ARM vs HIMX vs MRVL Stock Comparison

Arm Holdings, Himax Technologies and Marvell Technology Prices as of Oct 28, 2026 Peers: Industry group
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ARM Arm Holdings Plc /Uk
$235.90 -16.7% 1M +36.3% 1Y
Market cap
$250.29B
P/E
239.7x
Revenue (TTM)
$5.16B
Div. yield
–
Semiconductor Design Technology
2 wins
HIMX Himax Technologies, Inc.
$12.01 -14.0% 1M +27.4% 1Y
Market cap
$2.09B
P/E
59.4x
Revenue (TTM)
-$9.00M
Div. yield
2.08%
Semiconductor Design Technology
5 wins
MRVL Marvell Technology, Inc.
$251.65 -0.1% 1M +184.5% 1Y
Market cap
$220.67B
P/E
85.5x
Revenue (TTM)
$9.45B
Div. yield
0.10%
Semiconductor Design Technology
5 wins

Head to Head

12 decided of 12

Himax Technologies leads on 5 of the 12 questions below (Himax Technologies 5, Marvell Technology 5, Arm Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARMHIMXMRVLLeader
Larger companyMarket capitalisation $250.29B $2.09B $220.67B ARM
Cheaper on earningsLower P/E, profitable companies only 239.7x 59.4x 85.5x HIMX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 114.0x 29.3x 61.1x HIMX
Faster revenue growthRevenue growth, trailing twelve months +25.1% +4.2% +30.6% MRVL
More profitableNet margin, trailing twelve months 20.2% — 27.9% MRVL
Better return on capitalReturn on invested capital — 3.6% 5.8% MRVL
Less leveragedLower net debt / EBITDA — -5.1x 0.4x HIMX
Higher dividend yieldTrailing dividend yield — 2.08% 0.10% HIMX
Better 1-year returnPrice return, last 12 months +36.3% +27.4% +184.5% MRVL
Better 5-year returnAnnualised price return, 5 years — +2.6%/yr +29.7%/yr MRVL
Less volatileAnnualised volatility, 1 year 78.9% 76.3% 79.1% HIMX
Higher overall scoreMean of the five percentile scores vs peers 62/100 52/100 50/100 ARM

Percentile Scorecard

ARMHIMXMRVL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARMHIMXMRVL
Valuation 8 #87 of 94 75 #24 of 94 27 #69 of 94
Growth 88 #12 of 92 8 #85 of 92 90 #10 of 92
Profitability 78 #21 of 90 34 #60 of 90 62 #35 of 90
Financial Health 77 #24 of 99 72 #28 of 99 47 #53 of 99
Shareholder Returns – 72 #21 of 73 25 #55 of 73
Overall 62 52 50
  • ARM ranked among 103 companies in Semiconductors
  • HIMX ranked among 103 companies in Semiconductors
  • MRVL ranked among 103 companies in Semiconductors

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARMHIMXMRVLSPY
1 month -16.7%-14.0%-0.1% +0.9%
3 months +4.9%+3.2%+54.0% +5.9%
6 months +17.0%+4.9%+60.7% +8.5%
Year to date +115.8%+46.6%+196.1% +13.3%
1 year +36.3%+27.4%+184.5% +12.4%
3 years +380.5%+126.6%+432.5% +88.1%
3 years, per year +68.8%+31.4%+74.7% +23.5%
5 years —+13.7%+267.4% +68.2%
5 years, per year —+2.6%+29.7% +11.0%
10 years —+49.8%+1,821.0% +263.4%
10 years, per year —+4.1%+34.4% +13.8%

