What is Monolithic Power Systems, Inc.'s earnings per share (EPS)?

Monolithic Power Systems, Inc. (MPWR) reported diluted earnings per share of $12.86 for fiscal year 2025. This represents a -60.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Monolithic Power Systems, Inc. (MPWR) Financials

MPWR

Trailing 12 months to June 30, 2026

Revenue $3.3B +28.7% YoY

Net Income $801.9M -52.0% YoY

EPS (Diluted) $16.37 -52.2% YoY

Free Cash Flow $585.5M -17.1% YoY

Market Cap $70.8B as of Oct 3, 2026

Price / Sales 21.6x on $3.3B revenue, trailing 12 months to June 30, 2026

Price / Earnings 88.2x on $801.9M net income, trailing 12 months to June 30, 2026

Price / Book 18.2x on $3.9B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MPWR SEC filings page.

Monolithic Power Systems, Inc. (MPWR) reported $3.3B in revenue over the twelve months to Jun 30, 2026, up 28.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI MPWR FY2025 2026-10-03

Operating profit is scaling faster than sales, but working-capital growth is absorbing an increasing share of the cash the business produces.

From FY2024 to FY2025, revenue increased 26.4% while operating cash flow increased only 6.3%; inventory and receivables therefore grew faster than sales, tying more funds inside the operating cycle. Free cash flow still reached $666M after $172M of capital spending, so the constraint is not cash generation itself but less efficient conversion of growth into cash.

Gross margin was essentially stable at 55.2% in FY2025, while operating margin reached 26.1%. The combination points to improvement below production costs—through operating-cost absorption or discipline—rather than a material change in gross economics.

Liabilities were $663M against $4.2B of assets in FY2025, indicating a lightly encumbered balance sheet. A 5.9x current ratio and 0.2x debt-to-equity reinforce that expansion is being funded without heavy borrowing, while operating cash flow of $838M exceeded capital spending of $172M.

Financial Health Signals

Financial Health Score 88/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Monolithic Power Systems, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Monolithic Power Systems, Inc. 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 92/100, reflecting efficient cost management and pricing power. This is up from 24.4% the prior year.

Growth

Monolithic Power Systems, Inc.'s revenue surged 26.4% year-over-year to $2.8B, reflecting rapid business expansion. This strong growth earns a score of 85/100.

Leverage

Monolithic Power Systems, Inc. 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 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 5.91, Monolithic Power Systems, Inc. holds $5.91 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 94/100.

Cash Flow

Monolithic Power Systems, Inc. converts 23.9% of revenue into free cash flow ($666.2M). This strong cash generation earns a score of 93/100.

Returns

Monolithic Power Systems, Inc. earns a strong 17.6% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100. This is down from 53.9% the prior year.

Altman Z-Score Safe

66.69

Monolithic Power Systems, Inc. scores 66.69, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($70.8B) relative to total liabilities ($662.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

5/8

Monolithic Power Systems, Inc. passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.35x

For every $1 of reported earnings, Monolithic Power Systems, Inc. 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

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Earnings & Revenue

Revenue

$980.6M

YoY+47.6%

QoQ+21.9%

5Y CAGR+27.3%

10Y CAGR+26.4%

Monolithic Power Systems, Inc. generated $980.6M in revenue in Q2 2026. This represents an increase of 47.6% from the same quarter a year earlier. Against the prior quarter it is up 21.9%.

EBITDA

$321.0M

YoY+80.4%

QoQ+25.2%

5Y CAGR+36.5%

10Y CAGR+35.8%

Monolithic Power Systems, Inc.'s EBITDA was $321.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 80.4% from the same quarter a year earlier. Against the prior quarter it is up 25.2%.

Net Income

$257.3M

YoY+90.6%

QoQ+33.2%

5Y CAGR+36.1%

10Y CAGR+36.8%

Monolithic Power Systems, Inc. reported $257.3M in net income in Q2 2026. This represents an increase of 90.6% from the same quarter a year earlier. Against the prior quarter it is up 33.2%.

EPS (Diluted)

$5.22

YoY+85.8%

QoQ+33.2%

5Y CAGR+35.1%

10Y CAGR+34.5%

Monolithic Power Systems, Inc. earned $5.22 per diluted share (EPS) in Q2 2026. This represents an increase of 85.8% from the same quarter a year earlier. Against the prior quarter it is up 33.2%.

Cash & Balance Sheet

Free Cash Flow

$145.5M

YoY-23.2%

QoQ-18.9%

5Y CAGR+20.3%

10Y CAGR+56.4%

Monolithic Power Systems, Inc. generated $145.5M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 23.2% from the same quarter a year earlier. Against the prior quarter it is down 18.9%.

