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NVIDIA Corporation (NVDA.US) - analysis, score and valuation

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Is it worth investing?

NVIDIA Corporation is a solid business, at a price to match.

$230.86 +44.02% over 12 months Last updated: iun. 10, 2026

NVIDIA Corporation (NVDA) is a company in the Semiconductors industry, listed on NASDAQ, with a market capitalisation of 5.59 trillion USD. The stock trades at 230.86 USD, close to its 52-week high.

Against trailing twelve-month earnings, the price asks 30.4 times profit, versus 64.0 times for the industry median. Return on equity stands at 134.9%, against an industry median of 6.8%. Revenue has grown 66.9% a year over the past five years.

Over the past twelve months the stock returned +44.0%, against +24.8% for SPY over the same period. The analysis below covers valuation, profitability, growth, the balance sheet and price behaviour, with data updated daily.

Key data

Price and Trading

  • OpenThe price at which NVIDIA Corporation shares first traded in the latest session.
  • CloseThe price of the last NVIDIA Corporation trade in the session that closed.
  • Day rangeThe lowest and highest price NVIDIA Corporation shares reached in that session.
  • VolumeHow many NVIDIA Corporation shares changed hands in the latest session.
  • 52-week rangeThe lowest and highest price of NVIDIA Corporation shares over the past year.
  • Position in the 52-week rangeWhere the current price of NVIDIA Corporation shares sits between the low and the high of the past year. 100% means right at the high.
  • 50-day averageThe average price of NVIDIA Corporation shares over the last 50 sessions. Shows the short-term trend.
  • 200-day averageThe average price of NVIDIA Corporation shares over the last 200 sessions. Shows the long-term trend.
  • Market capThe market value of all NVIDIA Corporation shares combined.

Some values update after the trading session opens, others are recalculated after it closes.

Earnings and Valuation

  • Earnings per shareHow much net profit belongs to a single NVIDIA Corporation share over the last twelve months.
  • Estimated earnings, current yearThe earnings per share analysts expect from NVIDIA Corporation for the current financial year.
  • Estimated earnings, next yearThe earnings per share expected from NVIDIA Corporation for the following financial year.
  • Revenue per shareHow much of the annual sales of NVIDIA Corporation belongs to a single share.
  • Book value per shareHow much NVIDIA Corporation equity belongs to one share, once debt is subtracted from assets.
  • Revenue, last 12 monthsTotal NVIDIA Corporation sales across the last four reported quarters.
  • Price / earningsHow many years of current profit a NVIDIA Corporation share costs at today price.
  • Forward price / earningsThe same ratio, but against the profit NVIDIA Corporation is expected to make next year.
  • PEGThe price/earnings ratio of NVIDIA Corporation divided by its growth rate. Below 1 is considered cheap relative to how fast it grows.
  • Enterprise value / EBITDAThe price of the whole NVIDIA Corporation business, debt included, against operating profit before depreciation.

Some values update after the trading session opens, others are recalculated after it closes.

Return and Risk

Moderate risk · 60
  • Net marginHow much net profit NVIDIA Corporation keeps out of every unit of sales.
  • Return on equityHow much net profit NVIDIA Corporation produces from shareholder money.
  • Dividend yieldHow much NVIDIA Corporation pays out in dividends each year, relative to the share price.
  • Dividend per shareThe estimated annual amount received for each NVIDIA Corporation share held.
  • Payout ratioWhat share of NVIDIA Corporation profit goes back to shareholders as dividends. The rest stays in the company.
  • BetaHow strongly NVIDIA Corporation shares move against the market. 1 means the same, above 1 means wider swings.
  • Debt / equityHow much debt NVIDIA Corporation carries for every unit of equity.
  • Short interest as % of floatWhat share of freely tradable NVIDIA Corporation stock is sold short, as a bet on a decline.
  • Days to cover short positionsHow many normal trading days it would take to close every short position on NVIDIA Corporation.

Some values update after the trading session opens, others are recalculated after it closes.

Indicators for NVIDIA Corporation (NVDA) stock

How good the business is, how expensive the price is, and what the chart is doing for NVDA stock. How we calculate the three indicators

Fundamentals

77.6Out of 100

Solid

It stands best on growth, 100.0 out of 100; lowest, health and risk, at 59.9. Against its sector it stands at 74 out of 100, so the two readings confirm each other.

Quality72.9
Growth100.0
Health and risk59.9
Free cash flow margin100.0
Gross profitability100.0
Profitability100.0
Low leverage96.4
Piotroski F-Score44.4
Earnings stability0.0

Valuation

50.4Out of 100

Fair

The business produces 2.0 percentage points a year less than the interest on a government bond. It looks cheapest on earnings against market capitalisation (54 out of 100), dearest on price against estimated value (44).

Earnings against market capitalisation: 53.8 out of 100

Earnings yield61.1
P/E (TTM)46.4

Earnings against enterprise value: 53.1 out of 100

EV/EBIT40.7
Acquirer's multiple40.7
Magic Formula yield58.0
EVA yield73.0

Free cash flow against price: 50.4 out of 100

FCF yield50.4

Price against estimated value: 44.3 out of 100

Margin of safety56.5
Price / floor value50.9
EPV vs price25.6

Technical

-6Out of ±100

Neutral

Signals: 5 positive and 6 negative, with a weak trend (ADX 23). The heaviest weight comes from the “position in the recent range” family, and no signal family points the other way.

Price against the moving averages: +0.67

Price vs MA200+6.8% from the average
Price vs MA50+0.4% from the average
MA50 vs MA200Short average above the long one

MACD: 0.00

MACD histogram-3.15
MACD line vs 0+1.85

Position in the recent range: -1.00

RSI 1440.3
CCI 20-104
Bollinger %B0.13

Long-term momentum: 0.00

Aroon oscillator+32
Coppock-1.8
12-month momentum+43% a year, +38% above the rate

Volume and money flow: +0.50

Money flow CMF-0.002
OBV volume, 50dSlope +0.225

Breakouts and reversals: -0.50

Parabolic SARAbove price, falling
Donchian channelInside the 20-day channel

NVIDIA Corporation (NVDA) stock: arguments for and against

What supports and what weakens the investment case for NVDA stock

Pro18 arguments
  • For shareholders, the business earns 163.0% a year - above the sector.Every unit of capital put in by shareholders brings 163.0% a year, more than at rivals, who make 10.9%.
  • NVIDIA Corporation (NVDA) shares come from a business that keeps 63.7% of sales.63.7% of sales is kept, more than rivals. In technology that gap matters less than the pace of growth: high margins are the sector's starting point, and it retains 7.2%.
  • Earnings per share grew 95.4% a year, five years running.The profit attached to each share rose 95.4% in each of the past five years, so the growth reached shareholders too. Companies in the Technology sector grew 11.5% a year on average.
  • Revenue grew 66.9% a year, five years running.Money taken in from sales rose 66.9% in each of the past five years. Companies in the Technology sector grew 11.4% a year on average over the same period.
  • NVIDIA Corporation debt is 0.06 times annual earnings from operations.At that level, a weak year would put no pressure on results. Companies in the Technology sector stand at 1.4.
  • The bankruptcy model places the company in the safe zone.The Altman score, which predicts failures from the balance sheet, is 16.47. Below 2.60 the risk zone would begin.
  • The 50-day price average sits above the 200-day.The price sits 6.8% above its 200-day average. Many investors watch this pattern as a sign of an upward trend.
  • Money put back into the business earns more than it costs.Every unit reinvested brings 72.6% a year while funding costs 15.2%. As long as the gap stays positive, growth adds value.
  • Short-selling pressure is minimal.Only 1.0% of the freely traded shares are borrowed as a bet on a fall, and buying them back would take 1.84 trading days.
  • The last 8 results beat analyst estimates.8 times running, results came in above what the market expected, most recently by 5.7%. Over the past eight quarters the beat rate is 100.0%.
  • The latest results from NVIDIA Corporation beat analyst estimates by 5.7%.The size of the gap matters, not only that there was a beat. A few percent above is a different thing from a beat that changes the scale of the profit.
  • Over the last twelve months, NVIDIA Corporation shares beat the SPY index by 19.3 points, returning 44.0%.Comparing against the index shows whether the move came from the company or from the market. One year says nothing about the next, but it says who did the work.
  • Revenue at NVIDIA Corporation rose in each of the last four quarters, by 69.1% on average.Every quarter came in above the same quarter a year earlier, so the growth is not a single good period. The comparison is year over year precisely so seasonality cannot flatter it.
  • In the latest reported quarter, revenue was 85.2% above the same quarter a year earlier.This is the freshest published sales figure and it is set against the equivalent period, not the previous quarter, so seasonality cannot inflate it.
  • Gross margin improved by 14.4 points against the same quarter a year earlier.More of every unit of sales is left after the direct cost of the product. This is the first place where pricing power or cost control shows up.
  • Shareholder equity grew by 133.1% over one year.The part of the company that belongs to shareholders got bigger. It grows out of retained profit or revaluation, not out of borrowed money.
  • Of the last 8 reports, 8 came in above estimates.One good quarter can be luck, a long run suggests the company knows its own numbers and guides conservatively.
  • It trades $32.15B a day on average.With daily turnover that size, an ordinary order gets in and out without moving the price, and the spread stays narrow.
Against10 arguments
  • NVIDIA Corporation (NVDA) shares pay 0.1% a year, below the sector.The dividend yields 0.1% a year on the share price, so anyone looking for regular income will find more elsewhere. Companies in the Technology sector pay 5.3%.
  • NVIDIA Corporation shares trade at 28.9 times annual earnings, well above the sector.For every unit of annual profit, a buyer pays 28.9. Companies in the Technology sector ask 27.5.
  • Free cash is 2.3% of the share price, below the sector.After expenses and investment, what is left equals 2.3% of the share price. Companies in the Technology sector generate 3.2%, so the same money invested buys less free cash here.
  • 5 people in management sold $171.17M of shares over the past year.No purchases in the same period. Sales can have personal reasons (taxes, a loan, diversification), but the direction is unanimous.
  • No barrier is found that would keep competitors at a distance.Neither scale, nor brand, nor the cost of switching supplier stops a determined rival. Without such a barrier, earnings are harder to defend.
  • Institutions sold on balance last quarter: 15 funds sold, 11 bought.15 funds sold and 11 bought over the past three months. They still hold 70.8% of the company.
  • Cash from operations covers only 78.7% of the reported profit.The gap between profit and cash usually sits in unpaid invoices, inventory or entries that have not turned into money yet. It is one of the standard earnings quality checks.
  • Inventory is building faster than sales: 127.6% against 85.2%.Goods are piling up faster than they leave. What usually follows is either discounting to clear them or a cut in production, and both press on the margin.
  • Through Bear market 2022 it lost 66.3%, more than 88% of comparable companies.In a falling market the share dropped harder than most of its peers. It is a measure of how deep it can go, not a forecast.
  • For NVIDIA Corporation, the model puts the odds of trading below today’s price a year from now at 62%.The distribution is computed on similar past cases and leans to the downside. It is not a prediction, it is an observed frequency.

Verdict

The NVIDIA Corporation score from 0 to 100, built from over 400 financial indicators. Not investment advice.

Neutral
ExpensiveBalancedGrowth
  • In Technology, NVIDIA Corporation is above the sector average on growth and quality, below it on shareholder yield and stability.
  • neutral verdicts returned a median of +12.2% over one year, across 63,296 assessments.

At NVIDIA Corporation, earnings per share have grown 204% a year for three years.
But the price asks 1.6 times the estimated value.

Return on capital exceeds the cost of that capital. Revenue grows 100% a year. Against ten-year average profit, the price asks 196 times as much.

Analysis produced automatically by einvestitii.ro, on data as of oct. 1, 2026. It is not investment advice. Who produces it, what it rests on and what conflicts of interest exist: see the full disclosure.

