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Monolithic Power Systems

MPWR Clue Score70
United States Fiscal year ends December CIK 0001280452
$1,386.29 +1.20% Close, 9 Oct 2026
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Price $1,386.29 +200.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue388.7Operating income54.4Net income52.7EPS, diluted1.26Fiscal year 2017Revenue470.9 +21.2%Operating income77.4Net income65.2 +23.7%EPS, diluted1.50 +19.0%Fiscal year 2018Revenue582.4 +23.7%Operating income113.5Net income105.3 +61.4%EPS, diluted2.36 +57.3%Fiscal year 2019Revenue627.9 +7.8%Operating income102.6Net income108.8 +3.4%EPS, diluted2.38 +0.8%Fiscal year 2020Revenue844.5 +34.5%Operating income158.9Net income164.4 +51.0%EPS, diluted3.50 +47.1%Fiscal year 2021Revenue1,207.8 +43.0%Operating income262.4Net income242.0 +47.2%EPS, diluted5.05 +44.3%Fiscal year 2022Revenue1,794.1 +48.5%Operating income526.8Net income437.7 +80.8%EPS, diluted9.05 +79.2%Fiscal year 2023Revenue1,821.1 +1.5%Operating income481.7Net income427.4 −2.4%EPS, diluted8.76 −3.2%Fiscal year 2024Revenue2,207.1 +21.2%Operating income539.4Net income1,592.1 +272.5%EPS, diluted32.60 +272.1%Fiscal year 2025Revenue2,790.5 +26.4%Operating income728.6Net income621.5 −61.0%EPS, diluted12.86 −60.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 388.7 470.9 582.4 627.9 844.5 1,207.8 1,794.1 1,821.1 2,207.1 2,790.5
Growth +21.2% +23.7% +7.8% +34.5% +43.0% +48.5% +1.5% +21.2% +26.4%
Operating income 54.4 77.4 113.5 102.6 158.9 262.4 526.8 481.7 539.4 728.6
Net income 52.7 65.2 105.3 108.8 164.4 242.0 437.7 427.4 1,592.1 621.5
Growth +23.7% +61.4% +3.4% +51.0% +47.2% +80.8% −2.4% +272.5% −61.0%
EPS, diluted 1.26 1.50 2.36 2.38 3.50 5.05 9.05 8.76 32.60 12.86
Growth +19.0% +57.3% +0.8% +47.1% +44.3% +79.2% −3.2% +272.1% −60.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin54.3%Operating margin14.0%Net margin13.6%Free cash flow margin18.2%Fiscal year 2017Gross margin54.8%Operating margin16.4%Net margin13.8%Free cash flow margin14.5%Fiscal year 2018Gross margin55.4%Operating margin19.5%Net margin18.1%Free cash flow margin20.4%Fiscal year 2019Gross margin55.2%Operating margin16.3%Net margin17.3%Free cash flow margin19.2%Fiscal year 2020Gross margin55.2%Operating margin18.8%Net margin19.5%Free cash flow margin25.1%Fiscal year 2021Gross margin56.8%Operating margin21.7%Net margin20.0%Free cash flow margin18.7%Fiscal year 2022Gross margin58.4%Operating margin29.4%Net margin24.4%Free cash flow margin10.5%Fiscal year 2023Gross margin56.1%Operating margin26.5%Net margin23.5%Free cash flow margin31.9%Fiscal year 2024Gross margin55.3%Operating margin24.4%Net margin72.1%Free cash flow margin29.1%Fiscal year 2025Gross margin55.2%Operating margin26.1%Net margin22.3%Free cash flow margin23.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 54.3% 54.8% 55.4% 55.2% 55.2% 56.8% 58.4% 56.1% 55.3% 55.2%
Operating margin 14.0% 16.4% 19.5% 16.3% 18.8% 21.7% 29.4% 26.5% 24.4% 26.1%
Net margin 13.6% 13.8% 18.1% 17.3% 19.5% 20.0% 24.4% 23.5% 72.1% 22.3%
