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Side-by-side financial comparison of LEVI STRAUSS & CO (LEVI) 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 1.2× LEVI STRAUSS & CO). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 8.9%, a 82.7% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs -4.0%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $215.7M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 6.5%).

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May 1853 when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business. Although the corporation is registered in Delaware, the company's corporate headquarters is located in Levi's Plaza in San Francisco.

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.

LEVI vs MRVL — Head-to-Head

Bigger by revenue
MRVL
MRVL
1.2× larger
MRVL
$2.1B
$1.8B
LEVI
Growing faster (revenue YoY)
MRVL
MRVL
+40.8% gap
MRVL
36.8%
-4.0%
LEVI
Higher net margin
MRVL
MRVL
82.7% more per $
MRVL
91.7%
8.9%
LEVI
More free cash flow
MRVL
MRVL
$293.1M more FCF
MRVL
$508.8M
$215.7M
LEVI
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
6.5%
LEVI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
LEVI
LEVI
MRVL
MRVL
Revenue
$1.8B
$2.1B
Net Profit
$158.0M
$1.9B
Gross Margin
60.8%
51.6%
Operating Margin
11.9%
17.2%
Net Margin
8.9%
91.7%
Revenue YoY
-4.0%
36.8%
Net Profit YoY
-13.4%
381.1%
EPS (diluted)
$0.39
$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
LEVI
LEVI
MRVL
MRVL
Q4 25
$1.8B
$2.1B
Q3 25
$1.5B
$2.0B
Q2 25
$1.4B
$1.9B
Q1 25
$1.5B
$1.8B
Q4 24
$1.8B
$1.5B
Q3 24
$1.5B
$1.3B
Q2 24
$1.4B
$1.2B
Q1 24
$1.6B
$1.4B
Net Profit
LEVI
LEVI
MRVL
MRVL
Q4 25
$158.0M
$1.9B
Q3 25
$218.1M
$194.8M
Q2 25
$67.0M
$177.9M
Q1 25
$135.0M
$200.2M
Q4 24
$182.5M
$-676.3M
Q3 24
$20.7M
$-193.3M
Q2 24
$18.0M
$-215.6M
Q1 24
$-10.6M
$-392.7M
Gross Margin
LEVI
LEVI
MRVL
MRVL
Q4 25
60.8%
51.6%
Q3 25
61.7%
50.4%
Q2 25
62.6%
50.3%
Q1 25
62.1%
50.5%
Q4 24
61.3%
23.0%
Q3 24
60.0%
46.2%
Q2 24
60.5%
45.5%
Q1 24
58.2%
46.6%
Operating Margin
LEVI
LEVI
MRVL
MRVL
Q4 25
11.9%
17.2%
Q3 25
10.8%
14.5%
Q2 25
7.5%
14.3%
Q1 25
12.5%
12.9%
Q4 24
11.5%
-46.4%
Q3 24
2.0%
-7.9%
Q2 24
1.5%
-13.1%
Q1 24
-0.0%
-2.3%
Net Margin
LEVI
LEVI
MRVL
MRVL
Q4 25
8.9%
91.7%
Q3 25
14.1%
9.7%
Q2 25
4.6%
9.4%
Q1 25
8.8%
11.0%
Q4 24
9.9%
-44.6%
Q3 24
1.4%
-15.2%
Q2 24
1.2%
-18.6%
Q1 24
-0.7%
-27.5%
EPS (diluted)
LEVI
LEVI
MRVL
MRVL
Q4 25
$0.39
$2.20
Q3 25
$0.55
$0.22
Q2 25
$0.17
$0.20
Q1 25
$0.34
$0.23
Q4 24
$0.46
$-0.78
Q3 24
$0.05
$-0.22
Q2 24
$0.04
$-0.25
Q1 24
$-0.03
$-0.45

Balance Sheet & Financial Strength

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

Metric
LEVI
LEVI
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$848.8M
$2.7B
Total DebtLower is stronger
$1.1B
$4.5B
Stockholders' EquityBook value
$2.3B
$14.1B
Total Assets
$6.8B
$21.6B
Debt / EquityLower = less leverage
0.46×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LEVI
LEVI
MRVL
MRVL
Q4 25
$848.8M
$2.7B
Q3 25
$707.5M
$1.2B
Q2 25
$736.7M
$885.9M
Q1 25
$574.4M
$948.3M
Q4 24
$690.0M
$868.1M
Q3 24
$577.1M
$808.7M
Q2 24
$641.4M
$847.7M
Q1 24
$516.7M
$950.8M
Total Debt
LEVI
LEVI
MRVL
MRVL
Q4 25
$1.1B
$4.5B
Q3 25
$1.0B
$4.5B
Q2 25
$1.0B
$4.2B
Q1 25
$987.4M
$4.1B
Q4 24
$994.0M
$4.1B
Q3 24
$1.0B
$4.1B
Q2 24
$1.0B
$4.1B
Q1 24
$1.0B
$4.2B
Stockholders' Equity
LEVI
LEVI
MRVL
MRVL
Q4 25
$2.3B
$14.1B
Q3 25
$2.2B
$13.4B
Q2 25
$2.1B
$13.3B
Q1 25
$2.0B
$13.4B
Q4 24
$2.0B
$13.4B
Q3 24
$1.9B
$14.2B
Q2 24
$2.0B
$14.5B
Q1 24
$2.0B
$14.8B
Total Assets
LEVI
LEVI
MRVL
MRVL
Q4 25
$6.8B
$21.6B
Q3 25
$6.7B
$20.6B
Q2 25
$6.5B
$20.0B
Q1 25
$6.2B
$20.2B
Q4 24
$6.4B
$19.7B
Q3 24
$6.3B
$20.3B
Q2 24
$6.2B
$20.5B
Q1 24
$6.0B
$21.2B
Debt / Equity
LEVI
LEVI
MRVL
MRVL
Q4 25
0.46×
0.32×
Q3 25
0.48×
0.33×
Q2 25
0.49×
0.32×
Q1 25
0.49×
0.30×
Q4 24
0.50×
0.31×
Q3 24
0.54×
0.29×
Q2 24
0.51×
0.29×
Q1 24
0.51×
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
LEVI
LEVI
MRVL
MRVL
Operating Cash FlowLast quarter
$266.8M
$582.3M
Free Cash FlowOCF − Capex
$215.7M
$508.8M
FCF MarginFCF / Revenue
12.2%
24.5%
Capex IntensityCapex / Revenue
2.9%
3.5%
Cash ConversionOCF / Net Profit
1.69×
0.31×
TTM Free Cash FlowTrailing 4 quarters
$308.2M
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LEVI
LEVI
MRVL
MRVL
Q4 25
$266.8M
$582.3M
Q3 25
$24.8M
$461.6M
Q2 25
$185.5M
$332.9M
Q1 25
$52.5M
$514.0M
Q4 24
$297.3M
$536.3M
Q3 24
$52.3M
$306.4M
Q2 24
$262.8M
$324.5M
Q1 24
$286.0M
$546.6M
Free Cash Flow
LEVI
LEVI
MRVL
MRVL
Q4 25
$215.7M
$508.8M
Q3 25
$-39.4M
$414.1M
Q2 25
$146.0M
$214.1M
Q1 25
$-14.1M
$444.1M
Q4 24
$231.6M
$461.3M
Q3 24
$2.3M
$258.2M
Q2 24
$222.6M
$233.0M
Q1 24
$214.4M
$475.6M
FCF Margin
LEVI
LEVI
MRVL
MRVL
Q4 25
12.2%
24.5%
Q3 25
-2.6%
20.6%
Q2 25
10.1%
11.3%
Q1 25
-0.9%
24.4%
Q4 24
12.6%
30.4%
Q3 24
0.2%
20.3%
Q2 24
15.4%
20.1%
Q1 24
13.8%
33.3%
Capex Intensity
LEVI
LEVI
MRVL
MRVL
Q4 25
2.9%
3.5%
Q3 25
4.2%
2.4%
Q2 25
2.7%
6.3%
Q1 25
4.4%
3.8%
Q4 24
3.6%
4.9%
Q3 24
3.3%
3.8%
Q2 24
2.8%
7.9%
Q1 24
4.6%
5.0%
Cash Conversion
LEVI
LEVI
MRVL
MRVL
Q4 25
1.69×
0.31×
Q3 25
0.11×
2.37×
Q2 25
2.77×
1.87×
Q1 25
0.39×
2.57×
Q4 24
1.63×
Q3 24
2.53×
Q2 24
14.60×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LEVI
LEVI

Other$760.3M43%
Sales Channel Through Intermediary$583.2M33%
Sales Channel Directly To Consumer$376.0M21%
Beyond Yoga$46.3M3%

MRVL
MRVL

Segment breakdown not available.

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