Compare
VNET Group, Inc. vs GDS Holdings Ltd vs Baidu, Inc.
| Latest fiscal year | VNET Group, Inc. VNET | GDS Holdings Ltd GDS | Baidu, Inc. BIDU |
|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | n/a | 11.43B CNY | 129.08B CNY |
| Revenue growth (YoY) | n/a | +10.8% | -3.0% |
| Gross margin | n/a | 22.6% | 43.9% (computed) |
| Operating margin | n/a | -0.5% | -4.5% |
| Net margin | n/a | 8.3% | 4.3% |
| Net income | -251.84M CNY | 949.64M CNY | 5.59B CNY |
| EPS (Diluted) | -0.16 CNY | 0.55 CNY | n/a |
| Operating cash flow | 1.92B CNY | 3.37B CNY | -3.01B CNY |
| Free cash flow | -5.74B CNY | -1.33B CNY | -15.09B CNY |
| Cash & equivalents | 5.52B CNY | 14.31B CNY | 24.61B CNY |
| Total assets | 44.59B CNY | 80.00B CNY | 449.16B CNY |
| Total liabilities | 36.03B CNY | 52.26B CNY | 159.43B CNY |
| Shareholders' equity | 6.85B CNY | 25.78B CNY | 266.33B CNY |
| Return on year-end equity | -3.7% | 3.7% | 2.1% |
| Shares outstanding | n/a | n/a | n/a |
Revenue, most recent five fiscal years
| Fiscal year | VNET Group, Inc. | GDS Holdings Ltd | Baidu, Inc. |
|---|---|---|---|
| Latest | 3.79B CNY Ended 2019-12-31 | 11.43B CNY Ended 2025-12-31 | 129.08B CNY Ended 2025-12-31 |
| 1 year earlier | 3.40B CNY Ended 2018-12-31 | 10.32B CNY Ended 2024-12-31 | 133.12B CNY Ended 2024-12-31 |
| 2 years earlier | 3.39B CNY Ended 2017-12-31 | 9.78B CNY Ended 2023-12-31 | 134.60B CNY Ended 2023-12-31 |
| 3 years earlier | 3.64B CNY Ended 2016-12-31 | 9.27B CNY Ended 2022-12-31 | 123.67B CNY Ended 2022-12-31 |
| 4 years earlier | 3.63B CNY Ended 2015-12-31 | 7.82B CNY Ended 2021-12-31 | 124.49B CNY Ended 2021-12-31 |