MPWRMONOLITHIC POWER SYSTEMS, INC.
Semiconductors & Related Devices
- Revenue
- $2.8B
- 26% YoY
- Operating margin
- 26.1%
- 6.9% YoY
- EBITDA
- $781M
- 36% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear135% of net incomeCash flow under 80% of net income
- Dilutive SBCClear8% of revenueOver 10% of revenue
- Payouts exceed cash flowClear35% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.8B | $1.8B | $2.2B | $2.8B | 26% |
| Operating income | $262M | $527M | $482M | $539M | $729M | 35% |
| Net income | $242M | $438M | $427M | $1.6B | $621M | 61% |
| Operating cash flow | $320M | $247M | $638M | $788M | $838M | 6.3% |
| Capex | $94M | $59M | $58M | $146M | $172M | 18% |
| Stock-based comp | $123M | $161M | $150M | $206M | $227M | 11% |
| Buybacks | $0 | $0 | $4M | $636M | $7M | 99% |
| Dividends | $109M | $138M | $186M | $241M | $285M | 18% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $82M · 39
- Net
- −$82M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $20M | $250M | 257 | 253 |
| FY2024 | $19M | $22M | 166 | 178 |
| FY2023 | $15M | $138M | 176 | 149 |
| FY2022 | $21M | −$67M | 98 | 91 |
| FY2021 | $20M | $114M | 135 | 141 |