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

Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $405.6M, roughly 2.0× GDS Holdings Ltd). Construction Partners, Inc. runs the higher net margin — 2.1% vs -0.1%, a 2.2% gap on every dollar of revenue. Construction Partners, Inc. produced more free cash flow last quarter ($47.1M 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.

Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.

GDS vs ROAD — Head-to-Head

Bigger by revenue
ROAD
ROAD
2.0× larger
ROAD
$809.5M
$405.6M
GDS
Higher net margin
ROAD
ROAD
2.2% more per $
ROAD
2.1%
-0.1%
GDS
More free cash flow
ROAD
ROAD
$143.4M more FCF
ROAD
$47.1M
$-96.3M
GDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
ROAD
ROAD
Revenue
$405.6M
$809.5M
Net Profit
$-373.0K
$17.2M
Gross Margin
22.1%
15.0%
Operating Margin
6.2%
Net Margin
-0.1%
2.1%
Revenue YoY
44.1%
Net Profit YoY
663.9%
EPS (diluted)
$0.31

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
ROAD
ROAD
Q4 25
$809.5M
Q3 25
$405.6M
$899.8M
Q2 25
$404.9M
$779.3M
Q1 25
$375.3M
$571.6M
Q4 24
$561.6M
Q3 24
$422.6M
$538.2M
Q2 24
$388.9M
$517.8M
Q1 24
$363.9M
$371.4M
Net Profit
GDS
GDS
ROAD
ROAD
Q4 25
$17.2M
Q3 25
$-373.0K
$56.6M
Q2 25
$-240.0K
$44.0M
Q1 25
$-145.0K
$4.2M
Q4 24
$-3.1M
Q3 24
$-32.9M
$29.3M
Q2 24
$-31.9M
$30.9M
Q1 24
$-47.8M
$-1.1M
Gross Margin
GDS
GDS
ROAD
ROAD
Q4 25
15.0%
Q3 25
22.1%
17.7%
Q2 25
23.8%
16.9%
Q1 25
23.7%
12.5%
Q4 24
13.6%
Q3 24
22.2%
15.6%
Q2 24
22.6%
16.1%
Q1 24
21.8%
10.4%
Operating Margin
GDS
GDS
ROAD
ROAD
Q4 25
6.2%
Q3 25
11.2%
Q2 25
10.6%
Q1 25
4.8%
Q4 24
2.5%
Q3 24
10.8%
8.5%
Q2 24
11.2%
8.8%
Q1 24
8.3%
0.8%
Net Margin
GDS
GDS
ROAD
ROAD
Q4 25
2.1%
Q3 25
-0.1%
6.3%
Q2 25
-0.1%
5.7%
Q1 25
-0.0%
0.7%
Q4 24
-0.5%
Q3 24
-7.8%
5.4%
Q2 24
-8.2%
6.0%
Q1 24
-13.1%
-0.3%
EPS (diluted)
GDS
GDS
ROAD
ROAD
Q4 25
$0.31
Q3 25
$1.03
Q2 25
$0.79
Q1 25
$0.08
Q4 24
$-0.06
Q3 24
$0.55
Q2 24
$0.59
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
ROAD
ROAD
Cash + ST InvestmentsLiquidity on hand
$104.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$969.1M
Total Assets
$11.0B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDS
GDS
ROAD
ROAD
Q4 25
$104.1M
Q3 25
$156.1M
Q2 25
$114.3M
Q1 25
$101.9M
Q4 24
$132.5M
Q3 24
$74.7M
Q2 24
$56.3M
Q1 24
$48.0M
Total Debt
GDS
GDS
ROAD
ROAD
Q4 25
Q3 25
$1.6B
Q2 25
Q1 25
Q4 24
Q3 24
$515.0M
Q2 24
Q1 24
Stockholders' Equity
GDS
GDS
ROAD
ROAD
Q4 25
$969.1M
Q3 25
$3.6B
$912.0M
Q2 25
$3.4B
$853.3M
Q1 25
$3.2B
$807.9M
Q4 24
$811.1M
Q3 24
$2.7B
$573.7M
Q2 24
$2.6B
$552.9M
Q1 24
$2.6B
$525.0M
Total Assets
GDS
GDS
ROAD
ROAD
Q4 25
$3.4B
Q3 25
$11.0B
$3.2B
Q2 25
$11.1B
$2.9B
Q1 25
$10.1B
$2.8B
Q4 24
$2.6B
Q3 24
$11.7B
$1.5B
Q2 24
$10.9B
$1.4B
Q1 24
$10.5B
$1.3B
Debt / Equity
GDS
GDS
ROAD
ROAD
Q4 25
Q3 25
1.78×
Q2 25
Q1 25
Q4 24
Q3 24
0.90×
Q2 24
Q1 24

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
ROAD
ROAD
Operating Cash FlowLast quarter
$103.5M
$82.6M
Free Cash FlowOCF − Capex
$-96.3M
$47.1M
FCF MarginFCF / Revenue
-23.7%
5.8%
Capex IntensityCapex / Revenue
49.2%
4.4%
Cash ConversionOCF / Net Profit
4.80×
TTM Free Cash FlowTrailing 4 quarters
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDS
GDS
ROAD
ROAD
Q4 25
$82.6M
Q3 25
$103.5M
$112.0M
Q2 25
$120.8M
$83.0M
Q1 25
$55.6M
Q4 24
$40.7M
Q3 24
$91.4M
$95.9M
Q2 24
$34.6M
Q1 24
$18.2M
Free Cash Flow
GDS
GDS
ROAD
ROAD
Q4 25
$47.1M
Q3 25
$-96.3M
$78.9M
Q2 25
$-55.8M
$46.4M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$-321.7M
$78.4M
Q2 24
$19.7M
Q1 24
$-10.6M
FCF Margin
GDS
GDS
ROAD
ROAD
Q4 25
5.8%
Q3 25
-23.7%
8.8%
Q2 25
-13.8%
5.9%
Q1 25
2.5%
Q4 24
2.5%
Q3 24
-76.1%
14.6%
Q2 24
3.8%
Q1 24
-2.8%
Capex Intensity
GDS
GDS
ROAD
ROAD
Q4 25
4.4%
Q3 25
49.2%
3.7%
Q2 25
43.6%
4.7%
Q1 25
7.2%
Q4 24
4.8%
Q3 24
97.7%
3.3%
Q2 24
2.9%
Q1 24
7.7%
Cash Conversion
GDS
GDS
ROAD
ROAD
Q4 25
4.80×
Q3 25
1.98×
Q2 25
1.88×
Q1 25
13.20×
Q4 24
Q3 24
3.27×
Q2 24
1.12×
Q1 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%

ROAD
ROAD

Segment breakdown not available.

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