Return on Assets (ROA)
since 2005
Calculation
NVIDIA Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Jan 26, 2025 | 65.30% | = | 100 | × | 72,880) | ÷ | 111,601) |
| Jan 28, 2024 | 45.28% | = | 100 | × | 29,760) | ÷ | 65,728) |
| Jan 29, 2023 | 10.61% | = | 100 | × | 4,368) | ÷ | 41,182) |
| Jan 30, 2022 | 22.07% | = | 100 | × | 9,752) | ÷ | 44,187) |
| Jan 31, 2021 | 15.05% | = | 100 | × | 4,332) | ÷ | 28,791) |
| Jan 26, 2020 | 16.15% | = | 100 | × | 2,796) | ÷ | 17,315) |
| Jan 27, 2019 | 31.15% | = | 100 | × | 4,141) | ÷ | 13,292) |
| Jan 28, 2018 | 27.11% | = | 100 | × | 3,047) | ÷ | 11,241) |
| Jan 29, 2017 | 16.93% | = | 100 | × | 1,666) | ÷ | 9,841) |
| Jan 31, 2016 | 8.33% | = | 100 | × | 614) | ÷ | 7,370) |
| Jan 25, 2015 | 8.76% | = | 100 | × | 631) | ÷ | 7,201) |
| Jan 26, 2014 | 6.07% | = | 100 | × | 440) | ÷ | 7,251) |
| Jan 27, 2013 | 8.77% | = | 100 | × | 563) | ÷ | 6,412) |
| Jan 29, 2012 | 10.46% | = | 100 | × | 581) | ÷ | 5,553) |
| Jan 30, 2011 | 5.63% | = | 100 | × | 253) | ÷ | 4,495) |
| Jan 31, 2010 | -1.90% | = | 100 | × | (68) | ÷ | 3,586) |
| Jan 25, 2009 | -0.90% | = | 100 | × | (30) | ÷ | 3,351) |
| Jan 27, 2008 | 21.28% | = | 100 | × | 798) | ÷ | 3,748) |
| Jan 28, 2007 | 16.78% | = | 100 | × | 449) | ÷ | 2,675) |
| Jan 29, 2006 | 15.80% | = | 100 | × | 303) | ÷ | 1,915) |
| Jan 30, 2005 | 6.16% | = | 100 | × | 100) | ÷ | 1,629) |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in millions
- Net Income (Loss) Trends
- The net income demonstrates significant volatility over the observed period. Starting at $100 million in 2005, it increased steadily until reaching a peak of $798 million in 2008 before plunging into losses of -$30 million and -$68 million in 2009 and 2010, respectively. After this downturn, a recovery phase is evident, with net income rising consistently to surpass $1.6 billion by 2017 and continuing an upward trajectory, culminating in an exceptional figure of $72.88 billion in 2025. Notably, sharp increases are observed from 2017 onward, indicating a period of robust profitability growth.
- Total Assets Trends
- Total assets show a consistent and pronounced upward trend across the timeframe. Beginning at $1.63 billion in 2005, assets grew steadily year-over-year, with no significant declines, reaching $13.29 billion by 2019. The growth accelerates markedly from 2019 onwards, where assets increased rapidly to $111.6 billion by 2025. This trend reflects substantial asset accumulation, possibly linked to expansion, acquisitions, or increased capital investments.
- Return on Assets (ROA) Analysis
- ROA exhibits considerable fluctuations but follows an overall increasing trend. Initial ROA in 2005 is 6.16%, rising sharply to over 21% in 2008 before declining into negative territory (-0.9% and -1.9%) during 2009 and 2010, respectively. Post-2010, ROA improves steadily, reaching a peak of 31.15% in 2019. After a brief decline around 2019–2021, ROA again surges dramatically to 65.3% in 2025. This signifies enhanced efficiency in asset utilization over time, particularly pronounced in the latest years.
- Overall Financial Patterns
- The financial data reveals an initial phase marked by stable growth until 2008, followed by a temporary downturn during 2009–2010, likely reflecting challenging market or operational conditions. Subsequently, there is a strong recovery and sustained growth period, with significant increases in net income, total assets, and ROA from approximately 2011 onward. The rapid expansion of total assets correlates with the substantial increases in profitability and asset returns, suggesting strategic growth initiatives and improved operational performance in the more recent years.
