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英伟达（NVDA）与威瑞森（VZ）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威瑞森的2.0倍（$68.1B vs $34.4B），英伟达净利率更高（63.1% vs 14.9%，领先48.1%），英伟达同比增速更快（73.2% vs 2.9%），英伟达自由现金流更多（$34.9B vs $3.8B），过去两年英伟达的营收复合增速更高（61.7% vs 2.5%）
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。
威瑞森通信是总部位于美国纽约的电信巨头，按营收规模为全球第二大电信企业，旗下移动网络是美国最大的无线通信运营商，截至2025年6月30日，在美订阅用户总数达1.461亿。
NVDA vs VZ — 直观对比
营收规模更大
NVDA
是对方的2.0倍
$34.4B
营收增速更快
NVDA
高出70.4%
2.9%
净利率更高
NVDA
高出48.1%
14.9%
自由现金流更多
NVDA
多$31.1B
$3.8B
两年增速更快
NVDA
近两年复合增速
2.5%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $68.1B | $34.4B |
| 净利润 | $43.0B | $5.1B |
| 毛利率 | 75.0% | — |
| 营业利润率 | 65.0% | 23.9% |
| 净利率 | 63.1% | 14.9% |
| 营收同比 | 73.2% | 2.9% |
| 净利润同比 | 94.5% | 3.3% |
| 每股收益（稀释后） | $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NVDAVZ
| Q1 26 | $68.1B | $34.4B | ||
| Q4 25 | $57.0B | $36.4B | ||
| Q3 25 | $46.7B | $33.8B | ||
| Q2 25 | $44.1B | $34.5B | ||
| Q1 25 | $39.3B | $33.5B | ||
| Q4 24 | $35.1B | $35.7B | ||
| Q3 24 | $30.0B | $33.3B | ||
| Q2 24 | $26.0B | $32.8B |
净利润NVDAVZ
| Q1 26 | $43.0B | $5.1B | ||
| Q4 25 | $31.9B | $2.3B | ||
| Q3 25 | $26.4B | $5.0B | ||
| Q2 25 | $18.8B | $5.0B | ||
| Q1 25 | $22.1B | $4.9B | ||
| Q4 24 | $19.3B | $5.0B | ||
| Q3 24 | $16.6B | $3.3B | ||
| Q2 24 | $14.9B | $4.6B |
毛利率NVDAVZ
| Q1 26 | 75.0% | — | ||
| Q4 25 | 73.4% | — | ||
| Q3 25 | 72.4% | — | ||
| Q2 25 | 60.5% | — | ||
| Q1 25 | 73.0% | — | ||
| Q4 24 | 74.6% | — | ||
| Q3 24 | 75.1% | — | ||
| Q2 24 | 78.4% | — |
营业利润率NVDAVZ
| Q1 26 | 65.0% | 23.9% | ||
| Q4 25 | 63.2% | 13.8% | ||
| Q3 25 | 60.8% | 24.0% | ||
| Q2 25 | 49.1% | 23.7% | ||
| Q1 25 | 61.1% | 23.8% | ||
| Q4 24 | 62.3% | 20.8% | ||
| Q3 24 | 62.1% | 17.8% | ||
| Q2 24 | 64.9% | 23.8% |
净利率NVDAVZ
| Q1 26 | 63.1% | 14.9% | ||
| Q4 25 | 56.0% | 6.4% | ||
| Q3 25 | 56.5% | 14.6% | ||
| Q2 25 | 42.6% | 14.5% | ||
| Q1 25 | 56.2% | 14.6% | ||
| Q4 24 | 55.0% | 14.0% | ||
| Q3 24 | 55.3% | 9.9% | ||
| Q2 24 | 57.1% | 14.0% |
每股收益（稀释后）NVDAVZ
| Q1 26 | $1.76 | — | ||
| Q4 25 | $1.30 | $0.56 | ||
| Q3 25 | $1.08 | $1.17 | ||
| Q2 25 | $0.76 | $1.18 | ||
| Q1 25 | $-4.49 | $1.15 | ||
| Q4 24 | $0.78 | $1.18 | ||
| Q3 24 | $0.67 | $0.78 | ||
| Q2 24 | $5.98 | $1.09 |
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 | $10.6B | $8.4B |
| 总债务越低越好 | $8.5B | $144.2B |
| 股东权益账面价值 | $157.3B | $104.6B |
| 总资产 | $206.8B | $417.9B |
| 负债/权益比越低杠杆越低 | 0.05× | 1.38× |
8季度趋势，按日历期对齐
现金及短期投资NVDAVZ
| Q1 26 | $10.6B | $8.4B | ||
| Q4 25 | $60.6B | $19.0B | ||
| Q3 25 | $56.8B | $7.7B | ||
| Q2 25 | $53.7B | $3.4B | ||
| Q1 25 | $43.2B | $2.3B | ||