Cash & Debt

$1.0B

YoY+27.7%

QoQ-5.4%

5Y CAGR+35.5%

10Y CAGR+28.5%

Monolithic Power Systems, Inc. held $1.0B in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$2.00

YoY+28.2%

QoQ0.0%

5Y CAGR+27.2%

10Y CAGR+25.9%

Monolithic Power Systems, Inc. paid $2.00 per share in dividends in Q2 2026. This represents an increase of 28.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

49M

YoY+2.6%

QoQ0.0%

5Y CAGR+1.4%

10Y CAGR+2.0%

Monolithic Power Systems, Inc. had 49M shares outstanding in Q2 2026. This represents an increase of 2.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Gross Margin

55.2%

YoY+0.1pp

QoQ-0.2pp

5Y change-0.8pp

10Y change+1.0pp

Monolithic Power Systems, Inc.'s gross margin was 55.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Operating Margin

31.0%

YoY+6.2pp

QoQ+1.0pp

5Y change+10.3pp

10Y change+18.7pp

Monolithic Power Systems, Inc.'s operating margin was 31.0% in Q2 2026, reflecting core business profitability. This is up 6.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Net Margin

26.2%

YoY+5.9pp

QoQ+2.2pp

5Y change+7.4pp

10Y change+14.3pp

Monolithic Power Systems, Inc.'s net profit margin was 26.2% in Q2 2026, showing the share of revenue converted to profit. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.

Return on Equity

6.6%

YoY+2.4pp

QoQ+1.4pp

5Y change+1.5pp

10Y change+3.8pp

Monolithic Power Systems, Inc.'s ROE was 6.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Capital Allocation

R&D Spending

$118.6M

YoY+23.2%

QoQ+18.0%

5Y CAGR+21.5%

10Y CAGR+20.8%

Monolithic Power Systems, Inc. invested $118.6M in research and development in Q2 2026. This represents an increase of 23.2% from the same quarter a year earlier. Against the prior quarter it is up 18.0%.

Capital Expenditures

$82.4M

YoY+71.2%

QoQ+16.3%

5Y CAGR+16.0%

10Y CAGR+20.0%

Monolithic Power Systems, Inc. invested $82.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 71.2% from the same quarter a year earlier. Against the prior quarter it is up 16.3%.

Share Buybacks

Not reported for Q2 2026.

