NVDA
NVIDIA Corporation
NVDA has the edge over ZM overall, supported by stronger modeled upside and stronger valuation.
ZM
Zoom Communications, Inc.
ZM trails on the overall score without a compensating advantage in the available component scores.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
ZM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
ZM's profitability, cash flow and balance sheet are currently strong, and its revenue 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 ZM in the historical PE scenario, which offers more potential upside but is not a forecast.
ZM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.1x | $97.70 | — |
| Forward | 16x | $97.70 | — |
| Cheap | 21x | $230 | +135% |
| Fair | 31x | $334 | +242% |
| Expensive | 538x | $5,801 | +5838% |
Historical ranges are pointers, not guarantees.
ZM's PE is in its cheap range at 9.1x. On analysts' estimates for next year's earnings, today's price would be 16x.
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.
ZM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect ZM's earnings to grow, with its revenue and profitability holding steady.
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 ZM on earnings, with stronger typical year-over-year growth.
ZM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.22 | -42% |
| Q3 2026 | $10.78 | +184% |
| Q2 2026 | $6.79 | +104% |
| Q1 2026 | $6.18 | +93% |
| Q4 2025 | $5.14 | +70% |
| Q3 2025 | $3.79 | +34% |
| Q2 2025 | $3.33 | +23% |
| Q1 2025 | $3.21 | +55% |
| Q4 2024 | $3.03 | +304% |
ZM's earnings per share have climbed steadily: $10.78 over the past year, up 184% from the year before, and higher year over year for 11 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 ZM 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 ZM on profitability, with a higher operating margin.
ZM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +4.9% |
| Q2 2026 | $1.2B | +5.5% |
| Q1 2026 | $1.2B | +5.3% |
| Q4 2025 | $1.2B | +4.4% |
| Q3 2025 | $1.2B | +4.7% |
| Q2 2025 | $1.2B | +2.9% |
| Q1 2025 | $1.2B | +3.3% |
| Q4 2024 | $1.2B | +3.6% |
ZM's revenue has grown year over year every quarter since late 2020: $1.3B last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -1.8 points |
| Q2 2026 | 25% | +4.5 points |
| Q1 2026 | 20% | +1 points |
| Q4 2025 | 25% | +9.7 points |
| Q3 2025 | 26% | +9 points |
| Q2 2025 | 21% | +2.8 points |
| Q1 2025 | 19% | +4.3 points |
| Q4 2024 | 16% | +0.6 points |
ZM's operating margin was 25% last quarter, down 1.8 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 ZM on cash flow, with more consistent year-over-year improvement.
ZM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $472.4M | -7% |
| Q2 2026 | $500.5M | +8% |
| Q1 2026 | $338.4M | -19% |
| Q4 2025 | $614.3M | +34% |
| Q3 2025 | $508M | +39% |
| Q2 2025 | $463.4M | -19% |
| Q1 2025 | $416.2M | +25% |
| Q4 2024 | $457.7M | +1% |
ZM's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 4.4% 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.
ZM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -487K shares |
| 1 year | -2.8% | -8.5M shares |
| 3 years | -2% | -6.2M shares |
| 5 years | -2% | -6.1M shares |
| Available history | +2.4% | +7M shares |
ZM has the edge over NVDA on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $360.5M |
| Q2 2026 | $361.7M |
| Q1 2026 | $323.7M |
| Q4 2025 | $413.7M |
| Q3 2025 | $465.3M |
| Q2 2025 | $418M |
| Q1 2025 | $354.6M |
| Q4 2024 | $301.6M |
ZM spent $1.5B buying back its own shares over the past year, down 5.2% 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.
ZM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.0x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
ZM 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).
ZM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 35.2 | Neutral |
ZM's weekly RSI is 53 (neutral) and its Stochastic is 35 (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.
ZM PE vs Technology Sector
| Metric | ZM | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 28x | 67% below |
| PE % | 2 | 35 | 33 pts below |
ZM has the edge over NVDA on valuation relative to its sector.
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.
ZM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $94.2 | 3.7% above |
| 20 week MA | $95.4 | 2.4% above |
| 50 week MA | $91.5 | 6.8% above |
| 100 week MA | $85.4 | 14% above |
| 200 week MA | $76.6 | 28% above |
ZM 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.
ZM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $66.6 | $375.2 | +463% |
| 2021 | $375.2 | $191.7 | -49% |
| 2022 | $191.7 | $65.9 | -66% |
| 2023 | $65.9 | $71.9 | +9.1% |
| 2024 | $71.9 | $83.8 | +17% |
| 2025 | $83.8 | $88.0 | +5% |
| 2026 YTD | $88.0 | $97.7 | +11% |
ZM has the edge over NVDA on returns for 2026, with the stronger performance.