MPWRMonolithic Power Systems

Technology · Semiconductors · Nasdaq

Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. 10-K, Item 1

Employees: 4,501
Headquarters: West Palm Beach, FL
CEO: Michael Hsing
Next results: around Feb 4, 2027

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MPWR and 9 peers, year by year

The 9 Technology companies closest to MPWR in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
MPWR Monolithic Power Systems	FY2025	$2.8B	+26.4%	55.2%	26.1%	22.3%	23.9%	17.6%	-
LITE Lumentum	FY2026	$3.0B	+83.2%	41.7%	17.4%	−230.1%	10.0%	−149.3%	0.70
TRMB Trimble Inc.	FY2025	$3.6B	−2.6%	69.1%	16.5%	11.8%	10.1%	7.3%	0.24
SWKS Skyworks Solutions	FY2025	$4.1B	−2.2%	41.2%	12.2%	11.7%	27.1%	8.3%	0.17
FFIV F5, Inc.	FY2025	$3.1B	+9.7%	81.4%	24.8%	22.4%	29.4%	19.3%	-
P Everpure	FY2026	$3.7B	+15.6%	70.4%	3.1%	5.1%	16.8%	13.0%	-
DDOG Datadog	FY2025	$3.4B	+27.7%	80.0%	−1.3%	3.1%	29.2%	2.9%	-
AKAM Akamai Technologies	FY2025	$4.2B	+5.4%	-	13.5%	10.7%	24.0%	9.1%	-
PTC PTC Inc.	FY2025	$2.7B	+19.2%	83.8%	35.9%	26.8%	31.3%	19.2%	0.31
FICO Fair Isaac	FY2026	$2.5B	+27.3%	-	49.9%	32.9%	42.2%	n/m	n/m