What it is really worth

Value & Valuation

The market price is what buyers are asking today. Here we work out what the share should cost based on the company’s own figures: using the valuation models professional investors rely on, the growth the current price assumes, and the target set by the analysts who follow the company.

what analysts think

What the analysts covering NVIDIA Corporation think, and where they see the price 12 months out. These are their estimates, not ours.

Analyst consensus

What the 63 analysts covering NVIDIA Corporation think

Strong buy

average 4.52 out of 5, from 63 analysts

Strong sellStrong buy
  • Strong sell12%
  • Sell00%
  • Hold711%
  • Buy1219%
  • Strong buy4368%

The analyst consensus is more optimistic than our score, by 24 points on the same 0 to 100 scale.

Analyst estimates, third-party source. These are not our verdict.

Price target

Where analysts see NVIDIA Corporation shares 12 months out

$295.69

+47.54% against today price

52-week low $132.8952-week high $236.54
  • today$230.86
  • target$295.69

The target falls outside the 52-week range for NVIDIA Corporation; the marker is capped at the end.

Rise from the low of the past year+73.72%
Fall from the high of the past year−2.40%
  • Price today$230.86
  • Revisions, last 30 days40 ↑1 ↓
  • Expected earnings growth+67.33%
  • Analysts covering63

Analyst estimates, third-party source.

Transparency · MAR

fair value

Overvalued

What NVIDIA Corporation shares should cost, according to the valuation models of the best-known investors in history.

Estimated fair value

The average of the Graham, Buffett, Lynch models, and others.

$141.29−38.8% versus price

the price is 1.63 times the estimate from 4 models

×0.5×1
fair range $50.94 - $192.85price today $230.86

Logarithmic scale; the marks are multiples of the fair value.

Price versus estimate 1.63×Confidence in the estimate: HighSpread across models 49%Median of 4 models

These are estimates, not price targets: every model starts from assumptions about the future, and if the assumptions change, so does the number.

The models, one by one

8 methods with a value for NVIDIA Corporation. The fair value above is the median across 4 of them, chosen by how well they fit the company. All of them are here, for reference.

Graham Number$34.59−85.0% versus price
Buffett with growth$104.25−54.8% versus price
Buffett without growth$33.17−85.6% versus price
Lynch Fair Price$197.70−14.4% versus price
Net current assets$3.14−98.6% versus price
Earnings Power Value (EPV)$12.60−94.5% versus price
Absolute floor$52.72−77.2% versus price
DCF value$73.26−68.3% versus price

Transparency · MAR

projections

These are not predictions. The model splits the possible outcomes into ranges and reports how often the price landed in each, across similar cases in the past.

computed on 9 august 2026

Where the price could go

The price range NVIDIA Corporation shares could fall into, from six months out to five years

6 months

Where the price could go

The price range NVIDIA Corporation shares could fall into, from six months out to five years

+2.9%most likely · $206.28
Pessimistic −26%Optimistic +45%
  • Today's price$200.42
  • Median$206.28
Pessimistic scenario$148.68
Optimistic scenario$290.10

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

No clear tilt

  • Chance it ends higher than today55%
  • Chance it beats the indexindex +4.8%48%
  • Chance of a gain over 20%26%
  • Chance of a drop over 10%26%
  • Chance of a drop over 20%15%

12 months

Where the price could go

The price range NVIDIA Corporation shares could fall into, from six months out to five years

−6.9%most likely · $186.55
Pessimistic −31%Optimistic +46%
  • Today's price$200.42
  • Median$186.55
Pessimistic scenario$137.30
Optimistic scenario$292.00

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

More often down

  • Chance it ends higher than today38%
  • Chance it beats the indexindex +9.6%29%
  • Chance of a gain over 20%24%
  • Chance of a drop over 10%47%
  • Chance of a drop over 20%35%

3 years

Where the price could go

The price range NVIDIA Corporation shares could fall into, from six months out to five years

+36.2%most likely · $272.91
Pessimistic +4%Optimistic +56%
  • Today's price$200.42
  • Median$272.91
Pessimistic scenario$207.58
Optimistic scenario$313.31

Expected growth over 3 years, per year: +10.8% per year, between +1% and +16%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+14.8%
  • the dividend+1.0%
  • multiple re-rating−5.0%

5 years

Where the price could go

The price range NVIDIA Corporation shares could fall into, from six months out to five years

+64.9%most likely · $330.55
Pessimistic +6%Optimistic +88%
  • Today's price$200.42
  • Median$330.55
Pessimistic scenario$212.50
Optimistic scenario$375.87

Expected growth over 5 years, per year: +10.5% per year, between +1% and +13%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+13.9%
  • the dividend+1.0%
  • multiple re-rating−4.4%

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Transparency · MAR

How the business is actually doing

The Business & Its Results

Fundamental analysis of NVIDIA Corporation (NVDA) stock: profitability, growth rate and capital efficiency, measured on reported figures. The fundamental score is 63.6 out of 100, held up by growth and pulled down by value.

63.6 · solid

value14.6/100
quality72.9/100
growth100.0/100
dividends66.9/100

the business and its results

Results above the sector

How profitable is it?

99 · strong

Capital invested in NVIDIA Corporation produces 72.57% a year, and shareholders' equity 163.03%. Above what most companies in the sector manage.

  • Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
  • Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
  • Gross profitabilityGross profit against assets — the quality measure proposed by Novy-Marx. High readings point to a durable competitive advantage.
  • Free cash flow marginHow much of sales is left as free cash after investment. Above ~15% is very healthy.
  • Cash operating profitabilityProfitability measured on cash actually collected, not on accounting profit. High readings mean reported profit is backed by real money.
  • ROIC − WACC spreadThe gap between the return on capital and what that capital costs. Positive means invested capital adds value. Negative means it destroys value.
  • Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.

How fast does it grow?

94 · strong

NVIDIA Corporation revenue grew 66.90% a year over the past five years, and net profit 94.33%, a pace in the upper end of the sector.

  • Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • Free cash flow growth (5-year annual)Average yearly growth in free cash flow. Keeping pace with profit means growth is backed by real money.
  • Net income growth (5-year annual)Average yearly growth in net income. Steady and positive points to a predictable business model.
  • Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • Consecutive years of dividend growthHow many years in a row the dividend per share has grown, without a single break. A long streak shows a company that can afford to raise the payout to shareholders year after year.

Is profit backed by real cash?

39 · weak

The NVIDIA Corporation Piotroski score is 4 out of 9, and the earnings quality signals sit below the sector average.

  • Piotroski F-score (0–9)Nine financial health checks; each one passed adds a point. 7 or more means improving fundamentals.
  • Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
  • Montier C-score (0–6)Six warning signals about the quality of accounting. 0–1 is clean; 4 or above calls for caution.
  • Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
  • Stock-based compensation dilutionHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.

How efficiently does it use its money?

54 · average

Money put into sales comes back to NVIDIA Corporation in 97 days.

  • Cash conversion cycleHow many days pass between paying suppliers and collecting from customers. Low or negative means the company funds operations with its partners' money.
  • Cash conversion cycle (5-year average)The five-year average of the conversion cycle — it shows consistency, not just this year. Stable and low means durable operational discipline.
  • Cash conversion rateHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
  • ROIC minus WACC spread (5-year average)The same gap between the return on capital and its cost, but computed on the five-year average return rather than the current year. Positive and stable means growth worth financing.

The scores are percentiles against companies in the same sector, not absolute marks. A low score means the sector is doing better, not necessarily that the figures are bad.

financial data

The income statement, balance sheet and cash flows of NVIDIA Corporation. Totals and main components are shown by default; the rest open from “all rows”.

revenue$215.94 bn+65.5%201720262017$6.91 bn2018$9.71 bn2019$11.72 bn2020$10.92 bn2021$16.68 bn2022$26.91 bn2023$26.97 bn2024$60.92 bn2025$130.50 bn2026$215.94 bn
operating income$130.39 bn+60.1%201720262017$1.93 bn2018$3.21 bn2019$3.80 bn2020$2.85 bn2021$4.53 bn2022$10.04 bn2023$4.22 bn2024$32.97 bn2025$81.45 bn2026$130.39 bn
net income$120.07 bn+64.7%201720262017$1.67 bn2018$3.05 bn2019$4.14 bn2020$2.80 bn2021$4.33 bn2022$9.75 bn2023$4.37 bn2024$29.76 bn2025$72.88 bn2026$120.07 bn
Income statement, annual, 6 periods
 2026Δ 202520252024202320222021
$215.94 bn100%+65.5%$130.50 bn100%$60.92 bn100%$26.97 bn100%$26.91 bn100%$16.68 bn100%

Everything the company collected from sales, before any expense. At NVIDIA Corporation, in 2026: $215.94 bn · Δ +65.5% (2025).

$62.48 bn28.9%+91.4%$32.64 bn25.0%$16.62 bn27.3%$11.62 bn43.1%$9.44 bn35.1%$6.28 bn37.7%

What it cost to produce what was sold: materials, labour, the factory. At NVIDIA Corporation, in 2026: $62.48 bn · Δ +91.4% (2025).

$153.46 bn71.1%+56.8%$97.86 bn75.0%$44.30 bn72.7%$15.36 bn56.9%$17.48 bn64.9%$10.40 bn62.3%

What is left from sales after the direct cost of the product, before admin salaries and research. At NVIDIA Corporation, in 2026: $153.46 bn · Δ +56.8% (2025).

gross margin71.1%71.1%75.0%75.0%72.7%72.7%56.9%56.9%64.9%64.9%62.3%62.3%
$18.50 bn8.6%+43.2%$12.91 bn9.9%$8.68 bn14.2%$7.34 bn27.2%$5.27 bn19.6%$3.92 bn23.5%

Money put into tomorrow’s products: research, engineering, software. At NVIDIA Corporation, in 2026: $18.50 bn · Δ +43.2% (2025).

$4.58 bn2.1%+31.2%$3.49 bn2.7%$2.65 bn4.4%$2.44 bn9.0%$2.17 bn8.0%$1.94 bn11.6%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At NVIDIA Corporation, in 2026: $4.58 bn · Δ +31.2% (2025).

$85.55 bn39.6%+74.4%$49.04 bn37.6%$27.95 bn45.9%$22.75 bn84.3%$16.87 bn62.7%$12.14 bn72.8%

The sum of all costs: cost of product plus operating expenses. At NVIDIA Corporation, in 2026: $85.55 bn · Δ +74.4% (2025).

$23.08 bn10.7%+40.7%$16.41 bn12.6%$11.33 bn18.6%$11.13 bn41.3%$7.43 bn27.6%$5.86 bn35.2%

The sum of expenses that do not go directly into the product. At NVIDIA Corporation, in 2026: $23.08 bn · Δ +40.7% (2025).

$130.39 bn60.4%+60.1%$81.45 bn62.4%$32.97 bn54.1%$4.22 bn15.7%$10.04 bn37.3%$4.53 bn27.2%

Profit from the core business, before interest and tax. At NVIDIA Corporation, in 2026: $130.39 bn · Δ +60.1% (2025).

operating margin60.4%60.4%62.4%62.4%54.1%54.1%15.7%15.7%37.3%37.3%27.2%27.2%
$144.55 bn66.9%+67.8%$86.14 bn66.0%$35.58 bn58.4%$5.99 bn22.2%$11.35 bn42.2%$5.69 bn34.1%

Profit before interest, tax and depreciation. Close to the cash the business produces. At NVIDIA Corporation, in 2026: $144.55 bn · Δ +67.8% (2025).

$141.71 bn65.6%+68.2%$84.27 bn64.6%$34.08 bn55.9%$4.44 bn16.5%$10.18 bn37.8%$4.59 bn27.5%

Profit before interest and tax. At NVIDIA Corporation, in 2026: $141.71 bn · Δ +68.2% (2025).

