Marvell Technology, Inc. (MRVL) 10-Year Financial Performance & Capital Metrics

MRVL •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

AboutMarvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer System-on-a-Chip products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology, Inc. was incorporated in 1995 and is headquartered in Wilmington, Delaware.Show more

Revenue $5.77B +4.7%
EBITDA $637M -23.3%
Net Income -$885M +5.2%
EPS (Diluted) -1.02 +5.6%
Gross Margin 41.31% -0.8%
EBITDA Margin 11.04% -26.8%
Operating Margin -12.49% -21.2%
Net Margin -15.35% +9.5%
ROE -6.26% -2.2%
ROIC -3.08% -36.4%
Debt/Equity 0.32 +9.0%
Interest Coverage -3.80 -41.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 24.1% free cash flow margin
✓Strong 5Y sales CAGR of 16.4%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.72%

5Y16.4%

3Y8.93%

TTM44.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM267.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM267.06%

ROCE

10Y Avg0.83%

5Y Avg-2.08%

3Y Avg-1.85%

Latest-3.83%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	2.65B	2.3B	2.41B	2.87B	2.7B	2.97B	4.46B	5.92B	5.51B	5.77B
Revenue Growth %	-27.16%	-13.14%	4.7%	18.95%	-5.81%	9.99%	50.3%	32.66%	-6.96%	4.71%
Cost of Goods Sold+	1.36B	1.01B	947.23M	1.41B	1.34B	1.48B	2.4B	2.93B	3.21B	3.39B
COGS % of Revenue	51.37%	43.95%	39.32%	49.11%	49.73%	49.87%	53.74%	49.53%	58.36%	58.69%
Gross Profit+	1.29B	1.29B	1.46B	1.46B	1.36B	1.49B	2.06B	2.99B	2.29B	2.38B
Gross Margin %	48.63%	56.05%	60.68%	50.89%	50.27%	50.13%	46.26%	50.47%	41.64%	41.31%
Gross Profit Growth %	-29.9%	0.11%	13.36%	-0.24%	-6.96%	9.68%	38.7%	44.73%	-23.23%	3.86%
Operating Expenses+	1.26B	1.06B	959.72M	1.28B	1.54B	1.75B	2.41B	2.75B	2.86B	3.1B
OpEx % of Revenue	47.71%	45.96%	39.84%	44.83%	57.04%	58.83%	54.05%	46.45%	51.95%	53.79%
Selling, General & Admin	269.44M	251.36M	239.49M	370.66M	464.58M	467.2M	955.3M	843.6M	834M	798.2M
SG&A % of Revenue	10.17%	10.92%	9.94%	12.93%	17.21%	15.74%	21.41%	14.25%	15.14%	13.84%
Research & Development	994.39M	806.23M	720.23M	914.01M	1.08B	1.07B	1.42B	1.78B	1.9B	1.95B
R&D % of Revenue	37.54%	35.04%	29.9%	31.89%	40.03%	36.13%	31.92%	30.14%	34.43%	33.82%
Other Operating Expenses	0	0	0	0	0	206.8M	32.4M	121.6M	131.1M	353.9M
Operating Income+	24.36M	232.04M	502.22M	173.72M	-182.73M	-258.4M	-347.7M	238M	-567.7M	-720.3M
Operating Margin %	0.92%	10.08%	20.85%	6.06%	-6.77%	-8.7%	-7.79%	4.02%	-10.31%	-12.49%
Operating Income Growth %	-94.66%	852.45%	116.44%	-65.41%	-205.18%	-41.41%	-34.56%	168.45%	-338.53%	-26.88%
EBITDA+	137.23M	350.53M	589.28M	481.02M	342.01M	383.1M	897.6M	1.63B	830M	636.6M
EBITDA Margin %	5.18%	15.23%	24.46%	16.79%	12.67%	12.9%	20.11%	27.54%	15.07%	11.04%
EBITDA Growth %	-76.38%	155.44%	68.11%	-18.37%	-28.9%	12.01%	134.3%	81.63%	-49.09%	-23.3%
D&A (Non-Cash Add-back)	112.86M	118.49M	87.06M	307.3M	524.74M	641.5M	1.25B	1.39B	1.4B	1.36B
EBIT	-757.11M	147.8M	451.89M	55.72M	884.01M	-252.9M	-344.2M	255.7M	-547M	-705.3M