Comparison to Competitors
NVIDIA Corp., ROA, long-term trends, comparison to competitors
| NVIDIA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Monolithic Power Systems Inc. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 26, 2025 | 65.30% | — | — | — | — | — | — | — | — | — | — | — |
| Jan 28, 2024 | 45.28% | 2.37% | 3.39% | 20.86% | 3.56% | -9.55% | 17.90% | 20.42% | 1.12% | 49.40% | 18.39% | 13.51% |
| Jan 29, 2023 | 10.61% | 1.26% | 6.79% | 22.31% | 19.33% | 0.88% | 24.07% | 24.02% | -9.08% | 17.56% | 14.17% | 20.12% |
| Jan 30, 2022 | 22.07% | 1.95% | 5.46% | 24.41% | 15.69% | 4.40% | 26.37% | 26.78% | 13.11% | 21.26% | 26.39% | 32.16% |
| Jan 31, 2021 | 15.05% | 25.46% | 2.66% | 22.80% | 8.91% | 11.80% | 20.23% | 24.59% | 9.96% | 15.26% | 21.93% | 31.48% |
| Jan 26, 2020 | 16.15% | 27.78% | 5.69% | 16.19% | 3.90% | 13.65% | 13.11% | 15.47% | 5.01% | 13.60% | 14.60% | 28.91% |
| Jan 27, 2019 | 31.15% | 5.66% | 6.37% | 14.22% | 4.04% | 15.42% | 13.05% | 18.26% | 12.91% | 11.38% | 13.31% | 27.84% |
| Jan 28, 2018 | 27.11% | 7.40% | 7.31% | 18.64% | 24.46% | 16.45% | 14.28% | 19.08% | 32.59% | 13.27% | -14.88% | 32.56% |
| Jan 29, 2017 | 16.93% | 1.21% | 3.44% | 17.68% | 3.11% | 7.79% | 16.74% | 14.00% | 14.40% | 9.99% | 3.77% | 20.87% |
| Jan 31, 2016 | 8.33% | -14.97% | 10.81% | 11.80% | -3.48% | 9.10% | 14.20% | 7.45% | -1.00% | 10.31% | 10.90% | 21.88% |
| Jan 25, 2015 | 8.76% | -21.23% | 9.87% | 9.00% | 12.88% | 11.08% | 7.59% | 7.00% | 12.01% | 8.16% | 10.38% | 18.40% |
| Jan 26, 2014 | 6.07% | -10.70% | 9.17% | 8.14% | 2.51% | 12.73% | 10.52% | 7.91% | 13.53% | 8.89% | 16.40% | 15.92% |
| Jan 27, 2013 | 8.77% | -1.91% | 10.55% | 2.13% | 16.16% | 10.42% | 10.27% | 1.57% | 6.22% | 6.21% | 15.06% | 11.42% |
| Jan 29, 2012 | 10.46% | -29.58% | 11.59% | 0.90% | 19.67% | 13.05% | 14.82% | 2.11% | -7.20% | 5.49% | 14.20% | 8.79% |
| Jan 30, 2011 | 5.63% | 9.91% | 16.44% | 13.90% | 22.57% | 18.20% | 16.99% | 17.84% | 1.13% | 4.86% | 11.70% | 10.91% |
| Jan 31, 2010 | -1.90% | 9.49% | 16.45% | 8.57% | 19.24% | 18.14% | 5.43% | 13.94% | 12.59% | 10.50% | 10.62% | 24.09% |
| Jan 25, 2009 | -0.90% | 3.35% | 7.28% | -3.19% | -2.23% | 8.23% | -14.50% | -15.48% | -16.02% | 8.14% | 5.80% | 12.13% |
| Jan 27, 2008 | 21.28% | -40.36% | 25.44% | 8.73% | — | 10.43% | 7.41% | 15.65% | -12.06% | 12.40% | 12.86% | 16.10% |
| Jan 28, 2007 | 16.78% | -29.26% | 16.72% | 16.05% | — | 12.54% | 11.42% | 32.63% | -2.16% | 6.71% | 17.86% | 20.98% |
| Jan 29, 2006 | 15.80% | -1.26% | 13.78% | 16.00% | — | 10.43% | 8.31% | 14.51% | 3.34% | -2.44% | 16.24% | 31.16% |
| Jan 30, 2005 | 6.16% | 2.27% | 9.05% | 10.74% | — | 17.93% | 11.71% | 20.66% | 2.35% | 5.07% | 17.17% | 15.43% |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NVIDIA Corp., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 26, 2025 | 65.30% | — |
| Jan 28, 2024 | 45.28% | 6.62% |
| Jan 29, 2023 | 10.61% | 7.45% |
| Jan 30, 2022 | 22.07% | 12.71% |
| Jan 31, 2021 | 15.05% | 13.62% |
| Jan 26, 2020 | 16.15% | 11.81% |
| Jan 27, 2019 | 31.15% | 13.36% |
| Jan 28, 2018 | 27.11% | 17.33% |
| Jan 29, 2017 | 16.93% | 8.44% |
| Jan 31, 2016 | 8.33% | 7.07% |
| Jan 25, 2015 | 8.76% | 10.73% |
| Jan 26, 2014 | 6.07% | 12.19% |
| Jan 27, 2013 | 8.77% | 10.15% |
| Jan 29, 2012 | 10.46% | 9.50% |
| Jan 30, 2011 | 5.63% | 13.80% |
| Jan 31, 2010 | -1.90% | 14.79% |
| Jan 25, 2009 | -0.90% | 3.61% |
| Jan 27, 2008 | 21.28% | 6.73% |
| Jan 28, 2007 | 16.78% | 9.62% |
| Jan 29, 2006 | 15.80% | 12.12% |
| Jan 30, 2005 | 6.16% | 14.00% |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Information Technology)
NVIDIA Corp., ROA, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Jan 26, 2025 | 65.30% | — |
| Jan 28, 2024 | 45.28% | 11.99% |
| Jan 29, 2023 | 10.61% | 12.51% |
| Jan 30, 2022 | 22.07% | 14.57% |
| Jan 31, 2021 | 15.05% | 14.66% |
| Jan 26, 2020 | 16.15% | 11.45% |
| Jan 27, 2019 | 31.15% | 11.78% |
| Jan 28, 2018 | 27.11% | 10.94% |
| Jan 29, 2017 | 16.93% | 9.05% |
| Jan 31, 2016 | 8.33% | 9.79% |
| Jan 25, 2015 | 8.76% | 11.53% |
| Jan 26, 2014 | 6.07% | 12.37% |
| Jan 27, 2013 | 8.77% | 13.26% |
| Jan 29, 2012 | 10.46% | 14.08% |
| Jan 30, 2011 | 5.63% | 15.11% |
| Jan 31, 2010 | -1.90% | 14.51% |
| Jan 25, 2009 | -0.90% | 10.09% |
| Jan 27, 2008 | 21.28% | 12.00% |
| Jan 28, 2007 | 16.78% | 12.04% |
| Jan 29, 2006 | 15.80% | 12.22% |
| Jan 30, 2005 | 6.16% | 12.76% |
Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).