Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
MPWR · Nasdaq · Technology
Fundamental quality
93
out of 100
Monolithic Power Systems, Inc. fits the profile of a quality compounder: it pairs high return on capital (ROE 18.5%) with wide margins (net margin 23%) and a business that keeps growing (27% a year). On fundamental quality it scores 93 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Monolithic Power Systems designs power-management chips: the circuits that precisely feed everything from an AI server to a car or an appliance. It is one of the best-executing semiconductor companies of the past decade — and the market knows it.
EPS growth: 30.2% · Revenue growth: 27%
Net margin: 23% · ROE: 18.5% · ROIC: 24.8%
Net debt/EBITDA: -1.24x · FCF: 21.3%
Source: SEC EDGAR · TTM through 31/03/2026
The score includes +2 for dividend strength: 8 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 844 | 164 | 212 | -335 |
| 2021 | 1,208 | 242 | 226 | -189 |
| 2022 | 1,794 | 438 | 188 | -289 |
| 2023 | 1,821 | 427 | 581 | -528 |
| 2024 | 2,207 | 1,592 | 642 | -692 |
| 2025 | 2,790 | 621 | 666 | -1,099 |
Between 2020 and 2025, revenue went from $844M to $2,790M (+230%) and net income went from $164M to $621M (+278%). Meanwhile, its margins have widened (from 19% to 22%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$6.24
per share, yearly
45.8% of earnings
Payout
8 straight years raising it
Growth
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Monolithic Power Systems, Inc. cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Monolithic Power Systems, Inc. a good company to invest in?
In terms of business quality, Monolithic Power Systems, Inc. scores 93 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Monolithic Power Systems, Inc. a profitable company?
Very. Monolithic Power Systems, Inc. shows a net margin of 23% and an ROE of 18.5%, typical of a highly profitable business.
Does Monolithic Power Systems, Inc. have a lot of debt?
No. Monolithic Power Systems, Inc. has a net cash position: more cash than debt.
Is Monolithic Power Systems, Inc. growing?
Its revenue has grown 27% annualized in recent years and its earnings per share 30.2%, and without interruption since 2020.
Does Monolithic Power Systems, Inc. generate cash?
Yes. It converts about 21.3% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Monolithic Power Systems, Inc.'s filings on EDGAR
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