GDS Holdings Ltd (GDS) - Net Assets
Based on the latest financial reports, GDS Holdings Ltd (GDS) has net assets worth $33.26 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($85.82 Billion) and total liabilities ($52.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check GDS capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $33.26 Billion |
| % of Total Assets | 38.75% |
| Annual Growth Rate | 26.19% |
| 5-Year Change | 13.13% |
| 10-Year Change | 829.35% |
| Growth Volatility | 46.32 |
GDS Holdings Ltd - Net Assets Trend (2014–2025)
This chart illustrates how GDS Holdings Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GDS market cap overview.
Annual Net Assets for GDS Holdings Ltd (2014–2025)
The table below shows the annual net assets of GDS Holdings Ltd from 2014 to 2025. Also explore how fast is GDS Holdings Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $27.75 Billion | +17.26% |
| 2024-12-31 | $23.67 Billion | +17.62% |
| 2023-12-31 | $20.12 Billion | -16.79% |
| 2022-12-31 | $24.18 Billion | -1.42% |
| 2021-12-31 | $24.53 Billion | -4.04% |
| 2020-12-31 | $25.57 Billion | +148.37% |
| 2019-12-31 | $10.29 Billion | +86.41% |
| 2018-12-31 | $5.52 Billion | +23.38% |
| 2017-12-31 | $4.48 Billion | +49.86% |
| 2016-12-31 | $2.99 Billion | +45.34% |
| 2015-12-31 | $2.05 Billion | -4.32% |
| 2014-12-31 | $2.15 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to GDS Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 461430400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $562.35K | 0.00% |
| Other Comprehensive Income | $-829.85 Million | -3.09% |
| Other Components | $32.78 Billion | 122.07% |
| Total Equity | $26.86 Billion | 100.00% |
GDS Holdings Ltd Competitors by Market Cap
The table below lists competitors of GDS Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grinm Advanced Materials Co Ltd
SHG:600206
|
$6.39 Billion |
|
Life Time Group Holdings Inc
NYSE:LTH
|
$6.41 Billion |
|
Grupo Financiero Galicia S.A.
BA:GGAL
|
$6.41 Billion |
|
The Swatch Group AG
SW:UHR
|
$6.41 Billion |
|
VOESTALPINE ADR 1/5/O.N.
F:VASS
|
$6.39 Billion |
|
Uranium Energy Corp
NYSE MKT:UEC
|
$6.38 Billion |
|
F.N.B. Corp
NYSE:FNB
|
$6.38 Billion |
|
First International Bank of Israel Ltd
TA:FIBI
|
$6.38 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GDS Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,538,702,000 to 26,856,766,000, a change of 3,318,064,000 (14.1%).
- Net income of 949,643,000 contributed positively to equity growth.
- Dividend payments of 54,124,000 reduced retained earnings.
- New share issuances of 1,023,697,000 increased equity.
- Other comprehensive income increased equity by 264,530,000.
- Other factors increased equity by 1,134,318,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $949.64 Million | +3.54% |
| Dividends Paid | $54.12 Million | -0.2% |
| Share Issuances | $1.02 Billion | +3.81% |
| Other Comprehensive Income | $264.53 Million | +0.98% |
| Other Changes | $1.13 Billion | +4.22% |
| Total Change | $- | 14.10% |
Book Value vs Market Value Analysis
This analysis compares GDS Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.25x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.05x to 0.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $630.49 | $32.79 | x |
| 2015-12-31 | $42.56 | $32.79 | x |
| 2016-12-31 | $79.88 | $32.79 | x |
| 2017-12-31 | $45.64 | $32.79 | x |
| 2018-12-31 | $44.61 | $32.79 | x |
| 2019-12-31 | $74.66 | $32.79 | x |
| 2020-12-31 | $155.70 | $32.79 | x |
| 2021-12-31 | $134.76 | $32.79 | x |
| 2022-12-31 | $131.48 | $32.79 | x |
| 2023-12-31 | $108.75 | $32.79 | x |
| 2024-12-31 | $127.66 | $32.79 | x |
| 2025-12-31 | $130.65 | $32.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GDS Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.31%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 2.98x
- Recent ROE (3.54%) is above the historical average (-4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -6.05% | -27.76% | 0.12x | 1.79x | $-344.75 Million |
| 2015 | -4.80% | -14.01% | 0.14x | 2.50x | $-304.06 Million |
| 2016 | -9.26% | -26.18% | 0.13x | 2.75x | $-575.06 Million |
| 2017 | -7.30% | -20.23% | 0.12x | 2.94x | $-774.45 Million |
| 2018 | -7.79% | -15.41% | 0.13x | 3.78x | $-982.46 Million |
| 2019 | -4.29% | -10.72% | 0.13x | 3.06x | $-1.47 Billion |
| 2020 | -2.68% | -11.94% | 0.10x | 2.24x | $-3.24 Billion |
| 2021 | -4.85% | -15.18% | 0.11x | 2.93x | $-3.63 Billion |
| 2022 | -5.27% | -13.61% | 0.12x | 3.11x | $-3.68 Billion |
| 2023 | -21.50% | -43.09% | 0.13x | 3.73x | $-6.29 Billion |
| 2024 | 14.04% | 32.01% | 0.14x | 3.13x | $949.96 Million |
| 2025 | 3.54% | 8.31% | 0.14x | 2.98x | $-1.74 Billion |
Industry Comparison
This section compares GDS Holdings Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $719,353,804
- Average return on equity (ROE) among peers: -16.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GDS Holdings Ltd (GDS) | $33.26 Billion | -6.05% | 1.58x | $6.39 Billion |
| Accenture plc (ACN) | $3.27 Billion | 54.38% | 2.92x | $107.58 Billion |
| AIOS Tech Inc. (AIOS) | $184.60 Million | 16.46% | 0.48x | $40.99 Million |
| Alithya Group Inc (ALYAF) | $199.75 Million | -15.07% | 1.24x | $75.13 Million |
| Applied Digital Corporation (APLD) | $124.83 Million | -119.58% | 5.11x | $7.31 Billion |
| ARB IOT Group Limited Ordinary Shares (ARBB) | $318.84 Million | 8.10% | 0.24x | $7.98 Million |
| ASGN Inc (ASGN) | $246.74 Million | 9.85% | 0.66x | $897.55 Million |
| Aurora Innovation Inc (AUR) | $486.70 Million | -43.97% | 0.27x | $8.73 Billion |
| BigBearai Holdings Inc (BBAI) | $122.37 Million | -100.97% | 2.13x | $1.34 Billion |
| Broadridge Financial Solutions Inc (BR) | $2.17 Billion | 32.20% | 2.80x | $18.21 Billion |
| BIT Mining Limited (BTCM) | $66.78 Million | -9.91% | 0.29x | $18.91 Million |
About GDS Holdings Ltd
GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China. It provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operati… Read more