NVE (NVEC) Financials

$66.90 -1.58 (-2.31%)

Closing price 04:00 PM Eastern

Extended Trading

$66.87 -0.03 (-0.04%)

As of 04:12 PM Eastern

Annual Income Statements for NVE

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

Metric	2022	2023	2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Net Income / (Loss) Attributable to Common Shareholders	15	23	17
Consolidated Net Income / (Loss)	15	23	17
Net Income / (Loss) Continuing Operations	15	23	17
Total Pre-Tax Income	17	27	20
Total Operating Income	16	26	19
Total Gross Profit	21	30	23
Total Revenue	27	38	30
Operating Revenue	27	38	30
Total Cost of Revenue	6.26	8.06	6.78
Operating Cost of Revenue	6.26	8.06	6.77
Other Cost of Revenue	-	0.00	0.01
Total Operating Expenses	4.40	4.55	4.50
Selling, General & Admin Expense	1.47	1.96	1.77
Research & Development Expense	2.93	2.58	2.73
Total Other Income / (Expense), net	1.17	1.45	1.95
Interest & Investment Income	1.17	1.45	1.95
Income Tax Expense	2.99	4.40	3.34
Basic Earnings per Share	$3.00	$4.70	$3.54
Weighted Average Basic Shares Outstanding	4.83M	4.83M	4.83M
Diluted Earnings per Share	$3.00	$4.70	$3.54
Weighted Average Diluted Shares Outstanding	4.84M	4.83M	4.84M
Weighted Average Basic & Diluted Shares Outstanding	4.83M	4.83M	4.83M
Cash Dividends to Common per Share	$4.00	$4.00	$4.00

This table shows NVE's income and expenses over time, based on quarterly financial 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	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	4.14	6.09	4.23	8.23	4.40	4.72	4.18	3.81	4.10	4.03	3.05
Consolidated Net Income / (Loss)	4.14	6.09	4.23	8.23	4.40	4.72	4.18	3.81	4.10	4.03	3.05
Net Income / (Loss) Continuing Operations	4.14	6.09	4.23	8.23	4.40	4.72	4.18	3.81	4.10	4.03	3.05
Total Pre-Tax Income	4.99	7.56	5.23	9.31	5.80	5.13	4.96	4.57	4.88	4.86	3.57
Total Operating Income	4.71	7.21	4.82	8.90	5.37	4.62	4.47	4.06	4.39	4.40	2.96
Total Gross Profit	5.68	8.32	5.92	10	6.75	5.53	5.40	5.35	5.81	5.81	4.27
Total Revenue	7.34	11	7.40	13	8.83	7.13	6.76	7.08	6.78	6.76	5.06
Operating Revenue	7.34	11	7.40	13	8.83	7.13	6.76	7.08	6.78	6.76	5.06
Total Cost of Revenue	1.65	2.40	1.48	2.53	2.08	1.60	1.36	1.75	0.98	0.95	0.80
Operating Cost of Revenue	1.65	2.40	1.48	2.53	2.08	1.60	1.36	1.74	0.98	0.95	0.80
Other Cost of Revenue	-	0.00	0.00	-	-	-	0.00	-	-	0.00	0.00
Total Operating Expenses	0.97	1.11	1.10	1.36	1.38	0.91	0.93	1.28	1.42	1.42	1.30
Selling, General & Admin Expense	0.37	0.44	0.40	0.75	0.48	0.43	0.39	0.47	0.54	0.57	0.43
Research & Development Expense	0.60	0.67	0.70	0.61	0.70	0.68	0.54	0.81	0.88	0.85	0.87
Total Other Income / (Expense), net	0.28	0.35	0.41	0.41	0.44	0.51	0.49	0.51	0.49	0.46	0.61
Interest & Investment Income	0.28	0.35	0.41	0.41	0.44	0.51	0.49	0.51	0.49	0.46	0.47
Other Income / (Expense), net	-	-	-	-	-	-	0.00	-	-	-	0.14
Income Tax Expense	0.85	1.47	0.99	1.08	1.40	0.41	0.78	0.76	0.79	0.83	0.52
Basic Earnings per Share	$0.86	$1.26	$0.88	$1.70	$0.91	$0.98	$0.87	$0.78	$0.85	$0.83	$0.63
Weighted Average Basic Shares Outstanding	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.84M
Diluted Earnings per Share	$0.86	$1.26	$0.88	$1.70	$0.91	$0.98	$0.87	$0.78	$0.85	$0.83	$0.63
Weighted Average Diluted Shares Outstanding	4.83M	4.83M	4.83M	4.83M	4.84M	4.84M	4.84M	4.84M	4.84M	4.84M	4.84M
Weighted Average Basic & Diluted Shares Outstanding	-	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.84M
Cash Dividends to Common per Share	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00	$1.00

