Monolithic Power Systems, Inc.: stock overview

MPWRNASDAQTechnology · Semiconductors & Related Devices

Price

$1,390.54

November 13, 2026Market cap $68.3B

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The full history: 17 fiscal years, from 2009
The estimated fair value, with its range and its certainty
The full analysis, 18 a month
More questions to the chat on its filings
Excel with every year
An email when it reports, changes its dividend or an officer buys

In short

Monolithic Power Systems had revenue of $3.7B over the last 12 months and net income of $893M, a net margin of 23.9%. Revenue grew by 27.0% a year on average over the last 5 years. At $1,390.54 the shares trade at a P/E of 76.5, against a median of 70.5 over the last 5 fiscal years. It holds more cash than debt, by $1.1B. It pays a dividend yielding 0.54%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings

Market cap: $68.3B; 49.12M shares
P/E: 76.5; Today76.5
Median70.5
Revenue, 12 months: $3.7B; +27.0% a year over 5 years
Net margin: 23.9%; 2025: 22.3%, above 90% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+23.8% a year over 2 years

202510-K
Revenue$2.8B
202410-K
Revenue$2.2B
202310-K
Revenue$1.8B

Year	Revenue	Net income	EPS	Free cash flow	Dividend per share	Price
202510-K	$2.8B	$621M	$12.86	$666M	$6.24	$906.36
202410-K	$2.2B	$1.6B	$32.60	$642M	$5.00	$591.70
202310-K	$1.8B	$427M	$8.76	$581M	$4.00	$630.78

Fiscal years in figures

MPWR's revenue, profit, cash flow and dividend with each year-end price, from 2009 to 2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $30.7B: $68.3B
Enterprise value: $67.2B
P/E 3-year median: 70.5: 76.5
EV / EBIT: 61.0
EV / Revenue: 18.0
P/B 3-year median: 12.6: 18.3
FCF yield 3-year median: 1.9%: 0.9%
Earnings yield 3-year median: 1.4%: 1.3%

Profitability

Gross margin: 55.3%
Operating margin: 29.5%
Net margin 3-year median: 23.5%: 23.9%
ROIC: 23.6%
ROIC, 5-year average: 18.2%
ROE: 24.5%

Growth

Revenue, yearly change: +26.4%
EPS, yearly change: -60.6%
FCF, yearly change: +3.7%
Revenue, average a year: +27.0%
EPS, average a year: +29.7%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash: $1.1B
Total debt: $21M
Of which operating leases: $21M
Net cash: $1.1B
Net debt / EBITDA: -0.9x
Interest cover: –
Current ratio: 3.70

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 0.7%: 0.54%
Buybacks: 0.01%
Total returned: 0.55%
Shares, yearly change: +2.6%

Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 36).

Gross margin

55.2%

Above 85% of the 179 companies in its industry, and 73% of all.

Operating margin

26.1%

Above 93% of the 189 companies in its industry, and 90% of all.

Net margin

22.3%

Above 90% of the 193 companies in its industry, and 84% of all.

ROE

17.6%

Above 82% of the 176 companies in its industry, and 81% of all.

ROA

14.8%

Above 91% of the 194 companies in its industry, and 94% of all.

Revenue growth

26.4%

Above 79% of the 183 companies in its industry, and 87% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC: MONOLITHIC POWER SYSTEMS, INC.
CIK: 1280452
Exchange: NASDAQ
Industry (SIC): 3674 · Semiconductors & Related Devices
Fiscal year ends: December 31
Latest annual report: December 31, 2025
Reporting currency: USD
Shares: 49.12M

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The full analysis

What do Monolithic Power Systems's filings show?

These are Monolithic Power Systems's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
The case for and the case against

Questions about MPWR

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What is MPWR's market cap?

Monolithic Power Systems, Inc.'s market cap is $68.3B, at a price of $1,390.54 on November 13, 2026 and 49.12M shares.

What is MPWR's P/E?

MPWR's P/E is 76.5, on earnings per share of $18.14 over the last 12 months. The median over the last 5 fiscal years was 70.5.

How much revenue does MPWR have?

Monolithic Power Systems had revenue of $3.7B over the last 12 months. Over the last 5 years it changed by +27.0% a year on average.

Does MPWR pay a dividend?

Yes. Monolithic Power Systems paid $7.56 per share over the last 12 months, a yield of 0.54% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Monolithic Power Systems, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.