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Side-by-side financial comparison of GDS Holdings Ltd (GDS) and GRIFFON CORP (GFF). Click either name above to swap in a different company.

GRIFFON CORP is the larger business by last-quarter revenue ($649.1M vs $405.6M, roughly 1.6× GDS Holdings Ltd). GRIFFON CORP runs the higher net margin — 9.9% vs -0.1%, a 10.0% gap on every dollar of revenue. GRIFFON CORP produced more free cash flow last quarter ($99.3M 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.

Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.

GDS vs GFF — Head-to-Head

Bigger by revenue
GFF
GFF
1.6× larger
GFF
$649.1M
$405.6M
GDS
Higher net margin
GFF
GFF
10.0% more per $
GFF
9.9%
-0.1%
GDS
More free cash flow
GFF
GFF
$195.6M more FCF
GFF
$99.3M
$-96.3M
GDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
GFF
GFF
Revenue
$405.6M
$649.1M
Net Profit
$-373.0K
$64.4M
Gross Margin
22.1%
41.1%
Operating Margin
17.5%
Net Margin
-0.1%
9.9%
Revenue YoY
2.6%
Net Profit YoY
-9.1%
EPS (diluted)
$1.41

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
GFF
GFF
Q4 25
$649.1M
Q3 25
$405.6M
$662.2M
Q2 25
$404.9M
$613.6M
Q1 25
$375.3M
$611.7M
Q4 24
$632.4M
Q3 24
$422.6M
$659.7M
Q2 24
$388.9M
$647.8M
Q1 24
$363.9M
$672.9M
Net Profit
GDS
GDS
GFF
GFF
Q4 25
$64.4M
Q3 25
$-373.0K
$43.6M
Q2 25
$-240.0K
$-120.1M
Q1 25
$-145.0K
$56.8M
Q4 24
$70.9M
Q3 24
$-32.9M
$62.5M
Q2 24
$-31.9M
$41.1M
Q1 24
$-47.8M
$64.1M
Gross Margin
GDS
GDS
GFF
GFF
Q4 25
41.1%
Q3 25
22.1%
41.7%
Q2 25
23.8%
43.2%
Q1 25
23.7%
41.2%
Q4 24
41.8%
Q3 24
22.2%
39.9%
Q2 24
22.6%
38.5%
Q1 24
21.8%
40.2%
Operating Margin
GDS
GDS
GFF
GFF
Q4 25
17.5%
Q3 25
18.0%
Q2 25
-20.5%
Q1 25
16.5%
Q4 24
17.7%
Q3 24
10.8%
16.9%
Q2 24
11.2%
13.8%
Q1 24
8.3%
16.9%
Net Margin
GDS
GDS
GFF
GFF
Q4 25
9.9%
Q3 25
-0.1%
6.6%
Q2 25
-0.1%
-19.6%
Q1 25
-0.0%
9.3%
Q4 24
11.2%
Q3 24
-7.8%
9.5%
Q2 24
-8.2%
6.3%
Q1 24
-13.1%
9.5%
EPS (diluted)
GDS
GDS
GFF
GFF
Q4 25
$1.41
Q3 25
$1.04
Q2 25
$-2.65
Q1 25
$1.21
Q4 24
$1.49
Q3 24
$1.29
Q2 24
$0.84
Q1 24
$1.28

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
GFF
GFF
Cash + ST InvestmentsLiquidity on hand
$95.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$108.9M
Total Assets
$11.0B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
GFF
GFF
Q4 25
$95.3M
Q3 25
$99.0M
Q2 25
$107.3M
Q1 25
$127.8M
Q4 24
$152.0M
Q3 24
$114.4M
Q2 24
$133.5M
Q1 24
$123.0M
Total Debt
GDS
GDS
GFF
GFF
Q4 25
Q3 25
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.6B
Stockholders' Equity
GDS
GDS
GFF
GFF
Q4 25
$108.9M
Q3 25
$3.6B
$74.0M
Q2 25
$3.4B
$63.9M
Q1 25
$3.2B
$214.7M
Q4 24
$227.8M
Q3 24
$2.7B
$224.9M
Q2 24
$2.6B
$223.5M
Q1 24
$2.6B
$202.2M
Total Assets
GDS
GDS
GFF
GFF
Q4 25
$2.1B
Q3 25
$11.0B
$2.1B
Q2 25
$11.1B
$2.1B
Q1 25
$10.1B
$2.3B
Q4 24
$2.3B
Q3 24
$11.7B
$2.4B
Q2 24
$10.9B
$2.4B
Q1 24
$10.5B
$2.4B
Debt / Equity
GDS
GDS
GFF
GFF
Q4 25
Q3 25
Q2 25
22.71×
Q1 25
7.16×
Q4 24
6.48×
Q3 24
6.78×
Q2 24
6.74×
Q1 24
7.84×

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
GFF
GFF
Operating Cash FlowLast quarter
$103.5M
$107.0M
Free Cash FlowOCF − Capex
$-96.3M
$99.3M
FCF MarginFCF / Revenue
-23.7%
15.3%
Capex IntensityCapex / Revenue
49.2%
1.2%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$278.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDS
GDS
GFF
GFF
Q4 25
$107.0M
Q3 25
$103.5M
$75.0M
Q2 25
$120.8M
$123.1M
Q1 25
$16.5M
Q4 24
$142.9M
Q3 24
$91.4M
$72.1M
Q2 24
$122.1M
Q1 24
$39.8M
Free Cash Flow
GDS
GDS
GFF
GFF
Q4 25
$99.3M
Q3 25
$-96.3M
$62.4M
Q2 25
$-55.8M
$114.4M
Q1 25
$2.8M
Q4 24
$125.5M
Q3 24
$-321.7M
$51.6M
Q2 24
$107.5M
Q1 24
$20.8M
FCF Margin
GDS
GDS
GFF
GFF
Q4 25
15.3%
Q3 25
-23.7%
9.4%
Q2 25
-13.8%
18.6%
Q1 25
0.5%
Q4 24
19.8%
Q3 24
-76.1%
7.8%
Q2 24
16.6%
Q1 24
3.1%
Capex Intensity
GDS
GDS
GFF
GFF
Q4 25
1.2%
Q3 25
49.2%
1.9%
Q2 25
43.6%
1.4%
Q1 25
2.2%
Q4 24
2.8%
Q3 24
97.7%
3.1%
Q2 24
2.2%
Q1 24
2.8%
Cash Conversion
GDS
GDS
GFF
GFF
Q4 25
1.66×
Q3 25
1.72×
Q2 25
Q1 25
0.29×
Q4 24
2.02×
Q3 24
1.15×
Q2 24
2.97×
Q1 24
0.62×

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%

GFF
GFF

Consumer And Professional Products$241.1M37%
Residential Repairand Remodel$202.1M31%
International Excluding North America$97.8M15%
Retail$47.3M7%
Residential New Construction$32.5M5%
Other$14.2M2%
Industrial$14.1M2%

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