Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the five-year period Marvell’s balance sheet shows a dramatic step-up in scale between 2021 and 2022, when total assets nearly doubled from $10.8B to $22.1B (2021 → 2022). That one-time jump was accompanied by a commensurate increase in liabilities (from $2.33B to $6.41B) and a large rise in shareholders’ equity (from $8.44B to $15.70B). After 2022 total assets drifted lower to $20.2B by 2025 (a ~9% decline from 2022 peak), while liabilities were relatively stable in the $6.4–6.9B range and equity gradually declined to $13.43B in 2025. In ratio terms the company has remained conservatively financed: equity comprised roughly 71% of assets in 2022 and still about 66% by 2025, while liabilities/assets rose from ~22% in 2021 to ~34% in 2025. The notable patterns are the one-off expansion in 2022 (consistent with an acquisition or major corporate transaction) followed by modest shrinkage of the asset base and a steady erosion of equity after 2022. In a cyclical, capital‑intensive semiconductor/communications-equipment context this could reflect post‑acquisition amortization, working-capital normalization or softer operating results; nonetheless the balance sheet remains equity‑heavy and leverage moderate, though the rising liabilities-to-assets ratio warrants monitoring for cash‑flow and debt‑servicing implications.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.