Marvell Technology (MRVL) Financials

$59.28 -4.45 (-6.98%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$59.93 +0.65 (+1.10%)

As of 05/30/2025 07:59 PM Eastern

Annual Income Statements for Marvell Technology

This table shows Marvell Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Net Income / (Loss) Attributable to Common Shareholders	-885	-933	-164	-421	-277	1,584
Consolidated Net Income / (Loss)	-885	-933	-164	-421	-277	1,584
Net Income / (Loss) Continuing Operations	-885	-933	-164	-421	-277	1,584
Total Pre-Tax Income	-895	-759	85	-484	-322	798
Total Operating Income	-720	-568	238	-348	-258	-243
Total Gross Profit	2,382	2,294	2,988	2,064	1,488	1,357
Total Revenue	5,767	5,508	5,920	4,462	2,969	2,699
Operating Revenue	5,767	5,508	5,920	4,462	2,969	2,699
Total Cost of Revenue	3,385	3,214	2,932	2,398	1,481	1,342
Operating Cost of Revenue	3,385	3,214	2,932	2,398	1,481	1,342
Total Operating Expenses	3,103	2,861	2,750	2,412	1,747	1,600
Selling, General & Admin Expense	798	834	844	955	-	-
Research & Development Expense	1,950	1,896	1,784	1,424	1,073	1,080
Restructuring Charge	354	131	22	32	171	55
Other Special Charges / (Income)	0.00	0.00	100	0.00	36	0.00
Total Other Income / (Expense), net	-174	-191	-153	-136	-64	1,042
Interest Expense	189	212	171	139	69	86
Interest & Investment Income	15	21	18	0.80	2.60	4.82
Income Tax Expense	-9.70	175	249	-63	-45	-786
Basic Earnings per Share	($1.02)	($1.08)	($0.19)	($0.53)	($0.41)	$2.38
Weighted Average Basic Shares Outstanding	865.50M	861.30M	851.40M	796.90M	668.80M	664.71M
Diluted Earnings per Share	($1.02)	($1.08)	($0.19)	($0.53)	($0.41)	$2.34
Weighted Average Diluted Shares Outstanding	865.50M	861.30M	851.40M	796.90M	668.80M	676.09M
Weighted Average Basic & Diluted Shares Outstanding	866.10M	866M	856.90M	847.80M	-	-
Cash Dividends to Common per Share	$0.24	$0.24	$0.24	$0.24	$0.24	$0.24

This table shows Marvell Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Income / (Loss) Attributable to Common Shareholders	200	-676	-193	-216	-393	-164	-208	-169	-15	13	4.30
Consolidated Net Income / (Loss)	200	-676	-193	-216	-393	-164	-208	-169	-15	13	4.30
Net Income / (Loss) Continuing Operations	200	-676	-193	-216	-393	-164	-208	-169	-15	13	4.30
Total Pre-Tax Income	200	-751	-146	-198	-87	-188	-252	-232	-23	65	3.80
Total Operating Income	235	-703	-100	-152	-33	-146	-206	-182	23	106	39
Total Gross Profit	917	349	588	528	664	551	521	557	673	777	786
Total Revenue	1,817	1,516	1,273	1,161	1,427	1,419	1,341	1,322	1,419	1,537	1,517
Operating Revenue	1,817	1,516	1,273	1,161	1,427	1,419	1,341	1,322	1,419	1,537	1,517
Total Cost of Revenue	900	1,167	685	633	762	867	820	765	745	760	731
Operating Cost of Revenue	900	1,167	685	633	762	867	820	765	745	760	731
Total Operating Expenses	682	1,052	688	680	697	698	727	740	650	672	747
Selling, General & Admin Expense	196	205	197	200	212	213	210	199	188	208	212
Research & Development Expense	499	489	487	476	460	481	475	481	443	448	449
Restructuring Charge	-13	358	4.00	4.10	26	3.40	42	60	3.50	16	1.20
Total Other Income / (Expense), net	-35	-48	-46	-46	-54	-41	-46	-50	-47	-41	-35
Interest Expense	45	47	48	49	53	53	54	53	49	45	40
Interest & Investment Income	9.60	-0.50	2.60	3.30	-1.40	11	7.90	2.80	15	1.50	0.80
Income Tax Expense	-0.40	-74	47	18	305	-23	-44	-63	-7.80	52	-0.50
Basic Earnings per Share	$0.23	($0.78)	($0.22)	($0.25)	($0.45)	($0.19)	($0.24)	($0.20)	($0.02)	$0.02	$0.01
Weighted Average Basic Shares Outstanding	865.50M	865.70M	865.70M	865M	861.30M	862.60M	860.90M	856.70M	851.40M	852.60M	850.90M
Diluted Earnings per Share	$0.23	($0.78)	($0.22)	($0.25)	($0.45)	($0.19)	($0.24)	($0.20)	($0.02)	$0.02	$0.01
Weighted Average Diluted Shares Outstanding	865.50M	865.70M	865.70M	865M	861.30M	862.60M	860.90M	856.70M	851.40M	858.40M	857.90M
Weighted Average Basic & Diluted Shares Outstanding	866.10M	865.30M	866.20M	865.60M	866M	864.50M	862.80M	860M	856.90M	853.20M	852.60M

