Ecarx Holdings vs GDS Holdings
GDS Holdings is the larger business, with $1.59bn of revenue in fiscal 2025 against $848m for Ecarx Holdings (1.9 times as much). GDS Holdings grew faster (10.9% against 9.9%). GDS Holdings kept more of each dollar of sales as profit: a net margin of 8.3% against -7.8%.
| Latest fiscal year | Ecarx HoldingsECX, 2025 | GDS HoldingsGDS, 2025 |
|---|---|---|
| Revenue | $848m | $1.59bn |
| Revenue growth | 9.9% | 10.9% |
| Net income | −$66.0m | $132m |
| Operating margin | -6.5% | -0.5% |
| Net margin | -7.8% | 8.3% |
| Return on equity | — | 3.9% |
| Free cash flow | −$107m | −$184m |
| Cash | $87.1m | $2.05bn |
| Total debt | $410m | $3.76bn |
| Debt to equity | — | 102.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $307m | $4.52bn |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 2 sales |