Exlservice Holdings vs GDS Holdings
Exlservice Holdings is the larger business, with $2.09bn of revenue in fiscal 2025 against $1.59bn for GDS Holdings (1.3 times as much). Exlservice Holdings grew faster (13.6% against 10.9%). Exlservice Holdings kept more of each dollar of sales as profit: a net margin of 12.0% against 8.3%. Exlservice Holdings carries less debt relative to equity (32.7% against 102.1%).
| Latest fiscal year | Exlservice HoldingsEXLS, 2025 | GDS HoldingsGDS, 2025 |
|---|---|---|
| Revenue | $2.09bn | $1.59bn |
| Revenue growth | 13.6% | 10.9% |
| Net income | $251m | $132m |
| Operating margin | 15.0% | -0.5% |
| Net margin | 12.0% | 8.3% |
| Return on equity | 27.2% | 3.9% |
| Free cash flow | $298m | −$184m |
| Cash | $146m | $2.05bn |
| Total debt | $299m | $3.76bn |
| Debt to equity | 32.7% | 102.1% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $328m | — |
| Employees | 65,000 | — |
| Market value | $6.39bn | $4.52bn |
| Price vs our value range | Within our value range | — |
| Moat score | 61 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 14 sales | 0 buys, 2 sales |