MRVL Financials Marvell Technology

7 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 30, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 22.5% per year over the past 5 years.
Operating margin has expanded, at 16.1% in the latest year.
Free cash flow has grown 14.5% per year over the past 5 years.

Financial health

Total debt ($5.0B) exceeds cash ($2.6B); net debt is $2.3B.
Total debt has grown faster than revenue (29.0% vs 22.5% per year).
Operating income covered interest expense 6.5× in the latest year.
Total debt is 3.8× EBITDA.

Shareholder returns

Dividends have been paid for 7 consecutive years, consuming 7.7% of earnings and 14.7% of free cash flow.
The dividend has grown 5.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$8.2B	$2.7B	51.0%	16.1%	18.7%	12.0%	$1.4B	$5.0B	$2.6B
2025	$5.8B	-$885M	41.3%	-12.5%	-6.6%	-4.4%	$1.4B	$4.2B	$948M
2024	$5.5B	-$933M	41.6%	-10.3%	-6.3%	-4.4%	$1.0B	$4.3B	$951M
2023	$5.9B	-$164M	50.5%	4.0%	-1.0%	-0.7%	$1.1B	$5.1B	$911M
2022	$4.5B	-$421M	46.3%	-7.8%	-2.7%	-1.9%	$650M	$4.6B	$614M
2021	$3.0B	-$277M	50.1%	-8.7%	-3.3%	-2.6%	$711M	$1.4B	$748M
2020	$2.7B	$1.6B	50.3%	-9.0%	18.3%	—	$278M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$2.7B	$308M	53.1%	16.8%	1.7%	1.1%	$479M	$5.0B	$3.9B
May '26	$2.4B	$35M	52.1%	14.0%	0.2%	0.1%	$483M	$5.0B	$3.8B
Jan '26	$2.2B	$396M	51.7%	18.2%	2.8%	1.8%	$259M	$5.0B	$2.6B
Nov '25	$2.1B	$1.9B	51.6%	17.2%	13.5%	8.8%	$509M	$5.0B	$2.7B
Aug '25	$2.0B	$195M	50.4%	14.5%	1.5%	0.9%	$414M	$5.0B	$1.2B
May '25	$1.9B	$178M	50.3%	14.3%	1.3%	0.9%	$214M	$5.5B	$886M
Feb '25	$1.8B	$200M	50.5%	12.9%	1.5%	1.0%	$444M	$4.2B	$948M
Nov '24	$1.5B	-$676M	23.0%	-46.4%	-5.1%	-3.4%	$461M	$4.2B	$868M
Aug '24	$1.3B	-$193M	46.2%	-7.9%	-1.4%	-1.0%	$258M	$4.3B	$809M
May '24	$1.2B	-$216M	45.5%	-13.1%	-1.5%	-1.1%	$233M	$4.3B	$848M
Feb '24	$1.4B	-$393M	46.6%	-2.3%	-2.6%	-1.8%	$476M	$4.3B	$951M
Oct '23	$1.4B	-$164M	38.9%	-10.3%	-1.1%	-0.8%	$449M	$4.3B	$726M
Jul '23	$1.3B	-$208M	38.9%	-15.3%	-1.3%	-1.0%	$1M	$5.2B	$423M
Apr '23	$1.3B	-$169M	42.2%	-13.8%	-1.1%	-0.8%	$109M	$6.2B	$1.0B
Jan '23	$1.4B	-$15M	47.5%	1.6%	-0.1%	-0.1%	$298M	$5.1B	$911M
Oct '22	$1.5B	$13M	50.6%	6.9%	0.1%	0.1%	$368M	$5.1B	$723M
Jul '22	$1.5B	$4M	51.8%	2.6%	0.0%	0.0%	$259M	$5.3B	$617M
Apr '22	$1.4B	-$166M	51.9%	4.8%	-1.1%	-0.8%	$158M	$4.6B	$465M
Jan '22	$1.3B	$6M	51.1%	2.6%	0.0%	0.0%	$307M	$4.6B	$614M
Oct '21	$1.2B	-$63M	48.5%	-2.8%	-0.4%	-0.3%	$188M	$4.6B	$524M

Valuation over time

How the market has priced MRVL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 26.8× (Feb '26) to 57.5× (Nov '26).
The price-to-sales ratio has risen from 6.4× (Mar '23) to 18.7× (Nov '26).
The dividend yield has fallen from 0.5% (Mar '23) to 0.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MRVL growing its revenue and profit?

Over the past 5 years, Marvell Technology's revenue has grown 22.5% per year. These are computed facts, not advice.

How much debt does MRVL have?

As of FY2026, Marvell Technology reported $5.0B of total debt against $2.6B of cash; operating income covered interest expense 6.5×.

What is MRVL's profit margin?

In FY2026, gross margin was 51.0%, operating margin 16.1%, and net margin 32.6%.

What is MRVL's P/E ratio?

Marvell Technology's P/E (TTM) is 58.13 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MRVL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 57.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.