This table details how cash moves in and out of Marvell Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Net Change in Cash & Equivalents	-2.50	40	298	-135	101	65
Net Cash From Operating Activities	1,681	1,371	1,289	819	817	360
Net Cash From Continuing Operating Activities	1,681	1,371	1,289	819	817	360
Net Income / (Loss) Continuing Operations	-885	-933	-164	-421	-277	1,584
Consolidated Net Income / (Loss)	-885	-933	-164	-421	-277	1,584
Depreciation Expense	304	300	305	266	198	157
Amortization Expense	1,053	1,098	1,126	1,001	471	375
Non-Cash Adjustments To Reconcile Net Income	1,192	698	621	730	397	-780
Changes in Operating Assets and Liabilities, net	17	209	-599	-757	28	-976
Net Cash From Investing Activities	-301	-351	-328	-3,745	-120	559
Net Cash From Continuing Investing Activities	-301	-351	-328	-3,745	-120	559
Purchase of Property, Plant & Equipment	-285	-336	-206	-169	-107	-82
Acquisitions	-17	-14	-123	-3,573	-13	-1,076
Other Investing Activities, net	1.30	-0.30	1.20	-3.20	-0.10	-1.06
Net Cash From Financing Activities	-1,383	-980	-663	2,791	-597	-854
Net Cash From Continuing Financing Activities	-1,383	-980	-663	2,791	-597	-854
Repayment of Debt	-110	-1,644	-265	-538	-252	-1,257
Repurchase of Common Equity	-725	-150	-115	0.00	-63	-364
Payment of Dividends	-208	-207	-204	-191	-161	-160
Issuance of Debt	0.00	1,295	200	3,896	0.00	950
Issuance of Common Equity	88	99	91	85	87	147
Other Financing Activities, net	-429	-374	-370	-461	-208	-171

This table details how cash moves in and out of Marvell Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Net Change in Cash & Equivalents	80	59	-39	-103	225	302	-605	117	188	106	152
Net Cash From Operating Activities	514	536	306	325	547	503	113	208	352	411	332
Net Cash From Continuing Operating Activities	514	536	306	325	547	503	113	208	352	411	332
Net Income / (Loss) Continuing Operations	200	-676	-193	-216	-393	-164	-208	-169	-15	13	4.30
Consolidated Net Income / (Loss)	200	-676	-193	-216	-393	-164	-208	-169	-15	13	4.30
Depreciation Expense	79	77	76	73	74	72	76	78	78	74	77
Amortization Expense	247	265	276	265	286	270	272	270	312	270	272
Non-Cash Adjustments To Reconcile Net Income	176	689	168	159	171	178	183	166	115	191	168
Changes in Operating Assets and Liabilities, net	-188	182	-20	44	408	148	-210	-137	-137	-137	-190
Net Cash From Investing Activities	-70	-76	-53	-102	-76	-55	-117	-103	-64	-52	-130
Net Cash From Continuing Investing Activities	-70	-76	-53	-102	-76	-55	-117	-103	-64	-52	-130
Purchase of Property, Plant & Equipment	-70	-75	-48	-92	-71	-54	-111	-100	-54	-43	-73
Acquisitions	-0.80	-0.50	-16	-0.50	-5.10	-0.30	-5.70	-2.80	-11	-9.30	-57
Other Investing Activities, net	0.40	-	11	-9.90	-0.10	0.10	-0.20	-0.10	1.10	0.10	-0.10
Net Cash From Financing Activities	-364	-401	-292	-326	-245	-146	-600	12	-100	-253	-50
Net Cash From Continuing Financing Activities	-364	-401	-292	-326	-245	-146	-600	12	-100	-253	-50
Repayment of Debt	-33	-33	-22	-22	-36	-1,014	-572	-22	-22	-91	-141
Repurchase of Common Equity	-200	-200	-175	-150	-100	-50	-	0.00	-	-50	-50
Payment of Dividends	-52	-52	-52	-52	-52	-52	-52	-51	-51	-51	-51
Issuance of Common Equity	35	0.80	49	2.30	38	0.70	53	7.50	39	1.10	49
Other Financing Activities, net	-114	-118	-93	-104	-95	-77	-80	-123	-65	-62	-56

This table presents Marvell Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021
Total Assets	20,205	21,229	22,522	22,109	10,765
Total Current Assets	3,120	3,063	3,281	2,493	1,617
Cash & Equivalents	948	951	911	614	748
Accounts Receivable	1,028	1,122	1,192	1,049	537
Inventories, net	1,030	864	1,068	720	268
Prepaid Expenses	114	126	110	111	64
Plant, Property, & Equipment, net	791	756	577	463	326
Total Noncurrent Assets	16,294	17,410	18,664	19,152	8,822
Goodwill	11,587	11,587	11,587	11,511	5,337
Intangible Assets	2,711	4,004	5,102	6,153	2,271
Noncurrent Deferred & Refundable Income Taxes	401	312	466	494	672
Other Noncurrent Operating Assets	1,595	1,507	1,509	994	542
Total Liabilities & Shareholders' Equity	20,205	21,229	22,522	22,109	10,765
Total Liabilities	6,778	6,397	6,885	6,407	2,329
Total Current Liabilities	2,027	1,814	2,387	1,389	1,077
Short-Term Debt	130	107	584	63	200
Accounts Payable	622	411	466	462	252
Accrued Expenses	973	1,033	1,092	623	436
Current Employee Benefit Liabilities	303	263	245	241	189
Total Noncurrent Liabilities	4,751	4,583	4,498	5,018	1,252
Long-Term Debt	3,934	4,059	3,908	4,485	993
Other Noncurrent Operating Liabilities	816	524	591	533	259
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,427	14,831	15,637	15,702	8,436
Total Preferred & Common Equity	13,427	14,831	15,637	15,702	8,436
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,427	14,831	15,637	15,702	8,436
Common Stock	14,536	14,847	14,514	14,211	6,332
Retained Earnings	-1,109	-17	1,124	1,491	2,103
Accumulated Other Comprehensive Income / (Loss)	0.40	1.10	0.00	-	-

