FirmAtlas
Company handbook · NVDA · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
NVDA · CIK 1045810 · LATEST FILING: 10-Q JUL '26 · FILED AUG 26, 2026
NVIDIA CORP
$214.13
−3.10 (−1.43%)
Close, Oct 16, 2026 · 52-week $164–243
NVIDIA designs chips, without its own factories, for AI and data centers: GPU accelerators, complete AI systems and networking gear, with its CUDA software. It also sells GeForce gaming GPUs, workstation graphics, and chips for cars and robots.
Business
- SegmentsCompute And Networking 90% · Graphics 10% (FY25)
- ProductsCompute 75% · Networking 15% · Gaming 7% · Professional Visualization 1% · Automotive 1% · OE Mand IP 0% (FY25)
- RegionsUS 59% · China Including Hong Kong 19% · Taiwan 18% · Other 3% (FY25)
- CustomersCloud companies, server makers, AI companies and businesses; PC and graphics card makers and gamers; sold to computer makers, system builders and distributors
- Cash useFY24–FY25: buybacks $73.8B · capex $9.3B · acquisitions $2.5B · dividends $1.8B
Reinvested 7% of operating cash flow · returned 48% of free cash flow
Last fiscal year
NVIDIA CORP reported revenue of $215.9B for the year ended Jan 25, 2026 (FY25), up 65.5% from FY24. Net income was $120.1B, operating cash flow $102.7B and free cash flow $96.7B. Source: 10-K filed Feb 25, 2026.
Market cap
$5.20T
P/E
27.0
EV/EBITDA
38.7x
P/B
22.7
Div yield
0.24%
ROIC
148.8%
Revenue 1Y
65.5%/yr
EPS 1Y
66.7%/yr
Shares 1Y
−0.7%
Loading chart…
Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJensen Huang
HQSanta Clara, CA
AuditorPricewaterhouseCoopers LLP
Employees42,000
Year endsJanuary
Revenue by segment · FY25
Compute And Networking90%
Graphics10%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
62.7%
57.8%
66.9%
17.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$87.4B deployed
Capex
$9.3B
10.6%
Acquisitions
$2.5B
2.9%
Dividends
$1.8B
2.1%
Buybacks
$73.8B
84.4%
Operating cash flow over the period: $166.8B. Total debt changed by +$1.0B. R&D of $31.4B is already inside operating costs.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Jan 25, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (10-for-1 split after FY22).
TTM = the last four quarters, to Jul '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
130,497
215,938+65.5%
302,969
YoY
+65.5%
Gross profit
97,858
153,463+56.8%
226,241
Gross margin
75.0%
71.1%−3.9 pp
—
Operating income
81,453
130,387+60.1%
197,579
Operating margin
62.4%
60.4%−2.0 pp
—
EBITDA
83,317
133,230+59.9%
—
EBITDA margin
63.8%
61.7%−2.1 pp
—
Interest expense
247
259+4.9%
—
Interest coverage
337.32x
514.40x+177.09x
—
Net income
72,880
120,067+64.7%
192,879
YoY
+64.7%
Net margin
55.8%
55.6%−0.2 pp
—
EPS (diluted, $)
2.94
4.90+66.7%
7.92
YoY
+66.7%
Balance sheet
Total assets
111,601
206,803+85.3%
320,272
Cash & short-term investments
43,210
62,556+44.8%
—
Accounts receivable
23,065
38,466+66.8%
—
Inventory
10,080
21,403+112.3%
—
Net PP&E
6,283
10,383+65.3%
—
Other assets
