GDS Holdings Limited

NasdaqGM:GDS Stock Report

Market Cap: US$5.2b

GDS Holdings Past Earnings Performance

Past criteria checks 2/6

GDS Holdings's earnings have been declining at an average annual rate of -24.2%, while the IT industry saw earnings growing at 2.5% annually. Revenues have been growing at an average rate of 15% per year. GDS Holdings's return on equity is 1.1%, and it has net margins of 1.5%.

Key information

-24.21%

Earnings growth rate

-21.90%

EPS growth rate

IT Industry Growth22.43%
Revenue growth rate15.01%
Return on equity1.09%
Net Margin1.49%
Last Earnings Update31 Mar 2025

Recent past performance updates

There May Be Underlying Issues With The Quality Of GDS Holdings' (NASDAQ:GDS) Earnings

May 27
There May Be Underlying Issues With The Quality Of GDS Holdings' (NASDAQ:GDS) Earnings

Recent updates

GDS Holdings: Still A Buy Considering Q1 Outperformance And Geopolitical Factors

May 27

There May Be Underlying Issues With The Quality Of GDS Holdings' (NASDAQ:GDS) Earnings

May 27
There May Be Underlying Issues With The Quality Of GDS Holdings' (NASDAQ:GDS) Earnings

GDS Holdings Limited's (NASDAQ:GDS) Shares Climb 31% But Its Business Is Yet to Catch Up

May 07
GDS Holdings Limited's (NASDAQ:GDS) Shares Climb 31% But Its Business Is Yet to Catch Up

GDS Holdings' (NASDAQ:GDS) Returns Have Hit A Wall

Apr 08
GDS Holdings' (NASDAQ:GDS) Returns Have Hit A Wall

GDS Holdings Limited's (NASDAQ:GDS) Stock Retreats 30% But Revenues Haven't Escaped The Attention Of Investors

Mar 21
GDS Holdings Limited's (NASDAQ:GDS) Stock Retreats 30% But Revenues Haven't Escaped The Attention Of Investors

GDS Holdings: Capped International Expansion Due To High Financial Leverage

Mar 12

GDS Holdings: AI Boom Fuels Rally, But Monetization Risks Remain (Rating Upgrade)

Feb 24

GDS Holdings (NASDAQ:GDS) Seems To Be Using A Lot Of Debt

Jan 23
GDS Holdings (NASDAQ:GDS) Seems To Be Using A Lot Of Debt

GDS Holdings Limited (NASDAQ:GDS) Stock Rockets 28% But Many Are Still Ignoring The Company

Jan 08
GDS Holdings Limited (NASDAQ:GDS) Stock Rockets 28% But Many Are Still Ignoring The Company
author-image

Surging AI Demand And Global Expansion Will Boost The Company's Earnings Growth

Surge in AI demand and strategic positioning in Tier 1 markets are driving growth and enhancing future revenue prospects through hyperscale campuses.

Some Investors May Be Worried About GDS Holdings' (NASDAQ:GDS) Returns On Capital

Dec 16
Some Investors May Be Worried About GDS Holdings' (NASDAQ:GDS) Returns On Capital

GDS Holdings: From AI Darling To Cash-Burning Nomad

Nov 20

These 4 Measures Indicate That GDS Holdings (NASDAQ:GDS) Is Using Debt In A Risky Way

Oct 21
These 4 Measures Indicate That GDS Holdings (NASDAQ:GDS) Is Using Debt In A Risky Way

GDS Holdings Limited's (NASDAQ:GDS) P/S Is Still On The Mark Following 31% Share Price Bounce

Oct 02
GDS Holdings Limited's (NASDAQ:GDS) P/S Is Still On The Mark Following 31% Share Price Bounce

Some Investors May Be Worried About GDS Holdings' (NASDAQ:GDS) Returns On Capital

Sep 10
Some Investors May Be Worried About GDS Holdings' (NASDAQ:GDS) Returns On Capital

GDS Holdings: Multiple Positives (Rating Upgrade)

Aug 22

Market Still Lacking Some Conviction On GDS Holdings Limited (NASDAQ:GDS)

Aug 15
Market Still Lacking Some Conviction On GDS Holdings Limited (NASDAQ:GDS)

GDS Holdings: A Datacenter Play That Hasn't Been Overbought... Yet

Jun 13

Is GDS Holdings Limited (NASDAQ:GDS) Trading At A 48% Discount?

Jun 11
Is GDS Holdings Limited (NASDAQ:GDS) Trading At A 48% Discount?

GDS: Eyes On Domestic And International Businesses

May 25

GDS Preparing To Spin Off Its Global Business?

Mar 12

GDS: Fundraising And Q4 Results Preview

Feb 20

GDS Holdings: Best-In-Class Operator Trading At A Discount

Sep 06

GDS Holdings Q2 2022 Earnings Preview

Aug 22

Revenue & Expenses Breakdown

How GDS Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGM:GDS Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2510,6131591,03634
31 Dec 2410,322-8541,03936
30 Sep 2410,607-3,5661,03942
30 Jun 2410,160-3,7951,06744
31 Mar 249,806-3,7961,05838
31 Dec 239,782-3,9851,11138
30 Sep 239,804-1,3581,31435
30 Jun 239,653-1,2771,29731
31 Mar 239,491-1,4251,32236
31 Dec 229,268-1,3481,19432
30 Sep 229,109-1,6661,32938
30 Jun 228,803-1,6511,28741
31 Mar 228,356-1,5881,24540
31 Dec 217,819-1,3141,17139
30 Sep 217,263-1,2571,11337
30 Jun 216,726-1,1441,05539
31 Mar 216,205-93395741
31 Dec 205,739-73883740
30 Sep 205,287-56173337
30 Jun 204,828-45963232
31 Mar 204,471-45157126
31 Dec 194,122-50054122
30 Sep 193,773-50650420
30 Jun 193,469-50348417
31 Mar 193,122-49946916
31 Dec 182,792-43044014
30 Sep 182,468-42440812
30 Jun 182,130-39537610
31 Mar 181,828-3693398
31 Dec 171,616-3273197
30 Sep 171,422-3143017
30 Jun 171,295-3082747
31 Mar 171,195-3773279
31 Dec 161,056-4032999
30 Sep 16953-3572788
30 Jun 16846-3262707
31 Mar 16762-2341875
31 Dec 15704-2171864
31 Dec 14468-3091542

Quality Earnings: GDS has a large one-off gain of CN¥1.1B impacting its last 12 months of financial results to 31st March, 2025.

Growing Profit Margin: GDS became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GDS has become profitable over the past 5 years, growing earnings by -24.2% per year.

Accelerating Growth: GDS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GDS has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (3.3%).

Return on Equity

High ROE: GDS's Return on Equity (1.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/10 05:59
End of Day Share Price 2025/06/10 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

GDS Holdings Limited is covered by 40 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan CrossettBerenberg
Huiqun LiBofA Global Research
Shuyun CheChina International Capital Corporation Limited