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MPWR Financials Monolithic Power Systems

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
$0 $1B $3B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 36% 72% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 27% 54% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $333M $666M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $550M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$872M -$17M $838M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 63.8 127.6 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 14.2 28.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 0.4 0.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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 Sep '26, Monolithic Power Systems traded at a price-to-earnings ratio of about 96.0× (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.