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Side-by-side financial comparison of Monolithic Power Systems (MPWR) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
Monolithic Power Systems is the larger business by last-quarter revenue ($804.2M vs $490.7M, roughly 1.6× OLYMPIC STEEL INC). Monolithic Power Systems runs the higher net margin — 24.0% vs 0.4%, a 23.6% gap on every dollar of revenue. On growth, Monolithic Power Systems posted the faster year-over-year revenue change (26.1% vs 4.4%). Over the past eight quarters, Monolithic Power Systems's revenue compounded faster (25.9% CAGR vs 0.1%).
Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in Kirkland, Washington. It operates in more than 15 locations worldwide.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
MPWR vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $804.2M | $490.7M |
| Net Profit | $193.2M | $2.2M |
| Gross Margin | 55.3% | — |
| Operating Margin | 30.0% | 1.5% |
| Net Margin | 24.0% | 0.4% |
| Revenue YoY | 26.1% | 4.4% |
| Net Profit YoY | 43.1% | -21.2% |
| EPS (diluted) | $3.92 | $0.18 |
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 | $804.2M | — | ||
| Q4 25 | $751.2M | — | ||
| Q3 25 | $737.2M | $490.7M | ||
| Q2 25 | $664.6M | $496.5M | ||
| Q1 25 | $637.6M | $492.9M | ||
| Q4 24 | $621.7M | $418.8M | ||
| Q3 24 | $620.1M | $470.0M | ||
| Q2 24 | $507.4M | $526.3M |
| Q1 26 | $193.2M | — | ||
| Q4 25 | $171.7M | — | ||
| Q3 25 | $179.8M | $2.2M | ||
| Q2 25 | $135.0M | $5.2M | ||
| Q1 25 | $135.1M | $2.5M | ||
| Q4 24 | $1.3B | $3.9M | ||
| Q3 24 | $144.4M | $2.7M | ||
| Q2 24 | $100.4M | $7.7M |
| 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% | — | ||
| Q2 24 | 55.3% | — |
| Q1 26 | 30.0% | — | ||
| Q4 25 | 26.6% | — | ||
| Q3 25 | 26.5% | 1.5% | ||
| Q2 25 | 24.8% | 2.3% | ||
| Q1 25 | 26.5% | 1.6% | ||
| Q4 24 | 26.3% | 2.1% | ||
| Q3 24 | 26.5% | 1.7% | ||
| Q2 24 | 23.0% | 2.9% |
| Q1 26 | 24.0% | — | ||
| Q4 25 | 22.9% | — | ||
| Q3 25 | 24.4% | 0.4% | ||
| Q2 25 | 20.3% | 1.1% | ||
| Q1 25 | 21.2% | 0.5% | ||
| Q4 24 | 201.8% | 0.9% | ||
| Q3 24 | 23.3% | 0.6% | ||
| Q2 24 | 19.8% | 1.5% |
| Q1 26 | $3.92 | — | ||
| Q4 25 | $3.50 | — | ||
| Q3 25 | $3.74 | $0.18 | ||
| Q2 25 | $2.81 | $0.45 | ||
| Q1 25 | $2.81 | $0.21 | ||
| Q4 24 | $25.71 | $0.33 | ||
| Q3 24 | $2.95 | $0.23 | ||
| Q2 24 | $2.05 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $3.7B | $579.1M |
| Total Assets | $4.4B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $7.5M | ||
| Q2 25 | $1.1B | $14.8M | ||
| Q1 25 | $1.0B | $13.3M | ||
| Q4 24 | $862.9M | $11.9M | ||
| Q3 24 | $1.5B | $11.1M | ||
| Q2 24 | $1.3B | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M |
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $579.1M | ||
| Q2 25 | $3.2B | $578.2M | ||
| Q1 25 | $3.1B | $574.2M | ||
| Q4 24 | $3.0B | $573.9M | ||
| Q3 24 | $2.4B | $570.6M | ||
| Q2 24 | $2.2B | $569.5M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.1B | $1.1B | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $3.5B | $1.0B | ||
| Q3 24 | $2.9B | $1.0B | ||
| Q2 24 | $2.6B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× |
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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | — | ||
| Q3 25 | $239.3M | $-5.4M | ||
| Q2 25 | $237.6M | $15.5M | ||
| Q1 25 | $256.4M | $49.4M | ||
| Q4 24 | $167.7M | $14.6M | ||
| Q3 24 | $231.7M | $24.6M | ||
| Q2 24 | $141.0M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | — | ||
| Q3 25 | $196.8M | $-12.9M | ||
| Q2 25 | $189.5M | $6.8M | ||
| Q1 25 | $216.0M | $40.6M | ||
| Q4 24 | $102.9M | $7.4M | ||
| Q3 24 | $197.9M | $15.6M | ||
| Q2 24 | $109.5M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | — | ||
| Q3 25 | 26.7% | -2.6% | ||
| Q2 25 | 28.5% | 1.4% | ||
| Q1 25 | 33.9% | 8.2% | ||
| Q4 24 | 16.5% | 1.8% | ||
| Q3 24 | 31.9% | 3.3% | ||
| Q2 24 | 21.6% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | 5.8% | 1.5% | ||
| Q2 25 | 7.2% | 1.7% | ||
| Q1 25 | 6.3% | 1.8% | ||
| Q4 24 | 10.4% | 1.7% | ||
| Q3 24 | 5.5% | 1.9% | ||
| Q2 24 | 6.2% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 1.33× | -2.50× | ||
| Q2 25 | 1.76× | 2.96× | ||
| Q1 25 | 1.90× | 19.70× | ||
| Q4 24 | 0.13× | 3.75× | ||
| Q3 24 | 1.60× | 9.01× | ||
| Q2 24 | 1.40× | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPWR
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
