AMD
AMD · Semiconductors
$516.79
1.7%Nvidia
NVDA · Semiconductors
$210.96
0.6%The short version
- Nvidia is the larger business, with $215.9B of revenue in fiscal 2026 against $34.6B for AMD, about 6.2 times as much.
- Nvidia grew revenue faster (65.5%, against 34.3%).
- Nvidia kept more of each dollar of sales as operating profit (60.4% operating margin, against 10.7% operating margin).
- Nvidia turned more of its sales into free cash flow (44.8% FCF margin, against 19.4% FCF margin).
- Investors pay more for each dollar of AMD’s earnings: a P/E of 132.9x against 26.7x for Nvidia.
| Latest fiscal year | AMD · FY25 | NVDA · FY26 |
|---|---|---|
| Size | ||
| Market cap | $857.4B | $5.12T |
| Revenue | $34.6B | $215.9B |
| Free cash flow | $6.7B | $96.7B |
| Net income | $4.3B | $120.1B |
| Growth | ||
| Revenue growth | 34.3% | 65.5% |
| 5-year growth | 28.8% | 66.9% |
| Share count change | −0.1% | −1.2% |
| Profitability | ||
| Gross margin | 49.5% | 71.1% |
| Operating margin | 10.7% | 60.4% |
| Net margin | 12.5% | 55.6% |
| FCF margin | 19.4% | 44.8% |
| Return on capital | 6.7% | — |
| Return on equity | 7.2% | 101.5% |
| Balance sheet | ||
| Net debt | −$6.5B | — |
| Net debt / EBITDA | −1.0x | — |
| Dividends and buybacks | $1.3B | $41.1B |
| Valuation & quality | ||
| P/E | 132.9x | 26.7x |
| Piotroski F-score | 8 | 4 |
FY17
AMD $5.3B
NVDA $6.9B
FY18
AMD $6.5B
NVDA $9.7B
FY19
AMD $6.7B
NVDA $11.7B
FY20
AMD $9.8B
NVDA $10.9B
FY21
AMD $16.4B
NVDA $16.7B
FY22
AMD $23.6B
NVDA $26.9B
FY23
AMD $22.7B
NVDA $27.0B
FY24
AMD $25.8B
NVDA $60.9B
FY25
AMD $34.6B
NVDA $130.5B
FY26
AMD —
NVDA $215.9B
AMD
NVDA
FY17
AMD 2.4%
NVDA 28.0%
FY18
AMD 7.0%
NVDA 33.1%
FY19
AMD 9.4%
NVDA 32.5%
FY20
AMD 14.0%
NVDA 26.1%
FY21
AMD 22.2%
NVDA 27.2%
FY22
AMD 5.4%
NVDA 37.3%
FY23
AMD 1.8%
NVDA 15.7%
FY24
AMD 7.4%
NVDA 54.1%
FY25
AMD 10.7%
NVDA 62.4%
FY26
AMD —
NVDA 60.4%
AMD
NVDA
FY17
AMD −$101M
NVDA —
FY18
AMD −$129M
NVDA —
FY19
AMD $276M
NVDA —
FY20
AMD $777M
NVDA —
FY21
AMD $3.2B
NVDA —
FY22
AMD $3.1B
NVDA $8.1B
FY23
AMD $1.1B
NVDA $3.8B
FY24
AMD $2.4B
NVDA $27.0B
FY25
AMD $6.7B
NVDA $60.9B
FY26
AMD —
NVDA $96.7B
AMD
NVDA
FY17
AMD —
NVDA —
FY18
AMD 41.6%
NVDA 185.8%
FY19
AMD 36.5%
NVDA 121.6%
FY20
AMD 48.1%
NVDA 74.4%
FY21
AMD 77.7%
NVDA 57.1%
FY22
AMD 4.6%
NVDA 68.8%
FY23
AMD 0.8%
NVDA 23.4%
FY24
AMD 2.9%
NVDA 124.9%
FY25
AMD 6.7%
NVDA 198.2%
FY26
AMD —
NVDA —
AMD
NVDA
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.