Monolithic Power Systems (MPWR) FY2024 results: revenue $2.2 billion, up 21.2% on the year
Monolithic Power Systems, Inc. (MPWR) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, up 21.2% on the year before. Net income was $1.6 billion, up 272.5%, and diluted earnings per share $32.60. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$2.2 billion
+21.2% on the year
FY2017FY2024
Operating margin
24.4%
26.5% a year earlier
FY2017FY2024
Net income
$1.6 billion
+272.5% on the year
FY2017FY2024
Diluted EPS
$32.60
+272.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
788
638
247
+23.5%
Capital expenditure
146
57.6
58.8
+153.8%
Free cash flow
642
581
188
+10.6%
Free cash flow margin
29.1%
31.9%
10.5%
Cash from investing
223
-179
-12.5
Cash from financing
-872
-184
-129
Depreciation and amortisation
36.4
40.2
37.1
-9.3%
Share-based compensation
206
150
161
+37.4%
Buybacks
636
3.7
0.0
+17,095.8%
Dividends paid
241
186
138
+29.5%
Dividend per share
$5.00
$4.00
$3.00
+25.0%
Diluted shares, weighted
49m
49m
48m
+0.1%
Shares outstanding at period end
48m
48m
47m
-0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,951
2,050
1,669
+44.0%
Debt
0.0
0.0
n/a
Operating lease liabilities
13.0
5.6
1.7
+133.1%
Other liabilities
552
379
389
+45.6%
Total liabilities and equity
3,516
2,434
2,059
+44.4%
Fixed assets
495
369
357
+34.1%
Goodwill
25.9
6.6
6.6
+294.8%
Intangible assets
9.9
0.0
n/a
Investments
171
581
451
-70.5%
Cash and equivalents
692
528
289
+31.1%
Receivables
173
180
183
-4.1%
Inventory
420
384
447
+9.4%
Other assets
1,530
386
326
+296.1%
Total assets
3,516
2,434
2,059
+44.4%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.