MPWR vs. ON: Monolithic Power Systems vs. ON Semiconductor Stock Comparison
How do Monolithic Power Systems (MPWR) and ON Semiconductor (ON) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Monolithic Power Systems (MPWR) and ON Semiconductor (ON) are both classified in the Semiconductors sub-industry within the broader Semiconductors & Semiconductor Equipment industry, placing them in the closest GICS peer bucket.
| Profile Item | MPWR | ON |
|---|---|---|
| Name | Monolithic Power Systems Inc. | ON Semiconductor Corporation |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Industry | Semiconductors & Semiconductor Equipment | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Semiconductors | Semiconductors |
| Market Capitalization | 58.06 billion USD | 24.65 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | November 19, 2004 | May 2, 2000 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MPWR | ON |
|---|---|---|
| Total Return (1Y) | 42.29% | 43.93% |
| Total Return (3Y, Annualized) | 42.13% | 2.27% |
| Total Return (5Y, Annualized) | 20.48% | 3.42% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
ON Semiconductor (ON) is heavily traded at around 10.22M shares per day, whereas Monolithic Power Systems (MPWR) sees a more moderate 776.23K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | MPWR | ON |
|---|---|---|
| Volatility (1Y, Annualized) | 57.22% | 64.26% |
| Beta (5Y) | 1.67 | 2.14 |
| Max Drawdown (5Y) | -51.65% | -70.44% |
| Avg. Volume (3M) | 776.23K | 10.22M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MPWR | ON |
|---|---|---|
| Sharpe Ratio (1Y) | 0.66 | 0.62 |
| Sortino Ratio (1Y) | 0.98 | 0.88 |
Profitability
ROE (TTM)
Monolithic Power Systems (MPWR) at 24.47% sits in the top ROE quartile, while ON Semiconductor (ON) at 8.91% is closer to the peer norm — stronger capital efficiency for MPWR.
MPWR
Semiconductors & Semiconductor Equipment industry group
24.47%
- Max
- 52.82%
- MPWR
- 24.47%
- Q3
- 22.26%
- Median
- 10.58%
- Q1
- 1.29%
- Min
- -16.89%
ON
Semiconductors & Semiconductor Equipment industry group
8.91%
- Max
- 52.82%
- Q3
- 22.26%
- Median
- 10.58%
- ON
- 8.91%
- Q1
- 1.29%
- Min
- -16.89%
Net Margin (TTM)
Both Monolithic Power Systems (MPWR) at 23.89% and ON Semiconductor (ON) at 10.82% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
MPWR
Semiconductors & Semiconductor Equipment industry group
23.89%
- Max
- 63.80%
- Q3
- 28.36%
- MPWR
- 23.89%
- Median
- 11.44%
- Q1
- 0.90%
- Min
- -37.77%
ON
Semiconductors & Semiconductor Equipment industry group
10.82%
- Max
- 63.80%
- Q3
- 28.36%
- Median
- 11.44%
- ON
- 10.82%
- Q1
- 0.90%
- Min
- -37.77%
Operating Margin (TTM)
Both Monolithic Power Systems (MPWR) at 29.75% and ON Semiconductor (ON) at 22.23% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
MPWR
Semiconductors & Semiconductor Equipment industry group
29.75%
- Max
- 58.66%
- Q3
- 30.23%
- MPWR
- 29.75%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
ON
Semiconductors & Semiconductor Equipment industry group
22.23%
- Max
- 58.66%
- Q3
- 30.23%
- ON
- 22.23%
- Median
- 15.91%
- Q1
- 7.54%
- Min
- -25.74%
Profitability Metrics
| Metric | MPWR | ON |
|---|---|---|
| ROE (TTM) | 24.47% | 8.91% |
| ROA (TTM) | 15.52% | 6.03% |
| Net Margin (TTM) | 23.89% | 10.82% |
| Operating Margin (TTM) | 29.75% | 22.23% |
| Gross Margin (TTM) | 55.26% | 39.90% |
Growth
Revenue Growth
Monolithic Power Systems (MPWR) at 26.43% sits in the top revenue growth quartile, while ON Semiconductor (ON) at -15.35% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Both Monolithic Power Systems (MPWR) at -64.85% and ON Semiconductor (ON) at -92.01% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.
