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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.

BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $751.2M, roughly 2.0× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 22.9% vs 4.4%, a 18.4% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 20.8%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $63.9M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% 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.

BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.

MPWR vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
2.0× larger
ONC
$1.5B
$751.2M
MPWR
Growing faster (revenue YoY)
ONC
ONC
+12.0% gap
ONC
32.8%
20.8%
MPWR
Higher net margin
MPWR
MPWR
18.4% more per $
MPWR
22.9%
4.4%
ONC
More free cash flow
ONC
ONC
$315.9M more FCF
ONC
$379.8M
$63.9M
MPWR
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
28.1%
MPWR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPWR
MPWR
ONC
ONC
Revenue
$751.2M
$1.5B
Net Profit
$171.7M
$66.5M
Gross Margin
55.2%
90.5%
Operating Margin
26.6%
12.4%
Net Margin
22.9%
4.4%
Revenue YoY
20.8%
32.8%
Net Profit YoY
-86.3%
143.8%
EPS (diluted)
$3.50
$0.05

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
ONC
ONC
Q4 25
$751.2M
$1.5B
Q3 25
$737.2M
$1.4B
Q2 25
$664.6M
$1.3B
Q1 25
$637.6M
$1.1B
Q4 24
$621.7M
$1.1B
Q3 24
$620.1M
$1.0B
Q2 24
$507.4M
$929.2M
Q1 24
$457.9M
$751.7M
Net Profit
MPWR
MPWR
ONC
ONC
Q4 25
$171.7M
$66.5M
Q3 25
$179.8M
$124.8M
Q2 25
$135.0M
$94.3M
Q1 25
$135.1M
$1.3M
Q4 24
$1.3B
$-151.9M
Q3 24
$144.4M
$-121.3M
Q2 24
$100.4M
$-120.4M
Q1 24
$92.5M
$-251.2M
Gross Margin
MPWR
MPWR
ONC
ONC
Q4 25
55.2%
90.5%
Q3 25
55.1%
86.1%
Q2 25
55.1%
87.5%
Q1 25
55.4%
85.2%
Q4 24
55.4%
85.8%
Q3 24
55.4%
83.0%
Q2 24
55.3%
85.1%
Q1 24
55.1%
83.4%
Operating Margin
MPWR
MPWR
ONC
ONC
Q4 25
26.6%
12.4%
Q3 25
26.5%
11.5%
Q2 25
24.8%
6.7%
Q1 25
26.5%
1.0%
Q4 24
26.3%
-7.0%
Q3 24
26.5%
-12.0%
Q2 24
23.0%
-11.5%
Q1 24
20.9%
-34.8%
Net Margin
MPWR
MPWR
ONC
ONC
Q4 25
22.9%
4.4%
Q3 25
24.4%
8.8%
Q2 25
20.3%
7.2%
Q1 25
21.2%
0.1%
Q4 24
201.8%
-13.5%
Q3 24
23.3%
-12.1%
Q2 24
19.8%
-13.0%
Q1 24
20.2%
-33.4%
EPS (diluted)
MPWR
MPWR
ONC
ONC
Q4 25
$3.50
$0.05
Q3 25
$3.74
$0.08
Q2 25
$2.81
$0.06
Q1 25
$2.81
$0.00
Q4 24
$25.71
$-0.10
Q3 24
$2.95
$-0.09
Q2 24
$2.05
$-0.09
Q1 24
$1.89
$-0.19

Balance Sheet & Financial Strength

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

Metric
MPWR
MPWR
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$1.3B
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$3.5B
$4.4B
Total Assets
$4.2B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
ONC
ONC
Q4 25
$1.3B
$4.5B
Q3 25
$1.3B
$4.0B
Q2 25
$1.1B
$2.8B
Q1 25
$1.0B
$2.5B
Q4 24
$862.9M
$2.6B
Q3 24
$1.5B
$2.7B
Q2 24
$1.3B
$2.6B
Q1 24
$1.3B
$2.8B
Total Debt
MPWR
MPWR
ONC
ONC
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MPWR
MPWR
ONC
ONC
Q4 25
$3.5B
$4.4B
Q3 25
$3.4B
$4.1B
Q2 25
$3.2B
$3.8B
Q1 25
$3.1B
$3.5B
Q4 24
$3.0B
$3.3B
Q3 24
$2.4B
$3.4B
Q2 24
$2.2B
$3.4B
Q1 24
$2.1B
$3.4B
Total Assets
MPWR
MPWR
ONC
ONC
Q4 25
$4.2B
$8.2B
Q3 25
$4.1B
$7.6B
Q2 25
$3.9B
$6.3B
Q1 25
$3.7B
$5.8B
Q4 24
$3.5B
$5.9B
Q3 24
$2.9B
$5.8B
Q2 24
$2.6B
$5.7B
Q1 24
$2.6B
$5.7B
Debt / Equity
MPWR
MPWR
ONC
ONC
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
ONC
ONC
Operating Cash FlowLast quarter
$104.9M
$417.3M
Free Cash FlowOCF − Capex
$63.9M
$379.8M
FCF MarginFCF / Revenue
8.5%
25.4%
Capex IntensityCapex / Revenue
5.5%
2.5%
Cash ConversionOCF / Net Profit
0.61×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$666.2M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
ONC
ONC
Q4 25
$104.9M
$417.3M
Q3 25
$239.3M
$402.6M
Q2 25
$237.6M
$263.6M
Q1 25
$256.4M
$44.1M
Q4 24
$167.7M
$75.2M
Q3 24
$231.7M
$188.4M
Q2 24
$141.0M
$-95.6M
Q1 24
$248.1M
$-308.6M
Free Cash Flow
MPWR
MPWR
ONC
ONC
Q4 25
$63.9M
$379.8M
Q3 25
$196.8M
$354.5M
Q2 25
$189.5M
$219.8M
Q1 25
$216.0M
$-12.3M
Q4 24
$102.9M
$-17.3M
Q3 24
$197.9M
$54.7M
Q2 24
$109.5M
$-205.5M
Q1 24
$232.1M
$-465.1M
FCF Margin
MPWR
MPWR
ONC
ONC
Q4 25
8.5%
25.4%
Q3 25
26.7%
25.1%
Q2 25
28.5%
16.7%
Q1 25
33.9%
-1.1%
Q4 24
16.5%
-1.5%
Q3 24
31.9%
5.5%
Q2 24
21.6%
-22.1%
Q1 24
50.7%
-61.9%
Capex Intensity
MPWR
MPWR
ONC
ONC
Q4 25
5.5%
2.5%
Q3 25
5.8%
3.4%
Q2 25
7.2%
3.3%
Q1 25
6.3%
5.0%
Q4 24
10.4%
8.2%
Q3 24
5.5%
13.3%
Q2 24
6.2%
11.8%
Q1 24
3.5%
20.8%
Cash Conversion
MPWR
MPWR
ONC
ONC
Q4 25
0.61×
6.28×
Q3 25
1.33×
3.22×
Q2 25
1.76×
2.79×
Q1 25
1.90×
34.71×
Q4 24
0.13×
Q3 24
1.60×
Q2 24
1.40×
Q1 24
2.68×

Financial Flow Comparison

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

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