Net Interest Income+	15.28M	12.83M	16.7M	-48.44M	-80.81M	-66.7M	-138.5M	-152.9M	-191M	-174.4M
Interest Income	15.98M	13.2M	17.38M	11.93M	4.82M	2.6M	800K	17.7M	20.7M	15M
Interest Expense	706K	368K	685K	60.36M	85.63M	69.3M	139.3M	170.6M	211.7M	189.4M
Other Income/Expense	-782.18M	-84.61M	-51.02M	-178.37M	981.11M	-63.8M	-135.8M	-152.9M	-191M	-174.4M
Pretax Income+	-757.82M	147.43M	451.2M	-4.65M	798.38M	-322.2M	-483.5M	85.1M	-758.7M	-894.7M
Pretax Margin %	-28.61%	6.41%	18.73%	-0.16%	29.58%	-10.85%	-10.84%	1.44%	-13.78%	-15.51%
Income Tax+	11.34M	72.61M	18.06M	174.45M	-786.01M	-44.9M	-62.5M	248.6M	174.7M	-9.7M
Effective Tax Rate %	107.07%	14.35%	95.84%	3853.97%	198.45%	86.06%	87.07%	-192.13%	123.03%	98.92%
Net Income+	-811.4M	21.15M	432.43M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Net Margin %	-30.63%	0.92%	17.95%	-6.25%	58.7%	-9.34%	-9.43%	-2.76%	-16.95%	-15.35%
Net Income Growth %	-286.38%	102.61%	1944.47%	-141.42%	984.67%	-117.5%	-51.82%	61.16%	-470.89%	5.19%
Net Income (Continuing)	-769.15M	74.82M	433.14M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Discontinued Operations	-42.24M	-53.67M	-717K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.59	0.04	0.85	-0.30	2.34	-0.41	-0.53	-0.19	-1.08	-1.02
EPS Growth %	-289.29%	102.52%	2025%	-135.29%	880%	-117.52%	-29.27%	64.15%	-468.42%	5.56%
EPS (Basic)	-1.59	0.04	0.87	-0.30	2.38	-0.41	-0.53	-0.19	-1.08	-1.02
Diluted Shares Outstanding	510.94M	517.51M	509.67M	591.23M	676.09M	668.77M	796.86M	851.4M	861.3M	865.5M
Basic Shares Outstanding	509.27M	509.74M	498.01M	591.23M	664.71M	668.77M	796.86M	851.4M	861.3M	865.5M
Dividend Payout Ratio	-	578.19%	27.58%	-	10.07%	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	2.95B	2.29B	2.36B	1.4B	1.54B	1.62B	2.49B	3.28B	3.06B	3.12B
Cash & Short-Term Investments	2.28B	1.67B	1.84B	582.41M	647.6M	748.47M	613.5M	911M	950.8M	948.3M
Cash Only	1.28B	814.09M	888.48M	582.41M	647.6M	748.47M	613.5M	911M	950.8M	948.3M
Short-Term Investments	1B	854.27M	952.79M	0	0	0	0	0	0	0
Accounts Receivable	323.3M	335.38M	280.39M	493.12M	492.35M	536.67M	1.05B	1.19B	1.12B	1.03B
Days Sales Outstanding	44.54	53.2	42.48	62.81	66.58	65.98	85.77	73.51	74.33	65.09
Inventory	200.96M	170.84M	170.04M	276M	322.98M	268.23M	720.3M	1.07B	864.4M	1.03B
Days Inventory Outstanding	53.89	61.66	65.52	71.58	87.83	66.12	109.63	132.99	98.16	111.03
Other Current Assets	45.09M	57.08M	30.77M	0	0	0	-3K	109.6M	125.9M	113.9M
Total Non-Current Assets+	2.49B	2.36B	2.34B	8.62B	9.6B	9.15B	19.62B	19.24B	18.17B	17.08B
Property, Plant & Equipment	296.78M	243.4M	202.22M	318.98M	468M	427.54M	604.8M	788.7M	959.6M	1.04B
Fixed Asset Turnover	8.93x	9.45x	11.91x	8.98x	5.77x	6.94x	7.38x	7.51x	5.74x	5.56x
Goodwill	2B	1.99B	1.99B	5.49B	5.34B	5.34B	11.51B	11.59B	11.59B	11.59B
Intangible Assets	73.16M	69.64M	87.54M	2.69B	3.04B	2.51B	6.64B	5.54B	4.35B	3.11B
Long-Term Investments	17.1M	10.4M	2.2M	0	0	7.65M	30.7M	36.1M	45.8M	48.2M
Other Non-Current Assets	62.51M	14.87M	38.43M	109.59M	108.31M	190.27M	331.5M	821.9M	906.9M	899.5M
