GDS Holdings Ltd (GDS)

GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China. It provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. The company serves cloud service providers, large Internet companies, financial institutions, telecommunications carriers and IT service providers, large domestic private sector, and multinational corporations. GDS Holdings Limited was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.

Symbol
GDS
Exchange
Nasdaq
Sector
Technology
Industry
Information Technology Services
52 week range
26.97 - 48.61

Valuation

Share price
$33.75 (close of 2026-09-22)
P/E (TTM)
47.07x
Price to book
1.58x
Price to free cash flow
-31.85x

Price performance

PeriodChange
1 day-1.46%
5 days+10.87%
1 month+2.74%
3 months+6.43%
6 months-18.44%
Year to date-3.30%
1 year-15.12%
3 years+215.42%
5 years-43.78%
All time+224.21%

Profitability and growth

Return on equity
3.56%
Return on invested capital
-0.09%
Return on assets
1.19%
Return on capital employed
-0.08%
Gross margin
22.62%
Net margin
8.31%
EBITDA margin
29.77%
Revenue growth
10.76%
Net income growth
-72.28%
Free cash flow growth
-7.71%

Cash flow and balance sheet

Free cash flow yield (TTM)
-3.14%
Current ratio
2.60x
Net debt to EBITDA
5.47x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Shares outstanding
190.07M

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3122.62%8.31%3.56%-0.09%
2024-12-3121.53%33.19%15.16%1.68%
2023-12-3119.95%-43.85%-22.51%-3.94%
2022-12-3121.06%-13.69%-5.48%0.73%
2021-12-3122.76%-15.18%-4.84%0.96%
2020-12-3127.02%-11.61%-2.61%1.92%
2019-12-3125.29%-10.72%-4.29%2.51%
2018-12-3122.29%-15.41%-7.79%1.77%
2017-12-3125.27%-20.23%-7.30%1.29%
2016-12-3125.16%-26.18%-9.26%-1.11%

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-13Jun/2026-
2026-05-20--
2026-03-17--
2025-11-19--
2025-08-20--
2025-05-20--
2025-03-19--
2024-11-19--

Filings and sources

Company website
gds-services.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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