NVIDIA Corp. (NASDAQ:NVDA)

The financial data exhibits notable trends and fluctuations across gross profit margin, operating profit margin, net profit margin, return on equity (ROE), and return on assets (ROA) over multiple quarters.

Gross Profit Margin

The gross profit margin remained relatively stable in the early periods, fluctuating slightly around the low to mid-60% range. However, there was a significant dip around mid-2022, reaching below 57%, indicating increased cost pressures or reduced pricing power during that time. Subsequently, the margin improved markedly, climbing steadily to peaks exceeding 75% in early 2024, suggesting enhanced operational efficiencies or favorable product mix changes. The margin settles slightly lower but remains robust around 70% in the latest quarters.

Operating Profit Margin

Operating profit margin exhibited a similar pattern to the gross margin. It started in the high 20% range, gradually increasing through mid-2021. This was followed by a decline in late 2022 and early 2023, bottoming near 15-17%, likely reflecting either increased operating expenses or temporary operational challenges. From mid-2023 onward, there was a strong recovery with operating margin rising sharply to levels above 60%. Although there is some variability near the most recent periods, the margins remain substantially higher than earlier years, signifying improved operational leverage and cost management.

Net Profit Margin

The net profit margin showed a consistent upward trajectory from about 25% in early 2020 to above 55% in the periods around 2024. Similar to other margins, there was a downturn around 2022 to early 2023, dipping to approximately 16-20%, indicating potential one-off charges, increased interest costs, or higher tax burdens. The subsequent recovery was strong, with net margins exceeding 50% in the latest quarters, reflecting solid profit retention and possibly tax efficiencies or lower interest expenses relative to earnings.

Return on Equity (ROE)

ROE showed a strong positive trend over the reported timeline. Starting at around 25% in early 2020, it experienced modest growth and then a dip to around 19-20% in the first quarter of 2023. Following this, ROE surged dramatically, reaching very high levels beyond 90% by 2024, suggesting either significant improvements in net income relative to shareholder equity or changes in capital structure such as increased leverage or share buybacks. While ROE slightly moderates toward the last periods, it remains notably high, indicating excellent returns generated on equity investments.

Return on Assets (ROA)

The ROA trend mimics that of ROE but on a smaller scale, consistent with typical leverage effects. It improved gradually from about 14% in early 2020 to just over 22% by early 2022, then declined to near 10-11% by early 2023, aligning with the period of margin compression. Subsequently, a significant recovery occurred, with ROA climbing to over 65% in 2024, which is exceptionally high and points to very effective asset utilization or changes in asset base and profitability dynamics. This trend also slightly pulls back toward the latest quarters but remains substantially elevated compared with earlier periods.

Overall, the company's financial metrics demonstrate a period of volatility around 2022-2023, possibly due to market, operational, or macroeconomic challenges. Nevertheless, the subsequent recovery and amplification of margins and returns indicate strong operational resilience, improved profitability, and efficient capital usage in the more recent quarters leading into 2025.

The analysis of the quarterly financial data reveals several key trends in the company's financial performance over the reported periods.

Revenue Growth

Revenue exhibits a general upward trajectory from approximately $3.08 billion in April 2020 to over $57 billion by October 2025. Despite some quarterly fluctuations, this indicates a robust growth trend in the company's sales or service income over five years. Notably, there are periods of slower revenue such as in mid-2022, where revenue decreased from $8.29 billion to $5.93 billion before resuming growth.

Gross Profit

Gross profit mirrors the growth in revenue, increasing from roughly $2 billion in early 2020 to over $41.8 billion by the end of the dataset. The gross profit line is generally consistent with revenue trends, although gross profit shows a sharper increase than revenue toward the latter periods, indicating improved operational efficiency or better pricing power. Occasional declines, such as the drop in mid-2022, coincide with similar revenue dips.

