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Side-by-side financial comparison of KeyCorp (KEY) 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 $2.0B, roughly 1.0× KeyCorp). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 25.4%, a 66.2% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 36.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $508.8M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 14.4%).

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

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.

KEY vs MRVL — Head-to-Head

Bigger by revenue
MRVL
MRVL
1.0× larger
MRVL
$2.1B
$2.0B
KEY
Growing faster (revenue YoY)
KEY
KEY
+95.0% gap
KEY
131.8%
36.8%
MRVL
Higher net margin
MRVL
MRVL
66.2% more per $
MRVL
91.7%
25.4%
KEY
More free cash flow
KEY
KEY
$1.6B more FCF
KEY
$2.1B
$508.8M
MRVL
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
14.4%
KEY

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
KEY
KEY
MRVL
MRVL
Revenue
$2.0B
$2.1B
Net Profit
$510.0M
$1.9B
Gross Margin
51.6%
Operating Margin
32.3%
17.2%
Net Margin
25.4%
91.7%
Revenue YoY
131.8%
36.8%
Net Profit YoY
309.0%
381.1%
EPS (diluted)
$0.43
$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
KEY
KEY
MRVL
MRVL
Q4 25
$2.0B
$2.1B
Q3 25
$1.9B
$2.0B
Q2 25
$1.8B
$1.9B
Q1 25
$1.8B
$1.8B
Q4 24
$865.0M
$1.5B
Q3 24
$695.0M
$1.3B
Q2 24
$1.5B
$1.2B
Q1 24
$1.5B
$1.4B
Net Profit
KEY
KEY
MRVL
MRVL
Q4 25
$510.0M
$1.9B
Q3 25
$489.0M
$194.8M
Q2 25
$425.0M
$177.9M
Q1 25
$405.0M
$200.2M
Q4 24
$-244.0M
$-676.3M
Q3 24
$-410.0M
$-193.3M
Q2 24
$274.0M
$-215.6M
Q1 24
$219.0M
$-392.7M
Gross Margin
KEY
KEY
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
KEY
KEY
MRVL
MRVL
Q4 25
32.3%
17.2%
Q3 25
31.8%
14.5%
Q2 25
29.3%
14.3%
Q1 25
29.0%
12.9%
Q4 24
-92.6%
-46.4%
Q3 24
-72.8%
-7.9%
Q2 24
22.0%
-13.1%
Q1 24
18.1%
-2.3%
Net Margin
KEY
KEY
MRVL
MRVL
Q4 25
25.4%
91.7%
Q3 25
25.8%
9.7%
Q2 25
23.1%
9.4%
Q1 25
22.8%
11.0%
Q4 24
-54.7%
-44.6%
Q3 24
-59.0%
-15.2%
Q2 24
18.0%
-18.6%
Q1 24
14.3%
-27.5%
EPS (diluted)
KEY
KEY
MRVL
MRVL
Q4 25
$0.43
$2.20
Q3 25
$0.41
$0.22
Q2 25
$0.35
$0.20
Q1 25
$0.33
$0.23
Q4 24
$-0.30
$-0.78
Q3 24
$-0.47
$-0.22
Q2 24
$0.25
$-0.25
Q1 24
$0.20
$-0.45