Depreciation and amortisation$2.84 bn1.3%+52.5%$1.86 bn1.4%$1.51 bn2.5%$1.54 bn5.7%$1.17 bn4.4%$1.10 bn6.6%
Reconciled depreciation$2.84 bn1.3%+52.5%$1.86 bn1.4%$1.51 bn2.5%$1.54 bn5.7%$1.17 bn4.4%$1.10 bn6.6%
Interest income$2.30 bn1.1%+28.8%$1.79 bn1.4%$866.0 m1.4%$267.0 m1.0%$29.0 m0.1%$57.0 m0.3%
Interest expense$259.0 m0.1%+4.9%$247.0 m0.2%$257.0 m0.4%$262.0 m1.0%$236.0 m0.9%$184.0 m1.1%
Net interest income$2.04 bn0.9%+32.6%$1.54 bn1.2%$609.0 m1.0%$5.0 m0.0%−$207.0 m-0.8%−$127.0 m-0.8%
—-—-—-$219.0 m0.8%$136.0 m0.5%$61.0 m0.4%

Gains and losses that do not come from the core business.

$11.06 bn5.1%+330%$2.57 bn2.0%$846.0 m1.4%−$43.0 m-0.2%−$100.0 m-0.4%−$123.0 m-0.7%

The balance of all non-operating income and expense. At NVIDIA Corporation, in 2026: $11.06 bn · Δ +330% (2025).

$141.45 bn65.5%+68.3%$84.03 bn64.4%$33.82 bn55.5%$4.18 bn15.5%$9.94 bn36.9%$4.41 bn26.4%

Profit left after interest, but before the state takes its share. At NVIDIA Corporation, in 2026: $141.45 bn · Δ +68.3% (2025).

$21.38 bn9.9%+91.8%$11.15 bn8.5%$4.06 bn6.7%−$187.0 m-0.7%$189.0 m0.7%$77.0 m0.5%

Income tax owed for the period. At NVIDIA Corporation, in 2026: $21.38 bn · Δ +91.8% (2025).

Tax provision$21.38 bn9.9%+91.8%$11.15 bn8.5%$4.06 bn6.7%−$187.0 m-0.7%$189.0 m0.7%$77.0 m0.5%
$120.07 bn55.6%+64.7%$72.88 bn55.8%$29.76 bn48.8%$4.37 bn16.2%$9.75 bn36.2%$4.33 bn26.0%

Profit from the businesses the company will still have next year. At NVIDIA Corporation, in 2026: $120.07 bn · Δ +64.7% (2025).

$120.07 bn55.6%+64.7%$72.88 bn55.8%$29.76 bn48.8%$4.37 bn16.2%$9.75 bn36.2%$4.33 bn26.0%

The profit left for shareholders after absolutely every expense. At NVIDIA Corporation, in 2026: $120.07 bn · Δ +64.7% (2025).

net margin55.6%55.6%55.8%55.8%48.8%48.8%16.2%16.2%36.2%36.2%26.0%26.0%
—-—-—-$4.37 bn16.2%$9.75 bn36.2%$4.33 bn26.0%

The share of profit that belongs to ordinary shares.

revenue$81.62 bn+85.2%Q3 24Q2 26Q3 24$30.04 bnQ4 24$35.08 bnQ1 25$39.33 bnQ2 25$44.06 bnQ3 25$46.74 bnQ4 25$57.01 bnQ1 26$68.13 bnQ2 26$81.62 bn
operating income$53.54 bn+147%Q3 24Q2 26Q3 24$18.64 bnQ4 24$21.87 bnQ1 25$24.03 bnQ2 25$21.64 bnQ3 25$28.44 bnQ4 25$36.01 bnQ1 26$44.30 bnQ2 26$53.54 bn
net income$58.32 bn+211%Q3 24Q2 26Q3 24$16.60 bnQ4 24$19.31 bnQ1 25$22.09 bnQ2 25$18.78 bnQ3 25$26.42 bnQ4 25$31.91 bnQ1 26$42.96 bnQ2 26$58.32 bn
Income statement, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$81.62 bn100%+85.2%$68.13 bn100%$57.01 bn100%$46.74 bn100%$44.06 bn100%$39.33 bn100%

Everything the company collected from sales, before any expense. At NVIDIA Corporation, in Q2 26: $81.62 bn · Δ +85.2% (Q2 25).

$20.46 bn25.1%+17.6%$17.03 bn25.0%$15.16 bn26.6%$12.89 bn27.6%$17.39 bn39.5%$10.61 bn27.0%

What it cost to produce what was sold: materials, labour, the factory. At NVIDIA Corporation, in Q2 26: $20.46 bn · Δ +17.6% (Q2 25).

$61.16 bn74.9%+129%$51.09 bn75.0%$41.85 bn73.4%$33.85 bn72.4%$26.67 bn60.5%$28.72 bn73.0%

What is left from sales after the direct cost of the product, before admin salaries and research. At NVIDIA Corporation, in Q2 26: $61.16 bn · Δ +129% (Q2 25).

gross margin74.9%74.9%75.0%75.0%73.4%73.4%72.4%72.4%60.5%60.5%73.0%73.0%
$6.32 bn7.7%+58.5%$5.51 bn8.1%$4.71 bn8.3%$4.29 bn9.2%$3.99 bn9.1%$3.71 bn9.4%

Money put into tomorrow’s products: research, engineering, software. At NVIDIA Corporation, in Q2 26: $6.32 bn · Δ +58.5% (Q2 25).

$1.30 bn1.6%+24.9%$1.28 bn1.9%$1.13 bn2.0%$1.12 bn2.4%$1.04 bn2.4%$975.0 m2.5%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At NVIDIA Corporation, in Q2 26: $1.30 bn · Δ +24.9% (Q2 25).

of which: selling and marketing$1.30 bn1.6%—-—-—-—-—-
$28.08 bn34.4%+25.2%$23.83 bn35.0%$21.00 bn36.8%$18.30 bn39.2%$22.42 bn50.9%$15.30 bn38.9%

The sum of all costs: cost of product plus operating expenses. At NVIDIA Corporation, in Q2 26: $28.08 bn · Δ +25.2% (Q2 25).

$7.62 bn9.3%+51.5%$6.79 bn10.0%$5.84 bn10.2%$5.41 bn11.6%$5.03 bn11.4%$4.69 bn11.9%

The sum of expenses that do not go directly into the product. At NVIDIA Corporation, in Q2 26: $7.62 bn · Δ +51.5% (Q2 25).

$53.54 bn65.6%+147%$44.30 bn65.0%$36.01 bn63.2%$28.44 bn60.8%$21.64 bn49.1%$24.03 bn61.1%

Profit from the core business, before interest and tax. At NVIDIA Corporation, in Q2 26: $53.54 bn · Δ +147% (Q2 25).

operating margin65.6%65.6%65.0%65.0%63.2%63.2%60.8%60.8%49.1%49.1%61.1%61.1%
$70.80 bn86.7%+213%$51.28 bn75.3%$38.75 bn68.0%$31.94 bn68.3%$22.58 bn51.3%$25.82 bn65.7%

Profit before interest, tax and depreciation. Close to the cash the business produces. At NVIDIA Corporation, in Q2 26: $70.80 bn · Δ +213% (Q2 25).

$69.80 bn85.5%+218%$50.47 bn74.1%$38.00 bn66.7%$31.27 bn66.9%$21.97 bn49.9%$25.28 bn64.3%

Profit before interest and tax. At NVIDIA Corporation, in Q2 26: $69.80 bn · Δ +218% (Q2 25).

Depreciation and amortisation$997.0 m1.2%+63.2%$812.0 m1.2%$751.0 m1.3%$669.0 m1.4%$611.0 m1.4%$543.0 m1.4%
Reconciled depreciation$997.0 m1.2%+63.2%$812.0 m1.2%$751.0 m1.3%$669.0 m1.4%$611.0 m1.4%$543.0 m1.4%
Interest income$540.0 m0.7%+4.9%$568.0 m0.8%$624.0 m1.1%$592.0 m1.3%$515.0 m1.2%$511.0 m1.3%
Interest expense$102.0 m0.1%+61.9%$73.0 m0.1%$61.0 m0.1%$62.0 m0.1%$63.0 m0.1%$61.0 m0.2%
Net interest income$438.0 m0.5%−3.1%$495.0 m0.7%$563.0 m1.0%$530.0 m1.1%$452.0 m1.0%$450.0 m1.1%
$16.37 bn20.1%+5,917%$6.10 bn9.0%$1.93 bn3.4%$2.77 bn5.9%$272.0 m0.6%$1.18 bn3.0%

The balance of all non-operating income and expense. At NVIDIA Corporation, in Q2 26: $16.37 bn · Δ +5,917% (Q2 25).

$69.90 bn85.6%+219%$50.40 bn74.0%$37.94 bn66.5%$31.21 bn66.8%$21.91 bn49.7%$25.22 bn64.1%

Profit left after interest, but before the state takes its share. At NVIDIA Corporation, in Q2 26: $69.90 bn · Δ +219% (Q2 25).

$11.58 bn14.2%+269%$7.44 bn10.9%$6.03 bn10.6%$4.78 bn10.2%$3.14 bn7.1%$3.13 bn7.9%

Income tax owed for the period. At NVIDIA Corporation, in Q2 26: $11.58 bn · Δ +269% (Q2 25).

Tax provision$11.58 bn14.2%+269%$7.44 bn10.9%$6.03 bn10.6%$4.78 bn10.2%$3.14 bn7.1%$3.13 bn7.9%
$58.32 bn71.5%+211%$42.96 bn63.1%$31.91 bn56.0%$26.42 bn56.5%$18.78 bn42.6%$22.09 bn56.2%

Profit from the businesses the company will still have next year. At NVIDIA Corporation, in Q2 26: $58.32 bn · Δ +211% (Q2 25).

$58.32 bn71.5%+211%$42.96 bn63.1%$31.91 bn56.0%$26.42 bn56.5%$18.78 bn42.6%$22.09 bn56.2%

The profit left for shareholders after absolutely every expense. At NVIDIA Corporation, in Q2 26: $58.32 bn · Δ +211% (Q2 25).

net margin71.5%71.5%63.1%63.1%56.0%56.0%56.5%56.5%42.6%42.6%56.2%56.2%
total assets$206.80 bn+85.3%201720262017$9.84 bn2018$11.24 bn2019$13.29 bn2020$17.32 bn2021$28.79 bn2022$44.19 bn2023$41.18 bn2024$65.73 bn2025$111.60 bn2026$206.80 bn
total liabilities$49.51 bn+53.4%201720262017$4.08 bn2018$3.77 bn2019$3.95 bn2020$5.11 bn2021$11.90 bn2022$17.58 bn2023$19.08 bn2024$22.75 bn2025$32.27 bn2026$49.51 bn
shareholders equity$157.29 bn+98.3%201720262017$5.76 bn2018$7.47 bn2019$9.34 bn2020$12.20 bn2021$16.89 bn2022$26.61 bn2023$22.10 bn2024$42.98 bn2025$79.33 bn2026$157.29 bn
Balance sheet, annual, 6 periods
 2026Δ 202520252024202320222021
$206.80 bn100%+85.3%$111.60 bn100%$65.73 bn100%$41.18 bn100%$44.19 bn100%$28.79 bn100%

Everything the company owns: factories, inventory, cash, receivables. At NVIDIA Corporation, in 2026: $206.80 bn · Δ +85.3% (2025).

$125.61 bn60.7%+56.8%$80.13 bn71.8%$44.35 bn67.5%$23.07 bn56.0%$28.83 bn65.2%$16.06 bn55.8%

What turns into money in less than a year. At NVIDIA Corporation, in 2026: $125.61 bn · Δ +56.8% (2025).

