Stock Analysis on Net
Stock Analysis on Net

Marvell Technology Inc. (NASDAQ:MRVL)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Marvell Technology Inc., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$ in thousands


The financial trajectory from 2005 to 2026 reveals a significant divergence between revenue growth and bottom-line profitability. While net revenue has exhibited a long-term upward trend, expanding from approximately 1.22 billion USD in 2005 to a projected 8.19 billion USD by 2026, the net profit margin has been characterized by extreme volatility and recurring periods of instability.

Early Growth and Stability (2005–2015)
During the initial decade, the net profit margin generally remained positive, reaching a peak of 25.03% in 2011. This period was marked by a relatively stable relationship between revenue increases and net income, although a brief dip into negative territory occurred between 2007 and 2008, coinciding with a period of revenue expansion.
Period of High Volatility (2016–2020)
A phase of significant margin instability began in 2016, where the net profit margin dropped to a low of -29.77%. This was followed by a rapid recovery to 21.62% in 2018 and an anomalous spike to 58.70% in 2020. The 2020 figure represents a substantial outlier, as the net income of 1.58 billion USD far exceeded the historical norms relative to the 2.70 billion USD in revenue recorded for that year.
Recent Contraction and Projected Recovery (2021–2026)
From 2021 through 2024, the company experienced a sustained period of negative profitability. Despite net revenues scaling from 2.97 billion USD to 5.51 billion USD, the net profit margin remained negative, reaching a low of -16.95% in 2023. This suggests that operational expenses or non-operating losses significantly outpaced revenue growth during this interval. However, the outlook for 2026 indicates a sharp reversal, with a projected net profit margin of 32.58% driven by a substantial increase in net income to 2.67 billion USD on revenues of 8.19 billion USD.

Overall, the data indicates a business model capable of scaling revenue but susceptible to wide swings in profitability. The recurring transitions between high double-digit margins and significant losses suggest a high sensitivity to external market conditions or internal structural adjustments.


Comparison to Competitors

Marvell Technology Inc., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Marvell Technology Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-01-27), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Information Technology)