This table presents Marvell Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	11/2/2024	8/3/2024	5/4/2024	10/28/2023	7/29/2023	4/29/2023	10/29/2022	7/30/2022	4/30/2022	10/30/2021
Total Assets	19,716	20,293	20,491	21,714	21,750	22,273	22,522	22,162	22,039	22,019
Total Current Assets	2,817	2,764	2,648	2,973	2,767	3,203	3,179	2,915	2,599	2,245
Cash & Equivalents	868	809	848	726	423	1,028	723	617	465	524
Accounts Receivable	998	1,060	882	1,215	1,209	1,001	1,391	1,291	1,191	978
Inventories, net	859	818	826	942	1,016	1,026	958	913	836	629
Prepaid Expenses	91	77	92	92	119	148	108	94	107	114
Plant, Property, & Equipment, net	782	782	758	702	694	636	522	508	502	444
Total Noncurrent Assets	16,117	16,748	17,085	18,040	18,289	18,434	18,821	18,739	18,938	19,330
Goodwill	11,587	11,587	11,587	11,587	11,587	11,587	11,579	11,579	11,539	11,446
Intangible Assets	2,958	3,463	3,739	4,290	4,560	4,832	5,373	5,643	5,888	6,439
Noncurrent Deferred & Refundable Income Taxes	407	348	327	760	701	608	452	311	332	529
Other Noncurrent Operating Assets	1,166	1,350	1,432	1,403	1,441	1,407	1,418	1,207	1,179	915
Total Liabilities & Shareholders' Equity	19,716	20,293	20,491	21,714	21,750	22,273	22,522	22,162	22,039	22,019
Total Liabilities	6,343	6,089	6,012	6,481	6,361	6,779	6,963	6,632	6,574	6,332
Total Current Liabilities	1,764	1,547	1,468	1,880	2,685	3,061	2,420	2,156	1,554	1,238
Short-Term Debt	129	129	118	96	1,019	1,518	584	654	74	52
Accounts Payable	538	453	321	419	413	388	476	490	553	441
Accrued Expenses	825	764	861	1,119	1,069	971	1,112	824	735	522
Current Employee Benefit Liabilities	271	200	168	245	185	185	248	188	192	223
Total Noncurrent Liabilities	4,579	4,542	4,545	4,601	3,675	3,718	4,543	4,476	5,020	5,095
Long-Term Debt	3,966	3,997	4,028	4,090	3,135	3,155	3,928	3,947	4,465	4,504
Other Noncurrent Operating Liabilities	614	546	517	512	541	563	615	529	554	591
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	13,373	14,205	14,479	15,233	15,390	15,494	15,559	15,530	15,465	15,686
Total Preferred & Common Equity	13,373	14,205	14,479	15,233	15,390	15,494	15,559	15,530	15,465	15,686
Total Common Equity	13,373	14,205	14,479	15,233	15,390	15,494	15,559	15,530	15,465	15,686
Common Stock	14,631	14,735	14,762	14,807	14,747	14,592	14,370	14,302	14,190	14,150
Retained Earnings	-1,258	-529	-284	428	644	903	1,190	1,228	1,275	1,536
Accumulated Other Comprehensive Income / (Loss)	-0.30	-0.40	0.40	-1.40	-1.00	-0.90	-0.80	-	-	-

This table displays calculated financial ratios and metrics derived from Marvell Technology's official financial filings.

