How Does NVIDIA Stock Stack Up Against Its Peers?
NVIDIA‘s stock has notably underperformed most peers over the past year. But how does NVDA truly measure up against rivals rapidly scaling in the AI and data-center boom? A closer look reveals industry-leading profitability with exceptional operating and free cash flow margins, and robust revenue growth. However, its premium valuation relative to most peers, despite impressive fundamentals, suggests that sustaining its market lead is pivotal to justify its price, especially if competitors gain traction or AI infrastructure spending slows.
- NVDA’s 58.8% operating margin, highest among peers, reflects its dominant pricing power in the booming AI chip market.
- NVDA’s 65.2% revenue growth, outpacing all peers, signals surging AI accelerator demand and its market leadership.
- NVDA’s 31.4% stock gain and 45.8 PE, despite peers’ stronger returns, reflect high future AI growth expectations.
Here’s how NVIDIA stacks up across size, valuation, and profitability versus key peers.
| NVDA | AMD | MU | STX | WDC | AMBA | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 4,538.9 | 337.5 | 266.5 | 61.4 | 60.2 | 3.5 |
| Revenue ($ Bil) | 187.1 | 32.0 | 37.4 | 9.1 | 13.3 | 0.4 |
| PE Ratio | 45.8 | 79.6 | 22.0 | 34.5 | 22.5 | -44.4 |
| LTM Revenue Growth | 65.2% | 31.8% | 48.9% | 38.9% | 39.2% | 48.1% |
| LTM Operating Margin | 58.8% | 9.4% | 26.2% | 21.1% | 21.1% | -23.9% |
| LTM FCF Margin | 41.3% | 17.0% | 4.5% | 9.0% | 9.6% | 17.2% |
| 12M Market Return | 31.4% | 63.6% | 132.7% | 203.2% | 254.7% | 1.8% |
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 | 65.2% | 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 | 48.1% | 25.8% | -32.9% | 1.7% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NVDA | 58.8% | 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 | -23.9% | -44.4% | -68.2% | -22.0% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| NVDA | 45.8 | 45.2 | 41.1 | 83.2 | |
| AMD | 79.6 | – | 119.2 | 278.6 | 76.6 |
| MU | 22.0 | 11.0 | 121.2 | -9.4 | |
| STX | 34.5 | 12.5 | 53.3 | -20.6 | |
| WDC | 22.5 | 11.1 | -21.4 | -6.0 | |
| AMBA | -44.4 | -25.7 | -14.4 | -48.2 |
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