Monolithic Power Systems, Inc. (MPWR) Financial Ratios
24 years of historical data (2002–2025) · Technology · Semiconductors
EV/EBITDA
↓
95.51
↑+76% vs avg
5yr avg: 54.41
30Y Low6.9·High94.8
P/FCF
↓
113.39
↑+58% vs avg
5yr avg: 71.97
30Y Low13.3·High105.1
P/B Ratio
↓
21.04
↑+60% vs avg
5yr avg: 13.17
30Y Low1.3·High19.0
ROE
↓
18.4%
↑-43% vs avg
5yr avg: 32.4%
30Y Low-189%·High69%
Debt/EBITDA
↑
0.03
↑+72% vs avg
5yr avg: 0.02
30Y Low0.0·High0.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MPWR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Monolithic Power Systems, Inc. trades at 120.6x earnings, 104% above its 5-year average of 59.2x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a premium of 326%. On a free-cash-flow basis, the stock trades at 113.4x P/FCF, 58% above the 5-year average of 72.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $75.5B | $43.8B | $28.9B | $30.8B | $17.1B | $23.6B | $17.2B | $8.1B | $5.2B | $4.9B | $3.4B |
| Enterprise Value | $74.5B | $42.7B | $28.2B | $30.2B | $16.8B | $23.4B | $16.9B | $8.0B | $5.0B | $4.8B | $3.3B |
| P/E Ratio → | 120.62 | 71.09 | 16.17 | 72.01 | 39.07 | 97.69 | 104.64 | 74.80 | 49.26 | 74.91 | 65.02 |
| P/S Ratio | 27.07 | 15.69 | 13.09 | 16.89 | 9.53 | 19.56 | 20.39 | 12.97 | 8.90 | 10.40 | 8.84 |
| P/B Ratio | 21.04 | 12.40 | 9.19 | 15.01 | 10.25 | 18.99 | 17.81 | 10.53 | 8.10 | 9.38 | 7.97 |
| P/FCF | 113.39 | 65.73 | 44.99 | 52.98 | 91.04 | 105.11 | 81.15 | 68.16 | 43.60 | 71.96 | 48.59 |
| P/OCF | 90.12 | 52.24 | 36.65 | 48.20 | 69.32 | 73.83 | 64.29 | 37.66 | 36.66 | 36.59 | 31.86 |
P/E links to full P/E history page with 30-year chart
MPWR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Monolithic Power Systems, Inc.'s enterprise value stands at 95.5x EBITDA, 76% above its 5-year average of 54.4x. The Technology sector median is 16.6x, placing the stock at a 474% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 15.31 | 12.78 | 16.61 | 9.37 | 19.40 | 20.00 | 12.70 | 8.61 | 10.22 | 8.55 |
| EV / EBITDA | 95.51 | 54.78 | 49.01 | 57.94 | 29.82 | 80.50 | 94.83 | 67.92 | 39.84 | 51.47 | 48.05 |
| EV / EBIT | 102.19 | 55.74 | 52.32 | 62.78 | 31.92 | 89.31 | 101.30 | 75.94 | 43.43 | 61.19 | 61.26 |
| EV / FCF | — | 64.11 | 43.93 | 52.08 | 89.51 | 104.26 | 79.59 | 66.74 | 42.15 | 70.74 | 47.00 |
MPWR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Monolithic Power Systems, Inc. earns an operating margin of 26.1%. ROE of 18.4% indicates solid capital efficiency. ROIC of 22.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.2% | 55.2% | 55.3% | 56.1% | 58.4% | 56.8% | 55.2% | 55.2% | 55.4% | 54.8% | 54.3% |
| Operating Margin | 26.1% | 26.1% | 24.4% | 26.5% | 29.4% | 21.7% | 18.8% | 16.3% | 19.5% | 16.4% | 14.0% |
| Net Profit Margin | 22.1% | 22.1% | 81.0% | 23.5% | 24.4% | 20.0% | 19.5% | 17.3% | 18.1% | 13.8% | 13.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.4% | 18.4% | 68.8% | 23.0% | 30.1% | 21.9% | 18.9% | 15.4% | 18.1% | 13.7% | 13.2% |
| ROA | 15.8% | 15.8% | 59.1% | 19.0% | 24.0% | 17.3% | 15.2% | 12.4% | 14.6% | 11.2% | 11.2% |
| ROIC | 22.2% | 22.2% | 20.2% | 24.8% | 32.4% | 23.3% | 19.3% | 14.4% | 18.8% | 15.3% | 13.7% |
| ROCE | 20.4% | 20.4% | 19.5% | 24.1% | 33.4% | 21.7% | 16.6% | 13.1% | 17.5% | 14.8% | 12.9% |
MPWR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Monolithic Power Systems, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (99% below the sector average of 2.9x). The company holds a net cash position — cash of $1.1B exceeds total debt of $24M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | — | 0.00 | 0.00 | — | — | — |
| Debt / EBITDA | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 | — | 0.02 | 0.02 | — | — | — |
| Net Debt / Equity | — | -0.30 | -0.22 | -0.25 | -0.17 | -0.15 | -0.34 | -0.22 | -0.27 | -0.16 | -0.26 |
| Net Debt / EBITDA | -1.38 | -1.38 | -1.18 | -1.00 | -0.51 | -0.65 | -1.86 | -1.45 | -1.37 | -0.88 | -1.63 |
| Debt / FCF | — | -1.61 | -1.06 | -0.90 | -1.53 | -0.84 | -1.56 | -1.43 | -1.45 | -1.22 | -1.59 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.1B) exceeds total debt ($24M)
