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

UGI CORP is the larger business by last-quarter revenue ($2.7B vs $2.2B, roughly 1.2× Marvell Technology, Inc.). UGI CORP runs the higher net margin — 19.4% vs 17.9%, a 1.5% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (22.1% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 38.2%).

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.

UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.

MRVL vs UGI — Head-to-Head

Bigger by revenue
UGI
UGI
1.2× larger
UGI
$2.7B
$2.2B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+21.4% gap
MRVL
22.1%
0.7%
UGI
Higher net margin
UGI
UGI
1.5% more per $
UGI
19.4%
17.9%
MRVL
Faster 2-yr revenue CAGR
UGI
UGI
Annualised
UGI
40.9%
38.2%
MRVL

Income Statement — Q1 FY2027 vs Q2 FY2026

Metric
MRVL
MRVL
UGI
UGI
Revenue
$2.2B
$2.7B
Net Profit
$396.1M
$520.0M
Gross Margin
51.7%
Operating Margin
66.5%
9.3%
Net Margin
17.9%
19.4%
Revenue YoY
22.1%
0.7%
Net Profit YoY
-2.4%
EPS (diluted)
$0.46
$2.33

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
UGI
UGI
Q1 26
$2.2B
$2.7B
Q4 25
$2.1B
$2.1B
Q3 25
$2.0B
$1.2B
Q2 25
$1.9B
$1.4B
Q1 25
$1.8B
$2.6B
Q4 24
$1.5B
$2.0B
Q3 24
$1.3B
$1.2B
Q2 24
$1.2B
$1.4B
Net Profit
MRVL
MRVL
UGI
UGI
Q1 26
$396.1M
$520.0M
Q4 25
$1.9B
$297.0M
Q3 25
$194.8M
$-13.0M
Q2 25
$177.9M
$-163.0M
Q1 25
$200.2M
$479.0M
Q4 24
$-676.3M
$375.0M
Q3 24
$-193.3M
$-273.0M
Q2 24
$-215.6M
$-48.0M
Gross Margin
MRVL
MRVL
UGI
UGI
Q1 26
51.7%
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%
Operating Margin
MRVL
MRVL
UGI
UGI
Q1 26
66.5%
9.3%
Q4 25
17.2%
22.0%
Q3 25
14.5%
1.1%
Q2 25
14.3%
-6.8%
Q1 25
12.9%
26.6%
Q4 24
-46.4%
24.5%
Q3 24
-7.9%
-20.4%
Q2 24
-13.1%
5.0%
Net Margin
MRVL
MRVL
UGI
UGI
Q1 26
17.9%
19.4%
Q4 25
91.7%
14.4%
Q3 25
9.7%
-1.1%
Q2 25
9.4%
-12.0%
Q1 25
11.0%
18.2%
Q4 24
-44.6%
18.9%
Q3 24
-15.2%
-22.6%
Q2 24
-18.6%
-3.6%
EPS (diluted)
MRVL
MRVL
UGI
UGI
Q1 26
$0.46
$2.33
Q4 25
$2.20
$1.34
Q3 25
$0.22
$-0.08
Q2 25
$0.20
$-0.76
Q1 25
$0.23
$2.19
Q4 24
$-0.78
$1.74
Q3 24
$-0.22
$-1.26
Q2 24
$-0.25
$-0.23

Balance Sheet & Financial Strength

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

Metric
MRVL
MRVL
UGI
UGI
Cash + ST InvestmentsLiquidity on hand
$2.6B
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$14.3B
Total Assets
$22.3B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRVL
MRVL
UGI
UGI
Q1 26
$2.6B
Q4 25
$2.7B
$251.0M
Q3 25
$1.2B
$335.0M
Q2 25
$885.9M
$350.0M
Q1 25
$948.3M
$426.0M
Q4 24
$868.1M
$240.0M
Q3 24
$808.7M
$213.0M
Q2 24
$847.7M
$183.0M
Total Debt
MRVL
MRVL
UGI
UGI
Q1 26
$4.5B
Q4 25
$4.5B
$6.0B
Q3 25
$4.5B
$6.5B
Q2 25
$4.2B
$5.7B
Q1 25
$4.1B
$6.6B
Q4 24
$4.1B
$6.6B
Q3 24
$4.1B
$6.4B
Q2 24
$4.1B
$6.3B
Stockholders' Equity
MRVL
MRVL
UGI
UGI
Q1 26
$14.3B
Q4 25
$14.1B
$5.0B
Q3 25
$13.4B
$4.8B
Q2 25
$13.3B
$4.9B
Q1 25
$13.4B
$5.0B
Q4 24
$13.4B
$4.6B
Q3 24
$14.2B
$4.3B
Q2 24
$14.5B
$4.7B
Total Assets
MRVL
MRVL
UGI
UGI
Q1 26
$22.3B
Q4 25
$21.6B
$15.8B
Q3 25
$20.6B
$15.5B
Q2 25
$20.0B
$15.4B
Q1 25
$20.2B
$15.7B
Q4 24
$19.7B
$15.4B
Q3 24
$20.3B
$15.1B
Q2 24
$20.5B
$15.1B
Debt / Equity
MRVL
MRVL
UGI
UGI
Q1 26
0.31×
Q4 25
0.32×
1.19×
Q3 25
0.33×
1.37×
Q2 25
0.32×
1.17×
Q1 25
0.30×
1.32×
Q4 24
0.31×
1.44×
Q3 24
0.29×
1.48×
Q2 24
0.29×
1.34×

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
UGI
UGI
Operating Cash FlowLast quarter
$373.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRVL
MRVL
UGI
UGI
Q1 26
$373.7M
Q4 25
$582.3M
$66.0M
Q3 25
$461.6M
$90.0M
Q2 25
$332.9M
$289.0M
Q1 25
$514.0M
$684.0M
Q4 24
$536.3M
$164.0M
Q3 24
$306.4M
$151.0M
Q2 24
$324.5M
$390.0M
Free Cash Flow
MRVL
MRVL
UGI
UGI
Q1 26
Q4 25
$508.8M
$-155.0M
Q3 25
$414.1M
$-168.0M
Q2 25
$214.1M
$67.0M
Q1 25
$444.1M
$538.0M
Q4 24
$461.3M
$-47.0M
Q3 24
$258.2M
$-115.0M
Q2 24
$233.0M
$185.0M
FCF Margin
MRVL
MRVL
UGI
UGI
Q1 26
Q4 25
24.5%
-7.5%
Q3 25
20.6%
-14.4%
Q2 25
11.3%
4.9%
Q1 25
24.4%
20.4%
Q4 24
30.4%
-2.4%
Q3 24
20.3%
-9.5%
Q2 24
20.1%
13.7%
Capex Intensity
MRVL
MRVL
UGI
UGI
Q1 26
4.7%
Q4 25
3.5%
10.7%
Q3 25
2.4%
22.1%
Q2 25
6.3%
16.3%
Q1 25
3.8%
5.5%
Q4 24
4.9%
10.6%
Q3 24
3.8%
22.0%
Q2 24
7.9%
15.2%
Cash Conversion
MRVL
MRVL
UGI
UGI
Q1 26
0.94×
Q4 25
0.31×
0.22×
Q3 25
2.37×
Q2 25
1.87×
Q1 25
2.57×
1.43×
Q4 24
0.44×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRVL
MRVL

Data center$1.7B74%
Communications and other$567.4M26%

UGI
UGI

Utilities$880.0M33%
AmeriGas Propane$759.0M28%
UGI International$621.0M23%
Other$425.0M16%

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