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Side-by-side financial comparison of QUAKER CHEMICAL CORP (KWR) 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 $468.5M, roughly 1.7× QUAKER CHEMICAL CORP). Monolithic Power Systems runs the higher net margin — 24.0% vs 4.4%, a 19.6% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 5.5%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs -0.1%).

Quaker Chemical Corporation, doing business as Quaker Houghton, is an American chemical company that was founded in 1918. It is headquartered in Conshohocken, Pennsylvania. With its global presence in 21 countries and 35 locations worldwide, the company has over 50% of net sales outside of the United States. Quaker Houghton manufactures process fluids for use in the steel, aluminum, metalworking, automotive, mining, aerospace, tube & pipe, can making, and other industrial processes. On August...

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

KWR vs MPWR — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.7× larger
MPWR
$804.2M
$468.5M
KWR
Growing faster (revenue YoY)
MPWR
MPWR
+20.6% gap
MPWR
26.1%
5.5%
KWR
Higher net margin
MPWR
MPWR
19.6% more per $
MPWR
24.0%
4.4%
KWR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
25.9%
-0.1%
KWR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KWR
KWR
MPWR
MPWR
Revenue
$468.5M
$804.2M
Net Profit
$20.7M
$193.2M
Gross Margin
35.3%
55.3%
Operating Margin
6.7%
30.0%
Net Margin
4.4%
24.0%
Revenue YoY
5.5%
26.1%
Net Profit YoY
45.9%
43.1%
EPS (diluted)
$1.16
$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
KWR
KWR
MPWR
MPWR
Q1 26
$804.2M
Q4 25
$468.5M
$751.2M
Q3 25
$493.8M
$737.2M
Q2 25
$483.4M
$664.6M
Q1 25
$442.9M
$637.6M
Q4 24
$444.1M
$621.7M
Q3 24
$462.3M
$620.1M
Q2 24
$463.6M
$507.4M
Net Profit
KWR
KWR
MPWR
MPWR
Q1 26
$193.2M
Q4 25
$20.7M
$171.7M
Q3 25
$30.5M
$179.8M
Q2 25
$-66.6M
$135.0M
Q1 25
$12.9M
$135.1M
Q4 24
$14.2M
$1.3B
Q3 24
$32.3M
$144.4M
Q2 24
$34.9M
$100.4M
Gross Margin
KWR
KWR
MPWR
MPWR
Q1 26
55.3%
Q4 25
35.3%
55.2%
Q3 25
36.6%
55.1%
Q2 25
35.5%
55.1%
Q1 25
36.4%
55.4%
Q4 24
35.2%
55.4%
Q3 24
37.3%
55.4%
Q2 24
37.9%
55.3%
Operating Margin
KWR
KWR
MPWR
MPWR
Q1 26
30.0%
Q4 25
6.7%
26.6%
Q3 25
9.4%
26.5%
Q2 25
-10.9%
24.8%
Q1 25
6.2%
26.5%
Q4 24
6.5%
26.3%
Q3 24
11.2%
26.5%
Q2 24
12.6%
23.0%
Net Margin
KWR
KWR
MPWR
MPWR
Q1 26
24.0%
Q4 25
4.4%
22.9%
Q3 25
6.2%
24.4%
Q2 25
-13.8%
20.3%
Q1 25
2.9%
21.2%
Q4 24
3.2%
201.8%
Q3 24
7.0%
23.3%
Q2 24
7.5%
19.8%
EPS (diluted)
KWR
KWR
MPWR
MPWR
Q1 26
$3.92
Q4 25
$1.16
$3.50
Q3 25
$1.75
$3.74
Q2 25
$-3.78
$2.81
Q1 25
$0.73
$2.81
Q4 24
$0.81
$25.71
Q3 24
$1.81
$2.95
Q2 24
$1.94
$2.05

Balance Sheet & Financial Strength

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

Metric
KWR
KWR
MPWR
MPWR
Cash + ST InvestmentsLiquidity on hand
$179.8M
$1.4B
Total DebtLower is stronger
$834.9M
Stockholders' EquityBook value
$1.4B
$3.7B
Total Assets
$2.8B
$4.4B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KWR
KWR
MPWR
MPWR
Q1 26
$1.4B
Q4 25
$179.8M
$1.3B
Q3 25
$172.0M
$1.3B
Q2 25
$201.9M
$1.1B
Q1 25
$186.2M
$1.0B
Q4 24
$188.9M
$862.9M
Q3 24
$212.1M
$1.5B
Q2 24
$188.6M
$1.3B
Total Debt
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
$834.9M
Q3 25
Q2 25
Q1 25
Q4 24
$669.6M
Q3 24
Q2 24
Stockholders' Equity
KWR
KWR
MPWR
MPWR
Q1 26
$3.7B
Q4 25
$1.4B
$3.5B
Q3 25
$1.4B
$3.4B
Q2 25
$1.3B
$3.2B
Q1 25
$1.4B
$3.1B
Q4 24
$1.4B
$3.0B
Q3 24
$1.4B
$2.4B
Q2 24
$1.4B
$2.2B
Total Assets
KWR
KWR
MPWR
MPWR
Q1 26
$4.4B
Q4 25
$2.8B
$4.2B
Q3 25
$2.8B
$4.1B
Q2 25
$2.8B
$3.9B
Q1 25
$2.7B
$3.7B
Q4 24
$2.6B
$3.5B
Q3 24
$2.7B
$2.9B
Q2 24
$2.7B
$2.6B
Debt / Equity
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
0.61×
Q3 25
Q2 25
Q1 25
Q4 24
0.49×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KWR
KWR
MPWR
MPWR
Operating Cash FlowLast quarter
$46.5M
Free Cash FlowOCF − Capex
$24.3M
FCF MarginFCF / Revenue
5.2%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
2.25×
TTM Free Cash FlowTrailing 4 quarters
$80.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
$46.5M
$104.9M
Q3 25
$51.4M
$239.3M
Q2 25
$41.6M
$237.6M
Q1 25
$-3.0M
$256.4M
Q4 24
$63.1M
$167.7M
Q3 24
$68.0M
$231.7M
Q2 24
$46.3M
$141.0M
Free Cash Flow
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
$24.3M
$63.9M
Q3 25
$38.0M
$196.8M
Q2 25
$33.6M
$189.5M
Q1 25
$-15.4M
$216.0M
Q4 24
$40.6M
$102.9M
Q3 24
$59.8M
$197.9M
Q2 24
$39.6M
$109.5M
FCF Margin
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
5.2%
8.5%
Q3 25
7.7%
26.7%
Q2 25
7.0%
28.5%
Q1 25
-3.5%
33.9%
Q4 24
9.1%
16.5%
Q3 24
12.9%
31.9%
Q2 24
8.6%
21.6%
Capex Intensity
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
4.7%
5.5%
Q3 25
2.7%
5.8%
Q2 25
1.6%
7.2%
Q1 25
2.8%
6.3%
Q4 24
5.1%
10.4%
Q3 24
1.8%
5.5%
Q2 24
1.4%
6.2%
Cash Conversion
KWR
KWR
MPWR
MPWR
Q1 26
Q4 25
2.25×
0.61×
Q3 25
1.69×
1.33×
Q2 25
1.76×
Q1 25
-0.24×
1.90×
Q4 24
4.45×
0.13×
Q3 24
2.10×
1.60×
Q2 24
1.33×
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KWR
KWR

Other$260.7M56%
Metalworking And Other$146.4M31%
Metals$61.4M13%

MPWR
MPWR

Segment breakdown not available.

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