NVDA
NVIDIA Corporation
NVDA has the edge over UI overall, supported by stronger valuation and stronger modeled upside.
UI
Ubiquiti Inc.
UI'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.
UI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
UI's revenue, profitability, cash flow and balance sheet are all currently strong.
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 UI in the historical PE scenario, which offers more potential upside but is not a forecast.
UI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 27x | $475 | -31% |
| Forward | 34x | $683 | — |
| Fair | 36x | $634 | -7.2% |
| Current | 39x | $683 | — |
| Expensive | 48x | $858 | +26% |
Historical ranges are pointers, not guarantees.
UI's PE is in its fair range at 39x. If earnings grow as analysts expect, today's price would be 34x next year's earnings.
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.
UI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
UI 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 UI on earnings, with stronger typical year-over-year growth.
UI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.37 | +15% |
| Q3 2026 | $17.71 | +36% |
| Q2 2026 | $15.85 | +35% |
| Q1 2026 | $15.55 | +71% |
| Q4 2025 | $14.67 | +99% |
| Q3 2025 | $13.07 | +102% |
| Q2 2025 | $11.76 | +103% |
| Q1 2025 | $9.08 | +57% |
| Q4 2024 | $7.36 | +20% |
UI's earnings per share have climbed steadily: $17.71 over the past year, up 36% from the year before, and higher year over year for eight quarters in a row.
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 UI 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 UI on profitability, with a higher operating margin.
UI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +40% |
| Q2 2026 | $937.3M | +23% |
| Q1 2026 | $788.2M | +19% |
| Q4 2025 | $814.9M | +36% |
| Q3 2025 | $733.8M | +33% |
| Q2 2025 | $759.2M | +50% |
| Q1 2025 | $664.2M | +35% |
| Q4 2024 | $599.9M | +29% |
UI's revenue has grown year over year for 11 quarters in a row: $1B last quarter, up 40% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 38% | +2.5 points |
| Q2 2026 | 36% | +1.8 points |
| Q1 2026 | 37% | +2.7 points |
| Q4 2025 | 36% | +6.1 points |
| Q3 2025 | 36% | +4.9 points |
| Q2 2025 | 34% | +7.2 points |
| Q1 2025 | 34% | +12 points |
| Q4 2024 | 30% | +3.8 points |
UI's operating margin was 38% last quarter, up 2.5 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 UI on cash flow, with more consistent year-over-year improvement.
UI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $312.4M | +62% |
| Q2 2026 | $293.1M | +134% |
| Q1 2026 | $162.2M | +34% |
| Q4 2025 | $260.3M | +73% |
| Q3 2025 | $193.3M | -16% |
| Q2 2025 | $125.2M | -45% |
| Q1 2025 | $120.7M | -25% |
| Q4 2024 | $150.4M | +101% |
UI generated $1B in free cash flow over the past year, up 74% 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 the edge over UI 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.
UI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -6K shares |
| 1 year | 0% | +5K shares |
| 3 years | +0.2% | +113K shares |
| 5 years | -3.2% | -2M shares |
| Available history | -6.9% | -4.5M shares |
UI has 61M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15M |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $105.1M |
| Q1 2022 | $344.7M |
| Q4 2021 | $131.5M |
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.
UI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 0.4x | Very low |
UI 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).
UI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 62.6 | Neutral |
UI's weekly RSI is 57 (neutral) and its Stochastic is 63 (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 UI on valuation relative to its sector.
UI PE vs Technology Sector
| Metric | UI | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 38% above |
| PE % | 60 | 35 | 25 pts above |
UI is trading at 39x earnings, a 38% 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.
UI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $608.3 | 12% above |
| 20 week MA | $580.1 | 18% above |
| 50 week MA | $648.1 | 5.4% above |
| 100 week MA | $548.4 | 25% above |
| 200 week MA | $365.8 | 87% above |
UI 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.
UI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $189.4 | $273.0 | +44% |
| 2021 | $273.0 | $311.8 | +14% |
| 2022 | $311.8 | $271.6 | -13% |
| 2023 | $271.6 | $139.6 | -49% |
| 2024 | $139.6 | $340.8 | +144% |
| 2025 | $340.8 | $570.7 | +67% |
| 2026 YTD | $570.7 | $683.2 | +20% |
UI has the edge over NVDA on returns for 2026, with the stronger performance.