(MPWR) Monolithic Power Systems - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6098391054

DC-DC Converters, AC-DC Converters, Power Management ICs, LED Drivers

Semiconductors
Market Cap in USD: 44,856m
IPO / Inception: 2004-11-19
Return 12m vs S&P 500: 35.2%

EPS (Earnings per Share)

EPS (Earnings per Share) of MPWR over the last years for every Quarter: "2020-12": 1.31, "2021-03": 1.46, "2021-06": 1.81, "2021-09": 2.06, "2021-12": 2.12, "2022-03": 2.45, "2022-06": 3.25, "2022-09": 3.53, "2022-12": 3.17, "2023-03": 3, "2023-06": 2.82, "2023-09": 3.08, "2023-12": 2.88, "2024-03": 2.81, "2024-06": 3.17, "2024-09": 4.06, "2024-12": 4.09, "2025-03": 4.04, "2025-06": 4.21, "2025-09": 4.73, "2025-12": 0,
EPS CAGR: -43.88%
EPS Trend: -16.2%
Last SUE: -4.00
Qual. Beats: 0

Revenue

Revenue of MPWR over the last years for every Quarter: 2020-12: 233.043, 2021-03: 254.455, 2021-06: 293.317, 2021-09: 323.522, 2021-12: 336.504, 2022-03: 377.714, 2022-06: 461.004, 2022-09: 495.418, 2022-12: 460.012, 2023-03: 451.065, 2023-06: 441.128, 2023-09: 474.867, 2023-12: 454.012, 2024-03: 457.885, 2024-06: 507.431, 2024-09: 620.119, 2024-12: 621.665, 2025-03: 637.554, 2025-06: 664.574, 2025-09: 737.176, 2025-12: null,
Rev. CAGR: 23.26%
Rev. Trend: 90.3%
Last SUE: 2.24
Qual. Beats: 2

Dividends

Dividend Yield 0.65%
Yield on Cost 5y 1.65%
Yield CAGR 5y 26.98%
Payout Consistency 86.3%
Payout Ratio 36.6%
Risk via 5d forecast
Volatility 49.4%
Value at Risk 5%th 73.7%
Relative Tail Risk -9.31%
Reward TTM
Sharpe Ratio 0.98
Alpha 16.22
CAGR/Max DD 0.69
Character TTM
Hurst Exponent 0.461
Beta 2.265
Beta Downside 2.130
Drawdowns 3y
Max DD 51.65%
Mean DD 14.33%
Median DD 10.98%

Description: MPWR Monolithic Power Systems December 04, 2025

Monolithic Power Systems (MPWR) designs, develops, and markets DC-DC integrated circuits and related power-management products that enable voltage conversion and control across a broad set of end-markets-including cloud-scale servers, AI accelerators, storage systems, notebooks, automotive infotainment, industrial equipment, and communications infrastructure. The company reaches customers worldwide through distributors, value-added resellers, OEMs, and ODMs, and it operates from its headquarters in Kirkland, Washington.

Key recent metrics: MPWR reported FY 2024 revenue of $1.48 billion, a 22 % year-over-year increase driven largely by strong demand for power-ICs in AI-focused data centers (which grew at a 35 % CAGR in 2023-24). Gross margin expanded to 57 % as the firm benefited from higher-mix, premium-priced products and improved wafer yields. The semiconductor power-management sector is currently buoyed by the broader “AI-driven compute” wave and the ongoing electrification of vehicles, both of which raise the average power-density requirements that MPWR’s solutions address.

For a deeper, data-rich analysis of MPWR’s valuation dynamics, you may find the ValueRay platform worth exploring.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (1.90b TTM) > 0 and > 6% of Revenue (6% = 159.7m TTM)
FCFTA 0.17 (>2.0%) and ΔFCFTA -7.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 62.76% (prev 89.43%; Δ -26.67pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.21 (>3.0%) and CFO 901.0m <= Net Income 1.90b (YES >=105%, WARN >=100%)
Net Debt (-1.07b) to EBITDA (750.7m) ratio: -1.42 <= 3.0 (WARN <= 3.5)
Current Ratio 4.77 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (48.0m) change vs 12m ago -1.88% (target <= -2.0% for YES)
Gross Margin 55.24% (prev 55.29%; Δ -0.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 75.37% (prev 71.44%; Δ 3.93pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -29.79 (EBITDA TTM 750.7m / Interest Expense TTM -23.6m) >= 6 (WARN >= 3)

Altman Z'' 11.91

(A) 0.40 = (Total Current Assets 2.11b - Total Current Liabilities 442.8m) / Total Assets 4.21b
(B) 0.64 = Retained Earnings (Balance) 2.71b / Total Assets 4.21b
(C) 0.20 = EBIT TTM 702.4m / Avg Total Assets 3.53b
(D) 5.59 = Book Value of Equity 3.57b / Total Liabilities 638.4m
Total Rating: 11.91 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 74.82

1. Piotroski 4.0pt
2. FCF Yield 1.62%
3. FCF Margin 26.50%
4. Debt/Equity 0.00
5. Debt/Ebitda -1.42
6. ROIC - WACC (= 3.94)%
7. RoE 56.64%
8. Rev. Trend 90.27%
9. EPS Trend -16.17%

What is the price of MPWR shares?

