Nvidia

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

                    Revenue
                    FY2026
                
$215.9B
                    3y CAGR +52.5%
                    
                    P100
                    
                    +65.5%
                    
                    Net income
                    FY2026
                
$120.1B
                    Net margin +55.6%
                    
                    P100
                    
                    +64.7%
                    
                    Total assets
                    FY2026
                
$206.8B
                    ROA +58.1%
                    
                    P100
                    
                    +85.3%
                    
                    Operating cash flow
                    FY2026
                
$102.7B
                    
                    +60.3%

20 yrs · FY2007–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

34 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%	6.6%	11.9%	12.6%	7.4%	5.1%	99.8%	6.7%	41.2%
Short Term Investments	0.0%	26.5%	—	30.7%	36.7%	71.4%	64.3%	0.0%	56.7%	32.0%
Accounts Receivable	17.8%	17.7%	17.7%	16.4%	14.2%	17.3%	14.6%	15.2%	12.2%	13.0%
Inventory	9.9%	7.7%	—	—	—	—	—	—	—	—
Prepaid Expenses	1.5%	2.9%	2.9%	5.1%	2.9%	1.4%	1.4%	1.4%	1.2%	0.9%
Other Current Assets	3.8%	4.9%	—	—	—	—	—	—	—	—
Total Current Assets	58.2%	61.4%	61.4%	72.8%	85.5%	107.1%	96.3%	125.4%	90.1%	95.3%
Property,Plant and Equipment	4.8%	4.8%	—	—	—	—	—	—	—	—
Operating Lease Assets	1.3%	1.4%	1.4%	2.2%	3.8%	3.1%	4.2%	5.7%	0.0%	—
Goodwill	9.6%	4.0%	4.0%	7.3%	16.2%	16.2%	25.1%	5.7%	5.3%	6.4%
Intangible Assets	1.5%	0.6%	0.6%	1.8%	6.2%	8.7%	16.4%	0.4%	0.4%	0.5%
Deferred Tax Assets	6.1%	8.4%	—	—	—	—	—	—	—	—
Other Noncurrent Assets	3.8%	4.9%	4.9%	7.4%	14.2%	14.3%	12.9%	1.1%	0.9%	3.3%
Total Assets	95.8%	85.5%	85.5%	107.9%	152.7%	164.2%	172.7%	158.6%	113.5%	115.7%
Liabilities
Accounts Payable	4.5%	4.8%	4.8%	4.4%	4.4%	6.6%	6.9%	6.3%	4.4%	6.1%
Accrued Liabilities	9.9%	9.0%	9.0%	11.0%	15.3%	9.5%	10.7%	10.0%	7.0%	5.6%
Deferred Revenue	0.6%	0.6%	0.6%	1.3%	1.3%	1.1%	1.7%	1.3%	0.8%	0.5%
Current Portion of Long Term Debt	0.5%	0.0%	0.0%	2.1%	4.6%	0.0%	6.0%	0.0%	0.0%	0.2%
Other Current Liabilities	3.4%	3.3%	—	—	—	—	—	—	—	—
Total Current Liabilities	14.9%	13.8%	13.8%	17.5%	24.3%	16.1%	23.5%	16.3%	11.3%	11.9%
Long Term Debt	3.5%	6.5%	6.5%	13.9%	36.0%	40.7%	35.8%	18.2%	17.0%	20.4%
Deferred Revenue Noncurrent	0.6%	0.7%	0.7%	0.9%	0.8%	0.8%	1.0%	0.5%	0.4%	0.2%
Operating Lease Liabilities Noncurrent	1.2%	1.2%	1.2%	1.8%	3.3%	2.8%	3.8%	5.1%	0.0%	—
Deferred Tax Liabilities	0.8%	1.2%	1.2%	1.5%	1.9%	1.6%	2.5%	1.4%	—	0.2%
Other Noncurrent Liabilities	3.4%	3.3%	3.3%	4.2%	7.1%	5.8%	8.2%	7.1%	5.4%	6.5%
Total Liabilities	22.9%	24.7%	24.7%	37.3%	70.7%	65.3%	71.4%	46.8%	33.7%	38.8%
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%	8.6%	21.5%	44.4%	38.6%	52.3%	64.5%	51.6%	55.1%
Retained Earnings	68.1%	52.1%	52.1%	48.9%	37.7%	60.3%	113.4%	137.1%	107.2%	90.5%
Treasury Stock	0.0%	0.0%	—	—	—	0.0%	64.5%	89.9%	79.1%	68.5%
Accumulated Other Comprehensive Income	0.1%	0.0%	0.0%	0.0%	-0.2%	-0.0%	0.1%	0.0%	-0.1%	-0.2%
Total Stockholders Equity	72.8%	60.8%	60.8%	70.5%	81.9%	98.9%	101.3%	111.8%	79.7%	76.9%
Total Liabilitiesand Equity	95.8%	85.5%	85.5%	107.9%	152.7%	164.2%	172.7%	158.6%	113.5%	115.7%

