Comprehensive Stock Comparison
Compare Marvell Technology, Inc. (MRVL) vs Broadcom Inc. (AVGO) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
Selected Stocks
Add up to 10 tickers. Use presets or search to get started.
Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | AVGO | 23.9% revenue growth vs MRVL's 4.7% |
| Value | MRVL | Lower P/E (28.7x vs 31.1x) |
| Quality / Margins | AVGO | 36.2% net margin vs MRVL's 31.7% |
| Stability / Safety | AVGO | Beta 1.75 vs MRVL's 2.25 |
| Dividends | AVGO | 0.7% yield, 15-year raise streak, vs MRVL's 0.3% |
| Momentum (1Y) | AVGO | +61.4% vs MRVL's -10.8% |
| Efficiency (ROA) | AVGO | 13.5% ROA vs MRVL's 11.5%, ROIC 14.9% vs -3.1% |
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
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.
Broadcom is a semiconductor and infrastructure software company that designs and supplies critical components for data centers, networking, and connectivity. It generates revenue primarily from semiconductor sales (~70%) and infrastructure software licensing (~30%), with key segments including wired infrastructure, wireless communications, and enterprise storage. The company's moat lies in its deep engineering expertise, extensive patent portfolio, and entrenched positions in mission-critical infrastructure where customers face high switching costs.
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
AVGO leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). MRVL leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
AVGO is the larger business by revenue, generating $63.9B annually — 8.2x MRVL's $7.8B. Profitability is closely matched — net margins range from 36.2% (AVGO) to 31.7% (MRVL). On growth, MRVL holds the edge at +36.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| RevenueTrailing 12 months | $7.8B | $63.9B |
| EBITDAEarnings before interest/tax | $2.5B | $34.2B |
| Net IncomeAfter-tax profit | $2.5B | $23.1B |
| Free Cash FlowCash after capex | $1.6B | $26.9B |
| Gross MarginGross profit ÷ Revenue | +50.7% | +67.8% |
| Operating MarginEBIT ÷ Revenue | +14.8% | +39.9% |
| Net MarginNet income ÷ Revenue | +31.7% | +36.2% |
| FCF MarginFCF ÷ Revenue | +20.2% | +42.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +36.8% | +22.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.8% | +3.1% |
Valuation Metrics
On an enterprise value basis, AVGO's 44.1x EV/EBITDA is more attractive than MRVL's 116.5x.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| Market CapShares × price | $70.7B | $1.52T |
| Enterprise ValueMkt cap + debt − cash | $74.1B | $1.56T |
| Trailing P/EPrice ÷ TTM EPS | -80.09x | 66.99x |
| Forward P/EPrice ÷ next-FY EPS est. | 28.71x | 31.10x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.80x |
| EV / EBITDAEnterprise value multiple | 116.46x | 44.06x |
| Price / SalesMarket cap ÷ Revenue | 12.27x | 23.71x |
| Price / BookPrice ÷ Book value/share | 5.27x | 19.08x |
| Price / FCFMarket cap ÷ FCF | 50.91x | 56.29x |
Profitability & Efficiency
AVGO delivers a 28.4% return on equity — every $100 of shareholder capital generates $28 in annual profit, vs $18 for MRVL. MRVL carries lower financial leverage with a 0.32x debt-to-equity ratio, signaling a more conservative balance sheet compared to AVGO's 0.80x. On the Piotroski fundamental quality scale (0–9), AVGO scores 4/9 vs MRVL's 3/9, reflecting mixed financial health.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +17.6% | +28.4% |
| ROA (TTM)Return on assets | +11.5% | +13.5% |
| ROICReturn on invested capital | -3.1% | +14.9% |
| ROCEReturn on capital employed | -3.8% | +16.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | 0.32x | 0.80x |
| Net DebtTotal debt minus cash | $3.4B | $49.0B |
| Cash & Equiv.Liquid assets | $948M | $16.2B |
| Total DebtShort + long-term debt | $4.3B | $65.1B |
| Interest CoverageEBIT ÷ Interest expense | 14.82x | 8.09x |
Total Returns (with DRIP)
A $10,000 investment in AVGO five years ago would be worth $67,244 today (with dividends reinvested), compared to $16,739 for MRVL. Over the past 12 months, AVGO leads with a +61.4% total return vs MRVL's -10.8%. The 3-year compound annual growth rate (CAGR) favors AVGO at 76.4% vs MRVL's 22.2% — a key indicator of consistent wealth creation.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -8.5% | -8.1% |
| 1-Year ReturnPast 12 months | -10.8% | +61.4% |
| 3-Year ReturnCumulative with dividends | +82.5% | +448.6% |
| 5-Year ReturnCumulative with dividends | +67.4% | +572.4% |
| 10-Year ReturnCumulative with dividends | +780.5% | +2389.2% |
| CAGR (3Y)Annualised 3-year return | +22.2% | +76.4% |
Risk & Volatility
AVGO is the less volatile stock with a 1.75 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.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.25x | 1.75x |
| 52-Week HighHighest price in past year | $102.77 | $414.61 |
| 52-Week LowLowest price in past year | $47.09 | $138.10 |
| % of 52W HighCurrent price vs 52-week peak | +79.5% | +77.1% |
| RSI (14)Momentum oscillator 0–100 | 48.0 | 44.2 |
| Avg Volume (50D)Average daily shares traded | 11.3M | 21.0M |
Analyst Outlook
Wall Street rates MRVL as "Buy" and AVGO as "Buy". Consensus price targets imply 44.1% upside for MRVL (target: $118) vs 38.9% for AVGO (target: $444). For income investors, AVGO offers the higher dividend yield at 0.72% vs MRVL's 0.29%.
