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

WINTRUST FINANCIAL CORP is the larger business by last-quarter revenue ($713.2M vs $405.6M, roughly 1.8× GDS Holdings Ltd). WINTRUST FINANCIAL CORP runs the higher net margin — 31.9% vs -0.1%, a 32.0% gap on every dollar of revenue.

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.

Wintrust is a financial holding company in the United States that operates 15 chartered community banks in northern Illinois and southern Wisconsin. Wintrust is usually classified as a medium-sized banking institution in the United States and it trades on the Nasdaq Global Select Market with stock symbol WTFC. Wintrust is the second largest banking company in Chicago.

GDS vs WTFC — Head-to-Head

Bigger by revenue
WTFC
WTFC
1.8× larger
WTFC
$713.2M
$405.6M
GDS
Higher net margin
WTFC
WTFC
32.0% more per $
WTFC
31.9%
-0.1%
GDS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GDS
GDS
WTFC
WTFC
Revenue
$405.6M
$713.2M
Net Profit
$-373.0K
$227.4M
Gross Margin
22.1%
Operating Margin
Net Margin
-0.1%
31.9%
Revenue YoY
10.9%
Net Profit YoY
EPS (diluted)
$3.22

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
WTFC
WTFC
Q1 26
$713.2M
Q4 25
$714.3M
Q3 25
$405.6M
$697.8M
Q2 25
$404.9M
$670.8M
Q1 25
$375.3M
$643.1M
Q4 24
$638.6M
Q3 24
$422.6M
$615.7M
Q2 24
$388.9M
$591.8M
Net Profit
GDS
GDS
WTFC
WTFC
Q1 26
$227.4M
Q4 25
Q3 25
$-373.0K
$216.3M
Q2 25
$-240.0K
$195.5M
Q1 25
$-145.0K
$189.0M
Q4 24
Q3 24
$-32.9M
$170.0M
Q2 24
$-31.9M
$152.4M
Gross Margin
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
Q3 25
22.1%
Q2 25
23.8%
Q1 25
23.7%
Q4 24
Q3 24
22.2%
Q2 24
22.6%
Operating Margin
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
42.3%
Q3 25
42.4%
Q2 25
39.8%
Q1 25
39.3%
Q4 24
39.6%
Q3 24
10.8%
37.8%
Q2 24
11.2%
35.7%
Net Margin
GDS
GDS
WTFC
WTFC
Q1 26
31.9%
Q4 25
Q3 25
-0.1%
31.0%
Q2 25
-0.1%
29.1%
Q1 25
-0.0%
29.4%
Q4 24
Q3 24
-7.8%
27.6%
Q2 24
-8.2%
25.8%
EPS (diluted)
GDS
GDS
WTFC
WTFC
Q1 26
$3.22
Q4 25
$3.15
Q3 25
$2.78
Q2 25
$2.78
Q1 25
$2.69
Q4 24
$2.63
Q3 24
$2.47
Q2 24
$2.32

Balance Sheet & Financial Strength

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

Metric
GDS
GDS
WTFC
WTFC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$7.4B
Total Assets
$11.0B
$72.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
GDS
GDS
WTFC
WTFC
Q1 26
$7.4B
Q4 25
$7.3B
Q3 25
$3.6B
$7.0B
Q2 25
$3.4B
$7.2B
Q1 25
$3.2B
$6.6B
Q4 24
$6.3B
Q3 24
$2.7B
$6.4B
Q2 24
$2.6B
$5.5B
Total Assets
GDS
GDS
WTFC
WTFC
Q1 26
$72.2B
Q4 25
$71.1B
Q3 25
$11.0B
$69.6B
Q2 25
$11.1B
$69.0B
Q1 25
$10.1B
$65.9B
Q4 24
$64.9B
Q3 24
$11.7B
$63.8B
Q2 24
$10.9B
$59.8B

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
WTFC
WTFC
Operating Cash FlowLast quarter
$103.5M
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
WTFC
WTFC
Q1 26
Q4 25
$910.3M
Q3 25
$103.5M
$209.8M
Q2 25
$120.8M
$329.2M
Q1 25
$119.8M
Q4 24
$721.6M
Q3 24
$91.4M
$-61.6M
Q2 24
$221.2M
Free Cash Flow
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
$860.4M
Q3 25
$-96.3M
Q2 25
$-55.8M
Q1 25
Q4 24
$635.5M
Q3 24
$-321.7M
$-78.3M
Q2 24
$182.1M
FCF Margin
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
120.5%
Q3 25
-23.7%
Q2 25
-13.8%
Q1 25
Q4 24
99.5%
Q3 24
-76.1%
-12.7%
Q2 24
30.8%
Capex Intensity
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
7.0%
Q3 25
49.2%
Q2 25
43.6%
Q1 25
Q4 24
13.5%
Q3 24
97.7%
2.7%
Q2 24
6.6%
Cash Conversion
GDS
GDS
WTFC
WTFC
Q1 26
Q4 25
Q3 25
0.97×
Q2 25
1.68×
Q1 25
0.63×
Q4 24
Q3 24
-0.36×
Q2 24
1.45×

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%

WTFC
WTFC

Segment breakdown not available.

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