Valuation, from the filing
| Public float | $217.00M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-09-30 |
|---|---|---|
| Float per share | $44.86 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 14.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 8.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-09-30, not today, and each multiple below it uses the figures for the fiscal year ending 2026-03-31 — the year that filing covered.
Valuation over time
14.3× earnings today, against a median of 14.3× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-09-30 | $217.00M | 14.3× | |
| 2024-09-30 | $265.00M | 17.6× | |
| 2024-03-31 | $268.00M | 15.6× | |
| 2023-03-31 | $169.00M | 7.4× | |
| 2021-09-30 | $200.00M | 13.8× | |
| 2020-09-30 | $147.00M | 12.6× | |
| 2019-09-30 | $208.00M | 14.3× | |
| 2018-09-28 | $294.00M | 81.5× | |
| 2017-09-29 | $214.00M | 15.4× | |
| 2016-09-30 | $144.00M | 11.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Semiconductors & Related Devices filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | 54.9% | 100th | |
| Operating margin | 60.5% | 100th | |
| Current ratio | 28.21x | 99th | |
| Net margin | 57.7% | 99th | |
| Gross margin | 78.7% | 97th | |
| Revenue YoY growth | 1.8% | 27th | |
| R&D / revenue | 12.0% | 29th | |
| CapEx / revenue | 8.3% | 70th | |
| Effective tax rate | 14.7% | 35th |
NVE CORP /NEW/ (NVEC) reported revenue of $5.83M and net income of $3.17M for the fiscal year ended 2026-09-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NVE CORP /NEW/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.
Income
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.83M | $11.03M | $7.65M | $6.22M | $6.35M | $6.10M | $318.39K | $5.06M | $6.76M | $6.78M |
| Cost of revenue | $1.27M | $2.07M | $1.71M | $1.33M | $1.38M | $1.18M | $1.52M | $797.62K | $947.25K | $975.49K |
| Gross profit | $4.56M | $8.97M | $5.95M | $4.89M | $4.97M | $4.92M | $5.75M | $4.27M | $5.81M | $5.81M |
| Operating income | $3.21M | $7.27M | $4.73M | $3.74M | $3.66M | $3.78M | $4.25M | $2.96M | $4.40M | $4.39M |
| Net income | $3.17M | $6.39M | $4.93M | $3.38M | $3.31M | $3.58M | $3.89M | $3.05M | $4.03M | $4.10M |
| Research & development | $727.34K | $946.58K | $771.20K | $795.58K | $873.47K | $720.23K | $1.04M | $869.68K | $847.60K | $878.53K |
| Weighted-average diluted shares | shares 4.85M | shares 4.85M | Unavailable | shares 4.84M | shares 4.84M | shares 4.84M | Unavailable | shares 4.84M | shares 4.84M | shares 4.84M |
| Pretax income | $3.68M | $7.72M | $5.18M | $4.21M | $4.15M | $4.28M | $4.73M | $3.57M | $4.86M | $4.88M |
| Income tax expense | $507.81K | $1.32M | $254.29K | $821.69K | $834.70K | $706.45K | $833.36K | $521.79K | $833.88K | $785.19K |
| Diluted EPS | $0.65 | $1.32 | Unavailable | $0.70 | $0.68 | $0.74 | Unavailable | $0.63 | $0.83 | $0.85 |
| Selling, general & administrative | $630.31K | Unavailable | Unavailable | Unavailable | $436.92K | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.97M | $2.90M | $1.71M | $3.41M | $5.11M | $3.22M | $8.04M | $5.49M | $3.10M | $6.01M |
| Total assets | $59.86M | $62.12M | $60.38M | $59.96M | $61.49M | $63.55M | $64.28M | $64.59M | $65.88M | $66.71M |
| Current assets | $35.06M | $35.68M | $32.19M | $31.08M | $28.77M | $26.17M | $33.20M | $30.27M | $33.84M | $31.46M |
| Total liabilities | $1.89M | $2.34M | $2.13M | $1.67M | $1.78M | $2.46M | $2.01M | $1.62M | $1.02M | $1.83M |
| Current liabilities | $1.21M | $1.50M | $1.14M | $891.98K | $970.72K | $1.63M | $1.17M | $751.11K | $931.51K | $1.69M |
| Total equity incl. NCI | $57.98M | $59.78M | $58.25M | $58.30M | $59.71M | $61.09M | $62.27M | $62.97M | $64.86M | $64.88M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $6.86M | $6.67M | $7.08M | $7.27M | $7.42M | $7.45M | $7.45M | $7.79M | $7.42M | $7.16M |
| Accounts receivable | $3.01M | $6.55M | $3.41M | $2.48M | $2.44M | $2.25M | $3.59M | $1.36M | $2.95M | $2.10M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $252.40K | $265.95K | $278.60K | $226.86K | $229.53K | $177.21K | $214.69K | $154.68K | $170.08K | $174.24K |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.82M | $5.31M | $4.49M | $4.19M | $2.79M | $5.19M | $2.48M | $3.84M | $2.13M | $5.85M |
| Capital expenditures | -$4.15M | $4.23M | -$7.92M | $8.98M | -$8.98M | $10.11M | -$10.02M | $10.15M | $208.80K | $916.63K |
| Investing cash flow | $97.00K | $712.96K | -$1.34M | -$1.05M | $3.93M | -$5.17M | $4.91M | $3.27M | -$208.80K | -$5.30M |
| Financing cash flow | -$4.84M | -$4.84M | -$4.84M | -$4.84M | -$4.84M | -$4.84M | -$4.84M | -$4.72M | -$4.83M | -$4.83M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | $246.93K | $14.05K | Unavailable | Unavailable | $66.31K | $6.84K | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | Unavailable | $4.84M | $4.84M | $4.84M | $4.84M | $4.84M | $4.84M | $4.84M | $4.83M | $4.83M |
| Common share repurchases | $168 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | $1.08M | Unavailable | -$4.79M | Unavailable | -$4.92M | Unavailable | -$6.31M | $1.92M | $4.94M |
| Gross margin | 78.2% | 81.3% | 77.7% | 78.6% | 78.3% | 80.6% | 1807.3% | 84.2% | 86.0% | 85.6% |
| Operating margin | 55.0% | 65.8% | 61.9% | 60.2% | 57.6% | 62.0% | 1334.4% | 58.5% | 65.0% | 64.7% |
| FCF margin | Unavailable | 9.8% | Unavailable | -77.0% | Unavailable | -80.6% | Unavailable | -124.7% | 28.5% | 72.8% |
| SBC / revenue | 4.2% | Unavailable | Unavailable | Unavailable | 1.0% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 29.05x | 23.72x | 28.21x | 34.84x | 29.64x | 16.10x | 28.40x | 40.30x | 36.32x | 18.58x |
| Revenue YoY growth | -8.1% | 80.7% | 2304.2% | 22.9% | -6.1% | -10.0% | 558.0% | -25.1% | -5.3% | -23.2% |
| Net margin | 54.4% | Unavailable | 64.4% | 54.4% | 52.2% | Unavailable | 1222.5% | 60.2% | Unavailable | Unavailable |
| R&D / revenue | 12.5% | 8.6% | 10.1% | 12.8% | 13.8% | 11.8% | 326.5% | 17.2% | 12.5% | 13.0% |
| CapEx / revenue | -71.1% | 38.3% | -103.5% | 144.3% | -141.5% | 165.6% | -3147.9% | 200.6% | 3.1% | 13.5% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 13.8% | 17.1% | 4.9% | 19.5% | 20.1% | 16.5% | 17.6% | 14.6% | 17.2% | 16.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NVEC in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.