Revenuepeer median $3.4B

Sales growthpeer median +15.6%

Gross marginpeer median 70.4%

Operating marginpeer median 16.5%

Net marginpeer median 11.7%

FCF marginpeer median 27.1%

Return on equitypeer median 8.7%

Debt / equitypeer median 0.27

LITE 0.70
PTC 0.31
TRMB 0.24
SWKS 0.17
MPWR -
FFIV -
P -
DDOG -
AKAM -
FICO n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	$388.7M	$470.9M	$582.4M	$627.9M	$844.5M	$1.2B	$1.8B	$1.8B	$2.2B	$2.8B
LITE Jun	$903.0M	$1.0B	$1.2B	$1.6B	$1.7B	$1.7B	$1.7B	$1.8B	$1.4B	$1.6B
TRMB Jan	$2.4B	$2.7B	$3.1B	$3.3B	$3.2B	$3.7B	$3.7B	$3.8B	$3.7B	$3.6B
SWKS Oct	$3.3B	$3.7B	$3.9B	$3.4B	$3.4B	$5.1B	$5.5B	$4.8B	$4.2B	$4.1B
FFIV Sep	$2.0B	$2.1B	$2.2B	$2.2B	$2.4B	$2.6B	$2.7B	$2.8B	$2.8B	$3.1B
P Feb	$739.2M	-	$1.0B	$1.4B	$1.6B	$1.7B	$2.2B	$2.8B	$2.8B	$3.2B
DDOG Dec	-	$100.8M	$198.1M	$362.8M	$603.5M	$1.0B	$1.7B	$2.1B	$2.7B	$3.4B
AKAM Dec	$2.3B	$2.5B	$2.7B	$2.9B	$3.2B	$3.5B	$3.6B	$3.8B	$4.0B	$4.2B
PTC Sep	$1.1B	$1.2B	$1.2B	$1.3B	$1.5B	$1.8B	$1.9B	$2.1B	$2.3B	$2.7B
FICO Sep	$881.4M	$935.0M	$1.0B	$1.3B	-	$1.3B	$1.4B	$1.5B	$1.7B	$2.0B
Peer median	$1.6B	$1.6B	$1.2B	$1.6B	$2.0B	$1.8B	$2.2B	$2.8B	$2.8B	$3.2B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	+16.7%	+21.2%	+23.7%	+7.8%	+34.5%	+43.0%	+48.5%	+1.5%	+21.2%	+26.4%
LITE Jun	-	+10.9%	+24.6%	+25.5%	+7.2%	+3.8%	−1.7%	+3.2%	−23.1%	+21.0%
TRMB Jan	+3.1%	+12.0%	+17.5%	+5.0%	−3.6%	+16.2%	+0.5%	+3.3%	−3.0%	−2.6%
SWKS Oct	+0.9%	+11.0%	+5.9%	−12.7%	−0.6%	+52.3%	+7.4%	−13.0%	−12.5%	−2.2%
FFIV Sep	+3.9%	+4.8%	+3.4%	+3.7%	+4.8%	+10.7%	+3.6%	+4.4%	+0.1%	+9.7%
P Feb	+65.3%	-	+38.6%	+32.7%	+20.9%	+2.5%	+29.5%	+26.3%	+2.8%	+11.9%
DDOG Dec	-	-	+96.6%	+83.2%	+66.3%	+70.5%	+62.8%	+27.1%	+26.1%	+27.7%
AKAM Dec	+6.5%	+6.0%	+9.1%	+6.6%	+10.5%	+8.2%	+4.5%	+5.4%	+4.7%	+5.4%
PTC Sep	−9.1%	+2.1%	+6.7%	+1.1%	+16.1%	+23.9%	+7.0%	+8.5%	+9.6%	+19.2%
FICO Sep	-	+5.8%	+7.0%	+11.6%	-	+1.7%	+4.6%	+9.9%	+13.5%	+15.9%
Peer median	+3.5%	+6.0%	+9.1%	+6.6%	+8.9%	+10.7%	+4.6%	+5.4%	+2.8%	+11.9%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	54.3%	54.8%	55.4%	55.2%	55.2%	56.8%	58.4%	56.1%	55.3%	55.2%
LITE Jun	30.7%	31.8%	34.6%	27.2%	38.7%	44.9%	46.0%	32.2%	18.5%	28.0%
TRMB Jan	52.3%	51.9%	53.7%	54.4%	55.7%	55.6%	57.3%	61.4%	65.1%	69.1%
SWKS Oct	50.6%	50.4%	50.4%	47.5%	48.1%	49.2%	47.5%	44.2%	41.2%	41.2%
FFIV Sep	83.1%	83.1%	83.3%	84.1%	82.6%	81.1%	80.0%	78.9%	80.2%	81.4%
P Feb	65.9%	-	65.5%	66.4%	69.0%	68.2%	67.5%	68.9%	71.4%	69.8%
DDOG Dec	-	76.8%	76.5%	75.5%	78.4%	77.2%	79.3%	80.7%	80.8%	80.0%
AKAM Dec	-	-	-	-	-	-	-	-	-	-
PTC Sep	71.4%	71.8%	73.7%	74.1%	77.1%	79.5%	80.0%	79.0%	80.6%	83.8%
FICO Sep	-	-	-	-	-	-	-	-	-	-
Peer median	59.1%	61.8%	65.5%	66.4%	69.0%	68.2%	67.5%	68.9%	71.4%	69.8%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	14.0%	16.4%	19.5%	16.3%	18.8%	21.7%	29.4%	26.5%	24.4%	26.1%
LITE Jun	1.3%	4.8%	11.2%	−1.4%	12.2%	30.2%	17.7%	−6.5%	−31.9%	−10.9%
TRMB Jan	7.6%	8.9%	10.2%	11.5%	13.3%	15.3%	13.9%	11.8%	12.5%	16.5%
SWKS Oct	34.0%	34.3%	34.1%	28.2%	26.6%	31.6%	27.8%	23.6%	15.3%	12.2%
FFIV Sep	27.4%	27.0%	27.3%	23.1%	16.7%	15.1%	15.0%	16.8%	23.4%	24.8%
P Feb	−29.9%	-	−16.3%	−12.4%	−11.6%	−15.5%	−4.5%	3.0%	1.9%	2.7%
DDOG Dec	-	−2.9%	−5.6%	−5.6%	−2.3%	−1.9%	−3.5%	−1.6%	2.0%	−1.3%
AKAM Dec	19.9%	12.6%	13.4%	19.0%	20.6%	22.6%	18.7%	16.7%	13.4%	13.5%
PTC Sep	−3.2%	3.6%	5.8%	5.0%	14.5%	21.1%	23.1%	21.9%	25.6%	35.9%
FICO Sep	19.2%	19.5%	17.0%	22.9%	-	38.4%	39.4%	42.5%	42.7%	46.5%
Peer median	13.4%	10.7%	11.2%	11.5%	13.9%	21.1%	17.7%	16.7%	13.4%	13.5%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	13.6%	13.8%	18.1%	17.3%	19.5%	20.0%	24.4%	23.5%	72.1%	22.3%
LITE Jun	1.0%	−10.2%	19.9%	−2.3%	8.1%	22.8%	11.6%	−7.4%	−40.2%	1.6%
TRMB Jan	5.6%	4.5%	9.0%	15.7%	12.4%	13.5%	12.2%	8.2%	40.8%	11.8%
SWKS Oct	30.3%	27.7%	23.7%	25.3%	24.3%	29.3%	23.2%	20.6%	14.3%	11.7%
FFIV Sep	18.3%	20.1%	21.0%	19.1%	13.1%	12.7%	12.0%	14.0%	20.1%	22.4%
P Feb	−30.0%	-	−15.6%	−13.1%	−12.2%	−16.7%	−6.6%	2.7%	2.2%	3.4%
DDOG Dec	-	−2.6%	−5.4%	−4.6%	−4.1%	−2.0%	−3.0%	2.3%	6.8%	3.1%
AKAM Dec	13.7%	8.9%	11.0%	16.5%	17.4%	18.8%	14.5%	14.4%	12.7%	10.7%
PTC Sep	−4.8%	0.5%	4.2%	−2.2%	9.0%	26.4%	16.2%	11.7%	16.4%	26.8%
FICO Sep	12.4%	14.3%	12.3%	18.3%	-	29.8%	27.1%	28.4%	29.9%	32.7%
Peer median	9.0%	6.7%	11.0%	15.7%	10.7%	18.8%	12.2%	11.7%	14.3%	11.7%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	$70.7M	$68.1M	$118.9M	$120.5M	$212.2M	$225.6M	$187.8M	$580.6M	$642.3M	$666.2M
LITE Jun	$4.6M	−$53.1M	$154.3M	$164.1M	$438.3M	$653.9M	$368.1M	$51.3M	−$108.3M	−$104.7M
TRMB Jan	$405.1M	$386.0M	$419.1M	$516.0M	$615.2M	$704.4M	$348.0M	$555.1M	$497.8M	$360.9M
SWKS Oct	$888.4M	$1.2B	$838.3M	$969.0M	$815.1M	$1.1B	$935.2M	$1.6B	$1.7B	$1.1B
FFIV Sep	$648.0M	$701.6M	$707.6M	$644.3M	$601.0M	$614.5M	$409.0M	$599.2M	$762.0M	$906.4M
P Feb	−$91.1M	-	$7.7M	$64.2M	$101.7M	$92.7M	$307.8M	$609.1M	$482.6M	$526.9M
DDOG Dec	-	$11.5M	$1.2M	$10.9M	$103.7M	$276.6M	$383.1M	$632.4M	$835.9M	$1.0B
AKAM Dec	$690.9M	$546.8M	$790.7M	$698.6M	$700.7M	$1.1B	$1.0B	$890.5M	$1.1B	$1.0B
PTC Sep	$157.1M	$109.8M	$211.7M	$220.7M	$213.6M	$344.1M	$415.8M	$587.0M	$735.6M	$856.7M
FICO Sep	$188.3M	$205.8M	$191.8M	$342.9M	-	$416.2M	$503.4M	$464.7M	$624.1M	$769.9M
Peer median	$296.7M	$295.9M	$211.7M	$342.9M	$519.6M	$614.5M	$409.0M	$599.2M	$735.6M	$856.7M

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	18.2%	14.5%	20.4%	19.2%	25.1%	18.7%	10.5%	31.9%	29.1%	23.9%
LITE Jun	0.5%	−5.3%	12.4%	10.5%	26.1%	37.5%	21.5%	2.9%	−8.0%	−6.4%
TRMB Jan	17.1%	14.5%	13.4%	15.8%	19.5%	19.2%	9.5%	14.6%	13.5%	10.1%
SWKS Oct	27.0%	31.6%	21.7%	28.7%	24.3%	22.2%	17.0%	34.5%	39.9%	27.1%
FFIV Sep	32.5%	33.6%	32.7%	28.7%	25.6%	23.6%	15.2%	21.3%	27.1%	29.4%
P Feb	−12.3%	-	0.8%	4.7%	6.2%	5.5%	14.1%	22.1%	17.0%	16.6%
DDOG Dec	-	11.4%	0.6%	3.0%	17.2%	26.9%	22.9%	29.7%	31.1%	29.2%
AKAM Dec	29.5%	21.8%	29.1%	24.1%	21.9%	31.1%	28.6%	23.4%	28.3%	24.0%
PTC Sep	13.8%	9.4%	17.0%	17.6%	14.6%	19.0%	21.5%	28.0%	32.0%	31.3%
FICO Sep	21.4%	22.0%	18.6%	26.5%	-	31.6%	36.6%	30.7%	36.3%	38.7%
Peer median	19.3%	18.2%	17.0%	17.6%	20.7%	23.6%	21.5%	23.4%	28.3%	27.1%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	12.2%	12.5%	16.4%	14.1%	17.0%	19.5%	26.2%	20.8%	53.9%	17.6%
LITE Jun	1.9%	−16.6%	26.8%	−2.4%	7.7%	20.1%	10.6%	−9.7%	−57.1%	2.3%
TRMB Jan	5.7%	4.9%	10.6%	16.5%	10.8%	12.5%	11.1%	6.9%	26.2%	7.3%
SWKS Oct	28.1%	24.8%	22.4%	20.7%	19.6%	28.3%	23.3%	16.2%	9.4%	8.3%
FFIV Sep	30.9%	34.2%	35.3%	24.3%	13.8%	14.0%	13.0%	14.1%	18.1%	19.3%
P Feb	−41.2%	-	−27.8%	−24.2%	−24.2%	−37.6%	−19.0%	7.8%	4.8%	8.2%
DDOG Dec	-	n/m	n/m	−2.1%	−2.6%	−2.0%	−3.6%	2.4%	6.8%	2.9%
AKAM Dec	9.8%	6.6%	9.3%	13.1%	13.1%	14.4%	12.0%	11.9%	10.4%	9.1%
PTC Sep	−6.5%	0.7%	5.9%	−2.3%	9.1%	23.4%	13.6%	9.2%	11.7%	19.2%
FICO Sep	22.7%	28.6%	44.0%	71.4%	-	n/m	n/m	n/m	n/m	n/m
Peer median	7.8%	6.6%	16.5%	13.1%	10.0%	14.2%	11.6%	8.5%	9.9%	8.2%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	-	-	-	-	-	-	-	-	-	-
LITE Jun	-	0.74	0.49	-	0.88	0.78	1.50	-	2.61	2.28
TRMB Jan	0.27	0.38	0.74	0.59	0.43	0.33	0.38	0.80	0.24	0.24
SWKS Oct	-	-	-	-	0.00	0.42	0.40	0.21	0.16	0.17
FFIV Sep	-	-	-	0.00	0.17	0.16	0.14	-	-	-
P Feb	-	-	-	-	0.57	1.01	1.04	0.61	0.08	0.08
DDOG Dec	-	-	-	-	-	-	-	-	-	-
AKAM Dec	-	-	-	-	-	-	-	-	-	-
PTC Sep	-	-	0.74	0.56	0.70	0.71	0.59	0.63	0.38	0.31
FICO Sep	1.19	1.30	2.66	2.52	-	n/m	n/m	n/m	n/m	n/m
Peer median	-	0.74	0.74	0.57	0.50	0.56	0.49	0.62	0.24	0.24

