NVECNasdaqSemiconductors & Related DevicesFiscal year ends March 31
NVE CORP /NEW/
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026
$100.58+1.45 (+1.46%)
Close on Oct 19, 2026
- Market cap
- $487.39M
- P/E (TTM)
- 27.0
- Dividend yield
- 3.98%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
78.7%−2.0 pts over 5 years
Operating margin
60.5%+0.8 pts over 5 years
Net margin
57.7%+3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.8% | -11.7% | +4.3% | -0.5% | |
| Gross profit | -4.2% | -11.8% | +3.8% | -0.2% | |
| Operating income | -0.5% | -14.7% | +4.6% | -0.2% | |
| Net income | +0.9% | -12.5% | +5.4% | +2.1% | |
| EPS, diluted | +1.0% | -12.6% | +5.3% | +2.2% | |
| Free cash flow | +10.8% | -7.3% | +1.7% | +0.3% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 13.5% | 15.7% | 25.2% | |
| Return on assets | 13.3% | 15.4% | 24.4% | |
| Current ratio | 32.13 | 23.71 | 28.21 | |
| Inventory turnover | 1.9× | 1.1× | 0.8× | |
| Capex to revenue | 1.8% | 0.3% | 8.3% | |
| Diluted shares | 5M | 5M | 5M |
Where the cash went
Fiscal 2022 to 2026, five years combined
NVE generated $80.81M from operations and spent $101.74M on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
Generated
$80.81M
Used
$101.74M
Capital expenditure$4.88M5%Dividends$96.68M95%Share buybacks$184.22K0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin57.7%
×Asset turnover0.42×
×Equity multiplier1.03×
=Return on equity, FY202625.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 57.7% | 0.42× | 1.03× | 25.2% |
| FY2025 | 58.2% | 0.39× | 1.03× | 23.6% |
| FY2024 | 57.5% | 0.44× | 1.03× | 25.8% |
| FY2023 | 59.3% | 0.56× | 1.04× | 34.5% |
| FY2022 | 53.8% | 0.39× | 1.03× | 21.4% |
| FY2021 | 54.7% | 0.28× | 1.02× | 15.7% |
| FY2020 | 57.2% | 0.31× | 1.01× | 18.1% |
| FY2019 | 13.6% | 0.31× | 1.01× | 4.3% |
| FY2018 | 46.6% | 0.33× | 1.01× | 15.5% |
| FY2017 | 45.7% | 0.29× | 1.01× | 13.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
5of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$15.20M
- Cash generatingOperating cash flow above zero$16.66M
- Return on assets improvedROA up on the prior year22.6% → 23.6%
- Earnings backed by cashOperating cash flow above net income$16.66M vs $15.20M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose28.40 → 28.21
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year83.63% → 78.73%
- More efficientAsset turnover rose0.39 → 0.41