NVIDIA (NVDA) Financials

$180.00 +6.28 (+3.62%)

Closing price 08/4/2025 04:00 PM Eastern

Extended Trading

$180.67 +0.67 (+0.37%)

As of 08/4/2025 08:00 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/25/2015	1/31/2016	1/29/2017	1/28/2018	1/27/2019	1/26/2020	1/31/2021	1/30/2022	1/29/2023	1/28/2024	1/26/2025
Net Income / (Loss) Attributable to Common Shareholders	631	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880
Consolidated Net Income / (Loss)	631	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880
Net Income / (Loss) Continuing Operations	631	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880
Total Pre-Tax Income	755	743	1,905	3,196	3,896	2,970	4,409	9,941	4,181	33,818	84,026
Total Operating Income	759	747	1,934	3,210	3,804	2,846	4,532	10,041	4,224	32,972	81,453
Total Gross Profit	2,599	2,811	4,063	5,822	7,171	6,768	10,396	17,475	15,356	44,301	97,858
Total Revenue	4,682	5,010	6,910	9,714	11,716	10,918	16,675	26,914	26,974	60,922	130,497
Operating Revenue	4,682	5,010	6,910	9,714	11,716	10,918	16,675	26,914	26,974	60,922	130,497
Total Cost of Revenue	2,083	2,199	2,847	3,892	4,545	4,150	6,279	9,439	11,618	16,621	32,639
Operating Cost of Revenue	2,083	2,199	2,847	3,892	4,545	4,150	6,279	9,439	11,618	16,621	32,639
Total Operating Expenses	1,840	2,064	2,129	2,612	3,367	3,922	5,864	7,434	11,132	11,329	16,405
Selling, General & Admin Expense	480	602	663	815	991	1,093	1,940	2,166	2,440	2,654	3,491
Research & Development Expense	1,360	1,331	1,463	1,797	2,376	2,829	3,924	5,268	7,339	8,675	12,914
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	0.00	1,353	0.00	0.00
Total Other Income / (Expense), net	-4.00	-4.00	-29	-14	92	124	-123	-100	-43	846	2,573
Interest Expense	46	47	58	61	58	52	184	236	262	257	247
Interest & Investment Income	28	39	54	69	136	178	57	29	267	866	1,786
Other Income / (Expense), net	14	4.00	-25	-22	14	-2.00	4.00	107	-48	237	1,034
Income Tax Expense	124	129	239	149	-245	174	77	189	-187	4,058	11,146
Basic Earnings per Share	$1.14	$1.13	$3.08	$5.09	$6.81	$1.15	$1.76	$3.91	$0.18	$1.21	$2.97
Weighted Average Basic Shares Outstanding	552M	543M	541M	599M	608M	2.44B	2.47B	2.50B	24.87B	24.69B	24.56B
Diluted Earnings per Share	$1.12	$1.08	$2.57	$4.82	$6.63	$1.13	$1.73	$3.85	$0.17	$1.19	$2.94
Weighted Average Diluted Shares Outstanding	563M	569M	649M	632M	625M	2.47B	2.51B	2.54B	25.07B	24.94B	24.80B
Weighted Average Basic & Diluted Shares Outstanding	553.50M	543.40M	540.90M	598.60M	608.10M	612M	620M	2.51B	2.47B	2.50B	24.40B
Cash Dividends to Common per Share	$0.34	$0.40	$0.49	$0.57	$0.61	$0.16	$0.16	$0.16	-	-	$0.03

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

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

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

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

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

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

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

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

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

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

Key Financial Trends

Over the last four years, NVIDIA (NASDAQ: NVDA) has demonstrated strong growth in its financial performance, highlighted by rising revenues, increased profitability, and robust cash flows. Here's a detailed analysis of its financial performance and trends:

Strong Revenue Growth: NVIDIA has seen total revenue increase significantly from around $6.05 billion in Q4 2023 to $39.33 billion in Q4 2025, illustrating substantial top-line growth.
Increasing Gross Profit: Gross profit grew from approximately $3.83 billion in Q4 2023 to $28.72 billion in Q4 2025, reflecting higher margins and operational efficiency improvements.
Growing Net Income: Net income rose dramatically from $1.41 billion in Q4 2023 to $22.09 billion in Q4 2025, signifying strong bottom-line expansion and profitability.
Strong Operating Income Expansion: Operating income increased from $1.26 billion (Q4 2023) to $24.03 billion (Q4 2025), showing effective cost management and scalable revenue growth.
Robust Cash Flow from Operations: Operating cash flow grew from $2.25 billion in Q4 2023 to $16.63 billion in Q4 2025, indicating strong cash-generating capacity supporting investments and shareholder returns.
Significant Increase in Investments and Property, Plant & Equipment: NVIDIA's capital expenditures and investments increased, reflecting ongoing commitment to innovation and capacity expansion.
Shareholder Returns via Dividends and Buybacks: Despite substantial growth investments, NVIDIA has consistently paid dividends and repurchased shares, supporting shareholder value.
Rising Operating Expenses: Selling, General & Administrative and Research & Development expenses increased proportionally with revenue growth, reflecting investments in growth and product development.
Stable Debt Levels: Long-term debt remained relatively stable around $8.46 billion to $10.95 billion, indicating controlled leverage across the periods.
Increase in Payables & Accrued Expenses: Accounts payable and accrued expenses saw consistent increases, which may reflect normal growth but warrant monitoring for working capital management.

Summary: NVIDIA has displayed impressive revenue and earnings growth along with healthy cash flows and careful capital allocation. Its expanding R&D spend signals aggressive innovation efforts. The company's balance sheet remains strong with modest leverage. These trends highlight NVIDIA's solid financial health and growth potential, making it an attractive stock for growth-focused retail investors.

08/05/25 12:26 AMAI Generated. May Contain Errors.

Frequently Asked Questions About NVIDIA's Financials

When does NVIDIA's financial year end?

According to the most recent income statement we have on file, NVIDIA's fiscal year ends in January. Their fiscal 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. Find out what analysts predict for NVIDIA in the coming months.

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's 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 8/5/2025 by MarketBeat.com Staff

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