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Side-by-side financial comparison of MATTEL INC (MAT) 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 $862.2M, roughly 2.4× MATTEL INC). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 7.1%, a 84.6% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 4.3%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $-88.1M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs -10.6%).

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

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.

MAT vs MRVL — Head-to-Head

Bigger by revenue
MRVL
MRVL
2.4× larger
MRVL
$2.1B
$862.2M
MAT
Growing faster (revenue YoY)
MRVL
MRVL
+32.5% gap
MRVL
36.8%
4.3%
MAT
Higher net margin
MRVL
MRVL
84.6% more per $
MRVL
91.7%
7.1%
MAT
More free cash flow
MRVL
MRVL
$596.9M more FCF
MRVL
$508.8M
$-88.1M
MAT
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
-10.6%
MAT

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
MAT
MAT
MRVL
MRVL
Revenue
$862.2M
$2.1B
Net Profit
$61.0M
$1.9B
Gross Margin
44.9%
51.6%
Operating Margin
17.2%
Net Margin
7.1%
91.7%
Revenue YoY
4.3%
36.8%
Net Profit YoY
251.4%
381.1%
EPS (diluted)
$0.20
$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
MAT
MAT
MRVL
MRVL
Q1 26
$862.2M
Q4 25
$1.8B
$2.1B
Q3 25
$1.7B
$2.0B
Q2 25
$1.0B
$1.9B
Q1 25
$826.6M
$1.8B
Q4 24
$1.6B
$1.5B
Q3 24
$1.8B
$1.3B
Q2 24
$1.1B
$1.2B
Net Profit
MAT
MAT
MRVL
MRVL
Q1 26
$61.0M
Q4 25
$106.2M
$1.9B
Q3 25
$278.4M
$194.8M
Q2 25
$53.4M
$177.9M
Q1 25
$-40.3M
$200.2M
Q4 24
$140.9M
$-676.3M
Q3 24
$372.4M
$-193.3M
Q2 24
$56.9M
$-215.6M
Gross Margin
MAT
MAT
MRVL
MRVL
Q1 26
44.9%
Q4 25
45.9%
51.6%
Q3 25
50.0%
50.4%
Q2 25
50.9%
50.3%
Q1 25
49.4%
50.5%
Q4 24
50.7%
23.0%
Q3 24
53.1%
46.2%
Q2 24
49.2%
45.5%
Operating Margin
MAT
MAT
MRVL
MRVL
Q1 26
Q4 25
8.0%
17.2%
Q3 25
21.9%
14.5%
Q2 25
7.7%
14.3%
Q1 25
-6.4%
12.9%
Q4 24
9.6%
-46.4%
Q3 24
26.5%
-7.9%
Q2 24
7.7%
-13.1%
Net Margin
MAT
MAT
MRVL
MRVL
Q1 26
7.1%
Q4 25
6.0%
91.7%
Q3 25
16.0%
9.7%
Q2 25
5.2%
9.4%
Q1 25
-4.9%
11.0%
Q4 24
8.6%
-44.6%
Q3 24
20.2%
-15.2%
Q2 24
5.3%
-18.6%
EPS (diluted)
MAT
MAT
MRVL
MRVL
Q1 26
$0.20
Q4 25
$0.32
$2.20
Q3 25
$0.88
$0.22
Q2 25
$0.16
$0.20
Q1 25
$-0.12
$0.23
Q4 24
$0.40
$-0.78
Q3 24
$1.09
$-0.22
Q2 24
$0.17
$-0.25

