MRVLMarvell Technology

Technology · Semiconductors · Nasdaq

Marvell Technology, Inc., together with its consolidated subsidiaries (“Marvell,” “MTI,” the “Company,” “we,” or “us”) is a leading supplier of data infrastructure semiconductor solutions, spanning the data center core to network edge. 10-K, Item 1

Employees: 7,480
Headquarters: Wilmington, DE
CEO: Matthew J. Murphy
Next results: around Mar 4, 2027

Compare with peers → Embed

MRVL and 9 peers, year by year

The 9 Technology companies closest to MRVL in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
MRVL Marvell Technology	FY2026	$8.2B	+42.1%	51.0%	16.1%	32.6%	17.0%	18.7%	0.35
SNPS Synopsys	FY2025	$7.1B	+15.1%	77.0%	13.0%	18.9%	19.1%	4.7%	0.48
WDAY Workday, Inc.	FY2026	$9.6B	+13.1%	-	7.5%	7.3%	29.1%	8.9%	0.38
ROP Roper Technologies	FY2025	$7.9B	+12.3%	69.2%	28.3%	19.4%	-	7.7%	0.47
COHR Coherent Corp.	FY2026	$7.1B	+22.5%	-	-	11.3%	−14.4%	7.4%	0.30
FTNT Fortinet	FY2025	$6.8B	+14.2%	80.5%	30.7%	27.3%	32.7%	149.8%	0.81
ADSK Autodesk	FY2026	$7.2B	+17.5%	91.0%	21.9%	15.6%	33.4%	36.9%	0.82
PANW Palo Alto Networks	FY2026	$11.5B	+24.5%	70.4%	6.1%	2.7%	35.8%	1.1%	-
NTAP NetApp	FY2026	$6.9B	+5.4%	70.7%	24.2%	18.4%	27.0%	94.4%	1.84
PLTR Palantir Technologies	FY2025	$4.5B	+56.2%	82.4%	31.6%	36.3%	46.9%	22.0%	-

Revenuepeer median $7.1B

Sales growthpeer median +15.1%

Gross marginpeer median 77.0%

Operating marginpeer median 23.0%

Net marginpeer median 18.4%

FCF marginpeer median 30.9%

Return on equitypeer median 8.9%

Debt / equitypeer median 0.48

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2020 to FY2026

Revenue as reported in the 10-K.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	$2.7B	$3.0B	$4.5B	$5.9B	$5.5B	$5.8B	$8.2B
SNPS Oct	$3.7B	$4.2B	$5.1B	$5.3B	$6.1B	$7.1B	-
WDAY Jan	$3.6B	$4.3B	$5.1B	$6.2B	$7.3B	$8.4B	$9.6B
ROP Dec	$4.0B	$4.8B	$5.4B	$6.2B	$7.0B	$7.9B	-
COHR Jun	$3.1B	-	$3.3B	$5.2B	$4.7B	$5.8B	$7.1B
FTNT Dec	$2.6B	$3.3B	$4.4B	$5.3B	$6.0B	$6.8B	-
ADSK Jan	$3.3B	$3.8B	$4.4B	$5.0B	$5.5B	$6.1B	$7.2B
PANW Jul	$3.4B	$4.3B	$5.5B	$6.9B	$8.0B	$9.2B	$11.5B
NTAP Apr	$5.4B	$5.7B	$6.3B	$6.4B	$6.3B	$6.6B	$6.9B
PLTR Dec	$1.1B	$1.5B	$1.9B	$2.2B	$2.9B	$4.5B	-
Peer median	$3.4B	$4.2B	$5.1B	$5.3B	$6.1B	$6.8B	$7.2B

Sales growth, FY2020 to FY2026

Revenue against the fiscal year before.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	-	+10.0%	+50.3%	+32.7%	−7.0%	+4.7%	+42.1%
SNPS Oct	+9.7%	+14.1%	+20.9%	+15.2%	+15.2%	+15.1%	-
WDAY Jan	+28.5%	+19.0%	+19.0%	+21.0%	+16.8%	+16.4%	+13.1%
ROP Dec	+2.7%	+20.2%	+11.1%	+15.0%	+13.9%	+12.3%	-
COHR Jun	+30.5%	-	+6.8%	+55.6%	−8.8%	+23.4%	+22.5%
FTNT Dec	+19.9%	+28.8%	+32.2%	+20.1%	+12.3%	+14.2%	-
ADSK Jan	+27.4%	+15.8%	+15.7%	+14.1%	+9.8%	+11.5%	+17.5%
PANW Jul	+17.5%	+24.9%	+29.3%	+25.3%	+16.5%	+14.9%	+24.5%
NTAP Apr	−11.9%	+6.1%	+10.0%	+0.7%	−1.5%	+4.9%	+5.4%
PLTR Dec	+47.2%	+41.1%	+23.6%	+16.7%	+28.8%	+56.2%	-
Peer median	+19.9%	+19.6%	+19.0%	+16.7%	+13.9%	+14.9%	+17.5%

