Monolithic Power Systems, Inc. MPWR SPXAI

Technology · Semiconductors · United States

https://www.monolithicpower.com

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.

Market & Price

Market Cap

$76.95B

Current Price

$1,566.21

High / Low (52W)

$1,662.98 / $656.91

Beta

1.74

Valuation

Stock P/E

112.35

Industry PE

32.74

Forward P/E

51.93

PEG Ratio

2.15

Book Value

$74.85

Price to Book

20.92

P/S

26.02

EV/EBITDA

88.19

Dividend Yield

0.51%

Profitability & Returns

ROCE

19.05%

ROE

19.57%

ROA

12.13%

Profit Margin

22.98%

Op Margin

29.99%

EPS (Latest Qtr)

$3.92

EPS (TTM)

$13.94

Balance Sheet & Liquidity

Debt/Equity

0.54

Quick Ratio

3.43

Current Ratio

4.79

Debt

$19.97M

Total Assets

$4.19B

Current Assets

$2.18B

Working Capital

$1.81B

Ownership

Promoter Holding

3.69%

Chg in Prom Hold

FII / Inst Holding

100.88%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$75.60B

Total Revenue (TTM)

$2.96B

EBITDA

$857.20M

Free Cash Flow

$491.72M

Operating Cash Flow

$832.07M

Shares Outstanding

49.13M

Gross Margin

55.17%

Payout Ratio

47.82%

Growth (CAGR)

Revenue 5Y

15.86%

Profit 5Y

12.40%

Revenue (YoY)

26.10%

Earnings (YoY)

39.50%

PROS

Excellent profit margin of 23.0%.
Compounding revenue at 15.9% over 5 years.
Profit CAGR of 12.4% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 112.4.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	MPWR Monolithic Power Systems, Inc. SPXAI	1,566.21	112.35	$76.95B	0.51%	19.05%	19.57%	15.86%	12.40%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Mar 2015	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	100.36M	112.20M	128.94M	129.43M	129.15M	139.76M	159.97M	153.50M	141.36M	151.01M	168.81M	166.74M	165.78M	186.21M	259.42M	254.46M	293.32M	323.52M	377.71M	461.00M	495.42M	451.06M	441.13M	474.87M	457.88M	507.43M	620.12M	637.55M	664.57M	737.18M	751.15M	804.18M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	284.32M	298.56M	330.95M	336.89M	359.12M
Gross Profit	39.68M	44.13M	49.44M	46.92M	45.51M	50.93M	57.92M	56.51M	54.84M	61.42M	70.86M	71.16M	71.50M	77.56M	89.02M	84.59M	78.01M	83.22M	93.16M	91.94M	91.45M	102.59M	143.04M	141.06M	164.22M	186.31M	218.88M	270.96M	290.90M	258.78M	247.68M	263.54M	252.44M	280.58M	343.44M	353.23M	366.02M	406.23M	414.27M	445.06M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184.47M	201.26M	211.04M	214.33M	203.91M
Operating Income	5.86M	10.11M	13.31M	11.79M	10.38M	11.53M	15.00M	17.54M	13.57M	14.97M	23.83M	25.05M	22.04M	24.88M	33.49M	33.08M	21.72M	20.12M	30.03M	30.69M	30.99M	27.95M	59.98M	46.09M	60.63M	77.13M	96.13M	141.89M	151.87M	124.28M	112.33M	135.57M	95.49M	116.54M	164.03M	168.76M	164.76M	195.18M	199.94M	241.15M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	180.21M	177.88M	208.88M	214.18M	256.26M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173.89M	176.98M	205.57M	209.77M	247.18M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38.84M	43.25M	27.30M	34.08M	53.96M
Net Income	5.96M	7.90M	11.20M	10.11M	10.57M	11.20M	14.37M	16.57M	14.48M	15.01M	23.64M	12.07M	21.86M	24.21M	31.57M	27.64M	26.18M	20.69M	29.53M	32.44M	35.76M	30.17M	55.57M	45.41M	55.17M	68.77M	79.57M	114.68M	124.34M	109.80M	99.50M	121.16M	92.54M	100.37M	144.43M	135.05M	133.73M	178.27M	175.69M	193.23M
Diluted EPS	0.15	0.19	0.28	0.24	0.25	0.27	0.34	0.39	0.33	0.35	0.54	0.27	0.49	0.55	0.71	0.61	0.58	0.45	0.64	0.70	0.77	0.64	1.18	0.95	1.16	1.44	1.65	2.37	2.57	2.26	2.04	2.48	1.89	2.05	2.95	2.81	2.78	3.71	3.46	3.92

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	388.67M	470.93M	582.38M	627.92M	844.45M	-	1.79B	1.82B	2.21B	2.79B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	745.60M	799.95M	986.23M	1.25B
Gross Profit	97.68M	121.46M	101.59M	113.15M	127.90M	152.62M	180.17M	210.87M	258.28M	322.67M	346.32M	465.95M	-	1.05B	1.02B	1.22B	1.54B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	521.77M	539.38M	681.51M	811.11M
Operating Income	19.53M	30.50M	13.42M	17.28M	23.91M	35.30M	41.07M	54.45M	77.42M	113.49M	102.56M	158.88M	-	526.78M	481.74M	539.36M	728.64M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	563.90M	521.90M	575.79M	781.15M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	524.94M	505.84M	572.91M	766.22M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	87.27M	78.47M	-1.02B	144.73M
Net Income	-	29.56M	13.30M	15.76M	22.90M	35.49M	35.17M	52.72M	65.20M	105.27M	108.84M	164.38M	-	437.67M	427.37M	1.59B	621.48M
Diluted EPS	0.54	0.78	0.38	0.43	0.59	0.89	0.86	1.26	1.50	2.36	2.38	3.50	-	9.05	8.76	36.59	12.86
R&D Expense	38.30M	44.37M	44.52M	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Compounded Sales Growth

