Equinix vs Merlin Properties (EQIX vs MRL)
Equinix (EQIX) vs Merlin Properties (MRL) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Equinix (EQIX) and Merlin Properties (MRL) compete in real estate. Here are Equinix and Merlin Properties side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Equinix or Merlin Properties.
Equinix vs Merlin Properties: the figures
| Figure | Equinix | Merlin Properties |
|---|---|---|
| Share price | $1,054.09 (November 4, 2026) | €11.71 (November 4, 2026) |
| Market cap | $104.3 billion | €7.3 billion |
| P/E (TTM) | 63.3x | 8.0x |
| Forward P/E | 50.9x | 20.9x |
| Revenue growth (quarter) | +10.4% | +14.6% |
| Net margin (TTM) | 16.2% | 141.7% |
| Net debt / EBITDA | 5.1x | 8.3x |
| Dividend yield | 2.03% | 1.86% |
| Beta | 0.97 | 0.97 |
Equinix and Merlin Properties figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Equinix or Merlin Properties figure is not available, and we never estimate it.
3 key differences between Equinix and Merlin Properties
- Valuation: Equinix trades at 63.3x its annual earnings and Merlin Properties at 8.0x; the market pays more for each dollar of Equinix profit, usually because it expects more growth.
- Profitability: for every 100 of sales, Merlin Properties keeps 141.7 as net profit and Equinix keeps 16.2.
- Debt: Merlin Properties owes 8.3x its annual operating profit (EBITDA), while Equinix owes 5.1x its EBITDA.
Equinix or Merlin Properties: which fits your profile
- If you want growth: Merlin Properties is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Equinix pays the higher dividend relative to its price.
- If you prefer caution: Equinix has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Merlin Properties trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Equinix nor Merlin Properties wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Equinix and Merlin Properties make money
Equinix (EQIX)
Equinix is a REIT that rents space, power and connectivity inside data centers across the Americas, Europe and Asia-Pacific. Cloud providers, telecom carriers and banks place their servers there and link directly to one another. Recurring colocation and interconnection fees drive revenue, and its xScale program builds large facilities for hyperscalers. Full Equinix analysis.
Merlin Properties (MRL)
Merlin Properties is a Spanish real estate investment trust earning rent from properties in Spain and Portugal. Offices in Madrid, Barcelona and Lisbon are its largest source of rent, followed by logistics warehouses and shopping centers. It is also developing data centers in Spain to lease to technology companies. Full Merlin Properties analysis.
Frequently asked questions: Equinix vs Merlin Properties
Is Equinix or Merlin Properties the better stock?
Choosing between Equinix and Merlin Properties depends on what you are looking for. Merlin Properties is growing faster right now, and Merlin Properties trades on the lower P/E. Fintols does not tell you whether to buy Equinix or Merlin Properties: it shows you the differences so you can decide.
Which pays a higher dividend, Equinix or Merlin Properties?
As of November 4, 2026, Equinix yields 2.03% and Merlin Properties yields 1.86%. Also check how much of their profit Equinix and Merlin Properties pay out: if it is more than they earn, it cannot last.
Which is more expensive, Equinix or Merlin Properties?
On P/E, Equinix (63.3x) is more expensive than Merlin Properties (8.0x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Equinix and Merlin Properties?
Yes. Many people spread their money across several companies, such as Equinix and Merlin Properties, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Equinix or Merlin Properties.
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More companies like Equinix and Merlin Properties: real estate stocks. Educational content about Equinix and Merlin Properties, not investment advice.