Total Assets+	5.44B	4.65B	4.71B	10.02B	11.13B	10.76B	22.11B	22.52B	21.23B	20.2B
Asset Turnover	0.49x	0.49x	0.51x	0.29x	0.24x	0.28x	0.20x	0.26x	0.26x	0.29x
Asset Growth %	-7.52%	-14.58%	1.28%	112.75%	11.15%	-3.31%	105.38%	1.87%	-5.74%	-4.82%
Total Current Liabilities+	1.23B	496.42M	421.14M	636.8M	710.17M	1.08B	1.39B	2.39B	1.81B	2.03B
Accounts Payable	180.37M	143.48M	145.24M	185.36M	213.75M	252.42M	461.5M	465.8M	411.3M	622.2M
Days Payables Outstanding	48.37	51.78	55.96	48.07	58.13	62.23	70.24	57.98	46.71	67.09
Short-Term Debt	0	0	0	0	0	199.64M	63.2M	584.4M	107.3M	129.5M
Deferred Revenue (Current)	53.97M	63.98M	61.24M	142.38M	117.13M	16.15M	39M	45.2M	43.2M	22.1M
Other Current Liabilities	123.38M	145.47M	127.71M	129.37M	211.64M	276.82M	321M	366.5M	360.9M	331.9M
Current Ratio	2.41x	4.61x	5.61x	2.19x	2.16x	1.50x	1.80x	1.37x	1.69x	1.54x
Quick Ratio	2.25x	4.27x	5.21x	1.76x	1.71x	1.25x	1.28x	0.93x	1.21x	1.03x
Cash Conversion Cycle	50.06	63.07	52.04	86.31	96.28	69.88	125.16	148.51	125.78	109.02
Total Non-Current Liabilities+	76.22M	124.58M	145.73M	2.07B	1.74B	1.25B	5.02B	4.5B	4.58B	4.75B
Long-Term Debt	0	0	0	1.73B	1.44B	993.17M	4.48B	3.91B	4.06B	3.93B
Capital Lease Obligations	0	0	0	0	115.78M	104.42M	140.3M	201.6M	196M	231M
Deferred Tax Liabilities	1.1M	38.78M	52.2M	246.25M	31.23M	22.36M	34.5M	64.2M	58.7M	33.8M
Other Non-Current Liabilities	75.12M	85.81M	93.53M	94.59M	158.45M	132.08M	358.3M	324.7M	269.6M	551.6M
Total Liabilities	1.3B	621M	566.87M	2.71B	2.45B	2.33B	6.41B	6.88B	6.4B	6.78B
Total Debt+	0	0	0	1.73B	1.58B	1.33B	4.73B	4.74B	4.4B	4.34B
Net Debt	-1.28B	-814.09M	-888.48M	1.15B	935.86M	581.22M	4.11B	3.83B	3.45B	3.39B
Debt / Equity	-	-	-	0.24x	0.18x	0.16x	0.30x	0.30x	0.30x	0.32x
Debt / EBITDA	-	-	-	3.60x	4.63x	3.47x	5.27x	2.91x	5.30x	6.82x
Net Debt / EBITDA	-9.31x	-2.32x	-1.51x	2.39x	2.74x	1.52x	4.58x	2.35x	4.16x	5.33x
Interest Coverage	34.51x	630.54x	733.17x	2.88x	-2.13x	-3.73x	-2.50x	1.40x	-2.68x	-3.80x
Total Equity+	4.14B	4.03B	4.14B	7.31B	8.68B	8.44B	15.7B	15.64B	14.83B	13.43B
Equity Growth %	-19.55%	-2.72%	2.82%	76.42%	18.78%	-2.8%	86.14%	-0.41%	-5.15%	-9.47%
Book Value per Share	8.10	7.78	8.13	12.36	12.84	12.61	19.71	18.37	17.22	15.51
Total Shareholders' Equity	4.14B	4.03B	4.14B	7.31B	8.68B	8.44B	15.7B	15.64B	14.83B	13.43B
Common Stock	1.01M	1.01M	991K	1.32M	1.33M	1.35M	1.7M	1.7M	1.7M	1.7M
Retained Earnings	1.11B	1.01B	1.41B	1.12B	2.54B	2.1B	1.49B	1.12B	-16.7M	-1.11B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-795K	23K	-2.32M	0	0	0	0	0	1.1M	400K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	205.35M	-358.44M	571.11M	596.74M	360.3M	817.3M	819.3M	1.29B	1.37B	1.68B
Operating CF Margin %	7.75%	-15.58%	23.71%	20.82%	13.35%	27.53%	18.36%	21.77%	24.88%	29.15%
Operating CF Growth %	-71.83%	-274.55%	259.34%	4.49%	-39.62%	126.84%	0.24%	57.3%	6.34%	22.67%
Net Income	-811.4M	21.15M	520.83M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Depreciation & Amortization	112.86M	118.49M	87.06M	307.3M	524.74M	641.5M	1.25B	1.39B	1.4B	1.36B
