NVIDIA (NVDA) Financials

$134.38 -1.19 (-0.88%)

As of 04:00 PM Eastern

Annual Income Statements for NVIDIA

This table shows NVIDIA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Net Income / (Loss) Attributable to Common Shareholders	72,880	29,760	4,368	9,752	4,332	2,796	4,141	3,047	1,666	614	631
Consolidated Net Income / (Loss)	72,880	29,760	4,368	9,752	4,332	2,796	4,141	3,047	1,666	614	631
Net Income / (Loss) Continuing Operations	72,880	29,760	4,368	9,752	4,332	2,796	4,141	3,047	1,666	614	631
Total Pre-Tax Income	84,026	33,818	4,181	9,941	4,409	2,970	3,896	3,196	1,905	743	755
Total Operating Income	81,453	32,972	4,224	10,041	4,532	2,846	3,804	3,210	1,934	747	759
Total Gross Profit	97,858	44,301	15,356	17,475	10,396	6,768	7,171	5,822	4,063	2,811	2,599
Total Revenue	130,497	60,922	26,974	26,914	16,675	10,918	11,716	9,714	6,910	5,010	4,682
Operating Revenue	130,497	60,922	26,974	26,914	16,675	10,918	11,716	9,714	6,910	5,010	4,682
Total Cost of Revenue	32,639	16,621	11,618	9,439	6,279	4,150	4,545	3,892	2,847	2,199	2,083
Operating Cost of Revenue	32,639	16,621	11,618	9,439	6,279	4,150	4,545	3,892	2,847	2,199	2,083
Total Operating Expenses	16,405	11,329	11,132	7,434	5,864	3,922	3,367	2,612	2,129	2,064	1,840
Selling, General & Admin Expense	3,491	2,654	2,440	2,166	1,940	1,093	991	815	663	602	480
Research & Development Expense	12,914	8,675	7,339	5,268	3,924	2,829	2,376	1,797	1,463	1,331	1,360
Other Operating Expenses / (Income)	0.00	0.00	1,353	0.00	0.00	-	-	-	-	-	-
Total Other Income / (Expense), net	2,573	846	-43	-100	-123	124	92	-14	-29	-4.00	-4.00
Interest Expense	247	257	262	236	184	52	58	61	58	47	46
Interest & Investment Income	1,786	866	267	29	57	178	136	69	54	39	28
Other Income / (Expense), net	1,034	237	-48	107	4.00	-2.00	14	-22	-25	4.00	14
Income Tax Expense	11,146	4,058	-187	189	77	174	-245	149	239	129	124
Basic Earnings per Share	$2.97	$1.21	$0.18	$3.91	$1.76	$1.15	$6.81	$5.09	$3.08	$1.13	$1.14
Weighted Average Basic Shares Outstanding	24.56B	24.69B	24.87B	2.50B	2.47B	2.44B	608M	599M	541M	543M	552M
Diluted Earnings per Share	$2.94	$1.19	$0.17	$3.85	$1.73	$1.13	$6.63	$4.82	$2.57	$1.08	$1.12
Weighted Average Diluted Shares Outstanding	24.80B	24.94B	25.07B	2.54B	2.51B	2.47B	625M	632M	649M	569M	563M
Weighted Average Basic & Diluted Shares Outstanding	24.40B	2.50B	2.47B	2.51B	620M	612M	608.10M	598.60M	540.90M	543.40M	553.50M
Cash Dividends to Common per Share	$0.03	-	-	$0.16	$0.16	$0.16	$0.61	$0.57	$0.49	$0.40	$0.34

This table shows NVIDIA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	22,091	19,309	16,599	14,881	12,286	9,243	6,188	2,043	1,414	680	656
Consolidated Net Income / (Loss)	22,091	19,309	16,599	14,881	12,286	9,243	6,188	2,043	1,414	680	656
Net Income / (Loss) Continuing Operations	22,091	19,309	16,599	14,881	12,286	9,243	6,188	2,043	1,414	680	656
Total Pre-Tax Income	25,217	22,316	19,214	17,279	14,106	10,522	6,981	2,209	1,288	613	475
Total Operating Income	24,033	21,869	18,642	16,909	13,615	10,417	6,800	2,140	1,256	601	499
Total Gross Profit	28,722	26,156	22,574	20,406	16,791	13,400	9,462	4,648	3,833	3,177	2,915
Total Revenue	39,331	35,082	30,040	26,044	22,103	18,120	13,507	7,192	6,051	5,931	6,704
Operating Revenue	39,331	35,082	30,040	26,044	22,103	18,120	13,507	7,192	6,051	5,931	6,704
Total Cost of Revenue	10,609	8,926	7,466	5,638	5,312	4,720	4,045	2,544	2,218	2,754	3,789
Operating Cost of Revenue	10,609	8,926	7,466	5,638	5,312	4,720	4,045	2,544	2,218	2,754	3,789
Total Operating Expenses	4,689	4,287	3,932	3,497	3,176	2,983	2,662	2,508	2,577	2,576	2,416
Selling, General & Admin Expense	975	897	842	777	710	689	622	633	625	631	592
Research & Development Expense	3,714	3,390	3,090	2,720	2,466	2,294	2,040	1,875	1,952	1,945	1,824
Total Other Income / (Expense), net	1,184	447	572	370	491	105	181	69	32	12	-24
Interest Expense	61	61	61	64	63	63	65	66	64	65	65
Interest & Investment Income	511	472	444	359	295	234	187	150	115	88	46
Other Income / (Expense), net	734	36	189	75	259	-66	59	-15	-19	-11	-5.00
Income Tax Expense	3,126	3,007	2,615	2,398	1,820	1,279	793	166	-126	-67	-181
Basic Earnings per Share	$0.90	$0.79	$0.68	$6.04	$0.50	$0.37	$0.25	$0.83	$0.06	$0.27	$0.26
Weighted Average Basic Shares Outstanding	24.56B	24.53B	24.58B	2.46B	24.69B	24.68B	24.73B	2.47B	24.87B	2.48B	2.50B
Diluted Earnings per Share	$0.90	$0.78	$0.67	$5.98	$0.50	$0.37	$0.25	$0.82	$0.06	$0.27	$0.26
Weighted Average Diluted Shares Outstanding	24.80B	24.77B	24.85B	2.49B	24.94B	24.94B	24.99B	2.49B	25.07B	2.50B	2.52B
Basic & Diluted Earnings per Share	$0.90	-	-	-	$0.50	-	-	-	$0.06	-	-
Weighted Average Basic & Diluted Shares Outstanding	24.40B	24.49B	24.53B	2.46B	2.50B	2.47B	2.47B	2.47B	2.47B	2.46B	2.49B
Cash Dividends to Common per Share	$0.01	$0.01	$0.01	$0.04	-	-	$0.04	$0.04	-	$0.04	$0.04

