Recent News
On November 25, 2025, GDS registered a sharp jump in Relative Strength (RS) rating to the low-80s, highlighting improved price performance against peers. On December 21, 2025, analyst consensus price-target averages rose, lifting the one-year mean target modestly above recent trading levels.
Technical Analysis
Trend Strength (ADX & Directional): ADX at 36.87 signals a strong trend strength; DI+ shows a dip & reversal while DI- shows a peak & reversal, both signaling bullish directional alignment that supports the near-term upside bias.
Momentum (MACD): MACD displays a dip & reversal and currently sits at 2.37 above its signal line at 1.86, confirming a bullish momentum shift that reinforces the immediate upward price bias.
MRO (Momentum/Regression Oscillator): MRO reads 35.33 with a peak & reversal; the positive MRO implies price sits above the modeled target and may face mean-reversion pressure, introducing a countervailing factor to momentum-driven gains.
RSI: RSI at 58.93 with a dip & reversal indicates renewed upward momentum without overbought extremes, supporting further appreciation while leaving room before overbought thresholds.
Price vs Moving Averages: Last close $47.14 trades above the 12‑day EMA ($43.36, increasing), the 20‑day average ($43.02), the 50‑day average ($36.80) and the 200‑day average ($33.16), a configuration that favors continued near-term strength; the 12‑day EMA increasing reinforces the momentum interpretation.
Bands, Volatility & Support/Resistance: Price sits between the Bollinger 1x and 2x upper bands (upper1x $45.95; upper2x $48.88), implying elevated near-term volatility and proximity to resistance. SuperTrend lower support at $41.58 offers a defined technical floor for short-term consolidation.
Volume & Beta: Recent volume (~2.52M) sits slightly above the 10‑day average (~2.42M) and higher than 50/200‑day averages, suggesting constructive buying interest on the technical turn; 42‑day beta 1.89 and 52‑week beta 1.55 reflect above‑market volatility that magnifies moves in both directions.
Fundamental Analysis
Profitability: EBIT $1,747,123,000 and EBIT margin 60.51% stand markedly above the industry peer range (industry peer mean ~11.69%, median ~11.97%, high ~19.72%), indicating exceptional operating profitability on reported results. Operating margin 12.55% and gross margin 22.14% reflect healthy operating leverage relative to revenue of $2,887,126,000.
Earnings & Surprise: Reported EPS $3.21 versus consensus estimate $‑0.55 produces an EPS surprise of roughly 683.6%, a material beat that materially repositions near-term profitability expectations; the company reported third-quarter results on November 19, 2025.
Revenue and Growth Rates: Revenue growth registered at ‑1.09% year‑over‑year and ‑1.07% quarter‑over‑quarter, indicating slight contraction in top‑line activity despite margin expansion; earnings growth shows a 4.37% annual increase, with QoQ earnings down ~4.91%.
Cash Flow & Liquidity: Operating cash flow $736,502,000 and cash & short‑term investments $13,443,679,000 provide liquidity headroom; cash conversion ratio 27.78% and current ratio 2.51x point to solid near‑term coverage. Free cash flow negative $685,326,000 reflects ongoing capital intensity, though free‑cash growth shows 71.47% YoY improvement.
Leverage: Total debt $46,964,470,000 with net debt $24,373,551,000 produces debt‑to‑assets ~59.74% and debt‑to‑equity ~183.46%, while debt‑to‑EBITDA sits near 18.0x—elevated leverage that increases sensitivity to cash‑flow shifts and supports cautious capitalization monitoring.
Returns: Return on equity ~2.84% and return on assets ~0.92% remain low in absolute terms despite strong EBIT margin, reflecting heavy asset base and capital intensity inherent to data‑center operations; return on invested capital ~2.39% tracks similarly.
