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GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia via the now 38% owned DayOne. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
2006
2.3K+
LTM Revenue $1.5B
LTM EBITDA $697M
$9.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
GDS Holdings has a last 12-month revenue (LTM) of $1.5B and a last 12-month EBITDA of $697M.
In the most recent fiscal year, GDS Holdings achieved revenue of $1.3B and an EBITDA of $595M.
GDS Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
See GDS Holdings valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.5B | XXX | $1.3B | XXX | XXX | XXX |
| Gross Profit | $318M | XXX | $284M | XXX | XXX | XXX |
| Gross Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | $697M | XXX | $595M | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 45% | XXX | XXX | XXX |
| EBIT | $174M | XXX | $151M | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $280M | XXX | $437M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 33% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $3.4B | XXX | XXX | XXX |
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As of May 30, 2025, GDS Holdings's stock price is HKD 24 (or $3).
GDS Holdings has current market cap of HKD 35.1B (or $4.5B), and EV of HKD 75.8B (or $9.7B).
See GDS Holdings trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9.7B | $4.5B | XXX | XXX | XXX | XXX | $0.03 |
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Start Free TrialAs of May 30, 2025, GDS Holdings has market cap of $4.5B and EV of $9.7B.
GDS Holdings's trades at 7.3x EV/Revenue multiple, and 16.2x EV/EBITDA.
Equity research analysts estimate GDS Holdings's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
GDS Holdings has a P/E ratio of 16.0x.
See valuation multiples for GDS Holdings and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4.5B | XXX | $4.5B | XXX | XXX | XXX |
| EV (current) | $9.7B | XXX | $9.7B | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | 7.3x | XXX | XXX | XXX |
| EV/EBITDA | 13.9x | XXX | 16.2x | XXX | XXX | XXX |
| EV/EBIT | 55.4x | XXX | 64.2x | XXX | XXX | XXX |
| EV/Gross Profit | 30.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 16.0x | XXX | 10.2x | XXX | XXX | XXX |
| EV/FCF | -216.7x | XXX | -57.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialGDS Holdings's last 12 month revenue growth is 14%
GDS Holdings's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
GDS Holdings's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
GDS Holdings's rule of X is 82% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for GDS Holdings and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 47% | XXX | 45% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 106% | XXX | XXX | XXX |
| Rule of 40 | 28% | XXX | 59% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 82% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 10% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| Ctac | XXX | XXX | XXX | XXX | XXX | XXX |
| Mastech Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| Atturra | XXX | XXX | XXX | XXX | XXX | XXX |
| Bravura Solutions | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
GDS Holdings acquired XXX companies to date.
Last acquisition by GDS Holdings was XXXXXXXX, XXXXX XXXXX XXXXXX . GDS Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was GDS Holdings founded? | GDS Holdings was founded in 2006. |
| Where is GDS Holdings headquartered? | GDS Holdings is headquartered in Hong Kong. |
| How many employees does GDS Holdings have? | As of today, GDS Holdings has 2.3K+ employees. |
| Who is the CEO of GDS Holdings? | GDS Holdings's CEO is Mr. Wei William Huang. |
| Is GDS Holdings publicy listed? | Yes, GDS Holdings is a public company listed on HKG. |
| What is the stock symbol of GDS Holdings? | GDS Holdings trades under 09698 ticker. |
| When did GDS Holdings go public? | GDS Holdings went public in 2020. |
| Who are competitors of GDS Holdings? | Similar companies to GDS Holdings include e.g. , Ctac, Mastech Digital, Atturra. |
| What is the current market cap of GDS Holdings? | GDS Holdings's current market cap is $4.5B |
| What is the current revenue of GDS Holdings? | GDS Holdings's last 12 months revenue is $1.5B. |
| What is the current revenue growth of GDS Holdings? | GDS Holdings revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of GDS Holdings? | Current revenue multiple of GDS Holdings is 6.5x. |
| Is GDS Holdings profitable? | Yes, GDS Holdings is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of GDS Holdings? | GDS Holdings's last 12 months EBITDA is $697M. |
| What is GDS Holdings's EBITDA margin? | GDS Holdings's last 12 months EBITDA margin is 47%. |
| What is the current EV/EBITDA multiple of GDS Holdings? | Current EBITDA multiple of GDS Holdings is 13.9x. |
| What is the current FCF of GDS Holdings? | GDS Holdings's last 12 months FCF is -$44.6M. |
| What is GDS Holdings's FCF margin? | GDS Holdings's last 12 months FCF margin is -3%. |
| What is the current EV/FCF multiple of GDS Holdings? | Current FCF multiple of GDS Holdings is -216.7x. |
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