MPWR · Monolithic Power Systems Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $804.18M | - | $737.18M | $664.57M | $637.55M | - | $620.12M | $507.43M | $457.88M | - |
| Cost of Revenue | $359.12M | - | $330.95M | $298.56M | $284.32M | - | $276.68M | $226.85M | $205.44M | - |
| Gross Profit | $445.06M | - | $406.23M | $366.02M | $353.23M | - | $343.44M | $280.58M | $252.44M | - |
| R&D | $100.57M | - | $98.17M | $96.27M | $92.23M | - | $85.05M | $77.94M | $75.99M | - |
| SG&A | $103.35M | - | $112.87M | $104.99M | $92.24M | - | $94.36M | $86.10M | $80.96M | - |
| Total Operating Expenses | $203.91M | - | $211.04M | $201.26M | $184.47M | - | $179.41M | $164.04M | $156.95M | - |
| D&A | $15.11M | - | - | - | $11.45M | - | - | - | $8.25M | - |
| Operating Income | $241.15M | - | $195.18M | $164.76M | $168.76M | - | $164.03M | $116.54M | $95.49M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $53.96M | - | $27.30M | $43.25M | $40.10M | - | $29.88M | $23.68M | $12.49M | - |
| Net Income | $193.23M | - | $178.27M | $133.73M | $133.79M | - | $144.43M | $100.37M | $92.54M | - |
| EPS - Basic | $3.94 | - | $3.72 | $2.79 | $2.80 | - | $2.96 | $2.06 | $1.90 | - |
| EPS - Diluted | $3.92 | - | $3.71 | $2.78 | $2.79 | - | $2.95 | $2.05 | $1.89 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.06B | $1.10B | $1.08B | $787.38M | $637.35M | $691.82M | $700.35M | $550.48M | $488.27M | $527.84M |
| Accounts Receivable | $302.14M | $255.63M | $241.56M | $194.82M | $214.87M | $172.52M | $164.70M | $157.89M | $194.43M | $179.86M |
| Inventory | $619.16M | $564.65M | $505.68M | $490.64M | $454.79M | $419.61M | $424.94M | $426.75M | $395.99M | $383.70M |
| Accounts Payable | $174.50M | $138.27M | $141.69M | $129.92M | $127.31M | $102.53M | $115.86M | $99.89M | $103.47M | $62.96M |
| Current Assets | $2.33B | $2.18B | $2.11B | $1.92B | $1.79B | $1.57B | $2.16B | $2.00B | $1.98B | $1.82B |
| Total Assets | $4.45B | $4.19B | $4.21B | $3.97B | $3.81B | $3.62B | $2.85B | $2.65B | $2.58B | $2.43B |
| Current Liabilities | $486.96M | $369.37M | $442.80M | $383.51M | $363.40M | $294.57M | $336.59M | $295.16M | $311.88M | $235.03M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $771.46M | $662.70M | $638.45M | $570.14M | $538.75M | $471.33M | $503.05M | $452.27M | $465.14M | $384.41M |
| Stockholders' Equity | $3.68B | $3.53B | $3.57B | $3.40B | $3.27B | $3.15B | $2.35B | $2.20B | $2.11B | $2.05B |
| Retained Earnings | $2.70B | $2.61B | $2.71B | $2.60B | $2.55B | $2.49B | $1.10B | $1.02B | $977.72M | $947.06M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $250.25M | - | - | - | $256.39M | - | - | - | $248.05M | - |
| Investing Cash Flow | ($212.32M) | - | - | - | ($257.49M) | - | - | - | ($266.01M) | - |
| Financing Cash Flow | ($75.27M) | - | - | - | ($55.92M) | - | - | - | ($50.00M) | - |
| CapEx | $70.85M | - | - | - | $40.34M | - | - | - | $15.99M | - |
| Free Cash Flow | $179.40M | - | - | - | $216.04M | - | - | - | $232.06M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 55.3% | - | 55.1% | 55.1% | 55.4% | - | 55.4% | 55.3% | 55.1% | - |
| Operating margin | 30.0% | - | 26.5% | 24.8% | 26.5% | - | 26.5% | 23.0% | 20.9% | - |
| EBITDA margin | 31.9% | - | - | - | 28.3% | - | - | - | 22.7% | - |
| Net margin | 24.0% | - | 24.2% | 20.1% | 21.0% | - | 23.3% | 19.8% | 20.2% | - |
| Free cash flow margin | 22.3% | - | - | - | 33.9% | - | - | - | 50.7% | - |
| FCF / Net income | 0.93 | - | - | - | 1.61 | - | - | - | 2.51 | - |
| R&D / Revenue | 12.5% | - | 13.3% | 14.5% | 14.5% | - | 13.7% | 15.4% | 16.6% | - |
| SG&A / Revenue | 12.9% | - | 15.3% | 15.8% | 14.5% | - | 15.2% | 17.0% | 17.7% | - |
| Effective tax rate | 21.8% | - | 13.3% | 24.4% | 23.1% | - | 17.1% | 19.1% | 11.9% | - |
