Return on Equity (ROE)
since 2005
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
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Calculation
NVIDIA Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jan 25, 2026 | = | 100 | × | ÷ | |||
| Jan 26, 2025 | = | 100 | × | ÷ | |||
| Jan 28, 2024 | = | 100 | × | ÷ | |||
| Jan 29, 2023 | = | 100 | × | ÷ | |||
| Jan 30, 2022 | = | 100 | × | ÷ | |||
| Jan 31, 2021 | = | 100 | × | ÷ | |||
| Jan 26, 2020 | = | 100 | × | ÷ | |||
| Jan 27, 2019 | = | 100 | × | ÷ | |||
| Jan 28, 2018 | = | 100 | × | ÷ | |||
| Jan 29, 2017 | = | 100 | × | ÷ | |||
| Jan 31, 2016 | = | 100 | × | ÷ | |||
| Jan 25, 2015 | = | 100 | × | ÷ | |||
| Jan 26, 2014 | = | 100 | × | ÷ | |||
| Jan 27, 2013 | = | 100 | × | ÷ | |||
| Jan 29, 2012 | = | 100 | × | ÷ | |||
| Jan 30, 2011 | = | 100 | × | ÷ | |||
| Jan 31, 2010 | = | 100 | × | ÷ | |||
| Jan 25, 2009 | = | 100 | × | ÷ | |||
| Jan 27, 2008 | = | 100 | × | ÷ | |||
| Jan 28, 2007 | = | 100 | × | ÷ | |||
| Jan 29, 2006 | = | 100 | × | ÷ | |||
| Jan 30, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2026-01-25), 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
The return on equity (ROE) exhibited significant fluctuations over the period examined, demonstrating a generally increasing trend with notable peaks and valleys. Initial values were relatively modest, increasing substantially before experiencing a period of negative returns, and then rising to consistently high levels in recent years.
- Early Growth and Volatility (2005-2009)
- From 2005 to 2008, ROE increased from 8.52% to 30.47%, indicating improving profitability relative to shareholder equity. However, 2009 saw a sharp decline, resulting in a negative ROE of -1.25%, likely due to a net loss during that year. This represents a substantial reversal of the prior trend.
- Recovery and Moderate Growth (2010-2016)
- Following the negative result in 2009, ROE recovered to 7.96% in 2010. Subsequent years through 2016 showed moderate growth, ranging between approximately 9.87% and 28.91%. This period suggests a stabilization of profitability and a gradual improvement in returns to shareholders.
- Accelerated Growth (2017-2023)
- Beginning in 2017, ROE experienced a period of accelerated growth, reaching 40.78% in 2018 and peaking at 69.24% in 2023. This substantial increase correlates with significant growth in net income, outpacing the growth in shareholder equity. The values in 2022 and 2023 are particularly noteworthy, indicating a very efficient use of shareholder investment to generate profits.
- Recent Performance (2024-2026)
- While remaining at a high level, ROE decreased slightly from its peak in 2023, registering 91.87% in 2024, 76.33% in 2025. Despite this decrease, the values remain exceptionally high, suggesting continued strong profitability. The most recent value, 76.33%, indicates a continued strong return for shareholders, though a slight moderation from the previous year’s peak.
Overall, the ROE demonstrates a company that has evolved from moderate returns to a period of exceptionally high profitability. The volatility observed in the earlier years has diminished in recent periods, replaced by consistently strong returns. The substantial increase in ROE in recent years warrants further investigation to understand the drivers of this performance.
Comparison to Competitors
NVIDIA Corp., ROE, 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. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 25, 2026 | |||||||||||
| Jan 26, 2025 | |||||||||||
| Jan 28, 2024 | |||||||||||
| Jan 29, 2023 | |||||||||||
| Jan 30, 2022 | |||||||||||
| Jan 31, 2021 | |||||||||||
| Jan 26, 2020 | |||||||||||
| Jan 27, 2019 | |||||||||||
| Jan 28, 2018 | |||||||||||
| Jan 29, 2017 | |||||||||||
| Jan 31, 2016 | |||||||||||
| Jan 25, 2015 | |||||||||||
| Jan 26, 2014 | |||||||||||
| Jan 27, 2013 | |||||||||||
| Jan 29, 2012 | |||||||||||
| Jan 30, 2011 | |||||||||||
| Jan 31, 2010 | |||||||||||
| Jan 25, 2009 | |||||||||||
| Jan 27, 2008 | |||||||||||
| Jan 28, 2007 | |||||||||||
| Jan 29, 2006 | |||||||||||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 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., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 25, 2026 | ||
| Jan 26, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Jan 26, 2020 | ||
| Jan 27, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Jan 25, 2015 | ||
| Jan 26, 2014 | ||
| Jan 27, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Jan 25, 2009 | ||
| Jan 27, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 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., ROE, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Jan 25, 2026 | ||
| Jan 26, 2025 | ||
| Jan 28, 2024 | ||
| Jan 29, 2023 | ||
| Jan 30, 2022 | ||
| Jan 31, 2021 | ||
| Jan 26, 2020 | ||
| Jan 27, 2019 | ||
| Jan 28, 2018 | ||
| Jan 29, 2017 | ||
| Jan 31, 2016 | ||
| Jan 25, 2015 | ||
| Jan 26, 2014 | ||
| Jan 27, 2013 | ||
| Jan 29, 2012 | ||
| Jan 30, 2011 | ||
| Jan 31, 2010 | ||
| Jan 25, 2009 | ||
| Jan 27, 2008 | ||
| Jan 28, 2007 | ||
| Jan 29, 2006 | ||
| Jan 30, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 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).