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.
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Monolithic Power Systems, Inc. (MPWR) Price to free cash flow
As of 16 October 2026, Monolithic Power Systems, Inc. (MPWR) trades at a price to free cash flow of 155×. Over the past ten years it has ranged from 27.4× (January 2015) to 189× (October 2026); the current reading is higher than 98% of that period. That is above the Semiconductors industry median of 48.3× and above the Technology sector median of 20.0×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 65.8× | 42.90% |
| FY2024 | 46.1× | (7.33%) |
| FY2023 | 49.7× | (42.42%) |
| FY2022 | 86.3× | (14.74%) |
| FY2021 | 101× | 30.86% |
| FY2020 | 77.4× | 30.69% |
| FY2019 | 59.2× | 43.39% |
| FY2018 | 41.3× | (41.57%) |
| FY2017 | 70.7× | 47.74% |
| FY2016 | 47.8× | 2.83% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 177× | 107.96% |
| Mar 2026 | 85.1× | 29.20% |
| Dec 2025 | 65.8× | 4.61% |
| Sep 2025 | 62.9× | 61.26% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| ASX ASE Technology Holding Co., Ltd. compare | n/m |
| ON ON Semiconductor Corporation compare | 18.3× |
| NXPI NXP Semiconductors N.V. compare | 21.8× |
| UMC United Microelectronics Corporation compare | 26.4× |
| MCHP Microchip Technology Incorporated compare | 36.0× |
| CRDO Credo Technology Group Holding Ltd. compare | 72.0× |
| MPWR Monolithic Power Systems, Inc. | 155× |
| STM STMicroelectronics N.V. compare | 177× |
| ALAB Astera Labs, Inc. compare | 178× |
| Semiconductors industry median | 48.3× |
| Technology sector median | 20.0× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on MPWR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement