Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Nvidia

NVDA stock analysis · Information Technology · Semiconductors

FY 2026-01-25ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$200.09HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$4.8T

Price × SEC outstanding shares. Shares measured 2026-05-15. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$60.68

Equity cash-flow scenario · SEC outstanding shares at 2026-05-15 · -69.7% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

36.4%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

126.8%

12 industry peers · median 91.5×

How this is calculated ↗
Valuation

Historical multiples

110.5×

7 annual observations · snapshot P/E 40.3× · -63.5% versus history

How this is calculated ↗
Valuation

Free cash flow yield

2.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

87.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

37/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

85.3%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

0.8%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

10.9%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

20.6%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 102.7B2021-01-31: cfo $5,822,000,000.0020212022-01-30: cfo $9,108,000,000.002022-01-30: capex $976,000,000.0020222023-01-29: cfo $5,641,000,000.002023-01-29: capex $1,833,000,000.0020232024-01-28: cfo $28,090,000,000.002024-01-28: capex $1,069,000,000.0020242025-01-26: cfo $64,089,000,000.002025-01-26: capex $3,236,000,000.0020252026-01-25: cfo $102,718,000,000.002026-01-25: capex $6,042,000,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$76.11$83.04$90.49
10.0%$55.77$60.68$65.95
12.0%$44.00$47.74$51.76

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-01-25215.9B120.1B102.7B6B206.8B
2025-01-26130.5B72.9B64.1B3.2B111.6B
2024-01-2860.9B29.8B28.1B1.1B65.7B
2023-01-2927B4.4B5.6B1.8B41.2B
2022-01-3026.9B9.8B9.1B976M44.2B
2021-01-3116.7B4.3B5.8B28.8B
2020-01-2610.9B2.8B4.8B17.3B
2019-01-2711.7B4.1B3.7B13.3B
2018-01-289.7B3B3.5B11.2B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue215.9BRevenues2026-02-25
netIncome120.1BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent/common earnings proxy120.1BNetIncomeLoss2026-02-25
cfo102.7BNetCashProvidedByUsedInOperatingActivities2026-02-25
capex6BPaymentsToAcquireProductiveAssets2026-02-25
operatingIncome130.4BOperatingIncomeLoss2026-02-25
assets206.8BAssets2026-02-25
equity157.3BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-25
Parent book equity proxy157.3BStockholdersEquity2026-02-25
debt8.5BLongTermDebt2026-02-25
shortDebtNot reported under a supported tag
cash10.6BCashAndCashEquivalentsAtCarryingValue2026-02-25
shares24.5BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-25
dividends974MPaymentsOfDividends2026-02-25
buybacks40.1BPaymentsForRepurchaseOfCommonStock2026-02-25
issuance644MReviewed manual correction
Reviewed fiscal 2026 consolidated cash-flow financing section, page 55. The common-equity cash inflow is proceeds related to employee stock plans of $644 million, tagged ProceedsFromStockPlans. This is an issuer-and-period-specific cash issuance proxy; employee tax withholding remains a separate excluded outflow. Sales of investment equity securities are not issuer share issuance.
2026-02-25