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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.

Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $531.4M, roughly 1.4× PJT Partners Inc.). Monolithic Power Systems runs the higher net margin — 22.9% vs 10.0%, a 12.8% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 12.9%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $63.9M). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs 27.5%).

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

MPWR vs PJT — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.4× larger
MPWR
$751.2M
$531.4M
PJT
Growing faster (revenue YoY)
MPWR
MPWR
+7.9% gap
MPWR
20.8%
12.9%
PJT
Higher net margin
MPWR
MPWR
12.8% more per $
MPWR
22.9%
10.0%
PJT
More free cash flow
PJT
PJT
$74.7M more FCF
PJT
$138.6M
$63.9M
MPWR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
28.1%
27.5%
PJT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPWR
MPWR
PJT
PJT
Revenue
$751.2M
$531.4M
Net Profit
$171.7M
$53.4M
Gross Margin
55.2%
Operating Margin
26.6%
23.1%
Net Margin
22.9%
10.0%
Revenue YoY
20.8%
12.9%
Net Profit YoY
-86.3%
4.0%
EPS (diluted)
$3.50

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
PJT
PJT
Q4 25
$751.2M
$531.4M
Q3 25
$737.2M
$442.3M
Q2 25
$664.6M
$401.1M
Q1 25
$637.6M
$321.9M
Q4 24
$621.7M
$470.5M
Q3 24
$620.1M
$320.3M
Q2 24
$507.4M
$358.1M
Q1 24
$457.9M
$327.1M
Net Profit
MPWR
MPWR
PJT
PJT
Q4 25
$171.7M
$53.4M
Q3 25
$179.8M
$39.8M
Q2 25
$135.0M
$32.9M
Q1 25
$135.1M
$54.0M
Q4 24
$1.3B
$51.3M
Q3 24
$144.4M
$22.1M
Q2 24
$100.4M
$28.3M
Q1 24
$92.5M
$32.6M
Gross Margin
MPWR
MPWR
PJT
PJT
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 24
55.1%
Operating Margin
MPWR
MPWR
PJT
PJT
Q4 25
26.6%
23.1%
Q3 25
26.5%
20.6%
Q2 25
24.8%
19.1%
Q1 25
26.5%
16.3%
Q4 24
26.3%
21.9%
Q3 24
26.5%
15.4%
Q2 24
23.0%
18.0%
Q1 24
20.9%
16.5%
Net Margin
MPWR
MPWR
PJT
PJT
Q4 25
22.9%
10.0%
Q3 25
24.4%
9.0%
Q2 25
20.3%
8.2%
Q1 25
21.2%
16.8%
Q4 24
201.8%
10.9%
Q3 24
23.3%
6.9%
Q2 24
19.8%
7.9%
Q1 24
20.2%
10.0%
EPS (diluted)
MPWR
MPWR
PJT
PJT
Q4 25
$3.50
Q3 25
$3.74
Q2 25
$2.81
Q1 25
$2.81
Q4 24
$25.71
Q3 24
$2.95
Q2 24
$2.05
Q1 24
$1.89

Balance Sheet & Financial Strength

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

Metric
MPWR
MPWR
PJT
PJT
Cash + ST InvestmentsLiquidity on hand
$1.3B
$538.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$308.2M
Total Assets
$4.2B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
PJT
PJT
Q4 25
$1.3B
$538.9M
Q3 25
$1.3B
$400.5M
Q2 25
$1.1B
$214.6M
Q1 25
$1.0B
$194.3M
Q4 24
$862.9M
$483.9M
Q3 24
$1.5B
$148.8M
Q2 24
$1.3B
$164.2M
Q1 24
$1.3B
$215.5M
Stockholders' Equity
MPWR
MPWR
PJT
PJT
Q4 25
$3.5B
$308.2M
Q3 25
$3.4B
$228.6M
Q2 25
$3.2B
$167.4M
Q1 25
$3.1B
$148.8M
Q4 24
$3.0B
$187.0M
Q3 24
$2.4B
$159.1M
Q2 24
$2.2B
$133.8M
Q1 24
$2.1B
$174.6M
Total Assets
MPWR
MPWR
PJT
PJT
Q4 25
$4.2B
$1.8B
Q3 25
$4.1B
$1.7B
Q2 25
$3.9B
$1.5B
Q1 25
$3.7B
$1.4B
Q4 24
$3.5B
$1.6B
Q3 24
$2.9B
$1.6B
Q2 24
$2.6B
$1.4B
Q1 24
$2.6B
$1.3B

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
PJT
PJT
Operating Cash FlowLast quarter
$104.9M
$155.7M
Free Cash FlowOCF − Capex
$63.9M
$138.6M
FCF MarginFCF / Revenue
8.5%
26.1%
Capex IntensityCapex / Revenue
5.5%
3.2%
Cash ConversionOCF / Net Profit
0.61×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$666.2M
$480.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
PJT
PJT
Q4 25
$104.9M
$155.7M
Q3 25
$239.3M
$256.1M
Q2 25
$237.6M
$190.4M
Q1 25
$256.4M
$-75.9M
Q4 24
$167.7M
$195.7M
Q3 24
$231.7M
$180.5M
Q2 24
$141.0M
$193.6M
Q1 24
$248.1M
$-38.8M
Free Cash Flow
MPWR
MPWR
PJT
PJT
Q4 25
$63.9M
$138.6M
Q3 25
$196.8M
$240.9M
Q2 25
$189.5M
$178.9M
Q1 25
$216.0M
$-77.9M
Q4 24
$102.9M
$195.3M
Q3 24
$197.9M
$178.5M
Q2 24
$109.5M
$193.0M
Q1 24
$232.1M
$-39.2M
FCF Margin
MPWR
MPWR
PJT
PJT
Q4 25
8.5%
26.1%
Q3 25
26.7%
54.5%
Q2 25
28.5%
44.6%
Q1 25
33.9%
-24.2%
Q4 24
16.5%
41.5%
Q3 24
31.9%
55.7%
Q2 24
21.6%
53.9%
Q1 24
50.7%
-12.0%
Capex Intensity
MPWR
MPWR
PJT
PJT
Q4 25
5.5%
3.2%
Q3 25
5.8%
3.4%
Q2 25
7.2%
2.9%
Q1 25
6.3%
0.6%
Q4 24
10.4%
0.1%
Q3 24
5.5%
0.6%
Q2 24
6.2%
0.1%
Q1 24
3.5%
0.1%
Cash Conversion
MPWR
MPWR
PJT
PJT
Q4 25
0.61×
2.92×
Q3 25
1.33×
6.43×
Q2 25
1.76×
5.79×
Q1 25
1.90×
-1.41×
Q4 24
0.13×
3.81×
Q3 24
1.60×
8.15×
Q2 24
1.40×
6.84×
Q1 24
2.68×
-1.19×

Financial Flow Comparison

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

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