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Side-by-side financial comparison of DiamondRock Hospitality Co (DRH) 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 $258.2M, roughly 1.6× DiamondRock Hospitality Co). DiamondRock Hospitality Co runs the higher net margin — 5.6% vs -0.1%, a 5.7% gap on every dollar of revenue.

DiamondRock Hospitality Co is a US-based real estate investment trust owning and operating a portfolio of premium upscale hotels and resorts. Its properties are mainly located in major urban tourist and business hubs nationwide, catering to both leisure and corporate clientele seeking high-quality accommodation services.

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.

DRH vs GDS — Head-to-Head

Bigger by revenue
GDS
GDS
1.6× larger
GDS
$405.6M
$258.2M
DRH
Higher net margin
DRH
DRH
5.7% more per $
DRH
5.6%
-0.1%
GDS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
DRH
DRH
GDS
GDS
Revenue
$258.2M
$405.6M
Net Profit
$14.5M
$-373.0K
Gross Margin
22.1%
Operating Margin
11.1%
Net Margin
5.6%
-0.1%
Revenue YoY
1.3%
Net Profit YoY
22.0%
EPS (diluted)
$0.07

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
DRH
DRH
GDS
GDS
Q1 26
$258.2M
Q4 25
$274.5M
Q3 25
$285.4M
$405.6M
Q2 25
$305.7M
$404.9M
Q1 25
$254.9M
$375.3M
Q4 24
$279.1M
Q3 24
$285.1M
$422.6M
Q2 24
$309.3M
$388.9M
Net Profit
DRH
DRH
GDS
GDS
Q1 26
$14.5M
Q4 25
$26.2M
Q3 25
$22.5M
$-373.0K
Q2 25
$40.8M
$-240.0K
Q1 25
$11.9M
$-145.0K
Q4 24
$-11.2M
Q3 24
$26.4M
$-32.9M
Q2 24
$24.5M
$-31.9M
Gross Margin
DRH
DRH
GDS
GDS
Q1 26
Q4 25
Q3 25
22.1%
Q2 25
23.8%
Q1 25
23.7%
Q4 24
Q3 24
22.2%
Q2 24
22.6%
Operating Margin
DRH
DRH
GDS
GDS
Q1 26
11.1%
Q4 25
8.9%
Q3 25
8.1%
Q2 25
13.7%
Q1 25
4.3%
Q4 24
-3.7%
Q3 24
9.5%
10.8%
Q2 24
8.4%
11.2%
Net Margin
DRH
DRH
GDS
GDS
Q1 26
5.6%
Q4 25
9.5%
Q3 25
7.9%
-0.1%
Q2 25
13.4%
-0.1%
Q1 25
4.7%
-0.0%
Q4 24
-4.0%
Q3 24
9.3%
-7.8%
Q2 24
7.9%
-8.2%
EPS (diluted)
DRH
DRH
GDS
GDS
Q1 26
$0.07
Q4 25
$0.12
Q3 25
$0.10
Q2 25
$0.18
Q1 25
$0.04
Q4 24
$-0.06
Q3 24
$0.11
Q2 24
$0.10

Balance Sheet & Financial Strength

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

Metric
DRH
DRH
GDS
GDS
Cash + ST InvestmentsLiquidity on hand
$39.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$3.6B
Total Assets
$3.0B
$11.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DRH
DRH
GDS
GDS
Q1 26
$39.3M
Q4 25
$68.1M
Q3 25
$145.3M
Q2 25
$52.4M
Q1 25
$100.6M
Q4 24
$81.4M
Q3 24
$75.3M
Q2 24
$125.2M
Total Debt
DRH
DRH
GDS
GDS
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Stockholders' Equity
DRH
DRH
GDS
GDS
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.6B
$3.6B
Q2 25
$1.6B
$3.4B
Q1 25
$1.6B
$3.2B
Q4 24
$1.6B
Q3 24
$1.6B
$2.7B
Q2 24
$1.6B
$2.6B
Total Assets
DRH
DRH
GDS
GDS
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.1B
$11.0B
Q2 25
$3.1B
$11.1B
Q1 25
$3.1B
$10.1B
Q4 24
$3.2B
Q3 24
$3.2B
$11.7B
Q2 24
$3.2B
$10.9B
Debt / Equity
DRH
DRH
GDS
GDS
Q1 26
Q4 25
0.76×
Q3 25
0.70×
Q2 25
0.65×
Q1 25
0.70×
Q4 24
0.69×
Q3 24
0.67×
Q2 24
0.71×

Cash Flow & Capital Efficiency

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

Metric
DRH
DRH
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
DRH
DRH
GDS
GDS
Q1 26
Q4 25
$67.9M
Q3 25
$74.6M
$103.5M
Q2 25
$73.6M
$120.8M
Q1 25
$27.6M
Q4 24
$75.8M
Q3 24
$61.7M
$91.4M
Q2 24
$55.7M
Free Cash Flow
DRH
DRH
GDS
GDS
Q1 26
Q4 25
$47.3M
Q3 25
$54.9M
$-96.3M
Q2 25
$57.9M
$-55.8M
Q1 25
$2.0M
Q4 24
$52.6M
Q3 24
$39.0M
$-321.7M
Q2 24
$38.8M
FCF Margin
DRH
DRH
GDS
GDS
Q1 26
Q4 25
17.2%
Q3 25
19.2%
-23.7%
Q2 25
18.9%
-13.8%
Q1 25
0.8%
Q4 24
18.9%
Q3 24
13.7%
-76.1%
Q2 24
12.5%
Capex Intensity
DRH
DRH
GDS
GDS
Q1 26
Q4 25
7.5%
Q3 25
6.9%
49.2%
Q2 25
5.1%
43.6%
Q1 25
10.0%
Q4 24
8.3%
Q3 24
7.9%
97.7%
Q2 24
5.5%
Cash Conversion
DRH
DRH
GDS
GDS
Q1 26
Q4 25
2.59×
Q3 25
3.31×
Q2 25
1.80×
Q1 25
2.33×
Q4 24
Q3 24
2.33×
Q2 24
2.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DRH
DRH

Rooms$164.1M64%
Food and beverage$67.2M26%
Other$26.9M10%

GDS
GDS

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

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