Gross Profit Margin

The gross profit margin percentage reveals a trend of significant improvement over time. Starting in the low-to-mid 60% range in 2020, it experiences a dip to the high 50% range around late 2022 and early 2023 but then rebounds strongly, reaching above 75% in several of the most recent quarters. This increasing margin suggests enhanced cost control or a shift towards higher-margin products and services in the company's portfolio.

Inter-period Variability

Some short-term volatility appears around mid-2022, with both revenue and gross profit experiencing declines. This period may reflect external market pressures or internal adjustments. Following this, there is a marked recovery and acceleration in growth and margin improvement, suggesting the company successfully navigated temporary challenges.

Overall Financial Health Indications

The sustained revenue increase coupled with expanding gross profit margins suggests strengthening profitability and operational efficiency. The upward margin trend in the latter periods indicates a favorable cost structure evolution or improved pricing strategy. The company appears to be scaling effectively and enhancing its profitability profile over the analyzed quarters.

The financial data over the multiple quarters reveals several significant trends in key performance indicators, including operating income, revenue, and operating profit margin.

Operating Income

The operating income showed an overall upward trajectory with some fluctuations. Initially, there were moderate increases from approximately 651 million USD to over 2,970 million USD within the early periods. A notable dip appeared around mid-2022, with operating income decreasing to as low as 499 million USD. Subsequently, a robust recovery occurred, highlighted by substantial growth reaching a peak of 36,010 million USD by October 2025. This pattern indicates periods of both contraction and strong expansion in operational profitability.

Revenue

Revenue demonstrated consistent growth across the quarters, rising from around 3,080 million USD in the earliest recorded period to 57,006 million USD near the end of the timeframe. There was a minor setback in mid-2022 where revenue dropped from a peak of over 8,000 million USD to approximately 5,931 million USD, but the recovery was rapid and sustained thereafter. The steady increment in revenue underscores successful market expansion and possibly effective sales strategies.

Operating Profit Margin

The operating profit margin exhibited notable variability. Beginning at roughly 27-29%, the margin improved gradually to exceed 37% by early 2022. A decline followed, plunging to around 15.66% before reversing sharply. From mid-2023 onward, the margin ascended dramatically, peaking above 62% in later periods. This sharp increase in operating profitability margin signals enhanced operational efficiency, better cost management, or favorable product mix changes contributing to improved profitability ratios.

Overall Assessment

The overall financial trend is one of substantial growth accompanied by transient volatility. Revenue and operating income trends correlate closely, with periods of decline followed by robust recovery and significant growth. The operating profit margin’s late surge suggests improving profitability independent of revenue scale, pointing to strategic operational improvements. This financial evolution reflects a capacity to overcome mid-cycle challenges and capitalize on market opportunities, leading to enhanced financial performance in the most recent quarters.

The financial data presents quarterly trends for net income, revenue, and net profit margin over a multi-year period, exhibiting significant variations and growth patterns.

Net Income

Net income shows a clear upward trajectory across the timeline, reflecting strong profitability growth. Initial values start from moderately low hundreds of millions and steadily increase, with occasional fluctuations. Notably, there are substantial increases from mid-2023 onward, with net income rising sharply from 2043 million to 31910 million by the final period. This indicates a marked acceleration in earnings generation capacity.

Revenue

Revenue similarly demonstrates consistent growth, starting from a base of approximately 3 billion US dollars and rising progressively each quarter. Despite some quarters reflecting dips or slower growth — for example, a notable drop around mid-2022 — the overall trend is markedly upward. The revenue nearly doubles between mid-2023 and the end of the timeline, increasing from about 13.5 billion to over 57 billion US dollars, signaling robust top-line expansion.

Net Profit Margin

The net profit margin exhibits variability but an overall increasing trend. Beginning at around 28% in early periods, it fluctuates between approximately 16% and 36% through the mid-periods, showing some erosion of margins likely linked to specific quarters of weaker profitability or revenue softness. From 2023 onwards, the margin displays a strong positive trend, advancing steadily to exceed 50% in later periods, peaking around 55.85%. This improvement suggests enhanced operational efficiency or favorable cost management accompanying revenue growth.