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

Metric	2022	2023	2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Net Change in Cash & Equivalents	0.02	-8.78	8.61
Net Cash From Operating Activities	13	19	18
Net Cash From Continuing Operating Activities	13	19	18
Net Income / (Loss) Continuing Operations	15	23	17
Consolidated Net Income / (Loss)	15	23	17
Depreciation Expense	0.42	0.20	0.31
Amortization Expense	-	0.06	-0.11
Non-Cash Adjustments To Reconcile Net Income	0.08	0.06	0.15
Changes in Operating Assets and Liabilities, net	-2.51	-3.92	0.77
Net Cash From Investing Activities	7.02	-8.53	9.58
Net Cash From Continuing Investing Activities	7.02	-8.53	9.58
Purchase of Property, Plant & Equipment	-0.48	-0.94	-0.02
Purchase of Investments	0.00	-28	-6.10
Sale and/or Maturity of Investments	7.50	21	16
Other Investing Activities, net	0.00	0.10	0.00
Net Cash From Financing Activities	-19	-19	-19
Net Cash From Continuing Financing Activities	-19	-19	-19
Repurchase of Common Equity	-0.16	-0.02	0.00
Payment of Dividends	-19	-19	-19
Issuance of Debt	-	-0.00	0.12
Cash Income Taxes Paid	2.52	4.50	4.54

This table details how cash moves in and out of NVE's business through operations, investing, and financing, using quarterly figures. 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	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	2.85	-9.72	-1.55	-0.36	-0.23	5.51	-2.27	5.60	-4.28	-2.91	2.39
Net Cash From Operating Activities	3.33	6.02	5.40	4.34	5.03	5.36	4.73	3.13	5.85	2.13	3.84
Net Cash From Continuing Operating Activities	3.33	6.02	5.40	4.34	5.03	5.36	4.73	3.13	5.85	2.13	3.84
Net Income / (Loss) Continuing Operations	4.14	6.09	4.23	8.23	4.40	4.72	4.18	3.81	4.10	4.03	3.05
Consolidated Net Income / (Loss)	4.14	6.09	4.23	8.23	4.40	4.72	4.18	3.81	4.10	4.03	3.05
Depreciation Expense	0.09	0.07	0.03	0.01	0.08	0.08	0.08	0.15	0.08	0.08	0.08
Amortization Expense	-	-	-	-	-0.02	-0.02	-0.04	-	-0.05	-0.07	-0.09
Non-Cash Adjustments To Reconcile Net Income	0.01	0.04	0.01	0.01	0.22	-0.11	0.01	0.01	0.02	0.09	-0.03
Changes in Operating Assets and Liabilities, net	-0.90	-0.18	1.13	-3.97	0.34	0.69	0.50	-0.74	1.71	-1.99	0.83
Net Cash From Investing Activities	4.35	-11	-2.12	0.15	-0.54	4.99	-2.17	7.30	-5.30	-0.21	3.27
Net Cash From Continuing Investing Activities	4.35	-11	-2.12	0.15	-0.54	4.99	-2.17	7.30	-5.30	-0.21	3.27
Purchase of Property, Plant & Equipment	-0.02	-	-0.88	-0.03	-0.00	-0.01	-	-	-0.92	-0.21	-0.04
Purchase of Investments	-4.98	-20	-1.24	-1.82	-3.94	-	-2.17	-	-6.58	-	-4.70
Sale and/or Maturity of Investments	9.25	9.50	-	2.00	3.40	5.00	-	7.30	2.20	-	8.01
Net Cash From Financing Activities	-4.83	-4.83	-4.83	-4.85	-4.71	-4.83	-4.83	-4.83	-4.83	-4.83	-4.72
Net Cash From Continuing Financing Activities	-4.83	-4.83	-4.83	-4.85	-4.71	-4.83	-4.83	-4.83	-4.83	-4.83	-4.72
Payment of Dividends	-4.83	-4.83	-4.83	-4.83	-4.83	-4.83	-4.83	-4.83	-4.83	-4.83	-4.84
Other Financing Activities, net	0.00	-	-	-	0.12	-	-	-	0.00	-0.00	0.11
Cash Income Taxes Paid	1.28	0.01	2.85	0.37	1.20	1.93	0.57	0.85	0.00	1.81	0.97

