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

FirstEnergy is the larger business by last-quarter revenue ($3.8B vs $2.1B, roughly 1.8× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs -1.3%, a 92.9% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 19.6%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $-30.0M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 7.5%).

FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.

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.

FE vs MRVL — Head-to-Head

Bigger by revenue
FE
FE
1.8× larger
FE
$3.8B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+17.3% gap
MRVL
36.8%
19.6%
FE
Higher net margin
MRVL
MRVL
92.9% more per $
MRVL
91.7%
-1.3%
FE
More free cash flow
MRVL
MRVL
$538.8M more FCF
MRVL
$508.8M
$-30.0M
FE
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
7.5%
FE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FE
FE
MRVL
MRVL
Revenue
$3.8B
$2.1B
Net Profit
$-49.0M
$1.9B
Gross Margin
51.6%
Operating Margin
-0.6%
17.2%
Net Margin
-1.3%
91.7%
Revenue YoY
19.6%
36.8%
Net Profit YoY
-118.8%
381.1%
EPS (diluted)
$-0.08
$2.20

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
FE
FE
MRVL
MRVL
Q4 25
$3.8B
$2.1B
Q3 25
$4.1B
$2.0B
Q2 25
$3.4B
$1.9B
Q1 25
$3.8B
$1.8B
Q4 24
$3.2B
$1.5B
Q3 24
$3.7B
$1.3B
Q2 24
$3.3B
$1.2B
Q1 24
$3.3B
$1.4B
Net Profit
FE
FE
MRVL
MRVL
Q4 25
$-49.0M
$1.9B
Q3 25
$441.0M
$194.8M
Q2 25
$268.0M
$177.9M
Q1 25
$360.0M
$200.2M
Q4 24
$261.0M
$-676.3M
Q3 24
$419.0M
$-193.3M
Q2 24
$45.0M
$-215.6M
Q1 24
$253.0M
$-392.7M
Gross Margin
FE
FE
MRVL
MRVL
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%
Q1 24
46.6%
Operating Margin
FE
FE
MRVL
MRVL
Q4 25
-0.6%
17.2%
Q3 25
20.0%
14.5%
Q2 25
19.1%
14.3%
Q1 25
20.0%
12.9%
Q4 24
19.3%
-46.4%
Q3 24
19.5%
-7.9%
Q2 24
12.9%
-13.1%
Q1 24
18.6%
-2.3%
Net Margin
FE
FE
MRVL
MRVL
Q4 25
-1.3%
91.7%
Q3 25
10.6%
9.7%
Q2 25
7.9%
9.4%
Q1 25
9.6%
11.0%
Q4 24
8.2%
-44.6%
Q3 24
11.2%
-15.2%
Q2 24
1.4%
-18.6%
Q1 24
7.7%
-27.5%
EPS (diluted)
FE
FE
MRVL
MRVL
Q4 25
$-0.08
$2.20
Q3 25
$0.76
$0.22
Q2 25
$0.46
$0.20
Q1 25
$0.62
$0.23
Q4 24
$0.45
$-0.78
Q3 24
$0.73
$-0.22
Q2 24
$0.08
$-0.25
Q1 24
$0.44
$-0.45

