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Side-by-side financial comparison of Marvell Technology, Inc. (MRVL) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $2.1B, roughly 1.3× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 5.5%, a 86.1% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 2.0%). Marvell Technology, Inc. produced more free cash flow last quarter ($508.8M vs $-212.9M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs -15.8%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

MRVL vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.3× larger
TAP
$2.7B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+34.8% gap
MRVL
36.8%
2.0%
TAP
Higher net margin
MRVL
MRVL
86.1% more per $
MRVL
91.7%
5.5%
TAP
More free cash flow
MRVL
MRVL
$721.7M more FCF
MRVL
$508.8M
$-212.9M
TAP
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
-15.8%
TAP

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
MRVL
MRVL
TAP
TAP
Revenue
$2.1B
$2.7B
Net Profit
$1.9B
$150.1M
Gross Margin
51.6%
33.0%
Operating Margin
17.2%
Net Margin
91.7%
5.5%
Revenue YoY
36.8%
2.0%
Net Profit YoY
381.1%
25.0%
EPS (diluted)
$2.20
$0.80

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
TAP
TAP
Q1 26
$2.7B
Q4 25
$2.1B
$3.1B
Q3 25
$2.0B
$3.5B
Q2 25
$1.9B
$3.7B
Q1 25
$1.8B
$2.7B
Q4 24
$1.5B
$3.2B
Q3 24
$1.3B
$3.6B
Q2 24
$1.2B
$3.8B
Net Profit
MRVL
MRVL
TAP
TAP
Q1 26
$150.1M
Q4 25
$1.9B
$238.3M
Q3 25
$194.8M
$-2.9B
Q2 25
$177.9M
$428.7M
Q1 25
$200.2M
$121.0M
Q4 24
$-676.3M
$287.8M
Q3 24
$-193.3M
$199.8M
Q2 24
$-215.6M
$427.0M
Gross Margin
MRVL
MRVL
TAP
TAP
Q1 26
33.0%
Q4 25
51.6%
31.0%
Q3 25
50.4%
33.7%
Q2 25
50.3%
34.3%
Q1 25
50.5%
31.6%
Q4 24
23.0%
32.0%
Q3 24
46.2%
33.4%
Q2 24
45.5%
34.6%
Operating Margin
MRVL
MRVL
TAP
TAP
Q1 26
Q4 25
17.2%
10.4%
Q3 25
14.5%
-98.5%
Q2 25
14.3%
15.6%
Q1 25
12.9%
6.9%
Q4 24
-46.4%
12.0%
Q3 24
-7.9%
12.5%
Q2 24
-13.1%
15.6%
Net Margin
MRVL
MRVL
TAP
TAP
Q1 26
5.5%
Q4 25
91.7%
7.6%
Q3 25
9.7%
-84.0%
Q2 25
9.4%
11.5%
Q1 25
11.0%
4.5%
Q4 24
-44.6%
8.9%
Q3 24
-15.2%
5.5%
Q2 24
-18.6%
11.1%
EPS (diluted)
MRVL
MRVL
TAP
TAP
Q1 26
$0.80
Q4 25
$2.20
$1.32
Q3 25
$0.22
$-14.79
Q2 25
$0.20
$2.13
Q1 25
$0.23
$0.59
Q4 24
$-0.78
$1.39
Q3 24
$-0.22
$0.96
Q2 24
$-0.25
$2.03

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$2.7B
$382.6M
Total DebtLower is stronger
$4.5B
$3.8B
Stockholders' EquityBook value
$14.1B
$10.3B
Total Assets
$21.6B
$22.4B
Debt / EquityLower = less leverage
0.32×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
TAP
TAP
Q1 26
$382.6M
Q4 25
$2.7B
$896.5M
Q3 25
$1.2B
$950.2M
Q2 25
$885.9M
$613.8M
Q1 25
$948.3M
$412.7M
Q4 24
$868.1M
$969.3M
Q3 24
$808.7M
$1.0B
Q2 24
$847.7M
$1.6B
Total Debt
MRVL
MRVL
TAP
TAP
Q1 26
$3.8B
Q4 25
$4.5B
$6.3B
Q3 25
$4.5B
$6.3B
Q2 25
$4.2B
$6.3B
Q1 25
$4.1B
$6.2B
Q4 24
$4.1B
$6.1B
Q3 24
$4.1B
$6.2B
Q2 24
$4.1B
$7.0B
Stockholders' Equity
MRVL
MRVL
TAP
TAP
Q1 26
$10.3B
Q4 25
$14.1B
$10.2B
Q3 25
$13.4B
$10.3B
Q2 25
$13.3B
$13.4B
Q1 25
$13.4B
$13.1B
Q4 24
$13.4B
$13.1B
Q3 24
$14.2B
$13.3B
Q2 24
$14.5B
$13.2B
Total Assets
MRVL
MRVL
TAP
TAP
Q1 26
$22.4B
Q4 25
$21.6B
$22.7B
Q3 25
$20.6B
$22.9B
Q2 25
$20.0B
$26.8B
Q1 25
$20.2B
$25.9B
Q4 24
$19.7B
$26.1B
Q3 24
$20.3B
$26.6B
Q2 24
$20.5B
$27.4B
Debt / Equity
MRVL
MRVL
TAP
TAP
Q1 26
0.38×
Q4 25
0.32×
0.61×
Q3 25
0.33×
0.61×
Q2 25
0.32×
0.47×
Q1 25
0.30×
0.47×
Q4 24
0.31×
0.47×
Q3 24
0.29×
0.47×
Q2 24
0.29×
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$582.3M
Free Cash FlowOCF − Capex
$508.8M
$-212.9M
FCF MarginFCF / Revenue
24.5%
-7.8%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
0.31×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
TAP
TAP
Q1 26
Q4 25
$582.3M
$540.7M
Q3 25
$461.6M
$616.1M
Q2 25
$332.9M
$718.3M
Q1 25
$514.0M
$-90.7M
Q4 24
$536.3M
$494.5M
Q3 24
$306.4M
$521.2M
Q2 24
$324.5M
$869.2M
Free Cash Flow
MRVL
MRVL
TAP
TAP
Q1 26
$-212.9M
Q4 25
$508.8M
$357.8M
Q3 25
$414.1M
$483.0M
Q2 25
$214.1M
$555.0M
Q1 25
$444.1M
$-328.0M
Q4 24
$461.3M
$383.4M
Q3 24
$258.2M
$350.4M
Q2 24
$233.0M
$691.7M
FCF Margin
MRVL
MRVL
TAP
TAP
Q1 26
-7.8%
Q4 25
24.5%
11.4%
Q3 25
20.6%
13.9%
Q2 25
11.3%
14.8%
Q1 25
24.4%
-12.2%
Q4 24
30.4%
11.8%
Q3 24
20.3%
9.7%
Q2 24
20.1%
18.0%
Capex Intensity
MRVL
MRVL
TAP
TAP
Q1 26
Q4 25
3.5%
5.9%
Q3 25
2.4%
3.8%
Q2 25
6.3%
4.4%
Q1 25
3.8%
8.8%
Q4 24
4.9%
3.4%
Q3 24
3.8%
4.7%
Q2 24
7.9%
4.6%
Cash Conversion
MRVL
MRVL
TAP
TAP
Q1 26
Q4 25
0.31×
2.27×
Q3 25
2.37×
Q2 25
1.87×
1.68×
Q1 25
2.57×
-0.75×
Q4 24
1.72×
Q3 24
2.61×
Q2 24
2.04×

Financial Flow Comparison

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

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