MRVL vs. TSM: Marvell Technology vs. TSMC Stock Comparison

September 27, 2026

How do Marvell Technology (MRVL) and TSMC (TSM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Marvell Technology (MRVL) and TSMC (TSM) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.

Marvell Technology (MRVL) trades as ordinary local shares, while TSMC (TSM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Marvell Technology (MRVL) and TSMC (TSM)
Profile Item	MRVL	TSM
Name	Marvell Technology Inc.	Taiwan Semiconductor Manufacturing Company Ltd. ADR
Country/Region	United States	Taiwan
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors	Semiconductors
Market Capitalization	235.40 billion USD	2,337.08 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	June 30, 2000	October 9, 1997
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

MRVL

TSM

GSPC

Marvell Technology (MRVL) vs. TSMC (TSM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Marvell Technology (MRVL) and TSMC (TSM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Marvell Technology (MRVL) and TSMC (TSM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Total Return (1Y)	213.21%	64.60%
Total Return (3Y, Annualized)	71.26%	75.85%
Total Return (5Y, Annualized)	33.21%	33.38%

Risk Profile

Drawdown History

MRVL

TSM

GSPC

Marvell Technology (MRVL) vs. TSMC (TSM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Marvell Technology (MRVL) and TSMC (TSM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Volatility (1Y, Annualized)	79.22%	40.29%
Beta (5Y)	2.29	1.38
Max Drawdown (5Y)	-61.88%	-56.47%
Avg. Volume (3M)	24.11M	12.17M

Risk-Adjusted Performance

Risk-Return Positioning

MRVL and TSM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Sharpe Ratio (1Y)	2.63	1.49
Sortino Ratio (1Y)	4.45	2.29

Profitability

ROE (TTM)

TSMC (TSM) at 39.97% sits in the top ROE quartile, while Marvell Technology (MRVL) at 16.52% is closer to the peer norm — stronger capital efficiency for TSM.

MRVL

Semiconductors & Semiconductor Equipment industry group

16.52%

Max: 53.94%
Q3: 20.35%
MRVL: 16.52%
Median: 9.12%
Q1: -3.10%
Min: -21.32%

TSM

Semiconductors & Semiconductor Equipment industry group

39.97%

Max: 53.94%
TSM: 39.97%
Q3: 20.35%
Median: 9.12%
Q1: -3.10%
Min: -21.32%

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Marvell Technology (MRVL) at 27.94% and TSMC (TSM) at 49.92% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MRVL

Semiconductors & Semiconductor Equipment industry group

27.94%

Max: 55.91%
MRVL: 27.94%
Q3: 23.05%
Median: 9.86%
Q1: 0.00%
Min: -34.50%

TSM

Semiconductors & Semiconductor Equipment industry group

49.92%

Max: 55.91%
TSM: 49.92%
Q3: 23.05%
Median: 9.86%
Q1: 0.00%
Min: -34.50%

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Operating Margin (TTM)

TSMC (TSM) at 60.34% turns sales into operating profit above its industry’s benchmark range, while Marvell Technology (MRVL) at 16.68% operates around its industry’s norm.

MRVL

Semiconductors & Semiconductor Equipment industry group

16.68%

Max: 54.31%
Q3: 23.49%
MRVL: 16.68%
Median: 14.56%
Q1: -0.14%
Min: -31.62%

TSM

Semiconductors & Semiconductor Equipment industry group

60.34%

TSM: 60.34%
Max: 54.31%
Q3: 23.49%
Median: 14.56%
Q1: -0.14%
Min: -31.62%

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
ROE (TTM)	16.52%	39.97%
ROA (TTM)	4.13%	19.00%
Net Margin (TTM)	27.94%	49.92%
Operating Margin (TTM)	16.68%	60.34%
Gross Margin (TTM)	52.22%	64.23%

Growth

Revenue Growth

Both Marvell Technology (MRVL) at 42.09% and TSMC (TSM) at 31.61% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: TSMC (TSM) reports EPS growth of 46.41%, ranked against its industry; Marvell Technology (MRVL) has no EPS growth figure this period.