Valuation: WMDST values the stock as under‑valued. The valuation reflects a combination of outsized operating margins and elevated leverage; price target mean provided in market data sits near $52.00, offering context for upside potential relative to current levels.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-19 |
| NEXT REPORT DATE: | 2026-02-18 |
| CASH FLOW | Begin Period Cash Flow | $ 13.3 B |
| Operating Cash Flow | $ 736.5 M | |
| Capital Expenditures | $ -1.42 B | |
| Change In Working Capital | $ -41.82 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 265.3 M | |
| End Period Cash Flow | $ 13.6 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 2.9 B | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | $ 2.2 B | |
| Depreciation | $ 860.9 M | |
| Depreciation and Amortization | $ 860.9 M | |
| Research and Development | $ 8.3 M | |
| Total Operating Expenses | $ 2.5 B | |
| PROFITABILITY | ||
| Gross Profit | $ 639.2 M | |
| EBITDA | $ 2.6 B | |
| EBIT | $ 1.7 B | |
| Operating Income | $ 362.4 M | |
| Interest Income | — | |
| Interest Expense | $ 375.5 M | |
| Net Interest Income | $ -375.47 M | |
| Income Before Tax | $ 1.4 B | |
| Tax Provision | $ 181.9 M | |
| Tax Rate | 13.26 % | |
| Net Income | $ 726.0 M | |
| Net Income From Continuing Operations | $ 728.6 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.55 | |
| EPS Actual | $ 3.21 | |
| EPS Difference | $ 3.76 | |
| EPS Surprise | 683.636 % | |
| Forward EPS | $ -0.01 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 78.6 B | |
| Intangible Assets | $ 5.6 B | |
| Net Tangible Assets | $ 21.1 B | |
| Total Current Assets | $ 17.3 B | |
| Cash and Short-Term Investments | $ 13.4 B | |
| Cash | $ 13.4 B | |
| Net Receivables | $ 2.9 B | |
| Inventory | — | |
| Long-Term Investments | $ 3.1 B | |
| LIABILITIES | ||
| Accounts Payable | $ 1.9 B | |
| Short-Term Debt | $ 2.6 B | |
| Total Current Liabilities | $ 6.9 B | |
| Net Debt | $ 24.4 B | |
| Total Debt | $ 47.0 B | |
| Total Liabilities | $ 51.8 B | |
| EQUITY | ||
| Total Equity | $ 25.6 B | |
| Retained Earnings | $ -4.63 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | — | |
| Shares Outstanding | — | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | — |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 3.071 | |
| Asset To Liability | 1.517 | |
| Debt To Capital | 0.647 | |
| Debt To Assets | 0.597 | |
| Debt To Assets QoQ | -1.011 % | |
| Debt To Assets YoY | 715.173 % | |
| Debt To Assets IPRWA | high: 0.964 GDS: 0.597 mean: 0.215 median: 0.125 low: 0.007 |
|
| Debt To Equity | 1.835 | |
| Debt To Equity QoQ | -6.345 % | |
| Debt To Equity YoY | 466.02 % | |
| Debt To Equity IPRWA | high: 3.734 GDS: 1.835 mean: 0.445 median: 0.218 low: -1.168 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | — | |
| Price To Book QoQ | — | |
| Price To Book YoY | — | |
| Price To Book IPRWA | — | |
| Price To Earnings (P/E) | -13.903 | |
| Price To Earnings QoQ | -80.13 % | |
| Price To Earnings YoY | -1117.508 % | |
| Price To Earnings IPRWA | high: 222.024 mean: 80.883 median: 69.265 GDS: -13.903 low: -68.555 |
|
| PE/G Ratio | -0.032 | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | -233.018 | |
| Forward PE/G | -0.533 | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -685.049 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.037 | |
| Asset Turnover Ratio QoQ | -3.711 % | |
| Asset Turnover Ratio YoY | -0.381 % | |
| Asset Turnover Ratio IPRWA | high: 0.543 median: 0.269 mean: 0.258 low: 0.062 GDS: 0.037 |
|
| Receivables Turnover | 0.994 | |
| Receivables Turnover Ratio QoQ | 2.311 % | |
| Receivables Turnover Ratio YoY | 19.841 % | |