| Q4 24 | $38.5B | $4.2B | ||
| Q3 24 | $34.8B | $5.0B | ||
| Q2 24 | $31.4B | $2.4B |
总债务NVDAVZ
| Q1 26 | $8.5B | $144.2B | ||
| Q4 25 | $8.5B | $139.5B | ||
| Q3 25 | $8.5B | $126.6B | ||
| Q2 25 | $8.5B | $123.9B | ||
| Q1 25 | $8.5B | $121.0B | ||
| Q4 24 | $8.5B | $121.4B | ||
| Q3 24 | $8.5B | $128.9B | ||
| Q2 24 | $9.7B | $126.0B |
股东权益NVDAVZ
| Q1 26 | $157.3B | $104.6B | ||
| Q4 25 | $118.9B | $105.7B | ||
| Q3 25 | $100.1B | $106.3B | ||
| Q2 25 | $83.8B | $104.4B | ||
| Q1 25 | $79.3B | $102.0B | ||
| Q4 24 | $65.9B | $100.6B | ||
| Q3 24 | $58.2B | $97.7B | ||
| Q2 24 | $49.1B | $97.5B |
总资产NVDAVZ
| Q1 26 | $206.8B | $417.9B | ||
| Q4 25 | $161.1B | $404.3B | ||
| Q3 25 | $140.7B | $388.3B | ||
| Q2 25 | $125.3B | $383.3B | ||
| Q1 25 | $111.6B | $380.4B | ||
| Q4 24 | $96.0B | $384.7B | ||
| Q3 24 | $85.2B | $381.2B | ||
| Q2 24 | $77.1B | $379.1B |
负债/权益比NVDAVZ
| Q1 26 | 0.05× | 1.38× | ||
| Q4 25 | 0.07× | 1.32× | ||
| Q3 25 | 0.08× | 1.19× | ||
| Q2 25 | 0.10× | 1.19× | ||
| Q1 25 | 0.11× | 1.19× | ||
| Q4 24 | 0.13× | 1.21× | ||
| Q3 24 | 0.15× | 1.32× | ||
| Q2 24 | 0.20× | 1.29× |
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 | $8.0B |
| 自由现金流经营现金流 - 资本支出 | $34.9B | $3.8B |
| 自由现金流率自由现金流/营收 | 51.2% | 11.0% |
| 资本支出强度资本支出/营收 | 1.9% | 12.2% |
| 现金转化率经营现金流/净利润 | 0.84× | 1.55× |
| 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NVDAVZ
| Q1 26 | $36.2B | $8.0B | ||
| Q4 25 | $23.8B | $9.1B | ||
| Q3 25 | $15.4B | $11.3B | ||
| Q2 25 | $27.4B | $9.0B | ||
| Q1 25 | $16.6B | $7.8B | ||
| Q4 24 | $17.6B | $10.4B | ||
| Q3 24 | $14.5B | $9.9B | ||
| Q2 24 | $15.3B | $9.5B |
自由现金流NVDAVZ
| Q1 26 | $34.9B | $3.8B | ||
| Q4 25 | $22.1B | — | ||
| Q3 25 | $13.5B | — | ||
| Q2 25 | $26.2B | — | ||
| Q1 25 | $15.6B | — | ||
| Q4 24 | $16.8B | — | ||
| Q3 24 | $13.5B | — | ||
| Q2 24 | $15.0B | — |
自由现金流率NVDAVZ
| Q1 26 | 51.2% | 11.0% | ||
| Q4 25 | 38.8% | — | ||
| Q3 25 | 28.8% | — | ||
| Q2 25 | 59.4% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 47.9% | — | ||
| Q3 24 | 45.0% | — | ||
| Q2 24 | 57.5% | — |
资本支出强度NVDAVZ
| Q1 26 | 1.9% | 12.2% | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 1.4% | — |
现金转化率NVDAVZ
| Q1 26 | 0.84× | 1.55× | ||
| Q4 25 | 0.74× | 3.89× | ||
| Q3 25 | 0.58× | 2.28× | ||
| Q2 25 | 1.46× | 1.79× | ||
| Q1 25 | 0.75× | 1.59× | ||
| Q4 24 | 0.91× | 2.08× | ||
| Q3 24 | 0.87× | 3.00× | ||
| Q2 24 | 1.03× | 2.07× |
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
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% |
VZ
| Service revenues and other | $28.8B | 84% |
| Wireless equipment revenues | $5.7B | 16% |
