GDS Holdings
GDS
31.63
+0.60
+1.93%
GDS Holdings
US · GDS
#2011 by market cap
Listed 2016
31.63
+0.60
+1.93%
Live - 5344 symbols - heartbeat 309s ago
· 2026-10-08 08:26
Pre-market
30.55
-3.41%
After-hours
31.59
-0.13%
Overnight
30.29
-4.24%
- Market cap
- 6.34B
- P/E (TTM)i
- 13.95
- P/Bi
- 1.45
- EPSi
- 0.66
- Div yieldi
- 0.00%
- 52W posi
- 22%
Reader sentiment
Are you bullish or bearish on GDS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.36, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +10.76% YoY
Margins
- Gross margin
- 22.62%
- Operating margin
- 13.44%
- Net margin
- 7.83%
Key ratios & quality
- Enterprise valuei
- 30.63B
- Altman Z-Scorei
- 0.36
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.79B | 4.12B | 5.74B | 7.82B | 9.27B | 9.78B | 10.32B | 11.43B |
| Gross profit | 622.44M | 1.04B | 1.55B | 1.78B | 1.95B | 1.95B | 2.22B | 2.59B |
| Selling & admin expenses | 440.17M | 541.32M | 837.46M | 1.17B | 1.19B | 1.11B | 1.03B | 1.05B |
| Research & development | 13.92M | 21.63M | 40.05M | 39.34M | 31.91M | 38.16M | 36.32M | 32.70M |
| Operating profit | 171.57M | 489.68M | 699.99M | 657.73M | 821.20M | 890.61M | 1.18B | 1.54B |
| Pretax profit | -439.66M | -426.43M | -548.44M | -948.75M | -828.32M | -3.94B | -614.86M | 713.15M |
| Tax | -9.39M | 15.65M | 120.78M | 242.46M | 276.24M | -15.58M | 156.05M | 469.72M |
| Net profit | -430.27M | -442.08M | -669.21M | -1.19B | -1.27B | -4.29B | 3.43B | 959.36M |
| Basic EPS | -3 | -4 | -5 | -7 | -8 | -24 | 18 | 5 |
| Diluted EPS | -3.44 | -3.60 | -4.72 | -7.20 | -8.24 | -23.68 | 18.16 | 4.40 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.72B | 2.90B | 2.89B | 2.92B | 3.37B | 3.09B |
| Gross profit | 644.83M | 688.93M | 639.24M | 612.43M | 1.13B | 664.21M |
| Selling & admin expenses | 271.70M | 265.51M | 268.59M | 241.43M | 214.00M | 217.98M |
| Research & development | 7.89M | 8.83M | 8.25M | 7.73M | 9.56M | 7.06M |
| Operating profit | 365.24M | 414.59M | 362.40M | 394.21M | 907.96M | 439.17M |
| Pretax profit | 991.51M | 20.22M | 1.37B | -1.67B | 624.33M | 91.24M |
| Tax | 199.70M | 64.86M | 181.88M | 23.28M | 108.71M | 213.54M |
| Net profit | 764.07M | -70.58M | 728.63M | -462.76M | 2.65B | 837.62M |
| Basic EPS | 4 | 0 | 4 | -2 | 13 | 4 |
| Diluted EPS | 3.44 | -0.48 | 3.20 | -2.48 | 10.56 | 3.52 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 3.04B | 7.08B | 18.32B | 14.46B | 11.95B | 10.98B | 11.61B | 18.55B |
| Cash & ST investments | 2.16B | 5.81B | 16.26B | 9.97B | 8.61B | 7.35B | 7.87B | 14.97B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 20.89B | 31.49B | 57.26B | 71.63B | 74.81B | 74.45B | 73.65B | 80.00B |
| Total current liabilities | 3.51B | 4.00B | 7.64B | 13.47B | 10.60B | 8.31B | 9.08B | 7.13B |
| Short-term debt | 1.45B | 1.42B | 2.49B | 6.79B | 6.34B | 3.26B | 5.10B | 3.76B |
| Long-term debt | 7.21B | 10.08B | 12.50B | 20.18B | 27.81B | 31.52B | 30.48B | 35.51B |
| Total liabilities | 15,363,318,000.00 | 21,198,950,000.00 | 31,571,983,000.00 | 46,694,761,000.00 | 50,629,299,000.00 | 54,322,887,000.00 | 49,979,995,000.00 | 52,261,437,000.00 |
| Total equity | 5.52B | 10.29B | 25.69B | 24.94B | 24.18B | 20.12B | 23.67B | 27.74B |
| Retained earnings | -1.62B | -2.06B | -2.72B | -3.91B | -5.18B | -9.47B | -6.04B | -5.09B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 12.33B | 17.94B | 17.26B | 18.55B | 23.58B | 23.46B |
