MPWR

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Monolithic Power Systems, Inc.

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Key Metrics

Previous Close: $1,300.14
52-Week Range: $800.97 – $1,714.09
Market Cap: $64.41B
P/E (TTM): 80.01
EPS (TTM): 16.38
Dividend Yield: 0.62%

Advanced Metrics

Price/Book: 16.53
PEG Ratio: 1.30
Return on Equity: 21.98%
Return on Assets: 13.57%
Gross Margin: 55.20%
Operating Margin: 30.99%
Profit Margin: 24.50%
Current Ratio: 4.97
Debt/Equity: 0.00
Total Debt: $18.93M
Free Cash Flow: $444.32M
Revenue Growth: 47.60%
Earnings Growth: 85.80%
Enterprise Value: $62.50B

MPWR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.79B	$1.82B	$2.21B	$2.79B
Cost of Revenue	$745.60M	$799.95M	$986.23M	$1.25B
Gross Profit	$1.05B	$1.02B	$1.22B	$1.54B
Research & Development	$240.17M	$263.64M	$324.75M	$382.26M
Selling, General & Admin	$281.60M	$275.74M	$356.76M	$428.84M
Operating Expenses	$521.77M	$539.38M	$681.51M	$811.11M
Operating Income	$526.78M	$481.74M	$539.36M	$728.64M
EBITDA	$563.90M	$521.90M	$575.79M	$781.15M
Pretax Income	$524.94M	$505.84M	$572.91M	$766.22M
Income Tax	$87.27M	$78.47M	-$1.02B	$144.73M
Net Income	$437.67M	$427.37M	$1.59B	$621.48M
Diluted EPS	9.05	8.76	36.59	12.75
Diluted Shares	48.36M	48.77M	48.84M	48.31M

MPWR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$288.61M	$527.84M	$691.82M	$1.10B
Receivables	$197.19M	$250.00M	$232.52M	$315.63M
Inventory	$447.29M	$383.70M	$419.61M	$564.65M
Current Assets	$1.41B	$1.82B	$1.57B	$2.18B
Total Assets	$2.06B	$2.43B	$3.52B	$4.19B
Current Liabilities	$263.40M	$235.03M	$294.57M	$369.37M
Total Debt	$1.66M	$5.57M	$12.97M	$19.97M
Total Liabilities	$390.28M	$384.41M	$564.70M	$662.70M
Retained Earnings	$716.40M	$947.06M	$2.29B	$2.61B
Shareholders' Equity	$1.67B	$2.05B	$2.95B	$3.53B
Working Capital	$1.15B	$1.58B	$1.27B	$1.81B

MPWR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$246.67M	$638.21M	$788.41M	$838.20M
Capital Expenditure	-$58.84M	-$57.58M	-$164.29M	-$174.94M
Free Cash Flow	$187.83M	$580.63M	$624.12M	$663.26M
Depreciation & Amortisation	$37.11M	$40.17M	$36.43M	$52.51M
Stock-Based Compensation	$160.99M	$149.71M	$205.64M	$227.49M
Investing Cash Flow	-$12.51M	-$178.73M	$223.05M	-$157.27M
Financing Cash Flow	-$128.78M	-$183.72M	-$872.23M	-$285.86M
Dividends Paid	-$137.97M	-$185.84M	-$240.62M	-$284.80M
Share Repurchases	$0.00	-$3.74M	-$636.24M	-$7.69M
Net Change in Cash	$105.38M	$275.76M	$139.23M	$395.07M

MPWR Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$664.57M	$737.18M	$751.15M	$804.18M	—
Cost of Revenue	$298.56M	$330.95M	$336.89M	$359.12M	—
Gross Profit	$366.02M	$406.23M	$414.27M	$445.06M	—
Research & Development	$96.27M	$98.17M	$95.60M	$100.57M	—
Selling, General & Admin	$104.99M	$112.87M	$118.73M	$103.35M	—
Operating Expenses	$201.26M	$211.04M	$214.33M	$203.91M	—
Operating Income	$164.76M	$195.18M	$199.94M	$241.15M	—
EBITDA	$177.88M	$208.88M	$214.18M	$256.26M	—
Pretax Income	$176.98M	$205.57M	$209.77M	$247.18M	—
Income Tax	$43.25M	$27.30M	$34.08M	$53.96M	—
Net Income	$133.73M	$178.27M	$175.69M	$193.23M	—
Diluted EPS	2.78	3.71	3.46	3.92	5.22
Diluted Shares	48.02M	48.04M	49.17M	49.24M	49.26M

MPWR Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$637.35M	$787.38M	$1.08B	$1.10B	$1.06B
Receivables	$214.87M	$194.82M	$241.56M	$315.63M	$302.14M
Inventory	$454.79M	$490.64M	$505.68M	$564.65M	$619.16M
Current Assets	$1.79B	$1.92B	$2.11B	$2.18B	$2.33B
Total Assets	$3.81B	$3.97B	$4.21B	$4.19B	$4.45B
Current Liabilities	$363.40M	$383.51M	$442.80M	$369.37M	$486.96M
Total Debt	$14.47M	$15.94M	$15.08M	$19.97M	$19.97M
Total Liabilities	$538.75M	$570.14M	$638.45M	$662.70M	$771.46M
Retained Earnings	$2.55B	$2.60B	$2.71B	$2.61B	$2.70B
Shareholders' Equity	$3.27B	$3.40B	$3.57B	$3.53B	$3.68B
Working Capital	$1.42B	$1.54B	$1.67B	$1.81B	$1.84B

MPWR Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$256.39M	$237.64M	$239.27M	$104.91M	$250.25M
Capital Expenditure	-$40.34M	-$50.14M	-$43.04M	-$41.41M	-$70.85M
Free Cash Flow	$216.04M	$187.49M	$196.22M	$63.50M	$179.40M
Depreciation & Amortisation	$11.45M	$13.12M	$13.70M	$14.24M	$15.11M
Stock-Based Compensation	$52.81M	$60.10M	$60.68M	$53.91M	$41.10M
Investing Cash Flow	-$257.49M	-$15.80M	$127.56M	-$11.55M	-$212.32M
Financing Cash Flow	-$55.92M	-$79.41M	-$73.24M	-$77.30M	-$75.27M
Dividends Paid	-$60.01M	-$75.06M	-$74.91M	-$74.82M	-$78.40M
Share Repurchases	$0.00	-$3.69M	-$2.02M	-$1.98M	—
Net Change in Cash	-$57.01M	$142.43M	$293.59M	$16.06M	-$37.34M

Market Snapshot

About

Designs and manufactures high-performance analog and mixed-signal semiconductors for power management and conversion applications. Products serve computing, storage, automotive, industrial, communications, and consumer markets. Known for integrated power solutions that improve efficiency and reduce size.