GDS Holdings Ltd (GDS) stock

GDSNasdaqServices-Computer Programming, Data Processing, Etc.Also trades as GDHLF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026Score 6/30

$19.81−0.24 (-1.20%)

Close on Nov 13, 2026Market cap $3.97BP/E 30.1Yield –

GDS statistics

90 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: No dividends
Fundamentals through: Dec 31, 2025
Share price as of: –

Valuation ratiosIndustry

Market Cap: CN¥26.50B; CN¥1.17B
Enterprise Value: CN¥39.41B; CN¥124.60M
PE Ratio: 30.06; 12.42
PS Ratio: 2.32; 0.99
PB Ratio: 1.03; 0.72
P/TBV Ratio: 1.30; 0.79
P/OCF Ratio: 7.87; 5.68

Enterprise valuationIndustry

EV / Sales: 3.45; 0.74
EV / EBITDA: 11.58; 8.91

Share statisticsIndustry

Shares Outstanding: 1.60B; 814M
Shares Change (YoY): 11.5%; 0.57%
Float: 1.15B; 629M
Shares Held by Insiders: 28.1%; 18.0%
Shares Held by Institutions: 6.55%; 2.13%

Short sellingIndustry

Short Interest: 15M; –
Short Interest Change: 5.80%; -0.01%
Days to Cover: 6.23; 3.46

Stock price statisticsIndustry

Price Change (1 Week): -11.4%; -3.27%
Price Change (1 Month): -21.8%; -7.34%
Price Change (3 Months): -44.0%; -18.5%
Price Change (6 Months): -53.3%; -28.8%
Price Change (YTD): -43.2%; -36.4%
Price Change (1 Year): -38.2%; -40.2%
Price Change (3 Years): 73.2%; -19.2%
Price Change (5 Years): -67.9%; -78.3%
Price Change (10 Years): 107.4%; 0.78%
Average Volume (10 Days): 3M; –
Average Volume (20 Days): 3M; –
Average Volume (90 Days): 2M; –
Relative Volume: 1.73; 0.60
Relative Strength Index (14): 33.0; 40.9
Volatility (1 Year): 58.1%; 70.1%
Beta (5 Years): 1.63; 0.91

MarginsIndustry

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 on capitalIndustry

Return on Equity (ROE): 3.94%; 0.66%
Return on Assets (ROA): 1.24%; 0.16%
Return on Invested Capital (ROIC): -0.07%; -2.94%
Return on Capital Employed (ROCE): -0.08%; -1.59%

Financial positionIndustry

Current Ratio: 2.60; 1.76
Quick Ratio: 2.35; 1.10
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

GrowthIndustry

Revenue Growth (YoY): 10.8%; 3.30%
Net Income Growth (YoY): -72.3%; -22.7%
EPS Growth (YoY): -75.8%; -18.9%
Revenue Growth (3Y CAGR): 7.25%; 5.29%
Revenue Growth (5Y CAGR): 14.8%; 3.56%

EfficiencyIndustry

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
WACC: 8.86%; 9.25%

Income statement (TTM)Industry

Revenue: CN¥11.43B; CN¥1.45B
Gross Profit: CN¥2.59B; CN¥727.69M
Operating Income: -CN¥55.75M; -CN¥38.65M
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

Balance sheetIndustry

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; 14.10 CNY
Tangible Book Value: CN¥20.32B; CN¥1.41B
Working Capital: CN¥11.42B; CN¥700.54M

Cash flow (TTM)Industry

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

Dividends and yieldsIndustry

Earnings Yield: 3.58%; 0.20%
FCF Yield: -5.00%; -5.18%
Buyback Yield: -3.86%; 0.63%
Shareholder Yield: -3.86%; 0.63%

Taxes and interestIndustry

Interest Expense: CN¥1.79B; CN¥62.60M
Income Tax: CN¥469.72M; CN¥6.73M
Effective Tax Rate: 65.9%; 17.2%

Scores and fair valueIndustry

Graham Number: 14.11 CNY; 40.42 CNY
Graham Upside: -14.7%; 24.6%
Altman Z-Score: 0.53; 0.60
Piotroski F-Score: 7; 5
Beneish M-Score: -2.76; -2.35

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	GDS	S&P 500	Difference	GDS per year	S&P 500 per year
1 month	-33.1%	-3.0%	−30.0 pts
3 months	-43.0%	-2.8%	−40.2 pts
Year to date	-43.2%	+11.5%	−54.7 pts
1 year	-35.3%	+13.5%	−48.7 pts
3 years	+82.9%	+77.7%	+5.2 pts	+22.3%	+21.1%
5 years	-67.9%	+72.6%	−140.5 pts	-20.3%	+11.5%
10 years	+105.3%	+308.2%	−202.9 pts	+7.5%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

15M GDS shares were sold short on Oct 30, 2026, up 5.8% from the previous report. At recent volumes it would take 6.2 days to buy them back. Over the last 20 sessions, 51.6% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	14,541,866	+5.8%	2,335,865	6.2
Oct 15, 2026	13,744,096	+20.0%	2,894,519	4.8
Sep 30, 2026	11,449,800	-7.7%	1,134,901	10.1
Sep 15, 2026	12,402,997	-6.5%	1,077,786	11.5
Aug 31, 2026	13,262,982	+4.4%	1,492,740	8.9
Aug 14, 2026	12,705,261	-3.3%	2,006,777	6.3
Jul 31, 2026	13,132,588	-3.5%	1,564,034	8.4
Jul 15, 2026	13,606,820	+29.4%	2,244,828	6.1
Jun 30, 2026	10,515,743	+0.2%	2,510,304	4.2
Jun 15, 2026	10,497,633	+4.7%	2,577,480	4.1
May 29, 2026	10,024,478	+10.4%	3,540,739	2.8
May 15, 2026	9,079,844	-2.2%	1,832,252	5.0