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

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $751.2M, roughly 1.4× Monolithic Power Systems). VEON Ltd. runs the higher net margin — 55.9% vs 22.9%, a 33.1% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 5.8%).

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

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

MPWR vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.4× larger
VEON
$1.1B
$751.2M
MPWR
Growing faster (revenue YoY)
MPWR
MPWR
+15.0% gap
MPWR
20.8%
5.8%
VEON
Higher net margin
VEON
VEON
33.1% more per $
VEON
55.9%
22.9%
MPWR

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MPWR
MPWR
VEON
VEON
Revenue
$751.2M
$1.1B
Net Profit
$171.7M
$608.0M
Gross Margin
55.2%
Operating Margin
26.6%
75.4%
Net Margin
22.9%
55.9%
Revenue YoY
20.8%
5.8%
Net Profit YoY
-86.3%
583.1%
EPS (diluted)
$3.50
$0.34

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
VEON
VEON
Q4 25
$751.2M
Q3 25
$737.2M
Q2 25
$664.6M
$1.1B
Q1 25
$637.6M
Q4 24
$621.7M
Q3 24
$620.1M
Q2 24
$507.4M
$1.0B
Q1 24
$457.9M
Net Profit
MPWR
MPWR
VEON
VEON
Q4 25
$171.7M
Q3 25
$179.8M
Q2 25
$135.0M
$608.0M
Q1 25
$135.1M
Q4 24
$1.3B
Q3 24
$144.4M
Q2 24
$100.4M
$89.0M
Q1 24
$92.5M
Gross Margin
MPWR
MPWR
VEON
VEON
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
VEON
VEON
Q4 25
26.6%
Q3 25
26.5%
Q2 25
24.8%
75.4%
Q1 25
26.5%
Q4 24
26.3%
Q3 24
26.5%
Q2 24
23.0%
27.1%
Q1 24
20.9%
Net Margin
MPWR
MPWR
VEON
VEON
Q4 25
22.9%
Q3 25
24.4%
Q2 25
20.3%
55.9%
Q1 25
21.2%
Q4 24
201.8%
Q3 24
23.3%
Q2 24
19.8%
8.7%
Q1 24
20.2%
EPS (diluted)
MPWR
MPWR
VEON
VEON
Q4 25
$3.50
Q3 25
$3.74
Q2 25
$2.81
$0.34
Q1 25
$2.81
Q4 24
$25.71
Q3 24
$2.95
Q2 24
$2.05
$0.04
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
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$1.3B
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$1.5B
Total Assets
$4.2B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
VEON
VEON
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$1.0B
Q4 24
$862.9M
Q3 24
$1.5B
Q2 24
$1.3B
$862.0M
Q1 24
$1.3B
Stockholders' Equity
MPWR
MPWR
VEON
VEON
Q4 25
$3.5B
Q3 25
$3.4B
Q2 25
$3.2B
$1.5B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$2.4B
Q2 24
$2.2B
$1.1B
Q1 24
$2.1B
Total Assets
MPWR
MPWR
VEON
VEON
Q4 25
$4.2B
Q3 25
$4.1B
Q2 25
$3.9B
$8.5B
Q1 25
$3.7B
Q4 24
$3.5B
Q3 24
$2.9B
Q2 24
$2.6B
$7.3B
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
VEON
VEON
Operating Cash FlowLast quarter
$104.9M
Free Cash FlowOCF − Capex
$63.9M
FCF MarginFCF / Revenue
8.5%
Capex IntensityCapex / Revenue
5.5%
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
VEON
VEON
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
VEON
VEON
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
VEON
VEON
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
VEON
VEON
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
VEON
VEON
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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