Stock-Based Compensation	133.78M	113.97M	86.69M	184.06M	242.21M	241.5M	460.7M	552.4M	609.8M	597.4M
Deferred Taxes	6.1M	44.64M	19.82M	118.65M	-785.16M	-39.5M	-93.9M	50.4M	150.8M	-111.9M
Other Non-Cash Items	29.82M	52.55M	-99.15M	240.27M	-1.02B	183.2M	291.1M	107M	87.8M	594.7M
Working Capital Changes	734.2M	-709.24M	-44.14M	-74.45M	-190.78M	67.9M	-662.9M	-649.8M	57.8M	129.1M
Change in Receivables	97.66M	-12.08M	54.99M	-99.04M	11.24M	-44.3M	-409M	-142.7M	70.6M	93.2M
Change in Inventory	90.59M	29.32M	-12.16M	4.35M	12.76M	29.9M	-291.9M	-385.9M	201.9M	-230M
Change in Payables	-105.9M	-28.15M	-16.61M	-6.49M	1.66M	39.7M	93.2M	-87.8M	-149.1M	181.5M
Cash from Investing+	201.69M	161.59M	39.52M	-1.75B	558.85M	-119.6M	-3.75B	-328.4M	-350.5M	-300.7M
Capital Expenditures	-47.49M	-44.51M	-38.55M	-75.92M	-81.92M	-106.8M	-169.2M	-206.2M	-336.3M	-284.6M
CapEx % of Revenue	1.79%	1.93%	1.6%	2.65%	3.04%	3.6%	3.79%	3.48%	6.11%	4.93%
Acquisitions	-41K	0	2.4M	-2.65B	627.7M	0	-3.56B	-112.3M	0	-10.4M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.77M	-10.29M	178M	29.26M	-5.77M	-12.8M	-20.9M	-9.9M	-14.2M	-5.7M
Cash from Financing+	-339.84M	-267.25M	-536.24M	849.74M	-853.95M	-596.8M	2.79B	-662.9M	-980.2M	-1.38B
Debt Issued (Net)	0	0	0	1.14B	-300M	-250M	3.19B	-65.6M	-327.2M	-109.4M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0	-1000K	-1000K	-1000K
Dividends Paid	-122.82M	-122.29M	-119.25M	-148.08M	-159.57M	-160.6M	-191M	-204.4M	-206.8M	-207.5M
Share Repurchases	-260.88M	-181.56M	-527.57M	-103.97M	-364.27M	-25.2M	0	-115M	-150M	-725M
Other Financing	43.86M	36.61M	110.58M	-34.69M	-30.1M	-161M	-206.3M	-277.9M	-296.2M	-341.1M
Net Change in Cash	67.2M	-464.09M	74.39M	-306.07M	65.19M	100.9M	-135M	297.5M	39.8M	-2.5M
Free Cash Flow+	149.62M	-413.25M	525.98M	509.28M	273.66M	697.8M	632.4M	1.07B	1.02B	1.39B
FCF Margin %	5.65%	-17.96%	21.83%	17.77%	10.14%	23.5%	14.17%	18.1%	18.52%	24.09%
FCF Growth %	-76.96%	-376.2%	227.28%	-3.17%	-46.26%	154.98%	-9.37%	69.43%	-4.78%	36.2%
FCF per Share	0.29	-0.80	1.03	0.86	0.40	1.04	0.79	1.26	1.18	1.61
FCF Conversion (FCF/Net Income)	-0.25x	-16.95x	1.32x	-3.33x	0.23x	-2.95x	-1.95x	-7.88x	-1.47x	-1.90x
Interest Paid	703K	363K	746K	0	0	54.6M	91.2M	147.9M	173.7M	173.4M
Taxes Paid	13.36M	17.03M	11.4M	0	0	14.2M	7.9M	95.9M	120.6M	40.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-17.48%	0.52%	10.59%	-3.13%	19.82%	-3.24%	-3.49%	-1.04%	-6.13%	-6.26%
Return on Invested Capital (ROIC)	0.54%	5.73%	11.65%	2.23%	-1.52%	-2.08%	-1.81%	0.91%	-2.26%	-3.08%
Gross Margin	48.63%	56.05%	60.68%	50.89%	50.27%	50.13%	46.26%	50.47%	41.64%	41.31%
Net Margin	-30.63%	0.92%	17.95%	-6.25%	58.7%	-9.34%	-9.43%	-2.76%	-16.95%	-15.35%
Debt / Equity	-	-	-	0.24x	0.18x	0.16x	0.30x	0.30x	0.30x	0.32x
Interest Coverage	34.51x	630.54x	733.17x	2.88x	-2.13x	-3.73x	-2.50x	1.40x	-2.68x	-3.80x
FCF Conversion	-0.25x	-16.95x	1.32x	-3.33x	0.23x	-2.95x	-1.95x	-7.88x	-1.47x	-1.90x
Revenue Growth	-27.16%	-13.14%	4.7%	18.95%	-5.81%	9.99%	50.3%	32.66%	-6.96%	4.71%

