Stock Analysis on Net
Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Common-Size Income Statement 

Monolithic Power Systems Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue 100.00 100.00 100.00 100.00 100.00
Cost of revenue -44.68 -43.93 -41.56 -43.25 -44.82
Gross profit 55.32% 56.07% 58.44% 56.75% 55.18%
Research and development -14.71 -14.48 -13.39 -15.78 -16.29
Selling, general and administrative -16.16 -15.14 -15.70 -19.24 -20.07
Operating expenses -30.88% -29.62% -29.08% -35.03% -36.36%
Operating income 24.44% 26.45% 29.36% 21.73% 18.81%
Interest income 1.23 1.28 0.80 0.96 1.10
Amortization of discount (premium) on available-for-sale securities, net 0.91 0.29 -0.24 -0.39 -0.35
Gain (loss) on deferred compensation plan investments 0.43 0.47 -0.37 0.38 0.54
Charitable contributions -1.08 -0.82 -0.33 -0.12 -0.09
Gain on sale of equity investment 0.00 0.08 0.00 0.00 0.00
Other 0.03 0.02 0.04 -0.02 0.03
Other income (expense), net 1.52% 1.32% -0.10% 0.81% 1.24%
Income before income taxes 25.96% 27.78% 29.26% 22.54% 20.05%
Income tax (expense) benefit, net 54.99 -4.31 -4.86 -2.50 -0.59
Net income 80.95% 23.47% 24.39% 20.04% 19.47%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Monolithic Power Systems Inc. operating income as a percentage of revenue decreased from 2022 to 2023 and from 2023 to 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Monolithic Power Systems Inc. income before income taxes as a percentage of revenue decreased from 2022 to 2023 and from 2023 to 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Monolithic Power Systems Inc. net income as a percentage of revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.