Cash$10.61 bn5.1%+23.5%$8.59 bn7.7%$7.28 bn11.1%$3.39 bn8.2%$1.99 bn4.5%$847.0 m2.9%
Short-term investments$51.95 bn25.1%+50.1%$34.62 bn31.0%$18.70 bn28.5%$9.91 bn24.1%$19.22 bn43.5%$10.71 bn37.2%
Cash and short-term investments$62.56 bn30.2%+44.8%$43.21 bn38.7%$25.98 bn39.5%$13.30 bn32.3%$21.21 bn48.0%$11.56 bn40.2%
Net receivables$38.47 bn18.6%+66.8%$23.07 bn20.7%$10.00 bn15.2%$3.83 bn9.3%$4.65 bn10.5%$2.43 bn8.4%
Inventory$21.40 bn10.3%+112%$10.08 bn9.0%$5.28 bn8.0%$5.16 bn12.5%$2.61 bn5.9%$1.83 bn6.3%
Other current assets$3.18 bn1.5%−15.7%$3.77 bn3.4%$3.08 bn4.7%$791.0 m1.9%$366.0 m0.8%$239.0 m0.8%
$81.20 bn39.3%+158%$31.48 bn28.2%$21.38 bn32.5%$18.11 bn44.0%$15.36 bn34.8%$12.74 bn44.2%

What stays in the company for years: buildings, machinery, licences. At NVIDIA Corporation, in 2026: $81.20 bn · Δ +158% (2025).

Property, plant and equipment—-—-—-$3.81 bn9.2%$3.61 bn8.2%$2.15 bn7.5%
PP&E, net$13.25 bn6.4%+64.1%$8.08 bn7.2%$5.26 bn8.0%$4.85 bn11.8%$3.61 bn8.2%$2.86 bn9.9%
$19.84 bn9.6%+59.0%$12.48 bn11.2%$8.77 bn13.3%$4.85 bn11.8%$3.61 bn8.2%$2.86 bn9.9%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At NVIDIA Corporation, in 2026: $19.84 bn · Δ +59.0% (2025).

Goodwill$20.83 bn10.1%+302%$5.19 bn4.6%$4.43 bn6.7%$4.37 bn10.6%$4.35 bn9.8%$4.19 bn14.6%
Intangible assets$3.31 bn1.6%+310%$807.0 m0.7%$1.11 bn1.7%$1.68 bn4.1%$2.34 bn5.3%$2.74 bn9.5%
Long-term investments$22.25 bn10.8%+557%$3.39 bn3.0%$1.55 bn2.4%$299.0 m0.7%$266.0 m0.6%$144.0 m0.5%
Other non-current assets$8.30 bn4.0%+173%$3.04 bn2.7%$2.95 bn4.5%$3.52 bn8.5%$3.58 bn8.1%$2.00 bn6.9%
Other assets$8.30 bn4.0%—-—-$6.92 bn16.8%$5.06 bn11.5%$2.95 bn10.2%
$49.51 bn23.9%+53.4%$32.27 bn28.9%$22.75 bn34.6%$19.08 bn46.3%$17.58 bn39.8%$11.90 bn41.3%

Everything the company owes, to banks and suppliers alike. At NVIDIA Corporation, in 2026: $49.51 bn · Δ +53.4% (2025).

$32.16 bn15.6%+78.2%$18.05 bn16.2%$10.63 bn16.2%$6.56 bn15.9%$4.34 bn9.8%$3.93 bn13.6%

Debts due in less than a year. At NVIDIA Corporation, in 2026: $32.16 bn · Δ +78.2% (2025).

Accounts payable$9.81 bn4.7%+55.5%$6.31 bn5.7%$2.70 bn4.1%$1.19 bn2.9%$1.78 bn4.0%$1.20 bn4.2%
Short-term debt$1.37 bn0.7%+376%$288.0 m0.3%$1.48 bn2.2%$1.25 bn3.0%$144.0 m0.3%$999.0 m3.5%
Current portion of long-term debt$999.0 m0.5%—-$1.25 bn1.9%$1.25 bn3.0%—-$999.0 m3.5%
Deferred revenue$1.38 bn0.7%+64.8%$837.0 m0.7%$764.0 m1.2%$354.0 m0.9%$300.0 m0.7%$288.0 m1.0%
Other current liabilities$19.60 bn9.5%+84.7%$10.61 bn9.5%$5.69 bn8.7%$3.77 bn9.1%$2.11 bn4.8%$1.44 bn5.0%
$17.35 bn8.4%+21.9%$14.23 bn12.7%$12.12 bn18.4%$12.52 bn30.4%$13.24 bn30.0%$7.97 bn27.7%

Debts due beyond one year. At NVIDIA Corporation, in 2026: $17.35 bn · Δ +21.9% (2025).

Long-term debt$7.47 bn3.6%−11.7%$8.46 bn7.6%$8.46 bn12.9%$9.70 bn23.6%$10.95 bn24.8%$5.96 bn20.7%
Total long-term debt—-—-—-$9.70 bn23.6%$10.95 bn24.8%$5.96 bn20.7%
Capital lease obligations$2.57 bn1.2%+42.3%$1.81 bn1.6%$1.35 bn2.0%$902.0 m2.2%$741.0 m1.7%$634.0 m2.2%
Other non-current liabilities$381.0 m0.2%+382%$79.0 m0.1%$65.0 m0.1%$1.91 bn4.6%$1.55 bn3.5%$2.01 bn7.0%
Other liabilities—-—-—-$1.91 bn4.6%$1.55 bn3.5%$1.38 bn4.8%
$157.29 bn76.1%+98.3%$79.33 bn71.1%$42.98 bn65.4%$22.10 bn53.7%$26.61 bn60.2%$16.89 bn58.7%

What would be left for shareholders if everything were sold and every debt paid. At NVIDIA Corporation, in 2026: $157.29 bn · Δ +98.3% (2025).

$24.0 m0.0%$24.0 m0.0%$2.0 m0.0%$2.0 m0.0%$3.0 m0.0%$1.0 m0.0%

Money put in by shareholders at founding and at capital raises. At NVIDIA Corporation, in 2026: $24.0 m.

$24.0 m0.0%$24.0 m0.0%$2.0 m0.0%$2.0 m0.0%$3.0 m0.0%$1.0 m0.0%

Capital subscribed by shareholders. At NVIDIA Corporation, in 2026: $24.0 m.

—-—-—-$11.97 bn29.1%$10.39 bn23.5%$8.72 bn30.3%

What was paid above the nominal value of the shares.

$146.97 bn71.1%+116%$68.04 bn61.0%$29.82 bn45.4%$10.17 bn24.7%$16.24 bn36.7%$18.91 bn65.7%

Past years’ profits the company kept instead of distributing. At NVIDIA Corporation, in 2026: $146.97 bn · Δ +116% (2025).

Retained earnings, total—-—-—-$10.17 bn24.7%$16.24 bn36.7%$18.91 bn65.7%
Accumulated other comprehensive income$178.0 m0.1%+536%$28.0 m0.0%$27.0 m0.0%−$43.0 m-0.1%−$11.0 m0.0%$19.0 m0.1%
Other equity items$10.12 bn4.9%−10.0%$11.24 bn10.1%$13.13 bn20.0%$11.97 bn29.1%$10.39 bn23.5%−$2.04 bn-7.1%
—-—-—-—-—-−$10.76 bn-37.4%

Own shares bought back by the company and taken out of circulation.

Common stock, total—-—-—-$2.0 m0.0%$3.0 m0.0%$1.0 m0.0%
$206.80 bn100%+85.3%$111.60 bn100%$65.73 bn100%$41.18 bn100%$44.19 bn100%$28.79 bn100%

Liabilities plus equity. Must equal total assets. At NVIDIA Corporation, in 2026: $206.80 bn · Δ +85.3% (2025).

$807.0 m0.4%−52.0%$1.68 bn1.5%$3.78 bn5.7%$8.47 bn20.6%$9.70 bn21.9%$6.75 bn23.4%

Debt left after subtracting cash in the bank. Negative means more money than debt. At NVIDIA Corporation, in 2026: $807.0 m · Δ −52.0% (2025).

$11.41 bn5.5%+11.1%$10.27 bn9.2%$11.06 bn16.8%$11.86 bn28.8%$11.69 bn26.4%$7.60 bn26.4%

All borrowings, short and long term. At NVIDIA Corporation, in 2026: $11.41 bn · Δ +11.1% (2025).

$93.44 bn45.2%+50.5%$62.08 bn55.6%$33.71 bn51.3%$16.51 bn40.1%$24.49 bn55.4%$12.13 bn42.1%

The difference between what it collects and what it pays in the short term. At NVIDIA Corporation, in 2026: $93.44 bn · Δ +50.5% (2025).

—-—-—-$16.05 bn39.0%$19.92 bn45.1%$9.96 bn34.6%

Assets without goodwill and licences, that is only what can be touched.

$165.76 bn80.2%+88.8%$87.79 bn78.7%$52.69 bn80.2%$10.95 bn26.6%$10.95 bn24.8%$23.86 bn82.9%

The capital the business actually has at work. At NVIDIA Corporation, in 2026: $165.76 bn · Δ +88.8% (2025).

24.43 bn-−1.5%24.80 bn-24.94 bn-25.07 bn-25.35 bn-25.12 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At NVIDIA Corporation, in 2026: $24.43 bn · Δ −1.5% (2025).

total assets$259.47 bn+107%Q3 24Q2 26Q3 24$85.23 bnQ4 24$96.01 bnQ1 25$111.60 bnQ2 25$125.25 bnQ3 25$140.74 bnQ4 25$161.15 bnQ1 26$206.80 bnQ2 26$259.47 bn
total liabilities$64.00 bn+54.5%Q3 24Q2 26Q3 24$27.07 bnQ4 24$30.11 bnQ1 25$32.27 bnQ2 25$41.41 bnQ3 25$40.61 bnQ4 25$42.25 bnQ1 26$49.51 bnQ2 26$64.00 bn
shareholders equity$195.47 bn+133%Q3 24Q2 26Q3 24$58.16 bnQ4 24$65.90 bnQ1 25$79.33 bnQ2 25$83.84 bnQ3 25$100.13 bnQ4 25$118.90 bnQ1 26$157.29 bnQ2 26$195.47 bn
Balance sheet, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$259.47 bn100%+107%$206.80 bn100%$161.15 bn100%$140.74 bn100%$125.25 bn100%$111.60 bn100%

Everything the company owns: factories, inventory, cash, receivables. At NVIDIA Corporation, in Q2 26: $259.47 bn · Δ +107% (Q2 25).

$151.00 bn58.2%+67.9%$125.61 bn60.7%$116.49 bn72.3%$102.22 bn72.6%$89.94 bn71.8%$80.13 bn71.8%

What turns into money in less than a year. At NVIDIA Corporation, in Q2 26: $151.00 bn · Δ +67.9% (Q2 25).

Cash$13.24 bn5.1%−13.1%$10.61 bn5.1%$11.49 bn7.1%$11.64 bn8.3%$15.23 bn12.2%$8.59 bn7.7%
Short-term investments$67.34 bn26.0%+75.1%$51.95 bn25.1%$49.12 bn30.5%$45.15 bn32.1%$38.46 bn30.7%$34.62 bn31.0%
Cash and short-term investments$80.57 bn31.1%+50.1%$62.56 bn30.2%$60.61 bn37.6%$56.79 bn40.4%$53.69 bn42.9%$43.21 bn38.7%
Net receivables$40.71 bn15.7%+83.9%$38.47 bn18.6%$33.39 bn20.7%$27.81 bn19.8%$22.13 bn17.7%$23.07 bn20.7%
Inventory$25.80 bn9.9%+128%$21.40 bn10.3%$19.78 bn12.3%$14.96 bn10.6%$11.33 bn9.0%$10.08 bn9.0%
Other current assets$3.92 bn1.5%+40.9%$3.18 bn1.5%$2.71 bn1.7%$2.66 bn1.9%$2.78 bn2.2%$3.77 bn3.4%
$108.48 bn41.8%+207%$81.20 bn39.3%$44.66 bn27.7%$38.52 bn27.4%$35.32 bn28.2%$31.48 bn28.2%

What stays in the company for years: buildings, machinery, licences. At NVIDIA Corporation, in Q2 26: $108.48 bn · Δ +207% (Q2 25).

