Marvell Technology vs NXP Semiconductors
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KIRA’s take AI analyst
I put Marvell Technology and NXP Semiconductors side by side, using each one’s latest annual report. Here is what stands out:
- NXP Semiconductors is the larger business, with $12.3B of revenue in fiscal 2025 against $8.2B for Marvell Technology.
- Marvell Technology grew revenue faster (42.1%, against −2.7%).
- NXP Semiconductors kept more of each dollar of sales as operating profit (24.8% operating margin, against 16.1%).
- NXP Semiconductors turned more of its sales into free cash flow (19.8% FCF margin, against 17.0%).
- NXP Semiconductors earned a higher return on the capital invested in it (12.6%, against 7.0%).
- Investors pay more for each dollar of Marvell Technology’s earnings: a P/E of 77.2x against 23.5x for NXP Semiconductors.
Who comes out ahead
Of the 11 measures where higher (or lower) is clearly better, how many each company leads.
Marvell Technology
MRVL
5/11
Revenue growth5-year growthNet marginPiotroski F-scoreNet debt / EBITDA
NXP Semiconductors
NXPI
6/11
Gross marginOperating marginFCF marginReturn on capitalReturn on equityShare count change
Side by side
Best in the row
| Latest fiscal year | MRVL FY26 | NXPI FY25 |
|---|---|---|
| Size | ||
| Market cap | $215.4B | $62.3B |
| Revenue | $8.2B | $12.3B |
| Free cash flow | $1.4B | $2.4B |
| Net income | $2.7B | $2.0B |
| Growth | ||
| Revenue growth | 42.1% | −2.7% |
| 5-year growth | 22.5% | 7.3% |
| Share count change | 0.5% | −1.4% |
| Profitability | ||
| Gross margin | 51.0% | 54.7% |
| Operating margin | 16.1% | 24.8% |
| Net margin | 32.6% | 16.5% |
| FCF margin | 17.0% | 19.8% |
| Return on capital | 7.0% | 12.6% |
| Return on equity | 19.3% | 21.0% |
| Balance sheet | ||
| Net debt | $2.3B | $9.8B |
| Net debt / EBITDA | 0.9x | 2.5x |
| Dividends and buybacks | $2.2B | $1.9B |
| Valuation & quality | ||
| P/E | 77.2x | 23.5x |
| Piotroski F-score | 6 | 4 |
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.