Income Statement

Revenue, expense, and profitability

20 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%	25.0%	27.3%	43.1%	35.1%	37.7%	38.0%	38.8%	40.1%
Expenses Research and Development	8.6%	9.9%	9.9%	14.2%	27.2%	19.6%	23.5%	25.9%	20.3%	18.5%
Expenses Selling,General and Administrative	2.1%	2.7%	—	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	1.1%	1.0%	1.4%	2.5%	5.7%	4.4%	6.6%	3.5%	2.2%	2.0%
Expenses Share Based Compensation	3.0%	3.6%	3.6%	5.8%	10.0%	7.4%	8.4%	7.7%	4.8%	4.0%
Expenses Operating Expenses	10.7%	12.6%	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	71.1%	75.0%	75.0%	72.7%	56.9%	64.9%	62.3%	62.0%	61.2%	59.9%
Other Income Expense Operating Income	60.4%	62.4%	62.4%	54.1%	15.7%	37.3%	27.2%	26.1%	32.5%	33.0%
Other Income Expense Interest Income	1.1%	1.4%	1.4%	1.4%	1.0%	0.1%	0.3%	1.6%	1.2%	0.7%
Other Income Expense Interest Expense	0.1%	0.2%	—	0.4%	1.0%	0.9%	1.1%	0.5%	0.5%	0.6%
Other Income Expense Other Income/expense	4.2%	0.8%	0.8%	0.4%	-0.2%	0.4%	0.0%	-0.0%	0.1%	-0.2%
Other Income Expense Income Before Tax	65.5%	64.4%	64.4%	55.5%	15.5%	36.9%	26.4%	27.2%	33.3%	32.9%
Income Tax Income Tax Expense	9.9%	8.5%	8.5%	6.7%	-0.7%	0.7%	0.5%	1.6%	-2.1%	1.5%
net Income net Income	55.6%	55.8%	55.8%	48.8%	16.2%	36.2%	26.0%	25.6%	35.3%	31.4%
net Income Comprehensive Income	55.7%	55.8%	55.8%	49.0%	16.1%	36.1%	26.1%	25.7%	35.4%	31.3%
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 Basic	11.3%	18.8%	18.8%	40.5%	92.2%	9.3%	14.8%	22.3%	5.2%	6.2%
Earnings Per Share Weighted Average Shares Diluted	11.4%	19.0%	19.0%	40.9%	92.9%	9.4%	15.1%	22.6%	5.3%	6.5%

