Monolithic Power Systems is a power chipmaker specializing in voltage regulators. Its mission is to reduce total energy consumption in end systems to improve performance and save customers cost.
It is a $68.1B technology company. Revenue grew 28.7% over the last year, it keeps 25¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 84.7× earnings — in the most expensive third of its own history.
- Website
- monolithicpower.com
- Location
- West Palm Beach, FL
- Employees
- 4 501
- Sector
- Technology
- Founded
- 1997
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, health and moat; Valuation lags behind.
Valuation10
- P/E vs own history72th pct · 5/25
- FCF yield0.9% · 5/25
- P/S20.8x · 0/25
- EV/EBITDA67.1x · 0/25
Growth100
- Revenue CAGR23.3% · 25/25
- Net income CAGR26.6% · 25/25
- EPS CAGR ~5Y29.8% · 25/25
- Fwd implied growth101.9% · 25/25
Profitability95
- ROIC27.0% · 25/25
- ROE21.9% · 20/25
- Net margin24.6% · 25/25
- Operating margin28.7% · 25/25
Health75
- Altman Zn/a · 0/25
- Current ratio4.98 · 25/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality70
- Piotroski F6/9 · 15/25
- Beneish M-2.47 · 20/25
- FCF conversion73% · 15/25
- Margin stabilityσ 5.5% · 20/25
Moat100
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin55.2% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 13.6% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026ProductThe company also published its annual ESG report and launched public commitments to reduce Scope 1 and 2 greenhouse…
- FY2024FinancialBest year on record$1.79B net income
- FY2021FinancialRevenue crossed $1B$1.21B for the year
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 1997FoundedMonolithic Power Systems, Inc. was founded in 1997 by Michael Hsing, who is the current CEO
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (55.2%)
- Strongly profitable — 24.6% net margin
- Revenue growing 28.7% year over year
- Strong cash conversion — FCF is 17.9% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+28.7% YoY
- Profitable — makes more than it spends$804M TTM
- Profit growing — earnings are higher than last year+12.5% YoY
- Generates cash — cash left after running and investing$586M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$68.1B market cap
- Not printing shares — share count not ballooning — you keep your slice+2.8% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 50/100
- Pays a dividend — returns cash to shareholdersyield 0.48%
- Valuation not extreme — price not wildly above earningsP/E 84.7
Peer comparisonMonolithic Power Systems, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MPWR this company | $68.1B | 84.7 | +28.7% | 24.6% | Mixed |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: MPWR vs NVDA · MPWR vs AAPL · MPWR vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MPWR
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of MPWR on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $1 386.00 · market cap $68.1B.