MARKETS / NASDAQ / MPWR

NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Monolithic Power Systems, Inc. MPWR

17 fiscal years on record · USD · FY2025 reported · SEC filings only

8 YEARS OF DIVIDEND GROWTH

Revenue

$2.8B

▲ 26.4% YoY

Net income

$621.5M

▼ 61.0% YoY

Free cash flow

$666.2M

▲ 3.7% YoY

In brief

What this company does

It designs and develops its products for the storage and computing, enterprise data, automotive, communications, consumer and industrial end markets. As of December 31, 2025, it employed 4,501 employees in various locations in Asia, Europe and the U.S., compared with 4,017 employees as of December 31, 2024. In 2025, three distributors accounted for 26%, 18% and 10% of its total revenue. It contracts with several suppliers to manufacture its wafers in foundries located in China, Taiwan, South Korea and Singapore. Its semiconductor products are then assembled and packaged by independent subcontractors in China, Taiwan, Malaysia and South Korea. Its key product families include direct current to direct current, alternating current to direct current, driver metal-oxide-semiconductor field-effect transistor, power management integrated circuit, current limit switch and lighting control products. Monolithic Power Systems, Inc. was incorporated in 1997.

Written from the business description in MONOLITHIC POWER SYSTEMS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.8B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 2.8 · Net income 0.6

Compound annual growth

Revenue

+15.9%

+27.0%

+23.7%

+18.5%

Net income

+12.4%

+30.5%

+33.3%

+22.5%

EPS, diluted

+12.4%

+29.7%

+31.1%

Dividend / share

+27.7%

+25.6%

+22.8%

Returned to shareholders

+28.3%

+26.8%

+28.1%

+20.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +27.0% a year over five years — but profit grew faster: net income at +30.5%, earnings per share at +29.7%.

The share count rose from 0.05B to 0.05B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

22 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 26.1% · Net 22.3%

ROE

FY2025 · ROE 19.2%

Gross margin55.2%

Operating margin26.1%

Net margin22.3%

Return on assets16.1%

EBITDAUSD 781.1M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 291.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 666.2

Net buybacks $M Dividends $M

FY2025 · Dividends 284.8 · Net buybacks 6.6

Dividends paidUSD 284.8M

Net buybacksUSD 6.6M

Share of profit46.9%

Consecutive raises8 years

USD 284.8M in dividends and USD 6.6M in buybacks — 47% of the year's profit went back to shareholders.

Total assetsUSD 4.2B

EquityUSD 3.5B

CashUSD 1.1B

Current ratio5.91×

Equity funds 84% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	2.8	2.2	1.8	1.8	1.2	0.8	0.6	0.6	0.5	0.4	0.3	0.3	0.2	0.2	0.2	0.2	0.2
Operating income $B	0.7	0.5	0.5	0.5	0.3	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.8	0.6	0.5	0.6	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.1	−1.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.6	1.6	0.4	0.4	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.7	0.6	0.6	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	12.86	32.60	8.76	9.05	5.05	3.50	2.38	2.36	1.50	1.26	0.86	0.89	0.59	0.43	0.38	0.78	0.54
Dividend / sh $	6.24	5.00	4.00	3.00	2.40	2.00	1.60	1.20	0.80	0.80	0.80	0.45	·	1.00	·	·	·
Payout %	46	15	43	32	45	54	62	45	52	·	·	·	·	226	·	·	·
ROE %	19.2	63.7	23.0	30.1	21.9	18.9	15.4	18.1	13.7	13.2	9.8	10.6	7.9	6.3	5.4	12.9	9.2
Shares out B	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.00	0.03	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySemiconductors & Related Devices

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009