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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and Monolithic Power Systems (MPWR). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $739.8M, roughly 1.1× Circle Internet Group, Inc.). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 24.0%, a 5.0% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 26.1%).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
CRCL vs MPWR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $804.2M |
| Net Profit | $214.4M | $193.2M |
| Gross Margin | — | 55.3% |
| Operating Margin | 11.0% | 30.0% |
| Net Margin | 29.0% | 24.0% |
| Revenue YoY | 5113.5% | 26.1% |
| Net Profit YoY | 202.0% | 43.1% |
| EPS (diluted) | $0.64 | $3.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $804.2M | ||
| Q4 25 | — | $751.2M | ||
| Q3 25 | $739.8M | $737.2M | ||
| Q2 25 | $658.1M | $664.6M | ||
| Q1 25 | — | $637.6M | ||
| Q4 24 | — | $621.7M | ||
| Q3 24 | — | $620.1M | ||
| Q2 24 | $6.8M | $507.4M |
| Q1 26 | — | $193.2M | ||
| Q4 25 | — | $171.7M | ||
| Q3 25 | $214.4M | $179.8M | ||
| Q2 25 | $-482.1M | $135.0M | ||
| Q1 25 | — | $135.1M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $144.4M | ||
| Q2 24 | $32.9M | $100.4M |
| Q1 26 | — | 55.3% | ||
| Q4 25 | — | 55.2% | ||
| Q3 25 | — | 55.1% | ||
| Q2 25 | — | 55.1% | ||
| Q1 25 | — | 55.4% | ||
| Q4 24 | — | 55.4% | ||
| Q3 24 | — | 55.4% | ||
| Q2 24 | — | 55.3% |
| Q1 26 | — | 30.0% | ||
| Q4 25 | — | 26.6% | ||
| Q3 25 | 11.0% | 26.5% | ||
| Q2 25 | -49.5% | 24.8% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 23.0% |
| Q1 26 | — | 24.0% | ||
| Q4 25 | — | 22.9% | ||
| Q3 25 | 29.0% | 24.4% | ||
| Q2 25 | -73.3% | 20.3% | ||
| Q1 25 | — | 21.2% | ||
| Q4 24 | — | 201.8% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | 486.5% | 19.8% |
| Q1 26 | — | $3.92 | ||
| Q4 25 | — | $3.50 | ||
| Q3 25 | $0.64 | $3.74 | ||
| Q2 25 | $-4.48 | $2.81 | ||
| Q1 25 | — | $2.81 | ||
| Q4 24 | — | $25.71 | ||
| Q3 24 | — | $2.95 | ||
| Q2 24 | $0.00 | $2.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $3.7B |
| Total Assets | $76.8B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $862.9M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $457.5M | $1.3B |
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $2.4B | $3.2B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | $460.9M | $2.2B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $76.8B | $4.1B | ||
| Q2 25 | $64.2B | $3.9B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.7M | — |
| Free Cash FlowOCF − Capex | $-14.7M | — |
| FCF MarginFCF / Revenue | -2.0% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | -0.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $104.9M | ||
| Q3 25 | $-10.7M | $239.3M | ||
| Q2 25 | $303.7M | $237.6M | ||
| Q1 25 | — | $256.4M | ||
| Q4 24 | — | $167.7M | ||
| Q3 24 | — | $231.7M | ||
| Q2 24 | — | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $63.9M | ||
| Q3 25 | $-14.7M | $196.8M | ||
| Q2 25 | $296.3M | $189.5M | ||
| Q1 25 | — | $216.0M | ||
| Q4 24 | — | $102.9M | ||
| Q3 24 | — | $197.9M | ||
| Q2 24 | — | $109.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | -2.0% | 26.7% | ||
| Q2 25 | 45.0% | 28.5% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 31.9% | ||
| Q2 24 | — | 21.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | 0.5% | 5.8% | ||
| Q2 25 | 1.1% | 7.2% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | -0.05× | 1.33× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
