vs
Elevance Health（ELV）与英伟达（NVDA）财务数据对比。点击上方公司名可切换其他公司
英伟达的季度营收约是Elevance Health的1.4倍（$68.1B vs $49.7B），英伟达净利率更高（63.1% vs 1.1%，领先62.0%），英伟达同比增速更快（73.2% vs 1.8%），过去两年英伟达的营收复合增速更高（61.7% vs 6.5%）
Elevance Health是美国知名健康保险公司，2022年6月前名为Anthem, Inc.。按营收规模计算，该公司是全球第七大医疗保健企业，通过Anthem蓝十字蓝盾、加州Anthem蓝十字、Wellpoint、Carelon等附属机构，提供医疗、医药、牙科、精神健康、长期护理、残疾保险等多元服务。
英伟达是总部位于美国加利福尼亚州圣克拉拉的科技企业，1993年由黄仁勋、克里斯·马拉科夫斯基、柯蒂斯·普里姆联合创立。公司主营图形处理器（GPU）、系统级芯片（SoC）及应用程序接口（API）产品，覆盖数据科学、高性能计算、游戏、移动与车载应用等领域，是全球知名的头部科技企业之一。
ELV vs NVDA — 直观对比
营收规模更大
NVDA
是对方的1.4倍
$49.7B
营收增速更快
NVDA
高出71.5%
1.8%
净利率更高
NVDA
高出62.0%
1.1%
两年增速更快
NVDA
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $49.7B | $68.1B |
| 净利润 | $547.0M | $43.0B |
| 毛利率 | 88.9% | 75.0% |
| 营业利润率 | 0.6% | 65.0% |
| 净利率 | 1.1% | 63.1% |
| 营收同比 | 1.8% | 73.2% |
| 净利润同比 | -74.9% | 94.5% |
| 每股收益（稀释后） | $2.56 | $1.76 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ELVNVDA
| Q1 26 | $49.7B | $68.1B | ||
| Q4 25 | $49.7B | $57.0B | ||
| Q3 25 | $50.7B | $46.7B | ||
| Q2 25 | $49.8B | $44.1B | ||
| Q1 25 | $48.9B | $39.3B | ||
| Q4 24 | $45.4B | $35.1B | ||
| Q3 24 | $45.1B | $30.0B | ||
| Q2 24 | $43.9B | $26.0B |
净利润ELVNVDA
| Q1 26 | $547.0M | $43.0B | ||
| Q4 25 | $547.0M | $31.9B | ||
| Q3 25 | $1.2B | $26.4B | ||
| Q2 25 | $1.7B | $18.8B | ||
| Q1 25 | $2.2B | $22.1B | ||
| Q4 24 | $418.0M | $19.3B | ||
| Q3 24 | $1.0B | $16.6B | ||
| Q2 24 | $2.3B | $14.9B |
毛利率ELVNVDA
| Q1 26 | 88.9% | 75.0% | ||
| Q4 25 | 88.9% | 73.4% | ||
| Q3 25 | 89.4% | 72.4% | ||
| Q2 25 | 89.4% | 60.5% | ||
| Q1 25 | 89.8% | 73.0% | ||
| Q4 24 | 86.8% | 74.6% | ||
| Q3 24 | 88.7% | 75.1% | ||
| Q2 24 | 89.0% | 78.4% |
营业利润率ELVNVDA
| Q1 26 | 0.6% | 65.0% | ||
| Q4 25 | 0.6% | 63.2% | ||
| Q3 25 | 2.6% | 60.8% | ||
| Q2 25 | 4.9% | 49.1% | ||
| Q1 25 | 6.5% | 61.1% | ||
| Q4 24 | 1.5% | 62.3% | ||
| Q3 24 | 3.1% | 62.1% | ||
| Q2 24 | 6.3% | 64.9% |
净利率ELVNVDA
| Q1 26 | 1.1% | 63.1% | ||
| Q4 25 | 1.1% | 56.0% | ||
| Q3 25 | 2.3% | 56.5% | ||
| Q2 25 | 3.5% | 42.6% | ||
| Q1 25 | 4.5% | 56.2% | ||
| Q4 24 | 0.9% | 55.0% | ||
| Q3 24 | 2.3% | 55.3% | ||
| Q2 24 | 5.2% | 57.1% |
每股收益（稀释后）ELVNVDA
| Q1 26 | $2.56 | $1.76 | ||
| Q4 25 | $2.56 | $1.30 | ||
| Q3 25 | $5.32 | $1.08 | ||
| Q2 25 | $7.72 | $0.76 | ||
| Q1 25 | $9.61 | $-4.49 | ||
| Q4 24 | $1.88 | $0.78 | ||
| Q3 24 | $4.36 | $0.67 | ||
| Q2 24 | $9.85 | $5.98 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $9.5B | $10.6B |
| 总债务越低越好 | $31.9B | $8.5B |
| 股东权益账面价值 | $43.9B | $157.3B |
| 总资产 | $121.5B | $206.8B |
| 负债/权益比越低杠杆越低 | 0.73× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ELVNVDA
| Q1 26 | $9.5B | $10.6B | ||
| Q4 25 | $9.5B | $60.6B | ||
| Q3 25 | $8.7B | $56.8B | ||
| Q2 25 | $8.6B | $53.7B | ||
| Q1 25 | $7.5B | $43.2B | ||
| Q4 24 | $8.3B | $38.5B | ||
| Q3 24 | $7.9B | $34.8B | ||
