GDS Holdings Ltd (GDS) — Free Cash Flow Generation Index
GDS Holdings Ltd (GDS) has a Free Cash Flow Generation Index of -0.72x as of March 2026. Free cash flow of $-322.35 Million represents -1% of operating cash flow ($447.69 Million). Explore GDS capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
GDS Holdings Ltd Free Cash Flow Generation Index (2014–2025)
Historical FCF Generation Index trend for GDS Holdings Ltd across 8 annual periods. For the full cash flow conversion analysis, see GDS cash generation efficiency.
Annual Free Cash Flow Generation for GDS Holdings Ltd (2014–2025)
Year-by-year Free Cash Flow Generation Index for GDS Holdings Ltd. Check GDS Holdings Ltd cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | -0.39x | $-1.33 Billion | $3.37 Billion | $4.69 Billion | ▲ +41.9% |
| 2024 | -0.68x | $-1.32 Billion | $1.94 Billion | $3.25 Billion | ▲ +66.5% |
| 2023 | -2.03x | $-4.19 Billion | $2.07 Billion | $6.25 Billion | ▼ -17.2% |
| 2022 | -1.73x | $-4.95 Billion | $2.86 Billion | $7.80 Billion | ▲ +75.5% |
| 2021 | -7.07x | $-8.50 Billion | $1.20 Billion | $9.70 Billion | ▲ +70.5% |
| 2020 | -24.00x | $-7.70 Billion | $320.89 Million | $8.02 Billion | ▼ -65.3% |
| 2019 | -14.51x | $-4.26 Billion | $293.44 Million | $4.55 Billion | ▼ -84.0% |
| 2014 | -7.89x | $-220.41 Million | $27.94 Million | $248.35 Million | — |