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英伟达（NVDA）与Block, Inc.（XYZ）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Block, Inc.的10.9倍（$68.1B vs $6.3B），英伟达净利率更高（63.1% vs 1.9%，领先61.2%），英伟达同比增速更快（73.2% vs 3.6%），英伟达自由现金流更多（$34.9B vs $579.8M），过去两年英伟达的营收复合增速更高（61.7% vs 2.4%）
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。
Block, Inc.是美国科技企业，面向消费者与商户提供金融服务，由杰克·多尔西于2009年创立，是美国销售点系统领域的市场领导者。截至2024年，平台服务5700万用户及400万商户，年支付处理规模达2410亿美元。
NVDA vs XYZ — 直观对比
营收规模更大
NVDA
是对方的10.9倍
$6.3B
营收增速更快
NVDA
高出69.6%
3.6%
净利率更高
NVDA
高出61.2%
1.9%
自由现金流更多
NVDA
多$34.3B
$579.8M
两年增速更快
NVDA
近两年复合增速
2.4%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $68.1B | $6.3B |
| 净利润 | $43.0B | $115.8M |
| 毛利率 | 75.0% | 45.9% |
| 营业利润率 | 65.0% | 7.8% |
| 净利率 | 63.1% | 1.9% |
| 营收同比 | 73.2% | 3.6% |
| 净利润同比 | 94.5% | -94.1% |
| 每股收益（稀释后） | $1.76 | $0.19 |
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NVDAXYZ
| Q1 26 | $68.1B | — | ||
| Q4 25 | $57.0B | $6.3B | ||
| Q3 25 | $46.7B | $6.1B | ||
| Q2 25 | $44.1B | $6.1B | ||
| Q1 25 | $39.3B | $5.8B | ||
| Q4 24 | $35.1B | $6.0B | ||
| Q3 24 | $30.0B | $6.0B | ||
| Q2 24 | $26.0B | $6.2B |
净利润NVDAXYZ
| Q1 26 | $43.0B | — | ||
| Q4 25 | $31.9B | $115.8M | ||
| Q3 25 | $26.4B | $461.5M | ||
| Q2 25 | $18.8B | $538.5M | ||
| Q1 25 | $22.1B | $189.9M | ||
| Q4 24 | $19.3B | $1.9B | ||
| Q3 24 | $16.6B | $283.8M | ||
| Q2 24 | $14.9B | $195.3M |
毛利率NVDAXYZ
| Q1 26 | 75.0% | — | ||
| Q4 25 | 73.4% | 45.9% | ||
| Q3 25 | 72.4% | 43.5% | ||
| Q2 25 | 60.5% | 41.9% | ||
| Q1 25 | 73.0% | 39.7% | ||
| Q4 24 | 74.6% | 38.3% | ||
| Q3 24 | 75.1% | 37.6% | ||
| Q2 24 | 78.4% | 36.3% |
营业利润率NVDAXYZ
| Q1 26 | 65.0% | — | ||
| Q4 25 | 63.2% | 7.8% | ||
| Q3 25 | 60.8% | 6.7% | ||
| Q2 25 | 49.1% | 8.0% | ||
| Q1 25 | 61.1% | 5.7% | ||
| Q4 24 | 62.3% | 0.2% | ||
| Q3 24 | 62.1% | 5.4% | ||
| Q2 24 | 64.9% | 5.0% |
净利率NVDAXYZ
| Q1 26 | 63.1% | — | ||
| Q4 25 | 56.0% | 1.9% | ||
| Q3 25 | 56.5% | 7.5% | ||
| Q2 25 | 42.6% | 8.9% | ||
| Q1 25 | 56.2% | 3.3% | ||
| Q4 24 | 55.0% | 32.3% | ||
| Q3 24 | 55.3% | 4.7% | ||
| Q2 24 | 57.1% | 3.2% |
每股收益（稀释后）NVDAXYZ
| Q1 26 | $1.76 | — | ||
| Q4 25 | $1.30 | $0.19 | ||
| Q3 25 | $1.08 | $0.74 | ||
| Q2 25 | $0.76 | $0.87 | ||
| Q1 25 | $-4.49 | $0.30 | ||
| Q4 24 | $0.78 | $3.06 | ||
| Q3 24 | $0.67 | $0.45 | ||
| Q2 24 | $5.98 | $0.31 |
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 | $6.6B |
| 总债务越低越好 | $8.5B | — |
| 股东权益账面价值 | $157.3B | $22.2B |
| 总资产 | $206.8B | $39.5B |
| 负债/权益比越低杠杆越低 | 0.05× | — |
8季度趋势，按日历期对齐
现金及短期投资NVDAXYZ
| Q1 26 | $10.6B | — | ||
| Q4 25 | $60.6B | $6.6B | ||
| Q3 25 | $56.8B | $8.3B | ||