Balance Sheet & Financial Strength

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

Metric
MAT
MAT
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$866.0M
$2.7B
Total DebtLower is stronger
$2.3B
$4.5B
Stockholders' EquityBook value
$2.1B
$14.1B
Total Assets
$6.3B
$21.6B
Debt / EquityLower = less leverage
1.11×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAT
MAT
MRVL
MRVL
Q1 26
$866.0M
Q4 25
$1.2B
$2.7B
Q3 25
$691.9M
$1.2B
Q2 25
$870.5M
$885.9M
Q1 25
$1.2B
$948.3M
Q4 24
$1.4B
$868.1M
Q3 24
$723.5M
$808.7M
Q2 24
$722.4M
$847.7M
Total Debt
MAT
MAT
MRVL
MRVL
Q1 26
$2.3B
Q4 25
$2.3B
$4.5B
Q3 25
$2.3B
$4.5B
Q2 25
$2.3B
$4.2B
Q1 25
$2.3B
$4.1B
Q4 24
$2.3B
$4.1B
Q3 24
$2.3B
$4.1B
Q2 24
$2.3B
$4.1B
Stockholders' Equity
MAT
MAT
MRVL
MRVL
Q1 26
$2.1B
Q4 25
$2.2B
$14.1B
Q3 25
$2.3B
$13.4B
Q2 25
$2.2B
$13.3B
Q1 25
$2.1B
$13.4B
Q4 24
$2.3B
$13.4B
Q3 24
$2.3B
$14.2B
Q2 24
$2.0B
$14.5B
Total Assets
MAT
MAT
MRVL
MRVL
Q1 26
$6.3B
Q4 25
$6.6B
$21.6B
Q3 25
$6.6B
$20.6B
Q2 25
$6.2B
$20.0B
Q1 25
$6.2B
$20.2B
Q4 24
$6.5B
$19.7B
Q3 24
$6.5B
$20.3B
Q2 24
$5.9B
$20.5B
Debt / Equity
MAT
MAT
MRVL
MRVL
Q1 26
1.11×
Q4 25
1.04×
0.32×
Q3 25
1.03×
0.33×
Q2 25
1.08×
0.32×
Q1 25
1.10×
0.30×
Q4 24
1.03×
0.31×
Q3 24
1.01×
0.29×
Q2 24
1.18×
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
MAT
MAT
MRVL
MRVL
Operating Cash FlowLast quarter
$582.3M
Free Cash FlowOCF − Capex
$-88.1M
$508.8M
FCF MarginFCF / Revenue
-10.2%
24.5%
Capex IntensityCapex / Revenue
7.6%
3.5%
Cash ConversionOCF / Net Profit
0.31×
TTM Free Cash FlowTrailing 4 quarters
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAT
MAT
MRVL
MRVL
Q1 26
Q4 25
$796.6M
$582.3M
Q3 25
$72.0M
$461.6M
Q2 25
$-300.1M
$332.9M
Q1 25
$24.8M
$514.0M
Q4 24
$862.1M
$536.3M
Q3 24
$155.8M
$306.4M
Q2 24
$-252.9M
$324.5M
Free Cash Flow
MAT
MAT
MRVL
MRVL
Q1 26
$-88.1M
Q4 25
$508.8M
Q3 25
$414.1M
Q2 25
$214.1M
Q1 25
$444.1M
Q4 24
$461.3M
Q3 24
$258.2M
Q2 24
$233.0M
FCF Margin
MAT
MAT
MRVL
MRVL
Q1 26
-10.2%
Q4 25
24.5%
Q3 25
20.6%
Q2 25
11.3%
Q1 25
24.4%
Q4 24
30.4%
Q3 24
20.3%
Q2 24
20.1%
Capex Intensity
MAT
MAT
MRVL
MRVL
Q1 26
7.6%
Q4 25
3.5%
Q3 25
2.4%
Q2 25
6.3%
Q1 25
3.8%
Q4 24
4.9%
Q3 24
3.8%
Q2 24
7.9%
Cash Conversion
MAT
MAT
MRVL
MRVL
Q1 26
Q4 25
7.50×
0.31×
Q3 25
0.26×
2.37×
Q2 25
-5.62×
1.87×
Q1 25
2.57×
Q4 24
6.12×
Q3 24
0.42×
Q2 24
-4.45×

Financial Flow Comparison

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

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