AMD vs NVDA
Advanced Micro Devices Inc. and Nvidia Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AMD | NVDA |
|---|---|---|
| Revenue | $34.6B | $215.9B |
| Net income | $4.3B | $120.1B |
| Gross margin | 49.5% | 71.1% |
| Net margin | 12.5% | 55.6% |
| Return on equity | 7.2% | 101.5% |
| Diluted EPS | $2.65 | $4.90 |
| Dividend / share | · | $0.04 |
| Payout ratio | · | 0.8% |
| Free cash flow | $6.7B | $96.7B |
| Equity | $63.0B | $157.3B |
| Net debt / equity | −0.04× | −0.01× |
| Current ratio | 2.85× | 3.91× |
| Revenue CAGR 5y | 28.8% | 66.9% |
| Profit CAGR 5y | 11.7% | 94.3% |
NVDA bills 6.2× the revenue of AMD, and keeps more of each dollar of revenue as profit (55.6% against 12.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AMD | NVDA |
|---|---|---|
| FY2025 | $34.6B | $215.9B |
| FY2024 | $25.8B | $130.5B |
| FY2023 | $22.7B | $60.9B |
| FY2022 | $23.6B | $27.0B |
| FY2021 | $16.4B | $26.9B |
| FY2020 | $9.8B | $16.7B |
| FY2019 | $6.7B | $10.9B |
| FY2018 | $6.5B | $11.7B |
| FY2017 | $5.3B | $9.7B |
| FY2016 | $4.3B | $6.9B |
Bottom line
| Fiscal year | AMD | NVDA |
|---|---|---|
| FY2025 | $4.3B | $120.1B |
| FY2024 | $1.6B | $72.9B |
| FY2023 | $854.0M | $29.8B |
| FY2022 | $1.3B | $4.4B |
| FY2021 | $3.2B | $9.8B |
| FY2020 | $2.5B | $4.3B |
| FY2019 | $341.0M | $2.8B |
| FY2018 | $337.0M | $4.1B |
| FY2017 | $-33.0M | $3.0B |
| FY2016 | $-498.0M | $1.7B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$181,299,000,000 | NVDA |
| FY2024 | −$104,712,000,000 | NVDA |
| FY2023 | −$38,242,000,000 | NVDA |
| FY2022 | −$3,373,000,000 | NVDA |
| FY2021 | −$10,480,000,000 | NVDA |
| FY2020 | −$6,912,000,000 | NVDA |
| FY2019 | −$4,187,000,000 | NVDA |
| FY2018 | −$5,241,000,000 | NVDA |
| FY2017 | −$4,461,000,000 | NVDA |
| FY2016 | −$2,591,000,000 | NVDA |
| FY2015 | −$1,019,000,000 | NVDA |
| FY2014 | +$824,000,000 | AMD |
| FY2013 | +$1,169,000,000 | AMD |
| FY2012 | +$1,141,841,000 | AMD |
| FY2011 | +$2,570,070,000 | AMD |
| FY2010 | +$2,950,691,000 | AMD |
| FY2009 | +$2,076,555,000 | AMD |
| FY2008 | +$2,383,141,000 | AMD |
The higher-revenue side has changed between AMD and NVDA over this period. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −43.1 pp | NVDA |
| FY2024 | −49.5 pp | NVDA |
| FY2023 | −45.1 pp | NVDA |
| FY2022 | −10.6 pp | NVDA |
| FY2021 | −17.0 pp | NVDA |
| FY2020 | −0.5 pp | NVDA |
| FY2019 | −20.5 pp | NVDA |
| FY2018 | −30.1 pp | NVDA |
| FY2017 | −32.0 pp | NVDA |
| FY2016 | −35.6 pp | NVDA |
| FY2015 | −28.8 pp | NVDA |
| FY2014 | −20.8 pp | NVDA |
| FY2013 | −12.2 pp | NVDA |
| FY2012 | −35.0 pp | NVDA |
| FY2011 | −7.1 pp | NVDA |
| FY2010 | +0.1 pp | AMD |
| FY2009 | +7.5 pp | AMD |
| FY2008 | −52.4 pp | NVDA |
The higher net margin has changed hands between AMD and NVDA over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NVDA's net margin has been more volatile than AMD's over the 18 comparable fiscal years — 17.1 percentage points of standard deviation against 17.0.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AMD and NVDA over these 18 fiscal years — AMD led in 2 and NVDA in 16.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AMD's return on equity has been more volatile than NVDA's over the 16 comparable fiscal years — 593.9 percentage points of standard deviation against 36.1.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between AMD and NVDA over these 16 fiscal years — AMD led in 5 and NVDA in 11.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.