MONOLITHIC POWER SYSTEMS, INC.

EDGAR

Annual consolidated revenue for 2025: about USD 2.79B, using the latest reported figures. The previous period, 2024, was about USD 2.207B.

Watchlist

Latest quarter

Revenue

981 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

30.99%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 303894000 USD Source
  • Revenue: 980642000 USD Source

Operating cash flow

228 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 478159000 USD Source
  • Operating Cash Flow: 250253000 USD Source

Free cash flow

145 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 478159000 USD Source
  • Operating Cash Flow: 250253000 USD Source
  • Capital Expenditure: 153272000 USD Source
  • Capital Expenditure: 70849000 USD Source
Cash and cash equivalents
1.01 billion USD Source
Exact value

1005587000 USD

Long-term debt including current maturities
Not available
Shares outstanding
49.1 million shares Source
Exact value

49142000 shares

Reported share-count change

2.61% · 1.25 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 47892000 shares · 2025-06-30· Source
  • 49142000 shares · 2026-06-30· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-29.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-12-31
  • Operating income: 10 of 11 periods available· newest 2025-12-31
  • Net income: 10 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 10 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 10 of 11 periods available· newest 2025-12-31
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +26.4%

    Prior period

    USD 2.21 billion

    –

    Current period

    USD 2.79 billion

    –

    Exact inputs and evidence

    2790459000 − 2207100000 = 583359000 USD

    2207100000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2790459000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    -61%

    Prior period

    USD 1.59 billion

    –

    Current period

    USD 621.48 million

    –

    Exact inputs and evidence

    621483000 − 1592058000 = -970575000 USD

    1592058000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    621483000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +6.3%

    Prior period

    USD 788.41 million

    –

    Current period

    USD 838.2 million

    –

    Exact inputs and evidence

    838202000 − 788410000 = 49792000 USD

    788410000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    838202000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    +17.7%

    Prior period

    USD 146.12 million

    –

    Current period

    USD 172.01 million

    –

    Exact inputs and evidence

    172013000 − 146118000 = 25895000 USD

    146118000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    172013000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 2.79 billion 100% of revenue
  • Cost of revenue USD 1.25 billion 45% of revenue
  • Operating expenses USD 811.11 million 29% of revenue
  • Operating income USD 728.64 million 26% of revenue
  • Tax, interest and other Derived USD 107.15 million 3.8% of revenue
  • Net income USD 621.48 million 22% of revenue

Cash

  • Operating cash flow USD 838.2 million 30% of revenue
  • Capital expenditure USD 172.01 million 6.2% of revenue
  • Free cash flow Derived USD 666.19 million 24% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 11%88%
  • 2017 14%84%
  • 2018 18%81%
  • 2019 Net income was higher than operating income, so the split is not drawn.
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2021 20%78%
  • 2022 24%71%
  • 2023 23%74%
  • 2024 Net income was higher than operating income, so the split is not drawn.
  • 2025 22%74%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2015-01-01 – 2015-12-31333067000 291997000 Derived 41070000 5898000 Derived 35172000 53712000 Derived
Source
2017 2017-01-01 – 2017-12-31470929000 393505000 Derived 77424000 12221000 Derived 65203000 68051000 Derived
Source
2018 2018-01-01 – 2018-12-31582382000 468894000 Derived 113488000 8220000 Derived 105268000 118925000 Derived
Source
2019 2019-01-01 – 2019-12-31627921000 525359000 Derived 102562000 -6277000 Derived 108839000 120497000 Derived
Source
2020 2020-01-01 – 2020-12-31844452000 685570000 Derived 158882000 -5493000 Derived 164375000 212193000 Derived
Source
2021 2021-01-01 – 2021-12-311207798000 945381000 Derived 262417000 20394000 Derived 242023000 225590000 Derived
Source
2022 2022-01-01 – 2022-12-311794148000 1267363000 Derived 526785000 89113000 Derived 437672000 187831000 Derived
Source
2023 2023-01-01 – 2023-12-311821072000 1339336000 Derived 481736000 54362000 Derived 427374000 580635000 Derived
Source
2024 2024-01-01 – 2024-12-312207100000 1667742000 Derived 539358000 -1052700000 Derived 1592058000 642292000 Derived
Source
2025 2025-01-01 – 2025-12-312790459000 2061823000 Derived 728636000 107153000 Derived 621483000 666189000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.8B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.0B2.3B1.5B753.4M0.0201520212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue333067000
2017Revenue470929000
2018Revenue582382000
2019Revenue627921000
2020Revenue844452000
2021Revenue1207798000
2022Revenue1794148000
2023Revenue1821072000
2024Revenue2207100000
2025Revenue2790459000

Revenue growth

Change in revenue from the same financial period one year earlier.

