Monolithic Power Systems, Inc. (MPWR)
Monolithic Power Systems designs high-efficiency power-management chips for computing, automotive, and consumer electronics.
MPWR vs PLTR: how the two businesses compare
- Bigger business: PLTR, with $4.5B of yearly revenue, about 1.6× MPWR's $2.8B.
- More profitable: PLTR keeps 36 cents of each sales dollar as profit, against 22 cents at MPWR.
- More cash from each sale: PLTR turns 48 cents of each sales dollar into operating cash flow, against 30 cents at MPWR.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Palantir Technologies (PLTR) is the larger business by reported revenue: $4.5B in its fiscal year ended Dec 2025, about 1.6× MPWR's $2.8B (fiscal year ended Dec 2025). MPWR's net margin was 22.3% and PLTR's 36.3%. The SEC classifies them differently (Semiconductors & Related Devices; Services-Prepackaged Software); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Different
- Separate classifications
- December 31
- Same calendar
- Feb 27, 2026
MPWR vs PLTR: quick comparison
| Company fact | MPWR | PLTR |
|---|---|---|
| Company | Monolithic Power Systems, Inc. | Palantir Technologies Inc. |
| Exchange | NASDAQ | NASDAQ |
| Headquarters | — | Denver, Colorado |
| Founded | — | 2003 |
| SEC industry | Semiconductors & Related Devices | Services-Prepackaged Software |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-27 | 10-K · 2026-02-17 |
MPWR vs PLTR: audited financials
- Scale: PLTR's $4.5B of revenue is about 1.6× MPWR's $2.8B.
- Net margin: PLTR kept 36.3% of revenue as net income versus 22.3% at MPWR.
- Cash conversion: operating cash flow equalled MPWR 30.0% of revenue, or 1.35× net income; PLTR 47.7% of revenue, or 1.31× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: both fiscal years end on 2025-12-31, so these annual figures cover the same months.
| Metric | MPWR | PLTR |
|---|---|---|
| Revenue | $2.8B2025-01-01 to 2025-12-31 · SEC filing | $4.5B2025-01-01 to 2025-12-31 · SEC filing |
| Net income | $621M2025-01-01 to 2025-12-31 · SEC filing | $1.6B2025-01-01 to 2025-12-31 · SEC filing |
| Operating cash flow | $838M2025-01-01 to 2025-12-31 · SEC filing | $2.1B2025-01-01 to 2025-12-31 · SEC filing |
| Diluted EPS | $12.862025-01-01 to 2025-12-31 · SEC filing | $0.632025-01-01 to 2025-12-31 · SEC filing |
| Net margin | 22.3%2025-01-01 to 2025-12-31 · SEC filing | 36.3%2025-01-01 to 2025-12-31 · SEC filing |
MPWR: FY ending 2025-12-31 · PLTR: FY ending 2025-12-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where MPWR and PLTR overlap, and where they don't
Overlap
- Shared research theme: Artificial intelligence.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Different SEC industries: MPWR files as Semiconductors & Related Devices; PLTR as Services-Prepackaged Software.
- Only PLTR maps to Wars & geopolitics.
- Scale: PLTR reported about 1.6× the annual revenue of MPWR.
- Profitability: net margin of 22.3% for MPWR versus 36.3% for PLTR.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Palantir Technologies Inc. (PLTR)
Palantir builds data-integration and analytics platforms used by defense agencies, intelligence services, and commercial enterprises. Its AI platform for operational decision-making has driven rapid growth in its commercial business.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves MPWR
We have not yet published a company-specific driver list for MPWR. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-27.
What moves PLTR
- Growth and renewal of US and allied government contracts, including defense and intelligence work
- Adoption speed of the Artificial Intelligence Platform (AIP) among commercial customers
- Commercial revenue mix shift and net dollar retention outside of government
- Valuation relative to growth, given the stock's premium multiple versus software peers
The investment question
You now know PLTR reports about 1.6× MPWR's revenue, and PLTR keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence, including “Growth and renewal of US and allied government contracts, including defense and intelligence work” at PLTR, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 6 matched transaction rows for MPWR and 50 matched transaction rows for PLTR. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
MPWR primary filings
PLTR primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
MPWR vs PLTR FAQs
Are MPWR and PLTR direct competitors?
Not necessarily. Monolithic Power Systems files as Semiconductors & Related Devices and Palantir Technologies as Services-Prepackaged Software. The pair is compared because both map to the Artificial intelligence research theme, not because the filings show head-to-head competition.
Is MPWR or PLTR the bigger company by revenue?
Palantir Technologies (PLTR) is the larger business by reported revenue: $4.5B in its fiscal year ended Dec 2025, about 1.6× MPWR's $2.8B (fiscal year ended Dec 2025). MPWR's net margin was 22.3% and PLTR's 36.3%. The SEC classifies them differently (Semiconductors & Related Devices; Services-Prepackaged Software); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, MPWR or PLTR?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this MPWR vs PLTR comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Monolithic Power Systems, Inc. and Palantir Technologies Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-10-13. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-10-13. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
MPWR vs PLTR compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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