Overall, the data reflects a company experiencing sustained expansion in both revenue and profitability, with notable improvements in profit margins indicating effective management of costs relative to income. The acceleration in net income and revenue from mid-2023 through 2025 suggests strong business momentum, while high net profit margins reinforce the quality of earnings during this growth phase.

The financial data presents key trends in net income, shareholders’ equity, and return on equity (ROE) for the analyzed company over multiple quarterly periods.

Net Income

Net income demonstrated a general upward trend throughout the observed periods. Starting at 917 million USD, it exhibited periodic fluctuations but maintained long-term growth. Significant increases are noted around the quarters of July 2023 and beyond, with net income peaking at 31,910 million USD by October 2025. The data also shows some short-term declines or stagnation periods, such as between May 2022 and July 2022, where figures fell to approximately 656–680 million USD, before recovering substantially in subsequent quarters.

Shareholders’ Equity

Shareholders’ equity consistently increased over time, reflecting steady capital growth and retained earnings accumulation. Starting from 13,099 million USD, equity rose steadily each quarter, reaching 118,897 million USD by October 2025. While there is a slight dip observed around the mid-period ranging from May 2022 (26,320 million USD) to October 2022 (21,349 million USD), the longer-term trajectory remains positively inclined, indicating sustained financial strengthening of the company’s net asset base.

Return on Equity (ROE)

The ROE values exhibit a strong upward trend overall, signaling improved profitability relative to equity. Initial values hovered in the mid-20% range, with consistent growth reaching exceptionally high levels in the latter periods. Notably, ROE peaked at above 90% in several quarters between January 2024 and beyond, indicative of highly efficient profit generation from shareholders' equity. There is a notable dip around early 2023 where ROE decreases to the high-teens or just below 20%, but this is followed by a rapid and sustained recovery.

In summary, the data signals robust financial performance with significant growth in net income and equity. The substantial increase in ROE in later periods suggests markedly enhanced operational efficiency or profitability. While occasional short-term fluctuations are present, the overall patterns denote a solid strengthening of financial health and value creation for shareholders over the observed timeframe.

Net Income Trends

The net income demonstrates an overall increasing trend from April 2020 through October 2025. Despite some fluctuations, such as a decline around July and October 2022, the values rise significantly afterward, reaching a peak in October 2025. The net income more than triples from 917 million USD in April 2020 to 31,910 million USD in October 2025, indicating strong profitability growth over the period.

Total Assets Trends

Total assets show consistent growth throughout the reported periods, increasing from 23,254 million USD in April 2020 to 161,148 million USD by October 2025. This steady increase suggests ongoing asset accumulation and expansion, with no periods of significant contraction. The growth rate accelerates notably after January 2023, reflecting possibly heightened investment or acquisitions contributing to the asset base.

Return on Assets (ROA) Trends

The ROA initially fluctuates moderately between approximately 13% and 22% until early 2023. Subsequently, a marked and sustained increase is evident, with ROA rising sharply from 10.78% in April 2023 to over 60% by the end of the observed timeline. This substantial improvement in asset efficiency suggests the company has significantly enhanced its ability to generate net income from its asset base during the latter periods.

Financial Insights

The concurrent rise in net income and total assets, accompanied by a dramatic increase in ROA, indicates effective utilization of resources and stronger operational performance. The pronounced improvement in ROA after 2023 suggests enhanced profitability not merely due to asset growth but also through improved asset management or higher return-generating activities.

The temporary dips in net income around mid-2022 did not materially affect the asset base or the long-term upward trajectory of profitability, implying resilience and recovery capability. The strong correlation between the growth in net income and ROA in recent years highlights the company's efficiency in converting investments into earnings.