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

Toll Brothers, Inc. is the larger business by last-quarter revenue ($3.4B vs $2.1B, roughly 1.7× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 13.0%, a 78.6% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 2.7%). Toll Brothers, Inc. produced more free cash flow last quarter ($772.2M vs $508.8M). Over the past eight quarters, Toll Brothers, Inc.'s revenue compounded faster (32.6% CAGR vs 20.6%).

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.

Toll Brothers, Inc. is an American homebuilding company that builds, markets, and finances for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.

MRVL vs TOL — Head-to-Head

Bigger by revenue
TOL
TOL
1.7× larger
TOL
$3.4B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+34.1% gap
MRVL
36.8%
2.7%
TOL
Higher net margin
MRVL
MRVL
78.6% more per $
MRVL
91.7%
13.0%
TOL
More free cash flow
TOL
TOL
$263.4M more FCF
TOL
$772.2M
$508.8M
MRVL
Faster 2-yr revenue CAGR
TOL
TOL
Annualised
TOL
32.6%
20.6%
MRVL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MRVL
MRVL
TOL
TOL
Revenue
$2.1B
$3.4B
Net Profit
$1.9B
$446.7M
Gross Margin
51.6%
24.8%
Operating Margin
17.2%
16.5%
Net Margin
91.7%
13.0%
Revenue YoY
36.8%
2.7%
Net Profit YoY
381.1%
-6.0%
EPS (diluted)
$2.20
$4.51

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
TOL
TOL
Q4 25
$2.1B
$3.4B
Q3 25
$2.0B
$2.9B
Q2 25
$1.9B
$2.7B
Q1 25
$1.8B
$1.9B
Q4 24
$1.5B
$3.3B
Q3 24
$1.3B
$2.7B
Q2 24
$1.2B
$2.8B
Q1 24
$1.4B
$1.9B
Net Profit
MRVL
MRVL
TOL
TOL
Q4 25
$1.9B
$446.7M
Q3 25
$194.8M
$369.6M
Q2 25
$177.9M
$352.4M
Q1 25
$200.2M
$177.7M
Q4 24
$-676.3M
$475.4M
Q3 24
$-193.3M
$374.6M
Q2 24
$-215.6M
$481.6M
Q1 24
$-392.7M
$239.6M
Gross Margin
MRVL
MRVL
TOL
TOL
Q4 25
51.6%
24.8%
Q3 25
50.4%
25.2%
Q2 25
50.3%
25.8%
Q1 25
50.5%
24.7%
Q4 24
23.0%
26.4%
Q3 24
46.2%
27.2%
Q2 24
45.5%
30.4%
Q1 24
46.6%
27.6%
Operating Margin
MRVL
MRVL
TOL
TOL
Q4 25
17.2%
16.5%
Q3 25
14.5%
16.6%
Q2 25
14.3%
16.4%
Q1 25
12.9%
11.8%
Q4 24
-46.4%
18.3%
Q3 24
-7.9%
18.2%
Q2 24
-13.1%
22.0%
Q1 24
-2.3%
15.8%
Net Margin
MRVL
MRVL
TOL
TOL
Q4 25
91.7%
13.0%
Q3 25
9.7%
12.6%
Q2 25
9.4%
12.9%
Q1 25
11.0%
9.6%
Q4 24
-44.6%
14.3%
Q3 24
-15.2%
13.7%
Q2 24
-18.6%
17.0%
Q1 24
-27.5%
12.3%
EPS (diluted)
MRVL
MRVL
TOL
TOL
Q4 25
$2.20
$4.51
Q3 25
$0.22
$3.73
Q2 25
$0.20
$3.50
Q1 25
$0.23
$1.75
Q4 24
$-0.78
$4.61
Q3 24
$-0.22
$3.60
Q2 24
$-0.25
$4.55
Q1 24
$-0.45
$2.25

