Selected Financial Data
since 2005
Income Statement
Monolithic Power Systems Inc., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Revenue | Operating income | Net income (loss) |
|---|---|---|---|
| Dec 31, 2024 | 2,207,100) | 539,358) | 1,786,700) |
| Dec 31, 2023 | 1,821,072) | 481,736) | 427,374) |
| Dec 31, 2022 | 1,794,148) | 526,785) | 437,672) |
| Dec 31, 2021 | 1,207,798) | 262,417) | 242,023) |
| Dec 31, 2020 | 844,452) | 158,882) | 164,375) |
| Dec 31, 2019 | 627,921) | 102,562) | 108,839) |
| Dec 31, 2018 | 582,382) | 113,488) | 105,268) |
| Dec 31, 2017 | 470,929) | 77,424) | 65,203) |
| Dec 31, 2016 | 388,665) | 54,447) | 52,720) |
| Dec 31, 2015 | 333,067) | 41,070) | 35,172) |
| Dec 31, 2014 | 282,535) | 35,300) | 35,495) |
| Dec 31, 2013 | 238,091) | 23,915) | 22,898) |
| Dec 31, 2012 | 213,813) | 17,279) | 15,756) |
| Dec 31, 2011 | 196,519) | 13,417) | 13,301) |
| Dec 31, 2010 | 218,840) | 30,498) | 29,563) |
| Dec 31, 2009 | 165,008) | 19,530) | 19,674) |
| Dec 31, 2008 | 160,511) | 22,507) | 24,226) |
| Dec 31, 2007 | 134,004) | 9,670) | 11,580) |
| Dec 31, 2006 | 105,015) | 1,235) | (2,863) |
| Dec 31, 2005 | 99,131) | 6,464) | 5,107) |
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).
The revenue of the company demonstrates a consistent upward trend from 2005 through 2024. Starting at $99,131 thousand in 2005, revenue figures generally increase year-over-year, reaching $2,207,100 thousand in 2024. Notable accelerations in revenue growth occur particularly after 2014, with substantial increases between 2016 and 2023.
Operating income exhibits more variability but overall shows a positive growth trajectory over the same period. Early years reflect fluctuations, including a decline from 2005 to 2006, followed by recovery and growth until 2011. From 2012 onward, operating income increases significantly, with a peak at $526,785 thousand in 2022, before a slight decrease in 2023 and a rebound in 2024.
Net income (loss) mirrors similar volatility in the initial years, including a negative figure in 2006 (-$2,863 thousand). However, starting from 2007, net income consistently grows, with marked acceleration after 2014. Peaks are observed in 2022 at $437,672 thousand and 2024 at $1,786,700 thousand. The significant surge in net income in 2024 suggests an exceptional event or operational efficiency enhancements in that year.
- Revenue Growth
- Shows sustained growth with particular acceleration in the last decade, nearly a 22-fold increase from 2005 to 2024.
- Operating Income Variability
- Early years show fluctuations and slower growth, but a strong upward trend post-2012, indicating improved operational efficiency or scaling effects.
- Net Income Recovery and Expansion
- Initial volatility and losses are replaced by steady profit growth after 2007, with exceptional increases particularly from 2018 onwards, culminating in an unusually high net income in 2024.
Overall, the financial data suggests the company has significantly expanded its revenue base and improved profitability over the analyzed period. Operating and net income trends indicate enhanced operational performance with occasional volatility, possibly related to economic conditions or business cycle effects. The marked improvement in profitability in recent years supports a positive outlook on the company’s financial health and operational capabilities.
