Monolithic Power Systems, Inc. (MPWR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 804.18M | 751.15M | 737.18M | 664.57M | 637.55M | 621.66M | 620.12M | 507.43M | 457.88M | 454.01M | 474.87M | 441.13M | 451.06M | 460.01M | 495.42M | 461M | 377.71M | 336.5M | 323.52M | 293.32M |
| Revenue Growth % | 26.14% | 20.83% | 18.88% | 30.97% | 39.24% | 36.93% | 30.59% | 15.03% | 1.51% | -1.3% | -4.15% | -4.31% | 19.42% | 36.7% | 53.13% | 57.17% | 48.44% | 44.4% | 24.71% | 57.52% |
| Cost of Goods Sold | 359.12M | 336.89M | 330.95M | 298.56M | 284.32M | 277.26M | 276.68M | 226.85M | 205.44M | 202.89M | 211.33M | 193.45M | 192.28M | 192.2M | 204.52M | 190.04M | 158.83M | 142.63M | 137.21M | 129.1M |
| COGS % of Revenue | 44.66% | 44.85% | 44.89% | 44.92% | 44.6% | 44.6% | 44.62% | 44.71% | 44.87% | 44.69% | 44.5% | 43.85% | 42.63% | 41.78% | 41.28% | 41.22% | 42.05% | 42.39% | 42.41% | 44.01% |
| Gross Profit | 445.06M | 414.27M | 406.23M | 366.02M | 353.23M | 344.41M | 343.44M | 280.58M | 252.44M | 251.12M | 263.54M | 247.68M | 258.78M | 267.81M | 290.9M | 270.96M | 218.88M | 193.87M | 186.31M | 164.22M |
| Gross Margin % | 55.34% | 55.15% | 55.11% | 55.08% | 55.4% | 55.4% | 55.38% | 55.29% | 55.13% | 55.31% | 55.5% | 56.15% | 57.37% | 58.22% | 58.72% | 58.78% | 57.95% | 57.61% | 57.59% | 55.99% |
| Gross Profit Growth % | 26% | 20.28% | 18.28% | 30.45% | 39.93% | 37.15% | 30.32% | 13.28% | -2.45% | -6.23% | -9.41% | -8.59% | 18.23% | 38.14% | 56.14% | 65% | 55.17% | 50.44% | 30.25% | 60.06% |
| Operating Expenses | 203.91M | 214.33M | 211.04M | 201.26M | 184.47M | 181.1M | 179.41M | 164.04M | 156.95M | 141.55M | 127.97M | 135.35M | 134.5M | 130.92M | 139.03M | 129.07M | 122.75M | 115.3M | 109.18M | 103.59M |
| OpEx % of Revenue | 25.36% | 28.53% | 28.63% | 30.28% | 28.93% | 29.13% | 28.93% | 32.33% | 34.28% | 31.18% | 26.95% | 30.68% | 29.82% | 28.46% | 28.06% | 28% | 32.5% | 34.26% | 33.75% | 35.32% |
| Selling, General & Admin | 103.35M | 118.73M | 112.87M | 104.99M | 92.24M | 95.34M | 94.36M | 86.1M | 80.96M | 70.09M | 63.19M | 71.66M | 70.8M | 66.06M | 71.77M | 71.94M | 68.64M | 61.21M | 56.29M | 57.24M |
| SG&A % of Revenue | 12.85% | 15.81% | 15.31% | 15.8% | 14.47% | 15.34% | 15.22% | 16.97% | 17.68% | 15.44% | 13.31% | 16.25% | 15.7% | 14.36% | 14.49% | 15.61% | 18.17% | 18.19% | 17.4% | 19.51% |
| Research & Development | 100.57M | 95.6M | 98.17M | 96.27M | 92.23M | 85.76M | 85.05M | 77.94M | 75.99M | 71.46M | 64.79M | 63.69M | 63.71M | 61.67M | 67.26M | 57.13M | 54.1M | 54.51M | 49.47M | 44.75M |