Metric	2025	2024	2023	2022	2021	2020
Period end date	2/1/2025	2/3/2024	1/28/2023	1/29/2022	1/30/2021	2/1/2020
Growth Metrics	-	-	-	-	-	-
Revenue Growth	4.71%	-6.96%	32.66%	50.30%	9.99%	0.00%
EBITDA Growth	-23.30%	-50.27%	81.04%	123.06%	-70.70%	0.00%
EBIT Growth	-26.88%	-338.53%	168.99%	-35.03%	-129.06%	0.00%
NOPAT Growth	-26.88%	13.09%	-87.87%	-34.56%	62.55%	0.00%
Net Income Growth	5.19%	-470.89%	61.16%	-51.82%	-117.50%	0.00%
EPS Growth	5.56%	-468.42%	64.15%	-29.27%	-117.52%	0.00%
Operating Cash Flow Growth	22.67%	6.34%	57.31%	0.24%	126.84%	0.00%
Free Cash Flow Firm Growth	29.10%	2,087.60%	99.65%	-21.40%	0.00%	0.00%
Invested Capital Growth	-8.33%	-6.10%	-2.13%	121.13%	0.00%	0.00%
Revenue Q/Q Growth	7.27%	0.15%	1.29%	13.92%	0.00%	0.00%
EBITDA Q/Q Growth	54.14%	-6.52%	-1.68%	40.90%	0.00%	0.00%
EBIT Q/Q Growth	27.15%	-11.07%	-9.75%	10.24%	0.00%	0.00%
NOPAT Q/Q Growth	27.15%	-11.07%	-42.64%	9.49%	0.00%	0.00%
Net Income Q/Q Growth	40.12%	-67.85%	-15.22%	-2.52%	0.00%	0.00%
EPS Q/Q Growth	40.00%	-66.15%	-26.67%	-1.92%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-1.90%	16.60%	0.41%	29.76%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-28.68%	161.86%	-175.50%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-0.34%	-3.46%	-0.67%	-0.42%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	41.31%	41.64%	50.47%	46.26%	50.13%	50.27%
EBITDA Margin	11.04%	15.07%	28.19%	20.66%	13.92%	52.26%
Operating Margin	-12.49%	-10.31%	4.02%	-7.79%	-8.70%	-9.02%
EBIT Margin	-12.49%	-10.31%	4.02%	-7.73%	-8.61%	32.57%
Profit (Net Income) Margin	-15.35%	-16.95%	-2.76%	-9.43%	-9.34%	58.70%
Tax Burden Percent	98.92%	123.03%	-192.13%	87.07%	86.06%	198.45%
Interest Burden Percent	124.21%	133.64%	35.76%	140.14%	126.11%	90.81%
Effective Tax Rate	0.00%	0.00%	292.13%	0.00%	0.00%	-98.45%
Return on Invested Capital (ROIC)	-2.92%	-2.13%	-2.35%	-1.71%	-4.07%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-14.95%	-17.91%	5.46%	-9.82%	-47.47%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-3.35%	-3.99%	1.31%	-1.78%	-2.50%	0.00%
Return on Equity (ROE)	-6.26%	-6.13%	-1.04%	-3.49%	-6.57%	0.00%
Cash Return on Invested Capital (CROIC)	5.78%	4.16%	-0.20%	-77.15%	-204.07%	0.00%
Operating Return on Assets (OROA)	-3.48%	-2.60%	1.07%	-2.10%	-2.37%	0.00%
Return on Assets (ROA)	-4.27%	-4.27%	-0.73%	-2.56%	-2.58%	0.00%
Return on Common Equity (ROCE)	-6.26%	-6.13%	-1.04%	-3.49%	-6.57%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-6.59%	-6.29%	-1.05%	-2.68%	-3.29%	0.00%
Net Operating Profit after Tax (NOPAT)	-504	-397	-457	-243	-181	-483
NOPAT Margin	-8.74%	-7.22%	-7.72%	-5.45%	-6.09%	-17.89%
Net Nonoperating Expense Percent (NNEP)	12.03%	15.77%	-7.82%	8.11%	43.40%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-2.88%	-2.09%	-2.27%	-	-	-
Cost of Revenue to Revenue	58.69%	58.36%	49.53%	53.74%	49.87%	49.73%
SG&A Expenses to Revenue	13.84%	15.14%	14.25%	21.41%	0.00%	0.00%
R&D to Revenue	33.82%	34.43%	30.14%	31.92%	36.13%	40.03%
Operating Expenses to Revenue	53.79%	51.95%	46.45%	54.05%	58.83%	59.29%
Earnings before Interest and Taxes (EBIT)	-720	-568	238	-345	-256	879
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	637	830	1,669	922	413	1,411
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	7.27	3.92	2.40	3.52	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	16.93	10.57	6.33	12.40	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.21%	0.36%	0.55%	0.37%	0.47%	1.02%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.09	3.40	2.14	3.02	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	17.47	11.15	6.93	13.28	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	158.30	74.00	24.59	64.28	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	172.46	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	59.94	44.82	31.85	72.32	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	100.79	79.31	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.30	0.28	0.29	0.29	0.14	0.00
Long-Term Debt to Equity	0.29	0.27	0.25	0.29	0.12	0.00
Financial Leverage	0.22	0.22	0.24	0.18	0.05	0.00
Leverage Ratio	1.47	1.44	1.42	1.36	1.28	0.00
Compound Leverage Factor	1.82	1.92	0.51	1.91	1.61	0.00
Debt to Total Capital	23.23%	21.93%	22.32%	22.46%	12.39%	0.00%
Short-Term Debt to Total Capital	0.74%	0.56%	2.90%	0.31%	2.07%	0.00%
Long-Term Debt to Total Capital	22.49%	21.36%	19.41%	22.15%	10.31%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.77%	78.07%	77.68%	77.54%	87.61%	0.00%
Debt to EBITDA	6.38	5.02	2.69	4.93	2.89	0.00
Net Debt to EBITDA	4.89	3.87	2.15	4.27	1.08	0.00
Long-Term Debt to EBITDA	6.18	4.89	2.34	4.86	2.40	0.00
Debt to NOPAT	-8.06	-10.48	-9.82	-18.69	-6.59	0.00
Net Debt to NOPAT	-6.18	-8.09	-7.83	-16.17	-2.46	0.00
Long-Term Debt to NOPAT	-7.80	-10.21	-8.55	-18.43	-5.49	0.00
Altman Z-Score	8.80	5.70	3.68	5.49	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	1.54	1.69	1.37	1.80	1.50	0.00
Quick Ratio	0.98	1.14	0.88	1.20	1.19	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,000	774	-39	-11,000	-9,061	0.00
Operating Cash Flow to CapEx	590.72%	407.52%	625.02%	484.22%	765.26%	439.81%
Free Cash Flow to Firm to Interest Expense	5.28	3.66	-0.23	-78.97	-130.75	0.00
Operating Cash Flow to Interest Expense	8.88	6.47	7.55	5.88	11.79	4.21
Operating Cash Flow Less CapEx to Interest Expense	7.37	4.89	6.35	4.67	10.25	3.25
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.28	0.25	0.27	0.27	0.28	0.00
Accounts Receivable Turnover	5.36	4.76	5.28	5.63	5.53	0.00
Inventory Turnover	3.57	3.33	3.28	4.85	5.52	0.00
Fixed Asset Turnover	7.46	8.26	11.38	11.31	9.10	0.00
Accounts Payable Turnover	6.55	7.33	6.32	6.72	5.87	0.00
Days Sales Outstanding (DSO)	68.03	76.67	69.08	64.83	65.98	0.00
Days Inventory Outstanding (DIO)	102.12	109.74	111.33	75.23	66.12	0.00
Days Payable Outstanding (DPO)	55.72	49.80	57.72	54.33	62.23	0.00
Cash Conversion Cycle (CCC)	114.43	136.61	122.69	85.73	69.88	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	16,543	18,047	19,218	19,637	8,880	0.00
Invested Capital Turnover	0.33	0.30	0.30	0.31	0.67	0.00
Increase / (Decrease) in Invested Capital	-1,504	-1,172	-418	10,756	8,880	0.00
Enterprise Value (EV)	100,773	61,419	41,046	59,256	0.00	0.00
Market Capitalization	97,658	58,204	37,465	55,321	0.00	0.00
Book Value per Share	$15.52	$17.16	$18.33	$18.61	$12.61	$0.00
Tangible Book Value per Share	($1.01)	($0.88)	($1.23)	($2.33)	$1.24	$0.00
Total Capital	17,491	18,997	20,129	20,250	9,629	0.00
Total Debt	4,064	4,166	4,492	4,548	1,193	0.00
Total Long-Term Debt	3,934	4,059	3,908	4,485	993	0.00
Net Debt	3,116	3,215	3,581	3,935	444	0.00
Capital Expenditures (CapEx)	285	336	206	169	107	82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	275	405	568	555	-8.78	0.00
Debt-free Net Working Capital (DFNWC)	1,223	1,356	1,479	1,168	740	0.00
Net Working Capital (NWC)	1,094	1,249	894	1,105	540	0.00
Net Nonoperating Expense (NNE)	381	536	-294	178	96	-2,067
Net Nonoperating Obligations (NNO)	3,116	3,215	3,581	3,935	444	0.00
Total Depreciation and Amortization (D&A)	1,357	1,398	1,431	1,267	669	532
Debt-free, Cash-free Net Working Capital to Revenue	4.76%	7.35%	9.59%	12.43%	-0.30%	0.00%
Debt-free Net Working Capital to Revenue	21.21%	24.62%	24.98%	26.17%	24.91%	0.00%
Net Working Capital to Revenue	18.96%	22.67%	15.11%	24.76%	18.19%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.02)	($1.08)	($0.19)	($0.53)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	865.50M	861.30M	851.40M	796.86M	0.00	0.00
Adjusted Diluted Earnings per Share	($1.02)	($1.08)	($0.19)	($0.53)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	865.50M	861.30M	851.40M	796.86M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	866.10M	866M	856.90M	847.80M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-256	-306	252	-221	-36	-132
Normalized NOPAT Margin	-4.45%	-5.55%	4.25%	-4.95%	-1.22%	-4.88%
Pre Tax Income Margin	-15.51%	-13.78%	1.44%	-10.84%	-10.85%	29.58%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-3.80	-2.68	1.40	-2.48	-3.69	10.27
NOPAT to Interest Expense	-2.66	-1.88	-2.68	-1.75	-2.61	-5.64
EBIT Less CapEx to Interest Expense	-5.31	-4.27	0.19	-3.69	-5.23	9.31
NOPAT Less CapEx to Interest Expense	-4.16	-3.47	-3.89	-2.96	-4.15	-6.60
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	-23.45%	-22.16%	-125.02%	-45.37%	-57.92%	10.07%
Augmented Payout Ratio	-105.37%	-38.23%	-195.35%	-45.37%	-80.71%	33.06%