This table details how cash moves in and out of NVIDIA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Net Change in Cash & Equivalents	1,309	3,891	1,399	1,143	-10,049	10,114	-3,220	2,236	1,170	99	-655
Net Cash From Operating Activities	64,089	28,090	5,641	9,108	5,822	4,761	3,743	3,502	1,672	1,175	906
Net Cash From Continuing Operating Activities	64,089	28,090	5,641	9,108	5,822	4,761	3,743	3,502	1,672	1,175	906
Net Income / (Loss) Continuing Operations	72,880	29,760	4,368	9,752	4,332	2,796	4,141	3,047	1,666	614	631
Consolidated Net Income / (Loss)	72,880	29,760	4,368	9,752	4,332	2,796	4,141	3,047	1,666	614	631
Depreciation Expense	1,864	1,508	1,544	1,174	1,098	381	262	199	187	197	220
Non-Cash Adjustments To Reconcile Net Income	3,205	3,033	1,936	1,951	1,377	849	512	430	301	252	147
Changes in Operating Assets and Liabilities, net	-13,860	-6,211	-2,207	-3,769	-985	735	-1,172	-174	-482	83	-120
Net Cash From Investing Activities	-20,421	-10,566	7,375	-9,830	-19,675	6,145	-4,097	1,278	-793	-400	-727
Net Cash From Continuing Investing Activities	-20,421	-10,566	7,375	-9,830	-19,675	6,145	-4,097	1,278	-793	-400	-727
Purchase of Property, Plant & Equipment	-3,236	-1,069	-1,833	-976	-1,128	-489	-600	-593	-176	-86	-122
Acquisitions	-1,007	-83	-49	-263	-8,524	-4.00	0.00	-	-	-	-
Purchase of Investments	-28,061	-19,073	-11,982	-24,787	-19,308	-1,461	-11,148	-36	-3,134	-3,477	-2,862
Sale and/or Maturity of Investments	11,861	9,783	21,239	16,220	9,319	8,109	7,660	1,943	2,522	3,145	2,258
Other Investing Activities, net	22	-124	0.00	-24	-34	-10	-9.00	-36	-5.00	18	-1.00
Net Cash From Financing Activities	-42,359	-13,633	-11,617	1,865	3,804	-792	-2,866	-2,544	291	-676	-834
Net Cash From Continuing Financing Activities	-42,359	-13,633	-11,617	1,865	3,804	-792	-2,866	-2,544	291	-676	-834
Repayment of Debt	-1,250	-1,251	-2.00	-1,007	-4.00	0.00	-21	-821	-688	-6.00	-6.00
Repurchase of Common Equity	-33,706	-9,533	-10,039	0.00	0.00	-	-1,579	-909	-739	-587	-814
Payment of Dividends	-834	-395	-398	-399	-395	-390	-371	-341	-261	-213	-186
Issuance of Common Equity	490	403	355	281	-	-	-	-	-	-	-
Other Financing Activities, net	-7,059	-2,857	-1,533	-1,987	-765	-402	-895	-473	-9.00	130	172
Cash Interest Paid	246	252	254	246	138	54	55	55	13	17	17
Cash Income Taxes Paid	15,118	6,549	1,404	396	249	176	61	22	14	14	14

This table details how cash moves in and out of NVIDIA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Net Change in Cash & Equivalents	-518	536	984	307	1,761	-363	803	1,690	589	-213	-874
Net Cash From Operating Activities	16,629	17,627	14,488	15,345	11,499	7,332	6,348	2,911	2,248	392	1,270
Net Cash From Continuing Operating Activities	16,629	17,627	14,488	15,345	11,499	7,332	6,348	2,911	2,248	392	1,270
Net Income / (Loss) Continuing Operations	22,091	19,309	16,599	14,881	12,285	9,243	6,189	2,043	1,414	680	656
Consolidated Net Income / (Loss)	22,091	19,309	16,599	14,881	12,285	9,243	6,189	2,043	1,414	680	656
Depreciation Expense	543	478	433	410	387	372	365	384	426	406	378
Non-Cash Adjustments To Reconcile Net Income	456	1,137	2,392	-780	624	980	1,849	-420	-1,396	711	650
Changes in Operating Assets and Liabilities, net	-6,461	-3,297	-4,936	834	-1,797	-3,263	-2,055	904	1,804	-1,405	-414
Net Cash From Investing Activities	-7,198	-4,346	-3,184	-5,693	-6,109	-3,170	-446	-841	-3.00	3,148	1,618
Net Cash From Continuing Investing Activities	-7,198	-4,346	-3,184	-5,693	-6,109	-3,170	-446	-841	-3.00	3,148	1,618
Purchase of Property, Plant & Equipment	-1,077	-813	-977	-369	-254	-278	-289	-248	-509	-530	-433
Acquisitions	-542	-148	-278	-39	-	-	-	-83	-	-	-13
Purchase of Investments	-7,488	-4,992	-6,278	-9,303	-7,488	-5,786	-2,998	-2,801	-2,218	-2,188	-3,644
Sale and/or Maturity of Investments	1,887	1,607	4,214	4,153	1,782	2,890	2,599	2,512	2,641	5,884	5,738
Other Investing Activities, net	22	-	135	-135	-149	4.00	242	-221	83	-18	-30
Net Cash From Financing Activities	-9,949	-12,745	-10,320	-9,345	-3,629	-4,525	-5,099	-380	-1,656	-3,753	-3,762
Net Cash From Continuing Financing Activities	-9,949	-12,745	-10,320	-9,345	-3,629	-4,525	-5,099	-380	-1,656	-3,753	-3,762
Repurchase of Common Equity	-7,811	-10,997	-7,158	-7,740	-2,659	-3,807	-3,067	0.00	-1,213	-3,485	-3,345
Payment of Dividends	-245	-245	-246	-98	-99	-97	-100	-99	-98	-100	-100
Issuance of Common Equity	1.00	204	-	285	-	156	1.00	246	-	-	-
Other Financing Activities, net	-1,894	-1,707	-1,706	-1,752	-871	-776	-703	-507	-751	-114	-340
Cash Income Taxes Paid	4,129	3,540	-	-	1,873	4,348	-	-	32	264	-

This table presents NVIDIA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Total Assets	111,601	65,728	41,182	44,187	28,791	17,315	13,292	11,241	9,841	7,370	7,201
Total Current Assets	80,126	44,345	23,073	28,829	16,055	13,690	10,557	9,255	8,536	6,053	5,713
Cash & Equivalents	8,589	7,280	3,389	1,990	847	10,896	782	4,002	1,766	596	497
Short-Term Investments	34,621	18,704	9,907	19,218	10,714	1.00	6,640	3,106	5,032	4,441	4,126
Accounts Receivable	23,065	9,999	3,827	4,650	2,429	1,657	1,424	1,265	826	505	474
Inventories, net	10,080	5,282	5,159	2,605	1,826	979	1,575	796	794	418	483
Prepaid Expenses	3,771	3,080	791	366	239	157	136	86	118	93	70
Plant, Property, & Equipment, net	6,283	3,914	3,807	2,778	2,149	1,674	1,404	997	521	466	557
Total Noncurrent Assets	25,192	17,469	14,302	12,580	10,587	1,951	1,331	989	784	851	931
Goodwill	5,188	4,430	4,372	4,349	4,193	618	618	618	618	618	618
Intangible Assets	807	1,112	1,676	2,339	2,737	49	45	52	104	166	222
Noncurrent Deferred & Refundable Income Taxes	10,979	6,081	3,396	1,222	806	548	560	-	-	-	-
Other Noncurrent Operating Assets	8,218	5,846	4,858	4,670	2,851	736	108	319	62	67	91
Total Liabilities & Shareholders' Equity	111,601	65,728	41,182	44,187	28,791	17,315	13,292	11,241	9,841	7,370	7,201
Total Liabilities	32,274	22,750	19,081	17,575	11,898	5,111	3,950	3,770	4,048	2,814	2,783
Total Current Liabilities	18,047	10,631	6,563	4,335	3,925	1,784	1,329	1,153	1,788	2,351	896
Short-Term Debt	0.00	1,250	1,250	0.00	999	0.00	-	15	796	1,413	0.00
Accounts Payable	6,310	2,699	1,193	1,783	1,149	687	511	596	485	296	293
Accrued Expenses	11,737	6,682	4,120	2,552	1,777	1,097	818	542	507	642	603
Total Noncurrent Liabilities	14,227	12,119	12,518	13,240	7,973	3,327	2,621	2,617	2,260	463	1,887
Long-Term Debt	8,463	8,459	9,703	10,946	5,964	1,991	1,988	1,985	1,983	0.00	1,384
Other Noncurrent Operating Liabilities	5,764	3,660	2,815	2,294	2,009	1,336	633	632	277	453	489
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	79,327	42,978	22,101	26,612	16,893	12,204	9,342	7,471	5,762	4,469	4,418
Total Preferred & Common Equity	79,327	42,978	22,101	26,612	16,893	12,204	9,342	7,471	5,762	4,469	4,418
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Common Equity	79,327	42,978	22,101	26,612	16,893	12,204	9,342	7,471	5,762	4,469	4,418
Common Stock	11,261	13,134	11,973	10,388	8,722	7,046	6,052	5,352	4,709	4,171	3,856
Retained Earnings	68,038	29,817	10,171	16,235	18,908	14,971	12,565	8,787	6,108	4,350	3,949
Accumulated Other Comprehensive Income / (Loss)	28	27	-43	-11	19	1.00	-12	-18	-16	-4.00	8.00

