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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($751.2M vs $376.9M, roughly 2.0× TRUPANION, INC.). On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 11.7%). Monolithic Power Systems produced more free cash flow last quarter ($63.9M vs $25.3M). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs 11.0%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
MPWR vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $751.2M | $376.9M |
| Net Profit | $171.7M | — |
| Gross Margin | 55.2% | 17.3% |
| Operating Margin | 26.6% | 1.9% |
| Net Margin | 22.9% | — |
| Revenue YoY | 20.8% | 11.7% |
| Net Profit YoY | -86.3% | — |
| EPS (diluted) | $3.50 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $737.2M | $366.9M | ||
| Q2 25 | $664.6M | $353.6M | ||
| Q1 25 | $637.6M | $342.0M | ||
| Q4 24 | $621.7M | $337.3M | ||
| Q3 24 | $620.1M | $327.5M | ||
| Q2 24 | $507.4M | $314.8M | ||
| Q1 24 | $457.9M | $306.1M |
| 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 | — |
| Q4 25 | 55.2% | 17.3% | ||
| Q3 25 | 55.1% | 16.4% | ||
| Q2 25 | 55.1% | 15.5% | ||
| Q1 25 | 55.4% | 14.9% | ||
| Q4 24 | 55.4% | 15.7% | ||
| Q3 24 | 55.4% | 15.1% | ||
| Q2 24 | 55.3% | 12.8% | ||
| Q1 24 | 55.1% | 11.8% |
| Q4 25 | 26.6% | 1.9% | ||
| Q3 25 | 26.5% | 1.6% | ||
| Q2 25 | 24.8% | 0.7% | ||
| Q1 25 | 26.5% | -0.4% | ||
| Q4 24 | 26.3% | 0.1% | ||
| Q3 24 | 26.5% | 0.5% | ||
| Q2 24 | 23.0% | -1.7% | ||
| Q1 24 | 20.9% | -2.0% |
| 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% | — |
| Q4 25 | $3.50 | $0.13 | ||
| Q3 25 | $3.74 | $0.13 | ||
| Q2 25 | $2.81 | $0.22 | ||
| Q1 25 | $2.81 | $-0.03 | ||
| Q4 24 | $25.71 | $0.04 | ||
| Q3 24 | $2.95 | $0.03 | ||
| Q2 24 | $2.05 | $-0.14 | ||
| Q1 24 | $1.89 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $3.5B | $383.9M |
| Total Assets | $4.2B | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $370.7M | ||
| Q3 25 | $1.3B | $348.5M | ||
| Q2 25 | $1.1B | $319.6M | ||
| Q1 25 | $1.0B | $321.8M | ||
| Q4 24 | $862.9M | $307.4M | ||
| Q3 24 | $1.5B | $293.1M | ||
| Q2 24 | $1.3B | $277.2M | ||
| Q1 24 | $1.3B | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.5B | $383.9M | ||
| Q3 25 | $3.4B | $368.6M | ||
| Q2 25 | $3.2B | $355.5M | ||
| Q1 25 | $3.1B | $333.7M | ||
| Q4 24 | $3.0B | $323.3M | ||
| Q3 24 | $2.4B | $320.2M | ||
| Q2 24 | $2.2B | $305.8M | ||
| Q1 24 | $2.1B | $303.4M |
| Q4 25 | $4.2B | $915.0M | ||
| Q3 25 | $4.1B | $880.2M | ||
| Q2 25 | $3.9B | $847.8M | ||
| Q1 25 | $3.7B | $837.2M | ||
| Q4 24 | $3.5B | $806.9M | ||
| Q3 24 | $2.9B | $816.1M | ||
| Q2 24 | $2.6B | $795.9M | ||
| Q1 24 | $2.6B | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | $63.9M | $25.3M |
| FCF MarginFCF / Revenue | 8.5% | 6.7% |
| Capex IntensityCapex / Revenue | 5.5% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | $666.2M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $104.9M | $29.3M | ||
| Q3 25 | $239.3M | $29.2M | ||
| Q2 25 | $237.6M | $15.0M | ||
| Q1 25 | $256.4M | $16.0M | ||
| Q4 24 | $167.7M | $23.7M | ||
| Q3 24 | $231.7M | $15.3M | ||
| Q2 24 | $141.0M | $6.9M | ||
| Q1 24 | $248.1M | $2.4M |
| Q4 25 | $63.9M | $25.3M | ||
| Q3 25 | $196.8M | $23.9M | ||
| Q2 25 | $189.5M | $12.0M | ||
| Q1 25 | $216.0M | $14.0M | ||
| Q4 24 | $102.9M | $21.8M | ||
| Q3 24 | $197.9M | $13.4M | ||
| Q2 24 | $109.5M | $4.0M | ||
| Q1 24 | $232.1M | $-631.0K |
| Q4 25 | 8.5% | 6.7% | ||
| Q3 25 | 26.7% | 6.5% | ||
| Q2 25 | 28.5% | 3.4% | ||
| Q1 25 | 33.9% | 4.1% | ||
| Q4 24 | 16.5% | 6.5% | ||
| Q3 24 | 31.9% | 4.1% | ||
| Q2 24 | 21.6% | 1.3% | ||
| Q1 24 | 50.7% | -0.2% |
| Q4 25 | 5.5% | 1.0% | ||
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 7.2% | 0.8% | ||
| Q1 25 | 6.3% | 0.6% | ||
| Q4 24 | 10.4% | 0.6% | ||
| Q3 24 | 5.5% | 0.6% | ||
| Q2 24 | 6.2% | 0.9% | ||
| Q1 24 | 3.5% | 1.0% |
| 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.
Revenue Breakdown by Segment
MPWR
Segment breakdown not available.
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
