KD
Kyndryl Holdings, Inc.
KD's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over KD overall, supported by stronger modeled upside and stronger valuation.
KD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Under pressure |
KD's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
KD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.1x | $17.06 | — |
| Cheap | 14x | $4.73 | -72% |
| Fair | 25x | $8.67 | -49% |
| Expensive | 40x | $14.14 | -17% |
| Current | 49x | $17.06 | — |
Historical ranges are pointers, not guarantees.
KD's PE is in its expensive range at 49x. If earnings grow as analysts expect, today's price would be 6.1x next year's earnings, in its cheap range.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over KD in the historical PE scenario, which offers more potential upside but is not a forecast.
KD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect KD's earnings to grow and its profitability to improve, with its revenue holding steady.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
KD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.78 | +693% |
| Q3 2026 | $0.35 | -80% |
| Q2 2026 | $0.37 | -70% |
| Q1 2026 | $0.85 | -19% |
| Q4 2025 | $1.07 | +91% |
| Q3 2025 | $1.71 | +$2.09 |
| Q2 2025 | $1.23 | +$2.04 |
| Q1 2025 | $1.05 | +$2.53 |
| Q4 2024 | $0.56 | +$5.09 |
KD's earnings per share have fallen from their peak: $0.35 over the past year, against $1.71 in late 2025.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over KD on earnings, with more consistent year-over-year improvement.
KD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.7B | -1.9% |
| Q2 2026 | $3.6B | -3.3% |
| Q1 2026 | $3.8B | -0.8% |
| Q4 2025 | $3.9B | +3.1% |
| Q3 2025 | $3.7B | -1.4% |
| Q2 2025 | $3.7B | +0.1% |
| Q1 2025 | $3.8B | -1.3% |
| Q4 2024 | $3.7B | -4.9% |
KD's revenue fell from its 2020 peak and has held roughly level since: $3.7B last quarter, down 1.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.1% | +0.4 points |
| Q2 2026 | -1.9% | -4.4 points |
| Q1 2026 | 3.5% | +0.4 points |
| Q4 2025 | 2.4% | -4.5 points |
| Q3 2025 | 2.6% | +2.8 points |
| Q2 2025 | 2.5% | +0.8 points |
| Q1 2025 | 3.1% | +3.2 points |
| Q4 2024 | 6.9% | +5.5 points |
KD's operating margin was 3.1% last quarter, about level with the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over KD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over KD on profitability, with a higher operating margin.
KD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$41M | -341% |
| Q2 2026 | -$459M | -$192M |
| Q1 2026 | $382M | +12% |
| Q4 2025 | $208M | +38% |
| Q3 2025 | $17M | +13% |
| Q2 2025 | -$267M | -$97M |
| Q1 2025 | $341M | +$398M |
| Q4 2024 | $151M | -42% |
KD usually generates cash, though not every quarter: the latest was −$41M, but it generated $90M over the past year.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over KD on cash flow, with more consistent year-over-year improvement.
KD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -1.5M shares |
| 1 year | -7.1% | -16.8M shares |
| 3 years | -4.4% | -10M shares |
| 5 years | -2.2% | -5M shares |
| Available history | -2.2% | -4.8M shares |
KD has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $33M |
| Q2 2026 | $64M |
| Q1 2026 | $54M |
| Q4 2025 | $99M |
| Q3 2025 | $89M |
| Q2 2025 | $62M |
| Q1 2025 | $63M |
| Q2 2021 | — |
KD spent $250M buying back its own shares over the past year.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has 24.3B diluted shares, down 1% from a year ago, with $55.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
KD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.9x | Moderate |
| Q2 2026 | 3.5x | Elevated |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.4x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.6x | Healthy |
KD's net debt is about 2.9 years of its operating earnings (EBITDA), up from 1.3 years a year ago.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA has the edge over KD on leverage, with a lower net debt burden relative to earnings.
KD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.0 | Neutral |
| Stochastic | 76.4 | Neutral |
KD's weekly RSI is 63 (neutral) and its Stochastic is 76 (neutral).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
KD PE vs Technology Sector
| Metric | KD | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 28x | 75% above |
| PE % | 86 | 46 | 40 pts above |
KD is trading at 49x earnings, a 75% premium to the Technology sector's median of 28x.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA has the edge over KD on valuation relative to its sector.
KD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.8 | 24% above |
| 20 week MA | $13.2 | 30% above |
| 50 week MA | $15.4 | 11% above |
| 100 week MA | $24.8 | 31% below |
| 200 week MA | $22.3 | 23% below |
KD has the edge over NVDA on trend strength, trading above more of its moving averages.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
KD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $40.8 | $19.1 | -53% |
| 2022 | $19.1 | $11.0 | -42% |
| 2023 | $11.0 | $20.8 | +88% |
| 2024 | $20.8 | $34.8 | +68% |
| 2025 | $34.8 | $27.2 | -22% |
| 2026 YTD | $27.2 | $17.1 | -37% |
KD has finished lower in three of the last five years. It's down 37% so far in 2026.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over KD on returns for 2026, with the stronger performance.