This table presents NVIDIA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022	5/1/2022
Total Assets	96,013	85,227	77,072	65,728	54,148	49,555	44,460	41,182	40,488	43,476	45,212
Total Current Assets	67,640	59,633	53,729	44,345	32,658	28,797	24,883	23,073	23,223	27,418	29,575
Cash & Equivalents	9,107	8,563	7,587	7,280	5,519	5,783	5,079	3,389	2,800	3,013	3,887
Short-Term Investments	29,380	26,237	23,851	18,704	12,762	10,240	10,241	9,907	10,343	14,024	16,451
Accounts Receivable	17,693	14,132	12,365	9,999	8,309	7,066	4,080	3,827	4,908	5,317	5,438
Inventories, net	7,654	6,675	5,864	5,282	4,779	4,319	4,611	5,159	4,454	3,889	3,163
Prepaid Expenses	3,806	4,026	4,062	3,080	1,289	1,389	872	791	718	1,175	636
Plant, Property, & Equipment, net	5,343	4,885	4,006	3,914	3,844	3,799	3,740	3,807	3,774	3,233	2,916
Total Noncurrent Assets	23,030	20,709	19,337	17,469	17,646	16,959	15,837	14,302	13,491	12,825	12,721
Goodwill	4,724	4,622	4,453	4,430	4,430	4,430	4,430	4,372	4,372	4,372	4,365
Intangible Assets	838	952	986	1,112	1,251	1,395	1,541	1,676	1,850	2,036	2,211
Noncurrent Deferred & Refundable Income Taxes	10,276	9,578	7,798	6,081	5,982	5,398	4,568	3,396	2,762	2,225	1,784
Other Noncurrent Operating Assets	7,192	5,557	6,100	5,846	5,983	5,736	5,298	4,858	4,507	4,192	4,361
Total Liabilities & Shareholders' Equity	96,013	85,227	77,072	65,728	54,148	49,555	44,460	41,182	40,488	43,476	45,212
Total Liabilities	30,114	27,070	27,930	22,750	20,883	22,054	19,940	19,081	19,139	19,625	18,892
Total Current Liabilities	16,479	13,969	15,223	10,631	9,101	10,334	7,260	6,563	6,855	7,573	5,562
Short-Term Debt	0.00	0.00	1,250	1,250	1,249	1,249	1,250	1,250	1,249	1,249	-
Accounts Payable	5,353	3,680	2,715	2,699	2,380	1,929	1,141	1,193	1,491	2,421	1,999
Accrued Expenses	11,126	10,289	11,258	6,682	5,472	7,156	4,869	4,120	4,115	3,903	3,563
Total Noncurrent Liabilities	13,635	13,101	12,707	12,119	11,782	11,720	12,680	12,518	12,284	12,052	13,330
Long-Term Debt	8,462	8,461	8,460	8,459	8,457	8,456	9,704	9,703	9,701	9,700	10,947
Other Noncurrent Operating Liabilities	5,173	4,640	4,247	3,660	3,325	3,264	2,976	2,815	2,583	2,352	2,383
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	65,899	58,157	49,142	42,978	33,265	27,501	24,520	22,101	21,349	23,851	26,320
Total Preferred & Common Equity	65,899	58,157	49,142	42,978	33,265	27,501	24,520	22,101	21,349	23,851	26,320
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	65,899	58,157	49,142	42,978	33,265	27,501	24,520	22,101	21,349	23,851	26,320
Common Stock	11,846	12,140	12,653	13,134	12,993	12,631	12,455	11,973	11,567	10,970	10,626
Retained Earnings	53,950	45,961	36,598	29,817	20,360	14,921	12,115	10,171	9,905	12,971	15,758
Accumulated Other Comprehensive Income / (Loss)	103	56	-109	27	-88	-51	-50	-43	-123	-90	-64