PP&E, net$12.40 bn4.8%+73.8%$13.25 bn6.4%$12.06 bn7.5%$11.23 bn8.0%$7.14 bn5.7%$8.08 bn7.2%
$16.66 bn6.4%+86.2%$19.84 bn9.6%$12.06 bn7.5%$11.23 bn8.0%$8.95 bn7.1%$12.48 bn11.2%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At NVIDIA Corporation, in Q2 26: $16.66 bn · Δ +86.2% (Q2 25).

Goodwill$20.89 bn8.1%+280%$20.83 bn10.1%$6.26 bn3.9%$5.76 bn4.1%$5.50 bn4.4%$5.19 bn4.6%
Intangible assets$3.12 bn1.2%+306%$3.31 bn1.6%$936.0 m0.6%$755.0 m0.5%$769.0 m0.6%$807.0 m0.7%
Long-term investments$43.36 bn16.7%+1,238%$22.25 bn10.8%$8.19 bn5.1%$3.80 bn2.7%$3.24 bn2.6%$3.39 bn3.0%
Other non-current assets$16.99 bn6.5%+702%$8.30 bn4.0%$3.54 bn2.2%$3.42 bn2.4%$2.12 bn1.7%$3.04 bn2.7%
Other assets—-$8.30 bn4.0%—-—-—-—-
$64.00 bn24.7%+54.5%$49.51 bn23.9%$42.25 bn26.2%$40.61 bn28.9%$41.41 bn33.1%$32.27 bn28.9%

Everything the company owes, to banks and suppliers alike. At NVIDIA Corporation, in Q2 26: $64.00 bn · Δ +54.5% (Q2 25).

$43.88 bn16.9%+65.3%$32.16 bn15.6%$26.08 bn16.2%$24.26 bn17.2%$26.54 bn21.2%$18.05 bn16.2%

Debts due in less than a year. At NVIDIA Corporation, in Q2 26: $43.88 bn · Δ +65.3% (Q2 25).

Accounts payable$13.10 bn5.0%+78.7%$9.81 bn4.7%$8.62 bn5.4%$9.06 bn6.4%$7.33 bn5.9%$6.31 bn5.7%
Short-term debt$1.47 bn0.6%+389%$1.37 bn0.7%$1.34 bn0.8%$301.0 m0.2%$300.0 m0.2%$288.0 m0.3%
Current portion of long-term debt$1.00 bn0.4%$999.0 m0.5%$999.0 m0.6%—-—-—-
Deferred revenue$1.71 bn0.7%+59.6%$1.38 bn0.7%$1.25 bn0.8%$980.0 m0.7%$1.07 bn0.9%$837.0 m0.7%
Other current liabilities$16.97 bn6.5%−4.9%$19.60 bn9.5%$14.86 bn9.2%$13.91 bn9.9%$17.84 bn14.2%$10.61 bn9.5%
$20.12 bn7.8%+35.3%$17.35 bn8.4%$16.18 bn10.0%$16.35 bn11.6%$14.87 bn11.9%$14.23 bn12.7%

Debts due beyond one year. At NVIDIA Corporation, in Q2 26: $20.12 bn · Δ +35.3% (Q2 25).

Long-term debt$7.47 bn2.9%−11.7%$7.47 bn3.6%$7.47 bn4.6%$8.47 bn6.0%$8.46 bn6.8%$8.46 bn7.6%
Capital lease obligations$3.88 bn1.5%+113%$2.57 bn1.2%$2.01 bn1.2%$2.13 bn1.5%$1.82 bn1.5%$1.81 bn1.6%
Other non-current liabilities$737.0 m0.3%+316%$381.0 m0.2%$376.0 m0.2%$243.0 m0.2%$177.0 m0.1%$79.0 m0.1%
$195.47 bn75.3%+133%$157.29 bn76.1%$118.90 bn73.8%$100.13 bn71.1%$83.84 bn66.9%$79.33 bn71.1%

What would be left for shareholders if everything were sold and every debt paid. At NVIDIA Corporation, in Q2 26: $195.47 bn · Δ +133% (Q2 25).

$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%

Money put in by shareholders at founding and at capital raises. At NVIDIA Corporation, in Q2 26: $24.0 m.

$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%$24.0 m0.0%

Capital subscribed by shareholders. At NVIDIA Corporation, in Q2 26: $24.0 m.

$185.04 bn71.3%+156%$146.97 bn71.1%$107.91 bn67.0%$88.74 bn63.1%$72.16 bn57.6%$68.04 bn61.0%

Past years’ profits the company kept instead of distributing. At NVIDIA Corporation, in Q2 26: $185.04 bn · Δ +156% (Q2 25).

Accumulated other comprehensive income$137.0 m0.1%−26.3%$178.0 m0.1%$339.0 m0.2%$170.0 m0.1%$186.0 m0.1%$28.0 m0.0%
Other equity items$10.28 bn4.0%−10.5%$10.12 bn4.9%$10.63 bn6.6%$11.20 bn8.0%$11.48 bn9.2%$11.24 bn10.1%
$259.47 bn100%+107%$206.80 bn100%$161.15 bn100%$140.74 bn100%$125.25 bn100%$111.60 bn100%

Liabilities plus equity. Must equal total assets. At NVIDIA Corporation, in Q2 26: $259.47 bn · Δ +107% (Q2 25).

−$423.0 m-0.2%+91.5%$807.0 m0.4%−$664.0 m-0.4%−$1.04 bn-0.7%−$4.95 bn-4.0%$1.68 bn1.5%

Debt left after subtracting cash in the bank. Negative means more money than debt. At NVIDIA Corporation, in Q2 26: −$423.0 m · Δ +91.5% (Q2 25).

$12.81 bn4.9%+24.6%$11.41 bn5.5%$10.82 bn6.7%$10.60 bn7.5%$10.29 bn8.2%$10.27 bn9.2%

All borrowings, short and long term. At NVIDIA Corporation, in Q2 26: $12.81 bn · Δ +24.6% (Q2 25).

$107.11 bn41.3%+69.0%$93.44 bn45.2%$90.42 bn56.1%$77.96 bn55.4%$63.39 bn50.6%$62.08 bn55.6%

The difference between what it collects and what it pays in the short term. At NVIDIA Corporation, in Q2 26: $107.11 bn · Δ +69.0% (Q2 25).

$203.94 bn78.6%+121%$165.76 bn80.2%$127.36 bn79.0%$108.60 bn77.2%$92.31 bn73.7%$87.79 bn78.7%

The capital the business actually has at work. At NVIDIA Corporation, in Q2 26: $203.94 bn · Δ +121% (Q2 25).

24.39 bn-−0.9%24.43 bn-24.48 bn-24.53 bn-24.61 bn-24.71 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At NVIDIA Corporation, in Q2 26: $24.39 bn · Δ −0.9% (Q2 25).

from operations$102.72 bn+60.3%201720262017$1.67 bn2018$3.50 bn2019$3.74 bn2020$4.76 bn2021$5.82 bn2022$9.11 bn2023$5.64 bn2024$28.09 bn2025$64.09 bn2026$102.72 bn
from investing−$52.23 bn−156%201720262017−$793.0 m2018$1.28 bn2019−$4.10 bn2020$6.15 bn2021−$19.68 bn2022−$9.83 bn2023$7.38 bn2024−$10.57 bn2025−$20.42 bn2026−$52.23 bn
from financing−$48.47 bn−14.4%201720262017$291.0 m2018−$2.54 bn2019−$2.87 bn2020−$792.0 m2021$3.80 bn2022$1.87 bn2023−$11.62 bn2024−$13.63 bn2025−$42.36 bn2026−$48.47 bn
Cash flows, annual, 6 periods
 2026Δ 202520252024202320222021
$120.07 bn-+64.7%$72.88 bn-$29.76 bn-$4.37 bn-$9.75 bn-$4.33 bn-

The profit left for shareholders after absolutely every expense. At NVIDIA Corporation, in 2026: $120.07 bn · Δ +64.7% (2025).

$2.84 bn-+52.5%$1.86 bn-$1.51 bn-$1.54 bn-$1.17 bn-$1.10 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At NVIDIA Corporation, in 2026: $2.84 bn · Δ +52.5% (2025).

$6.39 bn-+34.8%$4.74 bn-$3.55 bn-$2.71 bn-$2.00 bn-$1.40 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At NVIDIA Corporation, in 2026: $6.39 bn · Δ +34.8% (2025).

—-—-—-$583.0 m-$1.55 bn-$1.10 bn-

Adjustments that bring accounting profit closer to money collected.

−$15.95 bn-−70.0%−$9.38 bn-−$3.72 bn-−$2.21 bn-−$3.36 bn-−$703.0 m-

Money tied up in or released from inventory, receivables and payables. At NVIDIA Corporation, in 2026: −$15.95 bn · Δ −70.0% (2025).

of which: receivables−$15.40 bn-−17.9%−$13.06 bn-−$6.17 bn-$822.0 m-−$2.22 bn-−$550.0 m-
of which: receivables, total—-—-—-$822.0 m-−$2.22 bn-−$550.0 m-
of which: inventory−$11.32 bn-−137%−$4.78 bn-−$98.0 m-−$2.55 bn-−$774.0 m-−$524.0 m-
of which: liabilities—-—-—-$1.04 bn-$568.0 m-$765.0 m-
of which: other changes—-—-—-$76.0 m-−$942.0 m-$8.0 m-
Other operating flows—-—-—-−$164.0 m-−$1.72 bn-−$394.0 m-
Other non-cash items−$9.21 bn-−501%−$1.53 bn-−$516.0 m-$1.39 bn-−$53.0 m-−$20.0 m-
$102.72 bn-+60.3%$64.09 bn-$28.09 bn-$5.64 bn-$9.11 bn-$5.82 bn-

The money the business actually produced, before investment. At NVIDIA Corporation, in 2026: $102.72 bn · Δ +60.3% (2025).

$6.04 bn-+86.7%$3.24 bn-$1.07 bn-$1.83 bn-$976.0 m-$1.13 bn-

Money put into factories, machinery and equipment. At NVIDIA Corporation, in 2026: $6.04 bn · Δ +86.7% (2025).

−$31.65 bn-−55.0%−$20.42 bn-−$10.57 bn-$7.38 bn-−$8.59 bn-−$9.99 bn-

Purchases and sales of financial holdings. At NVIDIA Corporation, in 2026: −$31.65 bn · Δ −55.0% (2025).

Other investing flows−$13.00 bn-−59,191%$22.0 m-−$124.0 m-−$1.96 bn-−$1.26 bn-−$9.69 bn-
−$52.23 bn-−156%−$20.42 bn-−$10.57 bn-$7.38 bn-−$9.83 bn-−$19.68 bn-

The balance of investing cash. Negative means the company is building. At NVIDIA Corporation, in 2026: −$52.23 bn · Δ −156% (2025).

−$40.09 bn-−18.9%−$33.71 bn-−$9.53 bn-−$10.04 bn-−$1.90 bn-−$942.0 m-

Shares bought back from the market or issued. At NVIDIA Corporation, in 2026: −$40.09 bn · Δ −18.9% (2025).

$974.0 m-+16.8%$834.0 m-$395.0 m-$398.0 m-$399.0 m-$395.0 m-

Money given to shareholders as dividends. At NVIDIA Corporation, in 2026: $974.0 m · Δ +16.8% (2025).

$0-+100%−$1.25 bn-−$1.25 bn-$0-$3.98 bn-$4.97 bn-

Loans taken minus loans repaid. At NVIDIA Corporation, in 2026: $0 · Δ +100% (2025).

Other financing flows−$7.41 bn-−12.9%−$6.57 bn-−$2.46 bn-−$1.18 bn-$3.26 bn-$4.20 bn-
−$48.47 bn-−14.4%−$42.36 bn-−$13.63 bn-−$11.62 bn-$1.87 bn-$3.80 bn-

The balance of financing cash: loans, dividends, buybacks. At NVIDIA Corporation, in 2026: −$48.47 bn · Δ −14.4% (2025).

