Nvidia

Information Technology Semiconductors Santa Clara, California Last filing Feb 25, 2026 · FY2026

                    Revenue
                    FY2026
                
$215.9B
                    3y CAGR +100.0%
                    
                    P100
                    
                    +65.5%
                    
                    Net income
                    FY2026
                
$120.1B
                    Net margin +55.6%
                    
                    P93
                    
                    +64.7%
                    
                    Total assets
                    FY2026
                
$206.8B
                    ROA +58.1%
                    
                    P93
                    
                    +85.3%
                    
                    Operating cash flow
                    FY2026
                
$102.7B
                    FCF margin +44.8%
                    
                    P100
                    
                    +60.3%

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s revenue.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $206.8B

Total liabilities $49.5B

Shareholders equity $157.3B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	4.9%	6.6%	11.9%	12.6%	7.4%	5.1%	99.8%	6.7%	41.2%	25.6%
Short Term Investments	24.1%	26.5%	30.7%	36.7%	71.4%	64.3%	0.0%	56.7%	32.0%	72.8%
Accounts Receivable	17.8%	17.7%	16.4%	14.2%	17.3%	14.6%	15.2%	12.2%	13.0%	12.0%
Inventory	9.9%	7.7%	8.7%	19.1%	9.7%	11.0%	9.0%	13.4%	8.2%	11.5%
Prepaid Expenses	1.5%	2.9%	5.1%	2.9%	1.4%	1.4%	1.4%	1.2%	0.9%	1.7%
Total Current Assets	58.2%	61.4%	72.8%	85.5%	107.1%	96.3%	125.4%	90.1%	95.3%	123.5%
Property,Plant and Equipment	4.8%	4.8%	6.4%	14.1%	10.3%	12.9%	15.3%	12.0%	10.3%	7.5%
Operating Lease Assets	1.3%	1.4%	2.2%	3.8%	3.1%	4.2%	5.7%	4.0%	—	—
Goodwill	9.6%	4.0%	7.2%	16.3%	16.2%	25.1%	5.7%	5.3%	6.4%	8.9%
Intangible Assets	1.5%	0.6%	1.8%	6.2%	8.7%	16.4%	0.4%	0.4%	0.5%	1.5%
Long Term Investments	10.3%	2.6%	—	—	—	—	—	—	—	—
Deferred Tax Assets	6.2%	8.4%	10.0%	12.6%	4.5%	4.8%	5.0%	4.8%	—	—
Other Noncurrent Assets	3.8%	2.3%	7.4%	14.2%	14.3%	12.9%	1.1%	0.9%	3.3%	0.9%
Total Assets	95.8%	85.5%	107.9%	152.7%	164.2%	172.7%	158.6%	113.5%	115.7%	142.4%
Liabilities
Accounts Payable	4.5%	4.8%	4.4%	4.4%	6.6%	6.9%	6.3%	4.4%	6.1%	7.0%
Accrued Liabilities	9.9%	9.0%	11.0%	15.3%	9.5%	10.7%	10.0%	7.0%	5.6%	7.3%
Current Portion of Long Term Debt	0.5%	0.0%	2.1%	4.6%	0.0%	6.0%	0.0%	—	0.2%	11.5%
Total Current Liabilities	14.9%	13.8%	17.5%	24.3%	16.1%	23.5%	16.3%	11.3%	11.9%	25.9%
Long Term Debt	3.5%	6.5%	13.9%	36.0%	40.7%	35.8%	18.2%	17.0%	20.4%	28.7%
Operating Lease Liabilities Noncurrent	1.2%	1.2%	1.8%	3.3%	2.8%	3.8%	5.1%	0.0%	—	—
Other Noncurrent Liabilities	3.4%	3.3%	4.2%	7.1%	5.8%	8.2%	7.1%	5.4%	6.5%	4.0%
Total Liabilities	22.9%	24.7%	37.3%	70.7%	65.3%	71.4%	46.8%	33.7%	38.8%	58.6%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	4.7%	8.6%	21.5%	44.4%	38.6%	52.3%	64.5%	51.6%	55.1%	68.1%
Retained Earnings	68.1%	52.1%	48.9%	37.7%	60.3%	113.4%	137.1%	107.2%	90.5%	88.4%
Accumulated Other Comprehensive Income	0.1%	0.0%	0.0%	-0.2%	-0.0%	0.1%	0.0%	-0.1%	-0.2%	-0.2%
Total Stockholders Equity	72.8%	60.8%	70.5%	81.9%	98.9%	101.3%	111.8%	79.7%	76.9%	83.4%
Total Liabilitiesand Equity	95.8%	85.5%	107.9%	152.7%	164.2%	172.7%	158.6%	113.5%	115.7%	142.4%