Balance Sheet: Assets
Monolithic Power Systems Inc., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2024 | 1,565,053) | 3,617,097) |
| Dec 31, 2023 | 1,819,499) | 2,434,353) |
| Dec 31, 2022 | 1,410,619) | 2,058,885) |
| Dec 31, 2021 | 1,124,852) | 1,585,825) |
| Dec 31, 2020 | 841,998) | 1,208,491) |
| Dec 31, 2019 | 655,206) | 956,375) |
| Dec 31, 2018 | 580,810) | 793,432) |
| Dec 31, 2017 | 449,170) | 652,569) |
| Dec 31, 2016 | 382,984) | 511,126) |
| Dec 31, 2015 | 331,928) | 431,285) |
| Dec 31, 2014 | 308,146) | 399,366) |
| Dec 31, 2013 | 292,086) | 368,908) |
| Dec 31, 2012 | 214,301) | 287,162) |
| Dec 31, 2011 | 211,505) | 273,867) |
| Dec 31, 2010 | 224,373) | 281,603) |
| Dec 31, 2009 | 203,499) | 241,821) |
| Dec 31, 2008 | 143,247) | 195,299) |
| Dec 31, 2007 | 148,760) | 172,590) |
| Dec 31, 2006 | 97,160) | 117,327) |
| Dec 31, 2005 | 87,717) | 100,775) |
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).
The financial data reveals a consistent upward trend in both current assets and total assets over the examined period. Current assets have grown substantially, starting from approximately 87.7 million US dollars in 2005 and reaching a peak of around 1.82 billion US dollars in 2023, followed by a decline to about 1.57 billion in 2024. This indicates significant expansion in liquid and short-term assets, although the decrease in the final year warrants further analysis to understand its drivers.
Total assets demonstrate a similar pattern of growth, increasing from roughly 100.8 million US dollars in 2005 to an estimated 3.62 billion US dollars in 2024. The steady rise underscores ongoing asset accumulation and potentially expanding operational scale. The data points to accelerated asset growth particularly noticeable in the period post-2015, with total assets more than tripling between 2015 and 2024, suggesting increased investments or acquisitions.
Comparatively, the growth rate of current assets is significant but appears somewhat less aggressive than the total assets' increase in the later years. This suggests an expansion in long-term assets or other non-current assets at a faster pace, which could be indicative of strategic capital expenditures or intangible asset accumulation.
Overall, the financial position appears to have strengthened considerably during the reviewed period, with asset base enlargement suggesting growth and possibly increased market presence. However, the slight decrease in current assets in 2024 against the broader asset growth signals a potential change in liquidity profile or asset composition that merits closer monitoring.
Balance Sheet: Liabilities and Stockholders’ Equity
Monolithic Power Systems Inc., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Dec 31, 2024 | 294,567) | 471,330) | —) | 3,145,767) |
| Dec 31, 2023 | 235,035) | 384,414) | —) | 2,049,939) |
| Dec 31, 2022 | 263,400) | 390,283) | —) | 1,668,602) |
| Dec 31, 2021 | 226,944) | 341,840) | —) | 1,243,985) |
| Dec 31, 2020 | 146,969) | 241,904) | —) | 966,587) |
| Dec 31, 2019 | 98,225) | 182,884) | —) | 773,491) |
| Dec 31, 2018 | 80,439) | 153,339) | —) | 640,093) |
| Dec 31, 2017 | 65,917) | 130,562) | —) | 522,007) |
| Dec 31, 2016 | 52,921) | 80,010) | —) | 431,116) |
| Dec 31, 2015 | 43,283) | 62,769) | —) | 368,516) |
| Dec 31, 2014 | 36,861) | 52,941) | —) | 346,425) |
| Dec 31, 2013 | 38,489) | 45,509) | —) | 323,399) |
| Dec 31, 2012 | 23,460) | 28,868) | —) | 258,294) |
| Dec 31, 2011 | 26,070) | 30,990) | —) | 242,877) |
| Dec 31, 2010 | 28,970) | 34,708) | —) | 246,895) |
| Dec 31, 2009 | 23,922) | 28,864) | —) | 212,957) |
| Dec 31, 2008 | 25,882) | 30,654) | —) | 164,645) |
| Dec 31, 2007 | 29,412) | 35,053) | —) | 137,537) |
| Dec 31, 2006 | 20,122) | 22,375) | —) | 94,952) |
| Dec 31, 2005 | 22,267) | 22,607) | —) | 78,168) |
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).
The analysis of the annual financial data reveals several key trends in the company’s liabilities and equity over the examined period.
- Current Liabilities
- Current liabilities exhibited fluctuations throughout the period. From 2005 to 2007, there was an increase from approximately 22,267 to 29,412 thousand US dollars, followed by a decline until 2012, reaching about 23,460 thousand US dollars. Subsequently, a steady upward trajectory is observed from 2012 onwards, with current liabilities peaking significantly at approximately 294,567 thousand US dollars by 2024. This suggests an increasing short-term obligation burden in recent years.
