Last 44 quarters of trend data · Technology · Cloud & Data Centers
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.33 | 2.47 | 0.98 | — | 3.36 | — | 1.84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | -46.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.37 | 0.63 | 0.76 | 0.58 | 0.83 | 0.59 | 0.52 | 0.58 | 0.36 | 0.15 | 0.12 | 0.16 | 0.20 | 0.20 | 0.36 | 0.39 | 0.34 | 0.66 | 0.80 | 0.98 | 1.25 |
| — | +6.8% | +45.4% | +0.2% | +131.9% | +292.2% | +349.4% | +253.4% | +79.7% | -25.9% | -67.3% | -58.3% | -41.7% | -69.2% | -55.5% | -60.0% | -72.6% | -65.4% | -62.8% | -60.3% | -40.7% | |
| P/B Ratio | 1.10 | 0.23 | 0.32 | 0.24 | 0.36 | 0.27 | 0.23 | 0.19 | 0.15 | 0.07 | 0.06 | 0.08 | 0.09 | 0.09 | 0.15 | 0.16 | 0.13 | 0.26 | 0.29 | 0.35 | 0.39 |
| — | -12.7% | +35.9% | +31.2% | +136.6% | +259.7% | +277.2% | +123.6% | +65.8% | -17.4% | -58.9% | -46.7% | -31.7% | -65.1% | -47.6% | -55.4% | -66.1% | -53.7% | -47.9% | -44.3% | -54.8% | |
| P/FCF | — | 12.04 | — | — | — | — | — | 0.26 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 11.04 | 7.81 | 6.10 | 7.21 | 8.81 | 8.17 | 8.59 | 9.90 | 10.17 | 8.82 | 10.79 | — | 10.94 | 9.29 | 10.46 | 9.41 | 10.02 | 10.44 | 10.56 | 10.22 | 9.39 |
| — | -4.4% | -29.0% | -27.2% | -13.4% | -7.4% | -20.4% | — | -7.0% | -5.0% | +3.1% | — | +9.3% | -11.0% | -1.0% | -7.9% | +6.7% | +1.8% | +11.4% | +5.4% | -24.6% | |
| EV / EBIT | 40.53 | 22.98 | 10.57 | — | 6.17 | 24.43 | 7.33 | 22.20 | 36.29 | 31.49 | 48.93 | — | 102.45 | 38.57 | 60.21 | 23.76 | 54.86 | 62.55 | 63.66 | 59.91 | 49.55 |
| — | -5.9% | +44.3% | — | -83.0% | -22.4% | -85.0% | — | -64.6% | -18.3% | -18.7% | — | +86.7% | -38.3% | -5.4% | -60.3% | +10.7% | +30.8% | +36.3% | +51.2% | +10.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.6% | 19.5% | 33.6% | 21.0% | 22.1% | 23.8% | 23.7% | 18.6% | 21.3% | 22.6% | 21.8% | 16.9% | 17.8% | 22.3% | 20.4% | 20.3% | 20.8% | 20.3% | 21.7% | 22.3% | 22.1% |
| — | -18.0% | +41.9% | +12.6% | +4.0% | +5.3% | +8.4% | +10.1% | +19.8% | +1.2% | +7.0% | -16.7% | -14.7% | +9.9% | -5.9% | -8.9% | -5.8% | -14.1% | -6.8% | -15.5% | -17.6% | |
| Operating Margin | 13.4% | 14.2% | 27.0% | 13.5% | 12.6% | 14.3% | 13.4% | 17.0% | 11.7% | 11.2% | 8.3% | -114.9% | 3.2% | 9.9% | 6.4% | 5.7% | 6.2% | 5.8% | 6.0% | 6.9% | 7.3% |
| — | -0.5% | +101.1% | -20.8% | +7.7% | +28.0% | +60.7% | +114.8% | +263.8% | +13.0% | +30.0% | -2127.3% | -48.4% | +71.5% | +6.3% | -18.4% | -14.6% | -26.9% | -14.8% | -26.8% | -30.4% | |
| Net Margin | 8.3% | 27.0% | 78.7% | -16.0% | 25.1% | -2.5% | 28.0% | 220.2% | -7.3% | -8.0% | -13.2% | -123.8% | -16.7% | -9.2% | -19.7% | -7.4% | -14.3% | -16.2% | -16.6% | -14.4% | -15.8% |
| — | +1185.0% | +180.7% | -107.3% | +442.5% | +68.8% | +312.9% | +277.8% | +56.1% | +12.9% | +33.2% | -1573.5% | -16.5% | +43.6% | -18.4% | +48.8% | +9.0% | -2.2% | -2.6% | +12.7% | -18.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.7% | 2.5% | 8.8% | -1.7% | 2.8% | -0.3% | 3.2% | 17.3% | -0.8% | -1.1% | -1.7% | -15.0% | -1.9% | -1.0% | -2.0% | -0.7% | -1.4% | -1.5% | -1.5% | -1.2% | -1.3% |
