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Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.8B | $781M | $621M | $663M | 17.6% | 26.4% | -61.0% |
| 2024 | $2.2B | $576M | $1.6B | $624M | 53.9% | 21.2% | 272.5% |
| 2023 | $1.8B | $522M | $427M | $581M | 20.8% | 1.5% | -2.4% |
| 2022 | $1.8B | $564M | $438M | $188M | 26.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,794.15 | 1,821.07 | 2,207.10 | 2,790.46 |
| Cost Of Revenue | - | 745.60 | 799.95 | 986.23 | 1,250.72 |
| Gross Profit | - | 1,048.55 | 1,021.12 | 1,220.87 | 1,539.74 |
| Operating Expense | - | 521.77 | 539.38 | 681.51 | 811.10 |
| Operating Income | - | 526.78 | 481.74 | 539.36 | 728.64 |
| EBITDA | - | 563.90 | 521.90 | 575.79 | 781.15 |
| EBIT | - | 526.78 | 481.74 | 539.36 | 728.64 |
| Pretax Income | - | 524.94 | 505.84 | 572.91 | 766.22 |
| Tax Provision | - | 87.26 | 78.47 | -1,019.15 | 144.73 |
| Net Income | - | 437.67 | 427.37 | 1,592.06 | 621.48 |
| Net Income Common Stockholders | - | 437.67 | 427.37 | 1,592.06 | 621.48 |
| Total Expenses | - | 1,267.36 | 1,339.34 | 1,667.74 | 2,061.82 |
| Interest Income | - | 14.37 | 23.36 | 27.09 | 29.15 |
| Research And Development | - | 240.17 | 263.64 | 324.75 | 382.26 |
| Selling General And Administration | - | 281.60 | 275.74 | 356.76 | 428.84 |
| Normalized EBITDA | - | 570.50 | 513.40 | 566.39 | 771.12 |
| Normalized Income | - | 443.18 | 420.19 | 1,584.63 | 613.35 |
| Market Cap | 80,163.53 | 80,163.53 | 80,163.53 | 80,163.53 | 80,163.53 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Monolithic Power Systems, Inc.this co. | MPWR | $78.4B | 128.99↑ premium | 22.70 | 17.6% | 101.24 |
| Cadence Design Systems, Inc. | CDNS | $90.3B | 82.88 | 16.79 | 20.3% | 48.88 |
| Synopsys, Inc. | SNPS | $82.1B | 72.01 | 3.39 | 4.7% | 42.93 |
| Automatic Data Processing, Inc. | ADP | $80.0B | 19.40 | 12.79 | 65.9% | 13.37 |
| Ciena Corporation | CIEN |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $73.8B |
| 597.06 |
| 26.98 |
| 4.5% |
| 190.98 |
| Motorola Solutions, Inc. | MSI | $73.0B | 33.82 | 30.22 | 89.4% | 22.64 |
| Teradyne, Inc. | TER | $66.6B | 118.14 | 23.41 | 19.8% | 83.04 |
| Fortinet, Inc. | FTNT | $63.8B | 33.67 | 50.43 | 149.8% | 24.82 |
| TE Connectivity plc | TEL | $63.7B | 34.20 | 5.01 | 14.6% | 16.40 |
| Peer Median | - | 53.11 | 20.10 | 20.0% | 33.87 | |