Monolithic Power Systems, Inc. (MPWR)

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.

Symbol
MPWR
Exchange
Nasdaq
Sector
Technology
Industry
Semiconductors
Market cap
$70.75B
52 week range
833.18 - 1714.09

Valuation

Share price
$1439.73 (close of 2026-10-02)
P/E (TTM)
87.36x
Price to book
18.16x
Price to free cash flow
120.83x
Enterprise value
$69.36B
Book value per share
$79.27

Price performance

PeriodChange
1 day+5.79%
5 days+5.29%
1 month+18.07%
3 months+11.77%
6 months+28.72%
Year to date+58.85%
1 year+54.72%
3 years+213.43%
5 years+198.03%
10 years+1688.48%
All time+14531.40%

Members of Congress who disclosed MPWR trades

Markwayne Mullin · Byron Donalds · Robert Bresnahan · Michael Guest · Tommy Tuberville

Super investors holding MPWR

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Lee Ainslie (Maverick Capital LTD)

Profitability and growth

Return on equity
17.60%
Return on invested capital
25.44%
Return on assets
14.82%
Return on capital employed
19.05%
Gross margin
55.18%
Net margin
22.27%
EBITDA margin
27.99%
Revenue growth
26.43%
Net income growth
-60.96%
Free cash flow growth
3.72%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.83%
Current ratio
4.98x
Net debt to EBITDA
-1.39x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$2.79B
Cost of revenue
$1.25B
Gross profit
$1.54B
EBITDA
$781.15M
Net income
$621.48M
Earnings per share
$12.94
Shares outstanding
48.03M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$2.79B$1.54B$621.48M$12.94
2024-12-31$2.21B$1.22B$1.59B$32.76
2023-12-31$1.82B$1.02B$427.37M$8.98
2022-12-31$1.79B$1.05B$437.67M$9.37
2021-12-31$1.21B$685.46M$242.02M$5.28
2020-12-31$844.45M$465.95M$164.38M$3.67
2019-12-31$627.92M$346.32M$108.84M$2.52
2018-12-31$582.38M$322.67M$105.27M$2.49
2017-12-31$470.93M$258.28M$65.20M$1.58
2016-12-31$388.67M$210.87M$52.72M$1.30

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3155.18%22.27%17.60%25.44%
2024-12-3155.32%72.13%53.95%25.67%
2023-12-3156.07%23.47%20.85%42.58%
2022-12-3158.44%24.39%26.23%47.14%
2021-12-3156.75%20.04%19.46%44.75%
2020-12-3155.18%19.47%17.01%41.43%
2019-12-3155.15%17.33%14.07%30.90%
2018-12-3155.40%18.08%16.45%38.15%
2017-12-3154.85%13.85%12.49%26.77%
2016-12-3154.26%13.56%12.23%30.64%

Cash and debt by year

Period endCash
2025-12-31$1.26B
2024-12-31$862.95M
2023-12-31$1.11B
2022-12-31$737.87M
2021-12-31$725.08M
2020-12-31$595.11M
2019-12-31$455.40M
2018-12-31$377.28M
2017-12-31$299.09M
2016-12-31$268.22M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$666.19M$227.49M
2024-12-31$642.29M$205.64M
2023-12-31$580.63M$149.71M
2022-12-31$187.83M$160.99M
2021-12-31$225.59M$123.48M
2020-12-31$212.19M$85.55M
2019-12-31$120.50M$78.70M
2018-12-31$118.92M$60.61M
2017-12-31$68.05M$52.62M
2016-12-31$70.67M$44.99M

Dividend history

Most recent payment
2026-09-30
Paid in the last twelve months
$7.56
Payment dateDividend per share
2026-09-30$2.00
2026-06-30$2.00
2026-03-31$2.00
2025-12-31$1.56
2025-09-30$1.56
2025-06-30$1.56
2025-03-31$1.56
2024-12-31$1.25

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$6.50

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$4.84
2026-04-30Mar/2026$3.81
2026-02-05Dec/2025$3.63
2025-10-30Sep/2025$3.54
2025-07-31Jun/2025$3.07
2025-05-01Mar/2025$3.02
2025-02-06Dec/2024$3.13
2024-10-30Sep/2024$3.04

Filings and sources

Company website
monolithicpower.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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