vs
Side-by-side financial comparison of Monolithic Power Systems (MPWR) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $804.2M, roughly 1.1× Monolithic Power Systems). On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 6.7%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 1.5%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
MPWR vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $804.2M | $889.0M |
| Net Profit | $193.2M | — |
| Gross Margin | 55.3% | 21.7% |
| Operating Margin | 30.0% | 7.8% |
| Net Margin | 24.0% | — |
| Revenue YoY | 26.1% | 6.7% |
| Net Profit YoY | 43.1% | — |
| EPS (diluted) | $3.92 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $737.2M | $908.0M | ||
| Q2 25 | $664.6M | $890.0M | ||
| Q1 25 | $637.6M | $796.0M | ||
| Q4 24 | $621.7M | $833.0M | ||
| Q3 24 | $620.1M | $839.0M | ||
| Q2 24 | $507.4M | $868.0M |
| Q1 26 | $193.2M | — | ||
| Q4 25 | $171.7M | — | ||
| Q3 25 | $179.8M | $13.0M | ||
| Q2 25 | $135.0M | $46.0M | ||
| Q1 25 | $135.1M | $26.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $144.4M | $31.0M | ||
| Q2 24 | $100.4M | $14.0M |
| Q1 26 | 55.3% | — | ||
| Q4 25 | 55.2% | 21.7% | ||
| Q3 25 | 55.1% | 22.0% | ||
| Q2 25 | 55.1% | 22.1% | ||
| Q1 25 | 55.4% | 21.6% | ||
| Q4 24 | 55.4% | 22.7% | ||
| Q3 24 | 55.4% | 22.3% | ||
| Q2 24 | 55.3% | 21.7% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 26.6% | 7.8% | ||
| Q3 25 | 26.5% | 3.7% | ||
| Q2 25 | 24.8% | 10.0% | ||
| Q1 25 | 26.5% | 7.8% | ||
| Q4 24 | 26.3% | 6.1% | ||
| Q3 24 | 26.5% | 7.9% | ||
| Q2 24 | 23.0% | 8.2% |
| Q1 26 | 24.0% | — | ||
| Q4 25 | 22.9% | — | ||
| Q3 25 | 24.4% | 1.4% | ||
| Q2 25 | 20.3% | 5.2% | ||
| Q1 25 | 21.2% | 3.3% | ||
| Q4 24 | 201.8% | — | ||
| Q3 24 | 23.3% | 3.7% | ||
| Q2 24 | 19.8% | 1.6% |
| Q1 26 | $3.92 | — | ||
| Q4 25 | $3.50 | $1.14 | ||
| Q3 25 | $3.74 | $0.33 | ||
| Q2 25 | $2.81 | $1.14 | ||
| Q1 25 | $2.81 | $0.63 | ||
| Q4 24 | $25.71 | $0.13 | ||
| Q3 24 | $2.95 | $0.70 | ||
| Q2 24 | $2.05 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $3.7B | $1.6B |
| Total Assets | $4.4B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $359.0M | ||
| Q3 25 | $1.3B | $349.0M | ||
| Q2 25 | $1.1B | $347.0M | ||
| Q1 25 | $1.0B | $373.0M | ||
| Q4 24 | $862.9M | $484.0M | ||
| Q3 24 | $1.5B | $477.0M | ||
| Q2 24 | $1.3B | $339.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.6B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.0B | $1.6B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.2B | $1.7B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $3.8B | ||
| Q3 25 | $4.1B | $4.0B | ||
| Q2 25 | $3.9B | $3.9B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | $2.9B | $4.0B | ||
| Q2 24 | $2.6B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× |
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 | — | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $96.0M | ||
| Q3 25 | $239.3M | $119.0M | ||
| Q2 25 | $237.6M | $57.0M | ||
| Q1 25 | $256.4M | $40.0M | ||
| Q4 24 | $167.7M | $73.0M | ||
| Q3 24 | $231.7M | $95.0M | ||
| Q2 24 | $141.0M | $109.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $67.0M | ||
| Q3 25 | $196.8M | $93.0M | ||
| Q2 25 | $189.5M | $23.0M | ||
| Q1 25 | $216.0M | $5.0M | ||
| Q4 24 | $102.9M | $53.0M | ||
| Q3 24 | $197.9M | $70.0M | ||
| Q2 24 | $109.5M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 7.5% | ||
| Q3 25 | 26.7% | 10.2% | ||
| Q2 25 | 28.5% | 2.6% | ||
| Q1 25 | 33.9% | 0.6% | ||
| Q4 24 | 16.5% | 6.4% | ||
| Q3 24 | 31.9% | 8.3% | ||
| Q2 24 | 21.6% | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 3.3% | ||
| Q3 25 | 5.8% | 2.9% | ||
| Q2 25 | 7.2% | 3.8% | ||
| Q1 25 | 6.3% | 4.4% | ||
| Q4 24 | 10.4% | 2.4% | ||
| Q3 24 | 5.5% | 3.0% | ||
| Q2 24 | 6.2% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 1.33× | 9.15× | ||
| Q2 25 | 1.76× | 1.24× | ||
| Q1 25 | 1.90× | 1.54× | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 1.60× | 3.06× | ||
| Q2 24 | 1.40× | 7.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPWR
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
