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Equinix（EQIX）与Republic Services（RSG）财务数据对比。点击上方公司名可切换其他公司
Republic Services的季度营收约是Equinix的1.7倍（$4.1B vs $2.4B），Republic Services净利率更高（13.2% vs 11.0%，领先2.2%），Equinix同比增速更快（8.8% vs 2.2%），过去两年Equinix的营收复合增速更高（5.9% 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）。
Republic Services是北美头部垃圾处理企业，业务涵盖非危险固体废物收集、转运、处置、资源回收及能源服务，是美国仅次于废物管理公司的第二大垃圾处理服务商，核心运营聚焦非危固废全流程管理、可回收物资源化利用及相关能源服务。
EQIX vs RSG — 直观对比
营收规模更大
RSG
是对方的1.7倍
$2.4B
营收增速更快
EQIX
高出6.6%
2.2%
净利率更高
RSG
高出2.2%
11.0%
两年增速更快
EQIX
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $4.1B |
| 净利润 | $265.0M | $544.7M |
| 毛利率 | 50.5% | 41.9% |
| 营业利润率 | 17.4% | 19.4% |
| 净利率 | 11.0% | 13.2% |
| 营收同比 | 8.8% | 2.2% |
| 净利润同比 | -22.7% | 6.3% |
| 每股收益（稀释后） | $2.70 | $1.76 |
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EQIXRSG
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $4.1B | ||
| Q3 25 | $2.3B | $4.2B | ||
| Q2 25 | $2.3B | $4.2B | ||
| Q1 25 | $2.2B | $4.0B | ||
| Q4 24 | $2.3B | $4.0B | ||
| Q3 24 | $2.2B | $4.1B | ||
| Q2 24 | $2.2B | $4.0B |
净利润EQIXRSG
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | $544.7M | ||
| Q3 25 | $374.0M | $549.7M | ||
| Q2 25 | $368.0M | $549.9M | ||
| Q1 25 | $343.0M | $495.0M | ||
| Q4 24 | $-14.0M | $512.2M | ||
| Q3 24 | $297.0M | $565.7M | ||
| Q2 24 | $301.0M | $511.5M |
毛利率EQIXRSG
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | 41.9% | ||
| Q3 25 | 50.7% | 41.5% | ||
| Q2 25 | 52.0% | 42.2% | ||
| Q1 25 | 51.3% | 42.3% | ||
| Q4 24 | 47.1% | 42.7% | ||
| Q3 24 | 50.1% | 41.9% | ||
| Q2 24 | 49.9% | 41.1% |
营业利润率EQIXRSG
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 19.4% | ||
| Q3 25 | 20.5% | 19.8% | ||
| Q2 25 | 21.9% | 20.3% | ||
| Q1 25 | 20.6% | 20.1% | ||
| Q4 24 | 4.6% | 19.9% | ||
| Q3 24 | 19.3% | 20.8% | ||
| Q2 24 | 20.2% | 20.1% |
净利率EQIXRSG
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | 13.2% | ||
| Q3 25 | 16.1% | 13.1% | ||
| Q2 25 | 16.3% | 13.0% | ||
| Q1 25 | 15.4% | 12.3% | ||
| Q4 24 | -0.6% | 12.7% | ||
| Q3 24 | 13.5% | 13.9% | ||
| Q2 24 | 13.9% | 12.6% |
每股收益（稀释后）EQIXRSG
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $1.76 | ||
| Q3 25 | $3.81 | $1.76 | ||
| Q2 25 | $3.75 | $1.75 | ||
| Q1 25 | $3.50 | $1.58 | ||
| Q4 24 | $-0.19 | $1.63 | ||
| Q3 24 | $3.10 | $1.80 | ||
| Q2 24 | $3.16 | $1.62 |
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 | $76.0M |
| 总债务越低越好 | — | $13.0B |
| 股东权益账面价值 | $14.2B | $12.0B |
| 总资产 | $40.1B | $34.4B |
| 负债/权益比越低杠杆越低 | — | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资EQIXRSG
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $76.0M | ||
| Q3 25 | $2.9B | $84.0M | ||
| Q2 25 | $4.5B | $122.0M | ||
| Q1 25 | $3.7B | $83.0M | ||
| Q4 24 | $3.6B | $74.0M | ||
| Q3 24 | $3.2B | $83.4M | ||
| Q2 24 | $2.0B | $490.6M |
总债务EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | $17.3B | $12.4B | ||
