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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
VALMONT INDUSTRIES INC is the larger business by last-quarter revenue ($1.0B vs $751.2M, roughly 1.4× Monolithic Power Systems). Monolithic Power Systems runs the higher net margin — 22.9% vs 10.5%, a 12.4% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (20.8% vs 6.2%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (28.1% CAGR vs -0.5%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
MPWR vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $751.2M | $1.0B |
| Net Profit | $171.7M | $108.0M |
| Gross Margin | 55.2% | 30.8% |
| Operating Margin | 26.6% | 15.1% |
| Net Margin | 22.9% | 10.5% |
| Revenue YoY | 20.8% | 6.2% |
| Net Profit YoY | -86.3% | 23.8% |
| EPS (diluted) | $3.50 | $5.51 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $751.2M | $1.0B | ||
| Q3 25 | $737.2M | $1.0B | ||
| Q2 25 | $664.6M | $1.1B | ||
| Q1 25 | $637.6M | $969.3M | ||
| Q4 24 | $621.7M | $1.0B | ||
| Q3 24 | $620.1M | $1.0B | ||
| Q2 24 | $507.4M | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $171.7M | $168.0M | ||
| Q3 25 | $179.8M | $99.0M | ||
| Q2 25 | $135.0M | $-4.0M | ||
| Q1 25 | $135.1M | $87.3M | ||
| Q4 24 | $1.3B | $77.7M | ||
| Q3 24 | $144.4M | $83.1M | ||
| Q2 24 | $100.4M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 55.2% | 29.8% | ||
| Q3 25 | 55.1% | 30.4% | ||
| Q2 25 | 55.1% | 30.6% | ||
| Q1 25 | 55.4% | 30.0% | ||
| Q4 24 | 55.4% | 30.2% | ||
| Q3 24 | 55.4% | 29.6% | ||
| Q2 24 | 55.3% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 26.6% | 11.2% | ||
| Q3 25 | 26.5% | 13.5% | ||
| Q2 25 | 24.8% | 2.8% | ||
| Q1 25 | 26.5% | 13.2% | ||
| Q4 24 | 26.3% | 11.6% | ||
| Q3 24 | 26.5% | 12.3% | ||
| Q2 24 | 23.0% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 22.9% | 16.2% | ||
| Q3 25 | 24.4% | 9.5% | ||
| Q2 25 | 20.3% | -0.4% | ||
| Q1 25 | 21.2% | 9.0% | ||
| Q4 24 | 201.8% | 7.5% | ||
| Q3 24 | 23.3% | 8.1% | ||
| Q2 24 | 19.8% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $3.50 | $9.02 | ||
| Q3 25 | $3.74 | $4.98 | ||
| Q2 25 | $2.81 | $-1.53 | ||
| Q1 25 | $2.81 | $4.32 | ||
| Q4 24 | $25.71 | $3.85 | ||
| Q3 24 | $2.95 | $4.11 | ||
| Q2 24 | $2.05 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $1.7B |
| Total Assets | $4.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $1.3B | $187.1M | ||
| Q3 25 | $1.3B | $226.1M | ||
| Q2 25 | $1.1B | $208.5M | ||
| Q1 25 | $1.0B | $184.4M | ||
| Q4 24 | $862.9M | $164.3M | ||
| Q3 24 | $1.5B | $200.5M | ||
| Q2 24 | $1.3B | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.4B | $1.6B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.6B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.2B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $4.2B | $3.4B | ||
| Q3 25 | $4.1B | $3.4B | ||
| Q2 25 | $3.9B | $3.3B | ||
| Q1 25 | $3.7B | $3.4B | ||
| Q4 24 | $3.5B | $3.3B | ||
| Q3 24 | $2.9B | $3.5B | ||
| Q2 24 | $2.6B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $111.2M | ||
| Q3 25 | $239.3M | $112.5M | ||
| Q2 25 | $237.6M | $167.6M | ||
| Q1 25 | $256.4M | $65.1M | ||
| Q4 24 | $167.7M | $193.4M | ||
| Q3 24 | $231.7M | $225.1M | ||
| Q2 24 | $141.0M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $70.4M | ||
| Q3 25 | $196.8M | $70.6M | ||
| Q2 25 | $189.5M | $135.6M | ||
| Q1 25 | $216.0M | $34.8M | ||
| Q4 24 | $102.9M | $167.8M | ||
| Q3 24 | $197.9M | $204.6M | ||
| Q2 24 | $109.5M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 6.8% | ||
| Q3 25 | 26.7% | 6.7% | ||
| Q2 25 | 28.5% | 12.9% | ||
| Q1 25 | 33.9% | 3.6% | ||
| Q4 24 | 16.5% | 16.2% | ||
| Q3 24 | 31.9% | 20.1% | ||
| Q2 24 | 21.6% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 3.9% | ||
| Q3 25 | 5.8% | 4.0% | ||
| Q2 25 | 7.2% | 3.0% | ||
| Q1 25 | 6.3% | 3.1% | ||
| Q4 24 | 10.4% | 2.5% | ||
| Q3 24 | 5.5% | 2.0% | ||
| Q2 24 | 6.2% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 0.66× | ||
| Q3 25 | 1.33× | 1.14× | ||
| Q2 25 | 1.76× | — | ||
| Q1 25 | 1.90× | 0.75× | ||
| Q4 24 | 0.13× | 2.49× | ||
| Q3 24 | 1.60× | 2.71× | ||
| Q2 24 | 1.40× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPWR
Segment breakdown not available.
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
