MARVELL TECHNOLOGY, INC vs Micron Technology, Inc., two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Marvell designs custom silicon and sells promises about what AI networking will need; Micron manufactures memory and sells what the shortage prices it at today. The designer keeps 14% of revenue as operating profit mid-transition; the manufacturer keeps 80.4% at cycle peak. The market pays 91.4 times for Marvell's thin earnings and 25.6 times for Micron's enormous ones, valuing the promise at three and a half times the windfall per dollar. Both balance sheets are clean, 0.27 and 0.01 of leverage. Free cash trails at both, 0.7% and 2%, capex eating the boom. The pair prices a single question twice: is this cycle a moment or a regime?
Comparison updated 2026-07-10.
| Metric | MRVL | MU |
|---|---|---|
| Price | $265.84 | $1129.73 |
| Market cap | $237.5B | $1.29T |
| Sector | Semiconductors | Semiconductors |
| Stage | Growth | Growth |
| Implied growth (priced in) | — | +35.4% |
| P/E | 91.3 | 25.6 |
| P/B | 13.04 | 12.84 |
| P/S | 27.24 | 14.33 |
| EV/EBITDA | 171.4 | 18.6 |
| Revenue growth | +36.0% | +161.2% |
| Gross margin | 52.1% | 84.6% |
| Operating margin | 14.0% | 80.4% |
| Net margin | 6.9% | 55.9% |
| Return on equity | 3.3% | 50.1% |
| Return on assets | 2.2% | 37.6% |
| Return on invested capital | 4.7% | 46.2% |
| FCF yield | 0.7% | 2.0% |
| Dividend yield | 0.1% | 0.0% |
| Debt / equity | 0.27 | 0.01 |
| Current ratio | 3.28 | 3.42 |
| Altman Z (solvency) | 6.67 | 8.90 |
| Piotroski F (quality) | 6 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.