Grid Dynamics Holdings vs TSS
Grid Dynamics Holdings reported revenue of $412 million in fiscal 2025, 1.7 times TSS's $246 million in fiscal 2025. Grid Dynamics Holdings' revenue grew 17.5% in its latest year, and TSS's grew 65.9%. Grid Dynamics Holdings had an operating margin of -0.5%, against 2.6% at TSS. Free cash flow was $25 million at Grid Dynamics Holdings and $2 million at TSS.
Side by side
| Grid Dynamics Holdings | TSS | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $412M | $246M |
| Revenue growth | 17.5% | 65.9% |
| Revenue growth a year, last 5 years | 29.9% | 40.4% |
| Gross margin | 34.6% | 13.2% |
| Operating margin | −0.5% | 2.6% |
| Net margin | 2.4% | 6.2% |
| Free cash flow | $25M | $2M |
| Free cash flow margin | 6.1% | 0.9% |
| Return on capital | — | — |
| Net debt to EBITDA | — | −9.1x |
| Dividends and buybacks | $2M | $5M |
| Change in diluted share count | 8.7% | 8.6% |
| Last close | $13.10 | $6.70 |
| P/E at the last close | 145.6× | 10.8× |
| Insider trades, last 12 months | sold $1.1 million | bought $40,000, sold $8.9 million |
| Piotroski F-score | — | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Grid Dynamics HoldingsTSS
Operating margin
Percent of revenue
Grid Dynamics HoldingsTSS
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Grid Dynamics HoldingsTSS
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Grid Dynamics Holdings and TSS pages.