Friday 23 October 2026 Export MPWR’s income statement to Excel — free account

Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 26.4% from fiscal 2024. In the quarter to June 2026, revenue grew 47.6%, EPS grew 87.8% and free cash flow fell 61.5%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

1,166.54 116.78 −9.10%

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Market cap: $57.4B
P/E: 71.1×
Fwd P/E: 53.5×
Dividend yield: 0.65%
F-score: 6/9
Altman Z: 42.05
Beneish M: −2.48
Dividend safety: 88/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 727.74

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	11	2	2	11	2	4	13	1	2	6	1	—

Insider Ownership 3.48%

Capital & Financial Ratios $m

Market Cap 57,400.00

Revenue 3,273.16

Net Income 801.95

Free Cash Flow 388.90

Net Debt (1,413.76)

Current Ratio 4.98

Debt/Equity 0.00

P/E ratio 71.09

Fwd P/E 53.50

P/S ratio 17.51

P/B ratio 14.72

Past 5Y EPS Growth 29.51%

This Y EPS Growth 55.54%

Next Y EPS Growth 32.43%

Next Y revenue growth 49.04%

Next 5Y EPS Growth 34.76%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 58.04%

10-year low 10-year high

P/S against its own 10 years 75.19%

10-year low 10-year high

P/B against its own 10 years 71.14%

10-year low 10-year high

EV/Sales against its own 10 years 76.48%

10-year low 10-year high

EV/FCF against its own 10 years 97.17%

10-year low 10-year high

Dividends

Payout Ratio 0.46

Annual Dividend Rate 7.56

Annual Dividend Yield 0.65%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	7.85	2.00 2.00 2.00
2025	6.24	1.56 1.56 1.56 1.56
2024	5.00	1.25 1.25 1.25 1.25
2023	4.00	1.00 1.00 1.00 1.00
2022	3.00	0.75 0.75 0.75 0.75
2021	2.40	0.60 0.60 0.60 0.60
2020	2.00	0.50 0.50 0.50 0.50
2019	1.60	0.40 0.40 0.40 0.40
2018	1.20	0.30 0.30 0.30 0.30
2017	0.80	0.20 0.20 0.20 0.20
2016	0.80	0.20 0.20 0.20 0.20

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,108	863	1,257	1,414
Receivables	180	173	256	344
Inventory	384	420	565	676
Other	147	110	107	44
	1,819	1,565	2,184	2,477

	2023	2024	2025	Q'26
Payables	63	103	138	182
ST’ Debt	—	—	—	—
Other	—	—	—	—
	235	295	369	498

Compound Annual Growth %

	10y	5y	3y
Sales	23.68%	27.00%	15.86%
Cash Flow	28.23%	25.63%	50.34%
Earnings	33.27%	30.47%	12.40%
Book Value	25.36%	29.58%	28.39%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	804	981	—	—	—
’25	638	665	737	751	2,790
’24	458	507	620	622	2,207
’23	451	441	475	454	1,821
’22	378	461	495	460	1,794
’21	254	293	324	337	1,208
’20	166	186	259	233	844

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	250	228	—	—	—
’25	256	238	239	105	838
’24	248	141	232	168	788
’23	219	90	176	153	638
’22	107	105	(18)	52	247
’21	77	97	118	28	320
’20	51	59	77	80	268

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	186	154	—	—	—
’25	216	399	(17)	63	663
’24	232	91	198	103	624
’23	210	82	149	140	581
’22	81	93	(25)	39	188
’21	58	58	98	11	225
’20	41	45	58	68	212

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	3.92	5.22	—	—	—
’25	2.79	2.78	3.71	3.46	12.75
’24	1.89	2.05	2.95	29.88	36.59
’23	2.26	2.04	2.48	1.98	8.76
’22	1.65	2.37	2.57	2.45	9.05
’21	0.95	1.16	1.44	1.51	5.05
’20	0.77	0.64	1.18	0.90	3.50

