EQIX vs AMT Stock Comparison: AI Score, Valuation, Performance and Upside
EQIX and AMT are both digital infrastructure REITs with different moats. Equinix's advantage is interconnection: once many networks and clouds meet inside its facilities, each new tenant wants to be there too, and cross-connects generate high-margin revenue. American Tower's advantage is contractual: long leases with annual escalators on assets carriers cannot easily replace.
Use this EQIX vs AMT comparison to weigh a network effect against a contractual annuity. Equinix must keep spending capital to add capacity, but its interconnection density compounds in value. American Tower spends far less to grow revenue, yet its growth is bounded by carrier investment decisions it does not control.
AMT holds the edge across 3 of 5 key metrics in this comparison. EQIX has delivered stronger 1-year price return (+27.64% vs -12.39%), though AMT has the better forward P/E setup (25.37x vs 55.87x for EQIX). On fundamentals, EQIX is growing revenue faster (16.70%), while AMT maintains the higher operating margin (45.41%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for AMT (+21.28%) than for EQIX (+18.21%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to interconnection network effects rather than raw data center space
- Value high-margin cross-connect revenue and enterprise stickiness
- Believe cloud and AI connectivity demand keeps growing in business hubs
- Accept heavy capital spending and power constraints as limits on growth
- Want predictable escalator-driven revenue from essential infrastructure
- Value high incremental margins on existing towers
- Prefer lower capital intensity than data center development
- Accept dependence on carrier spending and sensitivity to debt costs
| Metric | EQIX | AMT |
|---|---|---|
| AI scorei | 52.3 | 40.0 |
| AI ranki | #355 | #1095 |
| Latest closei | $1,008.08 | $169.03 |
| 1M returni | -6.63% | -3.81% |
| 6M returni | +4.68% | -0.29% |
| 1Y returni | +27.64% | -12.39% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | EQIX | AMT |
|---|---|---|
| 1Y ago | $12.88K (+28.8%) started 2025-09-25 | $8.73K (-12.7%) started 2025-09-25 |
| 5Y ago | $14.3K (+43.0%) started 2021-09-27 | $7.7K (-23.0%) started 2021-09-27 |
| 10Y ago | $38.84K (+288.4%) started 2016-09-26 | $23.3K (+133.0%) started 2016-09-26 |
Hypothetical — past performance does not guarantee future results.
| Metric | EQIX | AMT |
|---|---|---|
| Market capi | $103.05B | $82.87B |
| Trailing P/Ei | 67.12 | 24.46 |
| Forward P/Ei | 55.87 | 25.37 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 12.67 | 12.12 |
| Analyst targeti | $1,234.55 | $215.70 |
| Target upsidei | +18.21% | +21.28% |
| Metric | EQIX | AMT |
|---|---|---|
| Revenue growthi | 16.70% | 4.70% |
| Earnings growthi | 28.80% | 138.50% |
| EPS growthi | +28.80% | +138.50% |
| FCF margini | +38.13% | +26.69% |
| Operating margini | 27.02% | 45.41% |
| Profit margini | 15.48% | 31.08% |
| ROIC proxyi | 10.73% | 33.91% |
| Return on equityi | 10.73% | 33.91% |
| Dividend yieldi | 1.98% | 3.92% |
| Payout ratioi | 126.77% | 96.01% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 0.97 | 0.90 |
| Debt/equityi | 162.22 | 438.72 |
| Current ratioi | 1.13 | 0.35 |
| Quick ratioi | 0.61 | 0.30 |
Over the past year, EQIX and AMT have moved weakly in the same direction (correlation of 0.25), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | EQIX | AMT |
|---|---|---|---|
| 1Y | Growthi | +28.77% | -12.74% |
| CAGRi | +28.81% | -12.76% | |
| Volatilityi | 25.17% | 26.29% | |
| Sharpe ratioi | 0.95 | -0.56 | |
| Sortino ratioi | 1.56 | -0.77 | |
| Max drawdowni | 14.17% | 16.67% | |
| Current drawdowni | 9.67% | 13.12% | |
| Avg drawdowni | 4.59% | 8.12% | |
| Ulcer Indexi | 5.91% | 8.93% | |
| Max daily dropi | 3.94% | 4.10% | |
| Max wkly dropi | 8.47% | 8.81% | |
| 5Y | Growthi | +33.48% | -31.45% |
| CAGRi | +5.95% | -7.28% | |
| Volatilityi | 27.83% | 26.98% | |
| Sharpe ratioi | 0.19 | -0.31 | |
| Sortino ratioi | 0.27 | -0.44 | |
| Max drawdowni | 39.44% | 43.81% | |
| Current drawdowni | 9.67% | 36.08% | |
| Avg drawdowni | 11.74% | 24.54% | |
| Ulcer Indexi | 14.25% | 26.29% | |
| Max daily dropi | 9.56% | 7.66% | |
| Max wkly dropi | 15.94% | 13.55% | |
| 10Y | Growthi | +226.61% | +84.85% |
| CAGRi | +12.57% | +6.34% | |
| Volatilityi | 27.38% | 26.47% | |
| Sharpe ratioi | 0.41 | 0.20 | |
| Sortino ratioi | 0.59 | 0.28 | |
| Max drawdowni | 41.77% | 45.34% | |
| Current drawdowni | 9.67% | 37.82% | |
| Avg drawdowni | 10.32% | 16.15% | |
| Ulcer Indexi | 13.24% | 20.64% | |
| Max daily dropi | 12.66% | 15.16% | |
| Max wkly dropi | 18.45% | 18.24% |
| Category | EQIX | AMT |
|---|---|---|
| Company | Equinix, Inc. | American Tower Corporation |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Specialty | REIT - Specialty |
| Core business | Global colocation and interconnection provider operating data centers where networks, cloud platforms, and enterprises connect directly to one another. Its interconnection revenue, earned from cross-connects between tenants, is a defining differentiator. | Global owner of wireless communications towers leased to mobile carriers across the Americas, Europe, Africa, and Asia, plus a US data center business from the CoreSite acquisition. |
| Investor focus | Cabinet billing growth, interconnection revenue, pricing and churn, hyperscale joint venture development, power availability, and funding of the capital programme. | Organic tenant billings growth, carrier capital spending, escalators, churn, international portfolio management, and interest costs. |
- Dense interconnection ecosystems create network effects that are very difficult to replicate
- Cross-connect revenue is high margin and stickier than raw space and power
- Global footprint in business hubs that enterprises need for low-latency connectivity
- Long leases with contractual escalators make revenue unusually predictable
- Very high incremental margins when additional tenants are added to existing towers
- Critical infrastructure with minimal substitution risk
- Capital intensive expansion requiring continuous funding, partly through joint ventures
- Power constraints in key metros limit how quickly capacity can be added
- Hyperscale customers can source large-scale capacity more cheaply elsewhere
- New leasing depends on carrier spending, which has been restrained
- Carrier consolidation drives site decommissioning and churn
- Substantial debt makes interest expense a meaningful earnings variable
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