| Q2 24 | $6.5B | $31.4B |
总债务ELVNVDA
| Q1 26 | $31.9B | $8.5B | ||
| Q4 25 | $31.9B | $8.5B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | — | $8.5B | ||
| Q1 25 | — | $8.5B | ||
| Q4 24 | $30.9B | $8.5B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $9.7B |
股东权益ELVNVDA
| Q1 26 | $43.9B | $157.3B | ||
| Q4 25 | $43.9B | $118.9B | ||
| Q3 25 | $44.0B | $100.1B | ||
| Q2 25 | $43.7B | $83.8B | ||
| Q1 25 | $42.5B | $79.3B | ||
| Q4 24 | $41.3B | $65.9B | ||
| Q3 24 | $43.8B | $58.2B | ||
| Q2 24 | $42.2B | $49.1B |
总资产ELVNVDA
| Q1 26 | $121.5B | $206.8B | ||
| Q4 25 | $121.5B | $161.1B | ||
| Q3 25 | $122.7B | $140.7B | ||
| Q2 25 | $121.9B | $125.3B | ||
| Q1 25 | $119.7B | $111.6B | ||
| Q4 24 | $116.9B | $96.0B | ||
| Q3 24 | $116.5B | $85.2B | ||
| Q2 24 | $113.0B | $77.1B |
负债/权益比ELVNVDA
| Q1 26 | 0.73× | 0.05× | ||
| Q4 25 | 0.73× | 0.07× | ||
| Q3 25 | — | 0.08× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | 0.75× | 0.13× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.20× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $36.2B |
| 自由现金流经营现金流 - 资本支出 | — | $34.9B |
| 自由现金流率自由现金流/营收 | — | 51.2% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | — | 0.84× |
| 过去12个月自由现金流最近4个季度 | — | $96.7B |
8季度趋势，按日历期对齐
经营现金流ELVNVDA
| Q1 26 | — | $36.2B | ||
| Q4 25 | $84.0M | $23.8B | ||
| Q3 25 | $1.1B | $15.4B | ||
| Q2 25 | $2.1B | $27.4B | ||
| Q1 25 | $1.0B | $16.6B | ||
| Q4 24 | $706.0M | $17.6B | ||
| Q3 24 | $2.7B | $14.5B | ||
| Q2 24 | $447.0M | $15.3B |
自由现金流ELVNVDA
| Q1 26 | — | $34.9B | ||
| Q4 25 | $-209.0M | $22.1B | ||
| Q3 25 | $775.0M | $13.5B | ||
| Q2 25 | $1.8B | $26.2B | ||
| Q1 25 | $821.0M | $15.6B | ||
| Q4 24 | $384.0M | $16.8B | ||
| Q3 24 | $2.3B | $13.5B | ||
| Q2 24 | $124.0M | $15.0B |
自由现金流率ELVNVDA
| Q1 26 | — | 51.2% | ||
| Q4 25 | -0.4% | 38.8% | ||
| Q3 25 | 1.5% | 28.8% | ||
| Q2 25 | 3.6% | 59.4% | ||
| Q1 25 | 1.7% | 39.5% | ||
| Q4 24 | 0.8% | 47.9% | ||
| Q3 24 | 5.2% | 45.0% | ||
| Q2 24 | 0.3% | 57.5% |
资本支出强度ELVNVDA
| Q1 26 | — | 1.9% | ||
| Q4 25 | 0.6% | 2.9% | ||
| Q3 25 | 0.7% | 4.1% | ||
| Q2 25 | 0.5% | 2.8% | ||
| Q1 25 | 0.4% | 2.7% | ||
| Q4 24 | 0.7% | 2.3% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | 0.7% | 1.4% |
现金转化率ELVNVDA
| Q1 26 | — | 0.84× | ||
| Q4 25 | 0.15× | 0.74× | ||
| Q3 25 | 0.95× | 0.58× | ||
| Q2 25 | 1.18× | 1.46× | ||
| Q1 25 | 0.47× | 0.75× | ||
| Q4 24 | 1.69× | 0.91× | ||
| Q3 24 | 2.63× | 0.87× | ||
| Q2 24 | 0.19× | 1.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ELV
暂无分部数据
NVDA
| Compute | $51.3B | 75% |
| Networking | $11.0B | 16% |
| Gaming | $3.7B | 5% |
| Professional Visualization | $1.3B | 2% |
| Automotive | $604.0M | 1% |
| OEM And Other | $161.0M | 0% |
| Inventory Purchase Obligations In Excess Of Projections | $31.0M | 0% |