| Return on assets | 4.3% | - | 4.2% | 3.4% | 3.5% | - | 5.1% | 3.8% | 3.6% | - |
| Return on equity | 5.3% | - | 5.0% | 3.9% | 4.1% | - | 6.1% | 4.6% | 4.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.79 | 5.91 | 4.77 | 5.00 | 4.92 | 5.31 | 6.42 | 6.77 | 6.34 | 7.74 |
| Quick ratio | 3.52 | 4.38 | 3.63 | 3.72 | 3.67 | 3.89 | 5.16 | 5.32 | 5.07 | 6.11 |
| Cash ratio | 2.18 | 2.98 | 2.44 | 2.05 | 1.75 | 2.35 | 2.08 | 1.87 | 1.57 | 2.25 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.21 | 1.19 | 1.18 | 1.17 | 1.16 | 1.15 | 1.21 | 1.21 | 1.22 | 1.19 |
| Liabilities / Assets | 0.17 | 0.16 | 0.15 | 0.14 | 0.14 | 0.13 | 0.18 | 0.17 | 0.18 | 0.16 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | - | 0.18 | 0.17 | 0.17 | - | 0.22 | 0.19 | 0.18 | - |
| Inventory turnover | 0.58 | - | 0.65 | 0.61 | 0.63 | - | 0.65 | 0.53 | 0.52 | - |
| Days sales outstanding | 137d | - | 120d | 107d | 123d | - | 97d | 114d | 155d | - |
| Days inventory outstanding | 629d | - | 558d | 600d | 584d | - | 561d | 687d | 704d | - |
| Days payable outstanding | 177d | - | 156d | 159d | 163d | - | 153d | 161d | 184d | - |
| Cash conversion cycle | 589d | - | 521d | 548d | 543d | - | 505d | 639d | 675d | - |
| Valuation | ||||||||||
| P / E | 278.9x | - | 248.2x | 263.1x | 207.9x | - | 313.4x | 400.8x | 358.4x | - |
| P / B | 14.6x | - | 12.4x | 10.3x | 8.5x | - | 19.2x | 18.3x | 15.7x | - |
| P / S | 66.9x | - | 60.0x | 52.8x | 43.7x | - | 73.0x | 79.3x | 72.4x | - |
| EV / EBITDA | 205.9x | - | - | - | 151.0x | - | - | - | 314.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 26.1% | - | 18.9% | 31.0% | 39.2% | - | 30.6% | 15.0% | - | - |
| Revenue CAGR (3y) | - | - | 14.2% | 13.0% | 12.2% | - | 24.2% | 20.0% | 21.6% | - |
| Revenue CAGR (5y) | 25.9% | - | 23.2% | 29.0% | 30.9% | - | 29.7% | 27.4% | 26.5% | - |
| Gross profit growth (YoY) | 26.0% | - | 18.3% | 30.5% | 39.9% | - | 30.3% | 13.3% | - | - |
| Operating income growth (YoY) | 42.9% | - | 19.0% | 41.4% | 76.7% | - | 21.0% | 3.7% | - | - |
| Net income growth (YoY) | 44.4% | - | 23.4% | 33.2% | 44.6% | - | 19.2% | 0.9% | - | - |
| EPS growth (YoY) | 40.5% | - | 25.8% | 35.6% | 47.6% | - | 19.0% | 0.5% | - | - |
| EPS CAGR (3y) | - | - | 13.0% | 5.5% | 7.3% | - | 27.0% | 20.9% | 25.8% | - |
| EPS CAGR (5y) | 32.8% | - | 25.7% | 34.1% | 29.4% | - | 35.7% | 35.4% | 26.7% | - |
| FCF growth (YoY) | -17.0% | - | - | - | -6.9% | - | - | - | - | - |
| FCF CAGR (5y) | 25.3% | - | - | - | 39.1% | - | - | - | - | - |
| Book value growth (YoY) | 12.6% | 12.3% | 51.7% | 54.9% | 54.6% | 53.5% | 20.9% | 19.4% | - | 22.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$2.79B totalCN$1.54B · 55.3%
TW$550.11M · 19.7%
KR$252.74M · 9.1%
South East Asia$148.14M · 5.3%
Europe$113.53M · 4.1%
US$96.74M · 3.5%
JP$84.44M · 3.0%
Other Region$484.0K · 0.0%
Peer comparison
Same SIC group: Semiconductors & Related Devices
Comparing MONOLITHIC POWER SYSTEMS INC against the 5 most active filers in the same SIC group.
Dividends
$6.68/share trailing 12 months · +25.8% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $2.0000 |
| Dec 31, 2025 | $1.5600 |
| Sep 30, 2025 | $1.5600 |
| Jun 30, 2025 | $1.5600 |
| Mar 31, 2025 | $1.5600 |
| Dec 31, 2024 | $1.2500 |
| Sep 30, 2024 | $1.2500 |
| Jun 28, 2024 | $1.2500 |
| Mar 27, 2024 | $1.2500 |
| Dec 28, 2023 | $1.0000 |
| Sep 28, 2023 | $1.0000 |
| Jun 29, 2023 | $1.0000 |
| Mar 30, 2023 | $1.0000 |
| Dec 29, 2022 | $0.7500 |
| Sep 29, 2022 | $0.7500 |
| Jun 29, 2022 | $0.7500 |
| Mar 30, 2022 | $0.7500 |
| Dec 30, 2021 | $0.6000 |
| Sep 29, 2021 | $0.6000 |
| Jun 29, 2021 | $0.6000 |
| Mar 30, 2021 | $0.6000 |
| Dec 30, 2020 | $0.5000 |
| Sep 29, 2020 | $0.5000 |
| Jun 29, 2020 | $0.5000 |