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

Metric	2022	2023	2024
Period end date	3/31/2022	3/31/2023	3/31/2024
Total Assets	67	69	67
Total Current Assets	42	31	33
Cash & Equivalents	10	1.67	10
Short-Term Investments	21	16	12
Accounts Receivable	4.70	6.52	3.14
Inventories, net	5.09	6.42	7.16
Prepaid Expenses	0.42	0.66	0.69
Plant, Property, & Equipment, net	-1.20	-0.61	-0.90
Plant, Property & Equipment, gross	9.74	10	11
Accumulated Depreciation	11	11	11
Total Noncurrent Assets	28	39	34
Long-Term Investments	24	36	31
Noncurrent Note & Lease Receivables	1.81	1.96	1.96
Noncurrent Deferred & Refundable Income Taxes	0.48	0.57	1.45
Other Noncurrent Operating Assets	1.17	0.43	0.29
Total Liabilities & Shareholders' Equity	67	69	67
Total Liabilities	2.90	2.18	1.21
Total Current Liabilities	2.46	1.83	1.04
Accounts Payable	0.94	0.28	0.13
Accrued Expenses	1.36	1.38	0.73
Other Current Liabilities	0.16	0.18	0.18
Total Noncurrent Liabilities	0.45	0.34	0.18
Other Noncurrent Operating Liabilities	0.45	0.34	0.18
Total Equity & Noncontrolling Interests	65	67	66
Total Preferred & Common Equity	65	67	66
Total Common Equity	65	67	66
Common Stock	19	19	20
Retained Earnings	46	49	47
Accumulated Other Comprehensive Income / (Loss)	-0.32	-1.21	-0.78

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

Metric	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	12/31/2022	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	12/31/2024
Total Assets	68	66	68	68	68	67	66	65
Total Current Assets	26	22	26	25	29	31	34	30
Cash & Equivalents	3.58	2.03	1.44	6.95	4.68	6.01	3.10	5.49
Short-Term Investments	10	10	12	7.22	14	16	20	15
Accounts Receivable	5.86	2.10	5.40	2.92	2.25	2.10	2.95	1.36
Inventories, net	5.79	6.46	6.29	6.97	7.35	7.16	7.42	7.79
Prepaid Expenses	0.60	0.92	0.71	1.06	0.60	0.52	0.53	0.74
Plant, Property, & Equipment, net	0.44	-0.53	-0.68	1.21	-0.83	-0.06	0.07	0.02
Plant, Property & Equipment, gross	11	10	10	12	11	11	12	12
Accumulated Depreciation	11	11	11	11	11	11	12	12
Total Noncurrent Assets	41	44	43	41	39	35	32	34
Long-Term Investments	40	41	40	40	36	32	28	30
Noncurrent Note & Lease Receivables	-	1.93	1.96	-	1.96	1.96	1.96	1.96
Noncurrent Deferred & Refundable Income Taxes	0.89	0.86	0.72	1.40	1.29	1.59	1.52	1.69
Other Noncurrent Operating Assets	0.49	0.46	0.39	0.36	0.32	0.26	0.22	0.95
Total Liabilities & Shareholders' Equity	68	66	68	68	68	67	66	65
Total Liabilities	3.79	2.27	1.57	1.22	1.03	1.83	1.02	1.62
Total Current Liabilities	3.42	1.88	1.27	0.96	0.81	1.69	0.93	0.75
Accounts Payable	0.40	0.47	0.16	0.24	0.17	0.17	0.17	0.15
Accrued Expenses	-	1.25	0.94	0.54	0.46	1.34	0.58	0.51
Other Current Liabilities	0.16	0.16	0.18	0.18	0.18	0.18	0.18	0.08
Total Noncurrent Liabilities	0.37	0.40	0.30	0.26	0.22	0.13	0.09	0.86
Other Noncurrent Operating Liabilities	0.37	0.40	0.30	0.26	0.22	0.13	0.09	0.86
Total Equity & Noncontrolling Interests	64	63	67	66	67	65	65	63
Total Preferred & Common Equity	64	63	67	66	67	65	65	63
Total Common Equity	64	63	67	66	67	65	65	63
Common Stock	19	19	19	20	20	20	20	20
Retained Earnings	46	46	49	48	48	46	45	43
Accumulated Other Comprehensive Income / (Loss)	-1.78	-1.45	-1.45	-1.50	-0.75	-0.75	-0.07	-0.30

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

Metric	2023	2024
Period end date	3/31/2023	3/31/2024
Growth Metrics	-	-
Revenue Growth	41.75%	-22.09%
EBITDA Growth	54.60%	-27.72%
EBIT Growth	57.05%	-27.79%
NOPAT Growth	58.69%	-27.87%
Net Income Growth	56.43%	-24.54%
EPS Growth	56.67%	-24.68%
Operating Cash Flow Growth	52.69%	-4.42%
Free Cash Flow Firm Growth	77.84%	-3.42%
Invested Capital Growth	43.93%	-8.66%
Revenue Q/Q Growth	18.89%	-16.09%
EBITDA Q/Q Growth	22.82%	-20.43%
EBIT Q/Q Growth	23.09%	-20.73%
NOPAT Q/Q Growth	25.10%	-22.39%
Net Income Q/Q Growth	24.16%	-20.51%
EPS Q/Q Growth	24.01%	-20.63%
Operating Cash Flow Q/Q Growth	5.16%	-6.22%
Free Cash Flow Firm Q/Q Growth	14.35%	-7.17%
Invested Capital Q/Q Growth	38.81%	5.62%
Profitability Metrics	-	-
Gross Margin	78.92%	77.28%
EBITDA Margin	67.71%	62.81%
Operating Margin	67.04%	62.14%
EBIT Margin	67.04%	62.14%
Profit (Net Income) Margin	59.33%	57.46%
Tax Burden Percent	83.77%	83.67%
Interest Burden Percent	105.65%	110.52%
Effective Tax Rate	16.23%	16.33%
Return on Invested Capital (ROIC)	184.07%	117.60%
ROIC Less NNEP Spread (ROIC-NNEP)	181.83%	114.53%
Return on Net Nonoperating Assets (RNNOA)	-149.60%	-91.78%
Return on Equity (ROE)	34.48%	25.82%
Cash Return on Invested Capital (CROIC)	148.05%	126.65%
Operating Return on Assets (OROA)	37.51%	27.23%
Return on Assets (ROA)	33.20%	25.18%
Return on Common Equity (ROCE)	34.48%	25.82%
Return on Equity Simple (ROE_SIMPLE)	33.83%	26.12%
Net Operating Profit after Tax (NOPAT)	21	15
NOPAT Margin	56.15%	51.99%
Net Nonoperating Expense Percent (NNEP)	2.24%	3.07%
Cost of Revenue to Revenue	21.08%	22.76%
SG&A Expenses to Revenue	5.13%	5.94%
R&D to Revenue	6.75%	9.16%
Operating Expenses to Revenue	11.89%	15.11%
Earnings before Interest and Taxes (EBIT)	26	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	19
Valuation Ratios	-	-
Price to Book Value (P/BV)	5.54	6.48
Price to Tangible Book Value (P/TBV)	5.54	6.48
Price to Revenue (P/Rev)	9.71	14.27
Price to Earnings (P/E)	16.37	24.83
Dividend Yield	5.20%	4.55%
Earnings Yield	6.11%	4.03%
Enterprise Value to Invested Capital (EV/IC)	23.11	29.59
Enterprise Value to Revenue (EV/Rev)	8.32	12.49
Enterprise Value to EBITDA (EV/EBITDA)	12.29	19.88
Enterprise Value to EBIT (EV/EBIT)	12.41	20.10
Enterprise Value to NOPAT (EV/NOPAT)	14.82	24.02
Enterprise Value to Operating Cash Flow (EV/OCF)	16.67	20.40
Enterprise Value to Free Cash Flow (EV/FCFF)	18.42	22.31
Leverage & Solvency	-	-
Debt to Equity	0.00	0.00
Long-Term Debt to Equity	0.00	0.00
Financial Leverage	-0.82	-0.80
Leverage Ratio	1.04	1.03
Compound Leverage Factor	1.10	1.13
Debt to Total Capital	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%
Debt to EBITDA	0.00	0.00
Net Debt to EBITDA	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00
Debt to NOPAT	0.00	0.00
Net Debt to NOPAT	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00
Altman Z-Score	105.73	213.50
Noncontrolling Interest Sharing Ratio	0.00%	0.00%
Liquidity Ratios	-	-
Current Ratio	16.80	32.05
Quick Ratio	12.93	24.47
Cash Flow Metrics	-	-
Free Cash Flow to Firm (FCFF)	17	17
Operating Cash Flow to CapEx	2,040.15%	109,063.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00
Efficiency Ratios	-	-
Asset Turnover	0.56	0.44
Accounts Receivable Turnover	6.81	6.17
Inventory Turnover	1.40	1.00
Fixed Asset Turnover	0.00	0.00
Accounts Payable Turnover	13.16	33.17
Days Sales Outstanding (DSO)	53.57	59.20
Days Inventory Outstanding (DIO)	260.44	365.31
Days Payable Outstanding (DPO)	27.73	11.00
Cash Conversion Cycle (CCC)	286.28	413.51
Capital & Investment Metrics	-	-
Invested Capital	14	13
Invested Capital Turnover	3.28	2.26
Increase / (Decrease) in Invested Capital	4.20	-1.19
Enterprise Value (EV)	318	372
Market Capitalization	372	425
Book Value per Share	$13.89	$13.57
Tangible Book Value per Share	$13.89	$13.57
Total Capital	67	66
Total Debt	0.00	0.00
Total Long-Term Debt	0.00	0.00
Net Debt	-53	-53
Capital Expenditures (CapEx)	0.94	0.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	9.96
Debt-free Net Working Capital (DFNWC)	29	32
Net Working Capital (NWC)	29	32
Net Nonoperating Expense (NNE)	-1.21	-1.63
Net Nonoperating Obligations (NNO)	-53	-53
Total Depreciation and Amortization (D&A)	0.26	0.20
Debt-free, Cash-free Net Working Capital to Revenue	30.77%	33.41%
Debt-free Net Working Capital to Revenue	75.69%	107.90%
Net Working Capital to Revenue	75.69%	107.90%
Earnings Adjustments	-	-
Adjusted Basic Earnings per Share	$4.70	$3.54
Adjusted Weighted Average Basic Shares Outstanding	4.83M	4.83M
Adjusted Diluted Earnings per Share	$4.70	$3.54
Adjusted Weighted Average Diluted Shares Outstanding	4.83M	4.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	4.83M	4.83M
Normalized Net Operating Profit after Tax (NOPAT)	21	15
Normalized NOPAT Margin	56.15%	51.99%
Pre Tax Income Margin	70.82%	68.67%
Debt Service Ratios	-	-
EBIT to Interest Expense	0.00	0.00
NOPAT to Interest Expense	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00
Payout Ratios	-	-
Dividend Payout Ratio	85.15%	112.89%
Augmented Payout Ratio	85.24%	112.89%

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

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	6/30/2022	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.56%	57.07%	17.66%	90.45%	20.38%	-33.44%	-8.72%	-44.65%	-23.19%	-5.25%	-25.06%
EBITDA Growth	12.94%	70.44%	17.54%	114.22%	13.10%	-35.80%	-6.92%	-52.74%	-18.73%	-5.73%	-31.48%
EBIT Growth	14.66%	76.35%	19.37%	117.47%	13.94%	-35.93%	-7.23%	-54.40%	-18.24%	-4.84%	-30.75%
NOPAT Growth	16.80%	70.74%	20.53%	121.53%	4.28%	-26.78%	-3.40%	-56.95%	-9.56%	-14.36%	-32.94%
Net Income Growth	15.66%	67.02%	22.10%	115.74%	6.37%	-22.44%	-1.11%	-53.68%	-6.95%	-14.76%	-27.15%
EPS Growth	16.22%	68.00%	22.22%	115.19%	5.81%	-22.22%	-1.14%	-54.12%	-6.59%	-15.31%	-27.59%
Operating Cash Flow Growth	0.93%	92.52%	104.45%	27.52%	50.86%	-10.97%	-12.37%	-27.87%	16.46%	-60.20%	-18.77%
Free Cash Flow Firm Growth	4,559.83%	-10.84%	-28.81%	1,470.20%	-166.51%	-22.57%	-3.27%	24.88%	156.87%	44.82%	-12.27%
Invested Capital Growth	0.00%	49.61%	26.22%	43.93%	0.00%	23.30%	20.05%	-8.66%	-11.46%	7.53%	8.11%
Revenue Q/Q Growth	9.18%	46.09%	-30.94%	72.90%	-30.99%	-19.23%	-5.29%	4.84%	-4.24%	-0.36%	-25.09%
EBITDA Q/Q Growth	15.34%	51.71%	-33.41%	83.84%	-39.10%	-13.88%	-3.46%	-6.65%	4.72%	-0.10%	-29.84%
EBIT Q/Q Growth	15.06%	53.02%	-33.15%	84.76%	-39.71%	-13.95%	-3.21%	-9.19%	8.09%	0.15%	-29.57%
NOPAT Q/Q Growth	9.91%	48.70%	-32.80%	101.71%	-48.26%	4.41%	-11.34%	-10.11%	8.69%	-1.13%	-30.57%
Net Income Q/Q Growth	8.49%	47.11%	-30.52%	94.56%	-46.51%	7.26%	-11.41%	-8.88%	7.46%	-1.74%	-24.28%
EPS Q/Q Growth	8.86%	46.51%	-30.16%	93.18%	-46.47%	7.69%	-11.22%	-10.34%	8.97%	-2.35%	-24.10%
Operating Cash Flow Q/Q Growth	-2.18%	80.72%	-10.34%	-19.55%	15.72%	6.65%	-11.74%	-33.78%	86.84%	-63.55%	80.13%
Free Cash Flow Firm Q/Q Growth	5,233.07%	-82.57%	-23.12%	99.23%	-349.15%	120.29%	-3.96%	157.21%	13.46%	-48.33%	-41.82%
Invested Capital Q/Q Growth	-100.00%	0.00%	-3.59%	38.81%	-4.06%	-3.97%	-6.13%	5.62%	-7.00%	16.63%	-5.63%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.48%	77.58%	80.03%	80.24%	76.45%	77.57%	79.94%	75.46%	85.62%	85.98%	84.25%
EBITDA Margin	65.41%	67.93%	65.50%	69.65%	61.46%	65.53%	66.79%	59.47%	65.03%	65.20%	61.07%
Operating Margin	64.22%	67.27%	65.11%	69.58%	60.79%	64.76%	66.18%	57.32%	64.70%	65.04%	58.48%
EBIT Margin	64.22%	67.27%	65.11%	69.58%	60.79%	64.76%	66.18%	57.32%	64.70%	65.04%	61.15%
Profit (Net Income) Margin	56.43%	56.82%	57.17%	64.33%	49.86%	66.22%	61.93%	53.83%	60.41%	59.57%	60.21%
Tax Burden Percent	82.90%	80.55%	80.98%	88.41%	75.86%	92.05%	84.32%	83.46%	83.92%	82.84%	85.38%
Interest Burden Percent	106.01%	104.87%	108.43%	104.58%	108.13%	111.09%	111.00%	112.52%	111.25%	110.57%	115.32%
Effective Tax Rate	17.10%	19.45%	19.02%	11.59%	24.14%	7.95%	15.68%	16.54%	16.08%	17.16%	14.62%
Return on Invested Capital (ROIC)	0.00%	196.08%	190.82%	201.63%	277.46%	187.64%	181.57%	108.22%	121.00%	112.05%	103.51%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	195.59%	190.23%	200.96%	276.22%	186.76%	180.80%	107.42%	120.22%	111.32%	102.52%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-170.14%	-164.20%	-165.33%	-221.37%	-153.80%	-150.45%	-86.08%	-97.43%	-89.00%	-82.91%
Return on Equity (ROE)	0.00%	25.94%	26.62%	36.30%	56.08%	33.84%	31.11%	22.14%	23.56%	23.05%	20.60%
Cash Return on Invested Capital (CROIC)	0.00%	152.54%	169.96%	148.05%	127.56%	154.06%	164.69%	126.65%	133.33%	102.75%	99.09%
Operating Return on Assets (OROA)	0.00%	30.39%	31.32%	38.93%	35.47%	34.64%	35.25%	25.12%	26.64%	26.66%	23.76%
Return on Assets (ROA)	0.00%	25.67%	27.50%	36.00%	29.10%	35.42%	32.99%	23.59%	24.87%	24.42%	23.40%
