GDS Holdings (GDS) Construction in Progress (2015 - 2025)
GDS Holdings (GDS) recorded Construction in Progress of $795.24 million in the quarter ended Dec 31, 2025, down 13.0% from $913.88 million a year earlier.
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Analysis
GDS Holdings (GDS) Construction in Progress (2015 - 2025) Analysis & Trends
As of Dec 31, 2025, GDS Holdings reported Construction in Progress of $784.86 million, down 14.1% from the prior year.
- Annual Construction in Progress has declined for three straight years, with a five-year compound annual growth rate of -0.2% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Construction in Progress came in at $913.58 million in the year ended Dec 31, 2024 (-24.0%), $1.2 billion in the year ended Dec 31, 2023 (-21.0%), $1.52 billion in the year ended Dec 31, 2022 (+34.5%) and $1.13 billion in the year ended Dec 31, 2021 (+42.6%).
- The figure for the quarter ended Dec 31, 2025 is the lowest quarterly Construction in Progress since the quarter ended Dec 31, 2020.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.85 Bn | 3,873.01 Bn | 60.48 Bn | - |
| 2 | International Business Machines | 228.00 Bn | 178.81 Bn | 9.91 Bn | - |
| 3 | Cloudflare | 103.51 Bn | 87.04 Bn | 499.52 Mn | - |
| 4 | Equinix | 97.35 Bn | 85.92 Bn | 1.40 Bn | - |
| 5 | Nebius | 41.52 Bn | 14.95 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 34.23 Bn | 21.32 Bn | 1.70 Bn | - |
| 7 | Verisign | 27.83 Bn | 25.04 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.34 Bn | 10.03 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 14.21 Bn | 9.79 Bn | 828.20 Mn | - |
| 10 | GDS Holdings | 4.44 Bn | -3.84 Bn | 97.55 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 806.21 Mn |
| Dec 31, 2024 | 899.48 Mn |
| Dec 31, 2023 | 1.22 Bn |
| Dec 31, 2022 | 1.56 Bn |
| Dec 31, 2021 | 1.14 Bn |
| Dec 31, 2020 | 806.37 Mn |
| Jun 30, 2020 | 477.00 Mn |
| Dec 31, 2019 | 458.10 Mn |
| Sep 30, 2019 | 343.73 Mn |
| Dec 31, 2018 | 382.73 Mn |
| Dec 31, 2017 | 298.83 Mn |
| Sep 30, 2017 | 232.13 Mn |
| Dec 31, 2016 | 100.41 Mn |
| Dec 31, 2015 | 62.41 Mn |
API Access
GDS Holdings Construction in Progress API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=construction-in-progress&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "construction-in-progress", "ticker": "GDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=construction-in-progress&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();