| Cash & ST investments | 7.58B | 13.12B | 13.44B | 14.97B | 14.82B | 14.93B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 73.46B | 79.20B | 78.61B | 80.00B | 84.13B | 85.79B |
| Total current liabilities | 8.41B | 8.98B | 6.87B | 7.13B | 12.64B | 13.15B |
| Short-term debt | 4.85B | 4.61B | 3.41B | 3.76B | 9.48B | 9.30B |
| Long-term debt | 30.33B | 34.67B | 35.18B | 35.51B | 30.88B | 31.60B |
| Total liabilities | 49,015,114,000.00 | 53,607,981,000.00 | 51,825,704,000.00 | 52,261,437,000.00 | 51,692,993,000.00 | 52,544,897,000.00 |
| Total equity | 24.44B | 25.59B | 26.78B | 27.74B | 32.44B | 33.24B |
| Retained earnings | -5.28B | -5.35B | -4.63B | -5.09B | -2.45B | -1.61B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -12.91M | 293.44M | 320.89M | 1.20B | 2.81B | 2.07B | 1.94B | 3.37B |
| Depreciation & amortization | 741.51M | 1.14B | 1.66B | 2.66B | 3.22B | 3.48B | 3.35B | 3.57B |
| Free cash flow | -4.40B | -4.63B | -7.90B | -8.68B | -5.34B | -1.36B | -1.32B | -1.33B |
| Dividends paid | 0 | -25.01M | -65.49M | -49.22M | -51.58M | -53.92M | -54.17M | -54.12M |
| Stock buybacks / issuance | 1.28B | 4.93B | 15.97B | -- | -- | 0 | 0 | 1.02B |
| Ending cash balance | 2.28B | 5.97B | 16.49B | 12.03B | 8.88B | 7.50B | 8.09B | 14.44B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 780.07M | 865.12M | 736.50M | 983.56M | 447.69M | 1.42B |
| Depreciation & amortization | 856.52M | 856.62M | 860.93M | 993.66M | 831.82M | 851.43M |
| Free cash flow | -229.26M | -399.68M | -685.33M | -13.58M | -322.35M | 166.49M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 7.78B | 13.32B | 13.59B | 14.44B | 14.86B | 14.96B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -8.61 | -6.33 | -4.11 | -5.25 | -6.36 | -20.73 | 16.30 | 3.71 |
| ROA %i | -2.53 | -1.91 | -1.66 | -2.04 | -2.06 | -5.82 | 4.55 | 1.17 |
| ROIC %i | 1.31 | 0.82 | 0.59 | -0.20 | -0.19 | -3.58 | 7.10 | 3.03 |
| 5-year avg ROE %i | -- | -- | -11.66 | -6.61 | -6.13 | -8.56 | -4.03 | -2.46 |
| EBIT margin %i | 7.76 | 13.15 | 13.38 | 9.03 | 9.63 | -22.73 | 12.69 | 21.89 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.87 | 1.77 | 2.40 | 1.07 | 1.13 | 1.32 | 1.28 | 2.60 |
| Quick ratioi | 0.82 | 1.71 | 2.34 | 0.89 | 1.05 | 1.21 | 1.23 | 2.53 |
| Debt / assetsi | 61.25 | 53.84 | 43.02 | 52.76 | 59.73 | 59.14 | 60.37 | 59.41 |
| LT debt / equityi | 205.41 | 150.96 | 86.58 | 126.66 | 166.57 | 215.74 | 175.28 | 169.74 |
| Interest coveragei | 0.33 | 0.56 | 0.58 | 0.43 | 0.48 | -1.11 | 0.68 | 1.40 |
| Revenue CAGR (3Y) %i | 58.32 | 57.46 | 52.56 | 40.95 | 31.00 | 19.46 | 9.70 | 7.25 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 21.32 | 21.66 | 25.11 | 3.71 | 10.73 | 13.63 |
| ROA %i | 5.97 | 5.85 | 6.90 | 1.17 | 3.52 | 4.44 |
| ROIC %i | 8.59 | 8.56 | 9.78 | 3.03 | 5.70 | 6.62 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 23.47 | 23.58 | 35.84 | 21.89 | 17.17 | 17.17 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.47 | 2.00 | 2.51 | 2.60 | 1.87 | 1.78 |
| Quick ratioi | 1.29 | 1.82 | 2.41 | 2.53 | 1.43 | 1.37 |
| Debt / assetsi | 59.74 | 60.35 | 59.74 | 59.41 | 56.08 | 55.23 |
| LT debt / equityi | 167.98 | 177.01 | 170.15 | 169.74 | 132.68 | 130.07 |
| Interest coveragei | 1.31 | 1.39 | 2.27 | 1.40 | 1.20 | 1.25 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 08:26:41 · For reference only, not investment advice and not tailored to your situation.