NVDA · Nasdaq
NVIDIA Corporation
$237.47Close 7 Oct 2026
Semiconductors · United States · Market cap ≈ $5.8T
NVIDIA designs graphics processors and the systems around them. Data centers that train and run AI models now bring in about 90% of its revenue.
Why it's here: The most talked-about stock of the decade. Here only the numbers get a say.
NVDA vs S&P 500
Price only, USD. S&P 500 in USD. S&P 500 +69%.
A rare breed. Few companies turn capital into cash this easily.
Return on capital
86.2%Great
Every 100 it keeps earns about 86 a year. That is elite.
Free cash flow
41.9%Great
Real cash left over in 5 of the last 5 years. About 42 of every 100 in sales becomes real cash.
Consistent growth
+67.7%/yrGreat
Sales per share grew 68% a year, rising in 9 of 10 years. A machine.
Margins
60.4%Great
Keeps 60 of every 100 in sales as operating profit, rising. That is pricing power.
Debt
0.1× profitsGreat
Could clear every debt with less than a year of profits.
Buybacks vs dilution
-0.5%/yrGood
Share count is flat. No quiet dilution.
Where the money goes · FY2026
Where the money comes from
- Data center: compute75%
- Data center: networking15%
- Gaming7%
- Other3%
- Revenue$215.9B
- Cost of sales$62.5B29%
- Gross profit$153.5B71%
- R&D$18.5B9%
- Sales & admin$4.6B2%
- Other income$11.1B5%
- Operating profit$130.4B60%
- Tax$21.4B10%
- Net profit$120.1B56%
Return on capital
Margins
Shares outstanding
What it does with the cash
FY2026: 42% of free cash flow went back to owners.
Balance sheet · 26 Jul 2026
- Buy below
- $31.24
- Fair value
- $44.63
- Price
- $237.47
Today's price only works if earnings grow ~37% a year for a decade. The past 5 years delivered 68%.
The quick check
It earns 87% on its capital and you pay 30× earnings. Beautiful.
Five ways to value it
Price $237
Marketdaddy fair value
$45
Steady earnings × 25
81% below the price
Scenario range
$26 – $103
Bad case to good case
73% below the price
Graham number
$41
Graham's ceiling for careful investors
83% below the price
Lynch fair value
$199
Earnings × 25% growth
16% below the price
No-growth value
$79
If it never grows again
67% below the price
When most lenses sit far below the price, the market is betting on growth the past hasn't shown yet.
Margin: default until you answer question 03.
How the multiple is built
Your scenarios
Your turn. Drag the assumptions.
If it goes as expected
$60
The market does 8 to 10% a year. Ask more and every price gets stricter.
Your weighted fair value
$62
Today $237
A great price: below $43. That is your fair value minus a 30% safety cushion (default until you answer question 03).
Not there today. Add it to your watchlist with an alert at $43 and let the price come to you.
Sales rose in 9 of 10 years, but profit margins swung 47.5 points. Where they settle is hard to predict.
A wide band. Harder to see the future in it.
Worth knowing
Your call
Only you know what you really understand.
Could you explain how it makes money in one minute?
If you can't, you're guessing.
Do you know this world from your job or daily life?
A doctor reads medical companies better. A builder reads housing better. That is your edge.
Will people still need this in ten years?
Cars will still crash. People will still snore. Will this still be needed?
Do you know what could kill it?
A competitor, a new technology, a law. If you can name the danger, you can watch it.
Answer all four. Your safety margin in question 02 moves with you.
Revenue per share, up or down
Up in 9 of 10 years.
Where the growth came from · 2024–2026
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Sources
Figures from the 10-K for FY2026, filed with the SEC on 25 Feb 2026. Trailing twelve months to 26 Jul 2026. Open the report
Monthly closing prices to 7 Oct 2026, adjusted for splits.
Marketdaddy does not own NVIDIA. This is not investment advice.