This table displays calculated financial ratios and metrics derived from NVIDIA's official financial filings.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/26/2025	1/28/2024	1/29/2023	1/30/2022	1/31/2021	1/26/2020	1/27/2019	1/28/2018	1/29/2017	1/31/2016	1/25/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	114.20%	125.85%	0.22%	61.40%	52.73%	-6.81%	20.61%	40.58%	37.92%	7.01%	13.37%
EBITDA Growth	142.97%	506.94%	-49.48%	100.96%	74.70%	-20.96%	20.46%	61.59%	114.53%	-4.31%	36.68%
EBIT Growth	148.39%	695.23%	-58.85%	123.72%	59.49%	-25.51%	19.76%	67.00%	154.19%	-2.85%	53.68%
NOPAT Growth	143.48%	557.51%	-55.20%	121.21%	66.20%	-33.73%	32.12%	80.94%	173.99%	-2.69%	48.24%
Net Income Growth	144.89%	581.32%	-55.21%	125.12%	54.94%	-32.48%	35.90%	82.89%	171.34%	-2.69%	43.41%
EPS Growth	147.06%	581.32%	-55.21%	122.54%	54.94%	-32.48%	37.55%	87.55%	137.96%	-3.57%	51.35%
Operating Cash Flow Growth	128.16%	397.96%	-38.07%	56.44%	22.29%	27.20%	6.88%	109.45%	42.30%	29.69%	8.50%
Free Cash Flow Firm Growth	139.10%	2,096.24%	-82.66%	227.53%	-238.15%	31.66%	1.09%	187.58%	-1.03%	44.76%	54.48%
Invested Capital Growth	66.95%	35.15%	20.84%	32.98%	272.80%	-15.61%	65.38%	33.20%	88.32%	-21.04%	2.98%
Revenue Q/Q Growth	15.21%	35.77%	-5.57%	10.88%	12.84%	8.98%	-5.68%	8.22%	12.58%	3.09%	2.34%
EBITDA Q/Q Growth	15.07%	56.96%	-21.45%	14.34%	14.47%	28.69%	-15.60%	11.63%	27.26%	1.35%	6.38%
EBIT Q/Q Growth	15.22%	61.43%	-28.68%	15.99%	13.23%	32.09%	-16.93%	12.17%	33.12%	2.88%	8.40%
NOPAT Q/Q Growth	14.97%	56.50%	-28.15%	19.59%	14.62%	17.74%	-12.57%	17.32%	37.03%	1.36%	8.75%
Net Income Q/Q Growth	15.55%	57.56%	-26.66%	18.83%	13.23%	15.97%	-11.78%	17.96%	36.67%	2.50%	7.88%
EPS Q/Q Growth	14.40%	57.56%	-26.66%	17.38%	13.23%	15.97%	-14.01%	19.90%	32.47%	0.00%	9.80%
Operating Cash Flow Q/Q Growth	8.70%	49.11%	-12.22%	11.86%	11.53%	13.52%	-10.94%	22.23%	14.36%	6.14%	4.91%
Free Cash Flow Firm Q/Q Growth	4.99%	69.70%	-58.65%	17.10%	6.03%	21.17%	-10.53%	9.14%	24.49%	7.06%	12.75%
Invested Capital Q/Q Growth	24.27%	8.15%	3.14%	5.87%	1.14%	-3.99%	0.88%	15.72%	4.48%	-18.37%	-12.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.99%	72.72%	56.93%	64.93%	62.34%	61.99%	61.21%	59.93%	58.80%	56.11%	55.51%
EBITDA Margin	64.64%	56.99%	21.21%	42.07%	33.79%	29.54%	34.82%	34.87%	30.33%	19.50%	21.81%
Operating Margin	62.42%	54.12%	15.66%	37.31%	27.18%	26.07%	32.47%	33.05%	27.99%	14.91%	16.21%
EBIT Margin	63.21%	54.51%	15.48%	37.71%	27.20%	26.05%	32.59%	32.82%	27.63%	14.99%	16.51%
Profit (Net Income) Margin	55.85%	48.85%	16.19%	36.23%	25.98%	25.61%	35.34%	31.37%	24.11%	12.26%	13.48%
Tax Burden Percent	86.74%	88.00%	104.47%	98.10%	98.25%	94.14%	106.29%	95.34%	87.45%	82.64%	83.58%
Interest Burden Percent	101.87%	101.83%	100.12%	97.96%	97.20%	104.43%	102.04%	100.25%	99.79%	98.93%	97.67%
Effective Tax Rate	13.26%	12.00%	-4.47%	1.90%	1.75%	5.86%	-6.29%	4.66%	12.55%	17.36%	16.42%
Return on Invested Capital (ROIC)	198.22%	124.90%	24.44%	68.77%	57.11%	74.36%	128.95%	147.95%	124.55%	57.83%	53.95%
ROIC Less NNEP Spread (ROIC-NNEP)	189.47%	116.91%	25.16%	70.09%	58.90%	72.73%	127.09%	148.24%	125.21%	57.92%	54.06%
Return on Net Nonoperating Assets (RNNOA)	-79.04%	-33.44%	-6.51%	-23.94%	-27.34%	-48.41%	-79.69%	-102.01%	-92.35%	-44.14%	-39.73%
Return on Equity (ROE)	119.18%	91.46%	17.93%	44.83%	29.78%	25.95%	49.26%	45.94%	32.20%	13.68%	14.22%
Cash Return on Invested Capital (CROIC)	148.06%	95.01%	5.57%	40.46%	-58.28%	91.29%	79.68%	119.48%	63.28%	81.34%	51.02%
Operating Return on Assets (OROA)	93.03%	62.13%	9.78%	27.81%	19.68%	18.58%	31.13%	30.24%	22.18%	10.31%	10.70%
Return on Assets (ROA)	82.20%	55.67%	10.23%	26.73%	18.79%	18.27%	33.76%	28.91%	19.36%	8.43%	8.73%
Return on Common Equity (ROCE)	119.18%	91.46%	17.93%	44.83%	29.78%	25.95%	49.26%	45.84%	31.83%	13.55%	14.22%
Return on Equity Simple (ROE_SIMPLE)	91.87%	69.24%	19.76%	36.65%	25.64%	22.91%	44.33%	40.78%	28.91%	13.74%	14.28%
Net Operating Profit after Tax (NOPAT)	70,648	29,016	4,413	9,850	4,453	2,679	4,043	3,060	1,691	617	634
NOPAT Margin	54.14%	47.63%	16.36%	36.60%	26.70%	24.54%	34.51%	31.50%	24.48%	12.32%	13.55%
Net Nonoperating Expense Percent (NNEP)	8.75%	8.00%	-0.71%	-1.32%	-1.79%	1.63%	1.86%	-0.29%	-0.66%	-0.10%	-0.10%
Return On Investment Capital (ROIC_SIMPLE)	80.47%	55.07%	13.35%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	25.01%	27.28%	43.07%	35.07%	37.66%	38.01%	38.79%	40.07%	41.20%	43.89%	44.49%
SG&A Expenses to Revenue	2.68%	4.36%	9.05%	8.05%	11.63%	10.01%	8.46%	8.39%	9.59%	12.02%	10.25%
R&D to Revenue	9.90%	14.24%	27.21%	19.57%	23.53%	25.91%	20.28%	18.50%	21.17%	26.57%	29.05%
Operating Expenses to Revenue	12.57%	18.60%	41.27%	27.62%	35.17%	35.92%	28.74%	26.89%	30.81%	41.20%	39.30%
Earnings before Interest and Taxes (EBIT)	82,487	33,209	4,176	10,148	4,536	2,844	3,818	3,188	1,909	751	773
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84,351	34,717	5,720	11,322	5,634	3,225	4,080	3,387	2,096	977	1,021
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	44.03	35.07	22.65	21.42	18.99	12.51	10.37	19.52	10.31	3.44	2.45
Price to Tangible Book Value (P/TBV)	47.63	40.26	31.19	28.62	32.21	13.23	11.17	21.44	11.79	4.18	3.02
Price to Revenue (P/Rev)	26.77	24.74	18.56	21.18	19.24	13.98	8.27	15.01	8.60	3.07	2.31
Price to Earnings (P/E)	47.92	50.64	114.61	58.46	74.07	54.61	23.41	47.85	35.67	25.07	17.13
Dividend Yield	0.02%	0.03%	0.08%	0.07%	0.12%	0.26%	0.39%	0.24%	0.44%	1.37%	1.69%
Earnings Yield	2.09%	1.97%	0.87%	1.71%	1.35%	1.83%	4.27%	2.09%	2.80%	3.99%	5.84%
Enterprise Value to Invested Capital (EV/IC)	77.57	55.83	25.22	34.24	25.72	43.59	23.41	59.54	31.25	12.60	6.36
Enterprise Value to Revenue (EV/Rev)	26.50	24.47	18.47	20.80	18.97	13.17	7.81	14.48	8.02	2.37	1.62
Enterprise Value to EBITDA (EV/EBITDA)	41.00	42.94	87.11	49.45	56.13	44.58	22.42	41.54	26.45	12.15	7.43
Enterprise Value to EBIT (EV/EBIT)	41.92	44.89	119.32	55.17	69.72	50.55	23.96	44.13	29.04	15.80	9.81
Enterprise Value to NOPAT (EV/NOPAT)	48.95	51.38	112.91	56.84	71.02	53.66	22.63	45.97	32.78	19.22	11.96
Enterprise Value to Operating Cash Flow (EV/OCF)	53.96	53.07	88.33	61.47	54.32	30.20	24.44	40.18	33.16	10.10	8.37
Enterprise Value to Free Cash Flow (EV/FCFF)	65.53	67.55	495.83	96.61	0.00	43.71	36.62	56.93	64.51	13.67	12.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.23	0.50	0.41	0.41	0.16	0.21	0.27	0.48	0.31	0.32
Long-Term Debt to Equity	0.11	0.20	0.44	0.41	0.35	0.16	0.21	0.27	0.34	0.00	0.32
Financial Leverage	-0.42	-0.29	-0.26	-0.34	-0.46	-0.67	-0.63	-0.69	-0.74	-0.76	-0.74