| R&D % of Revenue | 12.51% | 12.73% | 13.32% | 14.49% | 14.47% | 13.8% | 13.72% | 15.36% | 16.6% | 15.74% | 13.64% | 14.44% | 14.12% | 13.41% | 13.58% | 12.39% | 14.32% | 16.2% | 15.29% | 15.26% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | -420K | 1000K | 1000K |
| Operating Income | 241.15M | 199.94M | 195.18M | 164.76M | 168.76M | 163.31M | 164.03M | 116.54M | 95.49M | 109.57M | 135.57M | 112.33M | 124.28M | 136.89M | 151.87M | 141.89M | 96.13M | 78.57M | 77.13M | 60.63M |
| Operating Margin % | 29.99% | 26.62% | 26.48% | 24.79% | 26.47% | 26.27% | 26.45% | 22.97% | 20.85% | 24.13% | 28.55% | 25.46% | 27.55% | 29.76% | 30.66% | 30.78% | 25.45% | 23.35% | 23.84% | 20.67% |
| Operating Income Growth % | 42.9% | 22.43% | 18.99% | 41.38% | 76.74% | 49.04% | 20.99% | 3.75% | -23.17% | -19.96% | -10.74% | -20.84% | 29.27% | 74.23% | 96.9% | 134.03% | 108.6% | 96.61% | 28.6% | 116.88% |
| EBITDA | 256.26M | 213.64M | 208.88M | 177.88M | 180.21M | 173.35M | 173.47M | 125.23M | 103.74M | 119.8M | 145.57M | 122.28M | 134.26M | 145.66M | 161.53M | 151.46M | 105.25M | 86.89M | 84.86M | 67.75M |
| EBITDA Margin % | 31.87% | 28.44% | 28.34% | 26.77% | 28.27% | 27.88% | 27.97% | 24.68% | 22.66% | 26.39% | 30.65% | 27.72% | 29.77% | 31.66% | 32.6% | 32.85% | 27.87% | 25.82% | 26.23% | 23.1% |
| EBITDA Growth % | 42.2% | 23.24% | 20.41% | 42.04% | 73.71% | 44.7% | 19.17% | 2.41% | -22.74% | -17.75% | -9.88% | -19.27% | 27.56% | 67.63% | 90.35% | 123.56% | 103.92% | 91.55% | 30.68% | 108.74% |
| D&A (Non-Cash Add-back) | 15.11M | 13.7M | 13.7M | 13.12M | 11.45M | 10.04M | 9.45M | 8.69M | 8.25M | 10.23M | 10M | 9.95M | 9.99M | 8.77M | 9.66M | 9.57M | 9.12M | 8.32M | 7.73M | 7.12M |
| EBIT | 247.18M | 209.77M | 205.57M | 176.98M | 173.89M | 169.53M | 174.31M | 124.05M | 105.03M | 119.55M | 137.85M | 118.87M | 129.57M | 140.08M | 151.88M | 136.8M | 95.5M | 78.15M | 80.55M | 62.22M |
| Net Interest Income | 7.94M | 9.07M | 11.74M | 6.04M | 5.7M | 6.74M | 6.8M | 6.63M | 6.91M | 6.52M | 6.07M | 5.96M | 4.81M | 3.99M | 3.58M | 3.33M | 3.46M | 3.54M | 3.05M | 2.77M |
| Interest Income | 7.94M | 9.07M | 11.74M | 6.04M | 5.7M | 6.74M | 6.8M | 6.63M | 6.91M | 6.52M | 6.07M | 5.96M | 4.81M | 3.99M | 3.58M | 3.33M | 3.46M | 3.54M | 3.05M | 2.77M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 6.03M | 9.84M | 10.39M | 12.22M | 5.13M | 6.22M | 10.28M | 7.51M | 9.54M | 9.98M | 2.29M | 6.54M | 5.3M | 3.87M | 5K | -5.09M | -634K | 3.39M | 793K | 3.03M |
| Pretax Income | 247.18M | 209.77M | 205.57M | 176.98M | 173.89M | 169.53M | 174.31M | 124.05M | 105.03M | 119.55M | 137.85M | 118.87M | 129.57M | 140.76M | 151.88M | 136.8M | 95.5M | 81.96M | 77.92M | 63.66M |
