Return on Equity (ROE)
since 2005
Calculation
Marvell Technology Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 18.66% | = | 100 | × | 2,670,100) | ÷ | 14,308,400) |
| Feb 1, 2025 | -6.59% | = | 100 | × | (885,000) | ÷ | 13,427,000) |
| Feb 3, 2024 | -6.29% | = | 100 | × | (933,400) | ÷ | 14,831,400) |
| Jan 28, 2023 | -1.05% | = | 100 | × | (163,500) | ÷ | 15,637,200) |
| Jan 29, 2022 | -2.68% | = | 100 | × | (421,034) | ÷ | 15,702,097) |
| Jan 30, 2021 | -3.29% | = | 100 | × | (277,298) | ÷ | 8,435,804) |
| Feb 1, 2020 | 18.26% | = | 100 | × | 1,584,391) | ÷ | 8,678,580) |
| Feb 2, 2019 | -2.45% | = | 100 | × | (179,094) | ÷ | 7,306,410) |
| Feb 3, 2018 | 12.58% | = | 100 | × | 520,831) | ÷ | 4,141,413) |
| Jan 28, 2017 | 0.53% | = | 100 | × | 21,151) | ÷ | 4,027,651) |
| Jan 30, 2016 | -19.60% | = | 100 | × | (811,400) | ÷ | 4,140,123) |
| Jan 31, 2015 | 8.46% | = | 100 | × | 435,346) | ÷ | 5,146,089) |
| Feb 1, 2014 | 6.74% | = | 100 | × | 315,320) | ÷ | 4,675,910) |
| Feb 2, 2013 | 6.84% | = | 100 | × | 306,585) | ÷ | 4,484,595) |
| Jan 28, 2012 | 12.27% | = | 100 | × | 615,091) | ÷ | 5,014,018) |
| Jan 29, 2011 | 16.37% | = | 100 | × | 904,129) | ÷ | 5,521,869) |
| Jan 30, 2010 | 8.00% | = | 100 | × | 353,456) | ÷ | 4,417,979) |
| Jan 31, 2009 | 3.85% | = | 100 | × | 147,242) | ÷ | 3,829,067) |
| Feb 2, 2008 | -3.35% | = | 100 | × | (114,427) | ÷ | 3,411,519) |
| Jan 27, 2007 | -0.37% | = | 100 | × | (12,095) | ÷ | 3,227,184) |
| Jan 28, 2006 | 10.88% | = | 100 | × | 331,363) | ÷ | 3,046,097) |
| Jan 29, 2005 | 5.67% | = | 100 | × | 141,661) | ÷ | 2,497,430) |
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 Return on Equity (ROE) exhibits significant volatility over the analyzed period, characterized by cyclical swings between profitability and net losses. While stockholders' equity has expanded substantially from approximately 2.5 billion USD in 2005 to over 14 billion USD by 2026, the consistency of returns has fluctuated, reflecting a period of high financial instability interspersed with peaks of strong performance.
- Early Performance and Stability (2005–2012)
- During this interval, ROE remained largely positive, peaking at 16.37% in 2011. Despite brief periods of negative returns in 2007 and 2008, the period was generally defined by a growing equity base and a capacity to generate consistent net income, with ROE stabilizing in the 6% to 12% range toward the end of this phase.
- Mid-Term Volatility and Extreme Fluctuations (2013–2020)
- This phase is marked by extreme variance in profitability. A significant contraction occurred in 2016, where ROE dropped to -19.60% due to a substantial net loss of over 811 million USD. This was followed by a recovery to 12.58% in 2018 and a peak of 18.26% in 2020, indicating a pattern of sharp corrections and rapid rebounds.
- Recent Contraction and Projected Recovery (2021–2026)
- A sustained downward trend in profitability is observed between 2021 and 2024, with ROE remaining negative and bottoming at -6.59% in 2023 and 2024. This decline coincided with a period where stockholders' equity reached its historical peak of 15.7 billion USD in 2022. However, the projection for 2026 indicates a sharp reversal, with ROE expected to rise to 18.66%, driven by a significant projected increase in net income to 2.67 billion USD.
- Equity Base Expansion Influence
- Stockholders' equity has grown more than fivefold over the total period. The increase in the equity denominator suggests that the company requires substantially higher absolute net income levels in the later years to achieve the same ROE percentages seen in the early 2000s. The disparity between the expanding equity base and the erratic net income results has contributed to the observed instability in ROE percentages.
