Stock Analysis on Net
Stock Analysis on Net

Marvell Technology Inc. (NASDAQ:MRVL)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Marvell Technology Inc., ROA, 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 analysis of the Return on Assets (ROA) reveals a period of high volatility characterized by cyclical peaks and significant troughs, closely tied to fluctuations in net income and a substantial expansion of the asset base.

Early Performance and Volatility (2005–2015)
Between 2005 and 2011, the asset base grew steadily from approximately 2.79 billion to 6.34 billion. During this window, ROA exhibited significant swings, reaching a peak of 14.26% in 2011. However, this period was marked by inconsistency, including brief dips into negative territory in 2007 and 2008. A severe contraction occurred in 2016, where ROA plummeted to -14.91% following a net loss of 811.4 million, representing the lowest efficiency point in the observed period.
Asset Base Expansion and Integration Challenges (2017–2023)
A transformative shift in the balance sheet is observed starting in 2018, with total assets increasing from 4.71 billion in 2017 to over 22 billion by 2022. This rapid expansion of the asset base did not yield immediate proportional gains in profitability. Consequently, the ROA experienced a prolonged period of stagnation and decline, remaining negative for most of the period between 2020 and 2024. This suggests a phase where capital expenditures or acquisitions grew significantly faster than the resulting net income, leading to diminished asset productivity.
Recent Recovery and Efficiency Gains (2024–2026)
A sharp reversal in performance is evident in the most recent data. After several years of negative returns, the ROA rebounded to 11.98% by January 2026. This recovery is driven by a substantial increase in net income to 2.67 billion, while the asset base remained relatively stable at approximately 22.29 billion. This trend indicates that the company has successfully leveraged its expanded asset base to restore high levels of operational efficiency and profitability.

Comparison to Competitors

Marvell Technology Inc., ROA, 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., ROA, 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)