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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.79B | $2.21B | $1.82B | $1.79B | $1.21B | $844.45M |
| Cost of Revenue | $1.25B | $986.23M | $799.95M | $745.60M | $522.34M | $378.50M |
| Gross Profit | $1.54B | $1.22B | $1.02B | $1.05B | $685.46M | $465.95M |
| R&D | $382.26M | $324.75M | $263.64M | $240.17M | $190.63M | $137.60M |
| SG&A | $428.84M | $356.76M | $275.74M | $273.60M | $226.19M | $161.67M |
| Total Operating Expenses | $811.11M | $681.51M | $539.38M | $521.77M | $423.04M | $307.07M |
| D&A | $52.51M | $36.43M | $40.17M | $37.11M | $28.70M | $19.19M |
| Operating Income | $728.64M | $539.36M | $481.74M | $526.78M | $262.42M | $158.88M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $144.73M | ($1.21B) | $78.47M | $87.27M | $30.20M | $4.97M |
| Net Income | $621.48M | $1.79B | $427.37M | $437.67M | $242.02M | $164.38M |
| EPS - Basic | $12.94 | $36.76 | $8.98 | $9.37 | $5.28 | $3.67 |
| EPS - Diluted | $12.86 | $36.59 | $8.76 | $9.05 | $5.05 | $3.50 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.10B | $691.82M | $527.84M | $288.61M | $189.26M | $334.94M |
| Accounts Receivable | $255.63M | $172.52M | $179.86M | $182.71M | $104.81M | $66.84M |
| Inventory | $564.65M | $419.61M | $383.70M | $447.29M | $259.42M | $157.06M |
| Accounts Payable | $138.27M | $102.53M | $62.96M | $61.46M | $83.03M | $38.17M |
| Current Assets | $2.18B | $1.57B | $1.82B | $1.41B | $1.12B | $842.00M |
| Total Assets | $4.19B | $3.62B | $2.43B | $2.06B | $1.59B | $1.21B |
| Current Liabilities | $369.37M | $294.57M | $235.03M | $263.40M | $226.94M | $146.97M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $662.70M | $471.33M | $384.41M | $390.28M | $341.84M | $241.90M |
| Stockholders' Equity | $3.53B | $3.15B | $2.05B | $1.67B | $1.24B | $966.59M |
| Retained Earnings | $2.61B | $2.49B | $947.06M | $716.40M | $424.88M | $298.75M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $838.20M | $788.41M | $638.21M | $246.67M | $320.01M | $267.80M |
| Investing Cash Flow | ($157.27M) | $223.05M | ($178.73M) | ($12.51M) | ($378.89M) | ($39.18M) |
| Financing Cash Flow | ($285.86M) | ($872.23M) | ($183.72M) | ($128.78M) | ($90.21M) | ($71.56M) |
| CapEx | $172.01M | $146.12M | $57.58M | $58.84M | $94.44M | $55.64M |
| Free Cash Flow | $666.19M | $642.29M | $580.63M | $187.83M | $225.56M | $212.16M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 55.2% | 55.3% | 56.1% | 58.4% | 56.8% | 55.2% |
| Operating margin | 26.1% | 24.4% | 26.5% | 29.4% | 21.7% | 18.8% |
| EBITDA margin | 28.0% | 26.1% | 28.7% | 31.4% | 24.1% | 21.1% |
| Net margin | 22.3% | 81.0% | 23.5% | 24.4% | 20.0% | 19.5% |
| Free cash flow margin | 23.9% | 29.1% | 31.9% | 10.5% | 18.7% | 25.1% |
| FCF / Net income | 1.07 | 0.36 | 1.36 | 0.43 | 0.93 | 1.29 |
| R&D / Revenue | 13.7% | 14.7% | 14.5% | 13.4% | 15.8% | 16.3% |
| SG&A / Revenue | 15.4% | 16.2% | 15.1% | 15.2% | 18.7% | 19.1% |
| Effective tax rate | 18.9% | -211.9% | 15.5% | 16.6% | 11.1% | 2.9% |
| Return on assets | 14.8% | 49.4% | 17.6% | 21.3% | 15.3% | 13.6% |
| Return on equity | 17.6% | 56.8% | 20.8% | 26.2% | 19.5% | 17.0% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 5.91 | 5.31 | 7.74 | 5.36 | 4.96 | 5.73 |
| Quick ratio | 4.38 | 3.89 | 6.11 | 3.66 | 3.81 | 4.66 |
| Cash ratio | 2.98 | 2.35 | 2.25 | 1.10 | 0.83 | 2.28 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.19 | 1.15 | 1.19 | 1.23 | 1.27 | 1.25 |
| Liabilities / Assets | 0.16 | 0.13 | 0.16 | 0.19 | 0.22 | 0.20 |
| Efficiency | ||||||
| Asset turnover | 0.67 | 0.61 | 0.75 | 0.87 | 0.76 | 0.70 |
| Inventory turnover | 2.22 | 2.35 | 2.08 | 1.67 | 2.01 | 2.41 |
| Days sales outstanding | 33d | 29d | 36d | 37d | 32d | 29d |
| Days inventory outstanding | 165d | 155d | 175d | 219d | 181d | 151d |
| Days payable outstanding | 40d | 38d | 29d | 30d | 58d | 37d |
| Cash conversion cycle | 158d | 146d | 182d | 226d | 155d | 144d |
| Valuation | ||||||
| P / E | 70.5x | 16.2x | 72.0x | 39.1x | 97.7x | 104.6x |
| P / B | 12.4x | 9.2x | 15.0x | 10.2x | 19.0x | 17.8x |
| P / S | 15.7x | 13.1x | 16.9x | 9.5x | 19.6x | 20.4x |
| EV / EBITDA | 54.6x | 49.0x | 57.9x | 29.8x | 80.5x | 94.8x |
| Growth | ||||||
| Revenue growth (YoY) | 26.4% | 21.2% | 1.5% | 48.5% | 43.0% | 34.5% |
| Revenue CAGR (3y) | 15.9% | 22.3% | 29.2% | 41.9% | 45.9% | 21.5% |
| Revenue CAGR (5y) | 27.0% | 28.6% | 36.2% | 30.7% | 25.5% | 20.5% |
| Gross profit growth (YoY) | 26.1% | 19.6% | -2.6% | 53.0% | 47.1% | 34.5% |
| Operating income growth (YoY) | 35.1% | 12.0% | -8.6% | 100.7% | 65.2% | 54.9% |
| Net income growth (YoY) | -65.2% | 318.1% | -2.4% | 80.8% | 47.2% | 51.0% |
| EPS growth (YoY) | -64.9% | 317.7% | -3.2% | 79.2% | 44.3% | 47.1% |
| EPS CAGR (3y) | 12.4% | 93.5% | 35.8% | 56.1% | 28.9% | 32.6% |
| EPS CAGR (5y) | 29.7% | 72.7% | 30.0% | 43.3% | 32.0% | 32.4% |
| FCF growth (YoY) | 3.7% | 10.6% | 209.1% | -16.7% | 6.3% | 76.1% |
| FCF CAGR (5y) | 25.7% | 39.7% | 37.3% | 34.9% | 26.1% | 31.6% |
| Book value growth (YoY) | 12.3% | 53.5% | 22.9% | 34.1% | 28.7% | 25.0% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
4.28
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
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 |