NVIDIA Corporation (NVDA)
Gross profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 44,301,000 | 15,356,000 | 17,475,000 | 10,396,000 | 6,768,000 |
| Revenue | US$ in thousands | 60,922,000 | 26,974,000 | 26,914,000 | 16,675,000 | 10,918,000 |
| Gross profit margin | 72.72% | 56.93% | 64.93% | 62.34% | 61.99% |
January 28, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $44,301,000K ÷ $60,922,000K
= 72.72%
The gross profit margin of NVIDIA Corp has shown fluctuations over the past five years, ranging from 56.93% in January 29, 2023, to a peak of 72.72% in January 28, 2024. This indicates a significant increase in profitability in the most recent period compared to the prior years. The company's ability to generate profits from its core business operations has improved, showcasing potential efficiencies in production or pricing strategies. Overall, the trend suggests that NVIDIA Corp has been successful in managing its cost of goods sold relative to its revenue, resulting in a higher gross profit margin, which is a positive indicator of financial health and operational performance.
Peer comparison
Jan 28, 2024