MPWR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPWR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$3.3B	$2.8B+26.4%	$2.2B+21.2%	$1.8B+1.5%	$1.8B+48.5%	$1.2B+43.0%	$844.5M+34.5%	$627.9M+7.8%	$582.4M+23.7%	$470.9M+21.2%	$388.7M+16.7%	$333.1M+17.9%	$282.5M+18.7%	$238.1M+11.4%	$213.8M+8.8%	$196.5M
Cost of Revenue	$1.5B	$1.3B+26.8%	$986.2M+23.3%	$800.0M+7.3%	$745.6M+42.7%	$522.3M+38.0%	$378.5M+34.4%	$281.6M+8.4%	$259.7M+22.1%	$212.6M+19.6%	$177.8M+16.3%	$152.9M+17.7%	$129.9M+17.9%	$110.2M+9.5%	$100.7M+6.0%	$94.9M
Gross Profit	$1.8B	$1.5B+26.1%	$1.2B+19.6%	$1.0B-2.6%	$1.0B+53.0%	$685.5M+47.1%	$466.0M+34.5%	$346.3M+7.3%	$322.7M+24.9%	$258.3M+22.5%	$210.9M+17.0%	$180.2M+18.1%	$152.6M+19.3%	$127.9M+13.0%	$113.1M+11.4%	$101.6M
R&D Expenses	$413.0M	$382.3M+17.7%	$324.7M+23.2%	$263.6M+9.8%	$240.2M+26.0%	$190.6M+38.5%	$137.6M+27.7%	$107.8M+15.3%	$93.5M+13.5%	$82.4M+11.8%	$73.6M+11.9%	$65.8M+12.3%	$58.6M+17.8%	$49.7M+1.9%	$48.8M+9.6%	$44.5M
SG&A Expenses	$453.5M	$428.8M+20.2%	$356.8M+29.4%	$275.7M-2.1%	$281.6M+21.2%	$232.4M+43.8%	$161.7M+21.1%	$133.5M+17.3%	$113.8M+17.0%	$97.3M+17.2%	$83.0M+14.8%	$72.3M+8.3%	$66.8M+22.2%	$54.6M+9.2%	$50.0M+24.2%	$40.3M
Operating Income	$940.2M	$728.6M+35.1%	$539.4M+12.0%	$481.7M-8.6%	$526.8M+100.7%	$262.4M+65.2%	$158.9M+54.9%	$102.6M-9.6%	$113.5M+46.6%	$77.4M+42.2%	$54.4M+32.6%	$41.1M+16.3%	$35.3M+47.6%	$23.9M+38.4%	$17.3M+28.8%	$13.4M
EBITDA	N/A	$781.1M+35.7%	$575.8M+10.3%	$521.9M-7.4%	$563.9M+93.7%	$291.1M+63.5%	$178.1M+51.6%	$117.4M-6.7%	$125.8M+34.5%	$93.5M+35.3%	$69.1M+26.0%	$54.9M+13.3%	$48.4M+34.2%	$36.1M+35.6%	$26.6M+20.1%	$22.1M
Income Tax	$182.3M	$144.7M+114.2%	-$1.0B-1398.8%	$78.5M-10.1%	$87.3M+189.0%	$30.2M+507.9%	$5.0M+16.0%	$4.3M-67.6%	$13.2M-25.5%	$17.7M+290.4%	$4.5M-37.9%	$7.3M+715.9%	$897K-19.1%	$1.1M-48.0%	$2.1M+402.1%	$425K
Net Income	$801.9M	$621.5M-61.0%	$1.6B+272.5%	$427.4M-2.4%	$437.7M+80.8%	$242.0M+47.2%	$164.4M+51.0%	$108.8M+3.4%	$105.3M+61.4%	$65.2M+23.7%	$52.7M+49.9%	$35.2M-0.9%	$35.5M+55.0%	$22.9M+45.3%	$15.8M+18.5%	$13.3M
EPS (Basic)	N/A	$12.94-60.5%	$32.76+264.8%	$8.98-4.2%	$9.37+77.5%	$5.28+43.9%	$3.67+45.6%	$2.52+1.2%	$2.49+57.6%	$1.58+21.5%	$1.30+46.1%	$0.89-3.3%	$0.92+50.8%	$0.61+35.6%	$0.45+15.4%	$0.39
EPS (Diluted)	$16.37	$12.86-60.6%	$32.60+272.1%	$8.76-3.2%	$9.05+79.2%	$5.05+44.3%	$3.50+47.1%	$2.38+0.8%	$2.36+57.3%	$1.50+19.0%	$1.26+46.5%	$0.86-3.4%	$0.89+50.8%	$0.59+37.2%	$0.43+13.2%	$0.38
Diluted Shares (Avg)	N/A	48M-1.1%	49M+0.1%	49M+0.9%	48M+1.0%	48M+1.9%	47M+2.7%	46M+2.6%	45M+2.3%	44M+4.0%	42M+2.6%	41M+2.7%	40M+3.0%	39M+6.5%	36M+3.1%	35M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$980.6M+47.6%	$804.2M+26.1%	$751.2M+20.8%	$737.2M+18.9%	$664.6M+31.0%	$637.6M+39.2%	$621.7M+36.9%	$620.1M+30.6%
Cost of Revenue	$439.6M+47.2%	$359.1M+26.3%	$336.9M+21.5%	$330.9M+19.6%	$298.6M+31.6%	$284.3M+38.4%	$277.3M+36.7%	$276.7M+30.9%
Gross Profit	$541.1M+47.8%	$445.1M+26.0%	$414.3M+20.3%	$406.2M+18.3%	$366.0M+30.5%	$353.2M+39.9%	$344.4M+37.1%	$343.4M+30.3%
R&D Expenses	$118.6M+23.2%	$100.6M+9.0%	$95.6M+11.5%	$98.2M+15.4%	$96.3M+23.5%	$92.2M+21.4%	$85.8M+20.0%	$85.1M+31.3%
SG&A Expenses	$118.6M+12.9%	$103.3M+12.0%	$118.7M+24.5%	$112.9M+19.6%	$105.0M+21.9%	$92.2M+13.9%	$95.3M+36.0%	$94.4M+49.3%
Operating Income	$303.9M+84.4%	$241.2M+42.9%	$199.9M+22.4%	$195.2M+19.0%	$164.8M+41.4%	$168.8M+76.7%	$163.3M+49.0%	$164.0M+21.0%
EBITDA	$321.0M+80.4%	$256.3M+42.2%	$214.2M+23.6%	$208.9M+20.4%	$177.9M+42.0%	$180.2M+73.7%	$173.3M+44.7%	$173.5M+19.2%
Income Tax	$64.4M+53.5%	$54.0M+38.9%	$38.1M+103.5%	$25.8M-13.6%	$42.0M+77.2%	$38.8M+211.1%	-$1.1B-4893.2%	$29.9M+79.0%
Net Income	$257.3M+90.6%	$193.2M+43.1%	$171.7M-86.3%	$179.8M+24.5%	$135.0M+34.5%	$135.1M+45.9%	$1.3B+1194.8%	$144.4M+19.2%
EPS (Basic)	$5.24+85.8%	$3.94+39.7%	$3.54-86.3%	$3.75+26.7%	$2.82+36.9%	$2.82+48.4%	$25.83+1178.7%	$2.96+16.5%
EPS (Diluted)	$5.22+85.8%	$3.92+39.5%	$3.49-86.4%	$3.74+26.8%	$2.81+37.1%	$2.81+48.7%	$25.71+1198.5%	$2.95+19.0%
Diluted Shares (Avg)	49M+2.6%	49M+2.6%	N/A	48M-1.9%	48M-1.9%	48M-1.9%	N/A	49M+0.4%

Not reported in any period shown, so not listed: Interest Expense.

