How Does Broadcom Stock Stack Up Against Its Peers?
Broadcom’s (AVGO) stock has shown strong performance over the past year, with a 47% market return. However, as of January 6, 2026, how does it truly measure up against peers like NVIDIA (NVDA) and AMD (AMD) that are rapidly scaling in the AI and data center boom? A closer look reveals AVGO boasts exceptional profitability, marked by strong LTM operating (40.8%) and free cash flow (42.1%) margins, outperforming most peers. While its LTM revenue growth (23.8%) is solid, it trails some pure-play AI leaders in raw expansion. Nevertheless, Broadcom‘s critical role in custom AI accelerators and networking for hyperscalers supports its elevated P/E ratio (70.4x), suggesting more moderate upside given its current premium valuation, even as it remains an indispensable player in the AI ecosystem.
- AVGO’s 40.8% operating margin, boosted by software and custom AI accelerators, trails NVDA’s 58.8% from AI chip dominance.
- AVGO’s 23.9% revenue growth, fueled by AI networking/software, trails NVDA, MRVL, and AMD due to their aggressive AI/data center expansion.
- AVGO’s 46.7% stock gain, on AI/software growth, yielded a 70.4 PE, reflecting high expectations despite AMD’s stronger AI-driven returns.
Here’s how Broadcom stacks up across size, valuation, and profitability versus key peers.
| AVGO | NVDA | QCOM | MRVL | AMD | TXN | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 1,627.1 | 4,555.0 | 196.7 | 75.5 | 348.5 | 174.6 |
| Revenue ($ Bil) | 63.9 | 187.1 | 44.3 | 7.8 | 32.0 | 17.3 |
| PE Ratio | 70.4 | 45.9 | 35.5 | 30.5 | 105.4 | 34.6 |
| LTM Revenue Growth | 23.9% | 65.2% | 13.7% | 45.0% | 31.8% | 9.9% |
| LTM Operating Margin | 40.8% | 58.8% | 28.0% | 14.7% | 9.4% | 34.8% |
| LTM FCF Margin | 42.1% | 41.3% | 28.9% | 20.2% | 17.0% | 12.0% |
| 12M Market Return | 46.7% | 25.3% | 16.7% | -25.6% | 65.5% | 3.2% |
For more details on Broadcom, read Buy or Sell AVGO Stock. Below we compare AVGO’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| AVGO | 23.9% | 23.9% | 44.0% | 7.9% | |
| NVDA | 65.2% | 114.2% | 125.9% | 0.2% | |
| QCOM | 13.7% | 13.7% | 8.8% | -19.0% | |
| MRVL | 45.0% | 4.7% | -7.0% | 32.7% | |
| AMD | 31.8% | – | 13.7% | -3.9% | 43.6% |
| TXN | 9.9% | – | -10.7% | -12.5% | 9.2% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| AVGO | 40.8% | 40.8% | 29.1% | 45.9% | |
| NVDA | 58.8% | 62.4% | 54.1% | 20.7% | |
| QCOM | 28.0% | 28.0% | 26.3% | 24.1% | |
| MRVL | 14.7% | -6.4% | -7.9% | 6.1% | |
| AMD | 9.4% | – | 8.1% | 1.8% | 5.4% |
| TXN | 34.8% | – | 34.1% | 41.8% | 51.9% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| AVGO | 70.4 | 70.5 | 181.9 | 32.9 | |
| NVDA | 45.9 | 62.8 | 111.4 | 282.0 | |
| QCOM | 35.5 | 33.8 | 16.9 | 22.3 | |
| MRVL | 30.5 | -83.1 | -101.9 | -314.1 | |
| AMD | 105.4 | – | 211.4 | 228.3 | 174.3 |
| TXN | 34.6 | – | 33.0 | 26.2 | 17.8 |
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