26.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.52%39%26%13%0%201520212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2017Year over yearNo prior comparable period
2018Year over year23.7%
2019Year over year7.8%
2020Year over year34.5%
2021Year over year43%
2022Year over year48.5%
2023Year over year1.5%
2024Year over year21.2%
2025Year over year26.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 26.1% 2025
Net margin 22.3% 2025
Free cash flow margin 23.9% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.78%58%39%19%0%201520212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin12.3%
2017Operating margin16.4%
2018Operating margin19.5%
2019Operating margin16.3%
2020Operating margin18.8%
2021Operating margin21.7%
2022Operating margin29.4%
2023Operating margin26.5%
2024Operating margin24.4%
2025Operating margin26.1%
2015Net margin10.6%
2017Net margin13.8%
2018Net margin18.1%
2019Net margin17.3%
2020Net margin19.5%
2021Net margin20%
2022Net margin24.4%
2023Net margin23.5%
2024Net margin72.1%
2025Net margin22.3%
2015Free cash flow margin16.1%
2017Free cash flow margin14.5%
2018Free cash flow margin20.4%
2019Free cash flow margin19.2%
2020Free cash flow margin25.1%
2021Free cash flow margin18.7%
2022Free cash flow margin10.5%
2023Free cash flow margin31.9%
2024Free cash flow margin29.1%
2025Free cash flow margin23.9%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 838.2M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.905.3M678.9M452.6M226.3M0.0201520212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flow69736000
2017Operating cash flow133821000
2018Operating cash flow141451000
2019Operating cash flow216303000
2020Operating cash flow267803000
2021Operating cash flow320010000
2022Operating cash flow246674000
2023Operating cash flow638213000
2024Operating cash flow788410000
2025Operating cash flow838202000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 666.2M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.719.5M539.6M359.7M179.9M0.0201520212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flow53712000
2017Free cash flow68051000
2018Free cash flow118925000
2019Free cash flow120497000
2020Free cash flow212193000
2021Free cash flow225590000
2022Free cash flow187831000
2023Free cash flow580635000
2024Free cash flow642292000
2025Free cash flow666189000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

15.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.3%17.5%11.6%5.8%0.0%201520212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets14.6%
2017-12-31Liabilities / assetsNot reportedNo source recorded
2018Liabilities / assets19.3%
2019Liabilities / assets19.1%
2020Liabilities / assets20%
2021Liabilities / assets21.6%
2022Liabilities / assets19%
2023Liabilities / assets15.8%
2024Liabilities / assets16.1%
2025Liabilities / assets15.8%

Current assets to current liabilities

Current assets divided by current liabilities.

5.91× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.8.36×6.27×4.18×2.09×0.00×201520212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities7.67×
2017-12-31Current assets / current liabilitiesNot reportedNo source recorded
2018Current assets / current liabilities7.22×
2019Current assets / current liabilities6.67×
2020Current assets / current liabilities5.73×
2021Current assets / current liabilities4.96×
2022Current assets / current liabilities5.36×
2023Current assets / current liabilities7.74×
2024Current assets / current liabilities5.31×
2025Current assets / current liabilities5.91×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2015-01-01 – 2015-12-31
USD 35.17 million
Exact value

Exact value: 35172000 USD

2015-01-01 – 2015-12-31: 35172000 USD Inspect Net Income Open source
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USD 69.74 million
Exact value

Exact value: 69736000 USD

2015-01-01 – 2015-12-31: 69736000 USD Inspect Operating Cash Flow Open source
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USD 16.02 million
Exact value

Exact value: 16024000 USD

2015-01-01 – 2015-12-31: 16024000 USD Inspect Capital Expenditure Open source
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USD 53.71 million
Calculation and evidence

69736000 − 16024000 USD

Exact free cash flow: 53712000 USD

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2017 2017-01-01 – 2017-12-31
USD 65.2 million
Exact value

Exact value: 65203000 USD

2017-01-01 – 2017-12-31: 65203000 USD Inspect Net Income Open source
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USD 133.82 million
Exact value

Exact value: 133821000 USD

2017-01-01 – 2017-12-31: 133821000 USD Inspect Operating Cash Flow Open source
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USD 65.77 million
Exact value

Exact value: 65770000 USD

2017-01-01 – 2017-12-31: 65770000 USD Inspect Capital Expenditure Open source
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USD 68.05 million
Calculation and evidence

133821000 − 65770000 USD

Exact free cash flow: 68051000 USD

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2018 2018-01-01 – 2018-12-31
USD 105.27 million
Exact value

Exact value: 105268000 USD

2018-01-01 – 2018-12-31: 105268000 USD Inspect Net Income Open source
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USD 141.45 million
Exact value

Exact value: 141451000 USD

2018-01-01 – 2018-12-31: 141451000 USD Inspect Operating Cash Flow Open source
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USD 22.53 million
Exact value

Exact value: 22526000 USD

2018-01-01 – 2018-12-31: 22526000 USD Inspect Capital Expenditure Open source
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USD 118.93 million
Calculation and evidence

141451000 − 22526000 USD

Exact free cash flow: 118925000 USD

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2019 2019-01-01 – 2019-12-31
USD 108.84 million
Exact value