US Stock Screener

...

Marvell Technology, Inc. (MRVL) 10-Year Financial Performance & Capital Metrics

MRVL •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

Revenue $5.77B +4.7%
EBITDA $637M -23.3%
Net Income -$885M +5.2%
EPS (Diluted) -1.02 +5.6%
Gross Margin 41.31% -0.8%
EBITDA Margin 11.04% -26.8%
Operating Margin -12.49% -21.2%
Net Margin -15.35% +9.5%
ROE -6.26% -2.2%
ROIC -3.08% -36.4%
Debt/Equity 0.32 +9.0%
Interest Coverage -3.80 -41.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 24.1% free cash flow margin
✓Strong 5Y sales CAGR of 16.4%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.72%

5Y16.4%

3Y8.93%

TTM44.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM267.41%

EPS CAGR

10Y-

5Y-

3Y-

TTM267.06%

ROCE

10Y Avg0.83%

5Y Avg-2.08%

3Y Avg-1.85%

Latest-3.83%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	2.65B	2.3B	2.41B	2.87B	2.7B	2.97B	4.46B	5.92B	5.51B	5.77B
Revenue Growth %	-27.16%	-13.14%	4.7%	18.95%	-5.81%	9.99%	50.3%	32.66%	-6.96%	4.71%
Cost of Goods Sold+	1.36B	1.01B	947.23M	1.41B	1.34B	1.48B	2.4B	2.93B	3.21B	3.39B
COGS % of Revenue	51.37%	43.95%	39.32%	49.11%	49.73%	49.87%	53.74%	49.53%	58.36%	58.69%
Gross Profit+	1.29B	1.29B	1.46B	1.46B	1.36B	1.49B	2.06B	2.99B	2.29B	2.38B
Gross Margin %	48.63%	56.05%	60.68%	50.89%	50.27%	50.13%	46.26%	50.47%	41.64%	41.31%
Gross Profit Growth %	-29.9%	0.11%	13.36%	-0.24%	-6.96%	9.68%	38.7%	44.73%	-23.23%	3.86%
Operating Expenses+	1.26B	1.06B	959.72M	1.28B	1.54B	1.75B	2.41B	2.75B	2.86B	3.1B
OpEx % of Revenue	47.71%	45.96%	39.84%	44.83%	57.04%	58.83%	54.05%	46.45%	51.95%	53.79%
Selling, General & Admin	269.44M	251.36M	239.49M	370.66M	464.58M	467.2M	955.3M	843.6M	834M	798.2M
SG&A % of Revenue	10.17%	10.92%	9.94%	12.93%	17.21%	15.74%	21.41%	14.25%	15.14%	13.84%
Research & Development	994.39M	806.23M	720.23M	914.01M	1.08B	1.07B	1.42B	1.78B	1.9B	1.95B
R&D % of Revenue	37.54%	35.04%	29.9%	31.89%	40.03%	36.13%	31.92%	30.14%	34.43%	33.82%
Other Operating Expenses	0	0	0	0	0	206.8M	32.4M	121.6M	131.1M	353.9M
Operating Income+	24.36M	232.04M	502.22M	173.72M	-182.73M	-258.4M	-347.7M	238M	-567.7M	-720.3M
Operating Margin %	0.92%	10.08%	20.85%	6.06%	-6.77%	-8.7%	-7.79%	4.02%	-10.31%	-12.49%
Operating Income Growth %	-94.66%	852.45%	116.44%	-65.41%	-205.18%	-41.41%	-34.56%	168.45%	-338.53%	-26.88%
EBITDA+	137.23M	350.53M	589.28M	481.02M	342.01M	383.1M	897.6M	1.63B	830M	636.6M
EBITDA Margin %	5.18%	15.23%	24.46%	16.79%	12.67%	12.9%	20.11%	27.54%	15.07%	11.04%
EBITDA Growth %	-76.38%	155.44%	68.11%	-18.37%	-28.9%	12.01%	134.3%	81.63%	-49.09%	-23.3%
D&A (Non-Cash Add-back)	112.86M	118.49M	87.06M	307.3M	524.74M	641.5M	1.25B	1.39B	1.4B	1.36B
EBIT	-757.11M	147.8M	451.89M	55.72M	884.01M	-252.9M	-344.2M	255.7M	-547M	-705.3M
Net Interest Income+	15.28M	12.83M	16.7M	-48.44M	-80.81M	-66.7M	-138.5M	-152.9M	-191M	-174.4M
Interest Income	15.98M	13.2M	17.38M	11.93M	4.82M	2.6M	800K	17.7M	20.7M	15M
Interest Expense	706K	368K	685K	60.36M	85.63M	69.3M	139.3M	170.6M	211.7M	189.4M