| — | +978.9% | +178.0% | -109.9% | +443.5% | +72.7% | +283.1% | +215.0% | +57.6% | -5.3% | +14.3% | -1944.9% | -33.8% | +34.9% | -34.1% | +41.0% | -12.7% | -35.6% | -42.4% | +6.6% | +11.5% | |
| ROA | 1.2% | 1.0% | 3.2% | -0.6% | 0.9% | -0.1% | 1.0% | 5.4% | -0.2% | -0.3% | -0.5% | -4.2% | -0.5% | -0.3% | -0.6% | -0.2% | -0.5% | -0.5% | -0.5% | -0.5% | -0.5% |
| — | +1136.9% | +211.6% | -111.0% | +486.3% | +67.5% | +325.2% | +228.3% | +56.5% | +0.2% | +25.8% | -1660.7% | -20.0% | +41.8% | -22.5% | +48.8% | +10.9% | -2.2% | -5.8% | +13.3% | -7.3% | |
| ROIC | 1.9% | 0.5% | 1.1% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.3% | -3.7% | 0.1% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | -1.9% | +139.6% | +26.8% | +27.3% | +35.7% | +63.3% | +110.4% | +263.1% | +27.2% | +45.2% | -2253.9% | -49.2% | +68.1% | +2.5% | -24.6% | -22.8% | -35.3% | -26.1% | -35.0% | -37.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.71 | 1.43 | 1.45 | 1.71 | 1.75 | 1.87 | 1.80 | 1.88 | 2.05 | 2.19 | 2.51 | 2.19 | 2.17 | 2.14 | 2.13 | 1.85 | 1.80 | 1.77 | 1.72 | 1.54 | 1.21 |
| — | -23.7% | -19.0% | -8.8% | -14.4% | -14.9% | -28.5% | -14.1% | -5.8% | +2.5% | +17.7% | +18.4% | +20.7% | +21.2% | +24.2% | +19.9% | +48.9% | +51.9% | +75.1% | +60.6% | -24.2% | |
| Debt / EBITDA | 9.32 | 36.77 | 27.02 | 34.26 | 38.39 | 37.60 | 35.92 | 42.95 | 45.80 | 42.19 | 49.57 | — | 49.48 | 42.68 | 48.68 | 42.21 | 46.28 | 45.07 | 46.78 | 42.40 | 37.30 |
| — | -2.2% | -24.8% | -20.2% | -16.2% | -10.9% | -27.5% | — | -7.4% | -1.2% | +1.8% | — | +6.9% | -5.3% | +4.0% | -0.5% | +24.1% | +16.9% | +22.1% | +9.0% | -3.2% | |
| Current Ratio | 2.60 | 1.78 | 1.87 | 2.60 | 2.51 | 2.00 | 1.47 | 1.28 | 1.19 | 1.39 | 1.13 | 1.32 | 1.52 | 1.25 | 1.29 | 1.13 | 1.11 | 1.08 | 1.10 | 1.07 | 1.42 |
| — | -10.7% | +27.3% | +103.4% | +110.6% | +43.5% | +30.2% | -3.3% | -21.6% | +11.1% | -12.9% | +17.3% | +36.5% | +15.9% | +17.8% | +4.9% | -21.5% | -39.0% | -51.4% | -55.2% | +17.4% | |
| Quick Ratio | 2.60 | 1.78 | 1.87 | 2.60 | 2.51 | 2.00 | 1.47 | 1.28 | 1.19 | 1.39 | 1.13 | 1.32 | 1.52 | 1.25 | 1.29 | 1.13 | 1.11 | 1.08 | 1.10 | 1.07 | 1.42 |
| — | -10.7% | +27.3% | +103.4% | +110.6% | +43.5% | +30.2% | -3.3% | -21.6% | +11.1% | -12.9% | +17.3% | +36.5% | +15.9% | +17.8% | +4.9% | -21.5% | -39.0% | -51.4% | -54.6% | +17.4% | |
| Interest Coverage | 1.40 | 1.20 | 2.64 | -1.95 | 4.65 | 1.05 | 3.25 | 1.21 | 0.67 | 0.66 | 0.44 | -45.06 | 0.21 | 0.57 | 0.36 | 0.88 | 0.39 | 0.33 | 0.34 | 0.34 | 0.41 |
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Includes 30+ ratios · 44 years · Updated daily
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Quick answers to the most common questions about buying GDS stock.
GDS Holdings Limited's current P/E is 10.3x. The average P/E over the last 3 quarters is 2.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
GDS Holdings Limited's current operating margin is 13.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking GDS Holdings Limited's business trajectory between earnings reports.