MPWR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Monolithic Power Systems, Inc.'s current ratio of 5.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.38x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 7.74x to 5.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.91 | 5.91 | 5.31 | 7.74 | 5.36 | 4.96 | 5.73 | 6.67 | 7.22 | 6.93 | 7.24 |
| Quick Ratio | 4.38 | 4.38 | 3.89 | 6.11 | 3.66 | 3.81 | 4.66 | 5.37 | 5.53 | 5.40 | 5.89 |
| Cash Ratio | 3.40 | 3.40 | 2.93 | 4.72 | 2.80 | 3.19 | 4.05 | 4.64 | 4.69 | 4.62 | 5.07 |
| Asset Turnover | — | 0.67 | 0.61 | 0.75 | 0.87 | 0.76 | 0.70 | 0.66 | 0.73 | 0.72 | 0.76 |
| Inventory Turnover | 2.22 | 2.22 | 2.35 | 2.08 | 1.67 | 2.01 | 2.41 | 2.21 | 1.90 | 2.14 | 2.49 |
| Days Sales Outstanding | — | 41.28 | 38.45 | 50.11 | 40.12 | 38.22 | 35.12 | 35.63 | 38.23 | 31.49 | 33.32 |
MPWR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Monolithic Power Systems, Inc. returns 0.4% to shareholders annually — split between a 0.4% dividend yield and 0.0% buyback yield. A payout ratio of 46.2% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 0.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.7% | 0.8% | 0.6% | 0.8% | 0.5% | 0.5% | 0.8% | 0.9% | 0.7% | 1.0% |
| Payout Ratio | 46.2% | 46.2% | 13.5% | 43.5% | 31.5% | 45.2% | 54.0% | 61.8% | 45.1% | 52.0% | 62.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.8% | 1.4% | 6.2% | 1.4% | 2.6% | 1.0% | 1.0% | 1.3% | 2.0% | 1.3% | 1.5% |
| FCF Yield | 0.9% | 1.5% | 2.2% | 1.9% | 1.1% | 1.0% | 1.2% | 1.5% | 2.3% | 1.4% | 2.1% |
| Buyback Yield | 0.0% | 0.0% | 2.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.7% | 3.0% | 0.6% | 0.8% | 0.5% | 0.5% | 0.9% | 0.9% | 0.7% | 1.0% |
| Shares Outstanding | — | $48M | $49M | $49M | $48M | $48M | $47M | $46M | $45M | $44M | $42M |
Peer Comparison
Compare MPWR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MPWRYou | $76B | 120.6 | 95.5 | 113.4 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 ENTG | $28B | 118.7 | 24.0 | 70.7 | 44.4% | 28.9% | 6.2% | 9.3% | 3.0 |
 POWI | $5B | 224.0 | 97.2 | 55.9 | 54.5% | 4.8% | 3.1% | 2.4% | — |
 DIOD | $6B | 85.8 | 30.0 | 41.1 | 31.2% | 2.4% | 3.5% | 1.6% | 0.5 |
 SLAB | $7B | -111.0 | — | 110.2 | 58.2% | -9.0% | -6.0% | -6.8% | — |
 IOSP | $2B | 17.7 | 8.9 | 23.1 | 27.7% | 8.8% | 9.1% | 11.2% | 0.4 |
 TXN | $303B | 61.0 | 39.2 | 116.2 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 ADI | $217B | 97.7 | 45.3 | 50.7 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
 MCHP | $56B | -9999.0 | 57.8 | 72.0 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
 QCOM | $234B | 44.3 | 17.4 | 18.2 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 ON | $52B | 453.6 | 36.9 | 36.3 | 32.3% | 12.5% | 1.5% | 6.1% | 2.4 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into MPWR consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
MPWR — Frequently Asked Questions
Quick answers to the most common questions about buying MPWR stock.
What is Monolithic Power Systems, Inc.'s P/E ratio?
Monolithic Power Systems, Inc.'s current P/E ratio is 120.6x. The historical average is 59.1x. This places it at the 100th percentile of its historical range.
What is Monolithic Power Systems, Inc.'s EV/EBITDA?
Monolithic Power Systems, Inc.'s current EV/EBITDA is 95.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 41.1x.
What is Monolithic Power Systems, Inc.'s ROE?
Monolithic Power Systems, Inc.'s return on equity (ROE) is 18.4%. The historical average is -1.4%.
Is MPWR stock overvalued?
Based on historical data, Monolithic Power Systems, Inc. is trading at a P/E of 120.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Monolithic Power Systems, Inc.'s dividend yield?
Monolithic Power Systems, Inc.'s current dividend yield is 0.38% with a payout ratio of 46.2%.
What are Monolithic Power Systems, Inc.'s profit margins?
Monolithic Power Systems, Inc. has 55.2% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Monolithic Power Systems, Inc. have?
Monolithic Power Systems, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.