Other Income/Expense	-782.18M	-84.61M	-51.02M	-178.37M	981.11M	-63.8M	-135.8M	-152.9M	-191M	-174.4M
Pretax Income+	-757.82M	147.43M	451.2M	-4.65M	798.38M	-322.2M	-483.5M	85.1M	-758.7M	-894.7M
Pretax Margin %	-28.61%	6.41%	18.73%	-0.16%	29.58%	-10.85%	-10.84%	1.44%	-13.78%	-15.51%
Income Tax+	11.34M	72.61M	18.06M	174.45M	-786.01M	-44.9M	-62.5M	248.6M	174.7M	-9.7M
Effective Tax Rate %	107.07%	14.35%	95.84%	3853.97%	198.45%	86.06%	87.07%	-192.13%	123.03%	98.92%
Net Income+	-811.4M	21.15M	432.43M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Net Margin %	-30.63%	0.92%	17.95%	-6.25%	58.7%	-9.34%	-9.43%	-2.76%	-16.95%	-15.35%
Net Income Growth %	-286.38%	102.61%	1944.47%	-141.42%	984.67%	-117.5%	-51.82%	61.16%	-470.89%	5.19%
Net Income (Continuing)	-769.15M	74.82M	433.14M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Discontinued Operations	-42.24M	-53.67M	-717K	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.59	0.04	0.85	-0.30	2.34	-0.41	-0.53	-0.19	-1.08	-1.02
EPS Growth %	-289.29%	102.52%	2025%	-135.29%	880%	-117.52%	-29.27%	64.15%	-468.42%	5.56%
EPS (Basic)	-1.59	0.04	0.87	-0.30	2.38	-0.41	-0.53	-0.19	-1.08	-1.02
Diluted Shares Outstanding	510.94M	517.51M	509.67M	591.23M	676.09M	668.77M	796.86M	851.4M	861.3M	865.5M
Basic Shares Outstanding	509.27M	509.74M	498.01M	591.23M	664.71M	668.77M	796.86M	851.4M	861.3M	865.5M
Dividend Payout Ratio	-	578.19%	27.58%	-	10.07%	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	2.95B	2.29B	2.36B	1.4B	1.54B	1.62B	2.49B	3.28B	3.06B	3.12B
Cash & Short-Term Investments	2.28B	1.67B	1.84B	582.41M	647.6M	748.47M	613.5M	911M	950.8M	948.3M
Cash Only	1.28B	814.09M	888.48M	582.41M	647.6M	748.47M	613.5M	911M	950.8M	948.3M
Short-Term Investments	1B	854.27M	952.79M	0	0	0	0	0	0	0
Accounts Receivable	323.3M	335.38M	280.39M	493.12M	492.35M	536.67M	1.05B	1.19B	1.12B	1.03B
Days Sales Outstanding	44.54	53.2	42.48	62.81	66.58	65.98	85.77	73.51	74.33	65.09
Inventory	200.96M	170.84M	170.04M	276M	322.98M	268.23M	720.3M	1.07B	864.4M	1.03B
Days Inventory Outstanding	53.89	61.66	65.52	71.58	87.83	66.12	109.63	132.99	98.16	111.03
Other Current Assets	45.09M	57.08M	30.77M	0	0	0	-3K	109.6M	125.9M	113.9M
Total Non-Current Assets+	2.49B	2.36B	2.34B	8.62B	9.6B	9.15B	19.62B	19.24B	18.17B	17.08B
Property, Plant & Equipment	296.78M	243.4M	202.22M	318.98M	468M	427.54M	604.8M	788.7M	959.6M	1.04B
Fixed Asset Turnover	8.93x	9.45x	11.91x	8.98x	5.77x	6.94x	7.38x	7.51x	5.74x	5.56x
Goodwill	2B	1.99B	1.99B	5.49B	5.34B	5.34B	11.51B	11.59B	11.59B	11.59B
Intangible Assets	73.16M	69.64M	87.54M	2.69B	3.04B	2.51B	6.64B	5.54B	4.35B	3.11B
Long-Term Investments	17.1M	10.4M	2.2M	0	0	7.65M	30.7M	36.1M	45.8M	48.2M
Other Non-Current Assets	62.51M	14.87M	38.43M	109.59M	108.31M	190.27M	331.5M	821.9M	906.9M	899.5M
Total Assets+	5.44B	4.65B	4.71B	10.02B	11.13B	10.76B	22.11B	22.52B	21.23B	20.2B
Asset Turnover	0.49x	0.49x	0.51x	0.29x	0.24x	0.28x	0.20x	0.26x	0.26x	0.29x
Asset Growth %	-7.52%	-14.58%	1.28%	112.75%	11.15%	-3.31%	105.38%	1.87%	-5.74%	-4.82%