$2.02 bn-+54.0%$1.31 bn-$3.89 bn-$1.40 bn-$1.14 bn-−$10.05 bn-

How much the cash in the bank rose or fell. At NVIDIA Corporation, in 2026: $2.02 bn · Δ +54.0% (2025).

Change in cash and equivalents—-—-—-$1.40 bn-$1.14 bn-−$10.05 bn-
$8.59 bn-+18.0%$7.28 bn-$3.39 bn-$1.99 bn-$847.0 m-$10.90 bn-

Cash in the bank at the start of the period. At NVIDIA Corporation, in 2026: $8.59 bn · Δ +18.0% (2025).

$10.61 bn-+23.5%$8.59 bn-$7.28 bn-$3.39 bn-$1.99 bn-$847.0 m-

Cash in the bank at the end of the period. At NVIDIA Corporation, in 2026: $10.61 bn · Δ +23.5% (2025).

$96.68 bn-+58.9%$60.85 bn-$27.02 bn-$3.81 bn-$8.13 bn-$4.69 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At NVIDIA Corporation, in 2026: $96.68 bn · Δ +58.9% (2025).

from operations$50.34 bn+83.6%Q3 24Q2 26Q3 24$14.49 bnQ4 24$17.63 bnQ1 25$16.63 bnQ2 25$27.41 bnQ3 25$15.37 bnQ4 25$23.75 bnQ1 26$36.19 bnQ2 26$50.34 bn
from investing−$26.43 bn−407%Q3 24Q2 26Q3 24−$3.18 bnQ4 24−$4.35 bnQ1 25−$7.20 bnQ2 25−$5.22 bnQ3 25−$7.13 bnQ4 25−$9.02 bnQ1 26−$30.86 bnQ2 26−$26.43 bn
from financing−$21.28 bn−36.8%Q3 24Q2 26Q3 24−$10.32 bnQ4 24−$12.75 bnQ1 25−$9.95 bnQ2 25−$15.55 bnQ3 25−$11.83 bnQ4 25−$14.88 bnQ1 26−$6.21 bnQ2 26−$21.28 bn
Cash flows, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$58.32 bn-+211%$42.96 bn-$31.91 bn-$26.42 bn-$18.78 bn-$22.09 bn-

The profit left for shareholders after absolutely every expense. At NVIDIA Corporation, in Q2 26: $58.32 bn · Δ +211% (Q2 25).

$997.0 m-+63.2%$812.0 m-$751.0 m-$669.0 m-$611.0 m-$543.0 m-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At NVIDIA Corporation, in Q2 26: $997.0 m · Δ +63.2% (Q2 25).

$1.93 bn-+30.8%$1.63 bn-$1.65 bn-$1.63 bn-$1.47 bn-$1.32 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders. At NVIDIA Corporation, in Q2 26: $1.93 bn · Δ +30.8% (Q2 25).

−$5.44 bn-−163%−$15.95 bn-$2.37 bn-−$11.02 bn-$8.65 bn-−$5.86 bn-

Money tied up in or released from inventory, receivables and payables. At NVIDIA Corporation, in Q2 26: −$5.44 bn · Δ −163% (Q2 25).

of which: receivables−$2.24 bn-−340%−$5.07 bn-−$5.58 bn-−$5.68 bn-$933.0 m-−$5.37 bn-
of which: inventory−$4.42 bn-−251%−$1.62 bn-−$4.82 bn-−$3.62 bn-−$1.26 bn-−$2.42 bn-
Other non-cash items−$7.05 bn-−9,252%$6.12 bn-−$13.06 bn-−$2.35 bn-$77.0 m-−$865.0 m-
$50.34 bn-+83.6%$36.19 bn-$23.75 bn-$15.37 bn-$27.41 bn-$16.63 bn-

The money the business actually produced, before investment. At NVIDIA Corporation, in Q2 26: $50.34 bn · Δ +83.6% (Q2 25).

$1.76 bn-+43.2%$1.28 bn-$1.64 bn-$1.90 bn-$1.23 bn-$1.08 bn-

Money put into factories, machinery and equipment. At NVIDIA Corporation, in Q2 26: $1.76 bn · Δ +43.2% (Q2 25).

−$24.59 bn-−371%−$16.41 bn-−$9.02 bn-−$7.13 bn-−$5.22 bn-−$7.20 bn-

Purchases and sales of financial holdings. At NVIDIA Corporation, in Q2 26: −$24.59 bn · Δ −371% (Q2 25).

Other investing flows—-−$13.00 bn-—-—-—-$22.0 m-
−$26.43 bn-−407%−$30.86 bn-−$9.02 bn-−$7.13 bn-−$5.22 bn-−$7.20 bn-

The balance of investing cash. Negative means the company is building. At NVIDIA Corporation, in Q2 26: −$26.43 bn · Δ −407% (Q2 25).

−$21.44 bn-−52.1%−$3.82 bn-−$12.46 bn-−$9.72 bn-−$14.10 bn-−$7.81 bn-

Shares bought back from the market or issued. At NVIDIA Corporation, in Q2 26: −$21.44 bn · Δ −52.1% (Q2 25).

$243.0 m-−0.4%$242.0 m-$244.0 m-$244.0 m-$244.0 m-$245.0 m-

Money given to shareholders as dividends. At NVIDIA Corporation, in Q2 26: $243.0 m · Δ −0.4% (Q2 25).

—-$0-$0-—-—-$0-

Loans taken minus loans repaid.

Other financing flows−$114.0 m-+90.6%−$2.15 bn-−$2.18 bn-−$1.87 bn-−$1.21 bn-−$1.89 bn-
−$21.28 bn-−36.8%−$6.21 bn-−$14.88 bn-−$11.83 bn-−$15.55 bn-−$9.95 bn-

The balance of financing cash: loans, dividends, buybacks. At NVIDIA Corporation, in Q2 26: −$21.28 bn · Δ −36.8% (Q2 25).

$2.63 bn-−60.4%−$881.0 m-−$153.0 m-−$3.60 bn-$6.65 bn-−$518.0 m-

How much the cash in the bank rose or fell. At NVIDIA Corporation, in Q2 26: $2.63 bn · Δ −60.4% (Q2 25).

$10.61 bn-+23.5%$11.49 bn-$11.64 bn-$15.23 bn-$8.59 bn-$9.11 bn-

Cash in the bank at the start of the period. At NVIDIA Corporation, in Q2 26: $10.61 bn · Δ +23.5% (Q2 25).

$13.24 bn-−13.1%$10.61 bn-$11.49 bn-$11.64 bn-$15.23 bn-$8.59 bn-

Cash in the bank at the end of the period. At NVIDIA Corporation, in Q2 26: $13.24 bn · Δ −13.1% (Q2 25).

$48.59 bn-+85.5%$34.90 bn-$22.12 bn-$13.47 bn-$26.19 bn-$15.55 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At NVIDIA Corporation, in Q2 26: $48.59 bn · Δ +85.5% (Q2 25).

earnings and surprises

100%Beat rate

Beats consistently, but the market does not confirm

Next report

for Q3 26

Not yet announcedThe announced date, 26 August 2026, has passed. The company has not yet given the next one.

Earnings per share expected2.09between 2.03 and 2.55
Revenue expected$91.72 bn41 analysts
Last time+5.7%1.87 against 1.77 expected

What analysts expect from NVIDIA Corporation, further out

  • earnings per share estimated, Q4 26 · 40 analysts2.35
  • earnings per share estimated, fiscal year 2027 · 47 analysts8.94
  • earnings per share estimated, fiscal year 2028 · 48 analysts12.66

NVIDIA Corporation beat history

last 8 quarters

Beat rateBeat rateBeat rateBeat rateBeat rateBeat rateBeat rateBeat rate

Of the last 8 quarterly reports from NVIDIA Corporation, 8 came in above analyst estimates and 0 below. The average surprise is +5.83%, and the latest was +5.65%, with earnings per share of 1.87 against 1.77 expected.

Beat rate100%surprise trend: slowing
Average reaction when it beats−2.8%of 8 beats, the price rose 2 times
Average reaction when it misses—

How the NVIDIA Corporation share price reacted

The move in NVIDIA Corporation shares on the day after each report. The middle line is zero.

reportresultnext day5 days
20 May 2026++5.7%−1.77%5z −5.2%
25 February 2026++5.2%−5.46%5z −0.8%
19 November 2025++3.2%−3.15%5z −2.0%
27 August 2025++4.0%−0.79%5z −7.3%
28 May 2025++8.0%+3.25%5z +0.6%
26 February 2025++4.7%−8.48%5z −8.0%
20 November 2024++8.0%+0.53%5z −5.7%
28 August 2024++7.9%−6.38%5z −12.6%

The pattern shows: of those 8 beats, the price rose 2 times. The market does not react to the result, but to the difference from what was already in the price.

How the price moves around the reportover 8 reports before and 7 after
+1.0%−8.5%0.0%−5.1%
15 days beforereport day15 days after
Before the report
  • 5d before−0.6%rose 38% of the time
  • 10d before+2.0%rose 75% of the time
  • 21d before+10.1%rose 100% of the time
  • 42d before+11.5%rose 88% of the time
After the report
  • next day−1.4%rose 25% of the time
  • 5d after−5.1%rose 12% of the time
  • 10d after−0.4%rose 43% of the time
  • 15d after−2.3%rose 14% of the time
75% of the move, before25% at the announcement and after

The move is already in the price Of everything that moves the price around the report, 75% happens before the announcement. By the time the news is public, it is already in the quote.

The pattern repeats in 88% of cases, on a sample of 8 quarters. It remains a small sample.

Everything is measured against the price on the report day, marked by the vertical line. Each half is the average of the trajectories from the quarters with enough price history, which is why the samples can differ.

What can go wrong

Risks & Resilience

Risks in NVIDIA Corporation (NVDA) stock: balance sheet strength, distance from financial distress, and behaviour in past crises. The low-risk score is 59.9 out of 100.

59.9 · solidLow risk

debt and solvency

100.0credit health

Nothing to fault

A balance sheet is judged on two things: whether the company can pay its debts out of what it produces, and how far it is from not being able to pay them at all. For NVIDIA Corporation, both answers are below.

Can it pay its debts?

NVIDIA Corporation: Yes, with room to spare. Operating profit covers interest 497.21 times over, and the debt clears in 0.06 years of operating profit.

75100.0Credit health scoreComposite score summarising the firm's ability to carry its debt. Above 70 points to a solid balance sheet.
350.06xDebt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
1.53497.21xInterest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
320.25Distance to default (Merton)How many standard deviations the firm value sits above its debt level. Above 3 is a comfortable margin.

How close is it to default?

NVIDIA Corporation: Very far. The composite score is 3.3 out of 100, on a scale where lower is better, and no model signals strain. Altman places it in the safe zone.

Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
Probability of distress (Ohlson)Statistical model estimating the risk of financial distress. Low means a balance sheet under no strain.
Probability of distress (Zmijewski)Alternative model for estimating financial distress risk. Low means limited risk; useful as a cross-check on the Ohlson model.
Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.

Forensic signals

25signals

Statistical models that look for patterns associated with aggressive reporting. NVIDIA Corporation: one serious signal.

The quality of reported profit

Beneish M-scoreModel that detects patterns of aggressive accounting. Below −1.78 means no signals of aggressive reporting. A statistical test, not an accusation.
Montier C-score (0–6)Six warning signals about the quality of accounting. 0–1 is clean; 4 or above calls for caution.
Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
Cash conversion rateHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
Stock-based compensation dilutionHow much of shareholders' stake is diluted by shares granted to employees. Below 2% a year is bearable dilution.
Goodwill shareHow much of the company’s assets are goodwill - the premium paid over book value in acquisitions. Above 30% of assets means a large part of the balance sheet depends on acquisitions working out.
Tax rate deviationHow far the tax actually paid differs from the statutory rate in the company’s country. Close to zero is normal. A large, sustained deviation is worth a look at the notes.

