This page shows Monolithic Power (MPWR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Monolithic Power has an operating margin of 26.1%, meaning the company retains $26 of operating profit per $100 of revenue. This strong profitability earns a score of 80/100, reflecting efficient cost management and pricing power. This is up from 24.4% the prior year.
Monolithic Power's revenue surged 26.4% year-over-year to $2.8B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Monolithic Power carries a low D/E ratio of 0.19, meaning only $0.19 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.91, Monolithic Power holds $5.91 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Monolithic Power converts 23.9% of revenue into free cash flow ($666.2M). This strong cash generation earns a score of 85/100.
Monolithic Power's ROE of 17.6% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 53.9% the prior year.
Monolithic Power scores 51.25, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($53.7B) relative to total liabilities ($662.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Monolithic Power passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Monolithic Power generates $1.35 in operating cash flow ($838.2M OCF vs $621.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Monolithic Power generated $2.8B in revenue in fiscal year 2025. This represents an increase of 26.4% from the prior year.
Monolithic Power's EBITDA was $781.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.7% from the prior year.
Monolithic Power reported $621.5M in net income in fiscal year 2025. This represents a decrease of 61.0% from the prior year.
Monolithic Power earned $12.86 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 60.6% from the prior year.
Cash & Balance Sheet
Monolithic Power generated $666.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.7% from the prior year.
Monolithic Power held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.
Monolithic Power paid $6.24 per share in dividends in fiscal year 2025. This represents an increase of 24.8% from the prior year.
Monolithic Power had 49M shares outstanding in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Margins & Returns
Monolithic Power's gross margin was 55.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Monolithic Power's operating margin was 26.1% in fiscal year 2025, reflecting core business profitability. This is up 1.7 percentage points from the prior year.
Monolithic Power's net profit margin was 22.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 49.9 percentage points from the prior year.
Monolithic Power's ROE was 17.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 36.4 percentage points from the prior year.
Capital Allocation
Monolithic Power invested $382.3M in research and development in fiscal year 2025. This represents an increase of 17.7% from the prior year.
Monolithic Power spent $6.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 99.0% from the prior year.
Monolithic Power invested $172.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.7% from the prior year.
MPWR Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $751.2M+1.9% | $737.2M+10.9% | $664.6M+4.2% | $637.6M+2.6% | $621.7M+0.2% | $620.1M+22.2% | $507.4M+10.8% | $457.9M |
| Cost of Revenue | $336.9M+1.8% | $330.9M+10.8% | $298.6M+5.0% | $284.3M+2.5% | $277.3M+0.2% | $276.7M+22.0% | $226.9M+10.4% | $205.4M |
| Gross Profit | $414.3M+2.0% | $406.2M+11.0% | $366.0M+3.6% | $353.2M+2.6% | $344.4M+0.3% | $343.4M+22.4% | $280.6M+11.1% | $252.4M |
