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Side-by-side financial comparison of Marvell Technology, Inc. (MRVL) and SIGNET JEWELERS LTD (SIG). Click either name above to swap in a different company.

Marvell Technology, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.4B, roughly 1.5× SIGNET JEWELERS LTD). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 1.4%, a 90.2% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 3.1%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $-1.5M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs -25.4%).

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.

Signet Jewelers Ltd. is, as of 2015, the world's largest retailer of diamond jewellery. The company is domiciled in Bermuda and headquartered in Akron, Ohio through the Fairlawn suburb, and is listed on the New York Stock Exchange. The group operates in the middle-market jewellery segment and holds number one positions in the US, Canada, and UK speciality jewellery markets. Certain brands operate in the upper middle market. Signet Jewelers owns and operates the companies Blue Nile, Zales, Kay...

MRVL vs SIG — Head-to-Head

Bigger by revenue
MRVL
MRVL
1.5× larger
MRVL
$2.1B
$1.4B
SIG
Growing faster (revenue YoY)
MRVL
MRVL
+33.7% gap
MRVL
36.8%
3.1%
SIG
Higher net margin
MRVL
MRVL
90.2% more per $
MRVL
91.7%
1.4%
SIG
More free cash flow
MRVL
MRVL
$510.3M more FCF
MRVL
$508.8M
$-1.5M
SIG
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
-25.4%
SIG

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
MRVL
MRVL
SIG
SIG
Revenue
$2.1B
$1.4B
Net Profit
$1.9B
$20.0M
Gross Margin
51.6%
37.3%
Operating Margin
17.2%
1.7%
Net Margin
91.7%
1.4%
Revenue YoY
36.8%
3.1%
Net Profit YoY
381.1%
185.7%
EPS (diluted)
$2.20
$0.49

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
MRVL
MRVL
SIG
SIG
Q4 25
$2.1B
$1.4B
Q3 25
$2.0B
$1.5B
Q2 25
$1.9B
$1.5B
Q1 25
$1.8B
$2.4B
Q4 24
$1.5B
$1.3B
Q3 24
$1.3B
$1.5B
Q2 24
$1.2B
$1.5B
Q1 24
$1.4B
$2.5B
Net Profit
MRVL
MRVL
SIG
SIG
Q4 25
$1.9B
$20.0M
Q3 25
$194.8M
$-9.1M
Q2 25
$177.9M
$33.5M
Q1 25
$200.2M
$100.6M
Q4 24
$-676.3M
$7.0M
Q3 24
$-193.3M
$-98.5M
Q2 24
$-215.6M
$52.1M
Q1 24
$-392.7M
$626.2M
Gross Margin
MRVL
MRVL
SIG
SIG
Q4 25
51.6%
37.3%
Q3 25
50.4%
38.6%
Q2 25
50.3%
38.8%
Q1 25
50.5%
42.6%
Q4 24
23.0%
36.0%
Q3 24
46.2%
38.0%
Q2 24
45.5%
37.9%
Q1 24
46.6%
43.3%
Operating Margin
MRVL
MRVL
SIG
SIG
Q4 25
17.2%
1.7%
Q3 25
14.5%
0.2%
Q2 25
14.3%
3.1%
Q1 25
12.9%
6.5%
Q4 24
-46.4%
0.7%
Q3 24
-7.9%
-6.8%
Q2 24
-13.1%
3.3%
Q1 24
-2.3%
16.7%
Net Margin
MRVL
MRVL
SIG
SIG
Q4 25
91.7%
1.4%
Q3 25
9.7%
-0.6%
Q2 25
9.4%
2.2%
Q1 25
11.0%
4.3%
Q4 24
-44.6%
0.5%
Q3 24
-15.2%
-6.6%
Q2 24
-18.6%
3.4%
Q1 24
-27.5%
25.1%
EPS (diluted)
MRVL
MRVL
SIG
SIG
Q4 25
$2.20
$0.49
Q3 25
$0.22
$-0.22
Q2 25
$0.20
$0.78
Q1 25
$0.23
$2.25
Q4 24
$-0.78
$0.12
Q3 24
$-0.22
$-2.28
Q2 24
$-0.25
$-0.90
Q1 24
$-0.45
$11.77