This table displays calculated financial ratios and metrics derived from Marvell Technology's official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022	7/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.40%	6.87%	-5.07%	-12.17%	0.56%	-7.72%	-11.60%	-8.65%	5.62%	26.92%	40.99%
EBITDA Growth	71.70%	-284.71%	77.68%	11.57%	-20.89%	-56.85%	-63.83%	-60.78%	-3.84%	42.32%	543.91%
EBIT Growth	806.31%	-380.38%	51.19%	16.50%	-242.92%	-234.22%	-580.61%	-343.20%	-36.86%	436.42%	115.95%
NOPAT Growth	1,111.03%	-380.38%	51.19%	16.50%	-242.92%	-575.25%	-425.44%	56.73%	-84.08%	192.17%	123.70%
Net Income Growth	150.98%	-311.63%	6.84%	-27.65%	-2,450.00%	-1,335.34%	-4,925.58%	-1.93%	-348.39%	121.25%	101.56%
EPS Growth	151.11%	-310.53%	8.33%	-25.00%	-2,150.00%	-1,050.00%	-2,500.00%	0.00%	-200.00%	125.00%	102.94%
Operating Cash Flow Growth	-5.96%	6.62%	172.36%	55.71%	55.51%	22.38%	-66.06%	6.98%	1.53%	55.27%	49.26%
Free Cash Flow Firm Growth	51.47%	190.70%	508.80%	358.52%	164.26%	39.97%	142.95%	145.36%	104.08%	101.99%	96.94%
Invested Capital Growth	-8.33%	-11.20%	-8.35%	-7.11%	-6.10%	-3.38%	-2.02%	-2.05%	-2.13%	-1.89%	3.33%
Revenue Q/Q Growth	19.87%	19.11%	9.65%	-18.62%	0.56%	5.79%	1.45%	-6.82%	-7.73%	1.34%	4.84%
EBITDA Q/Q Growth	255.30%	-243.60%	35.85%	-45.13%	67.08%	38.14%	-14.70%	-56.88%	-8.87%	15.79%	-7.49%
EBIT Q/Q Growth	133.47%	-600.00%	34.08%	-357.36%	77.24%	28.88%	-12.77%	-872.88%	-78.62%	154.67%	-42.93%
NOPAT Q/Q Growth	147.90%	-600.00%	34.08%	-357.36%	77.24%	28.88%	-12.77%	-882.83%	-24.31%	-51.30%	115.00%
Net Income Q/Q Growth	129.60%	-249.87%	10.34%	45.10%	-139.01%	20.82%	-22.85%	-996.75%	-215.79%	209.30%	102.60%
EPS Q/Q Growth	129.49%	-254.55%	12.00%	44.44%	-136.84%	20.83%	-20.00%	-900.00%	-200.00%	100.00%	105.00%
Operating Cash Flow Q/Q Growth	-4.16%	75.03%	-5.58%	-40.63%	8.67%	347.11%	-46.02%	-40.71%	-14.48%	23.98%	70.17%
Free Cash Flow Firm Q/Q Growth	8.59%	4.92%	21.71%	9.24%	108.40%	119.72%	-8.34%	-37.04%	10.39%	167.42%	3.19%
Invested Capital Q/Q Growth	-0.34%	-5.26%	-1.43%	-1.49%	-3.46%	-2.23%	-0.10%	-0.42%	-0.67%	-0.85%	-0.13%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.48%	23.05%	46.16%	45.46%	46.55%	38.86%	38.86%	42.16%	47.47%	50.56%	51.82%
EBITDA Margin	30.87%	-23.83%	19.77%	15.95%	22.91%	13.79%	10.56%	12.56%	29.12%	29.49%	25.81%
Operating Margin	12.94%	-46.36%	-7.89%	-13.12%	-2.33%	-10.31%	-15.34%	-13.80%	1.64%	6.88%	2.58%
EBIT Margin	12.94%	-46.36%	-7.89%	-13.12%	-2.33%	-10.31%	-15.34%	-13.80%	1.64%	7.09%	2.82%
Profit (Net Income) Margin	11.02%	-44.61%	-15.19%	-18.57%	-27.53%	-11.58%	-15.47%	-12.78%	-1.09%	0.87%	0.28%
Tax Burden Percent	100.20%	90.11%	132.22%	109.00%	449.83%	87.63%	82.47%	72.71%	66.38%	20.37%	113.16%
Interest Burden Percent	84.95%	106.79%	145.62%	129.88%	262.16%	128.16%	122.31%	127.36%	-99.57%	59.91%	8.88%
Effective Tax Rate	-0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	79.63%	-13.16%
Return on Invested Capital (ROIC)	4.32%	-9.89%	-1.59%	-2.66%	-0.48%	-2.09%	-3.12%	-2.89%	0.35%	0.42%	0.84%
ROIC Less NNEP Spread (ROIC-NNEP)	3.20%	-15.40%	-5.08%	-5.80%	-11.35%	-3.80%	-4.77%	-3.96%	-0.49%	0.21%	-0.14%
Return on Net Nonoperating Assets (RNNOA)	0.72%	-3.60%	-1.21%	-1.34%	-2.53%	-0.89%	-1.19%	-0.99%	-0.12%	0.05%	-0.04%
Return on Equity (ROE)	5.04%	-13.49%	-2.80%	-4.00%	-3.02%	-2.98%	-4.31%	-3.88%	0.23%	0.47%	0.80%
Cash Return on Invested Capital (CROIC)	5.78%	7.94%	7.07%	5.34%	4.16%	1.55%	1.11%	2.02%	-0.20%	0.26%	-2.87%
Operating Return on Assets (OROA)	3.60%	-12.03%	-1.98%	-3.28%	-0.59%	-2.56%	-3.93%	-3.61%	0.44%	1.86%	0.72%
Return on Assets (ROA)	3.07%	-11.58%	-3.81%	-4.64%	-6.93%	-2.88%	-3.96%	-3.34%	-0.29%	0.23%	0.07%
Return on Common Equity (ROCE)	5.04%	-13.49%	-2.80%	-4.00%	-3.02%	-2.98%	-4.31%	-3.88%	0.23%	0.47%	0.80%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-11.05%	-6.80%	-6.77%	0.00%	-3.65%	-2.46%	-1.08%	0.00%	-0.91%	-1.40%
Net Operating Profit after Tax (NOPAT)	236	-492	-70	-107	-23	-102	-144	-128	16	22	44
NOPAT Margin	12.97%	-32.45%	-5.52%	-9.18%	-1.63%	-7.22%	-10.74%	-9.66%	1.15%	1.40%	2.92%