| R&D Expenses | $95.6M-2.6% | $98.2M+2.0% | $96.3M+4.4% | $92.2M+7.5% | $85.8M+0.8% | $85.1M+9.1% | $77.9M+2.6% | $76.0M |
| SG&A Expenses | $118.7M+5.2% | $112.9M+7.5% | $105.0M+13.8% | $92.2M-3.2% | $95.3M+1.0% | $94.4M+9.6% | $86.1M+6.3% | $81.0M |
| Operating Income | $199.9M+2.4% | $195.2M+18.5% | $164.8M-2.4% | $168.8M+3.3% | $163.3M-0.4% | $164.0M+40.8% | $116.5M+22.0% | $95.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $38.1M+47.7% | $25.8M-38.5% | $42.0M+8.1% | $38.8M+103.6% | -$1.1B-3732.3% | $29.9M+26.2% | $23.7M+89.7% | $12.5M |
| Net Income | $171.7M-4.5% | $179.8M+33.2% | $135.0M0.0% | $135.1M-89.2% | $1.3B+768.7% | $144.4M+43.9% | $100.4M+8.5% | $92.5M |
| EPS (Diluted) | N/A | $3.74+33.1% | $2.810.0% | $2.81 | N/A | $2.95+43.9% | $2.05+8.5% | $1.89 |
MPWR Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.2B+2.1% | $4.1B+6.1% | $3.9B+4.5% | $3.7B+5.4% | $3.5B+23.2% | $2.9B+7.8% | $2.6B+2.7% | $2.6B |
| Current Assets | $2.2B+3.4% | $2.1B+10.1% | $1.9B+7.3% | $1.8B+14.3% | $1.6B-27.6% | $2.2B+8.2% | $2.0B+1.1% | $2.0B |
| Cash & Equivalents | $1.1B+1.7% | $1.1B+37.3% | $787.4M+23.5% | $637.4M-7.9% | $691.8M-1.2% | $700.3M+27.2% | $550.5M+12.7% | $488.3M |
| Inventory | $564.6M+11.7% | $505.7M+3.1% | $490.6M+7.9% | $454.8M+8.4% | $419.6M-1.3% | $424.9M-0.4% | $426.8M+7.8% | $396.0M |
| Accounts Receivable | $255.6M+5.8% | $241.6M+24.0% | $194.8M-9.3% | $214.9M+24.5% | $172.5M+4.7% | $164.7M+4.3% | $157.9M-18.8% | $194.4M |
| Goodwill | $25.9M0.0% | $25.9M0.0% | $25.9M0.0% | $25.9M0.0% | $25.9M-0.5% | $26.1M0.0% | $26.1M-4.5% | $27.3M |
| Total Liabilities | $662.7M-9.2% | $729.9M+10.2% | $662.3M+4.9% | $631.5M+11.8% | $564.7M+12.3% | $503.1M+11.2% | $452.3M-2.8% | $465.1M |
| Current Liabilities | $369.4M-16.6% | $442.8M+15.5% | $383.5M+5.5% | $363.4M+23.4% | $294.6M-12.5% | $336.6M+14.0% | $295.2M-5.4% | $311.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.5B+4.6% | $3.4B+5.2% | $3.2B+4.4% | $3.1B+4.2% | $3.0B+25.5% | $2.4B+7.1% | $2.2B+3.9% | $2.1B |
| Retained Earnings | $2.6B+3.8% | $2.5B+4.3% | $2.4B+2.5% | $2.4B+2.6% | $2.3B+108.7% | $1.1B+8.1% | $1.0B+3.9% | $977.7M |
MPWR Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $104.9M-56.2% | $239.3M+0.7% | $237.6M-7.3% | $256.4M+52.9% | $167.7M-27.6% | $231.7M+64.4% | $141.0M-43.2% | $248.1M |
| Capital Expenditures | $41.0M-3.5% | $42.5M-11.7% | $48.1M+19.3% | $40.3M-37.7% | $64.8M+91.6% | $33.8M+7.3% | $31.5M+97.0% | $16.0M |
| Free Cash Flow | $63.9M-67.5% | $196.8M+3.8% | $189.5M-12.3% | $216.0M+110.0% | $102.9M-48.0% | $197.9M+80.8% | $109.5M-52.8% | $232.1M |
| Investing Cash Flow | -$11.6M-109.1% | $127.6M+907.5% | -$15.8M+93.9% | -$257.5M-149.6% | $519.2M+2040.0% | -$26.8M-698.6% | -$3.4M+98.7% | -$266.0M |
| Financing Cash Flow | -$77.3M-5.5% | -$73.2M+7.8% | -$79.4M-42.0% | -$55.9M+91.8% | -$685.4M-984.2% | -$63.2M+14.2% | -$73.6M-47.3% | -$50.0M |
| Dividends Paid | $74.8M-1.5% | $75.9M0.0% | $75.9M+26.5% | $60.0M-3.0% | $61.9M0.0% | $61.9M0.0% | $61.9M+24.9% | $49.6M |
| Share Buybacks | $1.9M-9.5% | $2.1M-19.2% | $2.6M | $0-100.0% | $622.0M+11209.1% | $5.5M+22.2% | $4.5M+10.4% | $4.1M |
MPWR Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.1%+0.0pp | 55.1%+0.0pp | 55.1%-0.3pp | 55.4%0.0pp | 55.4%+0.0pp | 55.4%+0.1pp | 55.3%+0.2pp | 55.1% |
| Operating Margin | 26.6%+0.1pp | 26.5%+1.7pp | 24.8%-1.7pp | 26.5%+0.2pp | 26.3%-0.2pp | 26.5%+3.5pp | 23.0%+2.1pp | 20.8% |
| Net Margin | 22.9%-1.5pp | 24.4%+4.1pp | 20.3%-0.9pp | 21.2%-180.7pp | 201.8%+178.5pp | 23.3%+3.5pp | 19.8%-0.4pp | 20.2% |
