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Side-by-side financial comparison of Iron Mountain (IRM) 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 ($2.1B vs $1.8B, roughly 1.1× Iron Mountain). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 5.1%, a 86.6% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 16.6%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $-16.2M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 11.7%).

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

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.

IRM vs MRVL — Head-to-Head

Bigger by revenue
MRVL
MRVL
1.1× larger
MRVL
$2.1B
$1.8B
IRM
Growing faster (revenue YoY)
MRVL
MRVL
+20.3% gap
MRVL
36.8%
16.6%
IRM
Higher net margin
MRVL
MRVL
86.6% more per $
MRVL
91.7%
5.1%
IRM
More free cash flow
MRVL
MRVL
$525.0M more FCF
MRVL
$508.8M
$-16.2M
IRM
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
11.7%
IRM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IRM
IRM
MRVL
MRVL
Revenue
$1.8B
$2.1B
Net Profit
$93.1M
$1.9B
Gross Margin
51.6%
Operating Margin
18.5%
17.2%
Net Margin
5.1%
91.7%
Revenue YoY
16.6%
36.8%
Net Profit YoY
-11.9%
381.1%
EPS (diluted)
$0.31
$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
IRM
IRM
MRVL
MRVL
Q4 25
$1.8B
$2.1B
Q3 25
$1.8B
$2.0B
Q2 25
$1.7B
$1.9B
Q1 25
$1.6B
$1.8B
Q4 24
$1.6B
$1.5B
Q3 24
$1.6B
$1.3B
Q2 24
$1.5B
$1.2B
Q1 24
$1.5B
$1.4B
Net Profit
IRM
IRM
MRVL
MRVL
Q4 25
$93.1M
$1.9B
Q3 25
$86.2M
$194.8M
Q2 25
$-43.3M
$177.9M
Q1 25
$16.2M
$200.2M
Q4 24
$105.7M
$-676.3M
Q3 24
$-33.7M
$-193.3M
Q2 24
$34.6M
$-215.6M
Q1 24
$77.0M
$-392.7M
Gross Margin
IRM
IRM
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
IRM
IRM
MRVL
MRVL
Q4 25
18.5%
17.2%
Q3 25
17.6%
14.5%
Q2 25
15.2%
14.3%
Q1 25
16.0%
12.9%
Q4 24
17.9%
-46.4%
Q3 24
16.1%
-7.9%
Q2 24
15.0%
-13.1%
Q1 24
16.6%
-2.3%
Net Margin
IRM
IRM
MRVL
MRVL
Q4 25
5.1%
91.7%
Q3 25
4.9%
9.7%
Q2 25
-2.5%
9.4%
Q1 25
1.0%
11.0%
Q4 24
6.7%
-44.6%
Q3 24
-2.2%
-15.2%
Q2 24
2.3%
-18.6%
Q1 24
5.2%
-27.5%
EPS (diluted)
IRM
IRM
MRVL
MRVL
Q4 25
$0.31
$2.20
Q3 25
$0.28
$0.22
Q2 25
$-0.15
$0.20
Q1 25
$0.05
$0.23
Q4 24
$0.35
$-0.78
Q3 24
$-0.11
$-0.22
Q2 24
$0.12
$-0.25
Q1 24
$0.25
$-0.45

Balance Sheet & Financial Strength

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

Metric
IRM
IRM
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$158.5M
$2.7B
Total DebtLower is stronger
$16.2B
$4.5B
Stockholders' EquityBook value
$-981.0M
$14.1B
Total Assets
$21.1B
$21.6B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRM
IRM
MRVL
MRVL
Q4 25
$158.5M
$2.7B
Q3 25
$1.2B
Q2 25
$885.9M
Q1 25
$948.3M
Q4 24
$155.7M
$868.1M
Q3 24
$808.7M
Q2 24
$847.7M
Q1 24
$950.8M
Total Debt
IRM
IRM
MRVL
MRVL
Q4 25
$16.2B
$4.5B
Q3 25
$15.5B
$4.5B
Q2 25
$14.8B
$4.2B
Q1 25
$14.2B
$4.1B
Q4 24
$13.0B
$4.1B
Q3 24
$13.2B
$4.1B
Q2 24
$12.8B
$4.1B
Q1 24
$12.6B
$4.2B
Stockholders' Equity
IRM
IRM
MRVL
MRVL
Q4 25
$-981.0M
$14.1B
Q3 25
$-882.0M
$13.4B
Q2 25
$-767.4M
$13.3B
Q1 25
$-698.5M
$13.4B
Q4 24
$-503.1M
$13.4B
Q3 24
$-259.0M
$14.2B
Q2 24
$-132.9M
$14.5B
Q1 24
$18.5M
$14.8B
Total Assets
IRM
IRM
MRVL
MRVL
Q4 25
$21.1B
$21.6B
Q3 25
$20.6B
$20.6B
Q2 25
$20.2B
$20.0B
Q1 25
$19.4B
$20.2B
Q4 24
$18.7B
$19.7B
Q3 24
$18.5B
$20.3B
Q2 24
$18.0B
$20.5B
Q1 24
$17.8B
$21.2B
Debt / Equity
IRM
IRM
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
679.18×
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
IRM
IRM
MRVL
MRVL
Operating Cash FlowLast quarter
$500.0M
$582.3M
Free Cash FlowOCF − Capex
$-16.2M
$508.8M
FCF MarginFCF / Revenue
-0.9%
24.5%
Capex IntensityCapex / Revenue
28.0%
3.5%
Cash ConversionOCF / Net Profit
5.37×
0.31×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRM
IRM
MRVL
MRVL
Q4 25
$500.0M
$582.3M
Q3 25
$267.6M
$461.6M
Q2 25
$375.1M
$332.9M
Q1 25
$197.3M
$514.0M
Q4 24
$431.6M
$536.3M
Q3 24
$252.9M
$306.4M
Q2 24
$382.2M
$324.5M
Q1 24
$130.0M
$546.6M
Free Cash Flow
IRM
IRM
MRVL
MRVL
Q4 25
$-16.2M
$508.8M
Q3 25
$-256.3M
$414.1M
Q2 25
$-181.6M
$214.1M
Q1 25
$-477.5M
$444.1M
Q4 24
$-186.0M
$461.3M
Q3 24
$-143.2M
$258.2M
Q2 24
$-14.6M
$233.0M
Q1 24
$-251.1M
$475.6M
FCF Margin
IRM
IRM
MRVL
MRVL
Q4 25
-0.9%
24.5%
Q3 25
-14.6%
20.6%
Q2 25
-10.6%
11.3%
Q1 25
-30.0%
24.4%
Q4 24
-11.8%
30.4%
Q3 24
-9.2%
20.3%
Q2 24
-1.0%
20.1%
Q1 24
-17.0%
33.3%
Capex Intensity
IRM
IRM
MRVL
MRVL
Q4 25
28.0%
3.5%
Q3 25
29.9%
2.4%
Q2 25
32.5%
6.3%
Q1 25
42.4%
3.8%
Q4 24
39.1%
4.9%
Q3 24
25.4%
3.8%
Q2 24
25.9%
7.9%
Q1 24
25.8%
5.0%
Cash Conversion
IRM
IRM
MRVL
MRVL
Q4 25
5.37×
0.31×
Q3 25
3.10×
2.37×
Q2 25
1.87×
Q1 25
12.15×
2.57×
Q4 24
4.08×
Q3 24
Q2 24
11.04×
Q1 24
1.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

MRVL
MRVL

Segment breakdown not available.

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