GDS vs LGCL
GDS Holdings Ltd. and Lucas GC Ltd., side by side — 5 fiscal years reported in CNY, drawn from SEC filings.
Most recent reported year
| Metric | GDS | LGCL |
|---|---|---|
| Revenue | CNY 11.4B | CNY 1.0B |
| Net income | CNY 949.6M | CNY 9.8M |
| Gross margin | 22.6% | 33.8% |
| Net margin | 8.4% | 0.9% |
| Return on equity | 3.9% | 3.4% |
| Diluted EPS | CNY 0.55 | CNY 4.06 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | CNY -1.3B | CNY -47.8M |
| Equity | CNY 25.8B | CNY 311.3M |
| Net debt / equity | 0.45× | 0.21× |
| Current ratio | 2.60× | 1.61× |
| Revenue CAGR 5y | 14.8% | · |
| Profit CAGR 5y | · | · |
GDS bills 11.0× the revenue of LGCL, and keeps more of each dollar of revenue as profit (8.4% against 0.9%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
5 years side by side
| Fiscal year | GDS | LGCL |
|---|---|---|
| FY2025 | CNY 11.4B | CNY 1.0B |
| FY2024 | CNY 10.3B | CNY 1.1B |
| FY2023 | CNY 9.8B | CNY 1.5B |
| FY2022 | CNY 9.3B | CNY 766.6M |
| FY2021 | CNY 7.8B | CNY 652.2M |
Bottom line
| Fiscal year | GDS | LGCL |
|---|---|---|
| FY2025 | CNY 949.6M | CNY 9.8M |
| FY2024 | CNY 3.4B | CNY 39.8M |
| FY2023 | CNY -4.3B | CNY 77.7M |
| FY2022 | CNY -1.3B | CNY 36.1M |
| FY2021 | CNY -1.2B | CNY 39.5M |
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CNY 10,390,000,000 | GDS |
| FY2024 | +CNY 9,258,659,000 | GDS |
| FY2023 | +CNY 8,308,490,000 | GDS |
| FY2022 | +CNY 8,501,530,000 | GDS |
| FY2021 | +CNY 7,166,436,000 | GDS |
GDS has reported the higher revenue in every one of these 5 fiscal years. The gap has widened since the earliest year compared.
5 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LGCL's return on equity has been more volatile than GDS's over the 3 comparable fiscal years — 19.6 percentage points of standard deviation against 15.4.
3 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between GDS and LGCL over these 3 fiscal years — GDS led in 1 and LGCL in 2.
3 of 9 comparable fiscal years — a year missing data on either side is not counted.