| Q2 25 | $18.1B | $12.5B | ||
| Q1 25 | $15.9B | $12.9B | ||
| Q4 24 | $15.3B | $11.9B | ||
| Q3 24 | $15.4B | $12.0B | ||
| Q2 24 | $14.5B | $11.5B |
股东权益EQIXRSG
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $12.0B | ||
| Q3 25 | $14.2B | $11.9B | ||
| Q2 25 | $14.1B | $12.1B | ||
| Q1 25 | $13.9B | $11.7B | ||
| Q4 24 | $13.5B | $11.4B | ||
| Q3 24 | $13.6B | $11.2B | ||
| Q2 24 | $12.3B | $11.0B |
总资产EQIXRSG
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $34.4B | ||
| Q3 25 | $38.1B | $33.8B | ||
| Q2 25 | $38.8B | $33.4B | ||
| Q1 25 | $36.1B | $33.1B | ||
| Q4 24 | $35.1B | $32.4B | ||
| Q3 24 | $35.4B | $31.8B | ||
| Q2 24 | $32.9B | $31.9B |
负债/权益比EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.08× | ||
| Q3 25 | 1.22× | 1.04× | ||
| Q2 25 | 1.28× | 1.04× | ||
| Q1 25 | 1.14× | 1.10× | ||
| Q4 24 | 1.13× | 1.04× | ||
| Q3 24 | 1.13× | 1.07× | ||
| Q2 24 | 1.18× | 1.05× |
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 | — | $981.0M |
| 自由现金流经营现金流 - 资本支出 | — | $404.0M |
| 自由现金流率自由现金流/营收 | — | 9.8% |
| 资本支出强度资本支出/营收 | — | 14.0% |
| 现金转化率经营现金流/净利润 | — | 1.80× |
| 过去12个月自由现金流最近4个季度 | — | $2.4B |
8季度趋势，按日历期对齐
经营现金流EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $981.0M | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $944.0M | $1.1B | ||
| Q1 25 | $809.0M | $1.0B | ||
| Q4 24 | $981.0M | $1.0B | ||
| Q3 24 | $758.0M | $1.0B | ||
| Q2 24 | $912.0M | $1.1B |
自由现金流EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $404.0M | ||
| Q3 25 | $-122.0M | $737.0M | ||
| Q2 25 | $-45.0M | $702.0M | ||
| Q1 25 | $59.0M | $566.0M | ||
| Q4 24 | $-6.0M | $524.4M | ||
| Q3 24 | $34.0M | $563.6M | ||
| Q2 24 | $264.0M | $696.0M |
自由现金流率EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 9.8% | ||
| Q3 25 | -5.3% | 17.5% | ||
| Q2 25 | -2.0% | 16.6% | ||
| Q1 25 | 2.7% | 14.1% | ||
| Q4 24 | -0.3% | 13.0% | ||
| Q3 24 | 1.5% | 13.8% | ||
| Q2 24 | 12.2% | 17.2% |
资本支出强度EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 14.0% | ||
| Q3 25 | 49.1% | 10.5% | ||
| Q2 25 | 43.8% | 9.6% | ||
| Q1 25 | 33.7% | 11.4% | ||
| Q4 24 | 43.7% | 12.3% | ||
| Q3 24 | 32.9% | 10.8% | ||
| Q2 24 | 30.0% | 10.0% |
现金转化率EQIXRSG
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | 1.80× | ||
| Q3 25 | 2.71× | 2.15× | ||
| Q2 25 | 2.57× | 2.02× | ||
| Q1 25 | 2.36× | 2.07× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | 2.55× | 1.77× | ||
| Q2 24 | 3.03× | 2.15× |
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
RSG
| Other | $1.1B | 26% |
| Landfill Service Line | $780.0M | 19% |
| Collection Service Line Residential | $761.0M | 18% |
| Transfer Service Line | $458.0M | 11% |
| Environmental Solutions Service Line | $435.0M | 11% |
| Group3Segment | $423.0M | 10% |
| Other Service Line Sale Of Recycled Commodities | $104.0M | 3% |
| Other Service Line Other Noncore | $94.0M | 2% |
| Collection Service Line Other | $18.0M | 0% |