Leverage Ratio	1.45	1.64	1.75	1.68	1.58	1.42	1.46	1.59	1.66	1.62	1.63
Compound Leverage Factor	1.48	1.67	1.75	1.64	1.54	1.48	1.49	1.59	1.66	1.61	1.59
Debt to Total Capital	9.64%	18.43%	33.14%	29.14%	29.19%	14.03%	17.55%	21.12%	32.42%	23.80%	24.04%
Short-Term Debt to Total Capital	0.00%	2.37%	3.78%	0.00%	4.19%	0.00%	0.00%	0.16%	9.29%	23.63%	0.00%
Long-Term Debt to Total Capital	9.64%	16.06%	29.36%	29.14%	25.00%	14.03%	17.55%	20.96%	23.13%	0.17%	24.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.36%	1.46%	0.00%
Common Equity to Total Capital	90.36%	81.57%	66.86%	70.86%	70.81%	85.97%	82.45%	78.88%	67.22%	74.74%	75.96%
Debt to EBITDA	0.10	0.28	1.91	0.97	1.24	0.62	0.49	0.59	1.33	1.46	1.37
Net Debt to EBITDA	-0.41	-0.47	-0.41	-0.91	-0.82	-2.76	-1.33	-1.51	-1.92	-3.70	-3.16
Long-Term Debt to EBITDA	0.10	0.24	1.70	0.97	1.06	0.62	0.49	0.59	0.95	0.01	1.37
Debt to NOPAT	0.12	0.33	2.48	1.11	1.56	0.74	0.49	0.65	1.64	2.31	2.20
Net Debt to NOPAT	-0.49	-0.56	-0.53	-1.04	-1.03	-3.32	-1.34	-1.67	-2.38	-5.85	-5.08
Long-Term Debt to NOPAT	0.12	0.29	2.20	1.11	1.34	0.74	0.49	0.65	1.17	0.02	2.20
Altman Z-Score	70.06	43.59	17.56	22.01	18.70	21.13	18.71	26.96	11.84	5.73	4.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%	1.14%	0.97%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.44	4.17	3.52	6.65	4.09	7.67	7.94	8.03	4.77	2.57	6.38
Quick Ratio	3.67	3.38	2.61	5.96	3.56	7.04	6.66	7.26	4.26	2.36	5.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	52,771	22,071	1,005	5,795	-4,544	3,289	2,498	2,471	859	868	600
Operating Cash Flow to CapEx	1,980.50%	2,627.69%	307.75%	933.20%	516.13%	973.62%	623.83%	590.56%	950.00%	1,366.28%	742.62%
Free Cash Flow to Firm to Interest Expense	213.65	85.88	3.84	24.56	-24.70	63.26	43.07	40.51	14.82	18.47	13.04
Operating Cash Flow to Interest Expense	259.47	109.30	21.53	38.59	31.64	91.56	64.53	57.41	28.83	25.00	19.70
Operating Cash Flow Less CapEx to Interest Expense	246.37	105.14	14.53	34.46	25.51	82.15	54.19	47.69	25.79	23.17	17.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.47	1.14	0.63	0.74	0.72	0.71	0.96	0.92	0.80	0.69	0.65
Accounts Receivable Turnover	7.89	8.81	6.36	7.60	8.16	7.09	8.71	9.29	10.38	10.23	10.40
Inventory Turnover	4.25	3.18	2.99	4.26	4.48	3.25	3.83	4.90	4.70	4.88	4.78
Fixed Asset Turnover	25.60	15.78	8.19	10.93	8.72	7.09	9.76	12.80	14.00	9.79	8.22
Accounts Payable Turnover	7.25	8.54	7.81	6.44	6.84	6.93	8.21	7.20	7.29	7.47	6.75
Days Sales Outstanding (DSO)	46.24	41.42	57.35	48.00	44.72	51.50	41.89	39.28	35.15	35.66	35.10
Days Inventory Outstanding (DIO)	85.90	114.64	121.96	85.67	81.53	112.31	95.21	74.56	77.69	74.78	76.29
Days Payable Outstanding (DPO)	50.37	42.73	46.75	56.69	53.36	52.68	44.45	50.69	50.06	48.88	54.09
Cash Conversion Cycle (CCC)	81.76	113.33	132.57	76.98	72.88	111.13	92.64	63.15	62.78	61.56	57.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	44,580	26,703	19,758	16,350	12,295	3,298	3,908	2,363	1,774	942	1,193
Invested Capital Turnover	3.66	2.62	1.49	1.88	2.14	3.03	3.74	4.70	5.09	4.69	3.98
Increase / (Decrease) in Invested Capital	17,877	6,945	3,408	4,055	8,997	-610	1,545	589	832	-251	35
Enterprise Value (EV)	3,458,017	1,490,763	498,272	559,878	316,264	143,771	91,486	140,694	55,437	11,868	7,584
Market Capitalization	3,492,764	1,507,038	500,615	570,140	320,862	152,677	96,920	145,802	59,425	15,395	10,809
Book Value per Share	$3.24	$17.40	$8.98	$10.64	$27.29	$19.94	$15.31	$12.34	$10.68	$8.30	$8.13
Tangible Book Value per Share	$2.99	$15.16	$6.53	$7.97	$16.10	$18.85	$14.23	$11.23	$9.34	$6.84	$6.58
Total Capital	87,790	52,687	33,054	37,558	23,856	14,195	11,330	9,471	8,572	5,979	5,816
Total Debt	8,463	9,709	10,953	10,946	6,963	1,991	1,988	2,000	2,779	1,423	1,398
Total Long-Term Debt	8,463	8,459	9,703	10,946	5,964	1,991	1,988	1,985	1,983	10	1,398
Net Debt	-34,747	-16,275	-2,343	-10,262	-4,598	-8,906	-5,434	-5,108	-4,019	-3,614	-3,225
Capital Expenditures (CapEx)	3,236	1,069	1,833	976	1,128	489	600	593	176	86	122
Debt-free, Cash-free Net Working Capital (DFCFNWC)	18,869	8,980	4,464	3,286	1,568	1,009	1,806	1,009	746	78	194
Debt-free Net Working Capital (DFNWC)	62,079	34,964	17,760	24,494	13,129	11,906	9,228	8,117	7,544	5,115	4,817
Net Working Capital (NWC)	62,079	33,714	16,510	24,494	12,130	11,906	9,228	8,102	6,748	3,702	4,817
Net Nonoperating Expense (NNE)	-2,232	-744	45	98	121	-117	-98	13	25	3.31	3.34
Net Nonoperating Obligations (NNO)	-34,747	-16,275	-2,343	-10,262	-4,598	-8,906	-5,434	-5,108	-4,019	-3,614	-3,225
Total Depreciation and Amortization (D&A)	1,864	1,508	1,544	1,174	1,098	381	262	199	187	226	248
Debt-free, Cash-free Net Working Capital to Revenue	14.46%	14.74%	16.55%	12.21%	9.40%	9.24%	15.41%	10.39%	10.80%	1.56%	4.14%
Debt-free Net Working Capital to Revenue	47.57%	57.39%	65.84%	91.01%	78.73%	109.05%	78.76%	83.56%	109.18%	102.10%	102.88%
Net Working Capital to Revenue	47.57%	55.34%	61.21%	91.01%	72.74%	109.05%	78.76%	83.41%	97.66%	73.89%	102.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.97	$1.21	$0.18	$0.39	$0.18	$0.11	$0.17	$0.13	$0.00	$0.03	$0.03
Adjusted Weighted Average Basic Shares Outstanding	24.56B	24.69B	24.87B	24.96B	24.68B	24.36B	24.32B	23.96B	0.00	21.72B	22.09B
Adjusted Diluted Earnings per Share	$2.94	$1.19	$0.17	$0.39	$0.17	$0.11	$0.17	$0.12	$0.00	$0.03	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	24.80B	24.94B	25.07B	25.35B	25.12B	24.72B	25B	25.28B	0.00	22.76B	22.52B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.11	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.40B	25B	24.70B	25.10B	24.80B	24.48B	24.24B	24.19B	0.00	21.67B	21.99B
Normalized Net Operating Profit after Tax (NOPAT)	70,648	29,016	2,957	9,850	4,453	2,679	2,663	3,060	1,694	726	634
Normalized NOPAT Margin	54.14%	47.63%	10.96%	36.60%	26.70%	24.54%	22.73%	31.50%	24.52%	14.48%	13.55%
Pre Tax Income Margin	64.39%	55.51%	15.50%	36.94%	26.44%	27.20%	33.25%	32.90%	27.57%	14.83%	16.13%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	333.96	129.22	15.94	43.00	24.65	54.69	65.83	52.26	32.91	15.98	16.80
NOPAT to Interest Expense	286.03	112.90	16.84	41.74	24.20	51.52	69.71	50.17	29.16	13.13	13.79
EBIT Less CapEx to Interest Expense	320.85	125.06	8.94	38.86	18.52	45.29	55.48	42.54	29.88	14.15	14.15
NOPAT Less CapEx to Interest Expense	272.92	108.74	9.85	37.60	18.07	42.12	59.37	40.45	26.13	11.30	11.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.14%	1.33%	9.11%	4.09%	9.12%	13.95%	8.96%	11.19%	15.67%	34.69%	29.48%
Augmented Payout Ratio	47.39%	33.36%	238.94%	4.09%	9.12%	13.95%	47.09%	41.02%	60.02%	130.29%	158.48%