Gross margin, FY2020 to FY2026

Gross profit / revenue.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	50.3%	50.1%	46.3%	50.5%	41.6%	41.3%	51.0%
SNPS Oct	78.4%	79.5%	73.2%	80.6%	79.7%	77.0%	-
WDAY Jan	-	-	-	-	-	-	-
ROP Dec	70.3%	70.5%	69.9%	69.7%	69.3%	69.2%	-
COHR Jun	-	-	-	-	-	-	-
FTNT Dec	78.0%	76.6%	75.4%	76.7%	80.6%	80.5%	-
ADSK Jan	90.1%	91.1%	90.5%	90.4%	90.7%	90.6%	91.0%
PANW Jul	70.7%	70.0%	68.8%	72.3%	74.3%	73.4%	70.4%
NTAP Apr	66.9%	66.4%	66.8%	66.2%	70.7%	70.2%	70.7%
PLTR Dec	67.7%	78.0%	78.6%	80.6%	80.2%	82.4%	-
Peer median	70.7%	76.6%	73.2%	76.7%	79.7%	77.0%	70.7%

Operating margin, FY2020 to FY2026

Operating income / revenue.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	−9.0%	−8.7%	−7.8%	4.0%	−10.3%	−12.5%	16.1%
SNPS Oct	16.8%	17.5%	22.6%	23.9%	22.1%	13.0%	-
WDAY Jan	−13.8%	−5.8%	−2.3%	−3.6%	2.5%	4.9%	7.5%
ROP Dec	26.9%	25.7%	28.4%	28.2%	28.4%	28.3%	-
COHR Jun	12.9%	-	12.5%	−0.7%	2.0%	-	-
FTNT Dec	20.5%	19.5%	21.9%	23.4%	30.3%	30.7%	-
ADSK Jan	10.5%	16.6%	14.1%	19.8%	20.5%	22.1%	21.9%
PANW Jul	−5.3%	−7.1%	−3.4%	5.6%	8.5%	13.5%	6.1%
NTAP Apr	17.5%	17.9%	18.3%	16.0%	19.4%	20.3%	24.2%
PLTR Dec	−107.4%	−26.7%	−8.5%	5.4%	10.8%	31.6%	-
Peer median	12.9%	17.0%	14.1%	16.0%	19.4%	21.2%	14.7%

Net margin, FY2020 to FY2026

Net income / revenue.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	58.7%	−9.3%	−9.4%	−2.8%	−16.9%	−15.3%	32.6%
SNPS Oct	18.0%	18.0%	19.4%	23.1%	36.9%	18.9%	-
WDAY Jan	−13.3%	−6.5%	0.6%	−5.9%	19.0%	6.2%	7.3%
ROP Dec	23.6%	23.8%	84.6%	22.4%	22.0%	19.4%	-
COHR Jun	9.6%	-	7.1%	−5.0%	−3.3%	0.8%	11.3%
FTNT Dec	18.8%	18.2%	19.4%	21.6%	29.3%	27.3%	-
ADSK Jan	6.6%	31.9%	11.3%	16.4%	16.5%	18.1%	15.6%
PANW Jul	−7.8%	−11.7%	−4.9%	6.4%	32.1%	12.3%	2.7%
NTAP Apr	15.1%	12.7%	14.8%	20.0%	15.7%	18.0%	18.4%
PLTR Dec	−106.7%	−33.7%	−19.6%	9.4%	16.1%	36.3%	-
Peer median	9.6%	15.4%	11.3%	16.4%	19.0%	18.1%	11.3%

Free cash flow, FY2020 to FY2026

Cash from operations minus capital spending.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	$278.4M	$710.5M	$650.1M	$1.1B	$1.0B	$1.4B	$1.4B
SNPS Oct	$836.6M	$1.4B	$1.6B	$1.5B	$1.3B	$1.3B	-
WDAY Jan	-	-	-	$1.3B	$1.9B	$2.2B	$2.8B
ROP Dec	-	-	-	-	-	-	-
COHR Jun	$428.0M	-	$99.0M	$198.0M	$198.9M	$192.8M	−$1.0B
FTNT Dec	$957.8M	$1.2B	$1.4B	$1.7B	$1.9B	$2.2B	-
ADSK Jan	$1.4B	$1.3B	$1.5B	$2.0B	$1.3B	$1.6B	$2.4B
PANW Jul	$821.3M	$1.4B	$1.8B	$2.6B	$3.1B	$3.5B	$4.1B
NTAP Apr	$936.0M	$1.2B	$985.0M	$868.0M	$1.5B	$1.3B	$1.9B
PLTR Dec	−$308.8M	$321.2M	$183.7M	$697.1M	$1.1B	$2.1B	-
Peer median	$836.6M	$1.3B	$1.4B	$1.4B	$1.4B	$1.8B	$2.4B