What the model raised

  • Montier C-scoreserious

These are statistical screening models, not accusations. A signal means “worth a closer look”, not “this is fraud”. The Beneish, Montier, Sloan and Piotroski models are published in the academic literature; the thresholds used are those from the original papers.

A statistical screening signal, not an accusation of fraud.

Transparency · MAR

behaviour in a crisis

Mixed behaviourtwo crises measured

How NVIDIA Corporation shares behaved when the market fell. Not a forecast, but what happened in the crises the company has already been through.

How much of the market's fall it takes on

how much of the market's fall reaches the stock

amplifies the fall203%Takes on 203% of the market's falls, so it amplifies

the market 100%the stock 203%
  • Fell more than averageHow well the company held up through economic contractions, against the rest of its sector.
  • Held up moderatelyA composite score folding behaviour across every crisis measured, on a 0 to 100 scale.

What happened in past crises

how well it held up through the measured crises

51Held up moderately

  • COVID-19 crash−37.5%2020 · above the sector median
  • 2022 bear market−66.3%2022 · more fragile than its sector
  • Severe recession−52.5%A 2008-style economic contraction, with the market down about 40%
  • Market correction−26.3%A broad market decline of about 20%

NVIDIA Corporation: It suffered more than average in the measured crises, so it is sensitive to market falls.

Maximum drawdown is measured from peak to trough, on the actual price of that period. The scenarios are estimates, computed from historical sensitivity to the market.

NVIDIA Corporation (NVDA) stock: biggest drops and how long the recovery took

The falls the price has been through, from a peak to the lowest point, and how long it took to recover.

Biggest drops since 2010

From a peak to the lowest point after it, how long the fall lasted and how long the recovery took.

  • Nov 2021 - Oct 2022-66.4%fell for 10 months, then took 7 months to get back to the peak
  • Oct 2018 - Dec 2018-56.1%fell for 3 months, then took 14 months to get back to the peak
  • Feb 2011 - Nov 2012-55.7%fell for 21 months, then took 2 years and 11 months to get back to the peak

Measured on each day’s closing price, adjusted for splits, since 2010-01-04. Elsewhere on this page, drops are measured with dividends reinvested, which is why they can come out slightly smaller there.

What you get while you wait

Dividends and shareholder return

How much NVIDIA Corporation pays in dividends, how secure it is, and what happens to the share count.

dividends

0.12%Trailing yield

NVIDIA Corporation pays quarterly and has distributed $0.28 per share over the past twelve months, or 0.12% of today's price. Of its profit, 3.51% goes out as dividend.

How much it pays and how secure it is

Trailing yieldDividends over the past twelve months, divided by today's price.
Forward yieldThe dividend announced for the coming year, divided by today's price.
Payout ratioHow much of profit goes out as dividend. A moderate figure leaves room to grow.
Dividend growth 5YAverage annual growth in dividend per share over five years.
Consecutive years of growthHow many years in a row the dividend per share has grown, without a single break.
Dividend safetyHow well the dividend is covered by profit and by cash.

Recent payments

  • Last dividend$0.25 · ex-date June 4, 2026
  • Frequencyquarterly
  • Payments in the last 12 months5
  • Dividends over 12 months$0.28
  • Cut risk0/100
ex-dateamountvs previous
June 4, 2026$0.25+2,400.0%
March 11, 2026$0.01+0.0%
December 4, 2025$0.01+0.0%
September 11, 2025$0.01+0.0%
June 11, 2025$0.01+0.0%
March 12, 2025$0.01+0.0%
December 5, 2024$0.01+0.0%
September 12, 2024$0.01—

Past returns do not necessarily repeat.

shareholder return

0.73%total return

Across dividends, buybacks and debt, NVIDIA Corporation returned 0.73% of its market value in its last reported fiscal year.

0.02%from dividends
0.83%from buybacks
0.00%from debt reduction
0.73%total return
  • 5Y allocation · dividends1.43%
  • 5Y allocation · buybacks45.44%

A negative total return means the company raised capital during the period, through borrowing or new shares, not that it took money from shareholders.

What you would have made

What has already happened, taken out of percentages and put into money.

What you would have made by investing in NVIDIA Corporation (NVDA) stock

$1,000 put in NVIDIA Corporation stock 10 years ago, with dividends reinvested, would have grown to $203,598, a return of 70.17% a year. On the share price alone, without dividends, it would have been $173,524. Type your own amount and everything recalculates.

$
  • 3 years ago$5,959of which $4,959 is gain, at 81.30% a year
  • 5 years ago$13,279of which $12,279 is gain, at 67.74% a year
  • 10 years ago$203,598of which $202,598 is gain, at 70.17% a year

These figures have already happened and are not an estimate for what comes next. Dividends are reinvested in the same stock, and the amounts are in the currency the stock trades in, before tax and fees.

splits

5 events

NVIDIA Corporation has had 5 share events over the period covered by the data.

dateratiotype
June 10, 202410:1split
July 20, 20214:1split
September 11, 20073:2split
April 7, 20062:1split
September 12, 20012:1split

Amounts in the dividend history are adjusted for these events so they can be compared with each other. The sum actually received on the day was different.

Who owns it and what they do with it

Holders and flow

Who stands behind NVIDIA Corporation shares, what they buy and sell, and who bets against them.

institutional ownership

NVIDIA Corporation has 70.78% of its shares held by institutional investors. Of the 40 reported holders, 22 increased their position and 18 cut it.

Who holds how much

InstitutionsHow much of the stock is held by funds, banks and other professional investors.
Internal holdingsHow much is held by people and entities inside the company or close to it.
Largest holderHow much the single largest reported shareholder owns.
Top fiveHow much the five largest reported shareholders own together.
  • Reported holders40
  • Increased position22
  • Cut position18
  • Net share balance242.22M
  • As ofApril 30, 2026

Largest holders

Largest holders
holderstakechangeAs of
Vanguard Group Incpassive9.36%+1.94%12/31/2025
BlackRock Incpassive8.03%+0.75%12/31/2025
State Street Corppassive4.10%+0.24%03/31/2026
FMR Incactive4.10%+2.35%03/31/2026
Vanguard Total Stock Mkt Idx Invpassive3.04%+0.31%04/30/2026
Vanguard 500 Index Investor2.60%+1.83%04/30/2026
Geode Capital Management, LLC2.48%+2.13%03/31/2026
JPMorgan Chase & Co1.85%−1.83%03/31/2026
T. Rowe Price Associates, Inc.1.53%−0.83%03/31/2026
Morgan Stanley - Brokerage Accounts1.42%+5.94%03/31/2026
NORGES BANK1.38%+2.61%12/31/2025
iShares Core S&P 500 ETF1.30%+0.29%04/30/2026
Fidelity 500 Index1.28%+0.35%03/31/2026
State Street® SPDR® S&P 500® ETF1.20%+0.33%04/30/2026
Northern Trust Corp1.04%−0.41%03/31/2026
Vanguard Growth Index Investor1.01%+0.52%04/30/2026
UBS Asset Mgmt Americas Inc0.82%+1.58%03/31/2026
Capital Research Global Investors0.80%+12.52%03/31/2026
Invesco QQQ Trust0.78%+0.74%04/30/2026
Bank of America Corp0.77%−1.76%12/31/2025
The Goldman Sachs Group Inc0.75%+8.47%03/31/2026
Legal & General Group PLC0.70%−1.31%03/31/2026
Charles Schwab Investment Management Inc0.66%+3.07%03/31/2026
Bank of New York Mellon Corp0.63%−2.60%03/31/2026
Amvescap Plc.0.59%−0.33%03/31/2026
Nuveen, LLC0.56%−3.22%12/31/2025
Vanguard Information Technology ETF0.56%+4.18%04/30/2026
Vanguard Institutional Index I0.56%−1.75%04/30/2026
Wellington Management Company LLP0.55%−4.87%03/31/2026
State St S&P 500® Idx SL Cl I0.54%+0.99%04/30/2026
Vanguard Institutional 500 Index Trust0.45%−0.08%04/30/2026
American Funds Growth Fund of Amer A0.44%−2.74%03/31/2026
Capital Group Growth Fnd of Amer Comp0.44%−2.74%03/31/2026
Fidelity Growth Compy Commingled Pl S0.40%−0.55%03/31/2026
Equity Index Fund A0.40%−1.55%12/31/2025
Equity Index Non-Lendable Fund B0.40%+0.00%12/31/2025
Equity Index Fund E0.40%−1.55%12/31/2025
Blackrock Eq Idx Fund CF0.36%−0.39%03/31/2026
Fidelity Contrafund0.35%−0.30%03/31/2026
iShares Russell 1000 Growth ETF0.34%+0.02%04/30/2026
See all holders

The list covers only the largest reported holders, not the whole shareholder base. Stakes do not add up to 100%.

The holder type is noted only where the source states it.

insiders

What they did over the last six months

  • Distinct buyers, 12 months0
  • Distinct sellers, 12 months5
  • Value sold, 12 months$171.17M
  • Cluster buyingno
  • As of03/20/2026

Largest transactions

Largest transactions
datenamesidevalue
03/10/2026Ajay K Purisell$54.76M
03/18/2026Ajay K Purisell$54.68M
03/20/2026Mark A Stevenssell$38.5M
03/20/2026Colette Kresssell$7.46M
02/04/2026Colette Kresssell$4.86M
02/04/2026Colette Kresssell$3.51M
03/20/2026Colette Kresssell$3.5M
03/19/2026Aarti S Shahsell$3.36M
03/13/2026John Dabirisell$555.44K
See all transactions

The source does not state each person's role, so a chief executive and a board member appear the same.

Informational data on reported transactions; not a recommendation.

congress

Over the past twelve months, members of the US Congress reported 4 purchases and 7 sales of NVIDIA Corporation shares.

What lawmakers traded

4purchases, 12 months7sales, 12 months
distinct buying members3
  • Purchases, 6 months0
  • Sales, 6 months0
  • Distinct selling members, 12 months4
  • As of03/25/2026

Who traded

Who traded
datenameside
03/25/2026Gilbert Ray Cisneros, Jr.sell
03/25/2026Daniel Meusersell
03/19/2026John Boozmanbuy
03/13/2026Gilbert Ray Cisneros, Jr.buy
03/10/2026Ro Khannabuy
02/26/2026Michael T. McCaulsell
02/25/2026Daniel Meusersell
02/24/2026Ro Khannabuy
02/06/2026Ro Khannasell
02/05/2026Ro Khannasell
01/30/2026Daniel Meusersell
See all transactions

The law requires reporting a value range, not the exact sum. That is why transactions are counted here rather than added up.

Transactions reported under the STOCK Act; informational.

short interest

Of NVIDIA Corporation freely tradable shares, 0.01% are sold short.

How much is sold short

Of free floatHow much of the freely tradable stock is sold short.
Days to coverHow many normal trading days it would take for short positions to be closed.
Shares shortThe number of shares sold short at the latest report.
  • Of total shares0.01%
  • Squeeze riskLow
  • As of05/27/2026

Short positions are reported twice a month, so the figure is older than the price on this page.

indices and ETFs

NVIDIA Corporation shares are held by 14 exchange-traded funds and belong to 4 indices.

