MONOLITHIC POWER SYSTEMS INC (MPWR) Income statement

Market cap

$67B

P/E ratio

106x

	2011/12	2012/12	2013/12	2014/12	2015/12	2016/12	2017/12	2018/12	2019/12	2020/12	2021/12	2022/12	2023/12	2024/12	2025/12
Revenue	197	214	238	283	333	389	471	582	628	844	1,208	1,794	1,821	2,207	2,790
Revenue growth (%)	-
Cost of revenue	95	101	110	130	153	178	213	260	282	378	522	746	800	986	1,251
Gross profit	102	113	128	153	180	211	258	323	346	466	685	1,049	1,021	1,221	1,540
Gross margin (%)
Research & development	45	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling, general & administrative	40	50	55	67	72	83	97	114	134	162	226	274	276	357	429
Operating margin (%)
Operating expenses	88	96	104	117	139	156	181	209	244	307	423	522	539	682	811
Operating income	13	17	24	35	41	54	77	113	103	159	262	527	482	539	729
Income before tax	14	18	24	36	42	57	83	118	113	169	272	525	506	573	766
Pretax margin (%)	7	8.4	10.1	12.9	12.8	14.7	17.6	20.3	18	20.1	22.5	29.3	27.8	26	27.5
Provision for income taxes	0	2	1	1	7	5	18	13	4	5	30	87	78	-1,214	145
Effective tax rate (%)
Net income	13	16	23	35	35	53	65	105	109	164	242	438	427	1,787	621
Net income margin (%)
Earnings per share	0.39	0.45	0.61	0.92	0.89	1.3	1.58	2.49	2.52	3.67	5.28	9.37	8.98	36.76	12.94
Diluted EPS	0.38	0.43	0.59	0.89	0.86	1.26	1.5	2.36	2.38	3.5	5.05	9.05	8.76	36.59	12.86
Dividend payout ratio (%)	-	-	-
Dividend per share	-	-	-	0.45	0.8	0.8	0.8	1.2	1.6	2	2.4	3	4	5	6.24
EBITDA
EBITDA margin (%)