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
SIG
SIG
Cash + ST InvestmentsLiquidity on hand
$2.7B
$234.7M
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$14.1B
$1.7B
Total Assets
$21.6B
$5.4B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
SIG
SIG
Q4 25
$2.7B
$234.7M
Q3 25
$1.2B
$281.4M
Q2 25
$885.9M
$264.1M
Q1 25
$948.3M
$604.0M
Q4 24
$868.1M
$157.7M
Q3 24
$808.7M
$403.1M
Q2 24
$847.7M
$729.3M
Q1 24
$950.8M
$1.4B
Total Debt
MRVL
MRVL
SIG
SIG
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
MRVL
MRVL
SIG
SIG
Q4 25
$14.1B
$1.7B
Q3 25
$13.4B
$1.7B
Q2 25
$13.3B
$1.8B
Q1 25
$13.4B
$1.9B
Q4 24
$13.4B
$1.8B
Q3 24
$14.2B
$1.9B
Q2 24
$14.5B
$2.1B
Q1 24
$14.8B
$2.2B
Total Assets
MRVL
MRVL
SIG
SIG
Q4 25
$21.6B
$5.4B
Q3 25
$20.6B
$5.3B
Q2 25
$20.0B
$5.5B
Q1 25
$20.2B
$5.7B
Q4 24
$19.7B
$5.7B
Q3 24
$20.3B
$5.6B
Q2 24
$20.5B
$6.2B
Q1 24
$21.2B
$6.8B
Debt / Equity
MRVL
MRVL
SIG
SIG
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
MRVL
MRVL
SIG
SIG
Operating Cash FlowLast quarter
$582.3M
$31.0M
Free Cash FlowOCF − Capex
$508.8M
$-1.5M
FCF MarginFCF / Revenue
24.5%
-0.1%
Capex IntensityCapex / Revenue
3.5%
2.3%
Cash ConversionOCF / Net Profit
0.31×
1.55×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$591.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
SIG
SIG
Q4 25
$582.3M
$31.0M
Q3 25
$461.6M
$86.3M
Q2 25
$332.9M
$-175.3M
Q1 25
$514.0M
$780.7M
Q4 24
$536.3M
$-75.4M
Q3 24
$306.4M
$43.8M
Q2 24
$324.5M
$-158.2M
Q1 24
$546.6M
$752.2M
Free Cash Flow
MRVL
MRVL
SIG
SIG
Q4 25
$508.8M
$-1.5M
Q3 25
$414.1M
$62.3M
Q2 25
$214.1M
$-211.9M
Q1 25
$444.1M
$742.1M
Q4 24
$461.3M
$-138.5M
Q3 24
$258.2M
$15.8M
Q2 24
$233.0M
$-181.5M
Q1 24
$475.6M
$716.1M
FCF Margin
MRVL
MRVL
SIG
SIG
Q4 25
24.5%
-0.1%
Q3 25
20.6%
4.1%
Q2 25
11.3%
-13.7%
Q1 25
24.4%
31.5%
Q4 24
30.4%
-10.3%
Q3 24
20.3%
1.1%
Q2 24
20.1%
-12.0%
Q1 24
33.3%
28.7%
Capex Intensity
MRVL
MRVL
SIG
SIG
Q4 25
3.5%
2.3%
Q3 25
2.4%
1.6%
Q2 25
6.3%
2.4%
Q1 25
3.8%
1.6%
Q4 24
4.9%
4.7%
Q3 24
3.8%
1.9%
Q2 24
7.9%
1.5%
Q1 24
5.0%
1.4%
Cash Conversion
MRVL
MRVL
SIG
SIG
Q4 25
0.31×
1.55×
Q3 25
2.37×
Q2 25
1.87×
-5.23×
Q1 25
2.57×
7.76×
Q4 24
-10.77×
Q3 24
Q2 24
-3.04×
Q1 24
1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRVL
MRVL

Segment breakdown not available.

SIG
SIG

Other$571.9M41%
Zale Jewelry$243.4M17%
Extended Service Plan$129.6M9%
Diamonds Direct$87.9M6%
Blue Nile$74.3M5%
Extended Service Plan And Other Deferred Revenue$69.9M5%
Banter By Piercing Pagoda$69.2M5%
Watches$48.7M3%
Peoples$42.2M3%
James Allen$27.8M2%

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