MARVELL TECHNOLOGY, INC vs Taiwan Semiconductor Manufacturing Company Limited, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
TSMC keeps 45.3 cents of each revenue dollar as operating profit fabricating the chips; Marvell keeps 14 designing some of them, and the gap is the difference between owning scarce capacity and renting it. The market prices them against that grain, 91.4 times Marvell's earnings against 63.5 times TSMC's, paying more per dollar for the design-win story than for the manufacturing monopoly. Returns on capital side with the foundry emphatically, 17.3% on assets against 2.2%. Both carry light balance sheets. Marvell's premium is a bet its AI custom-silicon pipeline converts to TSMC-class economics; TSMC's price merely extends economics already in hand.
Comparison updated 2026-07-10.
| Metric | MRVL | TSM |
|---|---|---|
| Price | $265.84 | $431.91 |
| Market cap | $237.5B | $2.24T |
| Sector | Semiconductors | Semiconductors |
| Stage | Growth | Growth |
| P/E | 91.3 | 63.5 |
| P/B | 13.04 | 17.16 |
| P/S | 27.24 | 25.15 |
| EV/EBITDA | 171.4 | 53.9 |
| Revenue growth | +36.0% | +22.6% |
| Gross margin | 52.1% | 55.6% |
| Operating margin | 14.0% | 45.3% |
| Net margin | 6.9% | 39.6% |
| Return on equity | 3.3% | 27.1% |
| Return on assets | 2.2% | 17.3% |
| Return on invested capital | 4.7% | 25.4% |
| FCF yield | 0.7% | 1.2% |
| Dividend yield | 0.1% | — |
| Debt / equity | 0.27 | 0.00 |
| Current ratio | 3.28 | 2.36 |
| Altman Z (solvency) | 6.67 | 8.22 |
| 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.