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Equinix（EQIX）与MARKEL GROUP INC.（MKL）财务数据对比。点击上方公司名可切换其他公司
MARKEL GROUP INC.的季度营收约是Equinix的1.5倍（$3.6B vs $2.4B），MARKEL GROUP INC.净利率更高（16.1% vs 11.0%，领先5.2%），Equinix同比增速更快（8.8% vs -6.9%），过去两年Equinix的营收复合增速更高（5.9% vs -10.5%）
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）。
Markel集团是总部位于美国弗吉尼亚州里士满的综合性企业集团，1930年最初以保险公司的身份创立，发展至今业务已覆盖保险承保、投资管理等多个板块，在全球相关行业拥有较高的市场知名度与稳定的合作网络。
EQIX vs MKL — 直观对比
营收规模更大
MKL
是对方的1.5倍
$2.4B
营收增速更快
EQIX
高出15.6%
-6.9%
净利率更高
MKL
高出5.2%
11.0%
两年增速更快
EQIX
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $3.6B |
| 净利润 | $265.0M | $576.8M |
| 毛利率 | 50.5% | — |
| 营业利润率 | 17.4% | 22.2% |
| 净利率 | 11.0% | 16.1% |
| 营收同比 | 8.8% | -6.9% |
| 净利润同比 | -22.7% | 5.0% |
| 每股收益（稀释后） | $2.70 | $48.22 |
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EQIXMKL
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $3.6B | ||
| Q3 25 | $2.3B | $3.9B | ||
| Q2 25 | $2.3B | $4.6B | ||
| Q1 25 | $2.2B | $3.4B | ||
| Q4 24 | $2.3B | $3.8B | ||
| Q3 24 | $2.2B | $4.6B | ||
| Q2 24 | $2.2B | $3.7B |
净利润EQIXMKL
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $576.8M | ||
| Q3 25 | $374.0M | $751.3M | ||
| Q2 25 | $368.0M | $657.1M | ||
| Q1 25 | $343.0M | $121.7M | ||
| Q4 24 | $-14.0M | $549.2M | ||
| Q3 24 | $297.0M | $905.0M | ||
| Q2 24 | $301.0M | $267.7M |
毛利率EQIXMKL
| 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% | — |
营业利润率EQIXMKL
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 22.2% | ||
| Q3 25 | 20.5% | 25.7% | ||
| Q2 25 | 21.9% | 24.1% | ||
| Q1 25 | 20.6% | 8.3% | ||
| Q4 24 | 4.6% | 15.5% | ||
| Q3 24 | 19.3% | 29.7% | ||
| Q2 24 | 20.2% | 11.1% |
净利率EQIXMKL
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | 16.1% | ||
| Q3 25 | 16.1% | 19.1% | ||
| Q2 25 | 16.3% | 14.3% | ||
| Q1 25 | 15.4% | 3.6% | ||
| Q4 24 | -0.6% | 14.3% | ||
| Q3 24 | 13.5% | 19.6% | ||
| Q2 24 | 13.9% | 7.2% |
每股收益（稀释后）EQIXMKL
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $48.22 | ||
| Q3 25 | $3.81 | $59.25 | ||
| Q2 25 | $3.75 | $49.67 | ||
| Q1 25 | $3.50 | $12.08 | ||
| Q4 24 | $-0.19 | $39.02 | ||
| Q3 24 | $3.10 | $66.25 | ||
| Q2 24 | $3.16 | $18.62 |
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 | $3.2B | $4.0B |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $14.2B | $18.6B |
| 总资产 | $40.1B | $68.9B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资EQIXMKL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $4.0B | ||
| Q3 25 | $2.9B | $4.0B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $3.7B | $4.2B | ||
| Q4 24 | $3.6B | $3.7B | ||
| Q3 24 | $3.2B | $3.9B | ||
| Q2 24 | $2.0B | $3.5B |
总债务EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $17.3B | $4.3B | ||
| Q2 25 | $18.1B | $4.4B | ||
| Q1 25 | $15.9B | $4.4B | ||
| Q4 24 | $15.3B | $4.3B | ||
| Q3 24 | $15.4B | $4.4B | ||
| Q2 24 | $14.5B | $4.4B |
股东权益EQIXMKL
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $18.6B | ||
| Q3 25 | $14.2B | $18.0B | ||
| Q2 25 | $14.1B | $17.3B | ||
| Q1 25 | $13.9B | $17.1B | ||
| Q4 24 | $13.5B | $16.9B | ||
| Q3 24 | $13.6B | $17.0B | ||
| Q2 24 | $12.3B | $15.9B |
总资产EQIXMKL
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $68.9B | ||
| Q3 25 | $38.1B | $67.4B | ||
| Q2 25 | $38.8B | $66.8B | ||
| Q1 25 | $36.1B | $64.6B | ||
| Q4 24 | $35.1B | $61.9B | ||
| Q3 24 | $35.4B | $62.3B | ||
| Q2 24 | $32.9B | $59.7B |
负债/权益比EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | 1.22× | 0.24× | ||
| Q2 25 | 1.28× | 0.25× | ||
| Q1 25 | 1.14× | 0.26× | ||
| Q4 24 | 1.13× | 0.26× | ||
| Q3 24 | 1.13× | 0.26× | ||
| Q2 24 | 1.18× | 0.28× |
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 | — | $662.2M |
| 自由现金流经营现金流 - 资本支出 | — | $599.1M |
| 自由现金流率自由现金流/营收 | — | 16.7% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $662.2M | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $944.0M | $504.4M | ||
| Q1 25 | $809.0M | $376.2M | ||
| Q4 24 | $981.0M | $493.9M | ||
| Q3 24 | $758.0M | $890.8M | ||
| Q2 24 | $912.0M | $578.6M |
自由现金流EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $599.1M | ||
| Q3 25 | $-122.0M | $1.2B | ||
| Q2 25 | $-45.0M | $453.8M | ||
| Q1 25 | $59.0M | $335.5M | ||
| Q4 24 | $-6.0M | $420.0M | ||
| Q3 24 | $34.0M | $838.9M | ||
| Q2 24 | $264.0M | $521.4M |
自由现金流率EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 16.7% | ||
| Q3 25 | -5.3% | 29.6% | ||
| Q2 25 | -2.0% | 9.9% | ||
| Q1 25 | 2.7% | 9.9% | ||
| Q4 24 | -0.3% | 10.9% | ||
| Q3 24 | 1.5% | 18.2% | ||
| Q2 24 | 12.2% | 14.1% |
资本支出强度EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 1.8% | ||
| Q3 25 | 49.1% | 1.3% | ||
| Q2 25 | 43.8% | 1.1% | ||
| Q1 25 | 33.7% | 1.2% | ||
| Q4 24 | 43.7% | 1.9% | ||
| Q3 24 | 32.9% | 1.1% | ||
| Q2 24 | 30.0% | 1.5% |
现金转化率EQIXMKL
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | 1.15× | ||
| Q3 25 | 2.71× | 1.62× | ||
| Q2 25 | 2.57× | 0.77× | ||
| Q1 25 | 2.36× | 3.09× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 2.55× | 0.98× | ||
| Q2 24 | 3.03× | 2.16× |
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
暂无分部数据
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
