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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.

Company profile comparison for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
Profile ItemMPWRON
NameMonolithic Power Systems Inc.ON Semiconductor Corporation
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor EquipmentSemiconductors & Semiconductor Equipment
GICS Sub-IndustrySemiconductorsSemiconductors
Market Capitalization58.06 billion USD24.65 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateNovember 19, 2004May 2, 2000
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MPWR
ON
GSPC
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON), with S&P 500 (GSPC) for reference: 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 ON Semiconductor (ON). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Monolithic Power Systems (MPWR) and ON Semiconductor (ON). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
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

MPWR
ON
GSPC
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON), with S&P 500 (GSPC) for reference: 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 ON Semiconductor (ON). Each bar is the share of months whose return fell in that 5% bucket.

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.

Risk profile metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
Volatility (1Y, Annualized)57.22%64.26%
Beta (5Y)1.672.14
Max Drawdown (5Y)-51.65%-70.44%
Avg. Volume (3M)776.23K10.22M

Risk-Adjusted Performance

Risk-Return Positioning

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MPWR and ON are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
Sharpe Ratio (1Y)0.660.62
Sortino Ratio (1Y)0.980.88

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%
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their ROE against the Semiconductors & Semiconductor Equipment industry group benchmark.

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%
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their net margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

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%
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their operating margin against the Semiconductors & Semiconductor Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
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.

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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their Revenue Growth across different time periods.

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.

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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
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
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their current ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

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
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their debt-to-equity ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
Current Ratio (MRQ)3.703.55
Debt / Equity (MRQ)0.010.62
Net Debt / EBITDA-0.920.18

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%
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their dividend yield against the Semiconductors & Semiconductor Equipment industry group benchmark.

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%
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their payout ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
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
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their P/E ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

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
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their P/S ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

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
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Monolithic Power Systems (MPWR) vs. ON Semiconductor (ON): A comparison of their P/B ratio against the Semiconductors & Semiconductor Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Monolithic Power Systems (MPWR) and ON Semiconductor (ON)
MetricMPWRON
P/E Ratio (TTM)65.2737.02
P/S Ratio (TTM)15.533.87
P/B Ratio (MRQ)15.563.26
Free Cash Flow Yield (TTM)0.87%6.55%