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Comparison to Competitors
Marvell Technology Inc., ROE, long-term trends, comparison to competitors
| Marvell Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 31, 2026 | 18.66% | — | — | — | — | — | 76.08% | 58.26% | — | 76.33% | — | — |
| Feb 1, 2025 | -6.59% | 6.88% | 6.70% | 34.28% | 28.45% | -0.23% | 86.56% | 54.33% | 15.76% | 91.87% | 26.13% | 30.73% |
| Feb 3, 2024 | -6.29% | 2.85% | 4.65% | 37.77% | 8.71% | -18.89% | 82.00% | 44.82% | 1.72% | 69.24% | 38.60% | 28.39% |
| Jan 28, 2023 | -1.05% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | 54.94% | -13.22% | 19.76% | 33.51% | 38.53% |
| Jan 29, 2022 | -2.68% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 73.35% | 17.41% | 36.65% | 71.81% | 60.02% |
| Jan 30, 2021 | -3.29% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 64.85% | 13.34% | 25.64% | 90.88% | 58.27% |
| Feb 1, 2020 | 18.26% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 43.53% | 6.89% | 22.91% | 85.54% | 60.90% |
| Feb 2, 2019 | -2.45% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 46.89% | 17.59% | 44.33% | 89.35% | 56.33% |
| Feb 3, 2018 | 12.58% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 36.62% | 43.77% | 40.78% | -524.14% | 62.04% |
| Jan 28, 2017 | 0.53% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 24.90% | 27.33% | 28.91% | 8.02% | 35.62% |
| Jan 30, 2016 | -19.60% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | 15.51% | -2.28% | 13.74% | 17.95% | 34.33% |
| Jan 31, 2015 | 8.46% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 12.85% | 23.57% | 14.27% | 16.78% | 30.02% |
| Feb 1, 2014 | 6.74% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 12.57% | 28.27% | 9.87% | 20.34% | 27.15% |
| Feb 2, 2013 | 6.84% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 2.54% | 13.02% | 11.65% | 18.99% | 20.01% |
| Jan 28, 2012 | 12.27% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | 3.29% | -13.40% | 14.02% | 18.22% | 16.05% |
| Jan 29, 2011 | 16.37% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 29.30% | 1.97% | 7.96% | 15.81% | 20.42% |
| Jan 30, 2010 | 8.00% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 19.61% | 23.07% | -2.55% | 15.57% | 30.93% |
| Jan 31, 2009 | 3.85% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -20.79% | -39.43% | -1.25% | 7.84% | 15.12% |
| Feb 2, 2008 | -3.35% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | 24.70% | -26.21% | 30.47% | 17.61% | 20.59% |
| Jan 27, 2007 | -0.37% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | 58.30% | -4.13% | 22.36% | 20.86% | 26.64% |
| Jan 28, 2006 | 10.88% | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 24.05% | 5.03% | 20.76% | 18.42% | 38.21% |
| Jan 29, 2005 | 5.67% | 4.94% | 11.24% | 13.55% | — | 23.95% | 15.33% | 28.06% | 3.22% | 8.52% | 19.27% | 19.47% |
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., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Marvell Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 31, 2026 | 18.66% | — |
| Feb 1, 2025 | -6.59% | 26.76% |
| Feb 3, 2024 | -6.29% | 11.16% |
| Jan 28, 2023 | -1.05% | 12.69% |
| Jan 29, 2022 | -2.68% | 21.59% |
| Jan 30, 2021 | -3.29% | 24.91% |
| Feb 1, 2020 | 18.26% | 24.28% |
| Feb 2, 2019 | -2.45% | 25.76% |
| Feb 3, 2018 | 12.58% | 32.95% |
| Jan 28, 2017 | 0.53% | 16.60% |
| Jan 30, 2016 | -19.60% | 12.61% |
| Jan 31, 2015 | 8.46% | 18.69% |
| Feb 1, 2014 | 6.74% | 19.37% |
| Feb 2, 2013 | 6.84% | 15.49% |
| Jan 28, 2012 | 12.27% | 14.85% |
| Jan 29, 2011 | 16.37% | 21.32% |
| Jan 30, 2010 | 8.00% | 20.49% |
| Jan 31, 2009 | 3.85% | 5.22% |
| Feb 2, 2008 | -3.35% | 9.53% |
| Jan 27, 2007 | -0.37% | 13.17% |
| Jan 28, 2006 | 10.88% | 16.33% |
| Jan 29, 2005 | 5.67% | 18.14% |
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)
Marvell Technology Inc., ROE, long-term trends, comparison to industry (information technology)
| Marvell Technology Inc. | Information Technology | |
|---|---|---|
| Jan 31, 2026 | 18.66% | — |
| Feb 1, 2025 | -6.59% | 34.38% |
| Feb 3, 2024 | -6.29% | 28.82% |
| Jan 28, 2023 | -1.05% | 31.26% |
| Jan 29, 2022 | -2.68% | 38.03% |
| Jan 30, 2021 | -3.29% | 41.64% |
| Feb 1, 2020 | 18.26% | 35.38% |
| Feb 2, 2019 | -2.45% | 35.94% |
| Feb 3, 2018 | 12.58% | 30.23% |
| Jan 28, 2017 | 0.53% | 23.19% |
| Jan 30, 2016 | -19.60% | 23.00% |
| Jan 31, 2015 | 8.46% | 25.97% |
| Feb 1, 2014 | 6.74% | 25.43% |
| Feb 2, 2013 | 6.84% | 24.73% |
| Jan 28, 2012 | 12.27% | 26.09% |
| Jan 29, 2011 | 16.37% | 29.03% |
| Jan 30, 2010 | 8.00% | 27.62% |
| Jan 31, 2009 | 3.85% | 20.05% |
| Feb 2, 2008 | -3.35% | 25.24% |
| Jan 27, 2007 | -0.37% | 23.67% |
| Jan 28, 2006 | 10.88% | 22.58% |
| Jan 29, 2005 | 5.67% | 21.92% |
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).