MPWR Balance Sheet

MPWR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.2B+19.3%	$3.5B+44.4%	$2.4B+18.2%	$2.1B+29.8%	$1.6B+31.2%	$1.2B+26.4%	$956.4M+20.5%	$793.4M+21.6%	$652.6M+27.7%	$511.1M+18.5%	$431.3M+8.0%	$399.4M+8.3%	$368.9M+28.5%	$287.2M+4.9%	$273.9M
Current Assets	$2.2B+39.5%	$1.6B-14.0%	$1.8B+29.0%	$1.4B+25.4%	$1.1B+33.6%	$842.0M+28.5%	$655.2M+12.8%	$580.8M+29.3%	$449.2M+17.3%	$383.0M+15.4%	$331.9M+7.8%	$307.9M+5.4%	$292.1M+36.3%	$214.3M+1.3%	$211.5M
Cash & Equivalents	$1.1B+58.9%	$691.8M+31.1%	$527.8M+82.9%	$288.6M+52.5%	$189.3M-43.5%	$334.9M+93.7%	$173.0M+0.1%	$172.7M+108.7%	$82.8M-26.6%	$112.7M+24.0%	$90.9M-28.0%	$126.3M+24.8%	$101.2M+34.8%	$75.1M-22.1%	$96.4M
Short-Term Investments	$157.2M-8.1%	$171.1M-70.5%	$580.6M+29.2%	$449.3M-16.2%	$535.8M+105.9%	$260.2M-7.9%	$282.4M+38.1%	$204.6M-5.4%	$216.3M+39.1%	$155.5M+7.9%	$144.1M+28.1%	$112.5M-10.1%	$125.1M+46.3%	$85.5M+9.9%	$77.8M
Inventory	$564.6M+34.6%	$419.6M+9.4%	$383.7M-14.2%	$447.3M+72.4%	$259.4M+65.2%	$157.1M+23.2%	$127.5M-6.5%	$136.4M+37.4%	$99.3M+38.9%	$71.5M+13.1%	$63.2M+54.5%	$40.9M+3.0%	$39.7M+23.7%	$32.1M+59.7%	$20.1M
Accounts Receivable	$255.6M+48.2%	$172.5M-4.1%	$179.9M-1.6%	$182.7M+74.3%	$104.8M+56.8%	$66.8M+26.8%	$52.7M-4.5%	$55.2M+45.2%	$38.0M+11.1%	$34.2M+11.1%	$30.8M+20.3%	$25.6M+8.0%	$23.7M+22.4%	$19.4M+28.4%	$15.1M
Long-Term Investments	$49K-66.9%	$148K-73.9%	$567K-66.9%	$1.7M-28.7%	$2.4M-16.1%	$2.9M-8.8%	$3.1M-3.2%	$3.2M-38.3%	$5.3M-1.8%	$5.4M-0.1%	$5.4M-0.5%	$5.4M-45.3%	$9.9M-16.1%	$11.8M-14.0%	$13.7M
Goodwill	$25.9M0.0%	$25.9M+294.8%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M0.0%	$6.6M	N/A	N/A	N/A
Total Liabilities	$662.7M+17.4%	$564.7M+46.9%	$384.4M-1.5%	$390.3M+14.2%	$341.8M+41.3%	$241.9M+32.3%	$182.9M+19.3%	$153.3M+17.4%	$130.6M+63.2%	$80.0M+27.5%	$62.8M+18.6%	$52.9M+16.3%	$45.5M+57.6%	$28.9M-6.8%	$31.0M
Current Liabilities	$369.4M+25.4%	$294.6M+25.3%	$235.0M-10.8%	$263.4M+16.1%	$226.9M+54.4%	$147.0M+49.6%	$98.2M+22.1%	$80.4M+22.0%	$65.9M+24.6%	$52.9M+22.3%	$43.3M+17.4%	$36.9M-4.2%	$38.5M+64.1%	$23.5M-10.0%	$26.1M