| Receivables Turnover Ratio IPRWA | high: 4.247 mean: 1.604 median: 1.316 GDS: 0.994 low: 0.366 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 91.784 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -3.259 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 85.55 median: 41.603 mean: 40.606 GDS: -3.259 low: -76.001 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.278 | |
| CapEx To Revenue | -0.492 | |
| CapEx To Depreciation | -1.651 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 61.8 B | |
| Net Invested Capital | $ 63.4 B | |
| Invested Capital | $ 63.4 B | |
| Net Tangible Assets | $ 21.1 B | |
| Net Working Capital | $ 10.4 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.957 | |
| Current Ratio | 2.513 | |
| Current Ratio QoQ | 25.85 % | |
| Current Ratio YoY | 110.565 % | |
| Current Ratio IPRWA | high: 3.07 GDS: 2.513 mean: 1.581 median: 1.42 low: 0.345 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 18.007 | |
| Cost Of Debt | 0.687 % | |
| Interest Coverage Ratio | 4.653 | |
| Interest Coverage Ratio QoQ | 343.19 % | |
| Interest Coverage Ratio YoY | 747.073 % | |
| Interest Coverage Ratio IPRWA | high: 63.267 mean: 20.735 median: 19.06 GDS: 4.653 low: -51.208 |
|
| Operating Cash Flow Ratio | 0.128 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 95.043 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.745 % | |
| Revenue Growth | -0.454 % | |
| Revenue Growth QoQ | -106.979 % | |
| Revenue Growth YoY | -109.209 % | |
| Revenue Growth IPRWA | high: 8.642 % mean: 0.209 % GDS: -0.454 % median: -0.742 % low: -9.629 % |
|
| Earnings Growth | 436.957 % | |
| Earnings Growth QoQ | -490.96 % | |
| Earnings Growth YoY | -123.54 % | |
| Earnings Growth IPRWA | GDS: 436.957 % high: 93.333 % mean: -20.112 % median: -35.53 % low: -162.5 % |
|
| MARGINS | ||
| Gross Margin | 22.141 % | |
| Gross Margin QoQ | -6.79 % | |
| Gross Margin YoY | -0.045 % | |
| Gross Margin IPRWA | high: 68.885 % median: 31.887 % mean: 31.339 % GDS: 22.141 % low: 2.919 % |
|
| EBIT Margin | 60.514 % | |
| EBIT Margin QoQ | 312.755 % | |
| EBIT Margin YoY | 510.636 % | |
| EBIT Margin IPRWA | GDS: 60.514 % high: 19.722 % median: 11.971 % mean: 11.692 % low: -9.64 % |
|
| Return On Sales (ROS) | 12.552 % | |
| Return On Sales QoQ | -12.193 % | |
| Return On Sales YoY | 26.66 % | |
| Return On Sales IPRWA | high: 18.799 % GDS: 12.552 % mean: 12.208 % median: 10.395 % low: -5.051 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -685.33 M | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | 71.471 % | |
| Free Cash Growth QoQ | -3.854 % | |
| Free Cash Growth YoY | 43.47 % | |
| Free Cash Growth IPRWA | high: 560.368 % GDS: 71.471 % mean: 51.026 % median: 8.277 % low: -866.027 % |
|
| Free Cash To Net Income | -0.944 | |
| Cash Flow Margin | 30.561 % | |
| Cash Flow To Earnings | 1.215 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | 0.92 % | |
| Return On Assets QoQ | -1068.421 % | |
| Return On Assets YoY | -486.555 % | |
| Return On Assets IPRWA | high: 5.843 % median: 1.97 % mean: 1.908 % GDS: 0.92 % low: -5.216 % |
|
| Return On Capital Employed (ROCE) | 2.435 % | |
| Return On Equity (ROE) | 0.028 | |
| Return On Equity QoQ | -1058.108 % | |
| Return On Equity YoY | -374.54 % | |
| Return On Equity IPRWA | high: 0.176 mean: 0.045 median: 0.043 GDS: 0.028 low: -0.101 |
|
| DuPont ROE | 2.904 % | |
| Return On Invested Capital (ROIC) | 2.39 % | |
| Return On Invested Capital QoQ | 371.4 % | |
| Return On Invested Capital YoY | -128.623 % | |
| Return On Invested Capital IPRWA | high: 9.634 % mean: 3.595 % median: 3.447 % GDS: 2.39 % low: -1.884 % |
|