NVDA
NVIDIA Corporation
NVDA's fundamentals are strong and it looks cheap: trading at 21x earnings, about a third of its usual 65x. Analysts expect strong earnings growth.
TCX
Tucows Inc.
There isn't enough reported data to score TCX yet.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
TCX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
TCX's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
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's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
TCX PE Valuation
TCX has no meaningful PE right now: it lost money over the past year.
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.
TCX Forward outlook
There aren't enough analyst estimates for TCX to show an outlook.
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 TCX on earnings quality, reporting a profit while its opponent remains loss making.
TCX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$6.38 | +$2.35 |
| Q2 2026 | -$7.54 | +$1.14 |
| Q1 2026 | -$7.11 | +$1.86 |
| Q4 2025 | -$6.85 | +$3.17 |
| Q3 2025 | -$8.73 | -$0.45 |
| Q2 2025 | -$8.68 | -$0.34 |
| Q1 2025 | -$8.97 | +$0.53 |
| Q4 2024 | -$10.02 | -$1.17 |
TCX is still losing money, but less than at its worst: $6.38 per share over the past year, against $10.02 at its worst in late 2024.
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 TCX 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 TCX on profitability, with a higher operating margin.
TCX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100M | +1.4% |
| Q2 2026 | $100.6M | +2.1% |
| Q1 2026 | $96.7M | +2.2% |
| Q4 2025 | $98.7M | +6% |
| Q3 2025 | $98.6M | +6.8% |
| Q2 2025 | $98.5M | +10% |
| Q1 2025 | $94.6M | +8.2% |
| Q4 2024 | $93.1M | +7.1% |
TCX's revenue has grown year over year for 14 quarters in a row: $100M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.3% | +10 points |
| Q2 2026 | -5.4% | -2.5 points |
| Q1 2026 | -4.5% | -2.3 points |
| Q4 2025 | -9.1% | +23 points |
| Q3 2025 | -9.7% | +1.2 points |
| Q2 2025 | -2.9% | +6.7 points |
| Q1 2025 | -2.1% | +17 points |
| Q4 2024 | -32% | -14 points |
TCX's operating margin was 0.3% last quarter, up 10 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 TCX on cash generation, producing positive trailing cash flow while its opponent burns cash.
TCX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.7M | -$7.4M |
| Q2 2026 | -$3.1M | -201% |
| Q1 2026 | -$2M | +$14.7M |
| Q4 2025 | -$7M | +$9.5M |
| Q3 2025 | -$2.3M | +$16.8M |
| Q2 2025 | $3.1M | +$23.8M |
| Q1 2025 | -$16.7M | +$3.3M |
| Q4 2024 | -$16.5M | -$10.9M |
TCX has burned cash in most quarters: −$22M over the past year, against −$32M 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 the edge over TCX on shareholder dilution, with a more favorable share count trend.
| 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.
TCX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +33.4K shares |
| 1 year | +0.9% | +103K shares |
| 3 years | +2.8% | +308K shares |
| 5 years | +3.4% | +363K shares |
| Available history | +3.8% | +409K shares |
TCX has 11M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $164,000 |
| Q1 2020 | $3.1M |
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.
TCX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | 102.8x | High |
| Q4 2020 | 15.4x | High |
| Q3 2020 | 5.7x | High |
| Q2 2020 | 4.1x | High |
| Q1 2020 | 3.4x | Elevated |
| Q4 2019 | 3.2x | Elevated |
TCX's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.4 years a year ago.
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).
TCX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 48.9 | Neutral |
TCX's weekly RSI is 50 (neutral) and its Stochastic is 49 (neutral).
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
TCX PE vs Technology Sector
| Metric | TCX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TCX has no meaningful PE right now: it lost money over the past year.
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.
TCX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 14% above |
| 20 week MA | $11.2 | 10% above |
| 50 week MA | $15.4 | 20% below |
| 100 week MA | $16.9 | 27% below |
| 200 week MA | $19.7 | 37% below |
TCX 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 has the edge over TCX on returns for 2026, with the stronger performance.
TCX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.9 | $72.9 | +18% |
| 2021 | $72.9 | $84.0 | +15% |
| 2022 | $84.0 | $32.3 | -62% |
| 2023 | $32.3 | $27.0 | -16% |
| 2024 | $27.0 | $16.3 | -40% |
| 2025 | $16.3 | $22.4 | +37% |
| 2026 YTD | $22.4 | $12.3 | -45% |
TCX has finished lower in three of the last six years. It's down 45% so far in 2026.