Marvell Technology (MRVL)
Market Price (9/18/2025): $71.68 | Market Cap: $61.8 BilSector: Information Technology | Industry: Semiconductors
Marvell Technology (MRVL)
Market Price (9/18/2025): $71.68Market Cap: $61.8 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% | Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -18% | Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 596x |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% | |
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44% |
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 37% |
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 21% |
Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -44% |
Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -18% |
Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 596x |
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.2% |
Market Valuation
9/18/25 | 2024 | 2023 | 2022 | |
---|---|---|---|---|
Share Price CYE | $71.68 | $110.18 | $59.95 | $36.62 |
Market Cap CYE ($ Bil) | 61.8 | 95.4 | 51.7 | 31.2 |
Total Debt ($ Bil) | 4.8 | 4.3 | 4.4 | 4.7 |
Total Cash ($ Bil) | 1.2 | 0.9 | 1.0 | 0.9 |
Enterprise Value ($ Bil) | 65.4 | 99.7 | 56.1 | 35.9 |
Valuation Ratios | ||||
P/S TTM | 8.6 | 16.6 | 9.4 | 5.3 |
P/EBIT TTM | 602.1 | -135.5 | -95.0 | 123.3 |
P/E TTM | -598.0 | -108.0 | -55.6 | -192.9 |
Sector Ratios | ||||
P/S TTM (Sector) | 3.2 | 3.1 | 2.8 | 2.5 |
P/EBIT TTM (Sector) | 3.9 | -0.0 | -0.1 | -0.5 |
P/E TTM (Sector) | -0.4 | -0.3 | -0.4 | -0.5 |
9/18/25 | 2024 | |
---|---|---|
Share Price CYE | $71.68 | $110.18 |
Market Cap CYE ($ Bil) | 61.8 | 95.4 |
Total Debt ($ Bil) | 4.8 | 4.3 |
Total Cash ($ Bil) | 1.2 | 0.9 |
Enterprise Value ($ Bil) | 65.4 | 99.7 |
Valuation Ratios | ||
P/S TTM | 8.6 | 16.6 |
P/EBIT TTM | 602.1 | -135.5 |
P/E TTM | -598.0 | -108.0 |
Sector Ratios | ||
P/S TTM (Sector) | 3.2 | 3.1 |
P/EBIT TTM (Sector) | 3.9 | -0.0 |
P/E TTM (Sector) | -0.4 | -0.3 |
Business Description
Marvell 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.
Show more
Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
MRVL Return | 80% | 85% | -57% | 64% | 84% | -36% | 160% |
Peers Return | 65% | 53% | -4% | 89% | 52% | 34% | 834% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: KLAC, MCHP, FSLR, NVDA, AVGO. See MRVL Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Marvell Technology
Financials
Median | |
---|---|
Name | |
Mkt Price | 190.50 |
Mkt Cap | 96.0 |
Rev LTM | 9,696 |
Op Inc LTM | 3,194 |
FCF LTM | 2,636 |
FCF 3Y Avg | 2,692 |
CFO LTM | 2,963 |
CFO 3Y Avg | 2,985 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 25.9% |
Rev Chg 3Y Avg | 15.4% |
Rev Chg Q | 22.8% |
QoQ Delta Rev Chg LTM | 5.1% |
Op Mgn LTM | 35.6% |
Op Mgn 3Y Avg | 31.1% |
QoQ Delta Op Mgn LTM | 0.6% |
CFO/Rev LTM | 29.5% |
CFO/Rev 3Y Avg | 33.1% |
FCF/Rev LTM | 26.0% |
FCF/Rev 3Y Avg | 29.8% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 96.0 |
P/S | 9.6 |
P/EBIT | 56.1 |
P/E | 25.0 |
P/CFO | 49.2 |
Total Yield | 1.6% |
Dividend Yield | 0.2% |
FCF Yield 3Y Avg | 2.6% |
D/E | 0.0 |
Net D/E | 0.0 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -1.8% |
3M Rtn | 15.5% |
6M Rtn | 41.6% |
12M Rtn | 16.5% |
3Y Rtn | 129.8% |
1M Excs Rtn | -4.1% |
3M Excs Rtn | 4.3% |
6M Excs Rtn | 26.2% |
12M Excs Rtn | -3.0% |
3Y Excs Rtn | 59.3% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Design, development and sale of integrated circuits | 5,508 | 5,920 | 4,462 | 2,969 | |
Networking | 1,378 | ||||
Other | 184 | ||||
Storage | 1,138 | ||||
Total | 5,508 | 5,920 | 4,462 | 2,969 | 2,699 |
$ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|---|
Design, development and sale of integrated circuits | -933 | -164 | |||
Total | -933 | -164 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/28/2025 | -18.6% | -18.0% | |
5/29/2025 | -5.6% | 2.2% | 21.4% |
3/5/2025 | -19.8% | -22.5% | -38.3% |
12/3/2024 | 23.2% | 11.2% | 23.2% |
8/29/2024 | 9.2% | -5.2% | 3.3% |
5/30/2024 | -10.5% | -11.4% | -7.6% |
3/7/2024 | -11.4% | -22.3% | -15.5% |
11/30/2023 | -5.3% | -6.4% | 4.4% |
... | |||
SUMMARY STATS | |||
# Positive | 6 | 8 | 8 |
# Negative | 12 | 10 | 10 |
Median Positive | 13.4% | 7.3% | 19.4% |
Median Negative | -6.1% | -11.4% | -15.5% |
Max Positive | 32.4% | 26.7% | 25.9% |
Max Negative | -19.8% | -22.5% | -38.3% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
7312025 | 8292025 | 10-Q 8/2/2025 |
4302025 | 5302025 | 10-Q 5/3/2025 |
1312025 | 3122025 | 10-K 2/1/2025 |
10312024 | 12042024 | 10-Q 11/2/2024 |
7312024 | 8302024 | 10-Q 8/3/2024 |
4302024 | 5312024 | 10-Q 5/4/2024 |
1312024 | 3132024 | 10-K 2/3/2024 |
10312023 | 12012023 | 10-Q 10/28/2023 |
7312023 | 8252023 | 10-Q 7/29/2023 |
4302023 | 5262023 | 10-Q 4/29/2023 |
1312023 | 3092023 | 10-K 1/28/2023 |
10312022 | 12022022 | 10-Q 10/29/2022 |
7312022 | 8262022 | 10-Q 7/30/2022 |
4302022 | 5272022 | 10-Q 4/30/2022 |
1312022 | 3102022 | 10-K 1/29/2022 |
10312021 | 12032021 | 10-Q 10/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Casper Mark | EVP & Chief Legal Officer | 7212025 | Sell | 72.35 | 3,000 | 217,050 | 1,241,743 | Form |
1 | Meintjes Willem A | Chief Financial Officer | 6162025 | Sell | 68.52 | 1,500 | 102,780 | 8,314,765 | Form |
2 | Dixon Panteha | Chief Accounting Officer | 6162025 | Sell | 68.50 | 1,283 | 87,886 | 2,025,682 | Form |
3 | Koopmans Chris | Chief Operating Officer | 5152025 | Sell | 65.10 | 6,000 | 390,600 | 5,993,431 | Form |
4 | Meintjes Willem A | Chief Financial Officer | 5152025 | Sell | 64.75 | 1,500 | 97,125 | 7,954,408 | Form |
External Quote Links
Y Finance | Barrons |
TradingView | Morningstar |
SeekingAlpha | ValueLine |
Motley Fool | Robinhood |
CNBC | Etrade |
MarketWatch | Unusual Whales |
YCharts | Perplexity Finance |
FinViz |