Analog Devices vs Marvell Technology
Analog Devices is the larger business, with $11.02bn of revenue in fiscal 2025 against $8.19bn for Marvell Technology (1.3 times as much). Marvell Technology grew faster (42.1% against 16.9%). Marvell Technology kept more of each dollar of sales as profit: a net margin of 32.6% against 20.6%. Analog Devices carries less debt relative to equity (25.4% against 31.2%).
| Latest fiscal year | Analog DevicesADI, 2025 | Marvell TechnologyMRVL, 2026 |
|---|---|---|
| Revenue | $11.02bn | $8.19bn |
| Revenue growth | 16.9% | 42.1% |
| Net income | $2.27bn | $2.67bn |
| Operating margin | 26.6% | 16.1% |
| Net margin | 20.6% | 32.6% |
| Return on equity | 6.6% | 19.3% |
| Free cash flow | $4.28bn | $1.40bn |
| Cash | $2.50bn | $2.64bn |
| Total debt | $8.59bn | $4.47bn |
| Debt to equity | 25.4% | 31.2% |
| Dividend per share | $3.89 | $0.24 |
| Dividend yield | 1.0% | 0.1% |
| Share buybacks | $2.16bn | $2.04bn |
| Employees | 24,500 | 7,480 |
| Market value | $204.33bn | $144.67bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 85 (Strong) | 55 (Moderate) |
| Insider trades, 12 months | 0 buys, 207 sales | 0 buys, 30 sales |