Funds that hold it

Funds that hold it
fundsymbolweightassets
Vanguard Growth ETFVUG.US13.33%$222.23B
Technology Select Sector SPDRXLK.US13.22%$117.78B
Invesco QQQ TrustQQQ.US8.14%$471.18B
iShares Core S&P 500 UCITS (Xetra)SXR8.XETRA7.88%$147.89B
Vanguard S&P 500 UCITSVUSA.LSE7.87%$42.99B
Vanguard S&P 500 ETFVOO.US7.85%$1.03T
SPDR S&P 500 ETF TrustSPY.US7.84%$769.06B
iShares Core S&P 500 UCITSCSPX.LSE7.84%$146.69B
Vanguard Total Stock Market Index Fund ETF SharesVTI.US6.63%$653.54B
iShares Core MSCI World UCITSIWDA.LSE5.38%$101.7B
Vanguard FTSE Developed World UCITSVEVE.LSE5.19%$3.44B
Vanguard FTSE All-World UCITSVWCE.XETRA4.66%$24.77B
Vanguard Total World Stock ETFVT.US4.15%$74.09B
SPDR Dow Jones Industrial Average ETFDIA.US2.48%$44.9B
See all funds

Indices it belongs to

  • S&P 5007.83%
  • Dow Jones Industrial Average2.47%
  • NASDAQ Composite
  • NASDAQ 100

The weight is how much the share counts inside that fund, not how much of the company the fund owns.

Where it stands against the rest

Context & Comparisons

A number on its own says nothing. Here NVIDIA Corporation is placed next to its sector, its industry and the market, so every figure gets a position.

Position in sector

Technologysector

NVIDIA Corporation belongs to the Technology sector, in the Semiconductors industry. Below, each indicator sits next to the sector and industry median.

Against sector and industry

indicatorcompanysector medianindustry medianposition
134.91%10.90%6.79%99
Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
100.26%4.99%4.82%100
Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
72.57%9.08%6.85%98
Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
62.97%7.17%9.68%99
Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
30.41x27.45x64.05x46
Price / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
19.15x3.09x10.06x-
Price / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
0.14%1.29%0.47%13
Dividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
0.61%27.70%25.80%-
Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
66.90%11.35%13.48%98
Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
95.42%11.51%12.95%99
Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
0.06x1.36x1.24x88
Debt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
2.45%3.15%0.78%50
Free cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.

Position is the percentile within the sector: 100 is the best value among the companies compared, 0 the weakest. The direction is already inverted where lower is better, as with debt or price/earnings.

Against the market

periodNVDASPYdifference
1M0.43%-0.08%+0.51%
3M9.84%12.30%−2.46%
6M11.20%8.49%+2.71%
1Y44.02%24.76%+19.26%
3Y556.88%80.71%+476.17%
5Y1,187.00%88.11%+1,098.89%

Returns are cumulative over the period shown, not annualised. The difference is how much the company returned above or below the benchmark.

Transparency · MAR

Comparable companies

6comparable

Companies with a profile close to NVIDIA Corporation, chosen by how they move and what kind of stock they are - not by what they make.

The 6 closest

symbolcompanysimilarityscore
TSM.USTaiwan Semiconductor ManufacturingTechnology89.8%82.8
LLY.USEli Lilly and CompanyHealthcare89.6%64.3
ASML.USASML Holding NV ADRTechnology89.5%64.1
AVGO.USBroadcom IncTechnology89.3%61.3
NEE.USNextera Energy IncUtilities88.7%48.3
META.USMeta Platforms Inc.Communication Services88.0%53.0

Similarity is computed from exposure to the same style factors, not from the line of business. That is why companies from other sectors can appear in the list. It is not a recommendation and not a list of alternatives.

Direct competitors

symbolcompanycountryscore
TSM.USTaiwan Semiconductor ManufacturingUS82.8
AVGO.USBroadcom IncUS61.3
MU.USMicron Technology IncUS61.3
688256.SHGCambricon Technologies Corp LtdCN44.7
AMD.USAdvanced Micro Devices IncUS56.3
INTC.USIntel CorporationUS36.2

Competitors from the same industry, Semiconductors. The list is ordered by company size, but the figure is not shown: it comes in each market’s own currency, so the values are not comparable.

How the price moves

Market & Momentum

So far this has been about the company. From here on it is about the share: how much it swings, how deep it fell, and whether the move was worth the risk.

Volatility and risk

37.63%one-year volatility

How choppy NVIDIA Corporation has been, and how deep its falls have gone.

How much it swings

1.75choppier than the marketBetaHow strongly the share moves when the market moves. Below 1 is calmer than the market; above 1 amplifies its moves.
1.99Downside betaHow much the share moves against the market, measured ONLY on days the market falls. Lower than ordinary beta = falls less than it rises. Higher = amplifies the falls.
1.81Beta over the last yearThe same market sensitivity, but computed on the last twelve months only. Compared with long-term beta, it shows whether the share has turned choppier lately.
2.12Raw betaHow much the share moves against the market, without the usual statistical adjustment. Above 1 = moves more than the market. This is the unsmoothed figure; adjusted beta is steadier.
market
Annualised volatility (1 year)How much the price swings over a year, as a standard deviation. Lower means a smoother ride, not necessarily a higher return.
Annualised volatility (3 years)How widely the price swings in a year, measured over the last three. Below 20% is calm; above 40% takes a strong stomach.

How deep it fell

−66.34%Maximum drawdownThe largest peak-to-trough fall over the period analysed. Smaller is easier to sit through.
−14.98%Current drawdownHow far today’s price sits below the highest peak reached. Zero means it is at the peak. The deeper it is, the more there is to recover.
−2.07%Distance from the 52-week highHow far the price sits below its highest level of the past 52 weeks. Near zero = at the high. Deeply negative = it has given up a lot from the peak.
51.49%Likely worst-case drawdownHow deep the fall could be in the worst 5% of scenarios. Lower is better. It is a statistical estimate, not a guaranteed floor.
Ulcer index (1 year)How deep and how long the falls of the past year were, in a single figure. Lower is better: it measures discomfort, not just swing.
Ulcer index (3 years)How deep and how long the falls below previous peaks have been. Low means few long stretches spent below the peak.
Days to recoverHow many days the price needed to return to its peak after the largest fall. Fewer is better. Hundreds of days means patience was tested.

Volatility and beta are computed from daily prices over the last year and the last three. They measure the past; they are not forecasts.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Return against risk

1.09one-year Sharpe

The same gain earned with wide or narrow swings is not worth the same. The figures below divide the return by the risk it was earned with.

How much return for each unit of risk

1.091.42goodSharpe ratioReturn above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
1.632.24goodSortino ratioLike Sharpe, but only penalising downward swings, not upward ones. Above 1.5 means good return relative to downside risk.
1.191.29goodOmega ratioThe ratio of gains to losses over the past year, weighted by their size. Above 1 means the good side weighed more than the bad.
0
Total return, 12 monthsGain over the past year, with dividends reinvested. Compared with the benchmark index, not in isolation.
Calmar ratioAnnual return divided by the largest drawdown suffered. Above 0.5 is decent. It says how much return you got for each unit of pain.
Treynor ratio (1 year)Return above the risk-free rate divided by beta - against market risk, not total swing. Higher is better. Useful when the share is held in a portfolio rather than alone.

All of them measure gain against some form of risk: Sharpe against total swing, Sortino against downward swing only, Calmar against the deepest fall, Treynor against market risk. Above 1 is generally good, but these compare between companies, not in absolute terms.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Trend and oscillators

40.2714-day RSI

Where the NVIDIA Corporation share price sits against its moving averages, and how stretched the recent move is.

Against the averages

50-day moving averageThe average price over the last fifty trading sessions. It is the short-term reference: price above it means a recent upward trend.
200-day moving averageThe average price over the last two hundred sessions. It is the long-term reference, the most watched line in technical analysis.
yesAbove the 200-day averageWhether today’s price is above or below the long-term average. Above is read as a structural uptrend; below, a downtrend.
yesShort average above the long oneWhether the 50-day average is above the 200-day. When the short crosses above the long it is called a golden cross; the reverse, a death cross.
upMoving-average crossover stateWhich average is on top, expressed as +1 or −1. +1 = short above long; −1 = the reverse.
downParabolic SAR directionThe direction signal given by the Parabolic SAR indicator. +1 = uptrend; −1 = downtrend.

Oscillators

307040.27no signalRelative strength index (RSI 14)How fast the price rose or fell over the last fourteen days, on a scale from 0 to 100. Below 30 is considered oversold, above 70 overbought. In between, no signal.
-100100-104.47below the channelCommodity channel index (CCI 20)How far the price is from its twenty-day average, measured in typical deviations. Between −100 and +100 is normal; outside that, an unusual move against the recent pattern.
010.13in the bandPosition in the Bollinger bandWhere the price sits between the lower band (0) and the upper band (1) of the volatility channel. Below 0 or above 1 means the price has left the channel - rare, and usually brief.
202523.11weak trendTrend strength (ADX 14)How clear the price direction is, whether it rises or falls. Above 25 = a clear trend; below 20 = it moves sideways.
MACD lineThe gap between the 12-day and the 26-day exponential average - how fast direction is changing. Above the signal and rising means upward momentum.
MACD signalThe nine-day average of the MACD line. It is the threshold the line is read against. It is not judged on its own: what matters is whether the line is above or below it.
MACD histogramThe gap between the MACD line and its signal - how fast momentum is changing. Positive and rising = upward momentum; negative = downward momentum.
On-balance volume slope (50 days)Where cumulative volume is heading over the last fifty sessions. Positive means more is being accumulated than distributed.

The thresholds marked on the scales are the usual ones in technical analysis: 30 and 70 for RSI, ±100 for CCI, 0 and 1 for the Bollinger band, 20 and 25 for trend strength. They are widely used conventions, not rules.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Who it suits

17/30checks passed

Each row below is a way of investing. The more checks NVIDIA Corporation passes on one, the better it suits that way - there is no “correct” row.

StrongestGrowth
WeakestValue
  • failedUpside to fair valueHow much room there is between today’s price and the value computed from discounted cash flows. Positive means the model sees the share below its value.
  • failedPrice / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
  • failedPrice / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
  • failedFree cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.
  • failedMargin of safetyHow far the market price sits below our fair-value estimate. Positive and wide means buying below value. Negative means paying above it.
  • passedReturn on capital above its costWhether the return on invested capital exceeds the weighted average cost of capital. Above the cost of capital the company creates value; below, it destroys it.
  • passedReturn on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • passedNet margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
  • failedCompetitive moatHow well defended the company’s position is against competitors. A wide moat means profit is harder to erode.
  • failedPiotroski F-scoreNine balance-sheet and profitability checks, one point for each one passed. Above 7 out of 9 is considered solid; below 3, weak.
  • failedSloan ratioHow much of the profit comes from accounting accruals rather than cash received. Near zero is better: the profit shows up in the account, not just the report.
  • failedWarning flagsThe number of forensic flags raised by the reporting-quality models. Zero is what you want to see.
  • passedDebt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
  • passedAltman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
  • passedInterest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
  • passedProbability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
  • failedBehaviour in recessionHow the share behaved through recent economic contractions. A smaller fall than the market shows resilience.
  • passedEarnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • passedRevenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • passedRule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • passedAnalyst revisionsWhich way analysts have moved their estimates lately. Upward means expectations are rising.
  • failedDividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
  • passedPayout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
  • failedStreak of good reportsHow many quarters in a row the company has beaten expectations. A long streak shows predictability; a broken one, a change.
  • failedTotal shareholder yieldDividends, buybacks and debt reduction taken together. The full picture of money returned to shareholders.
  • passedBeats, last yearHow many times over the last year the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedBeats, three yearsHow many times over the last three years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedBeats, five yearsHow many times over the last five years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedPrice momentumThe direction and strength of the recent price move. Positive means the recent trend is upward.
  • passedSharpe ratio (1 year)Return above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.

A failed check is not a flaw in itself: a growth company fails almost everything to do with value, and that is normal. What matters is the pattern, where it passes and where it fails, not the count on its own.

Transparency · MAR

Key figuresIndicatorsPros and consVerdict
AnalystsFair valueProjections
ProfitabilityGrowthEarnings qualityCapital efficiencyFinancial statementsEarnings reports
Debt and solvencyForensics and manipulationBehaviour in crisesBiggest drops
DividendsShareholder yieldWhat you would have madeSplits
Institutional holdingsInsidersCongressShort interestIndices and ETFs
Position in sectorComparable companiesWho it suits
Volatility and riskRisk-adjusted returnTrend and oscillators