NVDA
NVIDIA Corporation
NVDA has the edge over RDWR overall, supported by stronger modeled upside and stronger valuation.
RDWR
Radware Ltd.
RDWR's outlook is improving, though it still trails on the overall score.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
RDWR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Strong |
RDWR's revenue, cash flow and balance sheet are currently healthy, and its profitability is stable.
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 RDWR in the historical PE scenario, which offers more potential upside but is not a forecast.
RDWR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $31.82 | — |
| Cheap | 57x | $17.64 | -45% |
| Fair | 86x | $26.73 | -16% |
| Current | 103x | $31.82 | — |
| Expensive | 142x | $43.95 | +38% |
Historical ranges are pointers, not guarantees.
RDWR's PE is in its fair range at 103x. If earnings grow as analysts expect, today's price would be 23x next year's earnings, in its cheap range.
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.
RDWR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
RDWR has the edge over NVDA on the outlook, with more favorable profitability expectations.
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 RDWR on earnings, with more consistent year-over-year improvement.
RDWR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.36 | +338% |
| Q3 2026 | $0.31 | -18% |
| Q2 2026 | $0.38 | +19% |
| Q1 2026 | $0.43 | +59% |
| Q4 2025 | $0.45 | +221% |
| Q3 2025 | $0.38 | +$0.44 |
| Q2 2025 | $0.32 | +$0.61 |
| Q1 2025 | $0.27 | +$0.73 |
| Q4 2024 | $0.14 | +$0.64 |
RDWR's earnings per share have fallen from their peak: $0.31 over the past year, against $0.47 in late 2019.
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 RDWR on sales, with stronger typical year-over-year growth.
| 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 RDWR on profitability, with a higher operating margin.
RDWR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $84.4M | +12% |
| Q2 2026 | $82.3M | +11% |
| Q1 2026 | $79.8M | +11% |
| Q4 2025 | $80.2M | +9.9% |
| Q3 2025 | $75.3M | +8.4% |
| Q2 2025 | $74.2M | +10% |
| Q1 2025 | $72.1M | +11% |
| Q4 2024 | $73M | +12% |
RDWR's revenue has grown year over year for 10 quarters in a row: $84M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.6% | -1.7 points |
| Q2 2026 | 3% | -0.8 points |
| Q1 2026 | 6% | +3.8 points |
| Q4 2025 | 4.9% | +3.5 points |
| Q3 2025 | 4.3% | +4.3 points |
| Q2 2025 | 3.8% | +5.6 points |
| Q1 2025 | 2.2% | +7.8 points |
| Q4 2024 | 1.4% | +13 points |
RDWR's operating margin was 2.6% last quarter, down 1.7 points from the same quarter a year ago.
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 RDWR on cash flow, with more consistent year-over-year improvement.
RDWR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $10.1M | +$15M |
| Q2 2026 | $9.1M | -24% |
| Q1 2026 | $15M | -30% |
| Q4 2025 | $14.5M | +24% |
| Q3 2025 | -$5M | -137% |
| Q2 2025 | $12M | -45% |
| Q1 2025 | $21.3M | +10% |
| Q4 2024 | $11.7M | +581% |
RDWR generated $49M in free cash flow over the past year, up 21% from the year before.
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.
RDWR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -141K shares |
| 1 year | -3.1% | -1.4M shares |
| 3 years | +3% | +1.3M shares |
| 5 years | -8.6% | -4.1M shares |
| Available history | -9.8% | -4.8M shares |
RDWR has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $12.7M |
| Q2 2026 | $18.8M |
| Q1 2026 | $29.4M |
| Q4 2025 | $10.5M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $3,169 |
RDWR spent $71M buying back its own shares over the past year, more than ten times what it spent the year before.
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's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
RDWR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.7x | Net Cash |
| Q2 2026 | -1.8x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -3.1x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
RDWR has the edge over NVDA on leverage, with a lower net debt burden relative to earnings.
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).
RDWR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 49.6 | Neutral |
RDWR's weekly RSI is 55 (neutral) and its Stochastic is 50 (neutral).
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 RDWR on valuation relative to its sector.
RDWR PE vs Technology Sector
| Metric | RDWR | Sector median | Relative |
|---|---|---|---|
| PE | 103x | 28x | 268% above |
| PE % | 61 | 35 | 26 pts above |
RDWR is trading at 103x earnings, a 268% premium to the Technology sector's median of 28x.
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.
RDWR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.7 | 3.6% above |
| 20 week MA | $29.6 | 7.5% above |
| 50 week MA | $27.3 | 16% above |
| 100 week MA | $25.8 | 23% above |
| 200 week MA | $22.5 | 41% above |
RDWR has the edge over NVDA on trend strength, trading above more of its moving averages.
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's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.
RDWR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.8 | $27.2 | +5.4% |
| 2021 | $27.2 | $38.3 | +41% |
| 2022 | $38.3 | $19.5 | -49% |
| 2023 | $19.5 | $16.7 | -14% |
| 2024 | $16.7 | $23.2 | +39% |
| 2025 | $23.2 | $24.4 | +5% |
| 2026 YTD | $24.4 | $31.8 | +31% |
RDWR has the edge over NVDA on returns for 2026, with the stronger performance.