5 Years:	15.86%
1 Year:	26.10%

Compounded Profit Growth

5 Years:	12.40%
1 Year:	39.50%

Stock Price Performance

1 Year:	+138.42%
6 Months:	+73.01%
3 Months:	+37.33%
1 Month:	+2.58%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Total Assets	-	-	281.60M	273.87M	287.16M	368.91M	399.37M	431.29M	511.13M	652.57M	793.43M	956.38M	1.21B	-	2.06B	2.43B	3.52B	3.71B	3.87B	4.11B	4.19B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.41B	1.82B	1.57B	-	-	-	2.18B
Cash & Equivalents	83.27M	46.72M	48.01M	96.37M	75.10M	101.21M	126.27M	90.86M	112.70M	82.76M	172.70M	172.96M	334.94M	-	288.61M	527.84M	691.82M	637.35M	787.38M	1.08B	1.10B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	447.29M	383.70M	419.61M	-	-	-	564.65M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182.71M	179.86M	172.52M	-	-	-	255.63M
Total Liabilities	-	-	34.71M	30.99M	28.87M	45.51M	52.94M	62.77M	80.01M	130.56M	153.34M	182.88M	241.90M	-	390.28M	384.41M	564.70M	631.51M	662.29M	729.88M	662.70M
Current Liabilities	-	-	28.97M	26.07M	23.46M	38.49M	36.86M	43.28M	52.92M	65.92M	80.44M	98.22M	146.97M	-	263.40M	235.03M	294.57M	363.40M	383.51M	442.80M	369.37M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.66M	5.57M	12.97M	-	-	-	19.97M
Total Equity	-	212.96M	246.90M	242.88M	258.29M	323.40M	346.43M	368.52M	431.12M	522.01M	640.09M	773.49M	966.59M	-	1.67B	2.05B	2.95B	3.07B	3.21B	3.38B	3.53B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47.11M	48.03M	47.82M	-	-	-	48.71M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	31.76M	48.49M	43.69M	24.91M	-	-	69.74M	107.79M	133.82M	141.45M	216.30M	267.80M	-	246.67M	638.21M	788.41M	838.20M
Investing Cash Flow	-82.13M	-33.75M	36.22M	-26.84M	-	-	-57.20M	-55.73M	-134.06M	-14.74M	-167.11M	-39.18M	-	-12.51M	-178.73M	223.05M	-157.27M
Financing Cash Flow	13.62M	-14.05M	-31.98M	-19.55M	-	-	-46.65M	-28.13M	-31.32M	-34.56M	-48.05M	-71.56M	-	-128.78M	-183.72M	-872.23M	-285.86M
Capital Expenditure	-9.95M	-22.78M	-21.02M	-21.06M	-15.76M	-9.51M	-16.02M	-37.11M	-65.77M	-22.53M	-95.81M	-55.61M	-	-58.84M	-57.58M	-164.29M	-174.94M
Free Cash Flow	21.81M	25.71M	22.66M	3.85M	-	-	53.71M	70.67M	68.05M	118.92M	120.50M	212.19M	-	187.83M	580.63M	624.12M	663.26M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	105.38M	275.76M	139.23M	395.07M
Share Buybacks	-	31.53M	38.47M	-	20.61M	41.20M	32.29M	-	-	-	-	-	0	0	3.70M	636.20M	6.60M
Dividends Paid	-	-	-	35.66M	-	-	-	-	33.93M	47.48M	67.29M	88.79M	109.36M	137.97M	185.84M	240.62M	284.80M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	54.3%	54.8%	55.4%	55.2%	55.2%	-	58.4%	56.1%	55.3%	55.2%
Operating Margin %	-	-	-	-	-	-	-	14.0%	16.4%	19.5%	16.3%	18.8%	-	29.4%	26.5%	24.4%	26.1%
Net Margin %	-	-	-	-	-	-	-	13.6%	13.8%	18.1%	17.3%	19.5%	-	24.4%	23.5%	72.1%	22.3%
ROE %	-	12.0%	5.5%	6.1%	7.1%	10.2%	9.5%	12.2%	12.5%	16.4%	14.1%	17.0%	-	26.2%	20.8%	53.9%	17.6%
ROCE %	-	12.1%	5.4%	6.6%	7.2%	9.7%	10.6%	11.9%	13.2%	15.9%	12.0%	15.0%	-	29.3%	21.9%	16.7%	19.1%

Shareholding Pattern

Insiders

3.69%

Institutions

100.88%

Public Float

104.75%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	12.36%	6.07M	$9.51B
2	FMR, LLC	8.96%	4.40M	$6.89B
3	Vanguard Capital Management LLC	6.28%	3.08M	$4.83B
4	Vanguard Portfolio Management LLC	5.12%	2.52M	$3.94B
5	State Street Corporation	4.45%	2.19M	$3.43B
6	Invesco Ltd.	3.02%	1.49M	$2.33B
7	Geode Capital Management, LLC	2.91%	1.43M	$2.24B
8	Price (T.Rowe) Associates Inc	2.57%	1.26M	$1.98B
9	Franklin Resources, Inc.	1.89%	928.67K	$1.45B
10	T. Rowe Price Investment Management, Inc.	1.47%	721.62K	$1.13B

Analyst View

Loading analyst coverage…

Latest News

Recent headlines for MPWR

No recent headlines available.

MPWR · Technology