Risk

MeasureARMHIMXMRVLSPY
Volatility, 1Y 78.9%76.3%79.1% 12.7%
Downside volatility, 1Y 71.4%74.7%75.3% 12.7%
Beta vs S&P 500, 1Y 3.482.843.24 1.00
Return / volatility, 1Y 0.460.362.33 0.98
Max drawdown, 5Y -54.0%-69.8%-62.1% -25.4%
From 52-week high -46.3%-50.4%-20.5% -0.9%
52-week high $439.46$24.19$316.43 $779.14
52-week low $104.55$6.93$73.73 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARMHIMXMRVL
P/E now vs peer median 239.7xmedian 46.0x 59.4xmedian 46.0x 85.5xmedian 46.0x
P/S now vs peer median 48.5xmedian 7.9x -232.9xmedian 7.9x 23.4xmedian 7.9x
EV/EBITDA now vs peer median 212.8xmedian 28.3x 27.2xmedian 28.3x 78.5xmedian 28.3x
P/FCF now vs peer median 124.4xmedian 41.4x 33.5xmedian 41.4x 127.5xmedian 41.4x
P/B now vs peer median 29.0xmedian 4.6x 2.3xmedian 4.6x 11.9xmedian 4.6x
PEG now vs peer median 6.76median 2.30 -3.14median 2.30 0.82median 2.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARMHIMXMRVL
Revenue $5.16B -$9.00M $9.45B
Gross profit $5.03B – $4.93B
Operating income $877.00M $40.93M $1.56B
Net income $1.04B $36.88M $2.64B
Free cash flow $2.01B $62.57M $1.73B
R&D $2.96B $164.70M $2.44B
EPS (diluted) $0.98 $0.20 $2.87
Cash & equivalents $3.06B $271.30M $3.93B
Total debt – $112.13M $4.96B
Shares (diluted) 1.07B 174.59M 921.20M
Enterprise value $236.00B $796.53M $207.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARMHIMXMRVL
P/E 239.7x 59.4x 85.5x
P/FCF 124.4x 33.5x 127.5x
P/Operating cash flow 119.5x 46.5x 100.3x
P/S 48.5x -232.9x 23.4x
P/B 29.0x 2.3x 11.9x
P/Tangible book 29.8x 2.3x 13.6x
EV/EBITDA 212.8x 27.2x 78.5x
EV/EBIT 281.0x 43.1x 142.0x
EV/Revenue 47.8x -196.0x 23.5x
EV/FCF 122.5x 28.2x 128.1x
EV/Operating cash flow 117.7x 39.1x 100.8x
PEG (3Y EPS CAGR) 6.76 -3.14 0.82

Growth

14 metrics
MetricARMHIMXMRVL
Revenue growth (1Y) 25.1% 4.2% 30.6%
Revenue CAGR (3Y) 24.7% -26.4% 18.9%
Gross profit growth (1Y) 25.6% – 52.8%
Gross profit CAGR (3Y) 25.4% – 25.0%
Operating income growth (1Y) 14.9% -38.8% 1,577%
Operating income CAGR (3Y) 21.6% -4.4% 100.2%
Net income growth (1Y) 49.4% -50.8% 2,653%
Net income CAGR (3Y) 37.2% -17.4% 107.8%
EPS growth (1Y) 48.7% -52.3% 2,512%
EPS CAGR (3Y) 35.5% -18.9% 104.2%
Operating cash flow growth (1Y) 105.5% -69.7% 19.3%
Operating cash flow CAGR (3Y) 34.7% -13.6% 26.6%
Free cash flow growth (1Y) 121.8% -61.9% 12.8%
Free cash flow CAGR (3Y) 33.3% -8.3% 30.6%

Profitability

14 metrics
MetricARMHIMXMRVL
Gross margin 97.5% – 52.2%
EBITDA margin 22.5% – 29.9%
Operating margin 17.0% – 16.5%
Pretax margin 24.5% – 32.4%
Net margin 20.2% – 27.9%
FCF margin 39.0% – 18.3%
Operating cash flow margin 40.6% -500.8% 23.3%
Return on equity 16.3% 4.0% 14.4%
Return on assets 12.6% 2.1% 9.7%
Return on invested capital – 3.6% 5.8%
Return on capital employed 9.0% 2.4% 6.3%
Asset turnover 0.5x 0.0x 0.3x
Cash conversion (OCF / net income) 2.0x 1.2x 0.8x
Stock comp / revenue 22.4% -7.0% 8.8%

