Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
NVIDIA Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
- Gross Profit Margin
- The gross profit margin demonstrates a generally increasing trend from April 2020 onwards. Starting around 62%, it exhibits gradual improvement, peaking near 76% between late 2023 and early 2024. However, a slight decrease is observed afterward, settling around 70% by mid-2025. This pattern indicates enhanced efficiency in production or cost management over the analyzed periods, with a minor recent decline suggesting emerging cost pressures or changes in pricing strategy.
- Operating Profit Margin
- Operating profit margin follows a similar upward trajectory starting from about 26% in April 2020. There is consistent growth with notable acceleration beginning in mid-2023, reaching above 62% by late 2024 and early 2025. This significant improvement implies increasing operational leverage and improved control over operating expenses, contributing to stronger core profitability. A subtle dip towards mid-2025 suggests potential operational challenges or increased overhead.
- Net Profit Margin
- Net profit margin mirrors the trends seen in operating margin but at a slightly lower level, starting near 26% in early 2020 and rising steadily to approximately 55% by late 2024. The margin maintains relative stability at around the mid-50s percent range thereafter. This indicates effective management of non-operating items and taxes alongside operational gains, contributing positively to the bottom line with minor fluctuations in the latest quarters.
- Return on Equity (ROE)
- Return on equity shows pronounced improvement from 22.9% around April 2020 to an impressive peak exceeding 95% by late 2024. Despite a marginal decline thereafter, ROE remains exceptionally high, above 85%. This trend reveals highly effective use of shareholders’ equity, potentially driven by strong profitability and leverage strategies. The high volatility and sharp increase suggest strategic repositioning or capital structure changes impacting equity returns.
- Return on Assets (ROA)
- Return on assets rises steadily from approximately 16% in early 2020 to over 65% by the end of 2024, maintaining levels above 60% into mid-2025. This increase signifies enhanced asset utilization and operational efficiency in generating profits relative to total asset base. The consistency in elevated ROA levels highlights sustained performance improvements and efficient asset management throughout the periods reviewed.
Return on Sales
Return on Investment
Gross Profit Margin
NVIDIA Corp., gross profit margin calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Gross profit | 33,853) | 26,668) | 28,722) | 26,156) | 22,574) | 20,406) | 16,791) | 13,400) | 9,462) | 4,648) | 3,833) | 3,177) | 2,915) | 5,431) | 5,000) | 4,631) | 4,215) | 3,629) | 3,157) | 2,960) | 2,275) | 2,004) | 2,015) | 1,916) | 1,541) | 1,296) | ||||||||
| Revenue | 46,743) | 44,062) | 39,331) | 35,082) | 30,040) | 26,044) | 22,103) | 18,120) | 13,507) | 7,192) | 6,051) | 5,931) | 6,704) | 8,288) | 7,643) | 7,103) | 6,507) | 5,661) | 5,003) | 4,726) | 3,866) | 3,080) | 3,105) | 3,014) | 2,579) | 2,220) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Gross profit margin1 | 69.85% | 70.11% | 74.99% | 75.86% | 75.98% | 75.29% | 72.72% | 69.85% | 64.62% | 56.31% | 56.93% | 57.84% | 60.45% | 65.26% | 64.93% | 64.40% | 63.76% | 62.43% | 62.34% | 62.62% | 62.84% | 63.47% | 61.99% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 47.62% | 50.09% | 49.35% | 48.38% | 47.61% | 46.76% | 46.12% | 45.01% | 43.70% | 43.98% | 44.93% | 46.55% | 48.01% | 48.53% | 48.25% | 46.82% | 45.71% | 44.79% | 44.53% | — | — | — | ||||||||
| Analog Devices Inc. | — | — | — | 60.15% | 58.76% | 57.16% | 57.08% | 57.85% | 59.84% | 62.47% | 64.01% | 65.23% | 65.69% | 65.62% | 62.70% | 58.63% | 58.33% | 57.81% | 61.83% | 68.04% | 67.36% | 66.37% | 65.87% | 65.39% | 65.56% | 66.43% | ||||||||
| Applied Materials Inc. | — | — | — | 48.50% | 48.14% | 47.73% | 47.46% | 47.41% | 47.18% | 46.98% | 46.70% | 46.40% | 46.35% | 46.39% | 46.51% | 47.05% | 47.51% | 47.67% | 47.32% | 46.69% | 45.83% | 44.96% | 44.72% | 44.23% | 44.04% | 43.81% | ||||||||
