Monolithic Power Systems vs Qorvo
Qorvo reported revenue of $3.7 billion in fiscal 2026, 1.3 times Monolithic Power Systems' $2.8 billion in fiscal 2025. Monolithic Power Systems' revenue grew 26.4% in its latest year, and Qorvo's fell 1.1%. Monolithic Power Systems had an operating margin of 26.1%, against 11.2% at Qorvo. Free cash flow was $666 million at Monolithic Power Systems and $680 million at Qorvo. Their fiscal years end in different months (December 31 and March 28), so the periods don't line up exactly.
Side by side
| Monolithic Power Systems | Qorvo | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 28, 2026 |
| Revenue | $2.8B | $3.7B |
| Revenue growth | 26.4% | −1.1% |
| Revenue growth a year, last 5 years | 27.0% | −1.7% |
| Gross margin | 55.2% | 45.9% |
| Operating margin | 26.1% | 11.2% |
| Net margin | 22.3% | 9.2% |
| Free cash flow | $666M | $680M |
| Free cash flow margin | 23.9% | 18.5% |
| Return on capital | 27.1% | 9.2% |
| Net debt to EBITDA | −1.6x | 0.5x |
| Dividends and buybacks | $291M | $533M |
| Change in diluted share count | −1.1% | −2.0% |
| Last close | $1,190.44 | $114.17 |
| P/E at the last close | 65.6× | 31.5× |
| Insider trades, last 12 months | sold $670.9 million | sold $210.5 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Monolithic Power SystemsQorvo
Operating margin
Percent of revenue
Monolithic Power SystemsQorvo
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Monolithic Power SystemsQorvo
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Monolithic Power Systems and Qorvo pages.