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Side-by-side financial comparison of Brighthouse Financial, Inc. (BHF) and Marvell Technology, Inc. (MRVL). Click either name above to swap in a different company.

Marvell Technology, Inc. is the larger business by last-quarter revenue ($2.2B vs $1.7B, roughly 1.3× Brighthouse Financial, Inc.). Marvell Technology, Inc. runs the higher net margin — 17.9% vs 8.1%, a 9.7% gap on every dollar of revenue. On growth, Brighthouse Financial, Inc. posted the faster year-over-year revenue change (40.2% vs 22.1%). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (38.2% CAGR vs 9.8%).

Brighthouse Financial, Inc. is an American insurance company, headquartered in Charlotte, North Carolina, that sells annuity and life insurance. As of March 2018, Brighthouse was one of the largest providers of annuities and life insurance in the United States, with $219 billion in total assets and around 2.6 million insurance policies and annuity contracts in-force . During the same year Brighthouse Financial along with 90 additional Fortune 500 companies "paid an effective federal tax rate ...

Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had more than 6,500 employees as of 2024, with over 10,000 patents worldwide, and an annual revenue of $5.5 billion for fiscal 2024.

BHF vs MRVL — Head-to-Head

Bigger by revenue
MRVL
MRVL
1.3× larger
MRVL
$2.2B
$1.7B
BHF
Growing faster (revenue YoY)
BHF
BHF
+18.1% gap
BHF
40.2%
22.1%
MRVL
Higher net margin
MRVL
MRVL
9.7% more per $
MRVL
17.9%
8.1%
BHF
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
38.2%
9.8%
BHF

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
BHF
BHF
MRVL
MRVL
Revenue
$1.7B
$2.2B
Net Profit
$137.0M
$396.1M
Gross Margin
51.7%
Operating Margin
8.9%
66.5%
Net Margin
8.1%
17.9%
Revenue YoY
40.2%
22.1%
Net Profit YoY
-79.6%
EPS (diluted)
$1.84
$0.46

