Equinix, Inc. (EQIX) vs Iron Mountain Incorporated (IRM)
IRM leads on 7 of 13 compared metrics, though EQIX is the cheaper stock.
A side-by-side comparison of Equinix, Inc. and Iron Mountain Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
EQIX
Equinix, Inc.
$1017.31Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
IRM
Iron Mountain Incorporated
$124.23Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
Total return — EQIX vs IRM
growth of $100 · dividends reinvested · last 26yEQIX +216.3%IRM +2632.0%IRM compounded faster
Log scale — wide-divergence pair
EQIX IRM
EQIX vs IRM: by the numbers
- •EQIX is the larger company ($100.33B vs $36.96B market cap).
- •EQIX trades at the lower earnings multiple (70.40 vs 136.07 P/E).
- •EQIX converts more revenue to profit (15.03% vs 3.76% net margin).
- •IRM grew revenue faster over the past five years (11.73% vs 8.99% CAGR).
- •IRM pays the higher dividend yield (2.73% vs 1.94%).
Which is better, EQIX or IRM?
Metric tally: EQIX 6 · IRM 7It depends on what you're optimizing for:
ValueEQIX(lower P/E)
GrowthIRM(faster 5Y revenue CAGR)
IncomeIRM(higher dividend yield)
QualityIRM(higher ROIC)
Metrics side by side
Valuation
| Metric | EQIX | IRM |
|---|---|---|
| P/E ratio | 70.40● | 136.07 |
| Forward P/E | 58.99 | 52.17● |
| P/S ratio | 10.62 | 5.11● |
| P/B ratio | 7.02 | — |
| PEG ratio | 0.90 | — |
| EV / EBITDA | 29.86 | 24.22● |
Profitability
| Metric | EQIX | IRM |
|---|---|---|
| Gross margin | 51.26%● | 25.69% |
| Operating margin | 20.80%● | 18.01% |
| Net margin | 15.03%● | 3.76% |
| ROE | 9.95%● | -14.74% |
| ROIC | 4.86% | 5.72%● |
Dividends
| Metric | EQIX | IRM |
|---|---|---|
| Dividend yield | 1.94% | 2.73%● |
| Payout ratio | 142.86% | 689.18% |
Growth (annualized)
| Metric | EQIX | IRM |
|---|---|---|
| Revenue CAGR (5Y) | 8.99% | 11.73%● |
| EPS CAGR (5Y) | 26.73%● | -16.26% |
| Total return CAGR (5Y) | 6.15% | 28.03%● |
Frequently asked
- Which is better, EQIX or IRM?
- It depends on your goal. value: EQIX (lower P/E); growth: IRM (faster 5Y revenue CAGR); income: IRM (higher dividend yield); quality: IRM (higher ROIC). Across all compared metrics, IRM leads 7 to 6.
- Is EQIX or IRM cheaper?
- On trailing earnings, EQIX is cheaper: EQIX trades at a 70.40 P/E and IRM at 136.07.
- Which has grown faster, EQIX or IRM?
- Over the past five years, IRM grew revenue faster — EQIX at a 8.99% CAGR versus IRM at 11.73%.
- Does EQIX or IRM pay a bigger dividend?
- EQIX yields 1.94% and IRM yields 2.73% based on trailing dividends and the latest price.
- Is EQIX or IRM more profitable?
- EQIX runs the higher net margin — EQIX at 15.03% versus IRM at 3.76%.
- Which has been the better investment, EQIX or IRM?
- Over the past 10-year, IRM delivered the higher annualized total return — EQIX at 12.51% versus IRM at 18.17%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Equinix P/E ratioIron Mountain P/E ratioEquinix dividend yieldIron Mountain dividend yieldEquinix ROEIron Mountain ROEEquinix operating marginIron Mountain operating marginEquinix revenue growthIron Mountain revenue growthEquinix free cash flowIron Mountain free cash flow
Equinix & Iron Mountain appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 20, 2026.