Monolithic Power Systems (MPWR) Stock Analysis

November 11, 2026

This is a peer-relative look at Monolithic Power Systems (MPWR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Monolithic Power Systems (MPWR)
Profile Item	MPWR
Name	Monolithic Power Systems Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	58.06 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	November 19, 2004
Security Type	Common Stock

Price Performance

Cumulative Growth

MPWR

GSPC

Monolithic Power Systems (MPWR) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Monolithic Power Systems (MPWR) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Monolithic Power Systems (MPWR) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Total Return (1Y)	42.29%	35.06%
Total Return (3Y, Annualized)	42.13%	22.14%
Total Return (5Y, Annualized)	20.48%	7.43%

Risk Profile

Drawdown History

MPWR

GSPC

Monolithic Power Systems (MPWR) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Monolithic Power Systems (MPWR) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Volatility (1Y, Annualized)	57.22%	73.97%
Beta (5Y)	1.67	1.84
Max Drawdown (5Y)	-51.65%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MPWR is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Sharpe Ratio (1Y)	0.66	0.42
Sortino Ratio (1Y)	0.98	0.61

Profitability

ROE (TTM)

Monolithic Power Systems (MPWR) posts ROE of 24.47%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

MPWR

Semiconductors & Semiconductor Equipment industry group

24.47%

Group distribution

Max: 52.82%
MPWR: 24.47%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
MPWR: 24.47%
AMD: 11.96%

Where Monolithic Power Systems (MPWR) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Monolithic Power Systems (MPWR) keeps 23.89% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MPWR

Semiconductors & Semiconductor Equipment industry group

23.89%

Group distribution

Max: 63.80%
Q3: 28.36%
MPWR: 23.89%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
MPWR: 23.89%
AMD: 16.77%

Where Monolithic Power Systems (MPWR) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Monolithic Power Systems (MPWR) turns 29.75% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MPWR

Semiconductors & Semiconductor Equipment industry group

29.75%

Group distribution

Max: 58.66%
Q3: 30.23%
MPWR: 29.75%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
MPWR: 29.75%
AMD: 21.17%

Where Monolithic Power Systems (MPWR) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
ROE (TTM)	24.47%	10.58%
ROA (TTM)	15.52%	4.85%
Net Margin (TTM)	23.89%	11.44%
Operating Margin (TTM)	29.75%	15.91%
Gross Margin (TTM)	55.26%	49.36%

Growth

Revenue Growth

Monolithic Power Systems (MPWR) grew revenue 26.43%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

Monolithic Power Systems (MPWR): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

Monolithic Power Systems (MPWR) grew earnings per share -64.85%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

Monolithic Power Systems (MPWR): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Revenue Growth (YoY)	26.43%	9.64%
Revenue Growth (3Y CAGR)	15.86%	0.00%
EPS Growth (YoY)	-64.85%	4.90%
EPS Growth (3Y CAGR)	12.43%	-7.71%

Financial Strength

Current Ratio (MRQ)

Monolithic Power Systems (MPWR) has current ratio of 3.70, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MPWR

Semiconductors & Semiconductor Equipment industry group

3.70

Group distribution

Max: 10.33
Q3: 5.62
MPWR: 3.70
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
NVDA: 4.59
MPWR: 3.70
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Monolithic Power Systems (MPWR) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Monolithic Power Systems (MPWR) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

MPWR

Semiconductors & Semiconductor Equipment industry group

0.01

Group distribution

Max: 1.46
Q3: 0.65
Median: 0.27
Q1: 0.04
MPWR: 0.01
Min: 0.00

Largest peers

AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04
MPWR: 0.01

Where Monolithic Power Systems (MPWR) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Current Ratio (MRQ)	3.70	3.33
Debt / Equity (MRQ)	0.01	0.27
Net Debt / EBITDA	-0.92	-0.36

Dividends

Dividend Yield (TTM)

Monolithic Power Systems (MPWR) has dividend yield of 0.67%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

MPWR

Semiconductors & Semiconductor Equipment industry group

0.67%

Group distribution

Max: 1.37%
MPWR: 0.67%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TSM: 1.70%
AVGO: 0.89%
MPWR: 0.67%
NVDA: 0.15%
MU: 0.09%
AMD: 0.00%

Where Monolithic Power Systems (MPWR) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Monolithic Power Systems (MPWR) has payout ratio of 41.65%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

MPWR

Semiconductors & Semiconductor Equipment industry group

41.65%

Group distribution

Max: 49.64%
MPWR: 41.65%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MPWR: 41.65%
AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
SKHY: 0.00%
AMD: 0.00%

Where Monolithic Power Systems (MPWR) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
Dividend Yield (TTM)	0.67%	0.00%
Dividend Payout Ratio (TTM)	41.65%	0.00%

Valuation

P/E Ratio (TTM)

Monolithic Power Systems (MPWR) trades at P/E ratio of 65.27, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

MPWR

Semiconductors & Semiconductor Equipment industry group

65.27

Group distribution

Max: 110.34
Q3: 66.81
MPWR: 65.27
Median: 37.02
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
MPWR: 65.27
AVGO: 37.51
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Monolithic Power Systems (MPWR) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Monolithic Power Systems (MPWR) trades at 15.53 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

MPWR

Semiconductors & Semiconductor Equipment industry group

15.53

Group distribution

Max: 21.42
MPWR: 15.53
Q3: 12.27
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
MPWR: 15.53
NVDA: 14.88
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Monolithic Power Systems (MPWR) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Monolithic Power Systems (MPWR) trades at 15.56 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

MPWR

Semiconductors & Semiconductor Equipment industry group

15.56

Group distribution

MPWR: 15.56
Max: 14.06
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
MPWR: 15.56
AVGO: 14.06
AMD: 10.77
MU: 5.64
SKHY: 3.95

Where Monolithic Power Systems (MPWR) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Monolithic Power Systems (MPWR) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: MPWR	Industry group median
P/E Ratio (TTM)	65.27	37.02
P/S Ratio (TTM)	15.53	5.76
P/B Ratio (MRQ)	15.56	4.29
Free Cash Flow Yield (TTM)	0.87%	1.46%