This table displays calculated financial ratios and metrics derived from NVIDIA's official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/26/2025	10/27/2024	7/28/2024	4/28/2024	1/28/2024	10/29/2023	7/30/2023	4/30/2023	1/29/2023	10/30/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	77.94%	93.61%	122.40%	262.12%	265.28%	205.51%	101.48%	-13.22%	-20.83%	-16.50%	3.03%
EBITDA Growth	77.48%	108.74%	166.67%	593.26%	757.55%	976.61%	728.44%	14.62%	-48.43%	-66.70%	-68.11%
EBIT Growth	78.51%	111.62%	174.54%	699.25%	1,021.58%	1,654.41%	1,288.46%	14.56%	-57.58%	-78.09%	-79.82%
NOPAT Growth	77.54%	106.78%	167.19%	635.78%	760.01%	1,272.57%	774.64%	18.20%	-55.69%	-73.28%	-71.57%
Net Income Growth	79.81%	108.90%	168.25%	628.39%	768.88%	1,259.26%	843.29%	26.27%	-52.90%	-72.40%	-72.37%
EPS Growth	80.00%	110.81%	168.00%	629.27%	768.88%	1,259.26%	843.29%	28.13%	-52.90%	-72.16%	-72.34%
Operating Cash Flow Growth	44.61%	140.41%	128.23%	427.14%	411.52%	1,770.41%	399.84%	68.17%	-25.88%	-74.19%	-52.65%
Free Cash Flow Firm Growth	-35.34%	113.95%	109.77%	686.15%	342.14%	218.77%	171.68%	42.97%	-115.18%	-283.94%	-224.98%
Invested Capital Growth	66.95%	45.30%	50.21%	36.02%	35.15%	28.89%	19.25%	19.05%	20.84%	24.04%	32.20%
Revenue Q/Q Growth	12.11%	16.78%	15.34%	17.83%	21.98%	34.15%	87.81%	18.86%	2.02%	-11.53%	-19.11%
EBITDA Q/Q Growth	13.08%	16.19%	10.75%	21.97%	32.99%	48.44%	187.92%	50.87%	66.97%	14.22%	-60.16%
EBIT Q/Q Growth	13.07%	16.32%	10.87%	22.42%	34.04%	50.91%	222.78%	71.79%	109.66%	19.43%	-73.37%
NOPAT Q/Q Growth	11.26%	17.49%	10.59%	22.80%	29.59%	51.82%	204.55%	43.54%	106.82%	-3.26%	-58.84%
Net Income Q/Q Growth	14.41%	16.33%	11.54%	21.12%	32.92%	49.37%	202.89%	44.48%	107.94%	3.66%	-59.46%
EPS Q/Q Growth	15.38%	16.42%	-88.80%	20.08%	32.92%	49.37%	202.89%	43.86%	107.94%	3.85%	-59.38%
Operating Cash Flow Q/Q Growth	-5.66%	21.67%	-5.58%	33.45%	56.83%	15.50%	118.07%	29.49%	473.47%	-69.13%	-26.63%
Free Cash Flow Firm Q/Q Growth	-58.95%	41.47%	-25.09%	48.62%	35.85%	38.70%	309.31%	38.60%	33.37%	16.29%	-66.53%
Invested Capital Q/Q Growth	24.27%	12.75%	16.06%	2.66%	8.15%	16.56%	5.11%	2.00%	3.14%	7.84%	4.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.03%	74.56%	75.15%	78.35%	75.97%	73.95%	70.05%	64.63%	63.34%	53.57%	43.48%
EBITDA Margin	64.35%	63.80%	64.13%	66.79%	64.52%	59.18%	53.48%	34.89%	27.48%	16.79%	13.01%
Operating Margin	61.10%	62.34%	62.06%	64.92%	61.60%	57.49%	50.34%	29.76%	20.76%	10.13%	7.44%
EBIT Margin	62.97%	62.44%	62.69%	65.21%	62.77%	57.12%	50.78%	29.55%	20.44%	9.95%	7.37%
Profit (Net Income) Margin	56.17%	55.04%	55.26%	57.14%	55.59%	51.01%	45.81%	28.41%	23.37%	11.47%	9.79%
Tax Burden Percent	87.60%	86.53%	86.39%	86.12%	87.10%	87.84%	88.64%	92.49%	109.78%	110.93%	138.11%
Interest Burden Percent	101.82%	101.88%	102.03%	101.74%	101.67%	101.65%	101.78%	103.95%	104.12%	103.90%	96.15%
Effective Tax Rate	12.40%	13.47%	13.61%	13.88%	12.90%	12.16%	11.36%	7.51%	-9.78%	-10.93%	-38.11%
Return on Invested Capital (ROIC)	195.99%	201.75%	194.83%	187.54%	140.70%	103.36%	74.89%	38.41%	34.05%	18.56%	19.60%
ROIC Less NNEP Spread (ROIC-NNEP)	191.93%	199.75%	191.81%	185.10%	136.10%	101.65%	72.31%	37.48%	33.49%	18.31%	20.08%
Return on Net Nonoperating Assets (RNNOA)	-80.07%	-77.75%	-73.13%	-65.57%	-38.94%	-20.04%	-17.47%	-10.14%	-8.67%	-4.28%	-6.16%
Return on Equity (ROE)	115.93%	124.00%	121.71%	121.97%	101.76%	83.32%	57.43%	28.27%	25.38%	14.28%	13.44%
Cash Return on Invested Capital (CROIC)	148.06%	165.99%	154.87%	144.38%	95.01%	59.33%	34.05%	7.95%	5.57%	14.05%	23.31%
Operating Return on Assets (OROA)	92.68%	94.20%	89.58%	85.61%	71.54%	54.17%	35.68%	17.05%	12.92%	7.01%	5.34%
Return on Assets (ROA)	82.67%	83.03%	78.97%	75.01%	63.35%	48.37%	32.19%	16.40%	14.77%	8.07%	7.09%
Return on Common Equity (ROCE)	115.93%	124.00%	121.71%	121.97%	101.76%	83.32%	57.43%	28.27%	25.38%	14.28%	13.44%
Return on Equity Simple (ROE_SIMPLE)	0.00%	95.71%	91.15%	86.68%	0.00%	56.78%	37.54%	19.55%	0.00%	27.90%	32.45%
Net Operating Profit after Tax (NOPAT)	21,054	18,922	16,105	14,562	11,858	9,151	6,028	1,979	1,379	667	689
NOPAT Margin	53.53%	53.94%	53.61%	55.91%	53.65%	50.50%	44.63%	27.52%	22.79%	11.24%	10.28%
Net Nonoperating Expense Percent (NNEP)	4.07%	2.00%	3.03%	2.44%	4.59%	1.71%	2.59%	0.93%	0.56%	0.25%	-0.48%
Return On Investment Capital (ROIC_SIMPLE)	23.98%	-	-	-	22.51%	-	-	-	4.17%	-	-
Cost of Revenue to Revenue	26.97%	25.44%	24.85%	21.65%	24.03%	26.05%	29.95%	35.37%	36.66%	46.43%	56.52%
SG&A Expenses to Revenue	2.48%	2.56%	2.80%	2.98%	3.21%	3.80%	4.61%	8.80%	10.33%	10.64%	8.83%
R&D to Revenue	9.44%	9.66%	10.29%	10.44%	11.16%	12.66%	15.10%	26.07%	32.26%	32.79%	27.21%
Operating Expenses to Revenue	11.92%	12.22%	13.09%	13.43%	14.37%	16.46%	19.71%	34.87%	42.59%	43.43%	36.04%
Earnings before Interest and Taxes (EBIT)	24,767	21,905	18,831	16,984	13,874	10,351	6,859	2,125	1,237	590	494
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25,310	22,383	19,264	17,394	14,261	10,723	7,224	2,509	1,663	996	872
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	44.03	52.69	47.82	44.09	35.07	30.06	41.98	27.94	22.65	16.12	19.02
Price to Tangible Book Value (P/TBV)	47.63	57.54	52.89	49.58	40.26	36.25	53.26	36.94	31.19	22.75	26.00
Price to Revenue (P/Rev)	26.77	30.65	28.88	27.16	24.74	22.29	35.32	26.48	18.56	12.05	15.25
Price to Earnings (P/E)	47.92	55.05	52.47	50.87	50.64	52.95	111.80	142.94	114.61	57.79	58.60
Dividend Yield	0.02%	0.02%	0.02%	0.02%	0.03%	0.04%	0.03%	0.06%	0.08%	0.12%	0.09%
Earnings Yield	2.09%	1.82%	1.91%	1.97%	1.97%	1.89%	0.89%	0.70%	0.87%	1.73%	1.71%
Enterprise Value to Invested Capital (EV/IC)	77.57	95.95	86.58	78.25	55.83	40.16	54.20	33.78	25.22	17.85	25.19
Enterprise Value to Revenue (EV/Rev)	26.50	30.39	28.61	26.89	24.47	22.10	35.13	26.31	18.47	11.97	15.05
Enterprise Value to EBITDA (EV/EBITDA)	41.00	46.96	44.69	43.25	42.94	44.82	92.65	112.71	87.11	46.96	48.24
Enterprise Value to EBIT (EV/EBIT)	41.92	48.08	45.89	44.63	44.89	48.20	106.19	153.12	119.32	58.41	56.23
Enterprise Value to NOPAT (EV/NOPAT)	48.95	56.01	53.31	51.57	51.38	53.48	114.22	144.84	112.91	55.68	56.19
Enterprise Value to Operating Cash Flow (EV/OCF)	53.96	58.38	56.61	52.94	53.07	52.63	96.48	99.80	88.33	53.22	59.24
Enterprise Value to Free Cash Flow (EV/FCFF)	65.53	68.48	67.13	62.47	67.55	76.23	173.13	461.54	495.83	140.73	123.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.13	0.15	0.20	0.23	0.29	0.35	0.45	0.50	0.51	0.46
Long-Term Debt to Equity	0.11	0.13	0.15	0.17	0.20	0.25	0.31	0.40	0.44	0.45	0.41
Financial Leverage	-0.42	-0.39	-0.38	-0.35	-0.29	-0.20	-0.24	-0.27	-0.26	-0.23	-0.31
