vs

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

Truist Financial is the larger business by last-quarter revenue ($3.7B vs $2.1B, roughly 1.8× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 36.6%, a 55.1% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 3.1%). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs 4.8%).

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.

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust. Its bank operates 1,928 branches in 15 states and Washington, D.C., offering consumer, commercial, and investment banking, securities brokerage, asset management, mortgage, and insurance products and services. It is the tenth-largest bank in the United States, with $523 billion in assets.

MRVL vs TFC — Head-to-Head

Bigger by revenue
TFC
TFC
1.8× larger
TFC
$3.7B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+33.8% gap
MRVL
36.8%
3.1%
TFC
Higher net margin
MRVL
MRVL
55.1% more per $
MRVL
91.7%
36.6%
TFC
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
4.8%
TFC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MRVL
MRVL
TFC
TFC
Revenue
$2.1B
$3.7B
Net Profit
$1.9B
$1.4B
Gross Margin
51.6%
Operating Margin
17.2%
42.3%
Net Margin
91.7%
36.6%
Revenue YoY
36.8%
3.1%
Net Profit YoY
381.1%
6.1%
EPS (diluted)
$2.20
$1.01

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
TFC
TFC
Q4 25
$2.1B
$3.7B
Q3 25
$2.0B
$3.6B
Q2 25
$1.9B
$3.6B
Q1 25
$1.8B
$3.5B
Q4 24
$1.5B
$3.6B
Q3 24
$1.3B
$3.6B
Q2 24
$1.2B
$3.5B
Q1 24
$1.4B
$3.4B
Net Profit
MRVL
MRVL
TFC
TFC
Q4 25
$1.9B
$1.4B
Q3 25
$194.8M
$1.5B
Q2 25
$177.9M
$1.2B
Q1 25
$200.2M
$1.3B
Q4 24
$-676.3M
$1.3B
Q3 24
$-193.3M
$1.4B
Q2 24
$-215.6M
$922.0M
Q1 24
$-392.7M
$1.2B
Gross Margin
MRVL
MRVL
TFC
TFC
Q4 25
51.6%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.5%
Q4 24
23.0%
Q3 24
46.2%
Q2 24
45.5%
Q1 24
46.6%
Operating Margin
MRVL
MRVL
TFC
TFC
Q4 25
17.2%
42.3%
Q3 25
14.5%
47.9%
Q2 25
14.3%
42.2%
Q1 25
12.9%
43.8%
Q4 24
-46.4%
43.3%
Q3 24
-7.9%
47.5%
Q2 24
-13.1%
-148.3%
Q1 24
-2.3%
40.5%
Net Margin
MRVL
MRVL
TFC
TFC
Q4 25
91.7%
36.6%
Q3 25
9.7%
40.0%
Q2 25
9.4%
34.6%
Q1 25
11.0%
36.0%
Q4 24
-44.6%
35.5%
Q3 24
-15.2%
40.0%
Q2 24
-18.6%
26.1%
Q1 24
-27.5%
35.6%
EPS (diluted)
MRVL
MRVL
TFC
TFC
Q4 25
$2.20
$1.01
Q3 25
$0.22
$1.04
Q2 25
$0.20
$0.90
Q1 25
$0.23
$0.87
Q4 24
$-0.78
$0.94
Q3 24
$-0.22
$0.99
Q2 24
$-0.25
$0.62
Q1 24
$-0.45
$0.81

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
TFC
TFC
Cash + ST InvestmentsLiquidity on hand
$2.7B
Total DebtLower is stronger
$4.5B
$42.0B
Stockholders' EquityBook value
$14.1B
$65.2B
Total Assets
$21.6B
$547.5B
Debt / EquityLower = less leverage
0.32×
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
TFC
TFC
Q4 25
$2.7B
Q3 25
$1.2B
Q2 25
$885.9M
Q1 25
$948.3M
Q4 24
$868.1M
Q3 24
$808.7M
Q2 24
$847.7M
Q1 24
$950.8M
Total Debt
MRVL
MRVL
TFC
TFC
Q4 25
$4.5B
$42.0B
Q3 25
$4.5B
$41.7B
Q2 25
$4.2B
$44.4B
Q1 25
$4.1B
$32.0B
Q4 24
$4.1B
$35.0B
Q3 24
$4.1B
$36.8B
Q2 24
$4.1B
$34.6B
Q1 24
$4.2B
$39.1B
Stockholders' Equity
MRVL
MRVL
TFC
TFC
Q4 25
$14.1B
$65.2B
Q3 25
$13.4B
$65.6B
Q2 25
$13.3B
$64.8B
Q1 25
$13.4B
$64.6B
Q4 24
$13.4B
$63.7B
Q3 24
$14.2B
$65.7B
Q2 24
$14.5B
$63.8B
Q1 24
$14.8B
$59.1B
Total Assets
MRVL
MRVL
TFC
TFC
Q4 25
$21.6B
$547.5B
Q3 25
$20.6B
$543.9B
Q2 25
$20.0B
$543.8B
Q1 25
$20.2B
$535.9B
Q4 24
$19.7B
$531.2B
Q3 24
$20.3B
$523.4B
Q2 24
$20.5B
$519.9B
Q1 24
$21.2B
$535.0B
Debt / Equity
MRVL
MRVL
TFC
TFC
Q4 25
0.32×
0.64×
Q3 25
0.33×
0.64×
Q2 25
0.32×
0.69×
Q1 25
0.30×
0.50×
Q4 24
0.31×
0.55×
Q3 24
0.29×
0.56×
Q2 24
0.29×
0.54×
Q1 24
0.28×
0.66×

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
TFC
TFC
Operating Cash FlowLast quarter
$582.3M
$2.6B
Free Cash FlowOCF − Capex
$508.8M
FCF MarginFCF / Revenue
24.5%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
0.31×
1.91×
TTM Free Cash FlowTrailing 4 quarters
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
TFC
TFC
Q4 25
$582.3M
$2.6B
Q3 25
$461.6M
$1.5B
Q2 25
$332.9M
$914.0M
Q1 25
$514.0M
$746.0M
Q4 24
$536.3M
$775.0M
Q3 24
$306.4M
$1.5B
Q2 24
$324.5M
$845.0M
Q1 24
$546.6M
$-990.0M
Free Cash Flow
MRVL
MRVL
TFC
TFC
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
Q1 24
$475.6M
FCF Margin
MRVL
MRVL
TFC
TFC
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%
Q1 24
33.3%
Capex Intensity
MRVL
MRVL
TFC
TFC
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%
Q1 24
5.0%
Cash Conversion
MRVL
MRVL
TFC
TFC
Q4 25
0.31×
1.91×
Q3 25
2.37×
1.03×
Q2 25
1.87×
0.74×
Q1 25
2.57×
0.59×
Q4 24
0.61×
Q3 24
1.06×
Q2 24
0.92×
Q1 24
-0.82×

Financial Flow Comparison

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

Related Comparisons