FCF margin, FY2020 to FY2026

Free cash flow / revenue.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	10.3%	23.9%	14.6%	18.3%	18.8%	24.2%	17.0%
SNPS Oct	22.7%	33.3%	31.5%	28.5%	20.7%	19.1%	-
WDAY Jan	-	-	-	20.8%	26.4%	26.0%	29.1%
ROP Dec	-	-	-	-	-	-	-
COHR Jun	13.8%	-	3.0%	3.8%	4.2%	3.3%	−14.4%
FTNT Dec	36.9%	36.0%	32.8%	32.6%	31.6%	32.7%	-
ADSK Jan	41.6%	35.5%	33.6%	40.6%	23.3%	25.6%	33.4%
PANW Jul	24.1%	32.6%	32.6%	38.2%	38.6%	37.6%	35.8%
NTAP Apr	17.3%	20.4%	15.6%	13.6%	24.4%	20.4%	27.0%
PLTR Dec	−28.3%	20.8%	9.6%	31.3%	39.8%	46.9%	-
Peer median	22.7%	32.9%	31.5%	29.9%	25.4%	25.8%	29.1%

Return on equity, FY2020 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	18.3%	−3.3%	−2.7%	−1.0%	−6.3%	−6.6%	18.7%
SNPS Oct	13.5%	14.3%	17.9%	20.0%	25.2%	4.7%	-
WDAY Jan	−19.3%	−8.6%	0.6%	−6.6%	17.1%	5.8%	8.9%
ROP Dec	9.1%	10.0%	28.3%	7.9%	8.2%	7.7%	-
COHR Jun	8.7%	-	6.5%	−5.2%	−3.0%	0.9%	7.4%
FTNT Dec	57.1%	77.6%	n/m	n/m	116.8%	149.8%	-
ADSK Jan	n/m	125.2%	58.5%	71.9%	48.8%	42.4%	36.9%
PANW Jul	−24.2%	−78.6%	−127.1%	25.2%	49.9%	14.5%	1.1%
NTAP Apr	n/m	106.6%	111.8%	109.9%	86.0%	114.0%	94.4%
PLTR Dec	−76.6%	−22.7%	−14.6%	6.0%	9.2%	22.0%	-
Peer median	8.7%	12.1%	12.2%	14.0%	25.2%	14.5%	8.9%

Debt / equity, FY2020 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	-	0.17	0.29	0.32	0.29	0.31	0.35
SNPS Oct	0.03	0.02	0.00	0.00	0.00	0.48	-
WDAY Jan	0.51	0.55	0.41	0.53	0.37	0.33	0.38
ROP Dec	0.91	0.69	0.42	0.36	0.40	0.47	-
COHR Jun	0.40	-	0.64	0.86	0.79	0.65	0.30
FTNT Dec	0.00	1.26	n/m	n/m	0.67	0.81	-
ADSK Jan	n/m	1.71	3.12	2.01	1.24	0.88	0.82
PANW Jul	2.80	5.08	17.51	1.14	-	-	-
NTAP Apr	6.89	3.84	3.15	2.06	2.09	3.11	1.84
PLTR Dec	0.13	0.00	-	-	-	-	-
Peer median	0.46	0.97	0.64	0.86	0.67	0.65	0.60

EPS (diluted), FY2020 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
MRVL Jan	$2.34	−$0.41	−$0.53	−$0.19	−$1.08	−$1.02	$3.07
SNPS Oct	$4.27	$4.81	$6.29	$7.92	$14.51	$8.04	-
WDAY Jan	−$2.12	−$1.19	$0.12	−$1.44	$5.21	$1.95	$2.59
ROP Dec	$8.98	$10.82	$42.55	$12.89	$14.35	$14.20	-
COHR Jun	$2.37	-	$1.45	−$2.93	−$1.84	−$0.52	$4.12
FTNT Dec	$0.58	$0.73	$1.06	$1.46	$2.26	$2.42	-
ADSK Jan	$0.96	$5.44	$2.24	$3.78	$4.19	$5.12	$5.23
PANW Jul	−$0.46	−$0.86	−$0.45	$0.64	$3.64	$1.60	$0.40
NTAP Apr	$3.52	$3.23	$4.09	$5.79	$4.63	$5.67	$6.35
PLTR Dec	−$1.20	−$0.27	−$0.18	$0.09	$0.19	$0.63	-
Peer median	$0.96	$1.98	$1.45	$1.46	$4.19	$2.42	$4.12

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out MRVL and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on MRVL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MRVL/export.csv") into a cell.