| Broadcom Inc. | — | — | — | — | 66.09% | 64.70% | 63.03% | 63.90% | 65.05% | 67.06% | 68.93% | 68.28% | 67.71% | 66.98% | 66.55% | 65.68% | 64.42% | 62.95% | 61.36% | 60.18% | 58.98% | 57.54% | 56.58% | 55.70% | 55.21% | 55.32% | ||||||||
| Intel Corp. | — | — | — | — | 29.76% | 31.67% | 32.66% | 34.67% | 41.42% | 41.49% | 40.04% | 38.14% | 38.27% | 38.34% | 42.61% | 46.56% | 49.85% | 54.32% | 55.45% | 56.27% | 55.59% | 54.62% | 56.01% | — | — | — | ||||||||
| KLA Corp. | — | — | 60.91% | 60.56% | 59.68% | 59.75% | 59.97% | 59.57% | 59.76% | 59.44% | 59.81% | 60.16% | 60.69% | 61.23% | 61.00% | 60.86% | 60.77% | 60.27% | 59.93% | 59.38% | 58.80% | 58.43% | 57.81% | — | — | — | ||||||||
| Lam Research Corp. | — | — | 48.71% | 48.03% | 47.60% | 47.47% | 47.32% | 46.84% | 45.23% | 44.80% | 44.62% | 44.65% | 45.31% | 45.74% | 45.69% | 45.93% | 46.30% | 46.19% | 46.53% | 46.49% | 46.59% | 46.43% | 45.88% | — | — | — | ||||||||
| Micron Technology Inc. | — | — | — | 37.13% | 34.73% | 30.92% | 22.35% | 11.42% | -0.32% | -14.49% | -9.11% | 9.03% | 27.51% | 41.34% | 45.18% | 46.89% | 45.81% | 41.37% | 37.62% | 33.66% | 30.70% | 31.37% | 30.57% | 29.03% | 30.33% | 36.11% | ||||||||
| Qualcomm Inc. | — | — | — | 55.68% | 55.68% | 55.99% | 56.21% | 55.90% | 55.80% | 55.54% | 55.70% | 56.31% | 56.46% | 57.22% | 57.84% | 57.99% | 58.51% | 58.16% | 57.51% | 59.82% | 59.99% | 60.17% | 60.67% | 56.96% | 65.07% | 65.22% | ||||||||
| Texas Instruments Inc. | — | — | — | — | 58.03% | 58.02% | 58.14% | 58.63% | 59.36% | 61.01% | 62.90% | 64.46% | 66.29% | 67.64% | 68.76% | 69.51% | 69.26% | 68.68% | 67.47% | 66.36% | 65.46% | 64.70% | 64.10% | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
1 Q2 2026 Calculation
Gross profit margin = 100
× (Gross profitQ2 2026
+ Gross profitQ1 2026
+ Gross profitQ4 2025
+ Gross profitQ3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (33,853 + 26,668 + 28,722 + 26,156)
÷ (46,743 + 44,062 + 39,331 + 35,082)
= 69.85%
2 Click competitor name to see calculations.
- Revenue Trend
- The revenue demonstrates a general upward trajectory over the observed periods, starting from $2,220 million in April 2019 and reaching $46,743 million by July 2025. Despite some fluctuations, particularly in mid-2022 where revenue decreased to $5,931 million in October 2022 from a previous peak of $8,288 million in May 2022, the overall trend is strongly positive. The growth rate accelerates notably after early 2023, with revenue more than doubling from $7,192 million in January 2023 to over $46,000 million by mid-2025.
- Gross Profit Trend
- Gross profit follows a similar increasing pattern, rising from $1,296 million in April 2019 to a peak of $33,853 million in July 2025. Although there is a notable dip in mid-2022, where gross profit decreased significantly to $2,915 million in May 2022 from a previous $5,431 million in May 2022, subsequent data shows a recovery with strong growth continuing thereafter. The highest values are recorded in 2024 and 2025, reflecting robust profitability alongside increased revenue.
- Gross Profit Margin Analysis
- Gross profit margin percentages are available from January 2020 onward and indicate an overall improving profitability ratio. Starting at approximately 62% in early 2020, the margin steadily increases, reaching levels above 75% by late 2024 and early 2025. This upward trend suggests improving cost management or pricing power relative to revenue growth. The margin does exhibit a decline in the mid-2022 period, mirroring the dip observed in absolute gross profit and revenue figures, but it quickly recovers and continues its rising path throughout the rest of the timeline.
- Overall Insights
- The data presents a company showing strong growth in both revenue and gross profit over the long term, with a notable acceleration starting from early 2023. Despite some volatility in 2022, both revenue and gross profit margins improve significantly afterward, reaching historically high levels. The steady increase in gross profit margin indicates enhanced efficiency or value capture. Together, these patterns reflect an expansion phase with improved profitability metrics, though the fluctuations observed in mid-2022 suggest some period-specific challenges or market conditions impacting performance temporarily.