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $215.9B

Operating income $130.4B

Net income $120.1B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	28.9%	25.0%	27.3%	43.1%	35.1%	37.7%	38.0%	38.8%	40.1%	41.2%
Other Income Expense Gross Profit	71.1%	75.0%	72.7%	56.9%	64.9%	62.3%	62.0%	61.2%	59.9%	58.8%
Expenses Research and Development	8.6%	9.9%	14.2%	27.2%	19.6%	23.5%	25.9%	20.3%	18.5%	21.2%
Expenses Selling,General and Administrative	2.1%	2.7%	4.4%	9.0%	8.0%	11.6%	10.0%	8.5%	8.4%	9.6%
Expenses Operating Expenses	10.7%	12.6%	18.6%	41.3%	27.6%	35.2%	35.9%	28.7%	26.9%	30.8%
Other Income Expense Operating Income	60.4%	62.4%	54.1%	15.7%	37.3%	27.2%	26.1%	32.5%	33.0%	28.0%
Other Income Expense Interest Income	1.1%	1.4%	1.4%	1.0%	0.1%	0.3%	1.6%	1.2%	0.7%	0.8%
Other Income Expense Interest Expense	0.1%	0.2%	0.4%	1.0%	0.9%	1.1%	0.5%	0.5%	0.6%	0.8%
Other Income Expense Other Income/expense	9.3%	2.8%	1.8%	-0.2%	0.4%	0.0%	-0.0%	0.1%	-0.2%	-0.4%
Other Income Expense Income Before Tax	65.5%	64.4%	55.5%	15.5%	36.9%	26.4%	27.2%	33.3%	32.9%	27.6%
Income Tax Income Tax Expense	9.9%	8.5%	6.7%	-0.7%	0.7%	0.5%	1.6%	-2.1%	1.5%	3.5%
net Income net Income	55.6%	55.8%	48.8%	16.2%	36.2%	26.0%	25.6%	35.3%	31.4%	24.1%
net Income Comprehensive Income	55.7%	55.8%	49.0%	16.1%	36.1%	26.1%	25.7%	35.4%	31.3%	23.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	11.4%	19.0%	40.9%	9.3%	9.4%	15.1%	22.6%	5.3%	6.5%	9.4%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $102.7B

