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Monolithic Power Systems, Inc.

MPWR Technology Semiconductors

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%
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

Monolithic Power Systems, Inc. (MPWR) Altman Z-score

Alert me on Altman Z-score

Monolithic Power Systems, Inc.'s Altman Z-score for fiscal 2025 is 42.05, in the safe zone (above 2.99).

Altman Z-score, annual

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Annual newest first

Period Altman Z-score Change (points)
FY2025 42.05 9.01
FY2024 33.03 (16.57)
FY2023 49.60 21.33
FY2022 28.27 (13.79)
FY2021 42.06 (0.84)
FY2020 42.90 15.64
FY2019 27.26 5.73
FY2018 21.52 (1.95)
FY2017 23.48 (3.58)
FY2016 27.06 0.80

How fiscal 2025’s score is made up

Component This year Year before Result Points
Working capital / total assets 0.43 — 0.52
Retained earnings / total assets 0.62 — 0.87
EBIT / total assets 0.17 — 0.57
Market value of equity / total liabilities 65.70 — 39.42
Sales / total assets 0.67 — 0.67
Altman Z-score Safe zone 42.05
Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) Safe zone 11.63

How the Altman Z-score works

Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.

Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.

Zone Z Z″
Safe zoneabove 2.99above 2.60
Grey zone1.81–2.991.10–2.60
Distress zonebelow 1.81below 1.10

Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.

Altman Z-score against peers

Company Altman Z-score
ALAB Astera Labs, Inc. compare 101×
CRDO Credo Technology Group Holding Ltd. compare 82.7×
MPWR Monolithic Power Systems, Inc. 42.0×
ON ON Semiconductor Corporation compare 4.6×
STM STMicroelectronics N.V. compare 3.7×
MCHP Microchip Technology Incorporated compare 3.7×
UMC United Microelectronics Corporation compare 3.3×
NXPI NXP Semiconductors N.V. compare 2.9×
ASX ASE Technology Holding Co., Ltd. compare 2.5×

What Altman Z-score is

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.

1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets

The full definition of Altman Z-score →

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