28,963
73,995+155.5%
—
Total liabilities
32,274
49,510+53.4%
91,288
Accounts payable
6,310
9,812+55.5%
—
Total debt
8,463
9,467+11.9%
34,366
Other liabilities
17,501
30,231+72.7%
—
Shareholders’ equity
79,327
157,293+98.3%
228,984
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
64,089
102,718+60.3%
134,360
Net income
72,880
120,067+64.7%
—
Depreciation & amortization
1,864
2,843+52.5%
—
Stock-based compensation
4,737
6,386+34.8%
—
Working capital & other
(15,392)
(26,578)n/m
—
Cash from investing
(20,421)
(52,228)n/m
—
Capex
(3,236)
(6,042)n/m
—
Acquisitions
(1,007)
(1,535)n/m
—
Investments bought
(26,575)
(40,616)n/m
—
Investments sold / matured
11,195
11,226+0.3%
—
Other investing
(798)
(15,261)n/m
—
Cash from financing
(42,359)
(48,474)n/m
—
Debt repaid
(1,250)
0n/m
—
Dividends
(834)
(974)n/m
—
Buybacks
(33,706)
(40,086)n/m
—
Other financing
(6,569)
(7,414)n/m
—
Net change in cash
1,309
2,016+54.0%
—
Free cash flow (OCF − capex)
60,853
96,676+58.9%
127,006
Where the cash went
Operating cash flow
64,089
102,718+60.3%
134,360
Reinvested in the business
4,243
7,577+78.6%
—
% of operating cash flow
6.6%
7.4%
Capex
3,236
6,042+86.7%
7,354
Acquisitions
1,007
1,535+52.4%
—
R&D (memo, already in costs)
12,914
18,497+43.2%
—
Free cash flow
60,853
96,676+58.9%
127,006
YoY
+58.9%
Returned to shareholders
34,540
41,060+18.9%
—
% of free cash flow
56.8%
42.5%
Dividends
834
974+16.8%
—
Buybacks
33,706
40,086+18.9%
—
Change in total debt
—
1,004
—
Cash left over
—
55,085
—
FCF conversion (FCF ÷ net income)
83.5%
80.5%−3.0 pp
—
Owner earnings
—
93,646
—
Owner earnings margin
—
43.4%
—
Buyback yield
1.0%
0.9%−0.1 pp
—
Returns & ratios
ROIC (all capital)
158.5%
148.8%−9.7 pp
—
ROIC (operating)
213.3%
236.6%+23.3 pp
—
Net debt / EBITDA
−0.42x
−0.40x+0.02x
—
Debt / equity
0.11x
0.06x−0.05x
—
Cash conversion cycle (days)
107
133+26 d
—
ROE
91.9%
76.3%−15.5 pp
—
ROA
65.3%
58.1%−7.2 pp
—
ROCE
87.1%
74.7%−12.4 pp
—
NOPAT
70,648
110,676+56.7%
—
Invested capital (operating)
33,118
60,440+82.5%
—
Invested capital (all)
44,580
104,204+133.7%
—
Reinvestment rate
—
24.7%
—
Debtor days
65
65+1 d
—
Inventory days
113
125+12 d
—
Days payable
71
57−13 d
—
Income
Oct '25
Jan '26
Apr '26
Jul '26
Revenue
57,006
68,127
81,615
96,221
vs year-ago quarter
Gross profit
41,849
51,093
61,157
72,142
Gross margin
73.4%
75.0%
74.9%
75.0%
Operating income
36,010
44,299
53,536
63,734
Net income
31,910
42,960
58,321
59,688
vs year-ago quarter
Net margin
56.0%
63.1%
71.5%
62.0%
EPS (diluted, $)
1.30
1.77
2.39
2.46
vs year-ago quarter
Balance sheet
Oct '25
Jan '26
Apr '26
Jul '26
Total assets
161,148
206,803
259,474
320,272
Cash & equivalents
11,486
10,605
13,237
22,443
Total debt
9,466
9,467
9,470
34,366
Shareholders’ equity
118,897
157,293
195,474
228,984
Cash flow
Oct '25
Jan '26
Apr '26
Jul '26
Operating cash flow
23,751
36,188
50,344
24,077
Capex
1,636
1,284
1,757
2,677
Free cash flow
22,115
34,904
48,587
21,400
vs year-ago quarter