Non-Current Liabilities	$293.3M+8.6%	$270.1M+80.8%	$149.4M+17.7%	$126.9M+10.4%	$114.9M+21.0%	$94.9M+12.1%	$84.7M+16.1%	$72.9M+12.8%	$64.6M+138.6%	$27.1M+39.0%	$19.5M+21.2%	$16.1M+129.1%	$7.0M+29.8%	$5.4M+9.9%	$4.9M
Total Equity	$3.5B+19.7%	$3.0B+44.0%	$2.0B+22.9%	$1.7B+34.1%	$1.2B+28.7%	$966.6M+25.0%	$773.5M+20.8%	$640.1M+22.6%	$522.0M+21.1%	$431.1M+17.0%	$368.5M+6.4%	$346.4M+7.1%	$323.4M+25.2%	$258.3M+6.3%	$242.9M
Retained Earnings	$2.6B+13.8%	$2.3B+142.1%	$947.1M+32.2%	$716.4M+68.6%	$424.9M+42.2%	$298.7M+30.2%	$229.4M+17.8%	$194.7M+35.6%	$143.6M+20.3%	$119.4M+17.8%	$101.3M+1.2%	$100.1M+20.7%	$82.9M+38.1%	$60.0M-24.9%	$79.9M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$4.7B+21.0%	$4.4B+20.1%	$4.2B+19.3%	$4.1B+43.9%	$3.9B+46.2%	$3.7B+43.7%	$3.5B+44.4%	$2.9B+22.6%
Current Assets	$2.5B+29.1%	$2.3B+30.3%	$2.2B+39.5%	$2.1B-2.2%	$1.9B-3.9%	$1.8B-9.5%	$1.6B-14.0%	$2.2B+24.5%
Cash & Equivalents	$1.0B+27.7%	$1.1B+66.8%	$1.1B+58.9%	$1.1B+54.4%	$787.4M+43.0%	$637.4M+30.5%	$691.8M+31.1%	$700.3M+66.3%
Short-Term Investments	$408.2M+13.8%	$304.2M-21.9%	$157.2M-8.1%	$188.2M-75.3%	$358.7M-52.6%	$389.3M-51.2%	$171.1M-70.5%	$762.0M+22.7%
Inventory	$675.8M+37.7%	$619.2M+36.1%	$564.6M+34.6%	$505.7M+19.0%	$490.6M+15.0%	$454.8M+14.8%	$419.6M+9.4%	$424.9M+7.0%
Accounts Receivable	$343.6M+76.4%	$302.1M+40.6%	$255.6M+48.2%	$241.6M+46.7%	$194.8M+23.4%	$214.9M+10.5%	$172.5M-4.1%	$164.7M-11.4%
Long-Term Investments	$25K-66.2%	$49K-50.5%	$49K-66.9%	$74K-57.2%	$74K-78.6%	$99K-80.9%	$148K-73.9%	$173K-71.2%
Goodwill	$25.9M0.0%	$25.9M0.0%	$25.9M0.0%	$25.9M-0.5%	$25.9M-0.5%	$25.9M-5.0%	$25.9M+294.8%	$26.1M+296.9%
Total Liabilities	$790.8M+19.4%	$771.5M+22.2%	$662.7M+17.4%	$729.9M+45.1%	$662.3M+46.4%	$631.5M+35.8%	$564.7M+46.9%	$503.1M+31.3%
Current Liabilities	$497.9M+29.8%	$487.0M+34.0%	$369.4M+25.4%	$442.8M+31.6%	$383.5M+29.9%	$363.4M+16.5%	$294.6M+25.3%	$336.6M+34.6%
Non-Current Liabilities	$292.8M+5.0%	$284.5M+6.1%	$293.3M+8.6%	$287.1M+72.5%	$278.8M+77.4%	$268.1M+74.9%	$270.1M+80.8%	$166.5M+25.0%
Total Equity	$3.9B+21.4%	$3.7B+19.6%	$3.5B+19.7%	$3.4B+43.6%	$3.2B+46.2%	$3.1B+45.4%	$3.0B+44.0%	$2.4B+20.9%
Retained Earnings	$2.9B+18.7%	$2.7B+14.9%	$2.6B+13.8%	$2.5B+128.9%	$2.4B+137.3%	$2.4B+140.6%	$2.3B+142.1%	$1.1B+22.2%