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
MPWR Dec	$1.26	$1.50	$2.36	$2.38	$3.50	$5.05	$9.05	$8.76	$32.60	$12.86
LITE Jun	−$0.05	−$1.71	$3.82	−$0.54	$1.75	$5.07	$2.68	−$1.93	−$8.12	$0.37
TRMB Jan	$0.52	$0.46	$1.12	$2.03	$1.55	$1.94	$1.80	$1.25	$6.09	$1.76
SWKS Oct	$5.18	$5.41	$5.01	$4.89	$4.80	$8.97	$7.81	$6.13	$3.69	$3.08
FFIV Sep	$5.38	$6.50	$7.32	$7.08	$5.01	$5.34	$5.27	$6.55	$9.55	$11.80
P Feb	−$1.14	-	−$0.76	−$0.77	−$0.79	−$1.05	−$0.50	$0.23	$0.19	$0.31
DDOG Dec	-	−$0.04	−$0.15	−$0.12	−$0.08	−$0.07	−$0.16	$0.14	$0.52	$0.31
AKAM Dec	$1.82	$1.29	$1.76	$2.90	$3.37	$3.93	$3.26	$3.52	$3.27	$3.07
PTC Sep	−$0.48	$0.05	$0.44	−$0.23	$1.12	$4.03	$2.65	$2.06	$3.12	$6.08
FICO Sep	$3.39	$4.14	$4.06	$7.90	-	$13.40	$14.18	$16.93	$20.45	$26.54
Peer median	$1.17	$0.88	$1.76	$2.03	$1.65	$4.03	$2.68	$2.06	$3.27	$3.07

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out MPWR and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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