Free cash flow margin 18.2% 14.5% 20.4% 19.2% 25.1% 18.7% 10.5% 31.9% 29.1% 23.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow107.8Capital expenditure−37.1Free cash flow70.7Fiscal year 2017Operating cash flow133.8Capital expenditure−65.8Free cash flow68.1 −3.7%Dividends paid−33.9Fiscal year 2018Operating cash flow141.5Capital expenditure−22.5Free cash flow118.9 +74.8%Dividends paid−47.5Fiscal year 2019Operating cash flow216.3Capital expenditure−95.8Free cash flow120.5 +1.3%Dividends paid−67.3Fiscal year 2020Operating cash flow267.8Capital expenditure−55.6Free cash flow212.2 +76.1%Dividends paid−88.8Fiscal year 2021Operating cash flow320.0Capital expenditure−94.4Free cash flow225.6 +6.3%Buybacks0.0Dividends paid−109.4Fiscal year 2022Operating cash flow246.7Capital expenditure−58.8Free cash flow187.8 −16.7%Buybacks0.0Dividends paid−138.0Fiscal year 2023Operating cash flow638.2Capital expenditure−57.6Free cash flow580.6 +209.1%Buybacks−3.7Dividends paid−185.8Fiscal year 2024Operating cash flow788.4Capital expenditure−146.1Free cash flow642.3 +10.6%Buybacks−636.2Dividends paid−240.6Fiscal year 2025Operating cash flow838.2Capital expenditure−172.0Free cash flow666.2 +3.7%Buybacks−6.6Dividends paid−284.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 107.8 133.8 141.5 216.3 267.8 320.0 246.7 638.2 788.4 838.2
Capital expenditure −37.1 −65.8 −22.5 −95.8 −55.6 −94.4 −58.8 −57.6 −146.1 −172.0
Free cash flow 70.7 68.1 118.9 120.5 212.2 225.6 187.8 580.6 642.3 666.2
Growth −3.7% +74.8% +1.3% +76.1% +6.3% −16.7% +209.1% +10.6% +3.7%
Buybacks n/a n/a n/a n/a n/a 0.0 0.0 −3.7 −636.2 −6.6
Dividends paid n/a −33.9 −47.5 −67.3 −88.8 −109.4 −138.0 −185.8 −240.6 −284.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash112.7Shareholders’ equity431.1Fiscal year 2017Cash82.8Shareholders’ equity522.0Fiscal year 2018Cash172.7Shareholders’ equity640.1Fiscal year 2019Cash173.0Shareholders’ equity773.5Fiscal year 2020Cash334.9Shareholders’ equity966.6Fiscal year 2021Cash189.3Shareholders’ equity1,244.0Fiscal year 2022Cash288.6Shareholders’ equity1,668.6Fiscal year 2023Cash527.8Shareholders’ equity2,049.9Fiscal year 2024Cash691.8Shareholders’ equity2,951.1Fiscal year 2025Cash1,099.3Shareholders’ equity3,531.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 112.7 82.8 172.7 173.0 334.9 189.3 288.6 527.8 691.8 1,099.3
Shareholders’ equity 431.1 522.0 640.1 773.5 966.6 1,244.0 1,668.6 2,049.9 2,951.1 3,531.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
388.7 470.9 582.4 627.9 844.5 1,207.8 1,794.1 1,821.1 2,207.1 2,790.5
Growth +21.2% +23.7% +7.8% +34.5% +43.0% +48.5% +1.5% +21.2% +26.4%
177.8 212.6 259.7 281.6 378.5 522.3 745.6 800.0 986.2 1,250.7
210.9 258.3 322.7 346.3 466.0 685.5 1,048.6 1,021.1 1,220.9 1,539.7
Growth +22.5% +24.9% +7.3% +34.5% +47.1% +53.0% −2.6% +19.6% +26.1%
83.0 97.3 113.8 133.5 161.7 232.4 281.6 275.7 356.8 428.8
54.4 77.4 113.5 102.6 158.9 262.4 526.8 481.7 539.4 728.6
Growth +42.2% +46.6% −9.6% +54.9% +65.2% +100.7% −8.6% +12.0% +35.1%
57.3 82.9 118.5 113.1 169.3 272.2 524.9 505.8 572.9 766.2
4.5 17.7 13.2 4.3 5.0 30.2 87.3 78.5 −1,019.1 144.7
52.7 65.2 105.3 108.8 164.4 242.0 437.7 427.4 1,592.1 621.5
Growth +23.7% +61.4% +3.4% +51.0% +47.2% +80.8% −2.4% +272.5% −61.0%
Per share
1.30 1.58 2.49 2.52 3.67 5.28 9.37 8.98 32.76 12.94
1.26 1.50 2.36 2.38 3.50 5.05 9.05 8.76 32.60 12.86
Growth +19.0% +57.3% +0.8% +47.1% +44.3% +79.2% −3.2% +272.1% −60.6%
40.4 41.4 42.2 43.2 44.8 45.9 46.7 47.6 48.6 48.0
41.9 43.6 44.6 45.8 47.0 47.9 48.4 48.8 48.8 48.3
Growth +4.0% +2.3% +2.6% +2.7% +1.9% +1.0% +0.9% +0.1% −1.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 27.0% a year over five years, and earnings per share grew 29.7% a year.
  • The diluted share count rose 2.8% in five years, which is dilution.
  • Operating margin is up 7.3 points on five years ago, at 26.1%.
  • Profitable in every one of the 10 years on file.