Net Profit Margin
since 2005
Calculation
Monolithic Power Systems Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 80.95% | = | 100 | × | 1,786,700) | ÷ | 2,207,100) |
| Dec 31, 2023 | 23.47% | = | 100 | × | 427,374) | ÷ | 1,821,072) |
| Dec 31, 2022 | 24.39% | = | 100 | × | 437,672) | ÷ | 1,794,148) |
| Dec 31, 2021 | 20.04% | = | 100 | × | 242,023) | ÷ | 1,207,798) |
| Dec 31, 2020 | 19.47% | = | 100 | × | 164,375) | ÷ | 844,452) |
| Dec 31, 2019 | 17.33% | = | 100 | × | 108,839) | ÷ | 627,921) |
| Dec 31, 2018 | 18.08% | = | 100 | × | 105,268) | ÷ | 582,382) |
| Dec 31, 2017 | 13.85% | = | 100 | × | 65,203) | ÷ | 470,929) |
| Dec 31, 2016 | 13.56% | = | 100 | × | 52,720) | ÷ | 388,665) |
| Dec 31, 2015 | 10.56% | = | 100 | × | 35,172) | ÷ | 333,067) |
| Dec 31, 2014 | 12.56% | = | 100 | × | 35,495) | ÷ | 282,535) |
| Dec 31, 2013 | 9.62% | = | 100 | × | 22,898) | ÷ | 238,091) |
| Dec 31, 2012 | 7.37% | = | 100 | × | 15,756) | ÷ | 213,813) |
| Dec 31, 2011 | 6.77% | = | 100 | × | 13,301) | ÷ | 196,519) |
| Dec 31, 2010 | 13.51% | = | 100 | × | 29,563) | ÷ | 218,840) |
| Dec 31, 2009 | 11.92% | = | 100 | × | 19,674) | ÷ | 165,008) |
| Dec 31, 2008 | 15.09% | = | 100 | × | 24,226) | ÷ | 160,511) |
| Dec 31, 2007 | 8.64% | = | 100 | × | 11,580) | ÷ | 134,004) |
| Dec 31, 2006 | -2.73% | = | 100 | × | (2,863) | ÷ | 105,015) |
| Dec 31, 2005 | 5.15% | = | 100 | × | 5,107) | ÷ | 99,131) |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
The long-term financial trajectory of the net profit margin reflects a transition from initial volatility and low profitability toward a period of sustained expansion and operational efficiency, ending with an extraordinary surge in the final reporting period.
- Early Volatility and Recovery (2005–2012)
- The initial period was characterized by significant fluctuations in profitability. A net loss occurred in 2006, resulting in a negative margin of -2.73%. Following this, the margin peaked at 15.09% in 2008 before experiencing a downward correction to 6.77% by 2011. This era indicates a lack of margin stability as the company scaled its early operations.
- Steady Margin Expansion (2013–2017)
- A consistent upward trend emerged starting in 2013, with the net profit margin rising from 9.62% to 13.85% by 2017. This period suggests a phase of stabilizing costs and improving pricing power as revenue grew from approximately 238 million to 471 million US dollars.
- Operational Scaling and Efficiency (2018–2023)
- Between 2018 and 2023, the company achieved a new plateau of profitability, with margins consistently remaining above 17%. The margin reached 24.39% in 2022, indicating strong operational leverage where net income grew at a faster rate than revenue. A slight moderation to 23.47% was observed in 2023, suggesting a period of stabilization at a high efficiency level.
- Exceptional Profitability Event (2024)
- A significant anomaly is observed in 2024, where the net profit margin spiked to 80.95%. While revenue grew by approximately 21% year-over-year, net income increased by more than 300%, rising from 427 million to nearly 1.79 billion US dollars. Such a disproportionate increase in net income relative to revenue typically indicates the impact of non-operating income, significant tax credits, or extraordinary one-time gains rather than purely organic operational growth.