Not reported in any period shown, so not listed: Long-Term Debt.

MPWR Cash Flow Statement

MPWR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$822.3M	$838.2M+6.3%	$788.4M+23.5%	$638.2M+158.7%	$246.7M-22.9%	$320.0M+19.5%	$267.8M+23.8%	$216.3M+52.9%	$141.5M+5.7%	$133.8M+24.2%	$107.8M+54.6%	$69.7M-5.9%	$74.1M+22.2%	$60.7M+143.6%	$24.9M-43.0%	$43.7M
Depreciation & Amortization	N/A	$52.5M+44.1%	$36.4M-9.3%	$40.2M+8.2%	$37.1M+29.3%	$28.7M+49.6%	$19.2M+29.1%	$14.9M+20.8%	$12.3M-23.5%	$16.1M+9.7%	$14.7M+6.5%	$13.8M+5.0%	$13.1M+8.0%	$12.2M+30.3%	$9.3M+6.9%	$8.7M
Stock-Based Compensation	N/A	$227.5M+10.6%	$205.6M+37.4%	$149.7M-7.0%	$161.0M+30.4%	$123.5M+44.3%	$85.6M+8.7%	$78.7M+29.9%	$60.6M+15.2%	$52.6M+17.0%	$45.0M+8.2%	$41.6M+24.2%	$33.5M+61.6%	$20.7M+11.0%	$18.7M+42.1%	$13.1M
Capital Expenditures	$236.8M	$172.0M+17.7%	$146.1M+153.8%	$57.6M-2.1%	$58.8M-37.7%	$94.4M+69.8%	$55.6M-42.0%	$95.8M+325.3%	$22.5M-65.8%	$65.8M+77.2%	$37.1M+131.6%	$16.0M+68.5%	$9.5M-39.7%	$15.8M-25.1%	$21.1M+0.2%	$21.0M
Free Cash Flow	$585.5M	$666.2M+3.7%	$642.3M+10.6%	$580.6M+209.1%	$187.8M-16.7%	$225.6M+6.3%	$212.2M+76.1%	$120.5M+1.3%	$118.9M+74.8%	$68.1M-3.7%	$70.7M+31.6%	$53.7M-16.9%	$64.6M+43.9%	$44.9M+1065.9%	$3.9M-83.0%	$22.7M
Investing Cash Flow	-$280.8M	-$157.3M-170.5%	$223.0M+224.8%	-$178.7M-1328.7%	-$12.5M+96.7%	-$378.9M-867.1%	-$39.2M+76.6%	-$167.1M-1033.7%	-$14.7M+89.0%	-$134.1M-140.6%	-$55.7M+2.6%	-$57.2M	N/A	N/A	-$26.8M-174.1%	$36.2M
Financing Cash Flow	-$329.1M	-$285.9M+67.2%	-$872.2M-374.7%	-$183.7M-42.7%	-$128.8M-42.8%	-$90.2M-26.1%	-$71.6M-48.9%	-$48.0M-39.0%	-$34.6M-10.3%	-$31.3M-11.4%	-$28.1M+39.7%	-$46.7M	N/A	N/A	-$19.6M+38.8%	-$32.0M
Dividends Paid	$328.2M	$284.8M+18.4%	$240.6M+29.5%	$185.8M+34.7%	$138.0M+26.2%	$109.4M+23.2%	$88.8M+31.9%	$67.3M+41.7%	$47.5M+39.9%	$33.9M	N/A	N/A	N/A	N/A	$35.7M	N/A
Share Buybacks	N/A	$6.6M-99.0%	$636.2M+17094.6%	$3.7M	$0	$0	N/A	N/A	N/A	N/A	N/A	$32.3M-21.6%	$41.2M+99.8%	$20.6M	N/A	$38.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$227.9M-4.1%	$250.3M-2.4%	$104.9M-37.4%	$239.3M+3.3%	$237.6M+68.6%	$256.4M+3.4%	$167.7M+9.4%	$231.7M+31.7%
Depreciation & Amortization	$17.1M+30.1%	$15.1M+31.9%	$14.2M+41.8%	$13.7M+45.1%	$13.1M+51.0%	$11.4M+38.8%	$10.0M-1.8%	$9.4M-5.5%
Stock-Based Compensation	$53.2M-11.5%	$41.1M-22.2%	N/A	$60.7M+18.1%	$60.1M+14.9%	$52.8M+15.0%	N/A	$51.4M+53.0%
Capital Expenditures	$82.4M+71.2%	$70.8M+75.6%	$41.0M-36.7%	$42.5M+25.7%	$48.1M+52.8%	$40.3M+152.3%	$64.8M+369.4%	$33.8M+24.8%
Free Cash Flow	$145.5M-23.2%	$179.4M-17.0%	$63.9M-37.9%	$196.8M-0.6%	$189.5M+73.1%	$216.0M-6.9%	$102.9M-26.3%	$197.9M+33.0%
Investing Cash Flow	-$184.5M-1068.1%	-$212.3M+17.5%	-$11.6M-102.2%	$127.6M+576.7%	-$15.8M-371.4%	-$257.5M+3.2%	$519.2M+1428.4%	-$26.8M+87.4%
Financing Cash Flow	-$103.3M-30.1%	-$75.3M-34.6%	-$77.3M+88.7%	-$73.2M-15.9%	-$79.4M-7.8%	-$55.9M-11.8%	-$685.4M-1159.6%	-$63.2M-34.2%
Dividends Paid	$99.0M+30.4%	$78.4M+30.6%	$74.8M+21.0%	$75.9M+22.7%	$75.9M+22.7%	$60.0M+21.1%	$61.9M+22.3%	$61.9M+26.0%
Share Buybacks	N/A	N/A	$1.9M-99.7%	$2.1M-61.8%	$2.6M-42.2%	$0-100.0%	$622.0M+16710.8%	$5.5M

