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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?

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.