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

GDS Holdings Ltd is the larger business by last-quarter revenue ($405.6M vs $257.6M, roughly 1.6× Mirion Technologies, Inc.).

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.

Mirion Technologies, Inc. is a global provider of radiation detection, monitoring, and safety solutions. Its core offerings include personal dosimetry systems, radiation imaging equipment, and risk management software, serving nuclear power, healthcare, defense, and industrial sectors across North America, Europe, and the Asia Pacific.

GDS vs MIR — Head-to-Head

Bigger by revenue
GDS
GDS
1.6× larger
GDS
$405.6M
$257.6M
MIR

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
MIR
MIR
Revenue
$405.6M
$257.6M
Net Profit
$-373.0K
Gross Margin
22.1%
46.2%
Operating Margin
1.4%
Net Margin
-0.1%
Revenue YoY
27.5%
Net Profit YoY
EPS (diluted)
$-0.01

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
MIR
MIR
Q1 26
$257.6M
Q4 25
$277.4M
Q3 25
$405.6M
$223.1M
Q2 25
$404.9M
$222.9M
Q1 25
$375.3M
$202.0M
Q4 24
$254.3M
Q3 24
$422.6M
$206.8M
Q2 24
$388.9M
$207.1M
Net Profit
GDS
GDS
MIR
MIR
Q1 26
Q4 25
$17.3M
Q3 25
$-373.0K
$2.9M
Q2 25
$-240.0K
$8.3M
Q1 25
$-145.0K
$300.0K
Q4 24
$15.0M
Q3 24
$-32.9M
$-13.6M
Q2 24
$-31.9M
$-11.7M
Gross Margin
GDS
GDS
MIR
MIR
Q1 26
46.2%
Q4 25
48.8%
Q3 25
22.1%
46.8%
Q2 25
23.8%
46.0%
Q1 25
23.7%
47.6%
Q4 24
48.1%
Q3 24
22.2%
44.9%
Q2 24
22.6%
47.0%
Operating Margin
GDS
GDS
MIR
MIR
Q1 26
1.4%
Q4 25
9.2%
Q3 25
3.3%
Q2 25
4.4%
Q1 25
4.3%
Q4 24
11.4%
Q3 24
10.8%
-0.8%
Q2 24
11.2%
1.1%
Net Margin
GDS
GDS
MIR
MIR
Q1 26
Q4 25
6.2%
Q3 25
-0.1%
1.3%
Q2 25
-0.1%
3.7%
Q1 25
-0.0%
0.1%
Q4 24
5.9%
Q3 24
-7.8%
-6.6%
Q2 24
-8.2%
-5.6%
EPS (diluted)
GDS
GDS
MIR
MIR
Q1 26
$-0.01
Q4 25
$0.07
Q3 25
$0.01
Q2 25
$0.03
Q1 25
$0.00
Q4 24
$0.08
Q3 24
$-0.07
Q2 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
MIR
MIR
Cash + ST InvestmentsLiquidity on hand
$397.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$1.9B
Total Assets
$11.0B
$3.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
MIR
MIR
Q1 26
$397.9M
Q4 25
$412.3M
Q3 25
$933.2M
Q2 25
$262.6M
Q1 25
$185.8M
Q4 24
$175.2M
Q3 24
$133.3M
Q2 24
$122.2M
Total Debt
GDS
GDS
MIR
MIR
Q1 26
Q4 25
Q3 25
$444.8M
Q2 25
$444.9M
Q1 25
$686.6M
Q4 24
$686.4M
Q3 24
$685.1M
Q2 24
$684.1M
Stockholders' Equity
GDS
GDS
MIR
MIR
Q1 26
$1.9B
Q4 25
$1.9B
Q3 25
$3.6B
$1.8B
Q2 25
$3.4B
$1.5B
Q1 25
$3.2B
$1.5B
Q4 24
$1.5B
Q3 24
$2.7B
$1.5B
Q2 24
$2.6B
$1.5B
Total Assets
GDS
GDS
MIR
MIR
Q1 26
$3.5B
Q4 25
$3.6B
Q3 25
$11.0B
$3.5B
Q2 25
$11.1B
$2.7B
Q1 25
$10.1B
$2.6B
Q4 24
$2.6B
Q3 24
$11.7B
$2.7B
Q2 24
$10.9B
$2.6B
Debt / Equity
GDS
GDS
MIR
MIR
Q1 26
Q4 25
Q3 25
0.24×
Q2 25
0.30×
Q1 25
0.46×
Q4 24
0.46×
Q3 24
0.45×
Q2 24
0.45×

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
MIR
MIR
Operating Cash FlowLast quarter
$103.5M
$18.9M
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
GDS
GDS
MIR
MIR
Q1 26
$18.9M
Q4 25
$73.0M
Q3 25
$103.5M
$22.3M
Q2 25
$120.8M
$12.4M
Q1 25
$35.6M
Q4 24
$60.8M
Q3 24
$91.4M
$17.1M
Q2 24
$15.2M
Free Cash Flow
GDS
GDS
MIR
MIR
Q1 26
Q4 25
$63.2M
Q3 25
$-96.3M
$13.0M
Q2 25
$-55.8M
$3.6M
Q1 25
$27.1M
Q4 24
$49.1M
Q3 24
$-321.7M
$3.9M
Q2 24
$4.1M
FCF Margin
GDS
GDS
MIR
MIR
Q1 26
Q4 25
22.8%
Q3 25
-23.7%
5.8%
Q2 25
-13.8%
1.6%
Q1 25
13.4%
Q4 24
19.3%
Q3 24
-76.1%
1.9%
Q2 24
2.0%
Capex Intensity
GDS
GDS
MIR
MIR
Q1 26
Q4 25
3.5%
Q3 25
49.2%
4.2%
Q2 25
43.6%
3.9%
Q1 25
4.2%
Q4 24
4.6%
Q3 24
97.7%
6.4%
Q2 24
5.4%
Cash Conversion
GDS
GDS
MIR
MIR
Q1 26
Q4 25
4.22×
Q3 25
7.69×
Q2 25
1.49×
Q1 25
118.67×
Q4 24
4.05×
Q3 24
Q2 24

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%

MIR
MIR

Product$197.0M76%
Service$60.6M24%

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