MPWR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPWR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	55.2%-0.1pp	55.3%-0.7pp	56.1%-2.4pp	58.4%+1.7pp	56.8%+1.6pp	55.2%0.0pp	55.1%-0.3pp	55.4%+0.6pp	54.9%+0.6pp	54.3%+0.2pp	54.1%+0.1pp	54.0%+0.3pp	53.7%+0.8pp	52.9%+1.2pp	51.7%
Operating Margin	26.1%+1.7pp	24.4%-2.0pp	26.5%-2.9pp	29.4%+7.6pp	21.7%+2.9pp	18.8%+2.5pp	16.3%-3.2pp	19.5%+3.0pp	16.4%+2.4pp	14.0%+1.7pp	12.3%-0.2pp	12.5%+2.4pp	10.0%+2.0pp	8.1%+1.2pp	6.8%
Net Margin	22.3%-49.9pp	72.1%+48.7pp	23.5%-0.9pp	24.4%+4.4pp	20.0%+0.6pp	19.5%+2.1pp	17.3%-0.7pp	18.1%+4.2pp	13.9%+0.3pp	13.6%+3.0pp	10.6%-2.0pp	12.6%+2.9pp	9.6%+2.2pp	7.4%+0.6pp	6.8%
Return on Equity	17.6%-36.4pp	53.9%+33.1pp	20.8%-5.4pp	26.2%+6.8pp	19.5%+2.4pp	17.0%+2.9pp	14.1%-2.4pp	16.4%+4.0pp	12.5%+0.3pp	12.2%+2.7pp	9.5%-0.7pp	10.3%+3.2pp	7.1%+1.0pp	6.1%+0.6pp	5.5%
Return on Assets	14.8%-30.5pp	45.3%+27.7pp	17.6%-3.7pp	21.3%+6.0pp	15.3%+1.7pp	13.6%+2.2pp	11.4%-1.9pp	13.3%+3.3pp	10.0%-0.3pp	10.3%+2.1pp	8.2%-0.7pp	8.9%+2.7pp	6.2%+0.7pp	5.5%+0.6pp	4.9%
Current Ratio	5.91+0.6x	5.31-2.4x	7.74+2.4x	5.36+0.4x	4.96-0.8x	5.73-0.9x	6.67-0.6x	7.22+0.4x	6.81-0.4x	7.24-0.4x	7.67-0.7x	8.35+0.8x	7.59-1.5x	9.13+1.0x	8.11
Debt-to-Equity	0.190.0x	0.190.0x	0.190.0x	0.230.0x	0.270.0x	0.250.0x	0.240.0x	0.240.0x	0.25+0.1x	0.190.0x	0.170.0x	0.150.0x	0.140.0x	0.110.0x	0.13
Asset Turnover	0.670.0x	0.63-0.1x	0.75-0.1x	0.87+0.1x	0.76+0.1x	0.700.0x	0.66-0.1x	0.730.0x	0.720.0x	0.760.0x	0.77+0.1x	0.71+0.1x	0.65-0.1x	0.740.0x	0.72
FCF Margin	23.9%-5.2pp	29.1%-2.8pp	31.9%+21.4pp	10.5%-8.2pp	18.7%-6.5pp	25.1%+5.9pp	19.2%-1.2pp	20.4%+6.0pp	14.4%-3.7pp	18.2%+2.0pp	16.1%-6.7pp	22.9%+4.0pp	18.9%+17.1pp	1.8%-9.7pp	11.5%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	55.2%+0.1pp	55.3%-0.1pp	55.1%-0.3pp	55.1%-0.3pp	55.1%-0.2pp	55.4%+0.3pp	55.4%+0.1pp	55.4%-0.1pp
Operating Margin	31.0%+6.2pp	30.0%+3.5pp	26.6%+0.4pp	26.5%0.0pp	24.8%+1.8pp	26.5%+5.6pp	26.3%+2.1pp	26.5%-2.1pp
Net Margin	26.2%+5.9pp	24.0%+2.9pp	22.9%	24.4%+1.1pp	20.3%+0.5pp	21.2%+1.0pp	201.8%	23.3%-2.2pp
Return on Equity	6.6%+2.4pp	5.3%+0.9pp	4.9%-37.7pp	5.3%-0.8pp	4.2%-0.4pp	4.4%0.0pp	42.5%+37.8pp	6.1%-0.1pp
Return on Assets	5.5%+2.0pp	4.3%+0.7pp	4.1%-31.6pp	4.4%-0.7pp	3.5%-0.3pp	3.6%+0.1pp	35.7%+31.7pp	5.1%-0.1pp
Current Ratio	4.980.0x	4.79-0.1x	5.91+0.6x	4.77-1.6x	5.00-1.8x	4.92-1.4x	5.31-2.4x	6.42-0.5x
Debt-to-Equity	0.200.0x	0.210.0x	0.190.0x	0.220.0x	0.210.0x	0.210.0x	0.190.0x	0.210.0x
Asset Turnover	0.210.0x	0.180.0x	0.180.0x	0.180.0x	0.170.0x	0.170.0x	0.180.0x	0.220.0x
FCF Margin	14.8%-13.7pp	22.3%-11.6pp	8.5%-8.0pp	26.7%-5.2pp	28.5%+6.9pp	33.9%-16.8pp	16.6%-14.2pp	31.9%+0.6pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Monolithic Power Systems, Inc. MPWR	FY2025	$2.8B	$621.5M	22.3%	$70.8B	88/100
Astera Labs ALAB	FY2025	$852.5M	$219.1M	25.7%	$60.8B	76/100
Microchip Technology Inc MCHP	FY2026	$4.7B	$230.0M	4.9%	$44.2B	48/100
Marvell Technology, Inc. MRVL	FY2026	$8.2B	$2.7B	32.6%	$244.7B	56/100
NXP Semiconductors N.V. NXPI	FY2025	$12.3B	$2.0B	16.5%	$61.4B	62/100
ASE Technology Holding Co., Ltd. ASX	FY2025	$20.6B	$1.3B	6.4%	$123.5B	32/100

