Marvell Technology vs STMicroelectronics
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KIRA’s take AI analyst
I put Marvell Technology and STMicroelectronics side by side, using each one’s latest annual report. Here is what stands out:
- STMicroelectronics is the larger business, with $11.8B of revenue in fiscal 2025 against $8.2B for Marvell Technology.
- Marvell Technology grew revenue faster (42.1%, against −11.1%).
- Marvell Technology kept more of each dollar of sales as operating profit (16.1% operating margin, against 1.5%).
- Marvell Technology earned a higher return on the capital invested in it (7.0%, against 0.5%).
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Marvell Technology
MRVL
7/10
Revenue growth5-year growthGross marginOperating marginNet marginReturn on capitalReturn on equity
STMicroelectronics
STM
2/10
Net debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | MRVL FY26 | STM FY25 |
|---|---|---|
| Size | ||
| Market cap | $215.4B | $41.7B |
| Revenue | $8.2B | $11.8B |
| Free cash flow | $1.4B | — |
| Net income | $2.7B | $166M |
| Growth | ||
| Revenue growth | 42.1% | −11.1% |
| 5-year growth | 22.5% | 2.9% |
| Share count change | 0.5% | −1.7% |
| Profitability | ||
| Gross margin | 51.0% | 33.9% |
| Operating margin | 16.1% | 1.5% |
| Net margin | 32.6% | 1.4% |
| FCF margin | 17.0% | — |
| Return on capital | 7.0% | 0.5% |
| Return on equity | 19.3% | 0.9% |
| Balance sheet | ||
| Net debt | $2.3B | −$1.6B |
| Net debt / EBITDA | 0.9x | −0.8x |
| Dividends and buybacks | $2.2B | $688M |
| Valuation & quality | ||
| P/E | 77.2x | — |
| Piotroski F-score | 6 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

