# GDS Holdings Limited share price today (GDS Holdings Limited, GDS)

> GDS Holdings Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. GDS · Technology · Information Technology Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/gds

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: $21.86 (−38.8% in a year)
- P/E: 8.9×, over 1 year
- Revenue (Jun 2026): $3.1 B (+6.5% on a year ago)
- Profit (Jun 2026): $838 M
- Operating margin: 14.2% (−0.1 points on a year ago)
- ROE: 4%, FY25
- ROIC: 2.8%, against a 4.5% cost of capital: −1.7 points
- Profit that came in as cash: 121%, last 2 years

The main question: the share price moved −38.8% in a year while yearly earnings per share moved −75.8%. The difference came from the market paying a higher multiple. ## What is the GDS Holdings Limited share price today? GDS Holdings Limited's share price was $21.86 at the close on 3 November 2026. It has been falling for 2 weeks. That is 39.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $22 and $46, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 6 weeks running. Over the last 10 years the share price moved +119% while the S&P 500 moved +262%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 25 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does GDS Holdings Limited pay? GDS Holdings Limited pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is GDS Holdings Limited on? GDS Holdings Limited is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is GDS Holdings Limited profitable? GDS Holdings Limited earned $838 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was $959 M. That is 27.1% of the quarter's revenue. The same quarter a year earlier lost $70.6 M. 7 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $959 M (−72.0% on the year before). ## How much revenue does GDS Holdings Limited make, and is it growing? GDS Holdings Limited reported $3.1 B of revenue in the Jun 2026 quarter, +6.5% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 10.0% a year on average. The last full year, FY25, came in at $11.4 B. The last four reported quarters add to $12.3 B. FY25 revenue was $11.4 B, +10.8% on the year before. Recent pace: the last four quarters grew +12.2% on average, against 10.0% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +12.2%, against +10.7% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does GDS Holdings Limited keep? GDS Holdings Limited's operating margin was 14.2% in the Jun 2026 quarter, 0.1 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 7.3% and 13.2%. The latest quarter is above every full year in that period. Across 5 years it has been between 7.3% and 13.2%, and FY25's 13.2% is the highest of them. Why the margin moved: operating margin changed −0.1 percentage points on the year while gross margin changed −2.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is GDS Holdings Limited's profit turning into cash? Over the last 2 years, 121% of GDS Holdings Limited's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $3.4 B of operating cash against $959 M of profit. After $4.7 B of spending on assets, free cash was −$1.3 B: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does GDS Holdings Limited's cash go? GDS Holdings Limited does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $11.4 B on assets over the last 3 years. Averaged over those years that is 33.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $11.4 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is GDS Holdings Limited's P/E ratio, and how does it compare with its own history? GDS Holdings Limited's P/E is 8.9×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −75.8% while the price moved −38.8%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the GDS Holdings Limited business getting better or worse? GDS Holdings Limited's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does GDS Holdings Limited earn on its capital? GDS Holdings Limited earned a ROE of 4% in FY25. That is up from a low of −21% in FY23. Its return on capital used (ROIC) is 1.7 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 8.4% net margin and 0.14× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 8.4% net margin × 0.14× asset turnover × 2.88× leverage (assets divided by equity) ≈ 3.4% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 2.8% − 4.5% = −1.7 percentage points. The 4.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 2.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 1.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does GDS Holdings Limited have too much debt? GDS Holdings Limited has total debt of $47.4 B against shareholder equity of $33.2 B as of Jun 2026, so its debt is 1.43× its equity. Year by year, that ratio went from 1.46 in FY21 to 1.71 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the GDS Holdings Limited shareholding pattern? We have no ownership or short-position figures for GDS Holdings Limited, so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 6.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is GDS Holdings Limited from balance-sheet trouble? For GDS Holdings Limited, the Z-score is 0.95. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.95 is inside the danger zone, so the balance sheet is a real risk. ## How does GDS Holdings Limited rank in its industry? There is no score against its industry: GDS Holdings Limited is not among the largest members shown in this industry comparison for Information Technology Services. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is GDS Holdings Limited compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to GDS Holdings Limited in size? GDS Holdings Limited is the 23rd largest of 52 Information Technology Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: NIQ Global Intelligence plc, Parsons Corporation and Applied Digital Corporation. Just below it: Cipher Digital Inc., Penguin Solutions, Inc. and Kyndryl Holdings, Inc. ### Information Technology Services companies close in size

1. [NIQ Global Intelligence plc](https://www.sectoralpha.in/us/stocks/niq) $5.9 billion
2. [Parsons Corporation](https://www.sectoralpha.in/us/stocks/psn) $5.5 billion
3. [Applied Digital Corporation](https://www.sectoralpha.in/us/stocks/apld) $5.4 billion
4. GDS Holdings Limited $4.4 billion
5. [Cipher Digital Inc.](https://www.sectoralpha.in/us/stocks/cifr) $3.4 billion
6. [Penguin Solutions, Inc.](https://www.sectoralpha.in/us/stocks/peng) $3.2 billion
7. [Kyndryl Holdings, Inc.](https://www.sectoralpha.in/us/stocks/kd) $2.8 billion

[All 52 Information Technology Services companies, largest first](https://www.sectoralpha.in/us/sectors/information-technology-services#all-companies)

### Companies close in size in other industries

1. [Itron, Inc.](https://www.sectoralpha.in/us/stocks/itri) $4.4 billion · Scientific & Technical Instruments
2. [Alliance Laundry Holdings Inc.](https://www.sectoralpha.in/us/stocks/alh) $4.4 billion · Furnishings, Fixtures & Appliances
3. GDS Holdings Limited $4.4 billion
4. [Q2 Holdings, Inc.](https://www.sectoralpha.in/us/stocks/qtwo) $4.4 billion · Software - Application
5. [Warrior Met Coal, Inc.](https://www.sectoralpha.in/us/stocks/hcc) $4.3 billion · Coking Coal

## What else do people ask about GDS Holdings Limited? ### What were GDS Holdings Limited Limited's latest quarterly results? GDS Holdings Limited reported revenue of $3.1 B and net profit of $838 M for the Jun 2026 quarter. Earnings per share were $3.52. The operating margin was 14.2%, 0.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is GDS Holdings Limited Limited's market cap? GDS Holdings Limited's market capitalisation is $4.4 B at a stock price of $21.86. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is GDS Holdings Limited Limited performing? GDS Holdings Limited's share price has been falling for 2 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 6 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will GDS Holdings Limited Limited's stock price go up? This page does not forecast GDS Holdings Limited's stock price. What it shows instead: the stock price is $21.86, and it has been falling for 2 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is GDS Holdings Limited Limited in its business cycle? GDS Holdings Limited's FY25 operating margin was 13.2%, against a 5-year range of 7.3% to 13.2%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 14.2%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the GDS Holdings Limited Limited story? The main question: the share price moved −38.8% in a year while yearly earnings per share moved −75.8%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is GDS Holdings Limited Limited a stock worth studying right now? What the numbers show: GDS Holdings Limited's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

This is research, not advice. We’re not SEBI-registered.