Exact value: 108839000 USD

2019-01-01 – 2019-12-31: 108839000 USD Inspect Net Income Open source
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USD 216.3 million
Exact value

Exact value: 216303000 USD

2019-01-01 – 2019-12-31: 216303000 USD Inspect Operating Cash Flow Open source
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USD 95.81 million
Exact value

Exact value: 95806000 USD

2019-01-01 – 2019-12-31: 95806000 USD Inspect Capital Expenditure Open source
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USD 120.5 million
Calculation and evidence

216303000 − 95806000 USD

Exact free cash flow: 120497000 USD

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2020 2020-01-01 – 2020-12-31
USD 164.38 million
Exact value

Exact value: 164375000 USD

2020-01-01 – 2020-12-31: 164375000 USD Inspect Net Income Open source
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USD 267.8 million
Exact value

Exact value: 267803000 USD

2020-01-01 – 2020-12-31: 267803000 USD Inspect Operating Cash Flow Open source
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USD 55.61 million
Exact value

Exact value: 55610000 USD

2020-01-01 – 2020-12-31: 55610000 USD Inspect Capital Expenditure Open source
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USD 212.19 million
Calculation and evidence

267803000 − 55610000 USD

Exact free cash flow: 212193000 USD

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2021 2021-01-01 – 2021-12-31
USD 242.02 million
Exact value

Exact value: 242023000 USD

2021-01-01 – 2021-12-31: 242023000 USD Inspect Net Income Open source
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USD 320.01 million
Exact value

Exact value: 320010000 USD

2021-01-01 – 2021-12-31: 320010000 USD Inspect Operating Cash Flow Open source
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USD 94.42 million
Exact value

Exact value: 94420000 USD

2021-01-01 – 2021-12-31: 94420000 USD Inspect Capital Expenditure Open source
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USD 225.59 million
Calculation and evidence

320010000 − 94420000 USD

Exact free cash flow: 225590000 USD

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2022 2022-01-01 – 2022-12-31
USD 437.67 million
Exact value

Exact value: 437672000 USD

2022-01-01 – 2022-12-31: 437672000 USD Inspect Net Income Open source
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USD 246.67 million
Exact value

Exact value: 246674000 USD

2022-01-01 – 2022-12-31: 246674000 USD Inspect Operating Cash Flow Open source
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USD 58.84 million
Exact value

Exact value: 58843000 USD

2022-01-01 – 2022-12-31: 58843000 USD Inspect Capital Expenditure Open source
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USD 187.83 million
Calculation and evidence

246674000 − 58843000 USD

Exact free cash flow: 187831000 USD

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2023 2023-01-01 – 2023-12-31
USD 427.37 million
Exact value

Exact value: 427374000 USD

2023-01-01 – 2023-12-31: 427374000 USD Inspect Net Income Open source
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USD 638.21 million
Exact value

Exact value: 638213000 USD

2023-01-01 – 2023-12-31: 638213000 USD Inspect Operating Cash Flow Open source
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USD 57.58 million
Exact value

Exact value: 57578000 USD

2023-01-01 – 2023-12-31: 57578000 USD Inspect Capital Expenditure Open source
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USD 580.64 million
Calculation and evidence

638213000 − 57578000 USD

Exact free cash flow: 580635000 USD

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2024 2024-01-01 – 2024-12-31
USD 1.59 billion
Exact value

Exact value: 1592058000 USD

2024-01-01 – 2024-12-31: 1592058000 USD Inspect Net Income Open source
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USD 788.41 million
Exact value

Exact value: 788410000 USD

2024-01-01 – 2024-12-31: 788410000 USD Inspect Operating Cash Flow Open source
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USD 146.12 million
Exact value

Exact value: 146118000 USD

2024-01-01 – 2024-12-31: 146118000 USD Inspect Capital Expenditure Open source
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USD 642.29 million
Calculation and evidence

788410000 − 146118000 USD

Exact free cash flow: 642292000 USD

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2025 2025-01-01 – 2025-12-31
USD 621.48 million
Exact value

Exact value: 621483000 USD

2025-01-01 – 2025-12-31: 621483000 USD Inspect Net Income Open source
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USD 838.2 million
Exact value

Exact value: 838202000 USD

2025-01-01 – 2025-12-31: 838202000 USD Inspect Operating Cash Flow Open source
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USD 172.01 million
Exact value

Exact value: 172013000 USD

2025-01-01 – 2025-12-31: 172013000 USD Inspect Capital Expenditure Open source
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USD 666.19 million
Calculation and evidence

838202000 − 172013000 USD

Exact free cash flow: 666189000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

313 filings · 5,916 latest values · 5,916 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001280452, 1280452, MPWR, edgar:1280452, mpwr

Also known as MONOLITHIC POWER SYSTEMS INC, MONOLITHIC POWER SYSTEMS, INC., Monolithic Power Systems, Inc.