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Side-by-side financial comparison of Interpublic Group of Companies (The) (IPG) and Marvell Technology, Inc. (MRVL). Click either name above to swap in a different company.

Interpublic Group of Companies (The) is the larger business by last-quarter revenue ($2.1B vs $2.1B, roughly 1.0× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 5.8%, a 85.8% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs -4.8%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $153.6M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs -9.1%).

The Interpublic Group of Companies, Inc. (IPG) was an American advertising company based in New York City. It consisted of the five major networks FCB, IPG Mediabrands, McCann Worldgroup, MullenLowe Group and Marketing Specialists, as well as several independent specialty agencies in the areas of public relations, sports marketing, talent representation and healthcare. Prior to the Omnicom acquisition, it was one of the "Big Four" agency companies, alongside WPP, Publicis, and Omnicom. The co...

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.

IPG vs MRVL — Head-to-Head

Bigger by revenue
IPG
IPG
1.0× larger
IPG
$2.1B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+41.6% gap
MRVL
36.8%
-4.8%
IPG
Higher net margin
MRVL
MRVL
85.8% more per $
MRVL
91.7%
5.8%
IPG
More free cash flow
MRVL
MRVL
$355.2M more FCF
MRVL
$508.8M
$153.6M
IPG
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
-9.1%
IPG

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IPG
IPG
MRVL
MRVL
Revenue
$2.1B
$2.1B
Net Profit
$124.2M
$1.9B
Gross Margin
51.6%
Operating Margin
10.3%
17.2%
Net Margin
5.8%
91.7%
Revenue YoY
-4.8%
36.8%
Net Profit YoY
517.9%
381.1%
EPS (diluted)
$0.34
$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
IPG
IPG
MRVL
MRVL
Q4 25
$2.1B
Q3 25
$2.1B
$2.0B
Q2 25
$2.2B
$1.9B
Q1 25
$2.0B
$1.8B
Q4 24
$2.4B
$1.5B
Q3 24
$2.2B
$1.3B
Q2 24
$2.3B
$1.2B
Q1 24
$2.2B
$1.4B
Net Profit
IPG
IPG
MRVL
MRVL
Q4 25
$1.9B
Q3 25
$124.2M
$194.8M
Q2 25
$162.5M
$177.9M
Q1 25
$-85.4M
$200.2M
Q4 24
$344.5M
$-676.3M
Q3 24
$20.1M
$-193.3M
Q2 24
$214.5M
$-215.6M
Q1 24
$110.4M
$-392.7M
Gross Margin
IPG
IPG
MRVL
MRVL
Q4 25
51.6%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
-3.2%
50.5%
Q4 24
10.1%
23.0%
Q3 24
2.9%
46.2%
Q2 24
1.2%
45.5%
Q1 24
-1.1%
46.6%
Operating Margin
IPG
IPG
MRVL
MRVL
Q4 25
17.2%
Q3 25
10.3%
14.5%
Q2 25
11.2%
14.3%
Q1 25
-2.1%
12.9%
Q4 24
23.3%
-46.4%
Q3 24
5.9%
-7.9%
Q2 24
13.7%
-13.1%
Q1 24
8.4%
-2.3%
Net Margin
IPG
IPG
MRVL
MRVL
Q4 25
91.7%
Q3 25
5.8%
9.7%
Q2 25
7.5%
9.4%
Q1 25
-4.3%
11.0%
Q4 24
14.1%
-44.6%
Q3 24
0.9%
-15.2%
Q2 24
9.2%
-18.6%
Q1 24
5.1%
-27.5%
EPS (diluted)
IPG
IPG
MRVL
MRVL
Q4 25
$2.20
Q3 25
$0.34
$0.22
Q2 25
$0.44
$0.20
Q1 25
$-0.23
$0.23
Q4 24
$0.92
$-0.78
Q3 24
$0.05
$-0.22
Q2 24
$0.57
$-0.25
Q1 24
$0.29
$-0.45

