15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 27.0% per year over the past 5 years.
Net income has grown faster than revenue (30.5% vs 27.0% per year).
Operating margin has expanded, at 26.1% in the latest year.
Free cash flow has grown 25.7% per year over the past 5 years.
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 45.8% of earnings and 42.8% of free cash flow.
The dividend has grown 26.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.8B
$621M
55.2%
26.1%
$666M
—
$1.1B
2024
$2.2B
$1.6B
55.3%
24.4%
$642M
—
$692M
2023
$1.8B
$427M
56.1%
26.5%
$581M
—
$528M
2022
$1.8B
$438M
58.4%
29.4%
$188M
—
$289M
2021
$1.2B
$242M
56.8%
21.7%
$226M
—
$189M
2020
$844M
$164M
55.2%
18.8%
$212M
—
$335M
2019
$628M
$109M
55.2%
16.3%
$120M
—
$173M
2018
$582M
$105M
55.4%
19.5%
$119M
—
$173M
2017
$471M
$65M
54.8%
16.4%
$68M
—
$83M
2016
$389M
$53M
54.3%
14.0%
$71M
—
$113M
2015
—
$35M
—
—
$54M
—
$91M
2014
—
$35M
—
—
—
—
$126M
2013
—
$23M
—
—
—
—
$101M
2012
—
$16M
—
—
$4M
—
$75M
2011
—
$13M
—
—
$23M
—
$96M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$804M
$193M
55.3%
30.0%
$179M
—
$1.1B
Dec '25
$751M
$176M
55.2%
26.6%
$64M
—
$1.1B
Sep '25
$737M
$180M
55.1%
26.5%
$197M
—
$1.1B
Jun '25
$665M
$135M
55.1%
24.8%
$189M
—
$787M
Mar '25
$638M
$135M
55.4%
26.5%
$216M
—
$637M
Dec '24
$622M
$1.3B
55.4%
26.3%
$103M
—
$692M
Sep '24
$620M
$144M
55.4%
26.5%
$198M
—
$700M
Jun '24
$507M
$100M
55.3%
23.0%
$109M
—
$550M
Mar '24
$458M
$93M
55.1%
20.9%
$232M
—
$488M
Dec '23
$454M
$97M
55.3%
24.1%
$140M
—
$528M
Sep '23
$475M
$121M
55.5%
28.5%
$149M
—
$421M
Jun '23
$441M
$100M
56.1%
25.5%
$82M
—
$507M
Mar '23
$451M
$110M
57.4%
27.6%
$210M
—
$489M
Dec '22
$460M
$119M
58.2%
29.8%
$39M
—
$289M
Sep '22
$495M
$124M
58.7%
30.7%
-$25M
—
$316M
Jun '22
$461M
$115M
58.8%
30.8%
$93M
—
$343M
Mar '22
$378M
$80M
57.9%
25.5%
$81M
—
$261M
Dec '21
$337M
$73M
57.6%
23.3%
$11M
—
$189M
Sep '21
$324M
$69M
57.6%
23.8%
$99M
—
$226M
Jun '21
$293M
$55M
56.0%
20.7%
$58M
—
$220M
Valuation over time
How the market has priced MPWR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 56.2× (Mar '23) to 112.2× (Jun '26).
The price-to-sales ratio has risen from 13.7× (Mar '23) to 25.0× (Jun '26).
The dividend yield has fallen from 0.6% (Mar '23) to 0.4% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is MPWR growing its revenue and profit?
Over the past 5 years, Monolithic Power Systems's revenue has grown 27.0% per year, and net income grown 30.5% per year. These are computed facts, not advice.
How much debt does MPWR have?
As of FY2025, Monolithic Power Systems reported — of total debt against $1.1B of cash.
What is MPWR's profit margin?
In FY2025, gross margin was 55.2%, operating margin 26.1%, and net margin 22.3%.
What is MPWR's P/E ratio?
As of Jun '26, Monolithic Power Systems traded at a price-to-earnings ratio of about 112.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.