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
TOL
TOL
Cash + ST InvestmentsLiquidity on hand
$2.7B
$1.3B
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$14.1B
$8.3B
Total Assets
$21.6B
$14.5B
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
TOL
TOL
Q4 25
$2.7B
$1.3B
Q3 25
$1.2B
$852.3M
Q2 25
$885.9M
$686.5M
Q1 25
$948.3M
$574.8M
Q4 24
$868.1M
$1.3B
Q3 24
$808.7M
$893.4M
Q2 24
$847.7M
$1.0B
Q1 24
$950.8M
$754.8M
Total Debt
MRVL
MRVL
TOL
TOL
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
TOL
TOL
Q4 25
$14.1B
$8.3B
Q3 25
$13.4B
$8.1B
Q2 25
$13.3B
$7.9B
Q1 25
$13.4B
$7.8B
Q4 24
$13.4B
$7.7B
Q3 24
$14.2B
$7.4B
Q2 24
$14.5B
$7.3B
Q1 24
$14.8B
$7.0B
Total Assets
MRVL
MRVL
TOL
TOL
Q4 25
$21.6B
$14.5B
Q3 25
$20.6B
$14.4B
Q2 25
$20.0B
$14.2B
Q1 25
$20.2B
$13.6B
Q4 24
$19.7B
$13.4B
Q3 24
$20.3B
$13.4B
Q2 24
$20.5B
$13.3B
Q1 24
$21.2B
$12.5B
Debt / Equity
MRVL
MRVL
TOL
TOL
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
TOL
TOL
Operating Cash FlowLast quarter
$582.3M
$800.0M
Free Cash FlowOCF − Capex
$508.8M
$772.2M
FCF MarginFCF / Revenue
24.5%
22.6%
Capex IntensityCapex / Revenue
3.5%
0.8%
Cash ConversionOCF / Net Profit
0.31×
1.79×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
TOL
TOL
Q4 25
$582.3M
$800.0M
Q3 25
$461.6M
$370.3M
Q2 25
$332.9M
$362.8M
Q1 25
$514.0M
$-420.8M
Q4 24
$536.3M
$682.5M
Q3 24
$306.4M
$175.6M
Q2 24
$324.5M
$459.0M
Q1 24
$546.6M
$-307.0M
Free Cash Flow
MRVL
MRVL
TOL
TOL
Q4 25
$508.8M
$772.2M
Q3 25
$414.1M
$344.9M
Q2 25
$214.1M
$347.3M
Q1 25
$444.1M
$-438.1M
Q4 24
$461.3M
$664.3M
Q3 24
$258.2M
$149.9M
Q2 24
$233.0M
$442.9M
Q1 24
$475.6M
$-320.6M
FCF Margin
MRVL
MRVL
TOL
TOL
Q4 25
24.5%
22.6%
Q3 25
20.6%
11.7%
Q2 25
11.3%
12.7%
Q1 25
24.4%
-23.6%
Q4 24
30.4%
19.9%
Q3 24
20.3%
5.5%
Q2 24
20.1%
15.6%
Q1 24
33.3%
-16.5%
Capex Intensity
MRVL
MRVL
TOL
TOL
Q4 25
3.5%
0.8%
Q3 25
2.4%
0.9%
Q2 25
6.3%
0.6%
Q1 25
3.8%
0.9%
Q4 24
4.9%
0.5%
Q3 24
3.8%
0.9%
Q2 24
7.9%
0.6%
Q1 24
5.0%
0.7%
Cash Conversion
MRVL
MRVL
TOL
TOL
Q4 25
0.31×
1.79×
Q3 25
2.37×
1.00×
Q2 25
1.87×
1.03×
Q1 25
2.57×
-2.37×
Q4 24
1.44×
Q3 24
0.47×
Q2 24
0.95×
Q1 24
-1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRVL
MRVL

Segment breakdown not available.

TOL
TOL

Home Building$3.4B100%
Land$9.4M0%

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