Marvell Technology, Inc.

MRVLNASDAQTechnology● Active

$300.59

+$37.12(+14.09%)

Market Cap$263.0B

P/E Ratio—

52W High$324.2

52W Low$61.44

Avg Volume30.7M

Open$288.69

Beta2.28

Free Cash Flow Financials Revenue

Marvell Technology, Inc. (MRVL) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MRVL · free cash flow · updated Jun 8, 2026

Core FCF metrics

MRVL · FCF · TTM · margin & CAGR

Free cash flow was $1.40B for FY2026 (fiscal year ending 2026-01-31), up 0.5% year-over-year The FCF margin was 17.0%. Five-year CAGR stands at +14.9%.

FY2026 Free Cash Flow$1.40B▲ +0.5% YoY

Trailing 12M (TTM)$1.66Btrailing 4 quarters sum

FCF Margin17.0%$1.40B ÷ revenue

3-Year CAGR+9.2%FY2023 → FY2026

5-Year CAGR+14.9%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MRVL · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$1.75B(354M)$1.40B▲ +0.5%17.0%

FY2025$1.68B(292M)$1.39B▲ +36.2%24.1%

FY2024$1.37B(350M)$1.02B▼ 4.8%18.5%

FY2023$1.29B(217M)$1.07B▲ +69.4%18.1%

FY2022$819.3M(187M)$632.4M▼ 9.4%14.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MRVL · P/FCF · FCF yield · FCF per share

Marvell Technology, Inc. (MRVL) trades at a FCF yield of 0.64% and a price-to-free-cash-flow ratio of 155.7x. FCF per share stands at $1.93, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.64%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.93

TTM FCF ÷ Shares Outstanding

Price / FCF

x155.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x158.2

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

MRVL · cash flow statement · operating / investing / financing

For FY2026, Marvell Technology, Inc. generated $1.75B in operating cash flow and spent 354M in capital expenditures, yielding $1.40B in free cash flow.

Operating Activities

+$1.75B

Cash from core business operations

2026-01-31

Investing Activities

+$2.10B

CapEx, acquisitions & investments

2026-01-31

Financing Activities

−$2.16B

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($1.75B) − |CapEx| (354M) = FCF ($1.40B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MRVL vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Marvell Technology, Inc.YOU

MRVL

$1.40B+0.5%17.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Marvell Technology, Inc. (MRVL) reported free cash flow of $1.40B for FY2026 (fiscal year ending 2026-01-31), up 0.5% year-over-year. The FCF margin was 17.0%.

Based on available data, Marvell Technology, Inc. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $1.40B in FY2026. The 5-year CAGR stands at +14.9%.

Marvell Technology, Inc.'s FCF yield is 0.64% and price-to-FCF ratio is 155.7x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MRVL free cash flow · 8 questions

Marvell Technology, Inc. free cash flow was $1.40B for FY2026, up 0.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.66B.

MRVL free cash flowMRVL FCFMRVL FCF 2026MRVL free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Marvell Technology, Inc. · Marvell Technology, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026