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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and Polestar Automotive Holding UK PLC (PSNY). Click either name above to swap in a different company.

Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $685.2M, roughly 1.1× Polestar Automotive Holding UK PLC). Monolithic Power Systems runs the higher net margin — 22.9% vs -44.4%, a 67.2% gap on every dollar of revenue. Monolithic Power Systems produced more free cash flow last quarter ($63.9M vs $-709.7M).

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

Polestar Automotive Holding UK PLC, or simply Polestar, is a Swedish automotive manufacturer that produces electric cars. Principally owned by Li Shufu's PSD Investment, Geely Holding and Volvo Cars, the company is headquartered in Torslanda, outside Gothenburg, Sweden. With an "asset-light" approach in development and manufacturing, Polestar does not have its own manufacturing facility; instead it produces cars in facilities controlled by Volvo or Geely in several countries, including China,...

MPWR vs PSNY — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.1× larger
MPWR
$751.2M
$685.2M
PSNY
Higher net margin
MPWR
MPWR
67.2% more per $
MPWR
22.9%
-44.4%
PSNY
More free cash flow
MPWR
MPWR
$773.6M more FCF
MPWR
$63.9M
$-709.7M
PSNY

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
MPWR
MPWR
PSNY
PSNY
Revenue
$751.2M
$685.2M
Net Profit
$171.7M
$-304.1M
Gross Margin
55.2%
-0.1%
Operating Margin
26.6%
-72.6%
Net Margin
22.9%
-44.4%
Revenue YoY
20.8%
Net Profit YoY
-86.3%
EPS (diluted)
$3.50
$-0.14

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.

Revenue
MPWR
MPWR
PSNY
PSNY
Q4 25
$751.2M
Q3 25
$737.2M
Q2 25
$664.6M
Q1 25
$637.6M
Q4 24
$621.7M
Q3 24
$620.1M
Q2 24
$507.4M
Q1 24
$457.9M
Net Profit
MPWR
MPWR
PSNY
PSNY
Q4 25
$171.7M
Q3 25
$179.8M
Q2 25
$135.0M
Q1 25
$135.1M
Q4 24
$1.3B
Q3 24
$144.4M
Q2 24
$100.4M
Q1 24
$92.5M
Gross Margin
MPWR
MPWR
PSNY
PSNY
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
PSNY
PSNY
Q4 25
26.6%
Q3 25
26.5%
Q2 25
24.8%
Q1 25
26.5%
Q4 24
26.3%
Q3 24
26.5%
Q2 24
23.0%
Q1 24
20.9%
Net Margin
MPWR
MPWR
PSNY
PSNY
Q4 25
22.9%
Q3 25
24.4%
Q2 25
20.3%
Q1 25
21.2%
Q4 24
201.8%
Q3 24
23.3%
Q2 24
19.8%
Q1 24
20.2%
EPS (diluted)
MPWR
MPWR
PSNY
PSNY
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
PSNY
PSNY
Cash + ST InvestmentsLiquidity on hand
$1.3B
$1.1B
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$3.5B
$-456.3M
Total Assets
$4.2B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
PSNY
PSNY
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$862.9M
Q3 24
$1.5B
Q2 24
$1.3B
Q1 24
$1.3B
Stockholders' Equity
MPWR
MPWR
PSNY
PSNY
Q4 25
$3.5B
Q3 25
$3.4B
Q2 25
$3.2B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$2.4B
Q2 24
$2.2B
Q1 24
$2.1B
Total Assets
MPWR
MPWR
PSNY
PSNY
Q4 25
$4.2B
Q3 25
$4.1B
Q2 25
$3.9B
Q1 25
$3.7B
Q4 24
$3.5B
Q3 24
$2.9B
Q2 24
$2.6B
Q1 24
$2.6B

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
PSNY
PSNY
Operating Cash FlowLast quarter
$104.9M
$-666.7M
Free Cash FlowOCF − Capex
$63.9M
$-709.7M
FCF MarginFCF / Revenue
8.5%
-103.6%
Capex IntensityCapex / Revenue
5.5%
6.3%
Cash ConversionOCF / Net Profit
0.61×
TTM Free Cash FlowTrailing 4 quarters
$666.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
PSNY
PSNY
Q4 25
$104.9M
Q3 25
$239.3M
Q2 25
$237.6M
Q1 25
$256.4M
Q4 24
$167.7M
Q3 24
$231.7M
Q2 24
$141.0M
Q1 24
$248.1M
Free Cash Flow
MPWR
MPWR
PSNY
PSNY
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
PSNY
PSNY
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
PSNY
PSNY
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
PSNY
PSNY
Q4 25
0.61×
Q3 25
1.33×
Q2 25
1.76×
Q1 25
1.90×
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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