Net Nonoperating Expense Percent (NNEP)	1.12%	5.51%	3.49%	3.14%	10.87%	1.71%	1.65%	1.07%	0.84%	0.21%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	1.35%	-	-	-	-0.12%	-	-	-	0.08%	-	-
Cost of Revenue to Revenue	49.52%	76.95%	53.84%	54.54%	53.45%	61.14%	61.14%	57.84%	52.53%	49.44%	48.18%
SG&A Expenses to Revenue	10.77%	13.54%	15.50%	17.22%	14.86%	15.01%	15.66%	15.06%	13.28%	13.52%	13.96%
R&D to Revenue	27.46%	32.23%	38.24%	41.01%	32.22%	33.91%	35.41%	36.37%	31.24%	29.15%	29.60%
Operating Expenses to Revenue	37.54%	69.40%	54.05%	58.58%	48.89%	49.17%	54.20%	55.96%	45.82%	43.68%	49.24%
Earnings before Interest and Taxes (EBIT)	235	-703	-100	-152	-33	-146	-206	-182	23	109	43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	561	-361	252	185	327	196	142	166	413	453	392
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.27	5.49	3.61	4.09	3.92	2.67	3.61	2.17	2.40	2.23	3.02
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	16.93	13.66	9.72	11.09	10.57	7.39	9.90	5.81	6.33	5.94	8.50
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.21%	0.28%	0.41%	0.35%	0.36%	0.51%	0.37%	0.61%	0.55%	0.59%	0.44%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.09	4.62	3.12	3.52	3.40	2.36	3.10	1.95	2.14	1.99	2.61
Enterprise Value to Revenue (EV/Rev)	17.47	14.26	10.34	11.70	11.15	8.02	10.56	6.44	6.93	6.58	9.22
Enterprise Value to EBITDA (EV/EBITDA)	158.30	185.60	56.30	72.77	74.00	49.66	51.94	26.87	24.59	22.66	32.55
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	172.46	145.91	415.96
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	659.47
Enterprise Value to Operating Cash Flow (EV/OCF)	59.94	44.73	32.49	42.10	44.82	37.51	54.77	28.65	31.85	29.98	44.73
Enterprise Value to Free Cash Flow (EV/FCFF)	100.79	54.68	42.18	63.54	79.31	149.09	277.93	95.34	0.00	745.53	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.31	0.29	0.29	0.28	0.27	0.27	0.30	0.29	0.29	0.30
Long-Term Debt to Equity	0.29	0.30	0.28	0.28	0.27	0.27	0.20	0.20	0.25	0.25	0.25
Financial Leverage	0.22	0.23	0.24	0.23	0.22	0.24	0.25	0.25	0.24	0.25	0.27
Leverage Ratio	1.47	1.45	1.42	1.43	1.44	1.44	1.42	1.43	1.42	1.43	1.42
Compound Leverage Factor	1.25	1.55	2.07	1.85	3.76	1.84	1.74	1.82	-1.42	0.85	0.13
Debt to Total Capital	23.23%	23.44%	22.51%	22.26%	21.93%	21.56%	21.25%	23.17%	22.32%	22.48%	22.85%
Short-Term Debt to Total Capital	0.74%	0.74%	0.71%	0.64%	0.56%	0.50%	5.21%	7.53%	2.90%	2.91%	3.25%
Long-Term Debt to Total Capital	22.49%	22.70%	21.80%	21.63%	21.36%	21.06%	16.04%	15.64%	19.41%	19.57%	19.61%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.77%	76.56%	77.49%	77.74%	78.07%	78.44%	78.75%	76.83%	77.68%	77.52%	77.15%
Debt to EBITDA	6.38	9.92	4.25	4.82	5.02	4.71	3.64	3.36	2.69	2.66	2.94
Net Debt to EBITDA	4.89	7.81	3.42	3.84	3.87	3.90	3.26	2.62	2.15	2.23	2.55
Long-Term Debt to EBITDA	6.18	9.60	4.12	4.68	4.89	4.61	2.74	2.27	2.34	2.31	2.53
Debt to NOPAT	-8.06	-5.92	-13.63	-11.02	-10.48	-11.70	-22.91	-470.07	-9.82	-14.07	59.64
Net Debt to NOPAT	-6.18	-4.66	-10.96	-8.76	-8.09	-9.67	-20.57	-366.62	-7.83	-11.82	51.64
Long-Term Debt to NOPAT	-7.80	-5.73	-13.21	-10.70	-10.21	-11.43	-17.29	-317.39	-8.55	-12.25	51.17
Altman Z-Score	8.96	7.08	5.33	6.20	5.78	4.08	5.52	3.28	3.65	3.38	4.62
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.60	1.79	1.80	1.69	1.58	1.03	1.05	1.37	1.31	1.35
Quick Ratio	0.98	1.06	1.21	1.18	1.14	1.03	0.61	0.66	0.88	0.87	0.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,740	1,602	1,527	1,255	1,148	551	251	274	435	394	-584
Operating Cash Flow to CapEx	735.34%	715.07%	635.68%	354.64%	769.86%	924.63%	101.26%	208.82%	650.93%	962.53%	456.61%
Free Cash Flow to Firm to Interest Expense	38.66	33.94	31.55	25.71	21.83	10.48	4.66	5.19	8.82	8.71	-14.67
Operating Cash Flow to Interest Expense	11.42	11.36	6.33	6.65	10.39	9.56	2.09	3.95	7.13	9.09	8.33
Operating Cash Flow Less CapEx to Interest Expense	9.87	9.77	5.33	4.77	9.04	8.53	0.03	2.06	6.03	8.15	6.51
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.26	0.25	0.25	0.25	0.25	0.26	0.26	0.27	0.26	0.26
Accounts Receivable Turnover	5.36	4.86	4.65	5.68	4.76	4.22	4.49	5.29	5.28	4.93	5.31
Inventory Turnover	3.57	3.61	3.22	3.33	3.33	3.37	3.20	3.22	3.28	3.59	3.94
Fixed Asset Turnover	7.46	7.25	7.16	7.67	8.26	8.99	9.35	10.18	11.38	12.11	11.72
