NVIDIA Corporation (NVDA)
Net profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 29,760,000 | 4,368,000 | 9,752,000 | 4,332,000 | 2,796,000 |
| Revenue | US$ in thousands | 60,922,000 | 26,974,000 | 26,914,000 | 16,675,000 | 10,918,000 |
| Net profit margin | 48.85% | 16.19% | 36.23% | 25.98% | 25.61% |
January 28, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $29,760,000K ÷ $60,922,000K
= 48.85%
The net profit margin of NVIDIA Corp has exhibited variability over the past five years. In Jan 28, 2024, the net profit margin significantly improved to 48.85% from 16.19% in Jan 29, 2023, indicating a strong profitability performance. This increase represents a notable growth in the company's ability to convert revenue into profit in the most recent fiscal year. Comparatively, the net profit margin was relatively higher in Jan 30, 2022, at 36.23%, and slightly higher in Jan 31, 2021, at 25.98%, compared to the margin of 25.61% in Jan 26, 2020. It is evident that NVIDIA Corp has shown significant fluctuations in net profit margin over the five-year period, with considerable improvements seen in the most recent year compared to prior years.
Peer comparison
Jan 28, 2024