ICG vs ARM vs MRVL Stock Comparison

Intchains, Arm Holdings and Marvell Technology Prices as of Oct 27, 2026 Peers: Industry group
ICG Intchains Group Ltd
$1.36 +54.5% 1M -2.9% 1Y
Market cap
$82.22M
P/E
–
Revenue (TTM)
—
Div. yield
–
Semiconductor Design Technology
ARM Arm Holdings Plc /Uk
$226.60 -27.0% 1M +26.9% 1Y
Market cap
$248.66B
P/E
238.2x
Revenue (TTM)
$5.16B
Div. yield
–
Semiconductor Design Technology
3 wins
MRVL Marvell Technology, Inc.
$243.57 -7.0% 1M +174.6% 1Y
Market cap
$224.88B
P/E
85.2x
Revenue (TTM)
$9.45B
Div. yield
–
Semiconductor Design Technology
5 wins

Head to Head

8 decided of 12

Marvell Technology leads on 5 of the 12 questions below (Marvell Technology 5, Arm Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionICGARMMRVLLeader
Larger companyMarket capitalisation $82.22M $248.66B $224.88B ARM
Cheaper on earningsLower P/E, profitable companies only — 238.2x 85.2x MRVL
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 109.5x 59.1x MRVL
Faster revenue growthRevenue growth, trailing twelve months — +25.1% +30.6% MRVL
More profitableNet margin, trailing twelve months — 20.2% 27.9% MRVL
Better return on capitalReturn on invested capital — — 5.8% –
Less leveragedLower net debt / EBITDA — — 0.4x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -2.9% +26.9% +174.6% MRVL
Better 5-year returnAnnualised price return, 5 years — — +28.9%/yr –
Less volatileAnnualised volatility, 1 year 98.6% 78.9% 79.1% ARM
Higher overall scoreMean of the five percentile scores vs peers — 62/100 51/100 ARM

Percentile Scorecard

ICGARMMRVL

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

AxisICGARMMRVL
Valuation – 8 #87 of 94 29 #67 of 94
Growth – 88 #12 of 92 90 #10 of 92
Profitability – 78 #21 of 90 61 #36 of 90
Financial Health 95 #6 of 99 77 #24 of 99 47 #53 of 99
Shareholder Returns – – 26 #54 of 73
Overall – 62 51
  • ICG ranked among 103 companies in Semiconductors
  • ARM 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

PeriodICGARMMRVLSPY
1 month +54.5%-27.0%-7.0% -0.2%
3 months +74.4%-7.4%+39.6% +3.9%
6 months +9.7%+14.1%+59.0% +8.2%
Year to date -24.0%+107.3%+186.6% +12.9%
1 year -2.9%+26.9%+174.6% +12.3%
3 years -83.4%+361.6%+415.4% +87.4%
3 years, per year -45.1%+66.6%+72.8% +23.3%
5 years ——+255.7% +67.9%
5 years, per year ——+28.9% +10.9%
10 years ——+1,756.5% +261.1%
10 years, per year ——+33.9% +13.7%

Risk

MeasureICGARMMRVLSPY
Volatility, 1Y 98.6%78.9%79.1% 12.7%
Downside volatility, 1Y 94.6%71.2%74.9% 12.7%
Beta vs S&P 500, 1Y 0.853.463.23 1.00
Return / volatility, 1Y -0.030.342.21 0.97
Max drawdown, 5Y -95.4%-54.0%-62.1% -25.4%
From 52-week high -37.3%-48.4%-23.0% -1.2%
52-week high $2.17$439.46$316.43 $779.14
52-week low $0.63$104.55$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.

MultipleICGARMMRVL
P/E now vs peer median —median 45.6x 230.3xmedian 45.6x 82.8xmedian 45.6x
P/S now vs peer median —median 7.7x 46.6xmedian 7.7x 22.6xmedian 7.7x
EV/EBITDA now vs peer median —median 29.0x 204.3xmedian 29.0x 76.0xmedian 29.0x
P/FCF now vs peer median —median 40.6x 119.5xmedian 40.6x 123.5xmedian 40.6x
P/B now vs peer median 0.7xmedian 4.6x 27.9xmedian 4.6x 11.5xmedian 4.6x
PEG now vs peer median —median 2.28 6.49median 2.28 0.79median 2.28

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 monthsICGARMMRVL
Revenue – $5.16B $9.45B
Gross profit – $5.03B $4.93B
Operating income – $877.00M $1.56B
Net income – $1.04B $2.64B
Free cash flow – $2.01B $1.73B
R&D – $2.96B $2.44B
EPS (diluted) – $0.98 $2.87
Cash & equivalents $45.20M $3.06B $3.93B
Total debt – – $4.96B
Shares (diluted) 60.46M 1.07B 921.20M
Enterprise value -$187.89M $234.37B $211.75B

