MRVL vs MU: Marvell Technology Group and Micron Technology compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Micron Technology is the larger company, worth $1.06T, about 4.1 times Marvell Technology Group.
- Micron Technology grew revenue faster over the last year (+379.3% vs +36.5%).
- Micron Technology keeps more of each dollar of revenue as operating profit (74.6% vs 16.5%).
- On earnings, Micron Technology is the cheaper stock (44.3x vs 96.1x).
- Marvell Technology Group's price assumes faster free cash flow growth: about 35% a year, against 4% for Micron Technology (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | MRVL | MU |
|---|---|---|
| Market cap | $258.3B | $1.06T |
| Share price | $275.28 | $1,029.00 |
| Revenue (last fiscal year) | $8.2B | $133.2B |
| Free cash flow (last fiscal year) | $1.4B | $59.0B |
| Revenue growth, last year | +36.5% | +379.3% |
| Revenue growth per year, last 5 fiscal years | +16.4% | +44.3% |
| Operating margin | 16.5% | 74.6% |
| Net margin | 27.9% | 63.8% |
| Return on equity | 14.2% | 61.4% |
| P/E (trailing) | 96.1x | 44.3x |
| Price / free cash flow | 185.0x | 633.7x |
| EV / EBITDA | 36.5x | 9.29x |
| FCF growth the price implies | 35.0% | 3.6% |
| Dividend yield | 0.08% | 0.05% |
| Debt / equity | 0.49x | 0.42x |
| Fundamental grade | B | A |
| Superinvestors holding it | 7 | 15 |
| Insider purchases, last 12 months | 3 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Marvell Technology Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $4.5B | $650M | -7.8% |
| 2023 | $5.9B | $1.1B | 4.0% |
| 2024 | $5.5B | $1.0B | -10.3% |
| 2025 | $5.8B | $1.4B | -12.5% |
| 2026 | $8.2B | $1.4B | 16.1% |
Micron Technology
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $30.8B | $3.1B | 31.5% |
| 2023 | $15.5B | -$6.1B | -37.0% |
| 2024 | $25.1B | $121M | 5.2% |
| 2025 | $37.4B | $1.7B | 26.1% |
| 2026 | $133.2B | $59.0B | 74.6% |
Where the revenue comes from
Marvell Technology Group · by products, 2026
Data center$6.1B74%
Communications and other$2.1B26%
Micron Technology · by segments, 2025
CMBU$13.5B36%
MCBU$11.9B32%
CDBU$7.2B19%
AEBU$4.8B13%
All other$13M0%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open MRVL in InvestinglyQuestions
Which is bigger, Marvell Technology Group or Micron Technology?
Micron Technology (MU), at $1.06T against $258.3B.
Is MRVL or MU cheaper?
By trailing P/E, Micron Technology (44.3x) is cheaper than Marvell Technology Group (96.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, MRVL or MU?
Micron Technology: revenue grew +379.3% over the last year, against +36.5%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.