Comprehensive Stock Comparison
Compare Microchip Technology Incorporated (MCHP) vs Marvell Technology, Inc. (MRVL) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | MRVL | 4.7% revenue growth vs MCHP's -42.3% |
| Value | MRVL | Lower P/E (28.7x vs 47.6x) |
| Quality / Margins | MRVL | 31.7% net margin vs MCHP's -2.2% |
| Stability / Safety | MCHP | Beta 2.17 vs MRVL's 2.25 |
| Dividends | MCHP | 2.4% yield, 5-year raise streak, vs MRVL's 0.3% |
| Momentum (1Y) | MCHP | +29.9% vs MRVL's -10.8% |
| Efficiency (ROA) | MRVL | 11.5% ROA vs MCHP's -0.7%, ROIC -3.1% vs 1.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Microchip Technology is a semiconductor company that designs and manufactures microcontrollers, analog chips, and other embedded control solutions for industrial, automotive, and consumer applications. It generates revenue primarily through microcontroller sales (~50% of revenue) and analog/power management chips (~30%), with the remainder from memory, FPGA, and development tools. The company's moat lies in its extensive catalog of over 100,000 products and deep customer relationships in mission-critical embedded systems where reliability and long-term availability are paramount.
Marvell Technology is a semiconductor company that designs and sells data infrastructure chips for data centers, enterprise networking, and automotive applications. It generates revenue primarily from data center products (~40%), enterprise networking (~30%), and carrier infrastructure (~20%), with the remainder from consumer and automotive segments. The company's moat lies in its specialized expertise in data processing, storage, and networking semiconductors—particularly in high-growth areas like cloud computing and AI infrastructure.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
MRVL leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). MCHP leads in 2 (Risk & Volatility, Analyst Outlook). 1 tied.
Financial Metrics (TTM)
MRVL is the larger business by revenue, generating $7.8B annually — 1.8x MCHP's $4.4B. MRVL is the more profitable business, keeping 31.7% of every revenue dollar as net income compared to MCHP's -2.2%. On growth, MRVL holds the edge at +36.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| RevenueTrailing 12 months | $4.4B | $7.8B |
| EBITDAEarnings before interest/tax | $881M | $2.5B |
| Net IncomeAfter-tax profit | -$97M | $2.5B |
| Free Cash FlowCash after capex | $820M | $1.6B |
| Gross MarginGross profit ÷ Revenue | +51.6% | +50.7% |
| Operating MarginEBIT ÷ Revenue | +4.1% | +14.8% |
| Net MarginNet income ÷ Revenue | -2.2% | +31.7% |
| FCF MarginFCF ÷ Revenue | +18.8% | +20.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.6% | +36.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +160.2% | +3.8% |
Valuation Metrics
On an enterprise value basis, MCHP's 43.1x EV/EBITDA is more attractive than MRVL's 116.5x.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| Market CapShares × price | $40.2B | $70.7B |
| Enterprise ValueMkt cap + debt − cash | $45.1B | $74.1B |
| Trailing P/EPrice ÷ TTM EPS | -9999.00x | -80.09x |
| Forward P/EPrice ÷ next-FY EPS est. | 47.63x | 28.71x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 43.10x | 116.46x |
| Price / SalesMarket cap ÷ Revenue | 9.14x | 12.27x |
| Price / BookPrice ÷ Book value/share | 5.67x | 5.27x |
| Price / FCFMarket cap ÷ FCF | 52.08x | 50.91x |
Profitability & Efficiency
MRVL delivers a 17.6% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-1 for MCHP. MRVL carries lower financial leverage with a 0.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to MCHP's 0.80x. On the Piotroski fundamental quality scale (0–9), MCHP scores 5/9 vs MRVL's 3/9, reflecting solid financial health.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| ROE (TTM)Return on equity | -1.5% | +17.6% |
| ROA (TTM)Return on assets | -0.7% | +11.5% |
| ROICReturn on invested capital | +1.8% | -3.1% |
| ROCEReturn on capital employed | +2.1% | -3.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.80x | 0.32x |
| Net DebtTotal debt minus cash | $4.9B | $3.4B |
| Cash & Equiv.Liquid assets | $772M | $948M |
| Total DebtShort + long-term debt | $5.7B | $4.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.78x | 14.82x |
Total Returns (with DRIP)
A $10,000 investment in MRVL five years ago would be worth $16,739 today (with dividends reinvested), compared to $10,390 for MCHP. Over the past 12 months, MCHP leads with a +29.9% total return vs MRVL's -10.8%. The 3-year compound annual growth rate (CAGR) favors MRVL at 22.2% vs MCHP's -0.4% — a key indicator of consistent wealth creation.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| YTD ReturnYear-to-date | +15.5% | -8.5% |
| 1-Year ReturnPast 12 months | +29.9% | -10.8% |
| 3-Year ReturnCumulative with dividends | -1.3% | +82.5% |
| 5-Year ReturnCumulative with dividends | +3.9% | +67.4% |
| 10-Year ReturnCumulative with dividends | +285.6% | +780.5% |
| CAGR (3Y)Annualised 3-year return | -0.4% | +22.2% |
Risk & Volatility
MCHP is the less volatile stock with a 2.17 beta — it tends to amplify market swings less than MRVL's 2.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MCHP currently trades 89.6% from its 52-week high vs MRVL's 79.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.17x | 2.25x |
| 52-Week HighHighest price in past year | $83.35 | $102.77 |
| 52-Week LowLowest price in past year | $34.13 | $47.09 |
| % of 52W HighCurrent price vs 52-week peak | +89.6% | +79.5% |
| RSI (14)Momentum oscillator 0–100 | 47.1 | 48.0 |
| Avg Volume (50D)Average daily shares traded | 7.6M | 11.3M |
Analyst Outlook
Wall Street rates MCHP as "Buy" and MRVL as "Buy". Consensus price targets imply 44.1% upside for MRVL (target: $118) vs 16.6% for MCHP (target: $87). For income investors, MCHP offers the higher dividend yield at 2.43% vs MRVL's 0.29%.