Accounts Payable Turnover	6.55	6.79	6.81	8.69	7.33	7.14	6.84	6.37	6.32	6.20	6.29
Days Sales Outstanding (DSO)	68.03	75.10	78.45	64.26	76.67	86.45	81.22	69.04	69.08	73.98	68.69
Days Inventory Outstanding (DIO)	102.12	101.21	113.50	109.66	109.74	108.41	113.94	113.22	111.33	101.80	92.54
Days Payable Outstanding (DPO)	55.72	53.79	53.62	41.99	49.80	51.11	53.35	57.26	57.72	58.84	58.04
Cash Conversion Cycle (CCC)	114.43	122.52	138.34	131.94	136.61	143.75	141.82	124.99	122.69	116.94	103.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	16,543	16,600	17,522	17,777	18,047	18,694	19,119	19,138	19,218	19,347	19,514
Invested Capital Turnover	0.33	0.30	0.29	0.29	0.30	0.29	0.29	0.30	0.30	0.30	0.29
Increase / (Decrease) in Invested Capital	-1,504	-2,094	-1,597	-1,361	-1,172	-654	-395	-401	-418	-372	628
Enterprise Value (EV)	100,773	76,655	54,604	62,579	61,419	44,091	59,337	37,311	41,046	38,475	50,872
Market Capitalization	97,658	73,428	51,287	59,280	58,204	40,631	55,608	33,666	37,465	34,687	46,888
Book Value per Share	$15.52	$15.44	$16.41	$16.72	$17.16	$17.66	$17.89	$18.08	$18.33	$18.25	$18.27
Tangible Book Value per Share	($1.01)	($1.35)	($0.98)	($0.98)	($0.88)	($0.75)	($0.88)	($1.08)	($1.23)	($1.63)	($1.99)
Total Capital	17,491	17,468	18,331	18,625	18,997	19,419	19,543	20,166	20,129	20,071	20,131
Total Debt	4,064	4,095	4,126	4,146	4,166	4,186	4,153	4,673	4,492	4,512	4,601
Total Long-Term Debt	3,934	3,966	3,997	4,028	4,059	4,090	3,135	3,155	3,908	3,928	3,947
Net Debt	3,116	3,227	3,317	3,298	3,215	3,460	3,730	3,644	3,581	3,788	3,984
Capital Expenditures (CapEx)	70	75	48	92	71	54	111	100	54	43	73
Debt-free, Cash-free Net Working Capital (DFCFNWC)	275	315	538	451	405	464	677	631	568	620	796
Debt-free Net Working Capital (DFNWC)	1,223	1,183	1,347	1,298	1,356	1,190	1,101	1,659	1,479	1,343	1,413
Net Working Capital (NWC)	1,094	1,053	1,217	1,180	1,249	1,094	82	142	894	759	759
Net Nonoperating Expense (NNE)	35	184	123	109	369	62	64	41	32	8.25	40
Net Nonoperating Obligations (NNO)	3,116	3,227	3,317	3,298	3,215	3,460	3,730	3,644	3,581	3,788	3,984
Total Depreciation and Amortization (D&A)	326	342	352	338	360	342	347	348	390	344	349
Debt-free, Cash-free Net Working Capital to Revenue	4.76%	5.85%	10.19%	8.43%	7.35%	8.44%	12.05%	10.89%	9.59%	10.60%	14.42%
Debt-free Net Working Capital to Revenue	21.21%	22.00%	25.51%	24.28%	24.62%	21.64%	19.59%	28.63%	24.98%	22.98%	25.60%
Net Working Capital to Revenue	18.96%	19.59%	23.06%	22.07%	22.67%	19.88%	1.46%	2.44%	15.11%	12.99%	13.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.23	($0.78)	($0.22)	($0.25)	($0.45)	($0.19)	($0.24)	($0.20)	($0.02)	$0.02	$0.01
Adjusted Weighted Average Basic Shares Outstanding	865.50M	865.70M	865.70M	865M	861.30M	862.60M	860.90M	856.70M	851.40M	852.60M	850.90M
Adjusted Diluted Earnings per Share	$0.23	($0.78)	($0.22)	($0.25)	($0.45)	($0.19)	($0.24)	($0.20)	($0.02)	$0.02	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	865.50M	865.70M	865.70M	865M	861.30M	862.60M	860.90M	856.70M	851.40M	858.40M	857.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	866.10M	865.30M	866.20M	865.60M	866M	864.50M	862.80M	860M	856.90M	853.20M	852.60M
Normalized Net Operating Profit after Tax (NOPAT)	156	-241	-67	-104	-5.25	-100	-115	-86	19	85	88
Normalized NOPAT Margin	8.58%	-15.91%	-5.30%	-8.94%	-0.37%	-7.05%	-8.55%	-6.49%	1.32%	5.53%	5.78%
Pre Tax Income Margin	10.99%	-49.50%	-11.49%	-17.04%	-6.12%	-13.22%	-18.76%	-17.58%	-1.64%	4.25%	0.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.23	-14.89	-2.07	-3.12	-0.63	-2.78	-3.82	-3.46	0.47	2.41	1.08
NOPAT to Interest Expense	5.24	-10.42	-1.45	-2.18	-0.44	-1.95	-2.68	-2.42	0.33	0.48	1.11
EBIT Less CapEx to Interest Expense	3.67	-16.48	-3.07	-5.00	-1.98	-3.82	-5.89	-5.35	-0.62	1.47	-0.75
NOPAT Less CapEx to Interest Expense	3.68	-12.01	-2.45	-4.06	-1.79	-2.98	-4.74	-4.32	-0.76	-0.47	-0.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-23.45%	-14.04%	-21.47%	-21.14%	-22.16%	-37.08%	-54.29%	-122.92%	-125.02%	-143.62%	-93.25%
Augmented Payout Ratio	-105.37%	-56.33%	-70.65%	-51.75%	-38.23%	-46.07%	-67.50%	-182.90%	-195.35%	-216.35%	-117.68%

