# Monolithic Power Systems, Inc. (MPWR) — Stock CV

Monolithic Power Systems, Inc. is a $68.1B technology company. Revenue grew 28.7% over the last year, it keeps 25¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 84.7× earnings — in the most expensive third of its own history.

> Monolithic Power Systems is a power chipmaker specializing in voltage regulators. Its mission is to reduce total energy consumption in end systems to improve performance and save customers cost.

## Identity

- **Ticker**: MPWR
- **Sector**: Technology
- **Industry**: Semiconductors & Related Devices
- **Headquarters**: WEST PALM BEACH, FL
- **Employees**: 4 501
- **Website**: https://www.monolithicpower.com
- **Market cap**: $68.1B
- **Last price**: $1 386.00
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $3.27B
- **Net income**: $804M
- **Free cash flow**: $586M
- **Net cash**: $1.23B
- **P/E**: 84.7
- **Revenue growth (YoY)**: 28.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 10 |
| Growth | 100 |
| Profitability | 95 |
| Health | 75 |
| Quality | 70 |
| Moat | 100 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +28.7% YoY
- [x] Profitable — $804M TTM
- [x] Profit growing — +12.5% YoY
- [x] Generates cash — $586M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $68.1B market cap
- [x] Not printing shares — +2.8% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 0.48%
- [ ] Valuation not extreme — P/E 84.7

## Experience (career milestones)

- **2026** — The company also published its annual ESG report and launched public commitments to reduce Scope 1 and 2 greenhouse…
- **FY2024** — Best year on record: $1.79B net income
- **FY2021** — Revenue crossed $1B: $1.21B for the year
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **1997** — Monolithic Power Systems, Inc. was founded in 1997 by Michael Hsing, who is the current CEO

## Strengths

- High gross margin (55.2%)
- Strongly profitable — 24.6% net margin
- Revenue growing 28.7% year over year
- Strong cash conversion — FCF is 17.9% of revenue
- Net cash position after subtracting debt from cash

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.21B | $242M | $226M |
| FY2022 | $1.79B | $438M | $188M |
| FY2023 | $1.82B | $427M | $581M |
| FY2024 | $2.21B | $1.79B | $642M |
| FY2025 | $2.79B | $621M | $666M |

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Source: https://stockcv.com/MPWR — derived from company filings; may be delayed or incomplete. Information, not investment advice.