GDS
GDS Holdings Limited
GDS's outlook is improving, though it still trails on the overall score.
PLTR
Palantir Technologies Inc.
PLTR has the edge over GDS overall, supported by stronger valuation and stronger fundamentals.
GDS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
GDS's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
PLTR Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
PLTR's revenue, profitability, cash flow and balance sheet are all currently strong.
GDS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.8x | $20.05 | — |
| Cheap | 11x | $22.42 | +12% |
| Fair | 21x | $43.89 | +119% |
| Expensive | 52x | $106 | +430% |
Historical ranges are pointers, not guarantees.
GDS has the edge over PLTR in the historical PE scenario, which offers more potential upside but is not a forecast.
PLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 75x | $172 | — |
| Current | 120x | $172 | — |
| Cheap | 165x | $236 | +37% |
| Fair | 251x | $359 | +109% |
| Expensive | 452x | $646 | +277% |
Historical ranges are pointers, not guarantees.
PLTR's PE is in its cheap range at 120x. If earnings grow as analysts expect, today's price would be 75x next year's earnings.
GDS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect GDS to return to profit, with revenue growing.
PLTR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for PLTR, with profitability improving.
GDS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$3.24 | -$2.14 |
| Q2 2024 | -$3.43 | -$2.40 |
| Q1 2024 | -$3.43 | -$2.27 |
| Q4 2023 | -$3.54 | -$2.30 |
| Q3 2023 | -$1.10 | +$0.27 |
| Q2 2023 | -$1.03 | +$0.33 |
| Q1 2023 | -$1.16 | +$0.14 |
| Q4 2022 | -$1.24 | -$0.16 |
PLTR has the stronger earnings trend. Trailing diluted EPS is down 40% for GDS versus PLTR up 240%.
PLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.30 | +61% |
| Q3 2026 | $1.43 | +240% |
| Q2 2026 | $1.17 | +290% |
| Q1 2026 | $0.89 | +287% |
| Q4 2025 | $0.63 | +232% |
| Q3 2025 | $0.42 | +110% |
| Q2 2025 | $0.30 | +76% |
| Q1 2025 | $0.23 | +92% |
| Q4 2024 | $0.19 | +111% |
PLTR's earnings per share have climbed steadily: $1.43 over the past year, about three times what it earned the year before, and higher year over year every quarter since late 2021.
GDS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $462.1M | +6.2% |
| Q1 2026 | $505.3M | +24% |
| Q4 2025 | $438.5M | +54% |
| Q3 2025 | $433.3M | +10% |
| Q2 2025 | $435.2M | +2.6% |
| Q1 2025 | $408.7M | +3.6% |
| Q4 2024 | $285.5M | -26% |
| Q3 2024 | $393.1M | +4% |
GDS's revenue has grown year over year for six quarters in a row: $462M last quarter, up 6.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | -0.1 points |
| Q1 2026 | 27% | +14 points |
| Q4 2025 | 13% | -3.5 points |
| Q3 2025 | 13% | +0.9 points |
| Q2 2025 | 14% | +3.1 points |
| Q1 2025 | 13% | +5.1 points |
| Q4 2024 | 17% | +132 points |
| Q3 2024 | 12% | +8.4 points |
GDS's operating margin was 14% last quarter, about level with the same quarter a year ago.
PLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +96% |
| Q2 2026 | $1.9B | +93% |
| Q1 2026 | $1.6B | +85% |
| Q4 2025 | $1.4B | +70% |
| Q3 2025 | $1.2B | +63% |
| Q2 2025 | $1B | +48% |
| Q1 2025 | $883.9M | +39% |
| Q4 2024 | $827.5M | +36% |
PLTR has the edge over GDS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +14 points |
| Q2 2026 | 47% | +20 points |
| Q1 2026 | 46% | +26 points |
| Q4 2025 | 41% | +40 points |
| Q3 2025 | 33% | +18 points |
| Q2 2025 | 27% | +11 points |
| Q1 2025 | 20% | +7.2 points |
| Q4 2024 | 1.3% | -9.5 points |
PLTR has the edge over GDS on profitability, with a higher operating margin.
GDS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $24.3M | +$78.4M |
| Q1 2026 | -$48.4M | -$14M |
| Q4 2025 | -$2M | -100% |
| Q3 2025 | -$102.8M | -$80.8M |
| Q2 2025 | -$54.1M | +$172M |
| Q1 2025 | -$34.4M | +$125.9M |
| Q4 2024 | $625.5M | +$680.8M |
| Q3 2024 | -$22M | +$123.3M |
GDS has burned cash in almost every quarter: −$129M over the past year, against $515M the year before.
PLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +139% |
| Q2 2026 | $1.2B | +126% |
| Q1 2026 | $891.8M | +193% |
| Q4 2025 | $764M | +67% |
| Q3 2025 | $500.9M | +20% |
| Q2 2025 | $531.6M | +276% |
| Q1 2025 | $304.1M | +140% |
| Q4 2024 | $457.2M | +54% |
PLTR has the edge over GDS on cash generation, producing positive trailing cash flow while its opponent burns cash.
GDS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +5.5M shares |
| 1 year | +15% | +34.8M shares |
| 3 years | +41% | +76.1M shares |
| 5 years | +44% | +78.8M shares |
GDS has 259M diluted shares, up 15% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
GDS hasn't bought back shares in the past year.
PLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +5.2M shares |
| 1 year | +0.1% | +2.9M shares |
| 3 years | +11% | +248M shares |
| 5 years | +31% | +610M shares |
| Available history | +184% | +1.7B shares |
PLTR has the edge over GDS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $19.2M |
| Q3 2025 | $19.2M |
| Q2 2025 | $18.6M |
| Q1 2025 | $18M |
| Q4 2024 | $18.6M |
| Q3 2024 | $18.9M |
| Q2 2024 | $17.7M |
| Q1 2024 | $9M |
GDS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 5.8x | High |
| Q1 2026 | 5.7x | High |
| Q4 2025 | 5.5x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 5.9x | High |
| Q1 2025 | 6.3x | High |
| Q4 2024 | 8.0x | High |
| Q3 2024 | 25.7x | High |
GDS's net debt is about 5.8 years of its operating earnings (EBITDA), down from 5.9 years a year ago.
PLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.9x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | -6.1x | Net Cash |
PLTR has the edge over GDS on leverage, with a lower net debt burden relative to earnings.
GDS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.5 | Neutral |
| Stochastic | 7.0 | Oversold |
GDS's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
PLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.4 | Neutral |
| Stochastic | 47.4 | Neutral |
PLTR's weekly RSI is 51 (neutral) and its Stochastic is 47 (neutral).
GDS PE vs Technology Sector
| Metric | GDS | Sector median | Relative |
|---|---|---|---|
| PE | 9.8x | 28x | 65% below |
| PE % | 0 | 35 | 35 pts below |
GDS has the edge over PLTR on valuation relative to its sector.
PLTR PE vs Technology Sector
| Metric | PLTR | Sector median | Relative |
|---|---|---|---|
| PE | 120x | 28x | 331% above |
| PE % | 1 | 38 | 37 pts below |
PLTR is trading at 120x earnings, a 331% premium to the Technology sector's median of 28x.
GDS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.1 | 20% below |
| 20 week MA | $29.3 | 32% below |
| 50 week MA | $35.6 | 44% below |
| 100 week MA | $33.1 | 39% below |
| 200 week MA | $23.0 | 13% below |
GDS is in a downtrend: it's below all five of its weekly moving averages, and 13% below its 200-week average.
PLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $185.8 | 7.6% below |
| 20 week MA | $167.6 | 2.4% above |
| 50 week MA | $157.1 | 9.2% above |
| 100 week MA | $143.8 | 19% above |
| 200 week MA | $83.3 | 106% above |
PLTR has the edge over GDS on trend strength, trading above more of its moving averages.
GDS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.7 | $91.3 | +77% |
| 2021 | $91.3 | $47.1 | -48% |
| 2022 | $47.1 | $19.4 | -59% |
| 2023 | $19.4 | $9.12 | -53% |
| 2024 | $9.12 | $22.3 | +144% |
| 2025 | $22.3 | $35.4 | +59% |
| 2026 YTD | $35.4 | $20.1 | -43% |
GDS's yearly returns have swung widely, from +144% in 2024 to −59% in 2022. It's down 43% so far in 2026.
PLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.20 | $27.8 | +202% |
| 2021 | $27.8 | $18.9 | -32% |
| 2022 | $18.9 | $6.29 | -67% |
| 2023 | $6.29 | $17.2 | +173% |
| 2024 | $17.2 | $79.1 | +361% |
| 2025 | $79.1 | $188.7 | +139% |
| 2026 YTD | $188.7 | $171.6 | -9.1% |
PLTR has the edge over GDS on returns for 2026, with the stronger performance.