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

Hershey Company (The) is the larger business by last-quarter revenue ($3.1B vs $2.2B, roughly 1.4× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 17.9% vs 14.0%, a 3.8% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (22.1% vs 10.6%). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (38.2% CAGR vs 22.3%).

The Hershey Company, often called just Hershey or Hershey's, is an American multinational confectionery company headquartered in Hershey, Pennsylvania, which is also home to Hersheypark and Hershey's Chocolate World. The Hershey Company is one of the largest chocolate manufacturers in the world; it also manufactures baked products, such as cookies and cakes, and sells beverages like milkshakes, as well as other products. The Hershey Company was founded by Milton S. Hershey in 1894 as the Hers...

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.

HSY vs MRVL — Head-to-Head

Bigger by revenue
HSY
HSY
1.4× larger
HSY
$3.1B
$2.2B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+11.4% gap
MRVL
22.1%
10.6%
HSY
Higher net margin
MRVL
MRVL
3.8% more per $
MRVL
17.9%
14.0%
HSY
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
38.2%
22.3%
HSY

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
HSY
HSY
MRVL
MRVL
Revenue
$3.1B
$2.2B
Net Profit
$435.1M
$396.1M
Gross Margin
39.4%
51.7%
Operating Margin
20.6%
66.5%
Net Margin
14.0%
17.9%
Revenue YoY
10.6%
22.1%
Net Profit YoY
EPS (diluted)
$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
HSY
HSY
MRVL
MRVL
Q1 26
$3.1B
$2.2B
Q4 25
$3.1B
$2.1B
Q3 25
$3.2B
$2.0B
Q2 25
$2.6B
$1.9B
Q1 25
$2.8B
$1.8B
Q4 24
$2.9B
$1.5B
Q3 24
$3.0B
$1.3B
Q2 24
$2.1B
$1.2B
Net Profit
HSY
HSY
MRVL
MRVL
Q1 26
$435.1M
$396.1M
Q4 25
$320.0M
$1.9B
Q3 25
$276.3M
$194.8M
Q2 25
$62.7M
$177.9M
Q1 25
$224.2M
$200.2M
Q4 24
$796.6M
$-676.3M
Q3 24
$446.3M
$-193.3M
Q2 24
$180.9M
$-215.6M
Gross Margin
HSY
HSY
MRVL
MRVL
Q1 26
39.4%
51.7%
Q4 25
37.0%
51.6%
Q3 25
32.6%
50.4%
Q2 25
30.5%
50.3%
Q1 25
33.7%
50.5%
Q4 24
54.0%
23.0%
Q3 24
41.3%
46.2%
Q2 24
40.2%
45.5%
Operating Margin
HSY
HSY
MRVL
MRVL
Q1 26
20.6%
66.5%
Q4 25
14.4%
17.2%
Q3 25
13.7%
14.5%
Q2 25
7.4%
14.3%
Q1 25
13.2%
12.9%
Q4 24
32.5%
-46.4%
Q3 24
20.5%
-7.9%
Q2 24
13.9%
-13.1%
Net Margin
HSY
HSY
MRVL
MRVL
Q1 26
14.0%
17.9%
Q4 25
10.4%
91.7%
Q3 25
8.7%
9.7%
Q2 25
2.4%
9.4%
Q1 25
8.0%
11.0%
Q4 24
27.6%
-44.6%
Q3 24
14.9%
-15.2%
Q2 24
8.7%
-18.6%
EPS (diluted)
HSY
HSY
MRVL
MRVL
Q1 26
$0.46