Operating Profit Margin
NVIDIA Corp., operating profit margin calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Operating income | 28,440) | 21,638) | 24,033) | 21,869) | 18,642) | 16,909) | 13,615) | 10,417) | 6,800) | 2,140) | 1,256) | 601) | 499) | 1,868) | 2,970) | 2,671) | 2,444) | 1,956) | 1,507) | 1,398) | 651) | 976) | 990) | 927) | 571) | 358) | ||||||||
| Revenue | 46,743) | 44,062) | 39,331) | 35,082) | 30,040) | 26,044) | 22,103) | 18,120) | 13,507) | 7,192) | 6,051) | 5,931) | 6,704) | 8,288) | 7,643) | 7,103) | 6,507) | 5,661) | 5,003) | 4,726) | 3,866) | 3,080) | 3,105) | 3,014) | 2,579) | 2,220) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Operating profit margin1 | 58.09% | 58.03% | 62.42% | 62.71% | 61.87% | 59.85% | 54.12% | 45.94% | 33.04% | 17.37% | 15.66% | 20.79% | 26.93% | 33.69% | 37.31% | 35.34% | 33.36% | 28.62% | 27.18% | 27.17% | 27.13% | 29.41% | 26.07% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 7.66% | 9.62% | 7.37% | 5.64% | 3.74% | 2.55% | 1.77% | -0.41% | -1.73% | 0.73% | 5.36% | 11.48% | 16.83% | 20.86% | 22.20% | 20.27% | 18.83% | 16.23% | 14.02% | — | — | — | ||||||||
| Analog Devices Inc. | — | — | — | 24.61% | 22.71% | 20.76% | 21.56% | 21.63% | 24.23% | 28.34% | 31.07% | 33.43% | 33.06% | 32.15% | 27.29% | 20.49% | 20.42% | 18.87% | 23.12% | 31.59% | 30.06% | 28.83% | 26.74% | 24.91% | 25.30% | 26.56% | ||||||||
| Applied Materials Inc. | — | — | — | 30.14% | 29.66% | 29.22% | 28.95% | 29.02% | 28.87% | 28.89% | 28.86% | 28.92% | 29.28% | 29.64% | 30.20% | 31.03% | 31.80% | 31.37% | 29.87% | 28.47% | 26.49% | 25.30% | 25.37% | 24.26% | 23.58% | 23.20% | ||||||||
| Broadcom Inc. | — | — | — | — | 35.94% | 32.35% | 26.10% | 27.93% | 30.84% | 36.50% | 45.25% | 45.00% | 45.19% | 44.23% | 42.84% | 40.47% | 37.37% | 34.35% | 31.03% | 28.16% | 24.83% | 20.81% | 16.80% | 15.27% | 14.85% | 15.90% | ||||||||
| Intel Corp. | — | — | — | — | -22.84% | -20.57% | -21.99% | -17.52% | -0.83% | 0.89% | 0.17% | -6.86% | -7.01% | -6.16% | 3.70% | 12.16% | 18.88% | 25.87% | 24.62% | 25.93% | 26.00% | 26.17% | 30.41% | — | — | — | ||||||||
| KLA Corp. | — | — | 39.28% | 38.10% | 35.37% | 34.78% | 34.10% | 33.27% | 34.30% | 37.20% | 38.06% | 39.00% | 39.86% | 40.05% | 39.67% | 39.30% | 38.90% | 37.26% | 35.97% | 34.43% | 28.42% | 27.28% | 25.87% | — | — | — | ||||||||
| Lam Research Corp. | — | — | 32.01% | 30.85% | 29.50% | 28.89% | 28.61% | 28.03% | 27.08% | 28.42% | 29.69% | 30.76% | 31.76% | 31.71% | 31.24% | 31.18% | 31.60% | 31.06% | 30.64% | 29.55% | 28.68% | 28.02% | 26.62% | — | — | — | ||||||||
| Micron Technology Inc. | — | — | — | 22.59% | 19.76% | 15.83% | 5.19% | -7.91% | -22.77% | -41.18% | -36.97% | -15.14% | 8.73% | 25.27% | 31.54% | 34.38% | 31.86% | 27.17% | 22.68% | 17.60% | 15.21% | 15.19% | 14.01% | 12.33% | 13.36% | 20.04% | ||||||||
| Qualcomm Inc. | — | — | — | 27.78% | 27.14% | 26.29% | 25.85% | 23.83% | 23.35% | 22.74% | 21.74% | 26.03% | 30.91% | 33.66% | 35.88% | 35.82% | 32.65% | 30.88% | 29.16% | 31.74% | 30.35% | 29.04% | 26.58% | 17.52% | 32.49% | 32.59% | ||||||||
| Texas Instruments Inc. | — | — | — | — | 34.89% | 34.29% | 34.94% | 35.78% | 37.03% | 39.78% | 41.85% | 44.03% | 46.54% | 48.77% | 50.63% | 51.84% | 51.52% | 50.55% | 48.84% | 47.02% | 45.19% | 42.73% | 40.76% | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
1 Q2 2026 Calculation
Operating profit margin = 100
× (Operating incomeQ2 2026
+ Operating incomeQ1 2026
+ Operating incomeQ4 2025
+ Operating incomeQ3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (28,440 + 21,638 + 24,033 + 21,869)
÷ (46,743 + 44,062 + 39,331 + 35,082)
= 58.09%
2 Click competitor name to see calculations.
The quarterly financial data demonstrates significant fluctuations and an overall growth trend across revenue, operating income, and operating profit margin over the observed periods.
