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Side-by-side financial comparison of Garrett Motion Inc. (GTX) and Monolithic Power Systems (MPWR). Click either name above to swap in a different company.

Garrett Motion Inc. is the larger business by last-quarter revenue ($985.0M vs $804.2M, roughly 1.2× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 24.0% vs 9.6%, a 14.4% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 12.2%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 5.2%).

Garrett Motion Inc., formerly Honeywell Transportation Systems and Honeywell Turbo Technologies, is an American company primarily involved in engineering, development and manufacturing of turbochargers and related forced induction systems for ground vehicles from small passenger cars to large trucks and industrial equipment and construction machinery. It originated as part of Garrett AiResearch's Industrial Division in Phoenix, Arizona, in 1954, after which they entered a contract to provide ...

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

GTX vs MPWR — Head-to-Head

Bigger by revenue
GTX
GTX
1.2× larger
GTX
$985.0M
$804.2M
MPWR
Growing faster (revenue YoY)
MPWR
MPWR
+13.9% gap
MPWR
26.1%
12.2%
GTX
Higher net margin
MPWR
MPWR
14.4% more per $
MPWR
24.0%
9.6%
GTX
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
25.9%
5.2%
GTX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
GTX
GTX
MPWR
MPWR
Revenue
$985.0M
$804.2M
Net Profit
$95.0M
$193.2M
Gross Margin
19.9%
55.3%
Operating Margin
30.0%
Net Margin
9.6%
24.0%
Revenue YoY
12.2%
26.1%
Net Profit YoY
53.2%
43.1%
EPS (diluted)
$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.

Revenue
GTX
GTX
MPWR
MPWR
Q1 26
$985.0M
$804.2M
Q4 25
$891.0M
$751.2M
Q3 25
$902.0M
$737.2M
Q2 25
$913.0M
$664.6M
Q1 25
$878.0M
$637.6M
Q4 24
$844.0M
$621.7M
Q3 24
$826.0M
$620.1M
Q2 24
$890.0M
$507.4M
Net Profit
GTX
GTX
MPWR
MPWR
Q1 26
$95.0M
$193.2M
Q4 25
$84.0M
$171.7M
Q3 25
$77.0M
$179.8M
Q2 25
$87.0M
$135.0M
Q1 25
$62.0M
$135.1M
Q4 24
$100.0M
$1.3B
Q3 24
$52.0M
$144.4M
Q2 24
$64.0M
$100.4M
Gross Margin
GTX
GTX
MPWR
MPWR
Q1 26
19.9%
55.3%
Q4 25
20.8%
55.2%
Q3 25
20.6%
55.1%
Q2 25
19.8%
55.1%
Q1 25
20.4%
55.4%
Q4 24
21.6%
55.4%
Q3 24
20.1%
55.4%
Q2 24
20.8%
55.3%
Operating Margin
GTX
GTX
MPWR
MPWR
Q1 26
30.0%
Q4 25
11.6%
26.6%
Q3 25
11.3%
26.5%
Q2 25
11.2%
24.8%
Q1 25
9.7%
26.5%
Q4 24
11.7%
26.3%
Q3 24
9.2%
26.5%
Q2 24
9.8%
23.0%
Net Margin
GTX
GTX
MPWR
MPWR
Q1 26
9.6%
24.0%
Q4 25
9.4%
22.9%
Q3 25
8.5%
24.4%
Q2 25
9.5%
20.3%
Q1 25
7.1%
21.2%
Q4 24
11.8%
201.8%
Q3 24
6.3%
23.3%
Q2 24
7.2%
19.8%
EPS (diluted)
GTX
GTX
MPWR
MPWR
Q1 26
$3.92
Q4 25
$0.42
$3.50
Q3 25
$0.38
$3.74
Q2 25
$0.42
$2.81
Q1 25
$0.30
$2.81
Q4 24
$0.46
$25.71
Q3 24
$0.24
$2.95
Q2 24
$0.28
$2.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTX
GTX
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$142.0M
$1.4B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$3.7B
Total Assets
$2.4B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTX
GTX
MPWR
MPWR
Q1 26
$142.0M
$1.4B
Q4 25
$177.0M
$1.3B
Q3 25
$230.0M
$1.3B
Q2 25
$232.0M
$1.1B
Q1 25
$130.0M
$1.0B
Q4 24
$125.0M
$862.9M
Q3 24
$96.0M
$1.5B
Q2 24
$98.0M
$1.3B
Total Debt
GTX
GTX
MPWR
MPWR
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GTX
GTX
MPWR
MPWR
Q1 26
$3.7B
Q4 25
$-802.0M
$3.5B
Q3 25
$-813.0M
$3.4B
Q2 25
$-812.0M
$3.2B
Q1 25
$-700.0M
$3.1B
Q4 24
$-673.0M
$3.0B
Q3 24
$-778.0M
$2.4B
Q2 24
$-725.0M
$2.2B
Total Assets
GTX
GTX
MPWR
MPWR
Q1 26
$2.4B
$4.4B
Q4 25
$2.4B
$4.2B
Q3 25
$2.4B
$4.1B
Q2 25
$2.4B
$3.9B
Q1 25
$2.3B
$3.7B
Q4 24
$2.3B
$3.5B
Q3 24
$2.2B
$2.9B
Q2 24
$2.2B
$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
GTX
GTX
MPWR
MPWR
Operating Cash FlowLast quarter
$98.0M
Free Cash FlowOCF − Capex
$49.0M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$360.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTX
GTX
MPWR
MPWR
Q1 26
$98.0M
Q4 25
$99.0M
$104.9M
Q3 25
$100.0M
$239.3M
Q2 25
$158.0M
$237.6M
Q1 25
$56.0M
$256.4M
Q4 24
$131.0M
$167.7M
Q3 24
$67.0M
$231.7M
Q2 24
$126.0M
$141.0M
Free Cash Flow
GTX
GTX
MPWR
MPWR
Q1 26
$49.0M
Q4 25
$78.0M
$63.9M
Q3 25
$90.0M
$196.8M
Q2 25
$143.0M
$189.5M
Q1 25
$30.0M
$216.0M
Q4 24
$109.0M
$102.9M
Q3 24
$47.0M
$197.9M
Q2 24
$109.0M
$109.5M
FCF Margin
GTX
GTX
MPWR
MPWR
Q1 26
5.0%
Q4 25
8.8%
8.5%
Q3 25
10.0%
26.7%
Q2 25
15.7%
28.5%
Q1 25
3.4%
33.9%
Q4 24
12.9%
16.5%
Q3 24
5.7%
31.9%
Q2 24
12.2%
21.6%
Capex Intensity
GTX
GTX
MPWR
MPWR
Q1 26
Q4 25
2.4%
5.5%
Q3 25
1.1%
5.8%
Q2 25
1.6%
7.2%
Q1 25
3.0%
6.3%
Q4 24
2.6%
10.4%
Q3 24
2.4%
5.5%
Q2 24
1.9%
6.2%
Cash Conversion
GTX
GTX
MPWR
MPWR
Q1 26
1.03×
Q4 25
1.18×
0.61×
Q3 25
1.30×
1.33×
Q2 25
1.82×
1.76×
Q1 25
0.90×
1.90×
Q4 24
1.31×
0.13×
Q3 24
1.29×
1.60×
Q2 24
1.97×
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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