- Total Liabilities
- Total liabilities followed a similar pattern to current liabilities but with consistently higher magnitudes, indicating the presence of long-term obligations as well. From 2005 to 2007, total liabilities rose from roughly 22,607 to 35,053 thousand US dollars, then experienced slight decreases until 2012. Post-2012, there was a sharp and almost continuous rise culminating at 471,330 thousand US dollars in 2024, almost doubling the amount from the previous five years. This significant increase in total liabilities could signal accelerated leverage or financing activities.
- Total Debt
- There were no reported values for total debt throughout the period, indicating either an absence of recorded debt or incomplete data for this item. This limits the analysis of the company’s debt composition and reliance on borrowed funds.
- Stockholders’ Equity
- Stockholders’ equity shows a robust and consistent upward trend over the entire period. Starting at 78,168 thousand US dollars in 2005, equity increased steadily each year with some acceleration in later years, reaching approximately 3,145,767 thousand US dollars by 2024. This strong growth denotes increasing net assets attributable to shareholders, indicating that the company has built its capital base substantially over the years.
Overall, the company’s financial position demonstrates growing liabilities alongside strengthening equity. The rising current and total liabilities suggest increasing financial obligations, but the more pronounced growth in equity implies a solid capital foundation that may support this indebtedness. The lack of debt data presents a gap in understanding the composition and risk profile of liabilities. Nonetheless, the equity growth trend indicates sustained value creation for shareholders over the period.
Cash Flow Statement
Monolithic Power Systems Inc., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2024 | 788,410) | 223,047) | (872,227) |
| Dec 31, 2023 | 638,213) | (178,726) | (183,725) |
| Dec 31, 2022 | 246,674) | (12,510) | (128,785) |
| Dec 31, 2021 | 320,010) | (378,886) | (90,206) |
| Dec 31, 2020 | 267,803) | (39,177) | (71,557) |
| Dec 31, 2019 | 216,303) | (167,112) | (48,050) |
| Dec 31, 2018 | 141,451) | (14,740) | (34,559) |
| Dec 31, 2017 | 133,821) | (134,060) | (31,325) |
| Dec 31, 2016 | 107,786) | (55,726) | (28,127) |
| Dec 31, 2015 | 69,736) | (57,197) | (46,652) |
| Dec 31, 2014 | 74,133) | (9,367) | (39,227) |
| Dec 31, 2013 | 60,686) | (54,324) | 18,850) |
| Dec 31, 2012 | 24,912) | (26,837) | (19,553) |
| Dec 31, 2011 | 43,685) | 36,222) | (31,975) |
| Dec 31, 2010 | 48,494) | (33,751) | (14,047) |
| Dec 31, 2009 | 31,764) | (82,128) | 13,618) |
| Dec 31, 2008 | 39,590) | (29,615) | (9,785) |
| Dec 31, 2007 | 26,125) | (13,947) | 19,978) |
| Dec 31, 2006 | 11,819) | 6,605) | 7,330) |
| Dec 31, 2005 | 17,211) | (26,589) | 2,714) |
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).
The data reveals significant fluctuations in the cash flow components over the reported period.
- Operating Activities
- Net cash provided by operating activities shows a general upward trend from 2005 through 2024. Starting at $17,211 thousand in 2005, it experienced moderate volatility but with strong growth overall. Notable surges occurred in 2014 ($74,133 thousand), 2016 ($107,786 thousand), and 2020 ($216,303 thousand), culminating in a substantial peak of $788,410 thousand in 2024. Despite occasional dips, the long-term trend indicates increasing operational cash generation capacity.
- Investing Activities
- Net cash flows related to investing activities exhibit substantial variability with predominantly negative values, indicating general cash outflows for investment purposes. Early years like 2005 (-$26,589 thousand) and 2007 (-$13,947 thousand) show outflows, interrupted by a positive inflow in 2006 ($6,605 thousand) and in 2011 ($36,222 thousand). From 2015 onwards, significant negative spikes are observed, such as -$134,060 thousand (2017) and -$178,726 thousand (2022). Exceptionally, in 2024 there is a large positive swing to $223,047 thousand, suggesting potential divestitures or asset sales in that year.