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Revenue Growth (YoY)	42.09%	31.61%
Revenue Growth (3Y CAGR)	11.45%	18.94%
EPS Growth (YoY)	--	46.41%
EPS Growth (3Y CAGR)	--	19.12%

Financial Strength

Current Ratio (MRQ)

Both Marvell Technology (MRVL) at 3.17 and TSMC (TSM) at 2.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

MRVL

Semiconductors & Semiconductor Equipment industry group

3.17

Max: 9.75
Q3: 5.29
Median: 3.43
MRVL: 3.17
Q1: 2.30
Min: 1.03

TSM

Semiconductors & Semiconductor Equipment industry group

2.46

Max: 9.75
Q3: 5.29
Median: 3.43
TSM: 2.46
Q1: 2.30
Min: 1.03

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Marvell Technology (MRVL) at 0.29 and TSMC (TSM) at 0.17 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

MRVL

Semiconductors & Semiconductor Equipment industry group

0.29

Max: 1.44
Q3: 0.65
MRVL: 0.29
Median: 0.18
Q1: 0.04
Min: 0.00

TSM

Semiconductors & Semiconductor Equipment industry group

0.17

Max: 1.44
Q3: 0.65
Median: 0.18
TSM: 0.17
Q1: 0.04
Min: 0.00

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Current Ratio (MRQ)	3.17	2.46
Debt / Equity (MRQ)	0.29	0.17
Net Debt / EBITDA	0.47	-0.77

Dividends

Dividend Yield (TTM)

Marvell Technology (MRVL) at 0.09% pays an industry-typical yield; TSMC (TSM) at 5.76% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

MRVL

Semiconductors & Semiconductor Equipment industry group

0.09%

Max: 0.74%
Q3: 0.35%
MRVL: 0.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

5.76%

TSM: 5.76%
Max: 0.74%
Q3: 0.35%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Marvell Technology (MRVL) at 7.95% pays out a band-typical share of earnings, while TSMC (TSM) at 25.74% distributes more than its industry norm — less retained, thinner cover.

MRVL

Semiconductors & Semiconductor Equipment industry group

7.95%

Max: 45.89%
Q3: 18.55%
MRVL: 7.95%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TSM

Semiconductors & Semiconductor Equipment industry group

25.74%

Max: 45.89%
TSM: 25.74%
Q3: 18.55%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
Dividend Yield (TTM)	0.09%	5.76%
Dividend Payout Ratio (TTM)	7.95%	25.74%

Valuation

P/E Ratio (TTM)

Both Marvell Technology (MRVL) at 86.45 and TSMC (TSM) at 33.40 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

MRVL

Semiconductors & Semiconductor Equipment industry group

86.45

Max: 161.70
Q3: 91.46
MRVL: 86.45
Median: 48.02
Q1: 33.40
Min: 10.82

TSM

Semiconductors & Semiconductor Equipment industry group

33.40

Max: 161.70
Q3: 91.46
Median: 48.02
TSM: 33.40
Q1: 33.40
Min: 10.82

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/S Ratio (TTM)

TSMC (TSM) at 0.53 looks cheap on sales in the lower P/S ratio quartile, while Marvell Technology (MRVL) at 24.91 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

MRVL

Semiconductors & Semiconductor Equipment industry group

24.91

Max: 27.93
MRVL: 24.91
Q3: 17.42
Median: 8.01
Q1: 3.32
Min: 0.01

TSM

Semiconductors & Semiconductor Equipment industry group

0.53

Max: 27.93
Q3: 17.42
Median: 8.01
Q1: 3.32
TSM: 0.53
Min: 0.01

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

P/B Ratio (MRQ)

Marvell Technology (MRVL) at 12.59 sits near its industry’s typical P/B ratio, while TSMC (TSM) at 92.17 prices above its benchmark range — TSM looks rich relative to book.

MRVL

Semiconductors & Semiconductor Equipment industry group

12.59

Max: 29.61
Q3: 14.11
MRVL: 12.59
Median: 5.82
Q1: 3.16
Min: 0.18

TSM

Semiconductors & Semiconductor Equipment industry group

92.17

TSM: 92.17
Max: 29.61
Q3: 14.11
Median: 5.82
Q1: 3.16
Min: 0.18

Marvell Technology (MRVL) vs. TSMC (TSM): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Marvell Technology (MRVL) and TSMC (TSM)
Metric	MRVL	TSM
P/E Ratio (TTM)	86.45	33.40
P/S Ratio (TTM)	24.91	0.53
P/B Ratio (MRQ)	12.59	92.17
Free Cash Flow Yield (TTM)	1.02%	31.27%