| Pretax Margin % | 30.74% | 27.93% | 27.89% | 26.63% | 27.27% | 27.27% | 28.11% | 24.45% | 22.94% | 26.33% | 29.03% | 26.95% | 28.73% | 30.6% | 30.66% | 29.67% | 25.28% | 24.36% | 24.09% | 21.7% |
| Income Tax | 53.96M | 39.64M | 27.3M | 43.25M | 40.1M | -1.28B | 29.88M | 23.68M | 12.49M | 22.64M | 16.69M | 19.36M | 19.77M | 21.67M | 27.54M | 22.12M | 15.93M | 9.29M | 9.15M | 8.49M |
| Effective Tax Rate % | 21.83% | 18.9% | 13.28% | 24.44% | 23.06% | -754.93% | 17.14% | 19.09% | 11.89% | 18.94% | 12.11% | 16.29% | 15.26% | 15.4% | 18.13% | 16.17% | 16.68% | 11.34% | 11.75% | 13.34% |
| Net Income | 193.23M | 170.14M | 178.27M | 133.73M | 133.79M | 1.45B | 144.43M | 100.37M | 92.54M | 96.91M | 121.16M | 99.5M | 109.8M | 119.09M | 124.34M | 114.68M | 79.57M | 72.67M | 68.77M | 55.17M |
| Net Margin % | 24.03% | 22.65% | 24.18% | 20.12% | 20.98% | 233.14% | 23.29% | 19.78% | 20.21% | 21.34% | 25.52% | 22.56% | 24.34% | 25.89% | 25.1% | 24.88% | 21.07% | 21.6% | 21.26% | 18.81% |
| Net Income Growth % | 44.42% | -88.26% | 23.43% | 33.24% | 44.57% | 1395.65% | 19.2% | 0.87% | -15.72% | -18.63% | -2.55% | -13.23% | 38% | 63.88% | 80.8% | 107.87% | 75.21% | 69.45% | 23.76% | 82.88% |
| Net Income (Continuing) | 193.23M | 170.14M | 178.27M | 133.73M | 133.79M | 1.45B | 144.43M | 100.37M | 92.54M | 96.91M | 121.16M | 99.5M | 109.8M | 119.09M | 124.34M | 114.68M | 79.57M | 72.67M | 68.77M | 55.17M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.92 | 3.46 | 3.71 | 2.78 | 2.79 | 29.88 | 2.95 | 2.05 | 1.89 | 1.98 | 2.48 | 2.04 | 2.26 | 2.45 | 2.57 | 2.37 | 1.65 | 1.51 | 1.44 | 1.16 |
| EPS Growth % | 40.5% | -88.42% | 25.76% | 35.61% | 47.62% | 1409.09% | 18.95% | 0.49% | -16.37% | -19.18% | -3.5% | -13.92% | 36.97% | 62.25% | 78.47% | 104.31% | 73.68% | 67.78% | 22.03% | 81.25% |
| EPS (Basic) | 3.94 | 3.51 | 3.72 | 2.79 | 2.80 | 30.00 | 2.96 | 2.06 | 1.90 | 2.02 | 2.54 | 2.10 | 2.32 | 2.54 | 2.66 | 2.46 | 1.71 | 1.58 | 1.50 | 1.20 |
| Diluted Shares Outstanding | 49.24M | 49.17M | 48.04M | 48.01M | 48.01M | 48.51M | 48.96M | 48.95M | 48.93M | 48.88M | 48.79M | 48.76M | 48.66M | 48.55M | 48.35M | 48.29M | 48.25M | 48.24M | 47.85M | 47.75M |
| Basic Shares Outstanding | 49.1M | 48.5M | 47.9M | 47.87M | 47.85M | 48.32M | 48.76M | 48.69M | 48.63M | 47.94M | 47.78M | 47.49M | 47.23M | 46.98M | 46.83M | 46.67M | 46.42M | 46.14M | 45.97M | 45.8M |
| Dividend Payout Ratio | 40.57% | 43.98% | 42.02% | 56.13% | 44.85% | 4.27% | 42.34% | 67.81% | 53.55% | 52.19% | 40.77% | 49.38% | 33.45% | 30.57% | 29.17% | 31.8% | 36.23% | 39.41% | 41.45% | 52.12% |