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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and North American Construction Group Ltd. (NOA). Click either name above to swap in a different company.

North American Construction Group Ltd. is the larger business by last-quarter revenue ($860.2M vs $751.2M, roughly 1.1× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 22.9% vs 4.7%, a 18.1% gap on every dollar of revenue. Over the past eight quarters, North American Construction Group Ltd.'s revenue compounded faster (58.0% CAGR vs 28.1%).

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

Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.

MPWR vs NOA — Head-to-Head

Bigger by revenue
NOA
NOA
1.1× larger
NOA
$860.2M
$751.2M
MPWR
Higher net margin
MPWR
MPWR
18.1% more per $
MPWR
22.9%
4.7%
NOA
Faster 2-yr revenue CAGR
NOA
NOA
Annualised
NOA
58.0%
28.1%
MPWR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MPWR
MPWR
NOA
NOA
Revenue
$751.2M
$860.2M
Net Profit
$171.7M
$40.5M
Gross Margin
55.2%
19.7%
Operating Margin
26.6%
15.4%
Net Margin
22.9%
4.7%
Revenue YoY
20.8%
Net Profit YoY
-86.3%
EPS (diluted)
$3.50

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
MPWR
MPWR
NOA
NOA
Q4 25
$751.2M
Q3 25
$737.2M
$860.2M
Q2 25
$664.6M
$573.3M
Q1 25
$637.6M
$297.0M
Q4 24
$621.7M
Q3 24
$620.1M
$636.4M
Q2 24
$507.4M
$439.5M
Q1 24
$457.9M
$244.3M
Net Profit
MPWR
MPWR
NOA
NOA
Q4 25
$171.7M
Q3 25
$179.8M
$40.5M
Q2 25
$135.0M
$26.0M
Q1 25
$135.1M
$11.5M
Q4 24
$1.3B
Q3 24
$144.4M
$45.5M
Q2 24
$100.4M
$34.1M
Q1 24
$92.5M
$21.8M
Gross Margin
MPWR
MPWR
NOA
NOA
Q4 25
55.2%
Q3 25
55.1%
19.7%
Q2 25
55.1%
18.1%
Q1 25
55.4%
18.0%
Q4 24
55.4%
Q3 24
55.4%
14.0%
Q2 24
55.3%
14.3%
Q1 24
55.1%
16.8%
Operating Margin
MPWR
MPWR
NOA
NOA
Q4 25
26.6%
Q3 25
26.5%
15.4%
Q2 25
24.8%
13.6%
Q1 25
26.5%
13.0%
Q4 24
26.3%
Q3 24
26.5%
7.9%
Q2 24
23.0%
8.2%
Q1 24
20.9%
10.5%
Net Margin
MPWR
MPWR
NOA
NOA
Q4 25
22.9%
Q3 25
24.4%
4.7%
Q2 25
20.3%
4.5%
Q1 25
21.2%
3.9%
Q4 24
201.8%
Q3 24
23.3%
7.1%
Q2 24
19.8%
7.8%
Q1 24
20.2%
8.9%
EPS (diluted)
MPWR
MPWR
NOA
NOA
Q4 25
$3.50
Q3 25
$3.74
Q2 25
$2.81
Q1 25
$2.81
Q4 24
$25.71
Q3 24
$2.95
Q2 24
$2.05
Q1 24
$1.89

Balance Sheet & Financial Strength

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

Metric
MPWR
MPWR
NOA
NOA
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
Total Assets
$4.2B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
NOA
NOA
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$862.9M
Q3 24
$1.5B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
MPWR
MPWR
NOA
NOA
Q4 25
$3.5B
Q3 25
$3.4B
Q2 25
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$2.4B
Q2 24
$2.2B
Q1 24
$2.1B
Total Assets
MPWR
MPWR
NOA
NOA
Q4 25
$4.2B
Q3 25
$4.1B
$1.7B
Q2 25
$3.9B
$1.7B
Q1 25
$3.7B
$1.7B
Q4 24
$3.5B
Q3 24
$2.9B
$1.5B
Q2 24
$2.6B
$1.5B
Q1 24
$2.6B
$1.5B

Cash Flow & Capital Efficiency

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

Metric
MPWR
MPWR
NOA
NOA
Operating Cash FlowLast quarter
$104.9M
$140.7M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.61×
3.47×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
NOA
NOA
Q4 25
$104.9M
Q3 25
$239.3M
$140.7M
Q2 25
$237.6M
$85.4M
Q1 25
$256.4M
$19.0M
Q4 24
$167.7M
Q3 24
$231.7M
$109.5M
Q2 24
$141.0M
$72.0M
Q1 24
$248.1M
$31.8M
Free Cash Flow
MPWR
MPWR
NOA
NOA
Q4 25
$63.9M
Q3 25
$196.8M
Q2 25
$189.5M
Q1 25
$216.0M
Q4 24
$102.9M
Q3 24
$197.9M
Q2 24
$109.5M
Q1 24
$232.1M
FCF Margin
MPWR
MPWR
NOA
NOA
Q4 25
8.5%
Q3 25
26.7%
Q2 25
28.5%
Q1 25
33.9%
Q4 24
16.5%
Q3 24
31.9%
Q2 24
21.6%
Q1 24
50.7%
Capex Intensity
MPWR
MPWR
NOA
NOA
Q4 25
5.5%
Q3 25
5.8%
Q2 25
7.2%
Q1 25
6.3%
Q4 24
10.4%
Q3 24
5.5%
Q2 24
6.2%
Q1 24
3.5%
Cash Conversion
MPWR
MPWR
NOA
NOA
Q4 25
0.61×
Q3 25
1.33×
3.47×
Q2 25
1.76×
3.28×
Q1 25
1.90×
1.65×
Q4 24
0.13×
Q3 24
1.60×
2.41×
Q2 24
1.40×
2.11×
Q1 24
2.68×
1.46×

Financial Flow Comparison

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

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