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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $692.4M, roughly 1.2× OCEANEERING INTERNATIONAL INC). Monolithic Power Systems runs the higher net margin — 24.0% vs 5.2%, a 18.8% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 3.6%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 1.8%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
MPWR vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $804.2M | $692.4M |
| Net Profit | $193.2M | $36.1M |
| Gross Margin | 55.3% | — |
| Operating Margin | 30.0% | — |
| Net Margin | 24.0% | 5.2% |
| Revenue YoY | 26.1% | 3.6% |
| Net Profit YoY | 43.1% | -28.3% |
| 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 | $692.4M | ||
| Q4 25 | $751.2M | $668.6M | ||
| Q3 25 | $737.2M | $742.9M | ||
| Q2 25 | $664.6M | $698.2M | ||
| Q1 25 | $637.6M | $674.5M | ||
| Q4 24 | $621.7M | $713.5M | ||
| Q3 24 | $620.1M | $679.8M | ||
| Q2 24 | $507.4M | $668.8M |
| Q1 26 | $193.2M | $36.1M | ||
| Q4 25 | $171.7M | $177.7M | ||
| Q3 25 | $179.8M | $71.3M | ||
| Q2 25 | $135.0M | $54.4M | ||
| Q1 25 | $135.1M | $50.4M | ||
| Q4 24 | $1.3B | $56.1M | ||
| Q3 24 | $144.4M | $41.2M | ||
| Q2 24 | $100.4M | $35.0M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | 55.2% | 19.8% | ||
| Q3 25 | 55.1% | 20.6% | ||
| Q2 25 | 55.1% | 21.3% | ||
| Q1 25 | 55.4% | 20.0% | ||
| Q4 24 | 55.4% | 19.9% | ||
| Q3 24 | 55.4% | 19.3% | ||
| Q2 24 | 55.3% | 18.0% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 26.6% | 9.8% | ||
| Q3 25 | 26.5% | 11.6% | ||
| Q2 25 | 24.8% | 11.3% | ||
| Q1 25 | 26.5% | 10.9% | ||
| Q4 24 | 26.3% | 10.9% | ||
| Q3 24 | 26.5% | 10.5% | ||
| Q2 24 | 23.0% | 9.0% |
| Q1 26 | 24.0% | 5.2% | ||
| Q4 25 | 22.9% | 26.6% | ||
| Q3 25 | 24.4% | 9.6% | ||
| Q2 25 | 20.3% | 7.8% | ||
| Q1 25 | 21.2% | 7.5% | ||
| Q4 24 | 201.8% | 7.9% | ||
| Q3 24 | 23.3% | 6.1% | ||
| Q2 24 | 19.8% | 5.2% |
| Q1 26 | $3.92 | $0.36 | ||
| Q4 25 | $3.50 | $1.75 | ||
| Q3 25 | $3.74 | $0.71 | ||
| Q2 25 | $2.81 | $0.54 | ||
| Q1 25 | $2.81 | $0.49 | ||
| Q4 24 | $25.71 | $0.55 | ||
| Q3 24 | $2.95 | $0.40 | ||
| Q2 24 | $2.05 | $0.34 |
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 | — | $488.8M |
| Stockholders' EquityBook value | $3.7B | $1.1B |
| Total Assets | $4.4B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $695.9M | ||
| Q3 25 | $1.3B | $7.0M | ||
| Q2 25 | $1.1B | $7.0M | ||
| Q1 25 | $1.0B | $7.0M | ||
| Q4 24 | $862.9M | $504.5M | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | — | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.7B | $1.1B | ||
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.4B | $907.7M | ||
| Q2 25 | $3.2B | $842.1M | ||
| Q1 25 | $3.1B | $773.1M | ||
| Q4 24 | $3.0B | $714.3M | ||
| Q3 24 | $2.4B | $698.0M | ||
| Q2 24 | $2.2B | $651.0M |
| Q1 26 | $4.4B | $2.6B | ||
| Q4 25 | $4.2B | $2.7B | ||
| Q3 25 | $4.1B | $2.5B | ||
| Q2 25 | $3.9B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.5B | $2.3B | ||
| Q3 24 | $2.9B | $2.4B | ||
| Q2 24 | $2.6B | $2.3B |
| Q1 26 | — | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | — | $-76.5M |
| FCF MarginFCF / Revenue | — | -11.1% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $221.1M | ||
| Q3 25 | $239.3M | $101.3M | ||
| Q2 25 | $237.6M | $77.2M | ||
| Q1 25 | $256.4M | $-80.7M | ||
| Q4 24 | $167.7M | $128.4M | ||
| Q3 24 | $231.7M | $91.9M | ||
| Q2 24 | $141.0M | $52.6M |
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $63.9M | $190.7M | ||
| Q3 25 | $196.8M | $77.0M | ||
| Q2 25 | $189.5M | $46.9M | ||
| Q1 25 | $216.0M | $-106.8M | ||
| Q4 24 | $102.9M | $94.5M | ||
| Q3 24 | $197.9M | $67.0M | ||
| Q2 24 | $109.5M | $29.8M |
| Q1 26 | — | -11.1% | ||
| Q4 25 | 8.5% | 28.5% | ||
| Q3 25 | 26.7% | 10.4% | ||
| Q2 25 | 28.5% | 6.7% | ||
| Q1 25 | 33.9% | -15.8% | ||
| Q4 24 | 16.5% | 13.2% | ||
| Q3 24 | 31.9% | 9.9% | ||
| Q2 24 | 21.6% | 4.5% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 5.5% | 4.6% | ||
| Q3 25 | 5.8% | 3.3% | ||
| Q2 25 | 7.2% | 4.3% | ||
| Q1 25 | 6.3% | 3.9% | ||
| Q4 24 | 10.4% | 4.7% | ||
| Q3 24 | 5.5% | 3.7% | ||
| Q2 24 | 6.2% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 1.24× | ||
| Q3 25 | 1.33× | 1.42× | ||
| Q2 25 | 1.76× | 1.42× | ||
| Q1 25 | 1.90× | -1.60× | ||
| Q4 24 | 0.13× | 2.29× | ||
| Q3 24 | 1.60× | 2.23× | ||
| Q2 24 | 1.40× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
