Is the business good?
How good a business is MRVL?
Marvell Technology, Inc. earns 5.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.7%
Return on invested capital · cost of capital 9.0% · 3.3 points below what the capital costs: growth destroys value
- Operating margin
- 16%
Operating margin · Semiconductors median 8.5% · 12 months to Q1 2027
- Cash conversion
- 0.66×
Cash conversion · some of the reported profit has not turned into cash yet
- Share count, year on year
- +2.0%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2021 | −8.7% |
| FY2022 | −7.8% |
| FY2023 | 4.0% |
| FY2024 | −10% |
| FY2025 | −12% |
| FY2026 | 16% |
Details›
- Gross margin12 months to Q1 2027
- 52%
- Operating margin12 months to Q1 2027
- 16%
- Net margin12 months to Q1 2027
- 29%
- Free cash flow margin
- 19%
- R&D as % of revenue
- 25%
- Revenue, trailing twelve months
- $8.72B
- Free cash flow, trailing twelve months
- $1.67B
- Net income, trailing twelve months
- $2.53B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Semiconductors
Ranks #22 of 48 by Smart Score