| Q2 25 | $53.7B | $6.4B | ||
| Q1 25 | $43.2B | $7.1B | ||
| Q4 24 | $38.5B | $8.1B | ||
| Q3 24 | $34.8B | $8.3B | ||
| Q2 24 | $31.4B | $7.8B |
总债务NVDAXYZ
| Q1 26 | $8.5B | — | ||
| Q4 25 | $8.5B | — | ||
| Q3 25 | $8.5B | $7.3B | ||
| Q2 25 | $8.5B | $5.1B | ||
| Q1 25 | $8.5B | $5.1B | ||
| Q4 24 | $8.5B | $6.1B | ||
| Q3 24 | $8.5B | $6.1B | ||
| Q2 24 | $9.7B | $6.1B |
股东权益NVDAXYZ
| Q1 26 | $157.3B | — | ||
| Q4 25 | $118.9B | $22.2B | ||
| Q3 25 | $100.1B | $22.5B | ||
| Q2 25 | $83.8B | $22.2B | ||
| Q1 25 | $79.3B | $21.5B | ||
| Q4 24 | $65.9B | $21.3B | ||
| Q3 24 | $58.2B | $19.9B | ||
| Q2 24 | $49.1B | $19.3B |
总资产NVDAXYZ
| Q1 26 | $206.8B | — | ||
| Q4 25 | $161.1B | $39.5B | ||
| Q3 25 | $140.7B | $39.2B | ||
| Q2 25 | $125.3B | $36.9B | ||
| Q1 25 | $111.6B | $36.4B | ||
| Q4 24 | $96.0B | $36.8B | ||
| Q3 24 | $85.2B | $36.4B | ||
| Q2 24 | $77.1B | $37.5B |
负债/权益比NVDAXYZ
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.08× | 0.32× | ||
| Q2 25 | 0.10× | 0.23× | ||
| Q1 25 | 0.11× | 0.24× | ||
| Q4 24 | 0.13× | 0.29× | ||
| Q3 24 | 0.15× | 0.31× | ||
| Q2 24 | 0.20× | 0.32× |
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 | $621.0M |
| 自由现金流经营现金流 - 资本支出 | $34.9B | $579.8M |
| 自由现金流率自由现金流/营收 | 51.2% | 9.3% |
| 资本支出强度资本支出/营收 | 1.9% | 0.7% |
| 现金转化率经营现金流/净利润 | 0.84× | 5.36× |
| 过去12个月自由现金流最近4个季度 | $96.7B | $2.4B |
8季度趋势，按日历期对齐
经营现金流NVDAXYZ
| Q1 26 | $36.2B | — | ||
| Q4 25 | $23.8B | $621.0M | ||
| Q3 25 | $15.4B | $1.5B | ||
| Q2 25 | $27.4B | $374.3M | ||
| Q1 25 | $16.6B | $133.3M | ||
| Q4 24 | $17.6B | $13.8M | ||
| Q3 24 | $14.5B | $684.8M | ||
| Q2 24 | $15.3B | $519.4M |
自由现金流NVDAXYZ
| Q1 26 | $34.9B | — | ||
| Q4 25 | $22.1B | $579.8M | ||
| Q3 25 | $13.5B | $1.4B | ||
| Q2 25 | $26.2B | $343.0M | ||
| Q1 25 | $15.6B | $101.5M | ||
| Q4 24 | $16.8B | $-13.2M | ||
| Q3 24 | $13.5B | $628.2M | ||
| Q2 24 | $15.0B | $481.0M |
自由现金流率NVDAXYZ
| Q1 26 | 51.2% | — | ||
| Q4 25 | 38.8% | 9.3% | ||
| Q3 25 | 28.8% | 22.9% | ||
| Q2 25 | 59.4% | 5.7% | ||
| Q1 25 | 39.5% | 1.8% | ||
| Q4 24 | 47.9% | -0.2% | ||
| Q3 24 | 45.0% | 10.5% | ||
| Q2 24 | 57.5% | 7.8% |
资本支出强度NVDAXYZ
| Q1 26 | 1.9% | — | ||
| Q4 25 | 2.9% | 0.7% | ||
| Q3 25 | 4.1% | 0.8% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 2.7% | 0.6% | ||
| Q4 24 | 2.3% | 0.4% | ||
| Q3 24 | 3.3% | 0.9% | ||
| Q2 24 | 1.4% | 0.6% |
现金转化率NVDAXYZ
| Q1 26 | 0.84× | — | ||
| Q4 25 | 0.74× | 5.36× | ||
| Q3 25 | 0.58× | 3.14× | ||
| Q2 25 | 1.46× | 0.70× | ||
| Q1 25 | 0.75× | 0.70× | ||
| Q4 24 | 0.91× | 0.01× | ||
| Q3 24 | 0.87× | 2.41× | ||
| Q2 24 | 1.03× | 2.66× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
