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Equinix（EQIX）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Equinix的季度营收约是Masco的1.4倍（$2.4B vs $1.8B），Masco净利率更高（9.2% vs 0.0%，领先9.2%），Equinix同比增速更快（9.0% vs -1.9%），Masco自由现金流更多（$371.0M vs $-596.0M），过去两年Equinix的营收复合增速更高（5.4% vs -3.5%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
EQIX vs MAS — 直观对比
营收规模更大
EQIX
是对方的1.4倍
$1.8B
营收增速更快
EQIX
高出10.9%
-1.9%
净利率更高
MAS
高出9.2%
0.0%
自由现金流更多
MAS
多$967.0M
$-596.0M
两年增速更快
EQIX
近两年复合增速
-3.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.8B |
| 净利润 | $415.0K | $165.0M |
| 毛利率 | 0.1% | 33.9% |
| 营业利润率 | 0.0% | 13.8% |
| 净利率 | 0.0% | 9.2% |
| 营收同比 | 9.0% | -1.9% |
| 净利润同比 | 21.0% | -9.3% |
| 每股收益（稀释后） | $0.00 | $0.81 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收EQIXMAS
| Q2 26 | $2.4B | — | ||
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.8B | ||
| Q3 25 | $2.3B | $1.9B | ||
| Q2 25 | $2.3B | $2.1B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.2B | $2.0B |
净利润EQIXMAS
| Q2 26 | $415.0K | — | ||
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $165.0M | ||
| Q3 25 | $374.0M | $189.0M | ||
| Q2 25 | $368.0M | $270.0M | ||
| Q1 25 | $343.0M | $186.0M | ||
| Q4 24 | $-14.0M | $182.0M | ||
| Q3 24 | $297.0M | $167.0M |
毛利率EQIXMAS
| Q2 26 | 0.1% | — | ||
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 33.9% | ||
| Q3 25 | 50.7% | 34.2% | ||
| Q2 25 | 52.0% | 37.6% | ||
| Q1 25 | 51.3% | 35.8% | ||
| Q4 24 | 47.1% | 34.8% | ||
| Q3 24 | 50.1% | 36.6% |
营业利润率EQIXMAS
| Q2 26 | 0.0% | — | ||
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 13.8% | ||
| Q3 25 | 20.5% | 15.8% | ||
| Q2 25 | 21.9% | 20.1% | ||
| Q1 25 | 20.6% | 15.9% | ||
| Q4 24 | 4.6% | 15.9% | ||
| Q3 24 | 19.3% | 18.0% |
净利率EQIXMAS
| Q2 26 | 0.0% | — | ||
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | 9.2% | ||
| Q3 25 | 16.1% | 9.9% | ||
| Q2 25 | 16.3% | 13.2% | ||
| Q1 25 | 15.4% | 10.3% | ||
| Q4 24 | -0.6% | 10.0% | ||
| Q3 24 | 13.5% | 8.4% |
每股收益（稀释后）EQIXMAS
| Q2 26 | $0.00 | — | ||
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $0.81 | ||
| Q3 25 | $3.81 | $0.90 | ||
| Q2 25 | $3.75 | $1.28 | ||
| Q1 25 | $3.50 | $0.87 | ||
| Q4 24 | $-0.19 | $0.85 | ||
| Q3 24 | $3.10 | $0.77 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.1B | $647.0M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $14.3B | $-185.0M |
| 总资产 | $40.9B | $5.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EQIXMAS
| Q2 26 | $3.1B | — | ||
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $647.0M | ||
| Q3 25 | $2.9B | $559.0M | ||
| Q2 25 | $4.5B | $390.0M | ||
| Q1 25 | $3.7B | $377.0M | ||
| Q4 24 | $3.6B | $634.0M | ||
| Q3 24 | $3.2B | $646.0M |
总债务EQIXMAS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.1B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.3B | $2.9B | ||
| Q3 24 | $15.4B | — |
股东权益EQIXMAS
| Q2 26 | $14.3B | — | ||
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $-185.0M | ||
| Q3 25 | $14.2B | $-78.0M | ||
| Q2 25 | $14.1B | $-84.0M | ||
| Q1 25 | $13.9B | $-254.0M | ||
| Q4 24 | $13.5B | $-279.0M | ||
| Q3 24 | $13.6B | $-88.0M |
总资产EQIXMAS
| Q2 26 | $40.9B | — | ||
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $5.2B | ||
| Q3 25 | $38.1B | $5.3B | ||
| Q2 25 | $38.8B | $5.3B | ||
| Q1 25 | $36.1B | $5.1B | ||
| Q4 24 | $35.1B | $5.0B | ||
| Q3 24 | $35.4B | $5.3B |
负债/权益比EQIXMAS
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.13× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $717.0M | $418.0M |
| 自由现金流经营现金流 - 资本支出 | $-596.0M | $371.0M |
| 自由现金流率自由现金流/营收 | -24.4% | 20.7% |
| 资本支出强度资本支出/营收 | 0.0% | 2.6% |
| 现金转化率经营现金流/净利润 | 1727.71× | 2.53× |
| 过去12个月自由现金流最近4个季度 | — | $866.0M |
8季度趋势，按日历期对齐
经营现金流EQIXMAS
| Q2 26 | $717.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $418.0M | ||
| Q3 25 | $1.0B | $456.0M | ||
| Q2 25 | $944.0M | $306.0M | ||
| Q1 25 | $809.0M | $-158.0M | ||
| Q4 24 | $981.0M | $407.0M | ||
| Q3 24 | $758.0M | $416.0M |
自由现金流EQIXMAS
| Q2 26 | $-596.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $371.0M | ||
| Q3 25 | $-122.0M | $415.0M | ||
| Q2 25 | $-45.0M | $270.0M | ||
| Q1 25 | $59.0M | $-190.0M | ||
| Q4 24 | $-6.0M | $351.0M | ||
| Q3 24 | $34.0M | $378.0M |
自由现金流率EQIXMAS
| Q2 26 | -24.4% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 20.7% | ||
| Q3 25 | -5.3% | 21.6% | ||
| Q2 25 | -2.0% | 13.2% | ||
| Q1 25 | 2.7% | -10.5% | ||
| Q4 24 | -0.3% | 19.2% | ||
| Q3 24 | 1.5% | 19.1% |
资本支出强度EQIXMAS
| Q2 26 | 0.0% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 2.6% | ||
| Q3 25 | 49.1% | 2.1% | ||
| Q2 25 | 43.8% | 1.8% | ||
| Q1 25 | 33.7% | 1.8% | ||
| Q4 24 | 43.7% | 3.1% | ||
| Q3 24 | 32.9% | 1.9% |
现金转化率EQIXMAS
| Q2 26 | 1727.71× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | 2.53× | ||
| Q3 25 | 2.71× | 2.41× | ||
| Q2 25 | 2.57× | 1.13× | ||
| Q1 25 | 2.36× | -0.85× | ||
| Q4 24 | — | 2.24× | ||
| Q3 24 | 2.55× | 2.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EQIX
| Recurring revenues | $1.0B | 43% |
| Colocation | $731.0M | 30% |
| Other | $314.0M | 13% |
| Interconnection | $251.0M | 10% |
| Managed infrastructure | $57.0M | 2% |
| Non-recurring revenues | $45.0M | 2% |
MAS
| Plumbing Products | $844.0M | 47% |
| Decorative Architectural Products | $545.0M | 30% |
| Other | $404.0M | 23% |