Financial Health

11 metrics
MetricARMHIMXMRVL
Debt / assets – 1.4% 18.0%
Debt / equity – 0.0x 0.3x
Net debt / EBITDA – -5.1x 0.4x
Debt / FCF – 0.4x 2.9x
Liabilities / assets 22.9% 48.7% 32.7%
Equity / assets 77.1% 51.3% 67.3%
Interest coverage – 12.3x 7.2x
Current ratio 5.3x 16.7x 3.2x
Quick ratio 4.9x 20.0x 2.5x
Cash ratio 3.2x 12.3x 1.6x
Altman Z-score 60.38 2.32 15.52

Shareholder Returns

7 metrics
MetricARMHIMXMRVL
Dividend yield – 2.1% 0.1%
Net buyback yield – -0.2% -0.1%
Shareholder yield – 1.8% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARMHIMXMRVL
Forward P/E 114.0xFY2026 29.3xFY2026 61.1xFY2026
EPS, next fiscal year $2.07FY2026 $0.41FY2026 $4.12FY2026
EPS growth, next FY +16.9%FY2026 +64.0%FY2026 +45.1%FY2026
EPS growth, the year after +49.8% +163.4% +83.5%
Revenue, next fiscal year $5.71BFY2026 $1.02BFY2026 $11.42BFY2026
Revenue growth, next FY +16.0%FY2026 +22.1%FY2026 +39.5%FY2026
Revenue growth, the year after +38.7% +24.4% +80.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARMHIMXMRVL
Held by institutions 9.3% 23.6% 78.7%
Institutions holding 955 176 2,216
Change in shares held, QoQ +12.4% +23.1% +0.1%
Institutions buying 593 108 1,432
Institutions selling 257 47 646
Buyers to sellers 2.31 2.30 2.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARMHIMXMRVL
ARM 1.00 0.47 0.61
HIMX 0.47 1.00 0.50
MRVL 0.61 0.50 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, ARM, HIMX and MRVL?

Arm Holdings (ARM) is the largest by market capitalisation: Arm Holdings (ARM) $250.29B, Himax Technologies (HIMX) $2.09B, Marvell Technology (MRVL) $220.67B.

Which stock is cheaper, ARM, HIMX and MRVL?

Himax Technologies (HIMX) trades on the lowest price-to-earnings ratio (Arm Holdings (ARM) 239.7x, Himax Technologies (HIMX) 59.4x, Marvell Technology (MRVL) 85.5x). On next year's consensus earnings, Himax Technologies (HIMX) is cheapest (Arm Holdings (ARM) 114.0x, Himax Technologies (HIMX) 29.3x, Marvell Technology (MRVL) 61.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Marvell Technology (MRVL) grew revenue fastest over the trailing twelve months: Arm Holdings (ARM) +25.1%, Himax Technologies (HIMX) +4.2%, Marvell Technology (MRVL) +30.6%.

Which company is more profitable?

Marvell Technology (MRVL) has the highest net margin (Arm Holdings (ARM) 20.2%, Marvell Technology (MRVL) 27.9%). On return on invested capital, Marvell Technology (MRVL) leads (Himax Technologies (HIMX) 3.6%, Marvell Technology (MRVL) 5.8%).

Which stock has performed better?

Over the past year Marvell Technology (MRVL) returned the most: Arm Holdings (ARM) +36.3%, Himax Technologies (HIMX) +27.4%, Marvell Technology (MRVL) +184.5%. Over five years, Marvell Technology (MRVL) compounded fastest (Himax Technologies (HIMX) +2.6%/yr, Marvell Technology (MRVL) +29.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Himax Technologies (HIMX) has the highest dividend yield: Himax Technologies (HIMX) 2.08%, Marvell Technology (MRVL) 0.10%. Arm Holdings (ARM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Himax Technologies (HIMX) has been the steadiest (Arm Holdings (ARM) 78.9%, Himax Technologies (HIMX) 76.3%, Marvell Technology (MRVL) 79.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARM, HIMX and MRVL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Himax Technologies (HIMX) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.