In the most recent quarter, Q4'26, NVDA's ROA reached 20.77%, marking a slight improvement from 19.80% in Q3'26 and reflecting stronger asset utilization efficiency. Comparatively, ROE stood at 27.31%, up marginally from 26.84% in the prior quarter, while ROIC achieved 25.56%, continuing its upward trajectory from 24.71% in Q3'26, indicating robust returns on invested capital. Over the period from Q1'24 to Q4'26, all three metrics—ROA, ROE, and ROIC—exhibited a strong overall upward trend, with ROA rising from 4.60% to 20.77%, ROE from 8.33% to 27.31%, and ROIC from 5.79% to 25.56%, driven by significant growth in early quarters peaking around Q3'25 before a temporary dip in Q1'26. This pattern highlights NVDA's improving profitability and operational efficiency, though the Q1'26 decline across metrics suggests potential volatility from external factors, followed by a steady recovery in subsequent quarters.