Cash Flow Statement

Operating, investing, and financing flows

22 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%	55.8%	48.8%	16.2%	36.2%	26.0%	25.6%	35.3%	31.4%
Operating Activities Depreciation and Amortization	0.2%	0.5%	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%	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	-0.7%	-3.4%	-3.4%	-4.1%	-8.0%	-1.5%	-1.7%	0.2%	-2.7%	-3.7%
Operating Activities Changes In Operating Assets and Liabilities	13.5%	16.5%	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	47.6%	49.1%	49.1%	46.1%	20.9%	33.8%	34.9%	43.6%	31.9%	36.1%
Investing Activities Business Acquisitions	0.7%	0.8%	0.8%	0.1%	0.2%	1.0%	51.1%	0.0%	0.0%	—
Investing Activities Purchases of Investments	18.8%	20.4%	—	—	—	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	5.2%	8.6%	—	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	0.0%	-0.0%	-0.0%	0.2%	0.0%	0.1%	0.2%	0.1%	0.1%	0.4%
Investing Activities net Cash From Investing Activities	-24.2%	-15.6%	-15.6%	-17.3%	27.3%	-36.5%	-118.0%	56.3%	-35.0%	13.2%
Financing Activities Repayment of Debt	0.0%	1.0%	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	18.6%	25.8%	25.8%	15.6%	37.2%	0.0%	0.0%	0.0%	13.5%	9.4%
Financing Activities Dividends Paid	0.5%	0.6%	0.6%	0.6%	1.5%	1.5%	2.4%	3.6%	3.2%	3.5%
Financing Activities Proceeds From Stock Issuance	0.3%	0.4%	—	—	—	—	—	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	3.7%	5.3%	5.3%	4.6%	5.5%	7.1%	5.6%	5.0%	8.8%	6.3%
Financing Activities Other Financing Activities	-0.0%	0.0%	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	-22.4%	-32.5%	-32.5%	-22.4%	-43.1%	6.9%	22.8%	-7.3%	-24.5%	-26.2%
Cash Reconciliation Effect of Exchange Rate On Cash	4.9%	6.6%	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	0.9%	1.0%	1.0%	6.4%	5.2%	4.2%	-60.3%	92.6%	-27.5%	23.0%
Cash Reconciliation Cash At Beginning of Period	4.9%	6.6%	6.6%	11.9%	12.6%	7.4%	5.1%	99.8%	6.7%	41.2%
Cash Reconciliation Cash At End of Period	4.9%	6.6%	6.6%	11.9%	12.6%	7.4%	5.1%	99.8%	6.7%	41.2%

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%	+75.0%	+72.7%	+56.9%	+64.9%	+62.3%	+62.0%	+61.2%	+59.9%
Operating margin	+60.4%	+62.4%	+62.4%	+54.1%	+15.7%	+37.3%	+27.2%	+26.1%	+32.5%	+33.0%
Net margin	+55.6%	+55.8%	+55.8%	+48.8%	+16.2%	+36.2%	+26.0%	+25.6%	+35.3%	+31.4%
FCF margin	—	—	—	—	—	—	—	—	—	—
Growth
Revenue CAGR (3y)	+52.5%	+69.1%	+69.3%	+54.0%	+35.2%	+31.9%	+19.7%	+16.5%	+32.7%	+27.5%
Returns
ROE	+76.3%	+91.9%	+91.9%	+69.2%	+19.8%	+36.6%	+25.6%	+22.9%	+44.3%	+40.8%
ROA	+58.1%	+65.3%	+65.3%	+45.3%	+10.6%	+22.1%	+15.0%	+16.1%	+31.2%	+27.1%
ROIC	+71.3%	+89.2%	+89.2%	+63.9%	+14.2%	+27.7%	+19.4%	+81.2%	+36.1%	+56.0%
Liquidity
Current ratio	3.91x	4.44x	4.44x	4.17x	3.52x	6.65x	4.09x	7.67x	7.94x	8.03x
Quick ratio	1.53x	1.75x	1.75x	1.63x	1.10x	1.53x	0.83x	7.04x	1.66x	4.57x
Leverage
D/E	0.31x	0.41x	0.41x	0.53x	0.86x	0.66x	0.70x	0.42x	0.42x	0.50x
Interest coverage	503.42x	329.77x	—	128.30x	16.12x	42.55x	24.63x	54.73x	65.59x	52.62x
Efficiency
Asset turnover	1.04x	1.17x	1.17x	0.93x	0.65x	0.61x	0.58x	0.63x	0.88x	0.86x
Cash conversion cycle	+133d	+107d	—	—	—	—	—	—	—	—

Valuation

Price against fundamentals

NVDA $182 · 2025-09-29 · 351d old · FY2026

Market cap $4.5T

P/E 37.13x

P/S 20.64x

P/B 28.34x

EV $4.5T

EV/EBITDA 33.56x

FCF yield —

Dividend yield +0.0%

Notes

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