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Comparison to Competitors
Monolithic Power Systems Inc., net profit margin, long-term trends, comparison to competitors
| Monolithic Power Systems Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 80.95% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | 25.68% | -16.95% | 3.10% | 48.85% | 26.03% | 30.68% |
| Dec 31, 2023 | 23.47% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -2.76% | -37.54% | 16.19% | 20.19% | 37.16% |
| Dec 31, 2022 | 24.39% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | -9.44% | 28.24% | 36.23% | 29.27% | 43.68% |
| Dec 31, 2021 | 20.04% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | -9.34% | 21.16% | 25.98% | 26.94% | 42.35% |
| Dec 31, 2020 | 19.47% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 58.70% | 12.54% | 25.61% | 22.09% | 38.69% |
| Dec 31, 2019 | 17.33% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | -6.25% | 26.97% | 35.34% | 18.07% | 34.88% |
| Dec 31, 2018 | 18.08% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 21.62% | 46.51% | 31.37% | -21.40% | 35.35% |
| Dec 31, 2017 | 13.85% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 0.91% | 25.04% | 24.11% | 11.06% | 24.61% |
| Dec 31, 2016 | 13.56% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -29.77% | -2.23% | 12.26% | 24.22% | 26.89% |
| Dec 31, 2015 | 10.56% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 11.74% | 17.90% | 13.47% | 20.85% | 22.97% |
| Dec 31, 2014 | 12.56% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 9.26% | 18.61% | 10.65% | 30.08% | 21.63% |
| Dec 31, 2013 | 9.62% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 9.68% | 13.12% | 13.14% | 27.56% | 17.71% |
| Dec 31, 2012 | 7.37% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | 18.13% | -12.53% | 14.53% | 31.95% | 13.72% |
| Dec 31, 2011 | 6.77% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 25.03% | 1.90% | 7.14% | 28.48% | 16.28% |
| Dec 31, 2010 | 13.51% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 12.59% | 21.81% | -2.04% | 29.54% | 23.11% |
| Dec 31, 2009 | 11.92% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | 4.99% | -38.21% | -0.88% | 15.28% | 14.10% |
| Dec 31, 2008 | 15.09% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -3.95% | -27.72% | 19.46% | 28.36% | 15.36% |
| Dec 31, 2007 | 8.64% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -0.54% | -5.63% | 14.63% | 37.23% | 19.20% |
| Dec 31, 2006 | -2.73% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 19.84% | 7.74% | 12.74% | 32.82% | 30.45% |
| Dec 31, 2005 | 5.15% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 19.92% | 11.57% | 3.85% | 4.99% | 37.78% | 17.35% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Monolithic Power Systems Inc., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Monolithic Power Systems Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2024 | 80.95% | 14.42% |
| Dec 31, 2023 | 23.47% | 16.64% |
| Dec 31, 2022 | 24.39% | 25.04% |
| Dec 31, 2021 | 20.04% | 25.45% |
| Dec 31, 2020 | 19.47% | 23.53% |
| Dec 31, 2019 | 17.33% | 24.08% |
| Dec 31, 2018 | 18.08% | 27.58% |
| Dec 31, 2017 | 13.85% | 16.90% |
| Dec 31, 2016 | 13.56% | 13.44% |
| Dec 31, 2015 | 10.56% | 18.27% |
| Dec 31, 2014 | 12.56% | 19.57% |
| Dec 31, 2013 | 9.62% | 17.41% |
| Dec 31, 2012 | 7.37% | 15.96% |
| Dec 31, 2011 | 6.77% | 20.49% |
| Dec 31, 2010 | 13.51% | 21.44% |
| Dec 31, 2009 | 11.92% | 6.08% |
| Dec 31, 2008 | 15.09% | 9.29% |
| Dec 31, 2007 | 8.64% | 13.69% |
| Dec 31, 2006 | -2.73% | 17.71% |
| Dec 31, 2005 | 5.15% | 19.00% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Monolithic Power Systems Inc., net profit margin, long-term trends, comparison to industry (information technology)
| Monolithic Power Systems Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2024 | 80.95% | 20.48% |
| Dec 31, 2023 | 23.47% | 20.24% |
| Dec 31, 2022 | 24.39% | 22.27% |
| Dec 31, 2021 | 20.04% | 23.48% |
| Dec 31, 2020 | 19.47% | 19.76% |
| Dec 31, 2019 | 17.33% | 19.73% |
| Dec 31, 2018 | 18.08% | 18.59% |
| Dec 31, 2017 | 13.85% | 17.77% |
| Dec 31, 2016 | 13.56% | 17.58% |
| Dec 31, 2015 | 10.56% | 18.32% |
| Dec 31, 2014 | 12.56% | 19.33% |
| Dec 31, 2013 | 9.62% | 20.15% |
| Dec 31, 2012 | 7.37% | 20.07% |
| Dec 31, 2011 | 6.77% | 20.71% |
| Dec 31, 2010 | 13.51% | 20.19% |
| Dec 31, 2009 | 11.92% | 14.45% |
| Dec 31, 2008 | 15.09% | 15.07% |
| Dec 31, 2007 | 8.64% | 15.71% |
| Dec 31, 2006 | -2.73% | 16.26% |
| Dec 31, 2005 | 5.15% | 16.64% |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).