GDSNasdaqServices-Computer Programming, Data Processing, Etc.Also trades as GDHLF
GDS Holdings Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$22.47−0.61 (-2.64%)
Close on Oct 19, 2026
GDS statistics
Financials through Dec 31, 2025, price-based ratios appear once a share price is available, median of Services-Computer Programming, Data Processing, Etc. companies for comparison
Valuation
| Measure | GDS | Industry median |
|---|---|---|
| Market Cap | CN¥30.13B | CN¥961.81M |
| Enterprise Value | CN¥43.04B | CN¥359.35M |
| PE Ratio | 34.17 | 11.59 |
| PS Ratio | 2.64 | 1.22 |
| PB Ratio | 1.17 | 0.69 |
| P/TBV Ratio | 1.48 | 0.82 |
| P/OCF Ratio | 8.95 | 4.79 |
Enterprise value
| Measure | GDS | Industry median |
|---|---|---|
| EV / Sales | 3.76 | 0.73 |
| EV / EBITDA | 12.64 | 8.41 |
Income (trailing twelve months)
| Measure | GDS | Industry median |
|---|---|---|
| Revenue | CN¥11.43B | CN¥1.45B |
| Gross Profit | CN¥2.59B | CN¥727.69M |
| Operating Income | -CN¥55.75M | -CN¥40.61M |
| Pretax Income | CN¥713.15M | CN¥6.00M |
| Net Income | CN¥949.64M | CN¥1.13M |
| EBITDA | CN¥3.40B | CN¥706.00K |
| EPS (Diluted) | 0.55 CNY | 0.00 CNY |
Margins
| Measure | GDS | Industry median |
|---|---|---|
| Gross Margin | 22.6% | 33.5% |
| Operating Margin | -0.49% | -3.51% |
| Pretax Margin | 6.24% | 0.71% |
| Profit Margin | 8.31% | 0.44% |
| EBITDA Margin | 29.8% | -0.11% |
| FCF Margin | -11.6% | -1.56% |
Returns
| Measure | GDS | Industry median |
|---|---|---|
| Return on Equity (ROE) | 3.94% | 0.51% |
| Return on Assets (ROA) | 1.24% | 0.16% |
| Return on Invested Capital (ROIC) | -0.07% | -2.68% |
| Return on Capital Employed (ROCE) | -0.08% | -1.59% |
Growth
| Measure | GDS | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 10.8% | 3.30% |
| Net Income Growth (YoY) | -72.3% | -46.2% |
| EPS Growth (YoY) | -75.8% | -19.8% |
| Revenue Growth (3Y CAGR) | 7.25% | 5.29% |
| Revenue Growth (5Y CAGR) | 14.8% | 3.56% |
Balance sheet
| Measure | GDS | Industry median |
|---|---|---|
| Cash & Short-Term Investments | CN¥14.31B | CN¥1.52B |
| Total Debt | CN¥26.31B | CN¥130.47M |
| Net Cash (Debt) | -CN¥12.01B | CN¥683.87M |
| Net Cash Per Share | -7.49 CNY | 1.84 CNY |
| Equity (Book Value) | CN¥25.78B | CN¥1.61B |
| Book Value Per Share | 16.08 CNY | 11.00 CNY |
| Tangible Book Value | CN¥20.32B | CN¥1.41B |
| Working Capital | CN¥11.42B | CN¥700.54M |
Financial position
| Measure | GDS | Industry median |
|---|---|---|
| Current Ratio | 2.60 | 1.76 |
| Quick Ratio | 2.35 | 1.06 |
| Debt / Equity | 1.02 | 0.24 |
| Debt / EBITDA | 7.73 | 3.73 |
| Net Debt / EBITDA | 3.53 | -2.61 |
| Interest Coverage | -0.03 | -1.55 |
Cash flow (trailing twelve months)
| Measure | GDS | Industry median |
|---|---|---|
| Operating Cash Flow | CN¥3.37B | CN¥35.46M |
| Capital Expenditures | -CN¥4.69B | -CN¥35.72M |
| Free Cash Flow | -CN¥1.33B | -CN¥40.59M |
| FCF Per Share | -0.83 CNY | -0.02 CNY |
Efficiency
| Measure | GDS | Industry median |
|---|---|---|
| Asset Turnover | 0.15 | 0.56 |
| Revenue Per Employee | CN¥4.70M | CN¥1.55M |
| Profits Per Employee | CN¥390.16K | CN¥6.72K |
| Employee Count | 2,434 | 829 |
Dividends and yields
| Measure | GDS | Industry median |
|---|---|---|
| Earnings Yield | 3.15% | 0.83% |
| FCF Yield | -4.40% | -4.94% |
| Buyback Yield | -3.40% | 0.53% |
| Shareholder Yield | -3.40% | 0.53% |
Shares
| Measure | GDS | Industry median |
|---|---|---|
| Shares Outstanding | 1,603,020,000 | 813,600,000 |
| Shares Change (YoY) | 11.5% | 0.53% |
| Float | 1,152,740,000 | 634,000,500 |
| Shares Held by Insiders | 28.1% | 17.4% |
| Shares Held by Institutions | 6.55% | 2.73% |
Taxes
| Measure | GDS | Industry median |
|---|---|---|
| Income Tax | CN¥469.72M | CN¥6.73M |
| Effective Tax Rate | 65.9% | 17.2% |
Scores
| Measure | GDS | Industry median |
|---|---|---|
| Graham Number | 14.11 CNY | 40.42 CNY |
| Graham Upside | -24.9% | 68.7% |
| Altman Z-Score | 0.57 | 0.46 |
| Piotroski F-Score | 7 | 5 |
| Beneish M-Score | -2.76 | -2.35 |
Calculated by StockData from GDS's SEC filings. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.