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Side-by-side financial comparison of GDS Holdings Ltd (GDS) and Getty Images Holdings, Inc. (GETY). Click either name above to swap in a different company.

GDS Holdings Ltd is the larger business by last-quarter revenue ($405.6M vs $282.3M, roughly 1.4× Getty Images Holdings, Inc.). GDS Holdings Ltd runs the higher net margin — -0.1% vs -32.2%, a 32.1% gap on every dollar of revenue. Getty Images Holdings, Inc. produced more free cash flow last quarter ($7.7M vs $-96.3M).

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.

Getty Images Holdings, Inc. is a visual media company and supplier of stock images, editorial photography, video, and music for businesses and consumers, with a library of over 477 million assets. It targets three markets—creative professionals, the media, and corporate.

GDS vs GETY — Head-to-Head

Bigger by revenue
GDS
GDS
1.4× larger
GDS
$405.6M
$282.3M
GETY
Higher net margin
GDS
GDS
32.1% more per $
GDS
-0.1%
-32.2%
GETY
More free cash flow
GETY
GETY
$103.9M more FCF
GETY
$7.7M
$-96.3M
GDS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GDS
GDS
GETY
GETY
Revenue
$405.6M
$282.3M
Net Profit
$-373.0K
$-90.9M
Gross Margin
22.1%
74.8%
Operating Margin
-8.5%
Net Margin
-0.1%
-32.2%
Revenue YoY
14.1%
Net Profit YoY
-467.6%
EPS (diluted)
$-0.22

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
GDS
GDS
GETY
GETY
Q4 25
$282.3M
Q3 25
$405.6M
$240.0M
Q2 25
$404.9M
$234.9M
Q1 25
$375.3M
$224.1M
Q4 24
$247.3M
Q3 24
$422.6M
$240.5M
Q2 24
$388.9M
$229.1M
Q1 24
$363.9M
$222.3M
Net Profit
GDS
GDS
GETY
GETY
Q4 25
$-90.9M
Q3 25
$-373.0K
$21.6M
Q2 25
$-240.0K
$-34.4M
Q1 25
$-145.0K
$-102.6M
Q4 24
$24.7M
Q3 24
$-32.9M
$-2.5M
Q2 24
$-31.9M
$3.7M
Q1 24
$-47.8M
$13.6M
Gross Margin
GDS
GDS
GETY
GETY
Q4 25
74.8%
Q3 25
22.1%
73.2%
Q2 25
23.8%
72.1%
Q1 25
23.7%
73.1%
Q4 24
73.5%
Q3 24
22.2%
73.4%
Q2 24
22.6%
72.5%
Q1 24
21.8%
72.9%
Operating Margin
GDS
GDS
GETY
GETY
Q4 25
-8.5%
Q3 25
18.8%
Q2 25
15.1%
Q1 25
12.2%
Q4 24
14.5%
Q3 24
10.8%
23.9%
Q2 24
11.2%
20.3%
Q1 24
8.3%
18.5%
Net Margin
GDS
GDS
GETY
GETY
Q4 25
-32.2%
Q3 25
-0.1%
9.0%
Q2 25
-0.1%
-14.6%
Q1 25
-0.0%
-45.8%
Q4 24
10.0%
Q3 24
-7.8%
-1.1%
Q2 24
-8.2%
1.6%
Q1 24
-13.1%
6.1%
EPS (diluted)
GDS
GDS
GETY
GETY
Q4 25
$-0.22
Q3 25
$0.05
Q2 25
$-0.08
Q1 25
$-0.25
Q4 24
$0.07
Q3 24
$-0.01
Q2 24
$0.01
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
GETY
GETY
Cash + ST InvestmentsLiquidity on hand
$90.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$3.6B
$552.5M
Total Assets
$11.0B
$3.2B
Debt / EquityLower = less leverage
2.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
GETY
GETY
Q4 25
$90.2M
Q3 25
$109.5M
Q2 25
$110.3M
Q1 25
$114.6M
Q4 24
$121.2M
Q3 24
$109.9M
Q2 24
$121.7M
Q1 24
$134.2M
Total Debt
GDS
GDS
GETY
GETY
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.4B
Stockholders' Equity
GDS
GDS
GETY
GETY
Q4 25
$552.5M
Q3 25
$3.6B
$634.6M
Q2 25
$3.4B
$611.2M
Q1 25
$3.2B
$593.0M
Q4 24
$670.2M
Q3 24
$2.7B
$683.4M
Q2 24
$2.6B
$654.0M
Q1 24
$2.6B
$640.8M
Total Assets
GDS
GDS
GETY
GETY
Q4 25
$3.2B
Q3 25
$11.0B
$2.6B
Q2 25
$11.1B
$2.6B
Q1 25
$10.1B
$2.6B
Q4 24
$2.6B
Q3 24
$11.7B
$2.6B
Q2 24
$10.9B
$2.6B
Q1 24
$10.5B
$2.6B
Debt / Equity
GDS
GDS
GETY
GETY
Q4 25
2.30×
Q3 25
2.11×
Q2 25
2.19×
Q1 25
2.21×
Q4 24
1.96×
Q3 24
1.97×
Q2 24
2.06×
Q1 24
2.16×

Cash Flow & Capital Efficiency

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

Metric
GDS
GDS
GETY
GETY
Operating Cash FlowLast quarter
$103.5M
$20.6M
Free Cash FlowOCF − Capex
$-96.3M
$7.7M
FCF MarginFCF / Revenue
-23.7%
2.7%
Capex IntensityCapex / Revenue
49.2%
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDS
GDS
GETY
GETY
Q4 25
$20.6M
Q3 25
$103.5M
$22.6M
Q2 25
$120.8M
$6.5M
Q1 25
$15.4M
Q4 24
$39.7M
Q3 24
$91.4M
$10.7M
Q2 24
$46.4M
Q1 24
$21.5M
Free Cash Flow
GDS
GDS
GETY
GETY
Q4 25
$7.7M
Q3 25
$-96.3M
$7.9M
Q2 25
$-55.8M
$-9.6M
Q1 25
$-322.0K
Q4 24
$24.6M
Q3 24
$-321.7M
$-1.8M
Q2 24
$31.1M
Q1 24
$7.1M
FCF Margin
GDS
GDS
GETY
GETY
Q4 25
2.7%
Q3 25
-23.7%
3.3%
Q2 25
-13.8%
-4.1%
Q1 25
-0.1%
Q4 24
9.9%
Q3 24
-76.1%
-0.8%
Q2 24
13.6%
Q1 24
3.2%
Capex Intensity
GDS
GDS
GETY
GETY
Q4 25
4.6%
Q3 25
49.2%
6.1%
Q2 25
43.6%
6.9%
Q1 25
7.0%
Q4 24
6.1%
Q3 24
97.7%
5.2%
Q2 24
6.7%
Q1 24
6.5%
Cash Conversion
GDS
GDS
GETY
GETY
Q4 25
Q3 25
1.05×
Q2 25
Q1 25
Q4 24
1.61×
Q3 24
Q2 24
12.59×
Q1 24
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDS
GDS

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

GETY
GETY

Creative$149.0M53%
Editorial$109.4M39%
Other$23.9M8%

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