & Financial Strength

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

Metric
EQIX
EQIX
XYL
XYL
Cash + ST InvestmentsLiquidity on hand
$3.2B
$808.0M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$14.2B
$11.0B
Total Assets
$40.1B
$17.0B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQIX
EQIX
XYL
XYL
Q1 26
$3.2B
$808.0M
Q4 25
$3.2B
$1.5B
Q3 25
$2.9B
$1.2B
Q2 25
$4.5B
$1.2B
Q1 25
$3.7B
$1.1B
Q4 24
$3.6B
$1.1B
Q3 24
$3.2B
$989.0M
Q2 24
$2.0B
$815.0M
Total Debt
EQIX
EQIX
XYL
XYL
Q1 26
$1.9B
Q4 25
$2.0B
Q3 25
$17.3B
$2.0B
Q2 25
$18.1B
$2.0B
Q1 25
$15.9B
$2.0B
Q4 24
$15.3B
$2.0B
Q3 24
$15.4B
Q2 24
$14.5B
Stockholders' Equity
EQIX
EQIX
XYL
XYL
Q1 26
$14.2B
$11.0B
Q4 25
$14.2B
$11.5B
Q3 25
$14.2B
$11.2B
Q2 25
$14.1B
$11.1B
Q1 25
$13.9B
$10.8B
Q4 24
$13.5B
$10.6B
Q3 24
$13.6B
$10.6B
Q2 24
$12.3B
$10.3B
Total Assets
EQIX
EQIX
XYL
XYL
Q1 26
$40.1B
$17.0B
Q4 25
$40.1B
$17.6B
Q3 25
$38.1B
$17.3B
Q2 25
$38.8B
$17.2B
Q1 25
$36.1B
$16.6B
Q4 24
$35.1B
$16.5B
Q3 24
$35.4B
$16.0B
Q2 24
$32.9B
$15.8B
Debt / Equity
EQIX
EQIX
XYL
XYL
Q1 26
0.18×
Q4 25
0.17×
Q3 25
1.22×
0.18×
Q2 25
1.28×
0.18×
Q1 25
1.14×
0.19×
Q4 24
1.13×
0.19×
Q3 24
1.13×
Q2 24
1.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQIX
EQIX

Segment breakdown not available.

XYL
XYL

Revenue from products$1.8B83%
Revenue from services$368.0M17%

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