GDS Holdings (GDS) FCF Margin (2015 - 2026)
GDS Holdings (GDS) reported FCF Margin of 45.70% for the quarter ended Jun 30, 2026, down 27.74 percentage points from 73.44% a year earlier but up 9.54 percentage points from the prior quarter.
GDS Holdings (GDS) FCF Margin (2015 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, GDS Holdings' FCF Margin came in at 54.29%, down 23.85 percentage points year-over-year; for the year ended Dec 31, 2025, it was 69.77%, up 22.43 percentage points from the prior year.
- FCF Margin has a five-year change of +203.93 percentage points (years ended Dec 2020 to Dec 2025).
- By year, FCF Margin came in at 47.34% in the year ended Dec 31, 2024 (-33.70 pp), 81.04% in the year ended Dec 31, 2023 (-33.29 pp), 114.33% in the year ended Dec 31, 2022 (-25.09 pp) and 139.42% in the year ended Dec 31, 2021 (+273.58 pp).
- Five-year quarterly FCF Margin spans a low of 36.17% in the quarter ended Mar 31, 2026 and a high of 178.68% in the quarter ended Sep 30, 2021.
- Year over year, FCF Margin gained in three of the last eight quarters, with an average year-over-year change of -9.71 percentage points.
- The high point for year-over-year FCF Margin in five years was the quarter ended Dec 31, 2021 (a gain of 248.12 percentage points); the low point was the quarter ended Sep 30, 2022 (a drop of 75.99 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 36.17% (quarter ended Mar 31, 2026), 64.97% (quarter ended Dec 31, 2025) and 74.76% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 21.82% |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 13.80% |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | 9.71% |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | -23.31% |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 1,357.29% |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | -223.03% |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 48.96% |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 36.66% |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 33.70% |
| 10 | GDS Holdings | 4.27 Bn | -4.01 Bn | 97.55 Mn | 45.86% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.86% |
| Mar 31, 2026 | 36.17% |
| Dec 31, 2025 | 64.97% |
| Sep 30, 2025 | 74.76% |
| Jun 30, 2025 | 73.44% |
| Mar 31, 2025 | 65.71% |
| Dec 31, 2024 | 48.71% |
| Sep 30, 2024 | 54.58% |
| Jun 30, 2024 | 52.15% |
| Mar 31, 2024 | 33.63% |
| Dec 31, 2023 | 49.97% |
| Sep 30, 2023 | 78.95% |
| Jun 30, 2023 | 86.96% |
| Mar 31, 2023 | 79.41% |
| Dec 31, 2022 | 126.58% |
| Sep 30, 2022 | 98.75% |
| Jun 30, 2022 | 145.59% |
| Mar 31, 2022 | 85.44% |
| Dec 31, 2021 | 124.35% |
| Sep 30, 2021 | 179.40% |
GDS Holdings FCF Margin 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=fcf-margin&ticker=GDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=GDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();