NVDA
NVIDIA Corporation
NVDA has the edge over VTEX overall, supported by stronger modeled upside and stronger valuation.
VTEX
Vtex
VTEX'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.
VTEX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
VTEX's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 VTEX in the historical PE scenario, which offers more potential upside but is not a forecast.
VTEX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $3.94 | — |
| Current | 23x | $3.94 | — |
| Cheap | 29x | $4.99 | +27% |
| Fair | 72x | $12.19 | +209% |
| Expensive | 137x | $23.24 | +490% |
Historical ranges are pointers, not guarantees.
VTEX's PE is in its cheap range at 23x. If earnings grow as analysts expect, today's price would be 18x 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.
VTEX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
VTEX 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's earnings per share have climbed steadily: $7.91 over the past year, up 125% from the year before, and higher year over year for 13 quarters in a row.
VTEX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.22 | +31% |
| Q2 2026 | $0.17 | +143% |
| Q1 2026 | $0.13 | +63% |
| Q4 2025 | $0.11 | +83% |
| Q3 2025 | $0.09 | +80% |
| Q2 2025 | $0.07 | +250% |
| Q1 2025 | $0.08 | +$0.12 |
| Q4 2024 | $0.06 | +$0.13 |
| Q3 2024 | $0.05 | +$0.14 |
VTEX's earnings per share have climbed steadily: $0.17 over the past year, up 143% from the year before, and higher year over year for 15 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 VTEX 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 VTEX on profitability, with a higher operating margin.
VTEX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $64.4M | +9.5% |
| Q1 2026 | $60.7M | +12% |
| Q4 2025 | $68M | +10% |
| Q3 2025 | $59.6M | +6.5% |
| Q2 2025 | $58.8M | +4% |
| Q1 2025 | $54.2M | +2.9% |
| Q4 2024 | $61.5M | +1.3% |
| Q3 2024 | $56M | +11% |
VTEX's revenue has grown year over year every quarter since early 2021: $64M last quarter, up 9.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 15% | +10 points |
| Q1 2026 | 10% | +11 points |
| Q4 2025 | 17% | +4.9 points |
| Q3 2025 | 7% | +1.9 points |
| Q2 2025 | 5% | +3.5 points |
| Q1 2025 | -0.4% | +4.4 points |
| Q4 2024 | 12% | +2.2 points |
| Q3 2024 | 5.1% | +12 points |
VTEX's operating margin was 15% 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's free cash flow has been positive every quarter for six years: $127B over the past year, up 76% from the year before.
VTEX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $13.3M | +86% |
| Q1 2026 | $13.3M | +100% |
| Q4 2025 | $11.1M | -11% |
| Q3 2025 | $7.5M | -9.4% |
| Q2 2025 | $7.1M | +141% |
| Q1 2025 | $6.6M | +325% |
| Q4 2024 | $12.4M | +31% |
| Q3 2024 | $8.3M | +210% |
VTEX generated $45M in free cash flow over the past year, up 31% 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.
VTEX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -8.9% | -16.6M shares |
| 3 years | -8.7% | -16.2M shares |
| 5 years | -8.8% | -16.4M shares |
| Available history | -8.8% | -16.4M shares |
VTEX has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $23.8M |
| Q1 2026 | $9.7M |
| Q4 2025 | $21.3M |
| Q3 2025 | $18.9M |
| Q2 2025 | $3.9M |
| Q1 2025 | $15.1M |
| Q4 2024 | $11.2M |
| Q3 2024 | — |
VTEX spent $74M buying back its own shares over the past year, up 145% from 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.
VTEX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -0.8x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
| Q3 2024 | -0.7x | Net Cash |
VTEX 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).
VTEX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.7 | Neutral |
| Stochastic | 47.1 | Neutral |
VTEX's weekly RSI is 52 (neutral) and its Stochastic is 47 (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 VTEX on valuation relative to its sector.
VTEX PE vs Technology Sector
| Metric | VTEX | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 28x | 17% below |
| PE % | 0 | 44 | 44 pts below |
VTEX is trading at 23x earnings, a 17% discount 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.
VTEX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.94 | 0% above |
| 20 week MA | $3.91 | 0.8% above |
| 50 week MA | $3.76 | 4.8% above |
| 100 week MA | $4.52 | 13% below |
| 200 week MA | $5.30 | 26% below |
VTEX 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.
VTEX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $25.4 | $11.7 | -54% |
| 2022 | $11.7 | $3.42 | -71% |
| 2023 | $3.42 | $6.88 | +101% |
| 2024 | $6.88 | $5.75 | -16% |
| 2025 | $5.75 | $3.71 | -35% |
| 2026 YTD | $3.71 | $3.94 | +6.2% |
VTEX has the edge over NVDA on returns for 2026, with the stronger performance.