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GDS Holdings Ltd vs Baidu, Inc. vs VNET Group, Inc.

Latest annual figures from SEC filings. Each company is shown for its own most recent fiscal year, so period ends can differ. Select a figure to see its full history.

Latest fiscal year	GDS Holdings Ltd GDS	Baidu, Inc. BIDU	VNET Group, Inc. VNET
Year ended	2025-12-31	2025-12-31	2025-12-31
Revenue	11.43B CNY	129.08B CNY	n/a
Revenue growth (YoY)	+10.8%	-3.0%	n/a
Gross margin	22.6%	43.9% (computed)	n/a
Operating margin	-0.5%	-4.5%	n/a
Net margin	8.3%	4.3%	n/a
Net income	949.64M CNY	5.59B CNY	-251.84M CNY
EPS (Diluted)	0.55 CNY	n/a	-0.16 CNY
Operating cash flow	3.37B CNY	-3.01B CNY	1.92B CNY
Free cash flow	-1.33B CNY	-15.09B CNY	-5.74B CNY
Cash & equivalents	14.31B CNY	24.61B CNY	5.52B CNY
Total assets	80.00B CNY	449.16B CNY	44.59B CNY
Total liabilities	52.26B CNY	159.43B CNY	36.03B CNY
Shareholders' equity	25.78B CNY	266.33B CNY	6.85B CNY
Return on year-end equity	3.7%	2.1%	-3.7%
Shares outstanding	n/a	n/a	n/a

n/a means the company did not report that line under the concept TickerFacts maps, not that it is zero.

Revenue, most recent five fiscal years

Fiscal year	GDS Holdings Ltd	Baidu, Inc.	VNET Group, Inc.
Latest	11.43B CNY Ended 2025-12-31	129.08B CNY Ended 2025-12-31	3.79B CNY Ended 2019-12-31
1 year earlier	10.32B CNY Ended 2024-12-31	133.12B CNY Ended 2024-12-31	3.40B CNY Ended 2018-12-31
2 years earlier	9.78B CNY Ended 2023-12-31	134.60B CNY Ended 2023-12-31	3.39B CNY Ended 2017-12-31
3 years earlier	9.27B CNY Ended 2022-12-31	123.67B CNY Ended 2022-12-31	3.64B CNY Ended 2016-12-31
4 years earlier	7.82B CNY Ended 2021-12-31	124.49B CNY Ended 2021-12-31	3.63B CNY Ended 2015-12-31