Q4 25
$2.20
Q3 25
$0.22
Q2 25
$0.20
Q1 25
$0.23
Q4 24
$-0.78
Q3 24
$-0.22
Q2 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
HSY
HSY
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$877.0M
$2.6B
Total DebtLower is stronger
$4.9B
$4.5B
Stockholders' EquityBook value
$4.7B
$14.3B
Total Assets
$13.8B
$22.3B
Debt / EquityLower = less leverage
1.03×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSY
HSY
MRVL
MRVL
Q1 26
$877.0M
$2.6B
Q4 25
$2.7B
Q3 25
$1.2B
Q2 25
$885.9M
Q1 25
$948.3M
Q4 24
$868.1M
Q3 24
$808.7M
Q2 24
$847.7M
Total Debt
HSY
HSY
MRVL
MRVL
Q1 26
$4.9B
$4.5B
Q4 25
$4.7B
$4.5B
Q3 25
$4.7B
$4.5B
Q2 25
$5.2B
$4.2B
Q1 25
$5.2B
$4.1B
Q4 24
$3.2B
$4.1B
Q3 24
$3.2B
$4.1B
Q2 24
$3.5B
$4.1B
Stockholders' Equity
HSY
HSY
MRVL
MRVL
Q1 26
$4.7B
$14.3B
Q4 25
$4.6B
$14.1B
Q3 25
$4.6B
$13.4B
Q2 25
$4.5B
$13.3B
Q1 25
$4.7B
$13.4B
Q4 24
$4.7B
$13.4B
Q3 24
$4.2B
$14.2B
Q2 24
$4.0B
$14.5B
Total Assets
HSY
HSY
MRVL
MRVL
Q1 26
$13.8B
$22.3B
Q4 25
$13.7B
$21.6B
Q3 25
$13.6B
$20.6B
Q2 25
$13.6B
$20.0B
Q1 25
$14.0B
$20.2B
Q4 24
$12.9B
$19.7B
Q3 24
$12.6B
$20.3B
Q2 24
$12.4B
$20.5B
Debt / Equity
HSY
HSY
MRVL
MRVL
Q1 26
1.03×
0.31×
Q4 25
1.01×
0.32×
Q3 25
1.02×
0.33×
Q2 25
1.15×
0.32×
Q1 25
1.11×
0.30×
Q4 24
0.68×
0.31×
Q3 24
0.76×
0.29×
Q2 24
0.87×
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
HSY
HSY
MRVL
MRVL
Operating Cash FlowLast quarter
$373.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSY
HSY
MRVL
MRVL
Q1 26
$373.7M
Q4 25
$926.6M
$582.3M
Q3 25
$841.9M
$461.6M
Q2 25
$112.2M
$332.9M
Q1 25
$396.7M
$514.0M
Q4 24
$941.6M
$536.3M
Q3 24
$695.3M
$306.4M
Q2 24
$325.6M
$324.5M
Free Cash Flow
HSY
HSY
MRVL
MRVL
Q1 26
Q4 25
$788.5M
$508.8M
Q3 25
$756.0M
$414.1M
Q2 25
$27.1M
$214.1M
Q1 25
$251.2M
$444.1M
Q4 24
$807.1M
$461.3M
Q3 24
$567.3M
$258.2M
Q2 24
$195.5M
$233.0M
FCF Margin
HSY
HSY
MRVL
MRVL
Q1 26
Q4 25
25.5%
24.5%
Q3 25
23.8%
20.6%
Q2 25
1.0%
11.3%
Q1 25
9.0%
24.4%
Q4 24
28.0%
30.4%
Q3 24
19.0%
20.3%
Q2 24
9.4%
20.1%
Capex Intensity
HSY
HSY
MRVL
MRVL
Q1 26
Q4 25
4.5%
3.5%
Q3 25
2.7%
2.4%
Q2 25
3.3%
6.3%
Q1 25
5.2%
3.8%
Q4 24
4.7%
4.9%
Q3 24
4.3%
3.8%
Q2 24
6.3%
7.9%
Cash Conversion
HSY
HSY
MRVL
MRVL
Q1 26
0.94×
Q4 25
2.90×
0.31×
Q3 25
3.05×
2.37×
Q2 25
1.79×
1.87×
Q1 25
1.77×
2.57×
Q4 24
1.18×
Q3 24
1.56×
Q2 24
1.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSY
HSY

Segment breakdown not available.

MRVL
MRVL

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

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