GDS
GDS Holdings LtdGDS Holdings Ltd reported revenue of CNY 11.43B in its most recent fiscal year, up 10.8% on the year before. It kept 8.3% of that as net income, and generated -CNY 1.33B of free cash flow. Figures below are compared against other companies classified under Services-Computer Programming, Data Processing, Etc..
Grades vs. industry
Growth
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Revenue growth (YoY) Latest fiscal year revenue vs. the year before. | 10.8% | 7.0% | 32 / 69 |
Revenue growth (3y) Annualized revenue growth over three fiscal years. | 7.2% | 6.6% | 32 / 65 |
Revenue growth (5y) Annualized revenue growth over five fiscal years. | 14.8% | 12.3% | 23 / 53 |
EPS growth (YoY) Diluted EPS vs. the prior fiscal year. | -75.8% | -1.6% | 20 / 27 |
EPS growth (3y) Annualized diluted EPS growth over three fiscal years. | Not reported | 33.3% | — |
EPS growth (5y) Annualized diluted EPS growth over five fiscal years. | Not reported | 14.7% | — |
Free cash flow growth (YoY) Operating cash flow less capital expenditure, vs. prior year. | Not reported | 6.4% | — |
Free cash flow growth (3y) Annualized free cash flow growth over three fiscal years. | Not reported | 18.6% | — |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Profitability
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Gross margin Gross profit as a share of revenue. Often unreported. | 22.6% | 58.0% | 51 / 60 |
Operating margin Operating income as a share of revenue. | -0.5% | -0.2% | 34 / 66 |
Net margin Net income as a share of revenue. | 8.3% | -2.5% | 18 / 69 |
Free cash flow margin Free cash flow as a share of revenue. | -11.6% | 5.5% | 50 / 60 |
Return on equity Net income divided by shareholder equity. | 3.7% | -2.2% | 22 / 60 |
Return on assets Net income divided by total assets. | 1.2% | -1.4% | 28 / 70 |
Return on invested capital After-tax operating profit over debt plus equity less cash. | -0.1% | 0.2% | 31 / 57 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Financial health
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Debt to equity Total debt divided by shareholder equity. | 1.02x | 0.67x | 19 / 31 |
Current ratio Current assets over current liabilities. | 2.60x | 1.76x | 24 / 70 |
Quick ratio Current assets excluding inventory, over current liabilities. | 2.60x | 1.76x | 24 / 70 |
Interest coverage Operating income divided by interest expense. | -0.03x | 1.05x | 19 / 32 |
Net debt to EBITDA Net debt over derived EBITDA. EBITDA is not a GAAP tag; it is computed. | 3.53x | -0.22x | 29 / 35 |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Debt figures can be understated where a filer splits borrowings across XBRL tags this site does not match.
Insider activity
Trades reported by officers, directors and 10% shareholders on SEC Form 4. None of the last 17 reported transactions were open-market purchases — grants, option exercises and sales make up the majority of insider filings at most companies.
| Date | Insider | Transaction | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 15, 2026 | Chen Kathy Hua Director | Grant or award | 1,890 | $0.00 | $0.00 |
| Oct 15, 2026 | Wojtaszek Gary J Director | Grant or award | 1,330 | $0.00 | $0.00 |
| Oct 15, 2026 | Liu Chee Ming Director | Grant or award | 1,330 | $0.00 | $0.00 |
| Oct 15, 2026 | Zhang David Director | Grant or award | 1,330 | $0.00 | $0.00 |
| Oct 15, 2026 | LOPEZ BRUNO Director | Grant or award | 1,750 | $0.00 | $0.00 |
| Oct 15, 2026 | Sun Qiang Chang Director | Grant or award | 1,330 | $0.00 | $0.00 |
| Oct 15, 2026 | KING JONATHAN ALLEN Insider | Grant or award | 210 | $0.00 | $0.00 |
| Oct 15, 2026 | YU BIN Director | Grant or award | 1,610 | $0.00 | $0.00 |
| Oct 15, 2026 | SIO TAT HIANG Director | Grant or award | 2,500 | $0.00 | $0.00 |
| Oct 15, 2026 | Ye Judy Qing Director | Grant or award | 1,540 | $0.00 | $0.00 |
| Oct 15, 2026 | BAHARUDIN ZULKIFLI BIN Director | Grant or award | 2,030 | $0.00 | $0.00 |
| Sep 18, 2026 | Chen Kathy Hua Director | Derivative expired(derivative) | 100 | $0.00 | $0.00 |
| Aug 3, 2026 | Zhang Kejing EVP, sales and service | Other | 12,166 | $0.00 | $0.00 |
| Aug 3, 2026 | Huang William Wei Chairman and CEO | Other | 53,334 | $0.00 | $0.00 |
| Aug 3, 2026 | Newman Daniel Antony Chief financial officer | Other | 51,374 | $0.00 | $0.00 |
| Aug 3, 2026 | Liang Yan See Remarks | Other | 11,166 | $0.00 | $0.00 |
| Aug 3, 2026 | Qian Yixin Executive VP, operation | Other | 12,800 | $0.00 | $0.00 |
A dash under price or value means none was reported, which is normal for grants and gifts — it does not mean the shares were free. Option exercises and awards are compensation arriving on a schedule, not a judgement about the stock.