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	55.05	81.84	101.99	107.45	130.12	301.51	301.69	339.28	546.71	438.86		+25.9%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	88.09	126.80	152.21	183.46	367.05	580.00	541.39	647.12	959.64	1,123.38		+32.7%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	578	1,500	1,737	2,002	2,209	2,773	3,247	3,564	4,017	4,501		+25.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.67	0.31	0.34	0.31	0.38	0.44	0.55	0.51	0.55	0.62		(0.9%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	389	471	582	628	844	1,208	1,794	1,821	2,207	2,790		+24.5%	4,159	5,314	6,375	+31.7%
	Gross margin, %	54.26	54.85	55.40	55.15	55.18	56.75	58.44	56.07	55.32	55.18		+0.9 pt	Powerpack Monolithic Power Systems, Inc.’s next three years, line by line Analysts expect revenue to grow 31.7% a year to 2028 — faster than the 24.5% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	57	83	118	113	169	272	525	506	573	766		+33.4%
	EBT margin, %	14.73	17.61	20.34	18.02	20.05	22.54	29.26	27.78	25.96	27.46		+12.7 pt
	Net income	53	65	105	109	164	242	438	427	1,592	621		+31.5%
	Depreciation	14	16	14	16	22	33	41	35	16	48		+14.4%
Per share, $
Per share, $	Revenue	9.61	11.39	13.79	14.55	18.83	26.34	38.40	38.25	45.41	58.09		+22.1%
	Earnings	1.30	1.58	2.49	2.52	3.67	5.28	9.37	8.98	36.76	12.82		+29.0%
	Cash flow	2.67	3.24	3.35	5.01	5.97	6.98	5.28	13.41	16.22	17.45		+23.2%
	Capex	(0.92)	(1.59)	(0.53)	(2.03)	(1.24)	(2.08)	(1.26)	(1.21)	(3.38)	(3.64)		+16.5%
	Free cash flow	1.75	1.65	2.82	2.98	4.73	4.90	4.02	12.20	12.84	13.81		+25.8%
	Book value	10.66	12.62	15.15	17.92	21.56	27.13	35.71	43.06	60.72	73.52		+23.9%
	Shares, m	40	41	42	43	45	46	47	48	49	48		+1.9%
Valuation, ×
Valuation, ×	P/E	64.32	74.08	46.69	70.64	100.06	93.43	36.64	67.26	16.03	70.70		64.0
	P/S	8.70	10.21	8.43	12.24	19.45	18.73	8.93	15.79	13.03	15.60		13.1
	P/B	7.84	9.21	7.67	9.93	16.99	18.18	9.60	14.03	9.74	12.33		11.6
	EV/Sales	8.01	9.58	7.79	11.51	18.74	18.13	8.52	15.18	12.64	15.15		12.5
	EV/FCF	44.04	66.28	38.12	55.71	74.59	98.03	82.37	47.80	44.69	63.94		61.6
Cash, $m
Cash, $m	Operating cash flow	108	134	141	216	268	320	247	638	788	838		+25.6%
	Capex	(37)	(66)	(23)	(88)	(56)	(95)	(59)	(58)	(164)	(175)		+18.8%
	Free cash flow	71	68	119	129	212	225	188	581	624	663		+28.2%
Balance, $m
Balance, $m	Working capital	330	383	500	557	695	898	1,147	1,584	1,270	1,814		+20.8%
	Total debt	—	—	—	2	3	6	4	—	—	—		+26.0%
	Net debt	(268)	(299)	(377)	(455)	(595)	(725)	(738)	(1,108)	(863)	(1,257)		+18.7%
	Shareholders’ equity	431	522	640	773	967	1,244	1,669	2,050	2,951	3,531		+26.3%
Returns, %
Returns, %	ROA	11.19	11.21	14.56	12.44	15.19	17.32	24.02	19.02	53.51	16.12		+4.9 pt
	ROIC	20.89	21.71	26.99	20.15	26.73	31.61	35.37	31.98	16.14	20.02		(0.9) pt
	ROE	13.19	13.68	18.12	15.40	18.89	21.90	30.05	22.99	63.67	19.17		+6.0 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 5.88 Actual 6.50

4.14 5.18 6.21 7.24 8.28

Q3 FY25 Beat +0.11

Q4 FY25 Beat +0.06

Q1 FY26 Beat +0.21

Q2 FY26 Beat +0.62

Q3 FY26 — Oct 29

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	4.62	4.73	Beat by 0.11
Q4 FY25	4.73	4.79	Beat by 0.06
Q1 FY26	4.89	5.10	Beat by 0.21
Q2 FY26	5.88	6.50	Beat by 0.62
Q3 FY26	7.80	—	Reports 29 October 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ASX ASE Technology Holding Co., Ltd.	$93.3B	42.3×	34.9×	+23.62% (above 0%: growing)	+172.73% (above 0%: growing)	−338.02% (below 0%: shrinking)	21.01%	11.06%	Compare
MPWR Monolithic Power Systems, Inc.	$63.1B	71.1×	53.5×	+47.56% (above 0%: growing)	+87.81% (above 0%: growing)	−61.46% (below 0%: shrinking)	55.18%	30.99%
NXPI NXP Semiconductors N.V.	$61.1B	20.3×	15.6×	+19.48% (above 0%: growing)	+72.73% (above 0%: growing)	+14.42% (above 0%: growing)	57.27%	30.64%	Compare
ALAB Astera Labs, Inc.	$50.3B	119×	87.5×	+104.45% (above 0%: growing)	+187.10% (above 0%: growing)	−49.60% (below 0%: shrinking)	73.28%	22.74%	Compare
UMC United Microelectronics Corporation	$49.7B	17.3×	18.4×	+14.10% (above 0%: growing)	+350.00% (above 0%: growing)	+67.75% (above 0%: growing)	32.48%	21.75%	Compare
STM STMicroelectronics N.V.	$42.3B	83.1×	40.1×	+26.07% (above 0%: growing)	n/m	+107.00% (above 0%: growing)	34.84%	5.36%	Compare
MCHP Microchip Technology Incorporated	$41.9B	111×	34.0×	+38.05% (above 0%: growing)	n/m	+93.09% (above 0%: growing)	63.24%	22.68%	Compare
CRDO Credo Technology Group Holding Ltd.	$34.3B	55.5×	38.5×	+114.73% (above 0%: growing)	+89.19% (above 0%: growing)	+61.55% (above 0%: growing)	64.53%	25.20%	Compare
ON ON Semiconductor Corporation	$30.0B	46.3×	32.5×	+9.18% (above 0%: growing)	+41.46% (above 0%: growing)	+284.55% (above 0%: growing)	38.43%	16.13%	Compare
Median of peers	$46.0B	50.9×	34.5×	+24.85%	+130.96%	+64.65%	47.85%	22.22%

All 68 Semiconductors stocks →