Leverage Ratio	1.45	1.51	1.57	1.65	1.64	1.73	1.81	1.76	1.75	1.80	1.83
Compound Leverage Factor	1.48	1.54	1.61	1.68	1.67	1.76	1.84	1.83	1.82	1.87	1.75
Debt to Total Capital	9.64%	11.38%	12.70%	16.50%	18.43%	22.59%	26.08%	30.88%	33.14%	33.90%	31.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	2.12%	2.37%	2.91%	3.36%	3.52%	3.78%	3.87%	3.59%
Long-Term Debt to Total Capital	9.64%	11.38%	12.70%	14.38%	16.06%	19.68%	22.73%	27.36%	29.36%	30.04%	27.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.36%	88.62%	87.30%	83.50%	81.57%	77.41%	73.92%	69.12%	66.86%	66.10%	68.54%
Debt to EBITDA	0.10	0.12	0.14	0.20	0.28	0.44	0.78	1.81	1.91	1.50	1.18
Net Debt to EBITDA	-0.41	-0.41	-0.43	-0.44	-0.47	-0.39	-0.51	-0.72	-0.41	-0.30	-0.66
Long-Term Debt to EBITDA	0.10	0.12	0.14	0.17	0.24	0.38	0.68	1.61	1.70	1.33	1.05
Debt to NOPAT	0.12	0.14	0.16	0.23	0.33	0.52	0.97	2.33	2.48	1.78	1.37
Net Debt to NOPAT	-0.49	-0.49	-0.51	-0.52	-0.56	-0.46	-0.63	-0.93	-0.53	-0.36	-0.76
Long-Term Debt to NOPAT	0.12	0.14	0.16	0.20	0.29	0.46	0.84	2.06	2.20	1.58	1.22
Altman Z-Score	68.36	72.54	64.90	49.58	42.62	31.24	33.39	22.21	17.32	12.37	15.55
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.44	4.10	4.27	3.53	4.17	3.59	2.79	3.43	3.52	3.39	3.62
Quick Ratio	3.67	3.41	3.50	2.88	3.38	2.92	2.23	2.67	2.61	2.63	2.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,177	7,738	5,470	7,302	4,913	3,617	2,608	-1,246	-2,029	-3,045	-3,638
Operating Cash Flow to CapEx	1,544.01%	2,168.14%	1,482.91%	4,158.54%	4,527.17%	2,637.41%	2,196.54%	1,173.79%	441.65%	73.96%	293.30%
Free Cash Flow to Firm to Interest Expense	52.08	126.86	89.67	114.10	77.99	57.41	40.12	-18.88	-31.71	-46.85	-55.97
Operating Cash Flow to Interest Expense	272.61	288.97	237.51	239.77	182.52	116.38	97.66	44.11	35.13	6.03	19.54
Operating Cash Flow Less CapEx to Interest Expense	254.95	275.64	221.49	234.00	178.49	111.97	93.22	40.35	27.17	-2.12	12.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.47	1.51	1.43	1.31	1.14	0.95	0.70	0.58	0.63	0.70	0.72
Accounts Receivable Turnover	7.89	8.71	9.09	9.70	8.81	6.79	5.28	5.44	6.36	6.45	6.68
Inventory Turnover	4.25	4.40	4.21	3.76	3.18	2.93	2.82	2.91	2.99	3.60	3.92
Fixed Asset Turnover	25.60	24.66	22.18	20.60	15.78	11.78	9.29	7.78	8.19	9.09	10.63
Accounts Payable Turnover	7.25	7.07	8.25	10.23	8.54	6.99	5.32	7.20	7.81	7.63	6.04
Days Sales Outstanding (DSO)	46.24	41.89	40.17	37.62	41.42	53.76	69.15	67.12	57.35	56.62	54.64
Days Inventory Outstanding (DIO)	85.90	82.99	86.72	96.97	114.64	124.57	129.57	125.50	121.96	101.34	93.15
Days Payable Outstanding (DPO)	50.37	51.62	44.24	35.69	42.73	52.23	68.67	50.69	46.75	47.81	60.44
Cash Conversion Cycle (CCC)	81.76	73.27	82.65	98.89	113.33	126.10	130.05	141.93	132.57	110.14	87.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	44,580	35,874	31,818	27,414	26,703	24,690	21,183	20,154	19,758	19,156	17,763
Invested Capital Turnover	3.66	3.74	3.63	3.35	2.62	2.05	1.68	1.40	1.49	1.65	1.91
Increase / (Decrease) in Invested Capital	17,877	11,184	10,635	7,260	6,945	5,534	3,420	3,225	3,408	3,712	4,327
Enterprise Value (EV)	3,458,017	3,441,951	2,754,937	2,145,149	1,490,763	991,474	1,148,061	680,758	498,272	341,988	447,476
Market Capitalization	3,492,764	3,471,976	2,781,276	2,166,877	1,507,038	1,000,049	1,154,379	685,124	500,615	344,181	453,564
Book Value per Share	$3.24	$2.69	$23.64	$19.96	$17.40	$13.47	$11.13	$9.93	$8.98	$8.57	$9.54
Tangible Book Value per Share	$2.99	$2.46	$21.38	$17.75	$15.16	$11.17	$8.78	$7.51	$6.53	$6.08	$6.98
Total Capital	87,790	74,361	66,618	58,852	52,687	42,971	37,206	35,474	33,054	32,299	34,800
Total Debt	8,463	8,462	8,461	9,710	9,709	9,706	9,705	10,954	10,953	10,950	10,949
Total Long-Term Debt	8,463	8,462	8,461	8,460	8,459	8,457	8,456	9,704	9,703	9,701	9,700
Net Debt	-34,747	-30,025	-26,339	-21,728	-16,275	-8,575	-6,318	-4,366	-2,343	-2,193	-6,088
Capital Expenditures (CapEx)	1,077	813	977	369	254	278	289	248	509	530	433
Debt-free, Cash-free Net Working Capital (DFCFNWC)	18,869	12,674	10,864	8,318	8,980	6,525	3,689	3,553	4,464	4,474	4,057
Debt-free Net Working Capital (DFNWC)	62,079	51,161	45,664	39,756	34,964	24,806	19,712	18,873	17,760	17,617	21,094
Net Working Capital (NWC)	62,079	51,161	45,664	38,506	33,714	23,557	18,463	17,623	16,510	16,368	19,845
Net Nonoperating Expense (NNE)	-1,037	-387	-494	-319	-428	-92	-160	-64	-35	-13	33
Net Nonoperating Obligations (NNO)	-34,747	-30,025	-26,339	-21,728	-16,275	-8,575	-6,318	-4,366	-2,343	-2,193	-6,088
Total Depreciation and Amortization (D&A)	543	478	433	410	387	372	365	384	426	406	378
Debt-free, Cash-free Net Working Capital to Revenue	14.46%	11.19%	11.28%	10.43%	14.74%	14.54%	11.29%	13.73%	16.55%	15.66%	13.64%
Debt-free Net Working Capital to Revenue	47.57%	45.17%	47.42%	49.84%	57.39%	55.28%	60.32%	72.93%	65.84%	61.67%	70.93%
Net Working Capital to Revenue	47.57%	45.17%	47.42%	48.27%	55.34%	52.50%	56.49%	68.10%	61.21%	57.30%	66.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$0.79	$0.68	$0.60	$0.05	$0.38	$0.25	$0.08	$0.01	$0.03	$0.03
Adjusted Weighted Average Basic Shares Outstanding	24.56B	24.53B	24.58B	24.62B	246.90B	24.68B	24.73B	24.70B	248.70B	24.83B	24.95B
Adjusted Diluted Earnings per Share	$0.90	$0.78	$0.67	$0.60	$0.05	$0.37	$0.25	$0.08	$0.01	$0.03	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	24.80B	24.77B	24.85B	24.89B	249.40B	24.94B	24.99B	24.90B	250.70B	24.99B	25.16B
Adjusted Basic & Diluted Earnings per Share	$0.90	$0.00	$0.00	$0.00	$0.05	$0.00	$0.00	$0.00	$0.01	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.40B	24.49B	24.53B	24.60B	25B	24.70B	24.70B	24.70B	24.70B	24.60B	24.90B
Normalized Net Operating Profit after Tax (NOPAT)	21,054	18,922	16,105	14,562	11,858	9,151	6,028	1,979	879	421	349
Normalized NOPAT Margin	53.53%	53.94%	53.61%	55.91%	53.65%	50.50%	44.63%	27.52%	14.53%	7.09%	5.21%
Pre Tax Income Margin	64.11%	63.61%	63.96%	66.35%	63.82%	58.07%	51.68%	30.71%	21.29%	10.34%	7.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	406.02	359.10	308.70	265.38	220.22	164.30	105.52	32.20	19.33	9.08	7.60
NOPAT to Interest Expense	345.14	310.20	264.01	227.54	188.23	145.25	92.73	29.99	21.54	10.26	10.60
EBIT Less CapEx to Interest Expense	388.36	345.77	292.69	259.61	216.19	159.89	101.08	28.44	11.38	0.92	0.94
NOPAT Less CapEx to Interest Expense	327.49	296.87	248.00	221.77	184.20	140.84	88.29	26.23	13.59	2.10	3.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.14%	1.09%	1.02%	0.92%	1.33%	2.09%	3.85%	8.28%	9.11%	6.73%	5.18%
Augmented Payout Ratio	47.39%	46.36%	41.32%	41.47%	33.36%	44.90%	79.05%	176.09%	238.94%	154.92%	74.19%

