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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $385.6M, roughly 1.9× Skyward Specialty Insurance Group, Inc.). Monolithic Power Systems runs the higher net margin — 22.9% vs 11.2%, a 11.6% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 20.8%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $63.9M). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs 20.6%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
MPWR vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.2M | $385.6M |
| Net Profit | $171.7M | $43.2M |
| Gross Margin | 55.2% | — |
| Operating Margin | 26.6% | 14.2% |
| Net Margin | 22.9% | 11.2% |
| Revenue YoY | 20.8% | 26.7% |
| Net Profit YoY | -86.3% | 200.1% |
| EPS (diluted) | $3.50 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $737.2M | $382.5M | ||
| Q2 25 | $664.6M | $319.9M | ||
| Q1 25 | $637.6M | $328.5M | ||
| Q4 24 | $621.7M | $304.4M | ||
| Q3 24 | $620.1M | $300.9M | ||
| Q2 24 | $507.4M | $279.9M | ||
| Q1 24 | $457.9M | $265.0M |
| Q4 25 | $171.7M | $43.2M | ||
| Q3 25 | $179.8M | $45.9M | ||
| Q2 25 | $135.0M | $38.8M | ||
| Q1 25 | $135.1M | $42.1M | ||
| Q4 24 | $1.3B | $14.4M | ||
| Q3 24 | $144.4M | $36.7M | ||
| Q2 24 | $100.4M | $31.0M | ||
| Q1 24 | $92.5M | $36.8M |
| 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% | — |
| Q4 25 | 26.6% | 14.2% | ||
| Q3 25 | 26.5% | 15.8% | ||
| Q2 25 | 24.8% | 15.6% | ||
| Q1 25 | 26.5% | 15.7% | ||
| Q4 24 | 26.3% | 6.1% | ||
| Q3 24 | 26.5% | 15.6% | ||
| Q2 24 | 23.0% | 14.4% | ||
| Q1 24 | 20.9% | 17.7% |
| Q4 25 | 22.9% | 11.2% | ||
| Q3 25 | 24.4% | 12.0% | ||
| Q2 25 | 20.3% | 12.1% | ||
| Q1 25 | 21.2% | 12.8% | ||
| Q4 24 | 201.8% | 4.7% | ||
| Q3 24 | 23.3% | 12.2% | ||
| Q2 24 | 19.8% | 11.1% | ||
| Q1 24 | 20.2% | 13.9% |
| Q4 25 | $3.50 | $1.03 | ||
| Q3 25 | $3.74 | $1.10 | ||
| Q2 25 | $2.81 | $0.93 | ||
| Q1 25 | $2.81 | $1.01 | ||
| Q4 24 | $25.71 | $0.33 | ||
| Q3 24 | $2.95 | $0.89 | ||
| Q2 24 | $2.05 | $0.75 | ||
| Q1 24 | $1.89 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $1.0B |
| Total Assets | $4.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $168.5M | ||
| Q3 25 | $1.3B | $160.1M | ||
| Q2 25 | $1.1B | $136.6M | ||
| Q1 25 | $1.0B | $112.9M | ||
| Q4 24 | $862.9M | $121.6M | ||
| Q3 24 | $1.5B | $105.6M | ||
| Q2 24 | $1.3B | $73.0M | ||
| Q1 24 | $1.3B | $85.1M |
| Q4 25 | $3.5B | $1.0B | ||
| Q3 25 | $3.4B | $961.4M | ||
| Q2 25 | $3.2B | $899.9M | ||
| Q1 25 | $3.1B | $850.7M | ||
| Q4 24 | $3.0B | $794.0M | ||
| Q3 24 | $2.4B | $797.5M | ||
| Q2 24 | $2.2B | $723.6M | ||
| Q1 24 | $2.1B | $692.3M |
| Q4 25 | $4.2B | $4.8B | ||
| Q3 25 | $4.1B | $4.6B | ||
| Q2 25 | $3.9B | $4.3B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.5B | $3.7B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $2.6B | $3.4B | ||
| Q1 24 | $2.6B | $3.2B |
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 | $408.1M |
| Free Cash FlowOCF − Capex | $63.9M | $402.6M |
| FCF MarginFCF / Revenue | 8.5% | 104.4% |
| Capex IntensityCapex / Revenue | 5.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.61× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $666.2M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.9M | $408.1M | ||
| Q3 25 | $239.3M | $171.4M | ||
| Q2 25 | $237.6M | $88.2M | ||
| Q1 25 | $256.4M | $96.8M | ||
| Q4 24 | $167.7M | $305.1M | ||
| Q3 24 | $231.7M | $168.0M | ||
| Q2 24 | $141.0M | $21.0M | ||
| Q1 24 | $248.1M | $94.3M |
| Q4 25 | $63.9M | $402.6M | ||
| Q3 25 | $196.8M | $168.9M | ||
| Q2 25 | $189.5M | $87.1M | ||
| Q1 25 | $216.0M | $96.6M | ||
| Q4 24 | $102.9M | $300.9M | ||
| Q3 24 | $197.9M | $167.6M | ||
| Q2 24 | $109.5M | $18.4M | ||
| Q1 24 | $232.1M | $94.0M |
| Q4 25 | 8.5% | 104.4% | ||
| Q3 25 | 26.7% | 44.2% | ||
| Q2 25 | 28.5% | 27.2% | ||
| Q1 25 | 33.9% | 29.4% | ||
| Q4 24 | 16.5% | 98.8% | ||
| Q3 24 | 31.9% | 55.7% | ||
| Q2 24 | 21.6% | 6.6% | ||
| Q1 24 | 50.7% | 35.5% |
| Q4 25 | 5.5% | 1.4% | ||
| Q3 25 | 5.8% | 0.6% | ||
| Q2 25 | 7.2% | 0.3% | ||
| Q1 25 | 6.3% | 0.1% | ||
| Q4 24 | 10.4% | 1.4% | ||
| Q3 24 | 5.5% | 0.1% | ||
| Q2 24 | 6.2% | 0.9% | ||
| Q1 24 | 3.5% | 0.1% |
| Q4 25 | 0.61× | 9.44× | ||
| Q3 25 | 1.33× | 3.73× | ||
| Q2 25 | 1.76× | 2.27× | ||
| Q1 25 | 1.90× | 2.30× | ||
| Q4 24 | 0.13× | 21.18× | ||
| Q3 24 | 1.60× | 4.58× | ||
| Q2 24 | 1.40× | 0.68× | ||
| Q1 24 | 2.68× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
