Monolithic Power Systems, Inc.

MPWRNASDAQTechnology● Active

$1,481.05

$-171.55(-10.38%)

Market Cap$72.8B

P/E Ratio—

52W High$1714.09

52W Low$670

Avg Volume606K

Open$1,591.25

Beta1.69

Overview

Monolithic Power Systems, Inc. (MPWR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MPWR · free cash flow · updated Jun 8, 2026

Core FCF metrics

MPWR · FCF · TTM · margin & CAGR

Free cash flow was $666.2M for FY2025 (fiscal year ending 2025-12-31), up 3.7% year-over-year The FCF margin was 23.9%. Five-year CAGR stands at +25.7%.

FY2025 Free Cash Flow$666.2M▲ +3.7% YoY

Trailing 12M (TTM)$627.5Mtrailing 4 quarters sum

FCF Margin23.9%$666.2M ÷ revenue

3-Year CAGR+52.5%FY2022 → FY2025

5-Year CAGR+25.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MPWR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$838.2M(172M)$666.2M▲ +3.7%23.9%

FY2024$788.4M(146M)$642.3M▲ +10.6%29.1%

FY2023$638.2M(58M)$580.6M▲ +209.1%31.9%

FY2022$246.7M(59M)$187.8M▼ 16.4%10.5%

FY2021$320.0M(95M)$224.8M▲ +5.9%18.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MPWR · P/FCF · FCF yield · FCF per share

Monolithic Power Systems, Inc. (MPWR) trades at a FCF yield of 0.86% and a price-to-free-cash-flow ratio of 113.4x. FCF per share stands at $13.06, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

0.86%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$13.06

TTM FCF ÷ Shares Outstanding

Price / FCF

x113.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x114.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MPWR · cash flow statement · operating / investing / financing

For FY2025, Monolithic Power Systems, Inc. generated $838.2M in operating cash flow and spent 172M in capital expenditures, yielding $666.2M in free cash flow.

Operating Activities

+$838.2M

Cash from core business operations

2025-12-31

Investing Activities

−$157.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$285.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($838.2M) − |CapEx| (172M) = FCF ($666.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

MPWR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Monolithic Power Systems, Inc.YOU

MPWR

$666.2M+3.7%23.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Monolithic Power Systems, Inc. (MPWR) reported free cash flow of $666.2M for FY2025 (fiscal year ending 2025-12-31), up 3.7% year-over-year. The FCF margin was 23.9%.

Based on available data, Monolithic Power Systems, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $666.2M in FY2025. The 5-year CAGR stands at +25.7%.

Monolithic Power Systems, Inc.'s FCF yield is 0.86% and price-to-FCF ratio is 113.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MPWR free cash flow · 8 questions

Monolithic Power Systems, Inc. free cash flow was $666.2M for FY2025, up 3.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $627.5M.

MPWR free cash flowMPWR FCFMPWR FCF 2025MPWR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Monolithic Power Systems, Inc. · Monolithic Power Systems, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026