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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $425.9M, roughly 1.9× NATIONAL FUEL GAS CO). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 24.0%, a 11.7% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 1.7%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 12.1%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
MPWR vs NFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $804.2M | $425.9M |
| Net Profit | $193.2M | $152.0M |
| Gross Margin | 55.3% | — |
| Operating Margin | 30.0% | 81.5% |
| Net Margin | 24.0% | 35.7% |
| Revenue YoY | 26.1% | 1.7% |
| Net Profit YoY | 43.1% | — |
| EPS (diluted) | $3.92 | $1.59 |
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 | $425.9M | ||
| Q4 25 | $751.2M | $637.9M | ||
| Q3 25 | $737.2M | $443.1M | ||
| Q2 25 | $664.6M | $527.4M | ||
| Q1 25 | $637.6M | $734.8M | ||
| Q4 24 | $621.7M | $513.8M | ||
| Q3 24 | $620.1M | $310.0M | ||
| Q2 24 | $507.4M | $338.6M |
| Q1 26 | $193.2M | $152.0M | ||
| Q4 25 | $171.7M | $181.6M | ||
| Q3 25 | $179.8M | $107.3M | ||
| Q2 25 | $135.0M | $149.8M | ||
| Q1 25 | $135.1M | $216.4M | ||
| Q4 24 | $1.3B | $45.0M | ||
| Q3 24 | $144.4M | $-167.6M | ||
| Q2 24 | $100.4M | $-54.2M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | 55.2% | 86.6% | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 55.1% | 94.7% | ||
| Q1 25 | 55.4% | 81.6% | ||
| Q4 24 | 55.4% | 87.3% | ||
| Q3 24 | 55.4% | — | ||
| Q2 24 | 55.3% | 98.5% |
| Q1 26 | 30.0% | 81.5% | ||
| Q4 25 | 26.6% | 43.3% | ||
| Q3 25 | 26.5% | 40.6% | ||
| Q2 25 | 24.8% | 43.7% | ||
| Q1 25 | 26.5% | 43.2% | ||
| Q4 24 | 26.3% | 16.8% | ||
| Q3 24 | 26.5% | -63.4% | ||
| Q2 24 | 23.0% | -15.2% |
| Q1 26 | 24.0% | 35.7% | ||
| Q4 25 | 22.9% | 28.5% | ||
| Q3 25 | 24.4% | 24.2% | ||
| Q2 25 | 20.3% | 28.4% | ||
| Q1 25 | 21.2% | 29.4% | ||
| Q4 24 | 201.8% | 8.8% | ||
| Q3 24 | 23.3% | -54.1% | ||
| Q2 24 | 19.8% | -16.0% |
| Q1 26 | $3.92 | $1.59 | ||
| Q4 25 | $3.50 | $1.98 | ||
| Q3 25 | $3.74 | $1.18 | ||
| Q2 25 | $2.81 | $1.64 | ||
| Q1 25 | $2.81 | $2.37 | ||
| Q4 24 | $25.71 | $0.49 | ||
| Q3 24 | $2.95 | $-1.81 | ||
| Q2 24 | $2.05 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | — |
| Total DebtLower is stronger | — | $300.0M |
| Stockholders' EquityBook value | $3.7B | — |
| Total Assets | $4.4B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $271.4M | ||
| Q3 25 | $1.3B | $43.2M | ||
| Q2 25 | $1.1B | $39.3M | ||
| Q1 25 | $1.0B | $40.0M | ||
| Q4 24 | $862.9M | $48.7M | ||
| Q3 24 | $1.5B | $38.2M | ||
| Q2 24 | $1.3B | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.5B | $3.6B | ||
| Q3 25 | $3.4B | $3.1B | ||
| Q2 25 | $3.2B | $3.0B | ||
| Q1 25 | $3.1B | $2.8B | ||
| Q4 24 | $3.0B | $-76.2M | ||
| Q3 24 | $2.4B | $-15.5M | ||
| Q2 24 | $2.2B | $5.0M |
| Q1 26 | $4.4B | $9.1B | ||
| Q4 25 | $4.2B | $9.2B | ||
| Q3 25 | $4.1B | $8.7B | ||
| Q2 25 | $3.9B | $8.4B | ||
| Q1 25 | $3.7B | $8.5B | ||
| Q4 24 | $3.5B | $8.3B | ||
| Q3 24 | $2.9B | $8.3B | ||
| Q2 24 | $2.6B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | — | $657.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 117.0% |
| Cash ConversionOCF / Net Profit | — | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $657.3M | ||
| Q4 25 | $104.9M | $274.9M | ||
| Q3 25 | $239.3M | $237.8M | ||
| Q2 25 | $237.6M | $388.4M | ||
| Q1 25 | $256.4M | $253.8M | ||
| Q4 24 | $167.7M | $220.1M | ||
| Q3 24 | $231.7M | $197.9M | ||
| Q2 24 | $141.0M | $281.8M |
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $-2.7M | ||
| Q3 25 | $196.8M | $-47.8M | ||
| Q2 25 | $189.5M | $195.3M | ||
| Q1 25 | $216.0M | $59.9M | ||
| Q4 24 | $102.9M | $-20.3M | ||
| Q3 24 | $197.9M | $-49.1M | ||
| Q2 24 | $109.5M | $79.5M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | -0.4% | ||
| Q3 25 | 26.7% | -10.8% | ||
| Q2 25 | 28.5% | 37.0% | ||
| Q1 25 | 33.9% | 8.2% | ||
| Q4 24 | 16.5% | -4.0% | ||
| Q3 24 | 31.9% | -15.8% | ||
| Q2 24 | 21.6% | 23.5% |
| Q1 26 | — | 117.0% | ||
| Q4 25 | 5.5% | 43.5% | ||
| Q3 25 | 5.8% | 64.4% | ||
| Q2 25 | 7.2% | 36.6% | ||
| Q1 25 | 6.3% | 26.4% | ||
| Q4 24 | 10.4% | 46.8% | ||
| Q3 24 | 5.5% | 79.7% | ||
| Q2 24 | 6.2% | 59.7% |
| Q1 26 | — | 4.32× | ||
| Q4 25 | 0.61× | 1.51× | ||
| Q3 25 | 1.33× | 2.21× | ||
| Q2 25 | 1.76× | 2.59× | ||
| Q1 25 | 1.90× | 1.17× | ||
| Q4 24 | 0.13× | 4.89× | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPWR
Segment breakdown not available.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