Balance Sheet & Financial Strength

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

Metric
KEY
KEY
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$10.2B
$2.7B
Total DebtLower is stronger
$9.9B
$4.5B
Stockholders' EquityBook value
$20.4B
$14.1B
Total Assets
$184.4B
$21.6B
Debt / EquityLower = less leverage
0.49×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEY
KEY
MRVL
MRVL
Q4 25
$10.2B
$2.7B
Q3 25
$13.3B
$1.2B
Q2 25
$11.6B
$885.9M
Q1 25
$15.3B
$948.3M
Q4 24
$17.5B
$868.1M
Q3 24
$22.8B
$808.7M
Q2 24
$15.5B
$847.7M
Q1 24
$13.2B
$950.8M
Total Debt
KEY
KEY
MRVL
MRVL
Q4 25
$9.9B
$4.5B
Q3 25
$10.9B
$4.5B
Q2 25
$12.1B
$4.2B
Q1 25
$12.4B
$4.1B
Q4 24
$12.1B
$4.1B
Q3 24
$15.7B
$4.1B
Q2 24
$16.9B
$4.1B
Q1 24
$20.8B
$4.2B
Stockholders' Equity
KEY
KEY
MRVL
MRVL
Q4 25
$20.4B
$14.1B
Q3 25
$20.1B
$13.4B
Q2 25
$19.5B
$13.3B
Q1 25
$19.0B
$13.4B
Q4 24
$18.2B
$13.4B
Q3 24
$16.9B
$14.2B
Q2 24
$14.8B
$14.5B
Q1 24
$14.5B
$14.8B
Total Assets
KEY
KEY
MRVL
MRVL
Q4 25
$184.4B
$21.6B
Q3 25
$187.4B
$20.6B
Q2 25
$185.5B
$20.0B
Q1 25
$188.7B
$20.2B
Q4 24
$187.2B
$19.7B
Q3 24
$189.8B
$20.3B
Q2 24
$187.4B
$20.5B
Q1 24
$187.5B
$21.2B
Debt / Equity
KEY
KEY
MRVL
MRVL
Q4 25
0.49×
0.32×
Q3 25
0.54×
0.33×
Q2 25
0.62×
0.32×
Q1 25
0.65×
0.30×
Q4 24
0.67×
0.31×
Q3 24
0.93×
0.29×
Q2 24
1.14×
0.29×
Q1 24
1.43×
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
KEY
KEY
MRVL
MRVL
Operating Cash FlowLast quarter
$2.2B
$582.3M
Free Cash FlowOCF − Capex
$2.1B
$508.8M
FCF MarginFCF / Revenue
104.8%
24.5%
Capex IntensityCapex / Revenue
5.3%
3.5%
Cash ConversionOCF / Net Profit
4.33×
0.31×
TTM Free Cash FlowTrailing 4 quarters
$3.5B
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEY
KEY
MRVL
MRVL
Q4 25
$2.2B
$582.3M
Q3 25
$396.0M
$461.6M
Q2 25
$1.2B
$332.9M
Q1 25
$-140.0M
$514.0M
Q4 24
$664.0M
$536.3M
Q3 24
$-1.2B
$306.4M
Q2 24
$-217.0M
$324.5M
Q1 24
$359.0M
$546.6M
Free Cash Flow
KEY
KEY
MRVL
MRVL
Q4 25
$2.1B
$508.8M
Q3 25
$367.0M
$414.1M
Q2 25
$1.2B
$214.1M
Q1 25
$-150.0M
$444.1M
Q4 24
$599.0M
$461.3M
Q3 24
$-1.2B
$258.2M
Q2 24
$-230.0M
$233.0M
Q1 24
$347.0M
$475.6M
FCF Margin
KEY
KEY
MRVL
MRVL
Q4 25
104.8%
24.5%
Q3 25
19.4%
20.6%
Q2 25
65.8%
11.3%
Q1 25
-8.5%
24.4%
Q4 24
69.2%
30.4%
Q3 24
-175.8%
20.3%
Q2 24
-15.1%
20.1%
Q1 24
22.6%
33.3%
Capex Intensity
KEY
KEY
MRVL
MRVL
Q4 25
5.3%
3.5%
Q3 25
1.5%
2.4%
Q2 25
1.3%
6.3%
Q1 25
0.6%
3.8%
Q4 24
7.5%
4.9%
Q3 24
2.4%
3.8%
Q2 24
0.9%
7.9%
Q1 24
0.8%
5.0%
Cash Conversion
KEY
KEY
MRVL
MRVL
Q4 25
4.33×
0.31×
Q3 25
0.81×
2.37×
Q2 25
2.90×
1.87×
Q1 25
-0.35×
2.57×
Q4 24
Q3 24
Q2 24
-0.79×
Q1 24
1.64×

Financial Flow Comparison

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

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