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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $751.2M, roughly 1.8× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 22.9% vs 4.4%, a 18.5% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 18.4%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs 20.5%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
MPWR vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.2M | $1.4B |
| Net Profit | $171.7M | $59.7M |
| Gross Margin | 55.2% | — |
| Operating Margin | 26.6% | 7.0% |
| Net Margin | 22.9% | 4.4% |
| Revenue YoY | 20.8% | 18.4% |
| Net Profit YoY | -86.3% | 3022.5% |
| EPS (diluted) | $3.50 | $0.42 |
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.
| Q4 25 | $751.2M | $1.4B | ||
| Q3 25 | $737.2M | $1.3B | ||
| Q2 25 | $664.6M | $1.3B | ||
| Q1 25 | $637.6M | $1.3B | ||
| Q4 24 | $621.7M | $1.1B | ||
| Q3 24 | $620.1M | $1.0B | ||
| Q2 24 | $507.4M | $981.4M | ||
| Q1 24 | $457.9M | $934.3M |
| Q4 25 | $171.7M | $59.7M | ||
| Q3 25 | $179.8M | $52.4M | ||
| Q2 25 | $135.0M | $51.0M | ||
| Q1 25 | $135.1M | $28.5M | ||
| Q4 24 | $1.3B | $1.9M | ||
| Q3 24 | $144.4M | $15.6M | ||
| Q2 24 | $100.4M | $-10.9M | ||
| Q1 24 | $92.5M | $49.1M |
| Q4 25 | 55.2% | — | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 55.1% | — | ||
| Q1 25 | 55.4% | — | ||
| Q4 24 | 55.4% | — | ||
| Q3 24 | 55.4% | 17.1% | ||
| Q2 24 | 55.3% | 22.3% | ||
| Q1 24 | 55.1% | 21.2% |
| Q4 25 | 26.6% | 7.0% | ||
| Q3 25 | 26.5% | 6.4% | ||
| Q2 25 | 24.8% | 6.2% | ||
| Q1 25 | 26.5% | 3.8% | ||
| Q4 24 | 26.3% | 1.7% | ||
| Q3 24 | 26.5% | 2.2% | ||
| Q2 24 | 23.0% | 0.1% | ||
| Q1 24 | 20.9% | 8.6% |
| Q4 25 | 22.9% | 4.4% | ||
| Q3 25 | 24.4% | 3.9% | ||
| Q2 25 | 20.3% | 3.9% | ||
| Q1 25 | 21.2% | 2.2% | ||
| Q4 24 | 201.8% | 0.2% | ||
| Q3 24 | 23.3% | 1.5% | ||
| Q2 24 | 19.8% | -1.1% | ||
| Q1 24 | 20.2% | 5.3% |
| Q4 25 | $3.50 | $0.42 | ||
| Q3 25 | $3.74 | $0.32 | ||
| Q2 25 | $2.81 | $0.31 | ||
| Q1 25 | $2.81 | $0.17 | ||
| Q4 24 | $25.71 | $-0.03 | ||
| Q3 24 | $2.95 | $0.10 | ||
| Q2 24 | $2.05 | $-0.07 | ||
| Q1 24 | $1.89 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $3.5B | $946.8M |
| Total Assets | $4.2B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $197.0M | ||
| Q3 25 | $1.3B | $355.7M | ||
| Q2 25 | $1.1B | $294.2M | ||
| Q1 25 | $1.0B | $287.5M | ||
| Q4 24 | $862.9M | $157.7M | ||
| Q3 24 | $1.5B | $49.5M | ||
| Q2 24 | $1.3B | $73.4M | ||
| Q1 24 | $1.3B | $81.2M |
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $946.8M | ||
| Q3 25 | $3.4B | $871.3M | ||
| Q2 25 | $3.2B | $806.8M | ||
| Q1 25 | $3.1B | $750.2M | ||
| Q4 24 | $3.0B | $709.6M | ||
| Q3 24 | $2.4B | $660.0M | ||
| Q2 24 | $2.2B | $572.1M | ||
| Q1 24 | $2.1B | $128.0M |
| Q4 25 | $4.2B | $5.6B | ||
| Q3 25 | $4.1B | $5.6B | ||
| Q2 25 | $3.9B | $5.5B | ||
| Q1 25 | $3.7B | $5.5B | ||
| Q4 24 | $3.5B | $5.2B | ||
| Q3 24 | $2.9B | $4.5B | ||
| Q2 24 | $2.6B | $3.9B | ||
| Q1 24 | $2.6B | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $104.9M | $-3.4M |
| Free Cash FlowOCF − Capex | $63.9M | — |
| FCF MarginFCF / Revenue | 8.5% | — |
| Capex IntensityCapex / Revenue | 5.5% | — |
| Cash ConversionOCF / Net Profit | 0.61× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $666.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.9M | $-3.4M | ||
| Q3 25 | $239.3M | $204.8M | ||
| Q2 25 | $237.6M | $52.6M | ||
| Q1 25 | $256.4M | $150.2M | ||
| Q4 24 | $167.7M | $64.6M | ||
| Q3 24 | $231.7M | $209.2M | ||
| Q2 24 | $141.0M | $34.8M | ||
| Q1 24 | $248.1M | $58.8M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 0.61× | -0.06× | ||
| Q3 25 | 1.33× | 3.91× | ||
| Q2 25 | 1.76× | 1.03× | ||
| Q1 25 | 1.90× | 5.28× | ||
| Q4 24 | 0.13× | 33.78× | ||
| Q3 24 | 1.60× | 13.39× | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | 2.68× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