Growth Metrics
| Metric | MPWR | ON |
|---|---|---|
| Revenue Growth (YoY) | 26.43% | -15.35% |
| Revenue Growth (3Y CAGR) | 15.86% | -10.37% |
| EPS Growth (YoY) | -64.85% | -92.01% |
| EPS Growth (3Y CAGR) | 12.43% | -59.10% |
Financial Strength
Current Ratio (MRQ)
Both Monolithic Power Systems (MPWR) at 3.70 and ON Semiconductor (ON) at 3.55 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
MPWR
Semiconductors & Semiconductor Equipment industry group
3.70
- Max
- 10.33
- Q3
- 5.62
- MPWR
- 3.70
- Median
- 3.33
- Q1
- 2.35
- Min
- 1.03
ON
Semiconductors & Semiconductor Equipment industry group
3.55
- Max
- 10.33
- Q3
- 5.62
- ON
- 3.55
- Median
- 3.33
- Q1
- 2.35
- Min
- 1.03
Debt / Equity (MRQ)
Monolithic Power Systems (MPWR) at 0.01 keeps leverage in the lower industry quartile, while ON Semiconductor (ON) at 0.62 runs a more typical debt-to-equity mix.
MPWR
Semiconductors & Semiconductor Equipment industry group
0.01
- Max
- 1.46
- Q3
- 0.65
- Median
- 0.27
- Q1
- 0.04
- MPWR
- 0.01
- Min
- 0.00
ON
Semiconductors & Semiconductor Equipment industry group
0.62
- Max
- 1.46
- Q3
- 0.65
- ON
- 0.62
- Median
- 0.27
- Q1
- 0.04
- Min
- 0.00
Financial Strength Metrics
| Metric | MPWR | ON |
|---|---|---|
| Current Ratio (MRQ) | 3.70 | 3.55 |
| Debt / Equity (MRQ) | 0.01 | 0.62 |
| Net Debt / EBITDA | -0.92 | 0.18 |
Dividends
Dividend Yield (TTM)
ON Semiconductor (ON) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Monolithic Power Systems (MPWR) reports a yield of 0.67%, ranking against industry peers normally.
MPWR
Semiconductors & Semiconductor Equipment industry group
0.67%
- Max
- 1.37%
- MPWR
- 0.67%
- Q3
- 0.65%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ON
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 1.37%
- Q3
- 0.65%
- ON
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
ON Semiconductor (ON) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Monolithic Power Systems (MPWR) reports a payout of 41.65%, ranking against industry peers normally.
MPWR
Semiconductors & Semiconductor Equipment industry group
41.65%
- Max
- 49.64%
- MPWR
- 41.65%
- Q3
- 21.71%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ON
Semiconductors & Semiconductor Equipment industry group
0.00%
- Max
- 49.64%
- Q3
- 21.71%
- ON
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | MPWR | ON |
|---|---|---|
| Dividend Yield (TTM) | 0.67% | 0.00% |
| Dividend Payout Ratio (TTM) | 41.65% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Monolithic Power Systems (MPWR) at 65.27 and ON Semiconductor (ON) at 37.02 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
MPWR
Semiconductors & Semiconductor Equipment industry group
65.27
- Max
- 110.34
- Q3
- 66.81
- MPWR
- 65.27
- Median
- 37.02
- Q1
- 23.96
- Min
- 8.12
ON
Semiconductors & Semiconductor Equipment industry group
37.02
- Max
- 110.34
- Q3
- 66.81
- ON
- 37.02
- Median
- 37.02
- Q1
- 23.96
- Min
- 8.12
P/S Ratio (TTM)
ON Semiconductor (ON) at 3.87 is priced about in line with its industry on P/S ratio, while Monolithic Power Systems (MPWR) at 15.53 sits in the pricier quartile — MPWR costs more per dollar of sales.
MPWR
Semiconductors & Semiconductor Equipment industry group
15.53
- Max
- 21.42
- MPWR
- 15.53
- Q3
- 12.27
- Median
- 5.76
- Q1
- 2.73
- Min
- 0.00
ON
Semiconductors & Semiconductor Equipment industry group
3.87
- Max
- 21.42
- Q3
- 12.27
- Median
- 5.76
- ON
- 3.87
- Q1
- 2.73
- Min
- 0.00
P/B Ratio (MRQ)
ON Semiconductor (ON) at 3.26 sits near its industry’s typical P/B ratio, while Monolithic Power Systems (MPWR) at 15.56 prices above its benchmark range — MPWR looks rich relative to book.
MPWR
Semiconductors & Semiconductor Equipment industry group
15.56
- MPWR
- 15.56
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- Q1
- 2.30
- Min
- 0.20
ON
Semiconductors & Semiconductor Equipment industry group
3.26
- Max
- 14.06
- Q3
- 7.44
- Median
- 4.29
- ON
- 3.26
- Q1
- 2.30
- Min
- 0.20
Valuation Metrics
| Metric | MPWR | ON |
|---|---|---|
| P/E Ratio (TTM) | 65.27 | 37.02 |
| P/S Ratio (TTM) | 15.53 | 3.87 |
| P/B Ratio (MRQ) | 15.56 | 3.26 |
| Free Cash Flow Yield (TTM) | 0.87% | 6.55% |