Total Current Liabilities+	1.23B	496.42M	421.14M	636.8M	710.17M	1.08B	1.39B	2.39B	1.81B	2.03B
Accounts Payable	180.37M	143.48M	145.24M	185.36M	213.75M	252.42M	461.5M	465.8M	411.3M	622.2M
Days Payables Outstanding	48.37	51.78	55.96	48.07	58.13	62.23	70.24	57.98	46.71	67.09
Short-Term Debt	0	0	0	0	0	199.64M	63.2M	584.4M	107.3M	129.5M
Deferred Revenue (Current)	53.97M	63.98M	61.24M	142.38M	117.13M	16.15M	39M	45.2M	43.2M	22.1M
Other Current Liabilities	123.38M	145.47M	127.71M	129.37M	211.64M	276.82M	321M	366.5M	360.9M	331.9M
Current Ratio	2.41x	4.61x	5.61x	2.19x	2.16x	1.50x	1.80x	1.37x	1.69x	1.54x
Quick Ratio	2.25x	4.27x	5.21x	1.76x	1.71x	1.25x	1.28x	0.93x	1.21x	1.03x
Cash Conversion Cycle	50.06	63.07	52.04	86.31	96.28	69.88	125.16	148.51	125.78	109.02
Total Non-Current Liabilities+	76.22M	124.58M	145.73M	2.07B	1.74B	1.25B	5.02B	4.5B	4.58B	4.75B
Long-Term Debt	0	0	0	1.73B	1.44B	993.17M	4.48B	3.91B	4.06B	3.93B
Capital Lease Obligations	0	0	0	0	115.78M	104.42M	140.3M	201.6M	196M	231M
Deferred Tax Liabilities	1.1M	38.78M	52.2M	246.25M	31.23M	22.36M	34.5M	64.2M	58.7M	33.8M
Other Non-Current Liabilities	75.12M	85.81M	93.53M	94.59M	158.45M	132.08M	358.3M	324.7M	269.6M	551.6M
Total Liabilities	1.3B	621M	566.87M	2.71B	2.45B	2.33B	6.41B	6.88B	6.4B	6.78B
Total Debt+	0	0	0	1.73B	1.58B	1.33B	4.73B	4.74B	4.4B	4.34B
Net Debt	-1.28B	-814.09M	-888.48M	1.15B	935.86M	581.22M	4.11B	3.83B	3.45B	3.39B
Debt / Equity	-	-	-	0.24x	0.18x	0.16x	0.30x	0.30x	0.30x	0.32x
Debt / EBITDA	-	-	-	3.60x	4.63x	3.47x	5.27x	2.91x	5.30x	6.82x
Net Debt / EBITDA	-9.31x	-2.32x	-1.51x	2.39x	2.74x	1.52x	4.58x	2.35x	4.16x	5.33x
Interest Coverage	34.51x	630.54x	733.17x	2.88x	-2.13x	-3.73x	-2.50x	1.40x	-2.68x	-3.80x
Total Equity+	4.14B	4.03B	4.14B	7.31B	8.68B	8.44B	15.7B	15.64B	14.83B	13.43B
Equity Growth %	-19.55%	-2.72%	2.82%	76.42%	18.78%	-2.8%	86.14%	-0.41%	-5.15%	-9.47%
Book Value per Share	8.10	7.78	8.13	12.36	12.84	12.61	19.71	18.37	17.22	15.51
Total Shareholders' Equity	4.14B	4.03B	4.14B	7.31B	8.68B	8.44B	15.7B	15.64B	14.83B	13.43B
Common Stock	1.01M	1.01M	991K	1.32M	1.33M	1.35M	1.7M	1.7M	1.7M	1.7M
Retained Earnings	1.11B	1.01B	1.41B	1.12B	2.54B	2.1B	1.49B	1.12B	-16.7M	-1.11B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-795K	23K	-2.32M	0	0	0	0	0	1.1M	400K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	205.35M	-358.44M	571.11M	596.74M	360.3M	817.3M	819.3M	1.29B	1.37B	1.68B
Operating CF Margin %	7.75%	-15.58%	23.71%	20.82%	13.35%	27.53%	18.36%	21.77%	24.88%	29.15%
Operating CF Growth %	-71.83%	-274.55%	259.34%	4.49%	-39.62%	126.84%	0.24%	57.3%	6.34%	22.67%
Net Income	-811.4M	21.15M	520.83M	-179.09M	1.58B	-277.3M	-421M	-163.5M	-933.4M	-885M
Depreciation & Amortization	112.86M	118.49M	87.06M	307.3M	524.74M	641.5M	1.25B	1.39B	1.4B	1.36B
Stock-Based Compensation	133.78M	113.97M	86.69M	184.06M	242.21M	241.5M	460.7M	552.4M	609.8M	597.4M
Deferred Taxes	6.1M	44.64M	19.82M	118.65M	-785.16M	-39.5M	-93.9M	50.4M	150.8M	-111.9M
Other Non-Cash Items	29.82M	52.55M	-99.15M	240.27M	-1.02B	183.2M	291.1M	107M	87.8M	594.7M
