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

Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $720.0M, roughly 1.1× NCR Voyix Corp). Monolithic Power Systems runs the higher net margin — 24.0% vs 13.6%, a 10.4% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 6.2%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 0.7%).

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

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.

MPWR vs VYX — Head-to-Head

Bigger by revenue
MPWR
MPWR
1.1× larger
MPWR
$804.2M
$720.0M
VYX
Growing faster (revenue YoY)
MPWR
MPWR
+19.9% gap
MPWR
26.1%
6.2%
VYX
Higher net margin
MPWR
MPWR
10.4% more per $
MPWR
24.0%
13.6%
VYX
Faster 2-yr revenue CAGR
MPWR
MPWR
Annualised
MPWR
25.9%
0.7%
VYX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MPWR
MPWR
VYX
VYX
Revenue
$804.2M
$720.0M
Net Profit
$193.2M
$98.0M
Gross Margin
55.3%
Operating Margin
30.0%
2.4%
Net Margin
24.0%
13.6%
Revenue YoY
26.1%
6.2%
Net Profit YoY
43.1%
990.9%
EPS (diluted)
$3.92
$0.64

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
VYX
VYX
Q1 26
$804.2M
Q4 25
$751.2M
$720.0M
Q3 25
$737.2M
$684.0M
Q2 25
$664.6M
$666.0M
Q1 25
$637.6M
$617.0M
Q4 24
$621.7M
$678.0M
Q3 24
$620.1M
$708.0M
Q2 24
$507.4M
$722.0M
Net Profit
MPWR
MPWR
VYX
VYX
Q1 26
$193.2M
Q4 25
$171.7M
$98.0M
Q3 25
$179.8M
$-19.0M
Q2 25
$135.0M
$0
Q1 25
$135.1M
$-17.0M
Q4 24
$1.3B
$-11.0M
Q3 24
$144.4M
$1.1B
Q2 24
$100.4M
$-73.0M
Gross Margin
MPWR
MPWR
VYX
VYX
Q1 26
55.3%
Q4 25
55.2%
Q3 25
55.1%
Q2 25
55.1%
Q1 25
55.4%
Q4 24
55.4%
Q3 24
55.4%
23.4%
Q2 24
55.3%
17.5%
Operating Margin
MPWR
MPWR
VYX
VYX
Q1 26
30.0%
Q4 25
26.6%
2.4%
Q3 25
26.5%
2.2%
Q2 25
24.8%
2.1%
Q1 25
26.5%
-3.2%
Q4 24
26.3%
-0.1%
Q3 24
26.5%
2.3%
Q2 24
23.0%
-4.7%
Net Margin
MPWR
MPWR
VYX
VYX
Q1 26
24.0%
Q4 25
22.9%
13.6%
Q3 25
24.4%
-2.8%
Q2 25
20.3%
Q1 25
21.2%
-2.8%
Q4 24
201.8%
-1.6%
Q3 24
23.3%
152.8%
Q2 24
19.8%
-10.1%
EPS (diluted)
MPWR
MPWR
VYX
VYX
Q1 26
$3.92
Q4 25
$3.50
$0.64
Q3 25
$3.74
$-0.16
Q2 25
$2.81
$-0.03
Q1 25
$2.81
$-0.15
Q4 24
$25.71
$-0.05
Q3 24
$2.95
$7.41
Q2 24
$2.05
$-0.53

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MPWR
MPWR
VYX
VYX
Cash + ST InvestmentsLiquidity on hand
$1.4B
$231.0M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$3.7B
$948.0M
Total Assets
$4.4B
$3.9B
Debt / EquityLower = less leverage
1.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPWR
MPWR
VYX
VYX
Q1 26
$1.4B
Q4 25
$1.3B
$231.0M
Q3 25
$1.3B
$282.0M
Q2 25
$1.1B
$276.0M
Q1 25
$1.0B
$573.0M
Q4 24
$862.9M
$722.0M
Q3 24
$1.5B
$792.0M
Q2 24
$1.3B
$203.0M
Total Debt
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
$1.1B
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
Q2 24
Stockholders' Equity
MPWR
MPWR
VYX
VYX
Q1 26
$3.7B
Q4 25
$3.5B
$948.0M
Q3 25
$3.4B
$848.0M
Q2 25
$3.2B
$867.0M
Q1 25
$3.1B
$857.0M
Q4 24
$3.0B
$933.0M
Q3 24
$2.4B
$1.0B
Q2 24
$2.2B
$-85.0M
Total Assets
MPWR
MPWR
VYX
VYX
Q1 26
$4.4B
Q4 25
$4.2B
$3.9B
Q3 25
$4.1B
$4.0B
Q2 25
$3.9B
$4.0B
Q1 25
$3.7B
$4.3B
Q4 24
$3.5B
$4.5B
Q3 24
$2.9B
$4.7B
Q2 24
$2.6B
$4.8B
Debt / Equity
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
1.17×
Q3 25
Q2 25
Q1 25
Q4 24
1.18×
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
MPWR
MPWR
VYX
VYX
Operating Cash FlowLast quarter
$60.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
$104.9M
$60.0M
Q3 25
$239.3M
$14.0M
Q2 25
$237.6M
$-242.0M
Q1 25
$256.4M
$-42.0M
Q4 24
$167.7M
$-170.0M
Q3 24
$231.7M
$11.0M
Q2 24
$141.0M
$62.0M
Free Cash Flow
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
$63.9M
Q3 25
$196.8M
$10.0M
Q2 25
$189.5M
$-249.0M
Q1 25
$216.0M
$-50.0M
Q4 24
$102.9M
$-177.0M
Q3 24
$197.9M
$9.0M
Q2 24
$109.5M
$49.0M
FCF Margin
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
8.5%
Q3 25
26.7%
1.5%
Q2 25
28.5%
-37.4%
Q1 25
33.9%
-8.1%
Q4 24
16.5%
-26.1%
Q3 24
31.9%
1.3%
Q2 24
21.6%
6.8%
Capex Intensity
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
5.5%
Q3 25
5.8%
0.6%
Q2 25
7.2%
1.1%
Q1 25
6.3%
1.3%
Q4 24
10.4%
1.0%
Q3 24
5.5%
0.3%
Q2 24
6.2%
1.8%
Cash Conversion
MPWR
MPWR
VYX
VYX
Q1 26
Q4 25
0.61×
0.61×
Q3 25
1.33×
Q2 25
1.76×
Q1 25
1.90×
Q4 24
0.13×
Q3 24
1.60×
0.01×
Q2 24
1.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MPWR
MPWR

Segment breakdown not available.

VYX
VYX

Services$484.0M67%
Products$236.0M33%

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