Where Monolithic Power Systems, Inc. Ranks

Frequently Asked Questions

What is Monolithic Power Systems, Inc.'s annual revenue?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s revenue growing?

Monolithic Power Systems, Inc. (MPWR) revenue grew by 26.4% year-over-year, from $2.2B to $2.8B in fiscal year 2025.

Is Monolithic Power Systems, Inc. profitable?

Yes, Monolithic Power Systems, Inc. (MPWR) reported a net income of $621.5M in fiscal year 2025, with a net profit margin of 22.3%.

What is Monolithic Power Systems, Inc.'s EBITDA?

Monolithic Power Systems, Inc. (MPWR) had EBITDA of $781.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Monolithic Power Systems, Inc.'s gross margin?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s operating margin?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s net profit margin?

Monolithic Power Systems, Inc. (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 Systems, Inc. pay dividends?

Yes, Monolithic Power Systems, Inc. (MPWR) paid $6.24 per share in dividends during fiscal year 2025.

What is Monolithic Power Systems, Inc.'s return on equity (ROE)?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s free cash flow?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s operating cash flow?

Monolithic Power Systems, Inc. (MPWR) generated $838.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Monolithic Power Systems, Inc.'s total assets?

Monolithic Power Systems, Inc. (MPWR) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Monolithic Power Systems, Inc.'s capital expenditures?

Monolithic Power Systems, Inc. (MPWR) invested $172.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Monolithic Power Systems, Inc. spend on research and development?

Monolithic Power Systems, Inc. (MPWR) invested $382.3M in research and development during fiscal year 2025.

Does Monolithic Power Systems, Inc. buy back shares?

Yes, Monolithic Power Systems, Inc. (MPWR) spent $6.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Monolithic Power Systems, Inc. have outstanding?

Monolithic Power Systems, Inc. (MPWR) had 49M shares outstanding as of fiscal year 2025.

What is Monolithic Power Systems, Inc.'s current ratio?

Monolithic Power Systems, Inc. (MPWR) had a current ratio of 5.91 as of fiscal year 2025, which is generally considered healthy.

What is Monolithic Power Systems, Inc.'s debt-to-equity ratio?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s return on assets (ROA)?

Monolithic Power Systems, Inc. (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 Systems, Inc.'s P/E ratio?

Monolithic Power Systems, Inc. (MPWR) trades at 88.2x earnings, its market capitalization divided by net income of $801.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $70.8B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Monolithic Power Systems, Inc.'s price-to-sales ratio?

Monolithic Power Systems, Inc. (MPWR) trades at 21.6x sales, its market capitalization divided by revenue of $3.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $70.8B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Monolithic Power Systems, Inc.'s Altman Z-Score?

Monolithic Power Systems, Inc. (MPWR) has an Altman Z-Score of 66.69, 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 Systems, Inc.'s Piotroski F-Score?

Monolithic Power Systems, Inc. (MPWR) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Monolithic Power Systems, Inc.'s earnings high quality?

Monolithic Power Systems, Inc. (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 Systems, Inc.?

Monolithic Power Systems, Inc. (MPWR) scores 88 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.