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Side-by-side financial comparison of Marvell Technology, Inc. (MRVL) and Constellation Brands (STZ). Click either name above to swap in a different company.

Constellation Brands is the larger business by last-quarter revenue ($2.2B vs $2.1B, roughly 1.1× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 22.6%, a 69.0% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs -9.8%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $370.9M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 1.9%).

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.

Constellation Brands, Inc. is an American producer and marketer of beer, wine, and spirits. A Fortune 500 company, Constellation is the largest beer import company in the US, measured by sales, and has the third-largest market share of all major beer suppliers. It also has sizable investments in medical and recreational cannabis through its association with Canopy Growth. Based in Rochester, New York, Constellation has about 40 facilities and approximately 9,000 employees.

MRVL vs STZ — Head-to-Head

Bigger by revenue
STZ
STZ
1.1× larger
STZ
$2.2B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+46.6% gap
MRVL
36.8%
-9.8%
STZ
Higher net margin
MRVL
MRVL
69.0% more per $
MRVL
91.7%
22.6%
STZ
More free cash flow
MRVL
MRVL
$137.9M more FCF
MRVL
$508.8M
$370.9M
STZ
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
1.9%
STZ

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
MRVL
MRVL
STZ
STZ
Revenue
$2.1B
$2.2B
Net Profit
$1.9B
$502.8M
Gross Margin
51.6%
53.2%
Operating Margin
17.2%
31.1%
Net Margin
91.7%
22.6%
Revenue YoY
36.8%
-9.8%
Net Profit YoY
381.1%
-18.4%
EPS (diluted)
$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
MRVL
MRVL
STZ
STZ
Q4 25
$2.1B
$2.2B
Q3 25
$2.0B
$2.5B
Q2 25
$1.9B
$2.5B
Q1 25
$1.8B
$2.2B
Q4 24
$1.5B
$2.5B
Q3 24
$1.3B
$2.9B
Q2 24
$1.2B
$2.7B
Q1 24
$1.4B
$2.1B
Net Profit
MRVL
MRVL
STZ
STZ
Q4 25
$1.9B
$502.8M
Q3 25
$194.8M
$466.0M
Q2 25
$177.9M
$516.1M
Q1 25
$200.2M
$-375.3M
Q4 24
$-676.3M
$615.9M
Q3 24
$-193.3M
$-1.2B
Q2 24
$-215.6M
$877.0M
Q1 24
$-392.7M
$392.4M
Gross Margin
MRVL
MRVL
STZ
STZ
Q4 25
51.6%
53.2%
Q3 25
50.4%
52.8%
Q2 25
50.3%
50.4%
Q1 25
50.5%
51.5%
Q4 24
23.0%
52.1%
Q3 24
46.2%
51.8%
Q2 24
45.5%
52.7%
Q1 24
46.6%
48.6%
Operating Margin
MRVL
MRVL
STZ
STZ
Q4 25
17.2%
31.1%
Q3 25
14.5%
35.2%
Q2 25
14.3%
28.4%
Q1 25
12.9%
-6.9%
Q4 24
-46.4%
32.2%
Q3 24
-7.9%
-42.1%
Q2 24
-13.1%
35.4%
Q1 24
-2.3%
29.4%
Net Margin
MRVL
MRVL
STZ
STZ
Q4 25
91.7%
22.6%
Q3 25
9.7%
18.8%
Q2 25
9.4%
20.5%
Q1 25
11.0%
-17.3%
Q4 24
-44.6%
25.0%
Q3 24
-15.2%
-41.1%
Q2 24
-18.6%
32.9%
Q1 24
-27.5%
18.3%
EPS (diluted)
MRVL
MRVL
STZ
STZ
Q4 25
$2.20
Q3 25
$0.22
Q2 25
$0.20
Q1 25
$0.23
Q4 24
$-0.78
Q3 24
$-0.22
Q2 24
$-0.25
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
STZ
STZ
Cash + ST InvestmentsLiquidity on hand
$2.7B
$152.4M
Total DebtLower is stronger
$4.5B
$10.3B
Stockholders' EquityBook value
$14.1B
$7.7B
Total Assets
$21.6B
$21.7B
Debt / EquityLower = less leverage
0.32×
1.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
STZ
STZ
Q4 25
$2.7B
$152.4M
Q3 25
$1.2B
$72.0M
Q2 25
$885.9M
$73.9M
Q1 25
$948.3M
$68.1M
Q4 24
$868.1M
$73.7M
Q3 24
$808.7M
$64.6M
Q2 24
$847.7M
$73.8M
Q1 24
$950.8M
$152.4M
Total Debt
MRVL
MRVL
STZ
STZ
Q4 25
$4.5B
$10.3B
Q3 25
$4.5B
$10.3B
Q2 25
$4.2B
$11.2B
Q1 25
$4.1B
$10.7B
Q4 24
$4.1B
$10.7B
Q3 24
$4.1B
$11.1B
Q2 24
$4.1B
$11.1B
Q1 24
$4.2B
$11.6B
Stockholders' Equity
MRVL
MRVL
STZ
STZ
Q4 25
$14.1B
$7.7B
Q3 25
$13.4B
$7.5B
Q2 25
$13.3B
$7.3B
Q1 25
$13.4B
$6.9B
Q4 24
$13.4B
$7.8B
Q3 24
$14.2B
$7.9B
Q2 24
$14.5B
$10.3B
Q1 24
$14.8B
$9.7B
Total Assets
MRVL
MRVL
STZ
STZ
Q4 25
$21.6B
$21.7B
Q3 25
$20.6B
$21.4B
Q2 25
$20.0B
$22.3B
Q1 25
$20.2B
$21.7B
Q4 24
$19.7B
$22.8B
Q3 24
$20.3B
$23.1B
Q2 24
$20.5B
$26.1B
Q1 24
$21.2B
$25.7B
Debt / Equity
MRVL
MRVL
STZ
STZ
Q4 25
0.32×
1.33×
Q3 25
0.33×
1.37×
Q2 25
0.32×
1.54×
Q1 25
0.30×
1.55×
Q4 24
0.31×
1.37×
Q3 24
0.29×
1.41×
Q2 24
0.29×
1.08×
Q1 24
0.28×
1.19×