Frequently Asked Questions About Marvell Technology's Financials

When does Marvell Technology's fiscal year end?

According to the most recent income statement we have on file, Marvell Technology's financial year ends in February. Their financial year 2025 ended on February 1, 2025.

How has Marvell Technology's net income changed over the last 5 years?

Marvell Technology's net income appears to be on an upward trend, with a most recent value of -$885 million in 2025, falling from $1.58 billion in 2020. The previous period was -$933.40 million in 2024. View Marvell Technology's forecast to see where analysts expect Marvell Technology to go next.

What is Marvell Technology's operating income?

Marvell Technology's total operating income in 2025 was -$720.30 million, based on the following breakdown:

Total Gross Profit: $2.38 billion
Total Operating Expenses: $3.10 billion

How has Marvell Technology revenue changed over the last 5 years?

Over the last 5 years, Marvell Technology's total revenue changed from $2.70 billion in 2020 to $5.77 billion in 2025, a change of 113.7%.

How much debt does Marvell Technology have?

Marvell Technology's total liabilities were at $6.78 billion at the end of 2025, a 5.9% increase from 2024, and a 191.0% increase since 2021.

How much cash does Marvell Technology have?

In the past 4 years, Marvell Technology's cash and equivalents has ranged from $613.50 million in 2022 to $950.80 million in 2024, and is currently $948.30 million as of their latest financial filing in 2025.

How has Marvell Technology's book value per share changed over the last 5 years?

Over the last 5 years, Marvell Technology's book value per share changed from 0.00 in 2020 to 15.52 in 2025, a change of 1,551.7%.

Related Companies

This page (NASDAQ:MRVL) was last updated on 6/1/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Marvell Technology (MRVL) Financials

Frequently Asked Questions About Marvell Technology's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Marvell Technology (MRVL) Financials

Annual Income Statements for Marvell Technology

Quarterly Income Statements for Marvell Technology

Annual Cash Flow Statements for Marvell Technology

Quarterly Cash Flow Statements for Marvell Technology

Annual Balance Sheets for Marvell Technology

Quarterly Balance Sheets for Marvell Technology

Annual Metrics And Ratios for Marvell Technology

Quarterly Metrics And Ratios for Marvell Technology

Frequently Asked Questions About Marvell Technology's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools