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

Public Storage is the larger business by last-quarter revenue ($1.2B vs $751.2M, roughly 1.6× Monolithic Power Systems). Public Storage runs the higher net margin — 41.7% vs 22.9%, a 18.9% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 3.3%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs 2.5%).

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

Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.

MPWR vs PSA — Head-to-Head

Bigger by revenue
PSA
PSA
1.6× larger
PSA
$1.2B
$751.2M
MPWR
Growing faster (revenue YoY)
MPWR
MPWR
+17.6% gap
MPWR
20.8%
3.3%
PSA
Higher net margin
PSA
PSA
18.9% more per $
PSA
41.7%
22.9%
MPWR
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
28.1%
2.5%
PSA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPWR
MPWR
PSA
PSA
Revenue
$751.2M
$1.2B
Net Profit
$171.7M
$507.1M
Gross Margin
55.2%
Operating Margin
26.6%
40.7%
Net Margin
22.9%
41.7%
Revenue YoY
20.8%
3.3%
Net Profit YoY
-86.3%
-17.5%
EPS (diluted)
$3.50
$2.59

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
PSA
PSA
Q4 25
$751.2M
$1.2B
Q3 25
$737.2M
$1.2B
Q2 25
$664.6M
$1.2B
Q1 25
$637.6M
$1.2B
Q4 24
$621.7M
$1.2B
Q3 24
$620.1M
$1.2B
Q2 24
$507.4M
$1.2B
Q1 24
$457.9M
$1.2B
Net Profit
MPWR
MPWR
PSA
PSA
Q4 25
$171.7M
$507.1M
Q3 25
$179.8M
$511.1M
Q2 25
$135.0M
$358.4M
Q1 25
$135.1M
$407.8M
Q4 24
$1.3B
$614.6M
Q3 24
$144.4M
$430.3M
Q2 24
$100.4M
$518.1M
Q1 24
$92.5M
$508.9M
Gross Margin
MPWR
MPWR
PSA
PSA
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
PSA
PSA
Q4 25
26.6%
40.7%
Q3 25
26.5%
42.3%
Q2 25
24.8%
30.4%
Q1 25
26.5%
34.8%
Q4 24
26.3%
52.4%
Q3 24
26.5%
36.7%
Q2 24
23.0%
44.6%
Q1 24
20.9%
44.3%
Net Margin
MPWR
MPWR
PSA
PSA
Q4 25
22.9%
41.7%
Q3 25
24.4%
41.8%
Q2 25
20.3%
29.8%
Q1 25
21.2%
34.5%
Q4 24
201.8%
52.2%
Q3 24
23.3%
36.2%
Q2 24
19.8%
44.2%
Q1 24
20.2%
44.0%
EPS (diluted)
MPWR
MPWR
PSA
PSA
Q4 25
$3.50
$2.59
Q3 25
$3.74
$2.62
Q2 25
$2.81
$1.76
Q1 25
$2.81
$2.04
Q4 24
$25.71
$3.22
Q3 24
$2.95
$2.16
Q2 24
$2.05
$2.66
Q1 24
$1.89
$2.60

Balance Sheet & Financial Strength

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

Metric
MPWR
MPWR
PSA
PSA
Cash + ST InvestmentsLiquidity on hand
$1.3B
$318.1M
Total DebtLower is stronger
$10.3B
Stockholders' EquityBook value
$3.5B
$9.2B
Total Assets
$4.2B
$20.2B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
PSA
PSA
Q4 25
$1.3B
$318.1M
Q3 25
$1.3B
$296.5M
Q2 25
$1.1B
$1.1B
Q1 25
$1.0B
$287.2M
Q4 24
$862.9M
$447.4M
Q3 24
$1.5B
$599.0M
Q2 24
$1.3B
$542.3M
Q1 24
$1.3B
$271.6M
Total Debt
MPWR
MPWR
PSA
PSA
Q4 25
$10.3B
Q3 25
$10.0B
Q2 25
$10.4B
Q1 25
$9.4B
Q4 24
$9.4B
Q3 24
$9.5B
Q2 24
$9.4B
Q1 24
$9.1B
Stockholders' Equity
MPWR
MPWR
PSA
PSA
Q4 25
$3.5B
$9.2B
Q3 25
$3.4B
$9.3B
Q2 25
$3.2B
$9.4B
Q1 25
$3.1B
$9.6B
Q4 24
$3.0B
$9.7B
Q3 24
$2.4B
$9.6B
Q2 24
$2.2B
$9.7B
Q1 24
$2.1B
$9.9B
Total Assets
MPWR
MPWR
PSA
PSA
Q4 25
$4.2B
$20.2B
Q3 25
$4.1B
$20.1B
Q2 25
$3.9B
$20.5B
Q1 25
$3.7B
$19.6B
Q4 24
$3.5B
$19.8B
Q3 24
$2.9B
$19.8B
Q2 24
$2.6B
$19.8B
Q1 24
$2.6B
$19.6B
Debt / Equity
MPWR
MPWR
PSA
PSA
Q4 25
1.11×
Q3 25
1.08×
Q2 25
1.11×
Q1 25
0.99×
Q4 24
0.96×
Q3 24
0.99×
Q2 24
0.97×
Q1 24
0.91×

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
PSA
PSA
Operating Cash FlowLast quarter
$104.9M
$733.6M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.61×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
PSA
PSA
Q4 25
$104.9M
$733.6M
Q3 25
$239.3M
$875.1M
Q2 25
$237.6M
$872.7M
Q1 25
$256.4M
$705.1M
Q4 24
$167.7M
$768.6M
Q3 24
$231.7M
$798.8M
Q2 24
$141.0M
$895.3M
Q1 24
$248.1M
$665.6M
Free Cash Flow
MPWR
MPWR
PSA
PSA
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
FCF Margin
MPWR
MPWR
PSA
PSA
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%
Capex Intensity
MPWR
MPWR
PSA
PSA
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%
Cash Conversion
MPWR
MPWR
PSA
PSA
Q4 25
0.61×
1.45×
Q3 25
1.33×
1.71×
Q2 25
1.76×
2.43×
Q1 25
1.90×
1.73×
Q4 24
0.13×
1.25×
Q3 24
1.60×
1.86×
Q2 24
1.40×
1.73×
Q1 24
2.68×
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPWR
MPWR

Segment breakdown not available.

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

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