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Welltower vs Equinix: WELL and EQIX compared
Welltower is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.6B for Equinix (Q3 2026). Welltower is growing faster (+38% against +11% a year earlier). Equinix is more profitable, with an operating margin of 23.3% against 9.1%.
Where the money goes: WELL and EQIX
Welltower (WELL) · Q3 2026
Welltower, Q3 2026: revenue $3.7B (+38% year over year), operating margin 9.1%, net earnings $397M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
Equinix (EQIX) · Q3 2026
Equinix, Q3 2026: revenue $2.6B (+11% year over year), operating margin 23.3%, net earnings $489M, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Welltower (WELL) | Equinix (EQIX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.7B | $2.6B |
| Revenue growth, Y/Y | +38% | +11% |
| Operating margin | 9.1% | 23.3% |
| Net earnings | $397M | $489M |
| Net margin | 10.7% | 19.0% |
| Operating cash flow | $1.0B | $1.2B |
| Free cash flow | $655M | — |
| Market value | $185.3B | $100.2B |
| P/E | 106.7× | 60.6× |
| Analysts’ mean target | $261.64 | $1234.88 |
Where the revenue comes from
Equinix
- Recurring revenues: $2.4B (95%)
- Non-recurring revenues: $129M (5%)
Questions
Which is bigger, Welltower or Equinix?
Welltower is the larger company: $3.7B of revenue in its latest quarter (Q3 2026) against $2.6B for Equinix (Q3 2026).
Is Welltower or Equinix growing faster?
Welltower is growing faster (+38% against +11% a year earlier).
Which is more profitable, Welltower or Equinix?
Equinix is more profitable, with an operating margin of 23.3% against 9.1%.
More: Welltower earnings · how Welltower makes money · Equinix earnings · how Equinix makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.