Balance Sheet & Financial Strength

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

Metric
IPG
IPG
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.7B
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$3.7B
$14.1B
Total Assets
$17.0B
$21.6B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPG
IPG
MRVL
MRVL
Q4 25
$2.7B
Q3 25
$1.5B
$1.2B
Q2 25
$1.6B
$885.9M
Q1 25
$1.9B
$948.3M
Q4 24
$2.2B
$868.1M
Q3 24
$1.5B
$808.7M
Q2 24
$1.5B
$847.7M
Q1 24
$1.9B
$950.8M
Total Debt
IPG
IPG
MRVL
MRVL
Q4 25
$4.5B
Q3 25
$4.5B
Q2 25
$4.2B
Q1 25
$4.1B
Q4 24
$4.1B
Q3 24
$4.1B
Q2 24
$4.1B
Q1 24
$4.2B
Stockholders' Equity
IPG
IPG
MRVL
MRVL
Q4 25
$14.1B
Q3 25
$3.7B
$13.4B
Q2 25
$3.7B
$13.3B
Q1 25
$3.6B
$13.4B
Q4 24
$3.8B
$13.4B
Q3 24
$3.7B
$14.2B
Q2 24
$3.8B
$14.5B
Q1 24
$3.8B
$14.8B
Total Assets
IPG
IPG
MRVL
MRVL
Q4 25
$21.6B
Q3 25
$17.0B
$20.6B
Q2 25
$17.0B
$20.0B
Q1 25
$17.1B
$20.2B
Q4 24
$18.3B
$19.7B
Q3 24
$17.1B
$20.3B
Q2 24
$17.0B
$20.5B
Q1 24
$17.3B
$21.2B
Debt / Equity
IPG
IPG
MRVL
MRVL
Q4 25
0.32×
Q3 25
0.33×
Q2 25
0.32×
Q1 25
0.30×
Q4 24
0.31×
Q3 24
0.29×
Q2 24
0.29×
Q1 24
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
IPG
IPG
MRVL
MRVL
Operating Cash FlowLast quarter
$180.1M
$582.3M
Free Cash FlowOCF − Capex
$153.6M
$508.8M
FCF MarginFCF / Revenue
7.2%
24.5%
Capex IntensityCapex / Revenue
1.2%
3.5%
Cash ConversionOCF / Net Profit
1.45×
0.31×
TTM Free Cash FlowTrailing 4 quarters
$806.8M
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPG
IPG
MRVL
MRVL
Q4 25
$582.3M
Q3 25
$180.1M
$461.6M
Q2 25
$-96.0M
$332.9M
Q1 25
$-37.0M
$514.0M
Q4 24
$868.1M
$536.3M
Q3 24
$223.8M
$306.4M
Q2 24
$120.7M
$324.5M
Q1 24
$-157.4M
$546.6M
Free Cash Flow
IPG
IPG
MRVL
MRVL
Q4 25
$508.8M
Q3 25
$153.6M
$414.1M
Q2 25
$-121.8M
$214.1M
Q1 25
$-58.5M
$444.1M
Q4 24
$833.5M
$461.3M
Q3 24
$186.5M
$258.2M
Q2 24
$85.9M
$233.0M
Q1 24
$-192.5M
$475.6M
FCF Margin
IPG
IPG
MRVL
MRVL
Q4 25
24.5%
Q3 25
7.2%
20.6%
Q2 25
-5.6%
11.3%
Q1 25
-2.9%
24.4%
Q4 24
34.2%
30.4%
Q3 24
8.3%
20.3%
Q2 24
3.7%
20.1%
Q1 24
-8.8%
33.3%
Capex Intensity
IPG
IPG
MRVL
MRVL
Q4 25
3.5%
Q3 25
1.2%
2.4%
Q2 25
1.2%
6.3%
Q1 25
1.1%
3.8%
Q4 24
1.4%
4.9%
Q3 24
1.7%
3.8%
Q2 24
1.5%
7.9%
Q1 24
1.6%
5.0%
Cash Conversion
IPG
IPG
MRVL
MRVL
Q4 25
0.31×
Q3 25
1.45×
2.37×
Q2 25
-0.59×
1.87×
Q1 25
2.57×
Q4 24
2.52×
Q3 24
11.13×
Q2 24
0.56×
Q1 24
-1.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPG
IPG

MDE$619.0M29%
IAC$574.9M27%
Other$527.9M25%
SCE$413.8M19%

MRVL
MRVL

Segment breakdown not available.

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