Balance Sheet & Financial Strength

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

Metric
FE
FE
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$57.0M
$2.7B
Total DebtLower is stronger
$25.5B
$4.5B
Stockholders' EquityBook value
$12.5B
$14.1B
Total Assets
$55.9B
$21.6B
Debt / EquityLower = less leverage
2.04×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FE
FE
MRVL
MRVL
Q4 25
$57.0M
$2.7B
Q3 25
$1.4B
$1.2B
Q2 25
$569.0M
$885.9M
Q1 25
$132.0M
$948.3M
Q4 24
$111.0M
$868.1M
Q3 24
$439.0M
$808.7M
Q2 24
$60.0M
$847.7M
Q1 24
$888.0M
$950.8M
Total Debt
FE
FE
MRVL
MRVL
Q4 25
$25.5B
$4.5B
Q3 25
$25.5B
$4.5B
Q2 25
$23.7B
$4.2B
Q1 25
$21.2B
$4.1B
Q4 24
$22.5B
$4.1B
Q3 24
$21.6B
$4.1B
Q2 24
$20.8B
$4.1B
Q1 24
$21.7B
$4.2B
Stockholders' Equity
FE
FE
MRVL
MRVL
Q4 25
$12.5B
$14.1B
Q3 25
$12.8B
$13.4B
Q2 25
$12.9B
$13.3B
Q1 25
$12.6B
$13.4B
Q4 24
$12.5B
$13.4B
Q3 24
$12.4B
$14.2B
Q2 24
$12.5B
$14.5B
Q1 24
$12.4B
$14.8B
Total Assets
FE
FE
MRVL
MRVL
Q4 25
$55.9B
$21.6B
Q3 25
$55.9B
$20.6B
Q2 25
$54.2B
$20.0B
Q1 25
$52.8B
$20.2B
Q4 24
$52.0B
$19.7B
Q3 24
$50.8B
$20.3B
Q2 24
$51.0B
$20.5B
Q1 24
$51.3B
$21.2B
Debt / Equity
FE
FE
MRVL
MRVL
Q4 25
2.04×
0.32×
Q3 25
1.99×
0.33×
Q2 25
1.85×
0.32×
Q1 25
1.69×
0.30×
Q4 24
1.81×
0.31×
Q3 24
1.74×
0.29×
Q2 24
1.67×
0.29×
Q1 24
1.75×
0.28×

Cash Flow & Capital Efficiency

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

Metric
FE
FE
MRVL
MRVL
Operating Cash FlowLast quarter
$1.1B
$582.3M
Free Cash FlowOCF − Capex
$-30.0M
$508.8M
FCF MarginFCF / Revenue
-0.8%
24.5%
Capex IntensityCapex / Revenue
30.7%
3.5%
Cash ConversionOCF / Net Profit
0.31×
TTM Free Cash FlowTrailing 4 quarters
$-1.0B
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FE
FE
MRVL
MRVL
Q4 25
$1.1B
$582.3M
Q3 25
$845.0M
$461.6M
Q2 25
$1.1B
$332.9M
Q1 25
$637.0M
$514.0M
Q4 24
$1.0B
$536.3M
Q3 24
$775.0M
$306.4M
Q2 24
$1.1B
$324.5M
Q1 24
$-40.0M
$546.6M
Free Cash Flow
FE
FE
MRVL
MRVL
Q4 25
$-30.0M
$508.8M
Q3 25
$-471.0M
$414.1M
Q2 25
$-136.0M
$214.1M
Q1 25
$-368.0M
$444.1M
Q4 24
$-250.0M
$461.3M
Q3 24
$-229.0M
$258.2M
Q2 24
$170.0M
$233.0M
Q1 24
$-830.0M
$475.6M
FCF Margin
FE
FE
MRVL
MRVL
Q4 25
-0.8%
24.5%
Q3 25
-11.4%
20.6%
Q2 25
-4.0%
11.3%
Q1 25
-9.8%
24.4%
Q4 24
-7.9%
30.4%
Q3 24
-6.1%
20.3%
Q2 24
5.2%
20.1%
Q1 24
-25.3%
33.3%
Capex Intensity
FE
FE
MRVL
MRVL
Q4 25
30.7%
3.5%
Q3 25
31.7%
2.4%
Q2 25
36.0%
6.3%
Q1 25
26.7%
3.8%
Q4 24
40.7%
4.9%
Q3 24
26.9%
3.8%
Q2 24
28.7%
7.9%
Q1 24
24.0%
5.0%
Cash Conversion
FE
FE
MRVL
MRVL
Q4 25
0.31×
Q3 25
1.92×
2.37×
Q2 25
4.04×
1.87×
Q1 25
1.77×
2.57×
Q4 24
4.00×
Q3 24
1.85×
Q2 24
24.71×
Q1 24
-0.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FE
FE

Integrated Segment$1.4B37%
Other$1.4B36%
Stand Alone Transmission Segment$466.0M12%
Industrial Customers$167.0M4%
Mid Atlantic Interstate Transmission LLC$118.0M3%
Transmission$105.0M3%
Transmission Segment$68.0M2%
Tr AIL$63.0M2%
Internal Customers$10.0M0%
Wholesale Sales$6.0M0%

MRVL
MRVL

Segment breakdown not available.

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