- Financing Activities
- Net cash from financing activities demonstrates pronounced fluctuations with both positive and negative values. Early years show small positive inflows in 2005 ($2,714 thousand), 2006 ($7,330 thousand), and 2007 ($19,978 thousand). However, from 2008 onwards, the cash flow frequently trends negative, reflecting repayments, buybacks, or reduced debt issuance, with notable lows like -$128,785 thousand in 2022 and a sharp decline reaching -$872,227 thousand in 2024. This trend indicates heightened financing outflows, possibly driven by debt repayments, dividends, or share repurchases.
Overall, the analysis indicates strong operational cash flow growth, fluctuating investing activity predominantly characterized by outflows, and accelerating financing cash outflows in recent years. The positive cash flow in 2024 from investing activities contrasts with heavy negative financing cash flow, suggesting shifts in capital structure or asset management strategies during this period.
Per Share Data
Monolithic Power Systems Inc., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2024 | 36.76 | 36.59 | 5.00 |
| Dec 31, 2023 | 8.98 | 8.76 | 4.00 |
| Dec 31, 2022 | 9.37 | 9.05 | 3.00 |
| Dec 31, 2021 | 5.28 | 5.05 | 2.40 |
| Dec 31, 2020 | 3.67 | 3.50 | 2.00 |
| Dec 31, 2019 | 2.52 | 2.38 | 1.60 |
| Dec 31, 2018 | 2.49 | 2.36 | 1.20 |
| Dec 31, 2017 | 1.58 | 1.50 | 0.80 |
| Dec 31, 2016 | 1.30 | 1.26 | 0.80 |
| Dec 31, 2015 | 0.89 | 0.86 | 0.80 |
| Dec 31, 2014 | 0.92 | 0.89 | 0.45 |
| Dec 31, 2013 | 0.61 | 0.59 | 0.00 |
| Dec 31, 2012 | 0.45 | 0.43 | 1.00 |
| Dec 31, 2011 | 0.39 | 0.38 | 0.00 |
| Dec 31, 2010 | 0.83 | 0.78 | 0.00 |
| Dec 31, 2009 | 0.57 | 0.54 | 0.00 |
| Dec 31, 2008 | 0.72 | 0.67 | 0.00 |
| Dec 31, 2007 | 0.37 | 0.33 | 0.00 |
| Dec 31, 2006 | -0.10 | -0.10 | 0.00 |
| Dec 31, 2005 | 0.18 | 0.17 | 0.00 |
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).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data reveals a general upward trend in both basic and diluted earnings per share over the period analyzed. After a negative dip in 2006, earnings per share demonstrated steady improvement, with occasional fluctuations, reaching a significant peak by the end of 2024. Basic earnings per share increased from $0.18 in 2005 to $36.76 in 2024, while diluted earnings per share followed a similar pattern, rising from $0.17 to $36.59 in the same period. This indicates overall strong profitability growth and effective earnings generation from the company.
Dividend per share data, although incomplete in the early years, shows that dividends were initiated around 2012 and gradually increased over time. The dividend payout grew from $0.45 in 2014 to $5.00 in 2024, reflecting a consistent strategy of returning value to shareholders and confidence in sustained cash flows. The gradual dividend increases align with the improving earnings trend, suggesting a balanced approach toward reinvestment and shareholder remuneration.
The significant surge in earnings per share in the final years, particularly between 2022 and 2024, is noteworthy. Despite the dividend escalation, earnings growth outpaced dividend growth, allowing for potential reinvestment or strengthening of financial position. This pattern signals robust operational performance or possibly favorable market conditions contributing to the profitability leap observed.
- Key Trends Identified:
- - Earnings per share recovered from a loss in 2006 and grew consistently thereafter.
- - Both basic and diluted earnings per share moved in close alignment throughout the period.
- - Dividend payments commenced in the early 2010s and showed steady annual increases.
- - The company maintained a growth trajectory in profitability, significantly accelerating in the most recent years.
- - The dividend growth was moderate and steady compared to the more pronounced earnings spike, reflecting sound financial management.