Annual financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CNY 11.43B | CNY 10.32B | CNY 9.78B | CNY 9.27B | CNY 7.82B | CNY 5.74B | CNY 4.12B | CNY 2.79B | CNY 1.62B | CNY 1.06B |
| Gross profit | CNY 2.59B | CNY 2.22B | CNY 1.95B | CNY 1.95B | CNY 1.78B | CNY 1.55B | CNY 1.04B | CNY 622.44M | CNY 408.47M | CNY 265.67M |
| Operating income | -CNY 55.75M | CNY 1.15B | -CNY 2.21B | CNY 713.23M | CNY 569.52M | CNY 672.94M | CNY 479.78M | CNY 168.35M | CNY 82.23M | -CNY 42.37M |
| Net income | CNY 949.64M | CNY 3.43B | -CNY 4.29B | -CNY 1.27B | -CNY 1.19B | -CNY 666.41M | -CNY 442.08M | -CNY 430.27M | -CNY 326.90M | -CNY 276.41M |
| EPS (diluted) | CNY 0.55 | CNY 2.27 | -CNY 2.96 | -CNY 1.03 | -CNY 0.90 | -CNY 0.59 | -CNY 0.45 | -CNY 0.43 | -CNY 0.42 | n/c |
| Operating cash flow | CNY 3.37B | CNY 1.94B | CNY 2.07B | CNY 2.81B | CNY 1.20B | CNY 320.89M | CNY 293.44M | -CNY 12.91M | -CNY 167.82M | -CNY 128.98M |
| Capital expenditure | CNY 4.69B | CNY 3.17B | CNY 3.19B | CNY 5.87B | CNY 9.70B | CNY 8.04B | CNY 4.56B | CNY 4.26B | CNY 1.72B | CNY 987.76M |
| Free cash flow | -CNY 1.33B | -CNY 1.23B | -CNY 1.13B | -CNY 3.06B | -CNY 8.50B | -CNY 7.72B | -CNY 4.26B | -CNY 4.27B | -CNY 1.89B | -CNY 1.12B |
| Total assets | CNY 80.00B | CNY 73.65B | CNY 74.45B | CNY 74.81B | CNY 71.63B | CNY 57.26B | CNY 31.49B | CNY 20.89B | CNY 13.14B | CNY 8.20B |
| Shareholder equity | CNY 25.78B | CNY 22.46B | CNY 18.89B | CNY 23.02B | CNY 24.47B | CNY 25.57B | CNY 10.29B | CNY 5.52B | CNY 4.48B | CNY 2.99B |
| Total debt | CNY 26.31B | CNY 26.25B | CNY 25.67B | CNY 27.14B | CNY 24.23B | CNY 12.72B | CNY 9.17B | CNY 6.49B | CNY 4.25B | CNY 2.14B |
| Cash | CNY 14.31B | CNY 7.87B | CNY 7.50B | CNY 8.21B | CNY 12.03B | CNY 16.49B | CNY 5.97B | CNY 2.28B | CNY 1.87B | CNY 1.81B |
A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.
Amounts are in CNY, as the company reports them. Nothing here is converted to dollars, so these figures cannot be compared directly against a company reporting in another currency. Margins, returns and other ratios are unaffected.
n/c marks per-share figures that are not comparable. Companies report each year as their filings stated it, and an annual report restates only its two prior years — so after a stock split, older years remain on the pre-split share count. Totals above are unaffected.
Source
Figures come from GDS Holdings Ltd’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 20-F filed Apr 29, 2026. View filings on EDGAR.