As of January 12, 2026, the stock is trading at USD 958.97 with a total of 529,471 shares traded.
Over the past week, the price has changed by +2.42%, over one month by -0.24%, over three months by -1.91% and over the past year by +63.55%.

Is MPWR a buy, sell or hold?

Monolithic Power Systems has received a consensus analysts rating of 4.29. Therefore, it is recommended to buy MPWR.
  • Strong Buy: 10
  • Buy: 2
  • Hold: 5
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the MPWR price?

Issuer Target Up/Down from current
Wallstreet Target Price 1196.1 24.7%
Analysts Target Price 1196.1 24.7%
ValueRay Target Price 1305.8 36.2%

MPWR Fundamental Data Overview January 06, 2026

P/E Trailing = 24.0388
P/E Forward = 43.1034
P/S = 16.8569
P/B = 12.5719
P/EG = 2.0761
Beta = 1.472
Revenue TTM = 2.66b USD
EBIT TTM = 702.4m USD
EBITDA TTM = 750.7m USD
Long Term Debt = 15.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 2.82m USD (from shortTermDebt, last fiscal year)
Debt = 15.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.07b USD (from netDebt column, last quarter)
Enterprise Value = 43.60b USD (44.86b + Debt 15.1m - CCE 1.27b)
Interest Coverage Ratio = -29.79 (Ebit TTM 702.4m / Interest Expense TTM -23.6m)
EV/FCF = 61.83x (Enterprise Value 43.60b / FCF TTM 705.2m)
FCF Yield = 1.62% (FCF TTM 705.2m / Enterprise Value 43.60b)
FCF Margin = 26.50% (FCF TTM 705.2m / Revenue TTM 2.66b)
Net Margin = 71.22% (Net Income TTM 1.90b / Revenue TTM 2.66b)
Gross Margin = 55.24% ((Revenue TTM 2.66b - Cost of Revenue TTM 1.19b) / Revenue TTM)
Gross Margin QoQ = 55.11% (prev 55.08%)
Tobins Q-Ratio = 10.37 (Enterprise Value 43.60b / Total Assets 4.21b)
Interest Expense / Debt = 35.14% (Interest Expense 5.30m / Debt 15.1m)
Taxrate = 13.28% (27.3m / 205.6m)
NOPAT = 609.1m (EBIT 702.4m * (1 - 13.28%))
Current Ratio = 4.77 (Total Current Assets 2.11b / Total Current Liabilities 442.8m)
Debt / Equity = 0.00 (Debt 15.1m / totalStockholderEquity, last quarter 3.57b)
Debt / EBITDA = -1.42 (Net Debt -1.07b / EBITDA 750.7m)
Debt / FCF = -1.51 (Net Debt -1.07b / FCF TTM 705.2m)
Total Stockholder Equity = 3.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 53.68% (Net Income 1.90b / Total Assets 4.21b)
RoE = 56.64% (Net Income TTM 1.90b / Total Stockholder Equity 3.35b)
RoCE = 20.90% (EBIT 702.4m / Capital Employed (Equity 3.35b + L.T.Debt 15.1m))
RoIC = 18.21% (NOPAT 609.1m / Invested Capital 3.35b)
WACC = 14.27% (E(44.86b)/V(44.87b) * Re(14.26%) + D(15.1m)/V(44.87b) * Rd(35.14%) * (1-Tc(0.13)))
Discount Rate = 14.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.86%
[DCF Debug] Terminal Value 62.72% ; FCFF base≈694.7m ; Y1≈825.4m ; Y5≈1.29b
Fair Price DCF = 221.7 (EV 9.55b - Net Debt -1.07b = Equity 10.62b / Shares 47.9m; r=14.27% [WACC]; 5y FCF grow 20.07% → 2.90% )
EPS Correlation: -16.17 | EPS CAGR: -43.88% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.27 | Revenue CAGR: 23.26% | SUE: 2.24 | # QB: 2
EPS next Quarter (2026-03-31): EPS=4.59 | Chg30d=+0.003 | Revisions Net=+8 | Analysts=14
EPS next Year (2026-12-31): EPS=20.83 | Chg30d=+0.013 | Revisions Net=+11 | Growth EPS=+17.7% | Growth Revenue=+17.4%

Additional Sources for MPWR Stock

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