GDS Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '26 Mar 2, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	7,995	4,619	1,738	3,929	8,814	17,501
Market Cap Growth	16.48%	165.78%	-55.77%	-55.42%	-49.64%	132.35%
Enterprise Value	12,704	11,397	7,428	8,945	12,362	20,246
Last Close Price	39.90	23.76	9.12	20.62	47.16	93.64
PE Ratio	46.53	10.07	-	-	-	-
PS Ratio	5.08	3.27	1.26	2.92	7.16	19.91
PB Ratio	2.14	1.42	0.61	1.12	2.16	4.28
P/TBV Ratio	2.85	2.10	1.00	1.82	3.62	5.31
P/OCF Ratio	17.19	17.39	5.97	9.65	46.61	356.07
EV/Sales Ratio	8.07	8.06	5.38	6.66	10.04	23.03
EV/EBITDA Ratio	18.61	18.95	12.63	16.04	24.84	57.85
EV/EBIT Ratio	63.71	72.47	65.66	84.98	137.89	196.42
Debt / Equity Ratio	1.75	1.88	2.19	1.85	1.46	0.92
Debt / EBITDA Ratio	8.76	9.09	9.40	10.28	10.60	9.67
Net Debt / Equity Ratio	1.25	1.55	1.82	1.49	1.07	0.31
Net Debt / EBITDA Ratio	6.90	8.33	8.79	9.38	8.80	3.66
Net Debt / FCF Ratio	-31.76	-27.80	-26.95	-6.75	-3.21	-1.06
Asset Turnover	0.14	0.14	0.13	0.13	0.12	0.13
Quick Ratio	2.41	1.23	1.21	1.05	0.89	2.34
Current Ratio	2.51	1.28	1.32	1.13	1.07	2.40
Return on Equity (ROE)	4.84%	-3.52%	-17.72%	-4.41%	-4.53%	-3.52%
Return on Assets (ROA)	1.10%	0.97%	0.67%	0.62%	0.55%	0.95%
Return on Capital Employed (ROCE)	2.00%	1.80%	1.20%	1.10%	1.00%	1.40%
Earnings Yield	9.71%	10.16%	-34.81%	-5.38%	-2.26%	-0.60%
FCF Yield	-1.92%	-3.90%	-11.04%	-19.72%	-15.50%	-6.91%
Payout Ratio	-	1.58%	-	-	-	-
Buyback Yield / Dilution	-21.84%	-0.47%	-0.26%	-0.79%	-15.90%	-13.66%

Updated Nov 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q