Return on Common Equity (ROCE)	0.00%	25.94%	26.62%	36.30%	56.08%	33.84%	31.11%	22.14%	23.56%	23.05%	20.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	27.48%	28.80%	0.00%	34.50%	32.47%	32.35%	0.00%	25.92%	24.86%	23.80%
Net Operating Profit after Tax (NOPAT)	3.91	5.81	3.90	7.87	4.07	4.25	3.77	3.39	3.68	3.64	2.53
NOPAT Margin	53.23%	54.18%	52.72%	61.51%	46.11%	59.61%	55.80%	47.84%	54.30%	53.88%	49.93%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.49%	0.59%	0.67%	1.24%	0.88%	0.77%	0.80%	0.78%	0.73%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	5.66%	-	-	-	4.01%
Cost of Revenue to Revenue	22.52%	22.42%	19.97%	19.76%	23.55%	22.43%	20.06%	24.67%	14.38%	14.02%	15.75%
SG&A Expenses to Revenue	5.06%	4.06%	5.45%	5.88%	5.38%	6.08%	5.76%	6.69%	7.97%	8.41%	8.59%
R&D to Revenue	8.20%	6.25%	9.47%	4.78%	7.88%	9.58%	8.01%	11.45%	12.95%	12.54%	17.18%
Operating Expenses to Revenue	13.27%	10.32%	14.92%	10.66%	15.67%	12.81%	13.77%	18.01%	20.92%	20.95%	25.76%
Earnings before Interest and Taxes (EBIT)	4.71	7.21	4.82	8.90	5.37	4.62	4.47	4.06	4.39	4.40	3.10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.80	7.28	4.85	8.91	5.43	4.67	4.51	4.21	4.41	4.41	3.09
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	3.18	4.50	5.54	6.63	5.67	5.41	6.48	5.50	5.95	6.25
Price to Tangible Book Value (P/TBV)	0.00	3.18	4.50	5.54	6.63	5.67	5.41	6.48	5.50	5.95	6.25
Price to Revenue (P/Rev)	7.32	6.53	8.88	9.71	11.10	10.42	10.15	14.27	12.85	14.10	15.32
Price to Earnings (P/E)	13.20	11.58	15.64	16.37	19.22	17.45	16.73	24.83	21.21	23.95	26.27
Dividend Yield	9.71%	9.53%	6.76%	5.20%	4.38%	5.13%	5.36%	4.55%	5.42%	5.01%	4.91%
Earnings Yield	7.57%	8.64%	6.39%	6.11%	5.20%	5.73%	5.98%	4.03%	4.71%	4.18%	3.81%
Enterprise Value to Invested Capital (EV/IC)	0.00	14.51	23.42	23.11	29.36	25.46	25.67	29.59	25.95	24.54	26.68
Enterprise Value to Revenue (EV/Rev)	0.00	4.81	7.22	8.32	9.76	8.93	8.61	12.49	10.94	12.23	13.37
Enterprise Value to EBITDA (EV/EBITDA)	0.00	7.33	11.02	12.29	14.64	13.51	12.95	19.88	17.15	19.20	21.63
Enterprise Value to EBIT (EV/EBIT)	0.00	7.45	11.15	12.41	14.75	13.62	13.08	20.10	17.31	19.34	21.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.05	13.53	14.82	17.93	16.07	15.31	24.02	20.12	23.12	25.94
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	9.70	12.80	16.67	18.66	16.05	15.71	20.40	15.92	21.13	22.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.41	15.37	18.42	46.03	18.25	17.01	22.31	18.28	24.75	27.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-0.87	-0.86	-0.82	-0.80	-0.82	-0.83	-0.80	-0.81	-0.80	-0.81
Leverage Ratio	0.00	1.04	1.03	1.04	1.02	1.04	1.03	1.03	1.03	1.02	1.02
Compound Leverage Factor	0.00	1.09	1.12	1.09	1.11	1.15	1.14	1.15	1.14	1.12	1.18
Debt 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%
Short-Term Debt 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%
Long-Term Debt 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%
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	0.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	34.25	77.45	104.93	170.54	187.22	212.50	212.78	119.39	229.26	148.19
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	0.00	7.65	11.64	16.80	20.46	26.14	36.08	32.05	18.58	36.32	40.30
Quick Ratio	0.00	5.78	7.70	12.93	14.95	17.78	26.27	24.47	14.04	27.79	28.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	14	2.40	1.84	3.67	-9.14	1.85	1.78	4.58	5.20	2.69	1.56
Operating Cash Flow to CapEx	13,596.50%	0.00%	611.21%	15,410.72%	121,648.56%	42,535.84%	0.00%	0.00%	638.47%	1,021.63%	10,286.90%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.45	0.48	0.56	0.58	0.53	0.53	0.44	0.41	0.41	0.39