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
MetricICGARMMRVL
P/E – 230.3x 82.8x
P/FCF – 119.5x 123.5x
P/Operating cash flow – 114.8x 97.1x
P/S – 46.6x 22.6x
P/B 0.7x 27.9x 11.5x
P/Tangible book 0.7x 28.6x 13.2x
EV/EBITDA – 204.3x 76.0x
EV/EBIT – 269.7x 137.5x
EV/Revenue – 45.9x 22.7x
EV/FCF – 117.6x 124.0x
EV/Operating cash flow – 113.0x 97.5x
PEG (3Y EPS CAGR) – 6.49 0.79

Growth

14 metrics
MetricICGARMMRVL
Revenue growth (1Y) – 25.1% 30.6%
Revenue CAGR (3Y) – 24.7% 18.9%
Gross profit growth (1Y) – 25.6% 52.8%
Gross profit CAGR (3Y) – 25.4% 25.0%
Operating income growth (1Y) – 14.9% 1,577%
Operating income CAGR (3Y) – 21.6% 100.2%
Net income growth (1Y) – 49.4% 2,653%
Net income CAGR (3Y) – 37.2% 107.8%
EPS growth (1Y) – 48.7% 2,512%
EPS CAGR (3Y) – 35.5% 104.2%
Operating cash flow growth (1Y) – 105.5% 19.3%
Operating cash flow CAGR (3Y) – 34.7% 26.6%
Free cash flow growth (1Y) – 121.8% 12.8%
Free cash flow CAGR (3Y) – 33.3% 30.6%

Profitability

14 metrics
MetricICGARMMRVL
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% 23.3%
Return on equity – 16.3% 14.4%
Return on assets – 12.6% 9.7%
Return on invested capital – – 5.8%
Return on capital employed – 9.0% 6.3%
Asset turnover – 0.5x 0.3x
Cash conversion (OCF / net income) – 2.0x 0.8x
Stock comp / revenue – 22.4% 8.8%

Financial Health

11 metrics
MetricICGARMMRVL
Debt / assets – – 18.0%
Debt / equity – – 0.3x
Net debt / EBITDA – – 0.4x
Debt / FCF – – 2.9x
Liabilities / assets 3.9% 22.9% 32.7%
Equity / assets 96.1% 77.1% 67.3%
Interest coverage – – 7.2x
Current ratio 16.2x 5.3x 3.2x
Quick ratio 13.6x 4.9x 2.5x
Cash ratio 13.6x 3.2x 1.6x
Altman Z-score – 58.08 15.05

Shareholder Returns

7 metrics
MetricICGARMMRVL
Dividend yield – – 0.1%
Net buyback yield – – -0.1%
Shareholder yield – – 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.

ConsensusICGARMMRVL
Forward P/E – 109.5xFY2026 59.1xFY2026
EPS, next fiscal year $-0.24FY2026 $2.07FY2026 $4.12FY2026
EPS growth, next FY – +16.9%FY2026 +45.1%FY2026
EPS growth, the year after – +49.8% +83.5%
Revenue, next fiscal year $32.87MFY2027 $5.71BFY2026 $11.42BFY2026
Revenue growth, next FY +6.2%FY2027 +16.0%FY2026 +39.5%FY2026
Revenue growth, the year after – +38.7% +80.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersICGARMMRVL
Held by institutions – 9.3% 78.7%
Institutions holding – 955 2,215
Change in shares held, QoQ – +12.4% +0.1%
Institutions buying – 593 1,431
Institutions selling – 257 646
Buyers to sellers – 2.31 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.

ICGARMMRVL
ICG 1.00 0.06 -0.07
ARM 0.06 1.00 0.61
MRVL -0.07 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ICG, ARM and MRVL?

Arm Holdings (ARM) is the largest by market capitalisation: Intchains (ICG) $82.22M, Arm Holdings (ARM) $248.66B, Marvell Technology (MRVL) $224.88B.

Which stock is cheaper, ICG, ARM and MRVL?

Marvell Technology (MRVL) trades on the lowest price-to-earnings ratio (Arm Holdings (ARM) 238.2x, Marvell Technology (MRVL) 85.2x). On next year's consensus earnings, Marvell Technology (MRVL) is cheapest (Arm Holdings (ARM) 109.5x, Marvell Technology (MRVL) 59.1x). 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%, 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%).

Which stock has performed better?

Over the past year Marvell Technology (MRVL) returned the most: Intchains (ICG) -2.9%, Arm Holdings (ARM) +26.9%, Marvell Technology (MRVL) +174.6%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Arm Holdings (ARM) has been the steadiest (Intchains (ICG) 98.6%, Arm Holdings (ARM) 78.9%, Marvell Technology (MRVL) 79.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ICG, ARM 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, Marvell Technology (MRVL) 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.