Working Capital Changes	734.2M	-709.24M	-44.14M	-74.45M	-190.78M	67.9M	-662.9M	-649.8M	57.8M	129.1M
Change in Receivables	97.66M	-12.08M	54.99M	-99.04M	11.24M	-44.3M	-409M	-142.7M	70.6M	93.2M
Change in Inventory	90.59M	29.32M	-12.16M	4.35M	12.76M	29.9M	-291.9M	-385.9M	201.9M	-230M
Change in Payables	-105.9M	-28.15M	-16.61M	-6.49M	1.66M	39.7M	93.2M	-87.8M	-149.1M	181.5M
Cash from Investing+	201.69M	161.59M	39.52M	-1.75B	558.85M	-119.6M	-3.75B	-328.4M	-350.5M	-300.7M
Capital Expenditures	-47.49M	-44.51M	-38.55M	-75.92M	-81.92M	-106.8M	-169.2M	-206.2M	-336.3M	-284.6M
CapEx % of Revenue	1.79%	1.93%	1.6%	2.65%	3.04%	3.6%	3.79%	3.48%	6.11%	4.93%
Acquisitions	-41K	0	2.4M	-2.65B	627.7M	0	-3.56B	-112.3M	0	-10.4M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.77M	-10.29M	178M	29.26M	-5.77M	-12.8M	-20.9M	-9.9M	-14.2M	-5.7M
Cash from Financing+	-339.84M	-267.25M	-536.24M	849.74M	-853.95M	-596.8M	2.79B	-662.9M	-980.2M	-1.38B
Debt Issued (Net)	0	0	0	1.14B	-300M	-250M	3.19B	-65.6M	-327.2M	-109.4M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	0	-1000K	-1000K	-1000K
Dividends Paid	-122.82M	-122.29M	-119.25M	-148.08M	-159.57M	-160.6M	-191M	-204.4M	-206.8M	-207.5M
Share Repurchases	-260.88M	-181.56M	-527.57M	-103.97M	-364.27M	-25.2M	0	-115M	-150M	-725M
Other Financing	43.86M	36.61M	110.58M	-34.69M	-30.1M	-161M	-206.3M	-277.9M	-296.2M	-341.1M
Net Change in Cash	67.2M	-464.09M	74.39M	-306.07M	65.19M	100.9M	-135M	297.5M	39.8M	-2.5M
Free Cash Flow+	149.62M	-413.25M	525.98M	509.28M	273.66M	697.8M	632.4M	1.07B	1.02B	1.39B
FCF Margin %	5.65%	-17.96%	21.83%	17.77%	10.14%	23.5%	14.17%	18.1%	18.52%	24.09%
FCF Growth %	-76.96%	-376.2%	227.28%	-3.17%	-46.26%	154.98%	-9.37%	69.43%	-4.78%	36.2%
FCF per Share	0.29	-0.80	1.03	0.86	0.40	1.04	0.79	1.26	1.18	1.61
FCF Conversion (FCF/Net Income)	-0.25x	-16.95x	1.32x	-3.33x	0.23x	-2.95x	-1.95x	-7.88x	-1.47x	-1.90x
Interest Paid	703K	363K	746K	0	0	54.6M	91.2M	147.9M	173.7M	173.4M
Taxes Paid	13.36M	17.03M	11.4M	0	0	14.2M	7.9M	95.9M	120.6M	40.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-17.48%	0.52%	10.59%	-3.13%	19.82%	-3.24%	-3.49%	-1.04%	-6.13%	-6.26%
Return on Invested Capital (ROIC)	0.54%	5.73%	11.65%	2.23%	-1.52%	-2.08%	-1.81%	0.91%	-2.26%	-3.08%
Gross Margin	48.63%	56.05%	60.68%	50.89%	50.27%	50.13%	46.26%	50.47%	41.64%	41.31%
Net Margin	-30.63%	0.92%	17.95%	-6.25%	58.7%	-9.34%	-9.43%	-2.76%	-16.95%	-15.35%
Debt / Equity	-	-	-	0.24x	0.18x	0.16x	0.30x	0.30x	0.30x	0.32x
Interest Coverage	34.51x	630.54x	733.17x	2.88x	-2.13x	-3.73x	-2.50x	1.40x	-2.68x	-3.80x
FCF Conversion	-0.25x	-16.95x	1.32x	-3.33x	0.23x	-2.95x	-1.95x	-7.88x	-1.47x	-1.90x
Revenue Growth	-27.16%	-13.14%	4.7%	18.95%	-5.81%	9.99%	50.3%	32.66%	-6.96%	4.71%

Marvell Technology, Inc. (MRVL) 10-Year Financial Performance & Capital Metrics

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Marvell Technology, Inc. (MRVL) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare MRVL vs Peers

vs AVGO

vs TXN

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios