How Does NVIDIA Stock Stack Up Against Its Peers?
NVIDIA’s stock has underperformed its peers over the past year, but how does the market leader truly measure up against AMD, MU, STX, WDC, and AMBA scaling in the AI and data-center boom? A closer look reveals exceptionally strong profitability and rapid revenue growth. While its valuation is premium, sustaining such robust growth on its massive scale may temper further outsized returns.
- NVDA’s 58.1% operating margin, highest among peers, reflects its AI chip dominance and strong pricing power.
- NVDA’s 71.6% revenue growth, outpacing peers, underscores surging AI demand and its market leadership.
- NVDA’s 23.9% stock gain and 50.8 PE reflect high future growth expectations, though peers saw stronger returns.
Here’s how NVIDIA stacks up across size, valuation, and profitability versus key peers.
| NVDA | AMD | MU | STX | WDC | AMBA | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 4,401.5 | 335.0 | 225.9 | 51.7 | 49.1 | 3.5 |
| Revenue ($ Bil) | 165.2 | 32.0 | 37.4 | 9.1 | 13.3 | 0.3 |
| PE Ratio | 50.8 | 101.3 | 26.5 | 35.2 | 26.3 | -40.0 |
| LTM Revenue Growth | 71.6% | 31.8% | 48.9% | 38.9% | 39.2% | 57.9% |
| LTM Operating Margin | 58.1% | 9.4% | 26.2% | 21.1% | 21.1% | -28.4% |
| LTM FCF Margin | 43.6% | 17.0% | 4.5% | 9.0% | 9.6% | 10.6% |
| 12M Market Return | 23.9% | 49.7% | 105.6% | 151.3% | 194.7% | 41.1% |
For more details on NVIDIA, read Buy or Sell NVDA Stock. Below we compare NVDA’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NVDA | 71.6% | 114.2% | 125.9% | 0.2% | |
| AMD | 31.8% | – | 13.7% | -3.9% | 43.6% |
| MU | 48.9% | 48.9% | 61.6% | -49.5% | |
| STX | 38.9% | 38.9% | -11.3% | -36.7% | |
| WDC | 39.2% | 50.7% | 1.0% | -66.7% | |
| AMBA | 57.9% | 25.8% | -32.9% | 1.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NVDA | 58.1% | 62.4% | 54.1% | 20.7% | |
| AMD | 9.4% | – | 8.1% | 1.8% | 5.4% |
| MU | 26.2% | 26.2% | 5.2% | -34.8% | |
| STX | 21.1% | 21.1% | 6.4% | 0.8% | |
| WDC | 21.1% | 22.4% | 1.5% | -6.4% | |
| AMBA | -28.4% | -44.4% | -68.2% | -22.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NVDA | 50.8 | 45.2 | 41.1 | 83.2 | |
| AMD | 101.3 | – | 119.2 | 278.6 | 76.6 |
| MU | 26.5 | 11.0 | 121.2 | -9.4 | |
| STX | 35.2 | 12.5 | 53.3 | -20.6 | |
| WDC | 26.3 | 11.1 | -21.4 | -6.0 | |
| AMBA | -40.0 | -25.7 | -14.4 | -48.2 |
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