Investing cash flow $-52.2B

Financing cash flow $-48.5B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	55.6%	55.8%	48.8%	16.2%	36.2%	26.0%	25.6%	35.3%	31.4%	24.1%
Operating Activities Depreciation and Amortization	1.3%	1.4%	2.5%	5.7%	4.4%	6.6%	3.5%	2.2%	2.0%	—
Operating Activities Stock Based Compensation	3.0%	3.6%	5.8%	10.0%	7.4%	8.4%	7.7%	4.8%	4.0%	3.6%
Operating Activities Deferred Income Taxes	-0.7%	-3.4%	-4.1%	-8.0%	-1.5%	-1.7%	0.2%	-2.7%	-3.7%	2.9%
Operating Activities Changes In Operating Assets and Liabilities	-7.4%	-7.2%	-6.1%	-8.2%	-12.5%	-4.2%	6.6%	-7.3%	1.9%	-9.8%
Operating Activities Other Non Cash Items	-4.3%	-1.2%	-0.8%	5.2%	-0.2%	-0.1%	0.0%	-0.4%	0.4%	0.8%
Operating Activities net Cash From Operating Activities	47.6%	49.1%	46.1%	20.9%	33.8%	34.9%	43.6%	31.9%	36.1%	24.2%
Investing Activities Capital Expenditures	-2.8%	-2.5%	-1.8%	-6.8%	-3.6%	-6.8%	-4.5%	-5.1%	-6.1%	-2.5%
Investing Activities Business Acquisitions	-6.7%	-0.8%	-0.1%	-0.2%	-1.0%	-51.1%	-0.0%	0.0%	—	—
Investing Activities Purchases of Investments	-26.9%	-21.5%	-31.3%	-44.4%	-92.1%	-115.8%	-13.4%	-95.2%	-0.4%	-45.4%
Investing Activities Proceeds From Sale of Investments	12.2%	9.0%	16.1%	78.7%	60.3%	55.9%	74.3%	65.4%	20.0%	36.4%
Investing Activities Other Investing Activities	0.0%	0.1%	-0.2%	0.0%	-0.1%	-0.2%	-0.1%	-0.1%	-0.4%	0.0%
Investing Activities net Cash From Investing Activities	-24.2%	-15.6%	-17.3%	27.3%	-36.5%	-118.0%	56.3%	-35.0%	13.2%	-11.5%
Financing Activities Repayment of Debt	0.0%	-1.0%	-2.1%	0.0%	-3.7%	0.0%	0.0%	-0.1%	-8.4%	-9.7%
Financing Activities Repurchase of Common Stock	-18.6%	-25.8%	-15.6%	-37.2%	0.0%	0.0%	—	-13.5%	-9.4%	-10.7%
Financing Activities Dividends Paid	-0.5%	-0.6%	-0.6%	-1.5%	-1.5%	-2.4%	-3.6%	-3.2%	-3.5%	-3.8%
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	0.7%	1.3%	1.0%	1.2%	1.4%	1.2%	1.4%	2.4%
Financing Activities Tax Withholding On Stock Based Compensation	-3.7%	-5.3%	-4.6%	-5.5%	-7.1%	-5.6%	-5.0%	-8.8%	-6.3%	-2.5%
Financing Activities Other Financing Activities	-0.1%	-0.1%	-0.1%	-0.2%	-0.3%	-0.1%	0.0%	-0.0%	-0.1%	-0.2%
Financing Activities net Cash From Financing Activities	-22.4%	-32.5%	-22.4%	-43.1%	6.9%	22.8%	-7.3%	-24.5%	-26.2%	4.2%
Cash Reconciliation net Change In Cash	0.9%	1.0%	6.4%	5.2%	4.2%	-60.3%	92.6%	-27.5%	23.0%	16.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+71.1%	+75.0%	+72.7%	+56.9%	+64.9%	+62.3%	+62.0%	+61.2%	+59.9%	+58.8%
Operating margin	+60.4%	+62.4%	+54.1%	+15.7%	+37.3%	+27.2%	+26.1%	+32.5%	+33.0%	+28.0%
Net margin	+55.6%	+55.8%	+48.8%	+16.2%	+36.2%	+26.0%	+25.6%	+35.3%	+31.4%	+24.1%
FCF margin	+44.8%	+46.6%	+44.4%	+14.1%	+30.2%	+28.1%	+39.1%	+26.8%	+29.9%	+21.6%
Growth
Revenue CAGR (3y)	+100.0%	+69.3%	+54.0%	+35.2%	+31.9%	+19.7%	+16.5%	+32.7%	+27.5%	+18.7%
Returns
ROE	+76.3%	+91.9%	+69.2%	+19.8%	+36.6%	+25.6%	+22.9%	+44.3%	+40.8%	+28.9%
ROA	+58.1%	+65.3%	+45.3%	+10.6%	+22.1%	+15.0%	+16.1%	+31.2%	+27.1%	+16.9%
ROIC	+71.3%	+89.2%	+63.9%	+14.2%	+27.7%	+19.4%	+81.2%	+36.1%	+56.0%	+25.0%
Liquidity
Current ratio	3.91x	4.44x	4.17x	3.52x	6.65x	4.09x	7.67x	7.94x	8.03x	4.77x
Quick ratio	1.53x	1.75x	1.63x	1.10x	1.53x	0.83x	7.04x	1.66x	4.57x	1.45x
Leverage
D/E	0.31x	0.41x	0.53x	0.86x	0.66x	0.70x	0.42x	0.42x	0.50x	0.70x
Interest coverage	503.42x	329.77x	128.30x	16.12x	42.55x	24.63x	54.73x	65.59x	52.62x	33.34x
Efficiency
Asset turnover	1.04x	1.17x	0.93x	0.65x	0.61x	0.58x	0.63x	0.88x	0.86x	0.70x
Cash conversion cycle	+133d	+107d	+117d	+176d	+95d	+93d	+81d	+130d	+66d	+83d

Valuation

Price against fundamentals

NVDA $182 · 2025-09-29 · 397d old · FY2026

Market cap $4.5T

P/E 37.13x

P/S 20.64x

P/B 28.34x

EV $4.5T

EV/EBITDA —

FCF yield +2.2%

Dividend yield +0.0%

Notes

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