Accounts Receivable Turnover	0.00	7.11	12.53	6.81	7.36	8.24	16.36	6.17	7.40	9.33	14.27
Inventory Turnover	0.00	1.43	1.31	1.40	1.35	1.20	1.10	1.00	0.84	0.70	0.59
Fixed Asset Turnover	0.00	85.92	0.00	0.00	0.00	43.93	0.00	0.00	0.00	43.03	0.00
Accounts Payable Turnover	0.00	17.28	24.38	13.16	53.34	23.89	23.58	33.17	34.06	24.26	27.46
Days Sales Outstanding (DSO)	0.00	51.33	29.13	53.57	49.56	44.29	22.32	59.20	49.29	39.11	25.58
Days Inventory Outstanding (DIO)	0.00	254.77	278.40	260.44	270.51	303.00	333.18	365.31	432.53	522.42	618.32
Days Payable Outstanding (DPO)	0.00	21.12	14.97	27.73	6.84	15.28	15.48	11.00	10.72	15.05	13.29
Cash Conversion Cycle (CCC)	0.00	284.98	292.56	286.28	313.23	332.01	340.02	413.51	471.11	546.49	630.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	10	9.92	14	13	13	12	13	12	14	13
Invested Capital Turnover	0.00	3.62	3.62	3.28	6.02	3.15	3.25	2.26	2.23	2.08	2.07
Increase / (Decrease) in Invested Capital	-9.84	3.41	2.06	4.20	13	2.40	1.99	-1.19	-1.51	0.96	0.97
Enterprise Value (EV)	0.00	149	232	318	388	323	306	372	304	335	344
Market Capitalization	199	203	286	372	441	377	360	425	357	386	394
Book Value per Share	$0.00	$13.19	$13.14	$13.89	$13.78	$13.76	$13.78	$13.57	$13.42	$13.42	$13.03
Tangible Book Value per Share	$0.00	$13.19	$13.14	$13.89	$13.78	$13.76	$13.78	$13.57	$13.42	$13.42	$13.03
Total Capital	0.00	64	63	67	67	66	67	66	65	65	63
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-53	-54	-53	-53	-54	-55	-53	-53	-51	-50
Capital Expenditures (CapEx)	0.02	0.00	0.88	0.03	0.00	0.01	0.00	0.00	0.92	0.21	0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	8.84	7.60	12	11	9.99	9.38	9.96	8.09	9.97	9.13
Debt-free Net Working Capital (DFNWC)	0.00	23	20	29	25	24	28	32	30	33	30
Net Working Capital (NWC)	0.00	23	20	29	25	24	28	32	30	33	30
Net Nonoperating Expense (NNE)	-0.23	-0.28	-0.33	-0.36	-0.33	-0.47	-0.41	-0.42	-0.41	-0.38	-0.52
Net Nonoperating Obligations (NNO)	0.00	-53	-54	-53	-53	-54	-55	-53	-53	-51	-50
Total Depreciation and Amortization (D&A)	0.09	0.07	0.03	0.01	0.06	0.06	0.04	0.15	0.02	0.01	-0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	28.45%	23.63%	30.77%	27.99%	27.62%	26.42%	33.41%	29.14%	36.42%	35.53%
Debt-free Net Working Capital to Revenue	0.00%	73.23%	62.07%	75.69%	62.24%	66.82%	79.97%	107.90%	107.23%	120.17%	114.92%
Net Working Capital to Revenue	0.00%	73.23%	62.07%	75.69%	62.24%	66.82%	79.97%	107.90%	107.23%	120.17%	114.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.26	$0.88	$1.70	$0.91	$0.98	$0.87	$0.78	$0.85	$0.83	$0.63
Adjusted Weighted Average Basic Shares Outstanding	0.00	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.84M
Adjusted Diluted Earnings per Share	$0.00	$1.26	$0.88	$1.70	$0.91	$0.98	$0.87	$0.78	$0.85	$0.83	$0.63
Adjusted Weighted Average Diluted Shares Outstanding	0.00	4.83M	4.83M	4.83M	4.84M	4.84M	4.84M	4.84M	4.84M	4.84M	4.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.83M	4.84M
Normalized Net Operating Profit after Tax (NOPAT)	3.91	5.81	3.90	7.87	4.07	4.25	3.77	3.39	3.68	3.64	2.53
Normalized NOPAT Margin	53.23%	54.18%	52.72%	61.51%	46.11%	59.61%	55.80%	47.84%	54.30%	53.88%	49.93%
Pre Tax Income Margin	68.08%	70.54%	70.60%	72.77%	65.73%	71.94%	73.45%	64.50%	71.98%	71.91%	70.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	128.31%	110.37%	105.74%	85.15%	84.17%	89.51%	89.71%	112.89%	114.96%	119.93%	129.04%
Augmented Payout Ratio	128.31%	110.37%	105.74%	85.24%	84.17%	89.51%	89.71%	112.89%	114.96%	119.93%	129.04%