Frequently Asked Questions About NVIDIA's Financials

When does NVIDIA's fiscal year end?

According to the most recent income statement we have on file, NVIDIA's financial year ends in January. Their financial year 2025 ended on January 26, 2025.

How has NVIDIA's net income changed over the last 10 years?

NVIDIA's net income appears to be on an upward trend, with a most recent value of $72.88 billion in 2025, rising from $631 million in 2015. The previous period was $29.76 billion in 2024. View NVIDIA's forecast to see where analysts expect NVIDIA to go next.

What is NVIDIA's operating income?

NVIDIA's total operating income in 2025 was $81.45 billion, based on the following breakdown:

Total Gross Profit: $97.86 billion
Total Operating Expenses: $16.41 billion

How has NVIDIA revenue changed over the last 10 years?

Over the last 10 years, NVIDIA's total revenue changed from $4.68 billion in 2015 to $130.50 billion in 2025, a change of 2,687.2%.

How much debt does NVIDIA have?

NVIDIA's total liabilities were at $32.27 billion at the end of 2025, a 41.9% increase from 2024, and a 1,059.7% increase since 2015.

How much cash does NVIDIA have?

In the past 10 years, NVIDIA's cash and equivalents has ranged from $497 million in 2015 to $10.90 billion in 2020, and is currently $8.59 billion as of their latest financial filing in 2025.

How has NVIDIA's book value per share changed over the last 10 years?

Over the last 10 years, NVIDIA's book value per share changed from 8.13 in 2015 to 3.24 in 2025, a change of -60.1%.

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This page (NASDAQ:NVDA) was last updated on 5/20/2025 by MarketBeat.com Staff

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NVIDIA (NVDA) Financials

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