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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$2.8B
$621M
55.2%
26.1%
17.6%
14.8%
$666M
—
$1.1B
2024
$2.2B
$1.6B
55.3%
24.4%
53.9%
45.3%
$642M
—
$692M
2023
$1.8B
$427M
56.1%
26.5%
20.8%
17.6%
$581M
—
$528M
2022
$1.8B
$438M
58.4%
29.4%
26.2%
21.3%
$188M
—
$289M
2021
$1.2B
$242M
56.8%
21.7%
19.5%
15.3%
$226M
—
$189M
2020
$844M
$164M
55.2%
18.8%
17.0%
13.6%
$212M
—
$335M
2019
$628M
$109M
55.2%
16.3%
14.1%
11.4%
$120M
—
$173M
2018
$582M
$105M
55.4%
19.5%
16.4%
13.3%
$119M
—
$173M
2017
$471M
$65M
54.8%
16.4%
12.5%
10.0%
$68M
—
$83M
2016
$389M
$53M
54.3%
14.0%
12.2%
10.3%
$71M
—
$113M
2015
—
$35M
—
—
9.5%
8.2%
$54M
—
$91M
2014
—
$35M
—
—
10.2%
8.9%
—
—
$126M
2013
—
$23M
—
—
7.1%
6.2%
—
—
$101M
2012
—
$16M
—
—
6.1%
5.5%
$4M
—
$75M
2011
—
$13M
—
—
5.5%
4.9%
$23M
—
$96M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$981M
$257M
55.2%
31.0%
6.6%
5.5%
$145M
—
$1.0B
Mar '26
$804M
$193M
55.3%
30.0%
5.3%
4.3%
$179M
—
$1.1B
Dec '25
$751M
$176M
55.2%
26.6%
5.0%
4.2%
$64M
—
$1.1B
Sep '25
$737M
$180M
55.1%
26.5%
5.3%
4.4%
$197M
—
$1.1B
Jun '25
$665M
$135M
55.1%
24.8%
4.2%
3.5%
$189M
—
$787M
Mar '25
$638M
$135M
55.4%
26.5%
4.4%
3.6%
$216M
—
$637M
Dec '24
$622M
$1.3B
55.4%
26.3%
42.5%
35.7%
$103M
—
$692M
Sep '24
$620M
$144M
55.4%
26.5%
6.1%
5.1%
$198M
—
$700M
Jun '24
$507M
$100M
55.3%
23.0%
4.6%
3.8%
$109M
—
$550M
Mar '24
$458M
$93M
55.1%
20.9%
4.4%
3.6%
$232M
—
$488M
Dec '23
$454M
$97M
55.3%
24.1%
4.7%
4.0%
$140M
—
$528M
Sep '23
$475M
$121M
55.5%
28.5%
6.2%
5.2%
$149M
—
$421M
Jun '23
$441M
$100M
56.1%
25.5%
5.4%
4.5%
$82M
—
$507M
Mar '23
$451M
$110M
57.4%
27.6%
6.2%
4.9%
$210M
—
$489M
Dec '22
$460M
$119M
58.2%
29.8%
7.1%
5.8%
$39M
—
$289M
Sep '22
$495M
$124M
58.7%
30.7%
8.1%
6.4%
-$25M
—
$316M
Jun '22
$461M
$115M
58.8%
30.8%
8.1%
6.4%
$93M
—
$343M
Mar '22
$378M
$80M
57.9%
25.5%
6.0%
4.6%
$81M
—
$261M
Dec '21
$337M
$73M
57.6%
23.3%
5.8%
4.6%
$11M
—
$189M
Sep '21
$324M
$69M
57.6%
23.8%
5.9%
4.6%
$99M
—
$226M
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 98.4× (Nov '26).
The price-to-sales ratio has risen from 13.7× (Mar '23) to 21.9× (Nov '26).
The dividend yield has fallen from 0.6% (Mar '23) to 0.5% (Nov '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?
Monolithic Power Systems's P/E (TTM) is 75.85 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MPWR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 98.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.