- Revenue
- Revenue exhibits a consistent upward trajectory from April 2019 through January 2025, increasing from $2.22 billion to $46.74 billion. Several periods experienced rapid growth phases, particularly from May 2021 onwards, where revenue surged notably, reaching over $44 billion by July 2025. Some episodic decelerations or declines are visible, such as in mid-2022, yet the long-term direction remains positive. This suggests expanding market demand or successful business scaling over the reported intervals.
- Operating Income
- Operating income similarly reflects an overall growth pattern, starting at $358 million in April 2019 and rising sharply to approximately $28.44 billion by July 2025. However, this measure shows more volatility, with notable dips occurring around mid-2020 and mid-2022, where operating income temporarily decreased to around $499 million and $601 million respectively. After these troughs, operating income recovered strongly, with accelerated gains particularly after early 2023, indicating effective cost management or profitability improvements in high-demand conditions.
- Operating Profit Margin
- The operating profit margin data reveals a notable improvement over time, beginning in the mid-20% range around 2020 and expanding progressively to exceed 58% in the latest periods. This margin peaks above 62% between late 2024 and early 2025, before a slight decline to about 58% near mid-2025. Such increases indicate enhanced operational efficiency and better cost controls relative to revenue, contributing to stronger profitability. The margin's growth outpaces revenue and operating income growth rates in later quarters, highlighting effective leverage of increasing sales to boost bottom-line performance.
In summary, the financial data reflects a robust growth trajectory marked by rising revenues, considerable gains in operating income, and significant margin expansion. Periodic fluctuations in operating income and periodic revenue slowdowns appear temporary against a background of sustained advancement. The improvement in operating profit margin underscores strengthening operational efficiencies alongside revenue growth. Collectively, these trends depict a company that has substantially scaled and enhanced profitability over the analyzed quarters.
Net Profit Margin
NVIDIA Corp., net profit margin calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income | 26,422) | 18,775) | 22,091) | 19,309) | 16,599) | 14,881) | 12,286) | 9,243) | 6,188) | 2,043) | 1,414) | 680) | 656) | 1,618) | 3,002) | 2,464) | 2,374) | 1,912) | 1,457) | 1,336) | 622) | 917) | 951) | 899) | 552) | 394) | ||||||||
| Revenue | 46,743) | 44,062) | 39,331) | 35,082) | 30,040) | 26,044) | 22,103) | 18,120) | 13,507) | 7,192) | 6,051) | 5,931) | 6,704) | 8,288) | 7,643) | 7,103) | 6,507) | 5,661) | 5,003) | 4,726) | 3,866) | 3,080) | 3,105) | 3,014) | 2,579) | 2,220) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| Net profit margin1 | 52.41% | 51.69% | 55.85% | 55.69% | 55.04% | 53.40% | 48.85% | 42.09% | 31.59% | 18.52% | 16.19% | 20.85% | 26.03% | 32.02% | 36.23% | 33.81% | 32.33% | 27.66% | 25.98% | 25.89% | 25.94% | 28.18% | 25.61% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 9.57% | 8.03% | 6.36% | 7.52% | 5.82% | 4.89% | 3.77% | 0.94% | -0.11% | 1.71% | 5.59% | 9.96% | 14.51% | 17.98% | 19.24% | 26.72% | 25.76% | 25.24% | 25.50% | — | — | — | ||||||||
| Analog Devices Inc. | — | — | — | 18.85% | 18.65% | 16.75% | 17.35% | 17.07% | 20.45% | 24.34% | 26.94% | 29.23% | 28.16% | 27.27% | 22.88% | 17.00% | 16.84% | 15.18% | 19.00% | 26.15% | 25.16% | 23.99% | 21.79% | 20.14% | 20.05% | 21.06% | ||||||||
| Applied Materials Inc. | — | — | — | 23.88% | 24.06% | 22.95% | 26.41% | 27.74% | 27.56% | 27.03% | 25.86% | 24.27% | 24.36% | 24.57% | 25.31% | 26.42% | 27.20% | 27.10% | 25.53% | 24.54% | 22.35% | 21.19% | 21.04% | 19.58% | 18.89% | 18.83% | ||||||||
| Broadcom Inc. | — | — | — | — | 22.64% | 18.47% | 11.43% | 10.88% | 24.10% | 29.93% | 39.31% | 39.25% | 39.06% | 37.19% | 34.62% | 31.96% | 29.76% | 27.47% | 24.54% | 22.90% | 19.11% | 16.01% | 12.39% | 10.70% | 10.97% | 11.64% | ||||||||
| Intel Corp. | — | — | — | — | -38.64% | -36.19% | -35.32% | -29.42% | 1.77% | 7.36% | 3.11% | -3.11% | -1.71% | -5.06% | 12.71% | 19.13% | 26.03% | 31.68% | 25.14% | 26.89% | 23.91% | 23.93% | 26.84% | — | — | — | ||||||||
| KLA Corp. | — | — | 33.41% | 31.99% | 29.58% | 28.92% | 28.15% | 27.19% | 27.98% | 30.51% | 32.27% | 33.01% | 33.77% | 33.28% | 36.06% | 36.41% | 36.57% | 36.52% | 30.04% | 28.77% | 22.52% | 21.76% | 20.96% | — | — | — | ||||||||
| Lam Research Corp. | — | — | 29.06% | 27.19% | 26.49% | 26.02% | 25.68% | 25.35% | 24.15% | 25.08% | 25.88% | 26.08% | 26.91% | 26.96% | 26.73% | 27.13% | 27.78% | 27.07% | 26.72% | 26.07% | 24.85% | 23.60% | 22.42% | — | — | — | ||||||||
| Micron Technology Inc. | — | — | — | 18.41% | 14.92% | 13.34% | 3.10% | -7.20% | -20.57% | -42.47% | -37.54% | -16.02% | 6.99% | 22.78% | 28.24% | 30.61% | 28.95% | 24.86% | 21.16% | 16.20% | 13.60% | 13.59% | 12.54% | 11.16% | 11.72% | 17.01% | ||||||||
| Qualcomm Inc. | — | — | — | 26.76% | 26.11% | 25.94% | 26.03% | 23.33% | 23.03% | 21.39% | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | ||||||||
| Texas Instruments Inc. | — | — | — | — | 30.23% | 30.36% | 30.68% | 31.60% | 33.01% | 35.16% | 37.16% | 39.21% | 40.84% | 42.33% | 43.68% | 44.21% | 43.78% | 43.34% | 42.35% | 41.61% | 40.12% | 40.04% | 38.69% | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
1 Q2 2026 Calculation
Net profit margin = 100
× (Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025)
÷ (RevenueQ2 2026
+ RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025)
= 100 × (26,422 + 18,775 + 22,091 + 19,309)
÷ (46,743 + 44,062 + 39,331 + 35,082)
= 52.41%
2 Click competitor name to see calculations.
The financial data presents a detailed view of the quarterly performance over several years, illustrating key trends in net income, revenue, and net profit margin.
- Net Income
- Net income exhibits a general upward trajectory with some volatility. Starting at 394 million USD in April 2019, it increased to over 900 million by early 2020, followed by fluctuations, including a decline mid-2022. Notably, from mid-2023, net income surged dramatically, reaching peaks of 26,422 million USD in July 2024, although it slightly decreased towards the latter quarters with 18,775 million USD in April 2025. The trend suggests strong growth phases interspersed with brief setbacks.
- Revenue
- Revenue follows a consistent growth pattern, beginning at 2,220 million USD in April 2019 and progressing steadily to nearly 39,000 million USD by April 2025. Despite some slower growth periods, particularly around the mid-2022 timeframe where a short-term dip is observed, the overall trend is upward. The acceleration post-2022 is significant, reflecting increasing market demand or successful expansion initiatives.
- Net Profit Margin
- The net profit margin, initially unavailable for early quarters, shows improvements over time with substantial variability. Starting at 25.61% around mid-2019, it experienced a rise up to mid-30% and fluctuated thereafter. A notable increase is evident from 2023 onward, with margins peaking above 55%, indicating significant efficiency gains or high-value revenue streams. Margins slightly decreased but remained high, stabilizing above 50% toward the latest quarters.
Overall, the data indicates a company that has grown substantially in both revenue and profitability over the period analyzed. The sharp increases in net income and profit margins in recent quarters suggest successful strategic initiatives or favorable market conditions, despite occasional volatility. Revenue growth supports the strengthening profitability, while fluctuating margins imply adjustments in cost management or product mix.
Return on Equity (ROE)
NVIDIA Corp., ROE calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income | 26,422) | 18,775) | 22,091) | 19,309) | 16,599) | 14,881) | 12,286) | 9,243) | 6,188) | 2,043) | 1,414) | 680) | 656) | 1,618) | 3,002) | 2,464) | 2,374) | 1,912) | 1,457) | 1,336) | 622) | 917) | 951) | 899) | 552) | 394) | ||||||||
| Shareholders’ equity | 100,131) | 83,843) | 79,327) | 65,899) | 58,157) | 49,142) | 42,978) | 33,265) | 27,501) | 24,520) | 22,101) | 21,349) | 23,851) | 26,320) | 26,612) | 23,798) | 21,147) | 18,774) | 16,893) | 15,334) | 13,914) | 13,099) | 12,204) | 11,214) | 10,336) | 9,704) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| ROE1 | 86.48% | 91.57% | 91.87% | 95.71% | 91.15% | 86.68% | 69.24% | 56.78% | 37.54% | 19.55% | 19.76% | 27.90% | 32.45% | 35.93% | 36.65% | 34.49% | 33.48% | 28.37% | 25.64% | 24.95% | 24.36% | 25.34% | 22.91% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 4.75% | 3.85% | 2.85% | 3.20% | 2.39% | 1.99% | 1.53% | 0.38% | -0.05% | 0.72% | 2.41% | 4.17% | 5.67% | 6.13% | 42.18% | 55.62% | 48.63% | 44.51% | 42.66% | — | — | — | ||||||||
| Analog Devices Inc. | — | — | — | 5.74% | 5.23% | 4.46% | 4.65% | 4.70% | 6.07% | 7.92% | 9.32% | 10.45% | 10.06% | 9.39% | 7.54% | 5.15% | 4.43% | 3.43% | 3.66% | 13.87% | 12.83% | 11.63% | 10.17% | 9.44% | 9.59% | 10.37% | ||||||||
| Applied Materials Inc. | — | — | — | 35.03% | 35.64% | 34.06% | 37.77% | 39.54% | 40.14% | 41.07% | 41.94% | 42.69% | 45.93% | 48.06% | 53.51% | 55.06% | 58.35% | 55.09% | 48.08% | 44.00% | 36.95% | 33.62% | 34.21% | 33.30% | 32.31% | 32.64% | ||||||||
| Broadcom Inc. | — | — | — | — | 18.56% | 14.43% | 8.71% | 7.76% | 14.68% | 16.55% | 58.70% | 63.03% | 62.20% | 54.90% | 50.62% | 48.50% | 42.58% | 34.09% | 26.99% | 24.94% | 20.40% | 16.49% | 12.40% | 10.54% | 10.48% | 10.83% | ||||||||
| Intel Corp. | — | — | — | — | -20.95% | -19.24% | -18.89% | -16.04% | 0.85% | 3.84% | 1.60% | -1.61% | -0.91% | -2.91% | 7.90% | 13.32% | 18.88% | 23.87% | 20.83% | 23.42% | 21.78% | 23.30% | 25.79% | — | — | — | ||||||||
| KLA Corp. | — | — | 86.56% | 92.27% | 89.51% | 83.33% | 82.00% | 84.34% | 88.92% | 103.76% | 116.01% | 130.76% | 136.01% | 156.01% | 237.04% | 77.19% | 73.76% | 70.61% | 61.53% | 59.60% | 46.59% | 46.99% | 45.65% | — | — | — | ||||||||
| Lam Research Corp. | — | — | 54.33% | 48.98% | 48.75% | 47.89% | 44.82% | 45.00% | 42.06% | 49.36% | 54.94% | 58.49% | 61.71% | 65.45% | 73.35% | 75.35% | 70.88% | 73.28% | 64.85% | 64.42% | 53.86% | 48.15% | 43.53% | — | — | — | ||||||||
| Micron Technology Inc. | — | — | — | 12.27% | 9.61% | 8.30% | 1.72% | -3.48% | -8.59% | -16.02% | -13.22% | -6.41% | 3.41% | 12.55% | 17.41% | 20.12% | 18.86% | 16.04% | 13.34% | 9.77% | 7.86% | 7.51% | 6.89% | 5.98% | 6.20% | 9.62% | ||||||||
| Qualcomm Inc. | — | — | — | 42.55% | 39.82% | 39.27% | 38.60% | 35.31% | 34.27% | 33.67% | 33.51% | 41.68% | 53.52% | 62.58% | 71.81% | 80.15% | 83.73% | 88.12% | 90.88% | 112.56% | 108.05% | 91.17% | 85.54% | 83.00% | 132.94% | 94.02% | ||||||||
| Texas Instruments Inc. | — | — | — | — | 30.73% | 29.70% | 28.39% | 28.75% | 30.86% | 34.78% | 38.53% | 42.70% | 48.22% | 54.16% | 60.02% | 61.52% | 60.86% | 58.62% | 58.27% | 60.23% | 60.30% | 60.73% | 60.90% | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
1 Q2 2026 Calculation
ROE = 100
× (Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025)
÷ Shareholders’ equity
= 100 × (26,422 + 18,775 + 22,091 + 19,309)
÷ 100,131 = 86.48%
2 Click competitor name to see calculations.
The analysis of the quarterly financial metrics reveals several notable trends in profitability, equity growth, and return on equity over the indicated periods.
- Net Income
- Net income exhibited an overall upward trajectory with fluctuations across the reported quarters. Starting at 394 million USD, it reached peaks above 24 billion USD in recent quarters, demonstrating significant growth. There was a notable dip around the middle of the timeline (between early 2022 and mid-2023), where net income decreased from approximately 3 billion USD to below 700 million USD, before recovering and soaring thereafter. The pattern indicates periods of volatility but a strong upward momentum in profitability toward the later quarters.
- Shareholders’ Equity
- Shareholders’ equity steadily increased over time, beginning at roughly 9.7 billion USD and culminating near 100 billion USD in the last reported quarters. Although there were slight downturns around early 2022 to late 2022, the overall trend is strongly positive, reflecting sustained growth in the company's capital base and retained earnings. The continuous increase in equity supports well the expanding net income and suggests consistent reinvestment or capital issuance.
- Return on Equity (ROE)
- Return on equity showed marked improvement, with initial calculations absent and values starting in early 2020 at around 23%. There was a general growth trend until early 2022, where ROE stayed above 30%. Subsequently, it experienced a dip to around 19-20% during mid-2023, coinciding with the net income dip observed. Remarkably, ROE rebounded dramatically from mid-2023 onwards, reaching extraordinarily high levels above 90% in recent quarters. Such a sharp rise indicates increasingly efficient use of equity to generate earnings, albeit with large fluctuations that could denote operational leverage, changes in capital structure, or one-time gains affecting reported income.
In summary, the data points toward strong financial expansion, with net income and shareholders' equity both growing substantially over the reported timeframe. Despite intermittent volatility, the ability to generate high returns on equity aligns with enhanced profitability and efficient capital utilization. The spikes in ROE suggest periods of exceptional performance, which merit further investigation into the underlying drivers and sustainability of such elevated returns.
Return on Assets (ROA)
NVIDIA Corp., ROA calculation (quarterly data)
| Jul 27, 2025 | Apr 27, 2025 | Jan 26, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||||||
| Net income | 26,422) | 18,775) | 22,091) | 19,309) | 16,599) | 14,881) | 12,286) | 9,243) | 6,188) | 2,043) | 1,414) | 680) | 656) | 1,618) | 3,002) | 2,464) | 2,374) | 1,912) | 1,457) | 1,336) | 622) | 917) | 951) | 899) | 552) | 394) | ||||||||
| Total assets | 140,740) | 125,254) | 111,601) | 96,013) | 85,227) | 77,072) | 65,728) | 54,148) | 49,555) | 44,460) | 41,182) | 40,488) | 43,476) | 45,212) | 44,187) | 40,632) | 38,650) | 30,796) | 28,791) | 26,881) | 25,180) | 23,254) | 17,315) | 15,810) | 14,775) | 14,021) | ||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||||||
| ROA1 | 61.53% | 61.29% | 65.30% | 65.69% | 62.20% | 55.27% | 45.28% | 34.88% | 20.84% | 10.78% | 10.61% | 14.71% | 17.80% | 20.92% | 22.07% | 20.20% | 18.32% | 17.30% | 15.05% | 14.23% | 13.46% | 14.27% | 16.15% | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | — | — | 3.79% | 3.11% | 2.37% | 2.62% | 1.99% | 1.64% | 1.26% | 0.31% | -0.04% | 0.58% | 1.95% | 3.35% | 4.64% | 5.07% | 25.46% | 35.59% | 32.14% | 28.70% | 27.78% | — | — | — | ||||||||
| Analog Devices Inc. | — | — | — | 4.06% | 3.87% | 3.26% | 3.39% | 3.41% | 4.38% | 5.82% | 6.79% | 7.60% | 7.32% | 6.83% | 5.46% | 3.75% | 3.23% | 2.50% | 2.66% | 7.86% | 7.23% | 6.56% | 5.69% | 5.15% | 5.21% | 5.67% | ||||||||
| Applied Materials Inc. | — | — | — | 19.97% | 20.09% | 19.03% | 20.86% | 22.14% | 22.86% | 22.69% | 22.31% | 21.19% | 22.31% | 23.07% | 24.41% | 25.40% | 26.54% | 25.76% | 22.80% | 21.68% | 18.40% | 16.55% | 16.19% | 15.05% | 13.37% | 14.30% | ||||||||
| Broadcom Inc. | — | — | — | — | 7.85% | 6.09% | 3.56% | 3.03% | 5.86% | 6.54% | 19.33% | 19.44% | 19.10% | 17.54% | 15.69% | 14.20% | 12.45% | 10.69% | 8.91% | 8.00% | 6.47% | 5.14% | 3.90% | 3.13% | 3.08% | 3.26% | ||||||||
| Intel Corp. | — | — | — | — | -10.65% | -9.99% | -9.55% | -8.25% | 0.47% | 2.11% | 0.88% | -0.87% | -0.50% | -1.54% | 4.40% | 7.61% | 11.21% | 13.96% | 11.80% | 12.56% | 12.00% | 12.35% | 13.65% | — | — | — | ||||||||
| KLA Corp. | — | — | 25.28% | 24.33% | 21.39% | 18.92% | 17.90% | 17.45% | 18.95% | 21.95% | 24.07% | 25.64% | 25.79% | 24.99% | 26.37% | 26.21% | 25.57% | 24.46% | 20.23% | 18.68% | 13.93% | 13.85% | 13.11% | — | — | — | ||||||||
| Lam Research Corp. | — | — | 25.10% | 23.33% | 21.64% | 20.77% | 20.42% | 19.75% | 18.41% | 21.43% | 24.02% | 25.55% | 26.68% | 25.91% | 26.78% | 27.37% | 27.51% | 27.40% | 24.59% | 22.64% | 19.28% | 17.33% | 15.47% | — | — | — | ||||||||
| Micron Technology Inc. | — | — | — | 7.94% | 6.40% | 5.43% | 1.12% | -2.32% | -5.73% | -10.78% | -9.08% | -4.43% | 2.42% | 9.11% | 13.11% | 15.18% | 14.17% | 12.02% | 9.96% | 7.38% | 5.91% | 5.59% | 5.01% | 4.35% | 4.63% | 7.07% | ||||||||
| Qualcomm Inc. | — | — | — | 21.10% | 19.94% | 18.99% | 18.39% | 16.52% | 15.77% | 14.89% | 14.17% | 17.58% | 21.80% | 23.54% | 26.39% | 27.35% | 25.19% | 23.32% | 21.93% | 23.74% | 21.58% | 17.95% | 14.60% | 8.49% | 12.67% | 12.81% | ||||||||
| Texas Instruments Inc. | — | — | — | — | 14.43% | 14.44% | 13.51% | 14.06% | 15.16% | 16.93% | 20.12% | 22.44% | 24.85% | 28.25% | 32.16% | 34.25% | 34.69% | 32.51% | 31.48% | 31.45% | 32.64% | 31.44% | 28.91% | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-K (reporting date: 2020-01-26), 10-Q (reporting date: 2019-10-27), 10-Q (reporting date: 2019-07-28), 10-Q (reporting date: 2019-04-28).
1 Q2 2026 Calculation
ROA = 100
× (Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025)
÷ Total assets
= 100 × (26,422 + 18,775 + 22,091 + 19,309)
÷ 140,740 = 61.53%
2 Click competitor name to see calculations.
The financial data reveals significant developments in net income, total assets, and return on assets (ROA) over the analyzed periods.
- Net Income
- The net income experienced fluctuations in the earlier periods, initially increasing from 394 million US dollars in April 2019 to a peak of 951 million US dollars in January 2020. Subsequently, there was a decline and variability during mid to late 2020, with a notable dip to 622 million US dollars in July 2020. Starting from October 2020, net income showed a sustained upward trend, reaching a substantial peak of 9243 million US dollars by July 2023. This upward momentum continued with further growth, culminating in the highest recorded value of 26422 million US dollars by July 2025. This pattern indicates a strong recovery and significant profitability growth in recent years despite earlier volatility.
- Total Assets
- Total assets consistently increased throughout the examined timeframe. Beginning at 14,021 million US dollars in April 2019, total assets grew steadily, surpassing 44,460 million US dollars by May 2023. Growth accelerated thereafter, with assets reaching over 125,254 million US dollars by July 2025. The asset base more than doubled in this interval, underscoring expansion in scale, investment, or acquisitions. This consistent growth in total assets highlights an increasing resource base and potential capacity for revenue generation.
- Return on Assets (ROA)
- ROA data, available from January 2020 onwards, shows initial stability with values around the mid-teens to low twenties percent. Notably, from January 2024 onwards, ROA experienced a remarkable surge, escalating from about 20.84% to a peak above 65% in the following quarters. This indicates a significant enhancement in asset utilization efficiency, whereby the company generated higher net income relative to its asset base. Despite the large increase in asset size, ROA improvements suggest that asset growth was accompanied by even stronger profitability gains.
In summary, the financial indicators reveal a pattern of early variability in earnings followed by accelerated growth in net income and total assets. Concurrently, the substantial improvement in ROA during the latter periods reflects enhanced operational efficiency and profitability. This comprehensive financial performance trajectory suggests robust corporate growth and effective asset management.