| Metric | MCHPMicrochip Technol… | MRVLMarvell Technolog… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $87.00 | $117.68 |
| # AnalystsCovering analysts | 46 | 71 |
| Dividend YieldAnnual dividend ÷ price | +2.4% | +0.3% |
| Dividend StreakConsecutive years of raises | 5 | 0 |
| Dividend / ShareAnnual DPS | $1.82 | $0.24 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +1.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Microchip Technolog… (MCHP) | 100 | 164 | +64.0% |
| Marvell Technology,… (MRVL) | 100 | 358.2 | +258.2% |
Marvell Technology,… (MRVL) returned +67% over 5 years vs Microchip Technolog… (MCHP)'s +4%. A $10,000 investment in MRVL 5 years ago would be worth $16,739 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Microchip Technolog… (MCHP) | $2.2B | $4.4B | +102.5% |
| Marvell Technology,… (MRVL) | $2.6B | $5.8B | +117.7% |
Microchip Technology Incorporated's revenue grew from $2.2B (2016) to $4.4B (2025) — a 8.2% CAGR. Marvell Technology, Inc.'s revenue grew from $2.6B (2016) to $5.8B (2025) — a 9.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Microchip Technolog… (MCHP) | 14.9% | -0.0% | -100.1% |
| Marvell Technology,… (MRVL) | -30.6% | -15.3% | +49.9% |
Microchip Technology Incorporated's net margin went from 15% (2016) to -0% (2025). Marvell Technology, Inc.'s net margin went from -31% (2016) to -15% (2025).
Chart 4P/E Ratio History — 8 Years
| Stock | 2017 | 2024 | Change |
|---|---|---|---|
| Microchip Technolog… (MCHP) | 122.1 | 16.5 | -86.5% |
Microchip Technology Incorporated has traded in a 17x–134x P/E range over 8 years; current trailing P/E is ~-9999x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Microchip Technolog… (MCHP) | 0.75 | -0.01 | -100.7% |
| Marvell Technology,… (MRVL) | -1.59 | -1.02 | +35.8% |
Microchip Technology Incorporated's EPS grew from $0.75 (2016) to $-0.01 (2025) — a NaN% CAGR. Marvell Technology, Inc.'s EPS grew from $-1.59 (2016) to $-1.02 (2025).
Chart 6Free Cash Flow — 5 Years
Microchip Technology Incorporated generated $772M FCF in 2025 (-58% vs 2021). Marvell Technology, Inc. generated $1B FCF in 2025 (+99% vs 2021).
MCHP vs MRVL: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is MCHP or MRVL a better buy right now?
Analysts rate Microchip Technology Incorporated (MCHP) a "Buy" — based on 46 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — MCHP or MRVL?
Over the past 5 years, Marvell Technology, Inc. (MRVL) delivered a total return of +67.4%, compared to +3.9% for Microchip Technology Incorporated (MCHP). A $10,000 investment in MRVL five years ago would be worth approximately $17K today (assuming dividends reinvested). Over 10 years, the gap is even starker: MRVL returned +780.5% versus MCHP's +285.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — MCHP or MRVL?
By beta (market sensitivity over 5 years), Microchip Technology Incorporated (MCHP) is the lower-risk stock at 2.17β versus Marvell Technology, Inc.'s 2.25β — meaning MRVL is approximately 4% more volatile than MCHP relative to the S&P 500. On balance sheet safety, Marvell Technology, Inc. (MRVL) carries a lower debt/equity ratio of 32% versus 80% for Microchip Technology Incorporated — giving it more financial flexibility in a downturn.
04Which has better profit margins — MCHP or MRVL?
Microchip Technology Incorporated (MCHP) is the more profitable company, earning -0.0% net margin versus -15.3% for Marvell Technology, Inc. — meaning it keeps -0.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MCHP leads at 6.7% versus -12.5% for MRVL. At the gross margin level — before operating expenses — MCHP leads at 56.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is MCHP or MRVL more undervalued right now?
On forward earnings alone, Marvell Technology, Inc. (MRVL) trades at 28.7x forward P/E versus 47.6x for Microchip Technology Incorporated — 18.9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MRVL: 44.1% to $117.68.
06Which pays a better dividend — MCHP or MRVL?
All stocks in this comparison pay dividends. Microchip Technology Incorporated (MCHP) offers the highest yield at 2.4%, versus 0.3% for Marvell Technology, Inc. (MRVL).
07Is MCHP or MRVL better for a retirement portfolio?
For long-horizon retirement investors, Microchip Technology Incorporated (MCHP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (2.4% yield, +285.6% 10Y return). Marvell Technology, Inc. (MRVL) carries a higher beta of 2.25 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MCHP: +285.6%, MRVL: +780.5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between MCHP and MRVL?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. MCHP pays a dividend while MRVL does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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