| Metric | MRVLMarvell Technolog… | AVGOBroadcom Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $117.68 | $443.72 |
| # AnalystsCovering analysts | 71 | 57 |
| Dividend YieldAnnual dividend ÷ price | +0.3% | +0.7% |
| Dividend StreakConsecutive years of raises | 0 | 15 |
| Dividend / ShareAnnual DPS | $0.24 | $2.30 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.0% | +0.4% |
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 |
|---|---|---|---|
| Marvell Technology,… (MRVL) | 100 | 358.2 | +258.2% |
| Broadcom Inc. (AVGO) | 100 | 1,161.79 | +1061.8% |
Broadcom Inc. (AVGO) returned +572% over 5 years vs Marvell Technology,… (MRVL)'s +67%. A $10,000 investment in AVGO 5 years ago would be worth $67,244 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Marvell Technology,… (MRVL) | $2.6B | $5.8B | +117.7% |
| Broadcom Inc. (AVGO) | $13.2B | $63.9B | +382.5% |
Marvell Technology, Inc.'s revenue grew from $2.6B (2016) to $5.8B (2025) — a 9.0% CAGR. Broadcom Inc.'s revenue grew from $13.2B (2016) to $63.9B (2025) — a 19.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Marvell Technology,… (MRVL) | -30.6% | -15.3% | +49.9% |
| Broadcom Inc. (AVGO) | -13.1% | 36.2% | +375.6% |
Marvell Technology, Inc.'s net margin went from -31% (2016) to -15% (2025). Broadcom Inc.'s net margin went from -13% (2016) to 36% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Broadcom Inc. (AVGO) | 61.2 | 72.6 | +18.6% |
Broadcom Inc. has traded in a 9x–189x P/E range over 9 years; current trailing P/E is ~67x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Marvell Technology,… (MRVL) | -1.59 | -1.02 | +35.8% |
| Broadcom Inc. (AVGO) | -0.44 | 4.77 | +1184.1% |
Marvell Technology, Inc.'s EPS grew from $-1.59 (2016) to $-1.02 (2025). Broadcom Inc.'s EPS grew from $-0.44 (2016) to $4.77 (2025).
Chart 6Free Cash Flow — 5 Years
Marvell Technology, Inc. generated $1B FCF in 2025 (+99% vs 2021). Broadcom Inc. generated $27B FCF in 2025 (+102% vs 2021).
MRVL vs AVGO: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is MRVL or AVGO a better buy right now?
Broadcom Inc. (AVGO) offers the better valuation at 67.0x trailing P/E (31.1x forward), making it the more compelling value choice. Analysts rate Marvell Technology, Inc. (MRVL) a "Buy" — based on 71 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 has the better valuation — MRVL or AVGO?
On forward P/E, Marvell Technology, Inc. is actually cheaper at 28.7x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MRVL or AVGO?
Over the past 5 years, Broadcom Inc. (AVGO) delivered a total return of +572.4%, compared to +67.4% for Marvell Technology, Inc. (MRVL). A $10,000 investment in AVGO five years ago would be worth approximately $67K today (assuming dividends reinvested). Over 10 years, the gap is even starker: AVGO returned +23.9% versus MRVL's +780.5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MRVL or AVGO?
By beta (market sensitivity over 5 years), Broadcom Inc. (AVGO) is the lower-risk stock at 1.75β versus Marvell Technology, Inc.'s 2.25β — meaning MRVL is approximately 28% more volatile than AVGO 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 Broadcom Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — MRVL or AVGO?
Broadcom Inc. (AVGO) is the more profitable company, earning 36.2% net margin versus -15.3% for Marvell Technology, Inc. — meaning it keeps 36.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AVGO leads at 39.9% versus -12.5% for MRVL. At the gross margin level — before operating expenses — AVGO leads at 67.8%, 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.
06Is MRVL or AVGO more undervalued right now?
On forward earnings alone, Marvell Technology, Inc. (MRVL) trades at 28.7x forward P/E versus 31.1x for Broadcom Inc. — 2.4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MRVL: 44.1% to $117.68.
07Which pays a better dividend — MRVL or AVGO?
All stocks in this comparison pay dividends. Broadcom Inc. (AVGO) offers the highest yield at 0.7%, versus 0.3% for Marvell Technology, Inc. (MRVL).
08Is MRVL or AVGO better for a retirement portfolio?
For long-horizon retirement investors, Broadcom Inc. (AVGO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (0.7% yield). 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 (AVGO: +23.9%, 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.
09What are the main differences between MRVL and AVGO?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. AVGO 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.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that beat both.