| Return on Equity | 4.9%-0.5pp | 5.3%+1.1pp | 4.2%-0.2pp | 4.4%-38.1pp | 42.5%+36.4pp | 6.1%+1.6pp | 4.6%+0.2pp | 4.4% |
| Return on Assets | 4.1%-0.3pp | 4.4%+0.9pp | 3.5%-0.2pp | 3.6%-32.0pp | 35.7%+30.6pp | 5.1%+1.3pp | 3.8%+0.2pp | 3.6% |
| Current Ratio | 5.91+1.1 | 4.77-0.2 | 5.00+0.1 | 4.92-0.4 | 5.31-1.1 | 6.42-0.3 | 6.77+0.4 | 6.34 |
| Debt-to-Equity | 0.19-0.0 | 0.220.0 | 0.210.0 | 0.21+0.0 | 0.19-0.0 | 0.210.0 | 0.21-0.0 | 0.22 |
| FCF Margin | 8.5%-18.2pp | 26.7%-1.8pp | 28.5%-5.4pp | 33.9%+17.3pp | 16.6%-15.4pp | 31.9%+10.3pp | 21.6%-29.1pp | 50.7% |
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Frequently Asked Questions
What is Monolithic Power's annual revenue?
Monolithic Power (MPWR) reported $2.8B in total revenue for fiscal year 2025. This represents a 26.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Monolithic Power's revenue growing?
Monolithic Power (MPWR) revenue grew by 26.4% year-over-year, from $2.2B to $2.8B in fiscal year 2025.
Is Monolithic Power profitable?
Yes, Monolithic Power (MPWR) reported a net income of $621.5M in fiscal year 2025, with a net profit margin of 22.3%.
What is Monolithic Power's EBITDA?
Monolithic Power (MPWR) had EBITDA of $781.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Monolithic Power's gross margin?
Monolithic Power (MPWR) had a gross margin of 55.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Monolithic Power's operating margin?
Monolithic Power (MPWR) had an operating margin of 26.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Monolithic Power's net profit margin?
Monolithic Power (MPWR) had a net profit margin of 22.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Monolithic Power pay dividends?
Yes, Monolithic Power (MPWR) paid $6.24 per share in dividends during fiscal year 2025.
What is Monolithic Power's return on equity (ROE)?
Monolithic Power (MPWR) has a return on equity of 17.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Monolithic Power's free cash flow?
Monolithic Power (MPWR) generated $666.2M in free cash flow during fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Monolithic Power's operating cash flow?
Monolithic Power (MPWR) generated $838.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Monolithic Power's total assets?
Monolithic Power (MPWR) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Monolithic Power's capital expenditures?
Monolithic Power (MPWR) invested $172.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Monolithic Power spend on research and development?
Monolithic Power (MPWR) invested $382.3M in research and development during fiscal year 2025.
What is Monolithic Power's current ratio?
Monolithic Power (MPWR) had a current ratio of 5.91 as of fiscal year 2025, which is generally considered healthy.
What is Monolithic Power's debt-to-equity ratio?
Monolithic Power (MPWR) had a debt-to-equity ratio of 0.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Monolithic Power's return on assets (ROA)?
Monolithic Power (MPWR) had a return on assets of 14.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Monolithic Power's Altman Z-Score?
Monolithic Power (MPWR) has an Altman Z-Score of 51.25, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Monolithic Power's Piotroski F-Score?
Monolithic Power (MPWR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Monolithic Power's earnings high quality?
Monolithic Power (MPWR) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Monolithic Power?
Monolithic Power (MPWR) scores 82 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.