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

Envista Holdings Corp is the larger business by last-quarter revenue ($705.5M vs $405.6M, roughly 1.7× GDS Holdings Ltd). Envista Holdings Corp runs the higher net margin — 5.5% vs -0.1%, a 5.6% gap on every dollar of revenue. Envista Holdings Corp produced more free cash flow last quarter ($-15.7M 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.

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

GDS vs NVST — Head-to-Head

Bigger by revenue
NVST
NVST
1.7× larger
NVST
$705.5M
$405.6M
GDS
Higher net margin
NVST
NVST
5.6% more per $
NVST
5.5%
-0.1%
GDS
More free cash flow
NVST
NVST
$80.6M more FCF
NVST
$-15.7M
$-96.3M
GDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
NVST
NVST
Revenue
$405.6M
$705.5M
Net Profit
$-373.0K
$39.0M
Gross Margin
22.1%
55.3%
Operating Margin
8.9%
Net Margin
-0.1%
5.5%
Revenue YoY
14.4%
Net Profit YoY
116.7%
EPS (diluted)
$0.23

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
NVST
NVST
Q1 26
$705.5M
Q4 25
$750.6M
Q3 25
$405.6M
$669.9M
Q2 25
$404.9M
$682.1M
Q1 25
$375.3M
$616.9M
Q4 24
$652.9M
Q3 24
$422.6M
$601.0M
Q2 24
$388.9M
$633.1M
Net Profit
GDS
GDS
NVST
NVST
Q1 26
$39.0M
Q4 25
$32.9M
Q3 25
$-373.0K
$-30.3M
Q2 25
$-240.0K
$26.4M
Q1 25
$-145.0K
$18.0M
Q4 24
$1.2M
Q3 24
$-32.9M
$8.2M
Q2 24
$-31.9M
$-1.2B
Gross Margin
GDS
GDS
NVST
NVST
Q1 26
55.3%
Q4 25
54.7%
Q3 25
22.1%
55.3%
Q2 25
23.8%
54.2%
Q1 25
23.7%
54.5%
Q4 24
57.1%
Q3 24
22.2%
52.8%
Q2 24
22.6%
51.6%
Operating Margin
GDS
GDS
NVST
NVST
Q1 26
8.9%
Q4 25
9.8%
Q3 25
8.6%
Q2 25
6.8%
Q1 25
6.3%
Q4 24
7.1%
Q3 24
10.8%
3.5%
Q2 24
11.2%
-182.2%
Net Margin
GDS
GDS
NVST
NVST
Q1 26
5.5%
Q4 25
4.4%
Q3 25
-0.1%
-4.5%
Q2 25
-0.1%
3.9%
Q1 25
-0.0%
2.9%
Q4 24
0.2%
Q3 24
-7.8%
1.4%
Q2 24
-8.2%
-181.9%
EPS (diluted)
GDS
GDS
NVST
NVST
Q1 26
$0.23
Q4 25
$0.20
Q3 25
$-0.18
Q2 25
$0.16
Q1 25
$0.10
Q4 24
$0.00
Q3 24
$0.05
Q2 24
$-6.69

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.6B
$3.1B
Total Assets
$11.0B
$5.6B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
NVST
NVST
Q1 26
$1.1B
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$991.3M
Q2 24
$1.0B
Total Debt
GDS
GDS
NVST
NVST
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Stockholders' Equity
GDS
GDS
NVST
NVST
Q1 26
$3.1B
Q4 25
$3.1B
Q3 25
$3.6B
$3.1B
Q2 25
$3.4B
$3.1B
Q1 25
$3.2B
$3.0B
Q4 24
$2.9B
Q3 24
$2.7B
$3.1B
Q2 24
$2.6B
$3.0B
Total Assets
GDS
GDS
NVST
NVST
Q1 26
$5.6B
Q4 25
$5.7B
Q3 25
$11.0B
$5.6B
Q2 25
$11.1B
$5.7B
Q1 25
$10.1B
$5.5B
Q4 24
$5.4B
Q3 24
$11.7B
$5.5B
Q2 24
$10.9B
$5.4B
Debt / Equity
GDS
GDS
NVST
NVST
Q1 26
0.47×
Q4 25
0.47×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.47×
Q4 24
0.48×
Q3 24
0.46×
Q2 24
0.51×

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
NVST
NVST
Operating Cash FlowLast quarter
$103.5M
Free Cash FlowOCF − Capex
$-96.3M
$-15.7M
FCF MarginFCF / Revenue
-23.7%
-2.2%
Capex IntensityCapex / Revenue
49.2%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$220.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDS
GDS
NVST
NVST
Q1 26
Q4 25
$108.0M
Q3 25
$103.5M
$78.7M
Q2 25
$120.8M
$88.7M
Q1 25
$300.0K
Q4 24
$132.4M
Q3 24
$91.4M
$70.7M
Q2 24
$93.1M
Free Cash Flow
GDS
GDS
NVST
NVST
Q1 26
$-15.7M
Q4 25
$91.7M
Q3 25
$-96.3M
$67.9M
Q2 25
$-55.8M
$76.4M
Q1 25
$-5.6M
Q4 24
$123.8M
Q3 24
$-321.7M
$63.3M
Q2 24
$86.3M
FCF Margin
GDS
GDS
NVST
NVST
Q1 26
-2.2%
Q4 25
12.2%
Q3 25
-23.7%
10.1%
Q2 25
-13.8%
11.2%
Q1 25
-0.9%
Q4 24
19.0%
Q3 24
-76.1%
10.5%
Q2 24
13.6%
Capex Intensity
GDS
GDS
NVST
NVST
Q1 26
1.8%
Q4 25
2.2%
Q3 25
49.2%
1.6%
Q2 25
43.6%
1.8%
Q1 25
1.0%
Q4 24
1.3%
Q3 24
97.7%
1.2%
Q2 24
1.1%
Cash Conversion
GDS
GDS
NVST
NVST
Q1 26
Q4 25
3.28×
Q3 25
Q2 25
3.36×
Q1 25
0.02×
Q4 24
110.33×
Q3 24
8.62×
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%

NVST
NVST

Segment breakdown not available.

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