Financials Breakdown Chart

Key Financial Trends

NVE Corp (NASDAQ: NVEC) has demonstrated solid financial performance over the last four years, with key trends and highlights observed across its quarterly income statements, cash flow statements, and balance sheets.

Revenue Growth and Stability: Operating revenues have generally remained strong, peaking at over $12.8 million in Q4 2023 and stabilizing around $5 million to $7 million in recent quarters. This indicates sustained demand for NVE's products and services.
Consistent Profitability: Net income has been consistently positive, with quarterly net income ranging from approximately $3 million to over $8.2 million in Q4 2023. Earnings per share have remained solid, with diluted EPS near $0.63 to $1.7 across quarters.
Robust Operating Margins: Gross profit margins remain high, often above 70%, reflecting efficient cost control relative to revenue. Operating costs are moderate in comparison to revenues.
Strong Operating Cash Flow: Operating cash flow is healthy, frequently exceeding net income, reaching above $5 million in multiple quarters. This demonstrates effective cash generation from core operations.
Substantial Investment Activity: NVE has shown active investing, with frequent purchases and sales of investments. While purchases sometimes exceed sales, the company manages its investment portfolio actively.
Dividend Consistency: The company consistently pays a $1.00 dividend per share each quarter, indicating a commitment to shareholder returns.
Low Leverage and Strong Equity Position: Total liabilities remain low relative to equity, maintaining a strong balance sheet. The company holds a significant equity base above $60 million quarterly.
Fluctuations in R&D and SG&A: Research & Development and Selling, General & Administrative expenses show some quarter-to-quarter variability but do not significantly impact margins negatively.
Short-Term Investments Variability: Short-term investments fluctuate notably, reflecting active portfolio management or cash flow timing considerations.
Decreasing Cash and Equivalents Some Quarters: Despite strong cash flow from operations, there are quarters with declines in cash balances, largely explained by significant financing cash outflows related to dividend payments.

Summary: NVE Corp has maintained a strong financial footing with consistent revenues, profitability, and cash flow generation. Its prudent balance sheet management and shareholder dividend payments are positives. Investors should watch for any shifts in cash flow dynamics due to investing and financing activities, especially as the company actively manages its investments and returns capital to shareholders.

10/07/25 02:29 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About NVE's Financials

When does NVE's fiscal year end?

According to the most recent income statement we have on file, NVE's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has NVE's net income changed over the last 2 years?

NVE's net income appears to be on an upward trend, with a most recent value of $17.12 million in 2024, rising from $14.51 million in 2022. The previous period was $22.69 million in 2023. Find out what analysts predict for NVE in the coming months.

What is NVE's operating income?

NVE's total operating income in 2024 was $18.52 million, based on the following breakdown:

Total Gross Profit: $23.03 million
Total Operating Expenses: $4.50 million

How has NVE's revenue changed over the last 2 years?

Over the last 2 years, NVE's total revenue changed from $26.99 million in 2022 to $29.80 million in 2024, a change of 10.4%.

How much debt does NVE have?

NVE's total liabilities were at $1.21 million at the end of 2024, a 44.3% decrease from 2023, and a 58.3% decrease since 2022.

How much cash does NVE have?

In the past 2 years, NVE's cash and equivalents has ranged from $1.67 million in 2023 to $10.45 million in 2022, and is currently $10.28 million as of their latest financial filing in 2024.

How has NVE's book value per share changed over the last 1 years?

Over the last 1 years, NVE's book value per share changed from 13.89 in 2023 to 13.57 in 2024, a change of -2.3%.

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This page (NASDAQ:NVEC) was last updated on 10/7/2025 by MarketBeat.com Staff

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NVE (NVEC) Financials

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