vs
Side-by-side financial comparison of Monolithic Power Systems (MPWR) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $665.5M, roughly 1.2× Natera, Inc.). Monolithic Power Systems runs the higher net margin — 24.0% vs 7.1%, a 16.9% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 26.1%). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 25.9%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
MPWR vs NTRA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $804.2M | $665.5M |
| Net Profit | $193.2M | $47.3M |
| Gross Margin | 55.3% | — |
| Operating Margin | 30.0% | -3.4% |
| Net Margin | 24.0% | 7.1% |
| Revenue YoY | 26.1% | 39.8% |
| Net Profit YoY | 43.1% | 187.9% |
| EPS (diluted) | $3.92 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $737.2M | $592.2M | ||
| Q2 25 | $664.6M | $546.6M | ||
| Q1 25 | $637.6M | $501.8M | ||
| Q4 24 | $621.7M | $476.1M | ||
| Q3 24 | $620.1M | $439.8M | ||
| Q2 24 | $507.4M | $413.4M |
| Q1 26 | $193.2M | — | ||
| Q4 25 | $171.7M | $47.3M | ||
| Q3 25 | $179.8M | $-87.5M | ||
| Q2 25 | $135.0M | $-100.9M | ||
| Q1 25 | $135.1M | $-66.9M | ||
| Q4 24 | $1.3B | $-53.8M | ||
| Q3 24 | $144.4M | $-31.6M | ||
| Q2 24 | $100.4M | $-37.5M |
| 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% | -3.4% | ||
| Q3 25 | 26.5% | -16.5% | ||
| Q2 25 | 24.8% | -20.2% | ||
| Q1 25 | 26.5% | -15.8% | ||
| Q4 24 | 26.3% | -13.6% | ||
| Q3 24 | 26.5% | -8.9% | ||
| Q2 24 | 23.0% | -10.6% |
| Q1 26 | 24.0% | — | ||
| Q4 25 | 22.9% | 7.1% | ||
| Q3 25 | 24.4% | -14.8% | ||
| Q2 25 | 20.3% | -18.5% | ||
| Q1 25 | 21.2% | -13.3% | ||
| Q4 24 | 201.8% | -11.3% | ||
| Q3 24 | 23.3% | -7.2% | ||
| Q2 24 | 19.8% | -9.1% |
| Q1 26 | $3.92 | — | ||
| Q4 25 | $3.50 | $0.36 | ||
| Q3 25 | $3.74 | $-0.64 | ||
| Q2 25 | $2.81 | $-0.74 | ||
| Q1 25 | $2.81 | $-0.50 | ||
| Q4 24 | $25.71 | $-0.41 | ||
| Q3 24 | $2.95 | $-0.26 | ||
| Q2 24 | $2.05 | $-0.30 |
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 | — | — |
| Stockholders' EquityBook value | $3.7B | $1.7B |
| Total Assets | $4.4B | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $1.0M | ||
| Q2 25 | $1.1B | $16.0M | ||
| Q1 25 | $1.0B | $17.8M | ||
| Q4 24 | $862.9M | $22.7M | ||
| Q3 24 | $1.5B | $29.5M | ||
| Q2 24 | $1.3B | $90.3M |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.4B | $878.5M | ||
| Q2 24 | $2.2B | $836.5M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $2.4B | ||
| Q3 25 | $4.1B | $1.8B | ||
| Q2 25 | $3.9B | $1.8B | ||
| Q1 25 | $3.7B | $1.7B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | $2.9B | $1.6B | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $73.9M |
| Free Cash FlowOCF − Capex | — | $37.8M |
| FCF MarginFCF / Revenue | — | 5.7% |
| Capex IntensityCapex / Revenue | — | 5.4% |
| Cash ConversionOCF / Net Profit | — | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | — | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $73.9M | ||
| Q3 25 | $239.3M | $59.4M | ||
| Q2 25 | $237.6M | $37.6M | ||
| Q1 25 | $256.4M | $44.5M | ||
| Q4 24 | $167.7M | $52.9M | ||
| Q3 24 | $231.7M | $51.8M | ||
| Q2 24 | $141.0M | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $37.8M | ||
| Q3 25 | $196.8M | $37.0M | ||
| Q2 25 | $189.5M | $11.7M | ||
| Q1 25 | $216.0M | $22.6M | ||
| Q4 24 | $102.9M | $34.8M | ||
| Q3 24 | $197.9M | $35.5M | ||
| Q2 24 | $109.5M | $-7.7M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 5.7% | ||
| Q3 25 | 26.7% | 6.2% | ||
| Q2 25 | 28.5% | 2.1% | ||
| Q1 25 | 33.9% | 4.5% | ||
| Q4 24 | 16.5% | 7.3% | ||
| Q3 24 | 31.9% | 8.1% | ||
| Q2 24 | 21.6% | -1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 5.4% | ||
| Q3 25 | 5.8% | 3.8% | ||
| Q2 25 | 7.2% | 4.7% | ||
| Q1 25 | 6.3% | 4.3% | ||
| Q4 24 | 10.4% | 3.8% | ||
| Q3 24 | 5.5% | 3.7% | ||
| Q2 24 | 6.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 1.56× | ||
| Q3 25 | 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.
