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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and GDS Holdings Ltd (GDS). Click either name above to swap in a different company.

GDS Holdings Ltd is the larger business by last-quarter revenue ($405.6M vs $225.3M, roughly 1.8× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses.

APWC vs GDS — Head-to-Head

Bigger by revenue
GDS
GDS
1.8× larger
GDS
$405.6M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q3 FY2025

Metric
APWC
APWC
GDS
GDS
Revenue
$225.3M
$405.6M
Net Profit
$-373.0K
Gross Margin
7.9%
22.1%
Operating Margin
2.2%
Net Margin
-0.1%
Revenue YoY
Net Profit YoY
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
GDS
GDS
Q3 25
$405.6M
Q2 25
$404.9M
Q1 25
$375.3M
Q3 24
$422.6M
Q2 24
$388.9M
Q1 24
$363.9M
Q2 22
$225.3M
Net Profit
APWC
APWC
GDS
GDS
Q3 25
$-373.0K
Q2 25
$-240.0K
Q1 25
$-145.0K
Q3 24
$-32.9M
Q2 24
$-31.9M
Q1 24
$-47.8M
Q2 22
Gross Margin
APWC
APWC
GDS
GDS
Q3 25
22.1%
Q2 25
23.8%
Q1 25
23.7%
Q3 24
22.2%
Q2 24
22.6%
Q1 24
21.8%
Q2 22
7.9%
Operating Margin
APWC
APWC
GDS
GDS
Q3 25
Q2 25
Q1 25
Q3 24
10.8%
Q2 24
11.2%
Q1 24
8.3%
Q2 22
2.2%
Net Margin
APWC
APWC
GDS
GDS
Q3 25
-0.1%
Q2 25
-0.1%
Q1 25
-0.0%
Q3 24
-7.8%
Q2 24
-8.2%
Q1 24
-13.1%
Q2 22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
GDS
GDS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
Total Assets
$11.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
APWC
APWC
GDS
GDS
Q3 25
$3.6B
Q2 25
$3.4B
Q1 25
$3.2B
Q3 24
$2.7B
Q2 24
$2.6B
Q1 24
$2.6B
Q2 22
Total Assets
APWC
APWC
GDS
GDS
Q3 25
$11.0B
Q2 25
$11.1B
Q1 25
$10.1B
Q3 24
$11.7B
Q2 24
$10.9B
Q1 24
$10.5B
Q2 22

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
GDS
GDS
Operating Cash FlowLast quarter
$103.5M
Free Cash FlowOCF − Capex
$-96.3M
FCF MarginFCF / Revenue
-23.7%
Capex IntensityCapex / Revenue
49.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
GDS
GDS
Q3 25
$103.5M
Q2 25
$120.8M
Q1 25
Q3 24
$91.4M
Q2 24
Q1 24
Q2 22
Free Cash Flow
APWC
APWC
GDS
GDS
Q3 25
$-96.3M
Q2 25
$-55.8M
Q1 25
Q3 24
$-321.7M
Q2 24
Q1 24
Q2 22
FCF Margin
APWC
APWC
GDS
GDS
Q3 25
-23.7%
Q2 25
-13.8%
Q1 25
Q3 24
-76.1%
Q2 24
Q1 24
Q2 22
Capex Intensity
APWC
APWC
GDS
GDS
Q3 25
49.2%
Q2 25
43.6%
Q1 25
Q3 24
97.7%
Q2 24
Q1 24
Q2 22

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

GDS
GDS

Service revenue$405.5M100%
Equipment sales$2.8M1%

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