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHF
BHF
MRVL
MRVL
Q1 26
$2.2B
Q4 25
$1.7B
$2.1B
Q3 25
$1.8B
$2.0B
Q2 25
$871.0M
$1.9B
Q1 25
$2.4B
$1.8B
Q4 24
$1.2B
$1.5B
Q3 24
$2.0B
$1.3B
Q2 24
$1.4B
$1.2B
Net Profit
BHF
BHF
MRVL
MRVL
Q1 26
$396.1M
Q4 25
$137.0M
$1.9B
Q3 25
$479.0M
$194.8M
Q2 25
$85.0M
$177.9M
Q1 25
$-268.0M
$200.2M
Q4 24
$671.0M
$-676.3M
Q3 24
$176.0M
$-193.3M
Q2 24
$34.0M
$-215.6M
Gross Margin
BHF
BHF
MRVL
MRVL
Q1 26
51.7%
Q4 25
51.6%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.5%
Q4 24
23.0%
Q3 24
46.2%
Q2 24
45.5%
Operating Margin
BHF
BHF
MRVL
MRVL
Q1 26
66.5%
Q4 25
8.9%
17.2%
Q3 25
32.2%
14.5%
Q2 25
10.7%
14.3%
Q1 25
-14.8%
12.9%
Q4 24
69.2%
-46.4%
Q3 24
9.3%
-7.9%
Q2 24
1.0%
-13.1%
Net Margin
BHF
BHF
MRVL
MRVL
Q1 26
17.9%
Q4 25
8.1%
91.7%
Q3 25
26.4%
9.7%
Q2 25
9.8%
9.4%
Q1 25
-11.2%
11.0%
Q4 24
55.7%
-44.6%
Q3 24
8.7%
-15.2%
Q2 24
2.4%
-18.6%
EPS (diluted)
BHF
BHF
MRVL
MRVL
Q1 26
$0.46
Q4 25
$1.84
$2.20
Q3 25
$7.89
$0.22
Q2 25
$1.02
$0.20
Q1 25
$-5.04
$0.23
Q4 24
$10.27
$-0.78
Q3 24
$2.47
$-0.22
Q2 24
$0.12
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHF
BHF
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$2.6B
Total DebtLower is stronger
$3.2B
$4.5B
Stockholders' EquityBook value
$6.8B
$14.3B
Total Assets
$241.8B
$22.3B
Debt / EquityLower = less leverage
0.47×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHF
BHF
MRVL
MRVL
Q1 26
$2.6B
Q4 25
$2.7B
Q3 25
$1.2B
Q2 25
$885.9M
Q1 25
$948.3M
Q4 24
$1.9B
$868.1M
Q3 24
$1.8B
$808.7M
Q2 24
$1.4B
$847.7M
Total Debt
BHF
BHF
MRVL
MRVL
Q1 26
$4.5B
Q4 25
$3.2B
$4.5B
Q3 25
$3.2B
$4.5B
Q2 25
$3.2B
$4.2B
Q1 25
$3.2B
$4.1B
Q4 24
$3.2B
$4.1B
Q3 24
$3.2B
$4.1B
Q2 24
$3.2B
$4.1B
Stockholders' Equity
BHF
BHF
MRVL
MRVL
Q1 26
$14.3B
Q4 25
$6.8B
$14.1B
Q3 25
$6.4B
$13.4B
Q2 25
$5.7B
$13.3B
Q1 25
$5.2B
$13.4B
Q4 24
$5.0B
$13.4B
Q3 24
$5.5B
$14.2B
Q2 24
$4.1B
$14.5B
Total Assets
BHF
BHF
MRVL
MRVL
Q1 26
$22.3B
Q4 25
$241.8B
$21.6B
Q3 25
$244.7B
$20.6B
Q2 25
$242.6B
$20.0B
Q1 25
$234.7B
$20.2B
Q4 24
$238.5B
$19.7B
Q3 24
$245.2B
$20.3B
Q2 24
$237.4B
$20.5B
Debt / Equity
BHF
BHF
MRVL
MRVL
Q1 26
0.31×
Q4 25
0.47×
0.32×
Q3 25
0.50×
0.33×
Q2 25
0.56×
0.32×
Q1 25
0.60×
0.30×
Q4 24
0.64×
0.31×
Q3 24
0.57×
0.29×
Q2 24
0.76×
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHF
BHF
MRVL
MRVL
Operating Cash FlowLast quarter
$-3.0M
$373.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.02×
0.94×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHF
BHF
MRVL
MRVL
Q1 26
$373.7M
Q4 25
$-3.0M
$582.3M
Q3 25
$117.0M
$461.6M
Q2 25
$-1.0M
$332.9M
Q1 25
$146.0M
$514.0M
Q4 24
$-118.0M
$536.3M
Q3 24
$24.0M
$306.4M
Q2 24
$334.0M
$324.5M
Free Cash Flow
BHF
BHF
MRVL
MRVL
Q1 26
Q4 25
$508.8M
Q3 25
$414.1M
Q2 25
$214.1M
Q1 25
$444.1M
Q4 24
$461.3M
Q3 24
$258.2M
Q2 24
$233.0M
FCF Margin
BHF
BHF
MRVL
MRVL
Q1 26
Q4 25
24.5%
Q3 25
20.6%
Q2 25
11.3%
Q1 25
24.4%
Q4 24
30.4%
Q3 24
20.3%
Q2 24
20.1%
Capex Intensity
BHF
BHF
MRVL
MRVL
Q1 26
Q4 25
3.5%
Q3 25
2.4%
Q2 25
6.3%
Q1 25
3.8%
Q4 24
4.9%
Q3 24
3.8%
Q2 24
7.9%
Cash Conversion
BHF
BHF
MRVL
MRVL
Q1 26
0.94×
Q4 25
-0.02×
0.31×
Q3 25
0.24×
2.37×
Q2 25
-0.01×
1.87×
Q1 25
2.57×
Q4 24
-0.18×
Q3 24
0.14×
Q2 24
9.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHF
BHF

Annuities$926.0M55%
Runoff$319.0M19%
Life$298.0M18%
Other$78.0M5%
Distribution Service$66.0M4%
Accident And Health Insurance Segment$2.0M0%

MRVL
MRVL

Data center$1.7B74%
Communications and other$567.4M26%

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