Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
NVIDIA Corporation's quarterly P/E stands at 21.8x, down 40.3% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 24.0% YoY to 23.3x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 43.00 | 21.78 | 26.66 | 35.82 | 40.16 | 36.52 | 40.06 | 45.37 | 42.19 | 36.56 | 31.14 | 27.36 | 46.75 |
| — | -40.3% | -33.5% | -21.0% | -4.8% | -0.1% | +28.7% | +65.8% | -9.8% | -56.8% | -65.1% | -78.6% | -73.2% | |
| P/S Ratio | 23.63 | 15.56 | 16.83 | 20.00 | 22.76 | 15.50 | 22.40 | 24.99 | 23.38 | 20.96 | 17.19 | 13.94 | 21.62 |
| — | +0.4% | -24.9% | -20.0% | -2.6% | -26.1% | +30.3% | +79.3% | +8.1% | -12.7% | -17.5% | -4.3% | +26.9% | |
| P/B Ratio | 32.84 | 25.99 | 29.15 | 38.35 | 42.51 | 32.59 | 44.42 | 53.21 | 48.31 | 44.44 | 35.36 | 30.36 | 42.48 |
| — | -20.3% | -34.4% | -27.9% | -12.0% | -26.7% | +25.6% | +75.2% | +13.7% | +57.7% | +55.0% | +87.6% | +121.8% | |
| P/FCF | 52.79 | 26.14 | 32.84 | 51.55 | 79.00 | 26.08 | 56.64 | 52.14 | 51.98 | 36.46 | 33.78 | 35.80 | 48.20 |
| — | +0.2% | -42.0% | -1.1% | +52.0% | -28.5% | +67.7% | +45.6% | +7.8% | -43.8% | -53.4% | — | -64.7% | |
| EV / EBITDA | 38.31 | 23.29 | 25.41 | 31.01 | 36.55 | 30.64 | 35.86 | 39.24 | 36.84 | 31.58 | 27.20 | 23.53 | 40.94 |
| — | -24.0% | -29.1% | -21.0% | -0.8% | -3.0% | +31.8% | +66.7% | -10.0% | -54.3% | -64.3% | -73.3% | -69.2% | |
| EV / EBIT | 39.14 | 18.19 | 22.72 | 30.00 | 34.02 | 31.03 | 34.86 | 39.19 | 36.46 | 31.53 | 26.88 | 23.99 | 41.64 |
| — | -41.4% | -34.8% | -23.4% | -6.7% | -1.6% | +29.7% | +63.4% | -12.4% | -58.9% | -71.7% | -81.7% | -80.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
NVIDIA Corporation's operating margin was 65.6% in Q1 2027, up 0.6 pp QoQ and up 16.5 pp YoY. This marks the 5th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 63.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 23.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.1% | 74.9% | 75.0% | 73.4% | 72.4% | 60.5% | 73.0% | 74.6% | 75.1% | 78.4% | 76.0% | 74.0% | 70.1% |
| — | +23.8% | +2.7% | -1.5% | -3.6% | -22.8% | -3.9% | +0.8% | +7.3% | +21.2% | +19.9% | +38.1% | +61.1% | |
| Operating Margin | 60.4% | 65.6% | 65.0% | 63.2% | 60.8% | 49.1% | 61.1% | 62.3% | 62.1% | 64.9% | 61.6% | 57.5% | 50.3% |
| — | +33.6% | +6.4% | +1.3% | -2.0% | -24.4% | -0.8% | +8.4% | +23.3% | +118.2% | +196.7% | +467.3% | +576.4% | |
| Net Margin | 55.6% | 71.5% | 63.1% | 56.0% | 56.5% | 42.6% | 56.2% | 55.0% | 55.3% | 57.1% | 55.6% | 51.0% | 45.8% |
| — | +67.7% | +12.3% | +1.7% | +2.3% | -25.4% | +1.1% | +7.9% | +20.6% | +101.1% | +137.8% | +344.9% | +368.2% |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 101.5% | 33.1% | 31.1% | 29.1% | 28.7% | 23.0% | 30.4% | 31.1% | 30.9% | 32.3% | 32.2% | 30.4% | 23.8% |
| — | +43.7% | +2.3% | -6.4% | -7.2% | -28.8% | -5.6% | +2.3% | +30.1% | +268.6% | +395.1% | +911.1% | +809.7% | |
| ROA | 75.4% | 25.0% | 23.4% | 21.1% | 19.9% | 15.9% | 21.3% | 21.3% | 20.5% | 20.8% | 20.5% | 17.8% | 13.2% |
| — | +57.8% | +9.7% | -0.8% | -2.9% | -23.9% | +3.8% | +19.5% | +55.4% | +336.8% | +491.9% | +1000.6% | +789.9% | |
| ROIC | 81.8% | 22.7% | 24.0% | 24.9% | 24.0% | 20.3% | 24.4% | 25.9% | 24.9% | 25.5% | 23.9% | 21.9% | 15.9% |
| — | +12.0% | -1.3% | -4.1% | -3.7% | -20.3% | +2.0% | +18.4% | +56.6% | +394.2% | +673.6% | +1424.2% | +1315.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
NVIDIA Corporation's Debt/EBITDA ratio is 0.2x, down from 0.3x last quarter — comfortably within a safe range. Debt/Equity has declined for 12 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.07 | 0.09 | 0.11 | 0.12 | 0.13 | 0.16 | 0.17 | 0.23 | 0.26 | 0.33 | 0.40 |
| — | -46.6% | -44.0% | -41.3% | -38.5% | -46.4% | -49.7% | -53.2% | -56.8% | -53.6% | -52.7% | -39.8% | -18.7% | |
| Debt / EBITDA | 0.09 | 0.23 | 0.25 | 0.29 | 0.36 | 0.46 | 0.42 | 0.46 | 0.53 | 0.65 | 0.79 | 1.02 | 1.53 |
| — | -49.2% | -39.5% | -35.7% | -30.7% | -28.8% | -47.1% | -55.2% | -65.7% | -86.4% | -89.0% | -91.2% | -88.5% | |
| Current Ratio | 3.91 | 3.44 | 3.91 | 4.47 | 4.21 | 3.39 | 4.44 | 4.10 | 4.27 | 3.53 | 4.17 | 3.59 | 2.79 |
| — | +1.5% | -12.0% | +8.8% | -1.3% | -4.0% | +6.4% | +14.4% | +53.2% | +3.0% | +18.7% | +5.9% | -23.0% | |
| Quick Ratio | 3.24 | 2.85 | 3.24 | 3.71 | 3.60 | 2.96 | 3.88 | 3.64 | 3.79 | 3.14 | 3.67 | 3.06 | 2.37 |
| — | -3.7% | -16.5% | +1.9% | -5.1% | -5.8% | +5.6% | +18.8% | +60.1% | +12.6% | +34.6% | +11.9% | -23.8% | |
| Interest Coverage | 547.14 | 684.30 | 691.38 | 622.90 | 504.32 | 348.78 | 414.39 | 366.84 | 315.98 | 270.98 | 224.90 | 168.02 | 108.40 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NVDA stock.
NVIDIA Corporation's current P/E is 43.0x. The average P/E over the last 4 quarters is 31.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
NVIDIA Corporation's current operating margin is 60.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking NVIDIA Corporation's business trajectory between earnings reports.