Stock · MPWR · Technology

Monolithic Power Systems Inc

United States · Large Cap · listed since 2004 · Revenue 12 mo. $3.3B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
$1,190.44
1 Y +14.6%
Market cap
$56.6B
Phase
Growth
revenue growing, core business profitable
Revenue +15.9% a year (3 years)EBIT margin 26.1%Payout 43.8% of operating cash flow

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

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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.

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Summary

Monolithic Power Systems Inc is around the middle of the Technology sector overall

58.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 28.5% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €597.8M (2025), it supports €6.6B. The remaining €44.1B of the market value assume it grows 28.5% a year for 10 years and not at all afterwards.

Required FCF growth per year

28.5%

no growth afterwards

Market value breakdown€50.8B market value, price as of 11/06/2026

€6.6B without growth
€44.1B priced-in growth
  • 5 yrs achieved 44.6%
  • 10 yrs achieved 33.0%
  • priced in 28.5%

Valuation against its own history

Price to operating cash flow 71.3×, above its usual range.

Middle half of 20 quarters: 48.9× to 68.4×, median 57.2×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 28.5%, achieved at least 33.0%
  • High, stable gross margin median 55.3%, range 4.2 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Earnings declined earnings −65.5% year on year

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 3 of 5 changes for the better.

  • Revenue, 12 mo.$3.0B → $3.3B+10.7%better
  • FCF, 12 mo.$629.5M → $585.5M−7.0%worse
  • EBIT margin27.1% → 28.7%+1.6 ppbetter
  • FCF margin21.3% → 17.9%−3.4 ppworse
  • Return on equity18.4% → 20.5%+2.1 ppbetter

3 more unchanged: Gross margin, Net debt, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability62.3above the middleEarns more than the sector: EBIT margin 26.11%, sector 17.40%.
MetricStockSector medianPosition in sector
Return on equity17.44%14.60%Rank 60
Return on capital (Greenblatt)29.54%29.77%Rank 50
EBIT margin26.11%17.40%Rank 73
FCF margin23.87%18.54%Rank 69
Gross margin55.18%48.47%Rank 59
Growth71.6above the middleGrows faster than the sector: Revenue growth, 1 year 26.43%, sector 12.70%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year26.43%12.70%Rank 80
Earnings growth, 3 years per year12.10%9.54%Rank 56
Earnings growth, 5 years per year29.53%14.07%Rank 80
Sustainable growth (ROE × retained earnings)6.16%2.87%Rank 70
Valuation17.1below the middleValued higher than the sector: EV/sales 19.83, sector 5.18.
MetricStockSector medianPosition in sector
Earnings yield1.07%2.64%Rank 21
FCF yield1.18%3.06%Rank 22
EV/saleslower is better19.835.18Rank 9
EV/EBITlower is better75.9526.24Rank 16
Momentum49.6around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year14.65%−0.59%Rank 70
Share price, 6 months−25.15%−4.46%Rank 27
Share price, 3 months−9.93%−5.84%Rank 45
Distance from 52-week high−29.56%−33.23%Rank 57
Quality70.2above the middleQuality above the sector: Dividend streak in years 11, sector 8.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−1.66%1.65%Rank 71
Change in share countlower is better−1.08%−0.17%Rank 66
Dividend streak in years118Rank 74
Price reaction to results, market-adjusted2.67%−1.57%Rank 70
Balance sheet & risk78.2above the middleLess risk than the sector: Equity ratio 84.20%, sector 53.98%.
MetricStockSector medianPosition in sector
Equity ratio84.20%53.98%Rank 95
Net debt/EBITDAlower is better−1.51−0.20Rank 80
Debt to equitylower is better0.010.33Rank 93
Volatility, 1 yearlower is better54.53%50.37%Rank 45

Ten years in figures

Revenue from $388.7M (2016) to $2.8B (2025), 24.5% a year.

Fiscal years, amounts in USD
YearRevenueEBIT marginFCF, $MSharesNet debt
2016$388.7M14.0%70.741.9M−$112.7M
2017$470.9M16.4%68.043.6M−$82.8M
2018$582.4M19.5%118.944.6M−$172.7M
2019$627.9M16.3%119.545.8M−$170.6M
2020$844.5M18.8%212.247.0M−$331.8M
2021$1.2B21.7%224.847.9M−$189.3M
2022$1.8B29.4%187.848.4M−$286.9M
2023$1.8B26.5%580.648.8M−$522.3M
2024$2.2B24.4%642.348.8M−$676.0M
2025$2.8B26.1%666.248.3M−$1.1B
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Monolithic Power Systems Inc mainly meets criteria in the Growth category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 100%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Monolithic Power Systems Inc's score is built

Monolithic Power Systems Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Monolithic Power Systems Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Growth Momentum (CAN SLIM principle)
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Undervalued Stocks: Multi-Factor Check
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Balanced GARP
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum

Monolithic Power Systems Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Monolithic Power Systems Inc.

MetricStockSector
P/E ratio93.435.1
P/B ratio16.35.5
Return on equity (ROE)17.4%14.6%
Equity ratio84.2%54.0%
Debt-to-equity (D/E)0.010.33
Dividend yield0.6%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

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MPWRMonolithic Power Systems Incthis page
ALABAstera Labs, Inc.Low4.5
MCHPMicrochip Technology IncLow0.0
ONON Semiconductor CorporationLow4.5
CBRSCerebras Systems Inc. Class A Common Stocklocked
GFSGlobalfoundries Inclocked

Frequently asked questions about Monolithic Power Systems Inc stock

How does Monolithic Power Systems Inc stock (MPWR) score in the StockScorer model?
Monolithic Power Systems Inc stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Monolithic Power Systems Inc's P/E ratio?
Monolithic Power Systems Inc's P/E ratio is 93.4. The Technology sector median is 35.1.
What sector is Monolithic Power Systems Inc in?
Monolithic Power Systems Inc is assigned to the Technology sector. Its rank within the sector is 58.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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