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
STZ
STZ
Operating Cash FlowLast quarter
$582.3M
$616.9M
Free Cash FlowOCF − Capex
$508.8M
$370.9M
FCF MarginFCF / Revenue
24.5%
16.7%
Capex IntensityCapex / Revenue
3.5%
11.1%
Cash ConversionOCF / Net Profit
0.31×
1.23×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$1.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
STZ
STZ
Q4 25
$582.3M
$616.9M
Q3 25
$461.6M
$852.1M
Q2 25
$332.9M
$637.2M
Q1 25
$514.0M
$594.7M
Q4 24
$536.3M
$685.2M
Q3 24
$306.4M
$1.2B
Q2 24
$324.5M
$690.5M
Q1 24
$546.6M
$433.2M
Free Cash Flow
MRVL
MRVL
STZ
STZ
Q4 25
$508.8M
$370.9M
Q3 25
$414.1M
$634.8M
Q2 25
$214.1M
$444.4M
Q1 25
$444.1M
$312.1M
Q4 24
$461.3M
$456.8M
Q3 24
$258.2M
$854.0M
Q2 24
$233.0M
$315.2M
Q1 24
$475.6M
$76.0M
FCF Margin
MRVL
MRVL
STZ
STZ
Q4 25
24.5%
16.7%
Q3 25
20.6%
25.6%
Q2 25
11.3%
17.7%
Q1 25
24.4%
14.4%
Q4 24
30.4%
18.5%
Q3 24
20.3%
29.3%
Q2 24
20.1%
11.8%
Q1 24
33.3%
3.6%
Capex Intensity
MRVL
MRVL
STZ
STZ
Q4 25
3.5%
11.1%
Q3 25
2.4%
8.8%
Q2 25
6.3%
7.7%
Q1 25
3.8%
13.1%
Q4 24
4.9%
9.3%
Q3 24
3.8%
11.2%
Q2 24
7.9%
14.1%
Q1 24
5.0%
16.7%
Cash Conversion
MRVL
MRVL
STZ
STZ
Q4 25
0.31×
1.23×
Q3 25
2.37×
1.83×
Q2 25
1.87×
1.23×
Q1 25
2.57×
Q4 24
1.11×
Q3 24
Q2 24
0.79×
Q1 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRVL
MRVL

Segment breakdown not available.

STZ
STZ

Beer$2.0B90%
Constellation Wines And Spirits$213.1M10%

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