Monolithic Power Systems Inc (MPWR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 427,374 | 437,672 | 242,023 | 164,375 | 108,839 |
| Revenue | US$ in thousands | 1,821,070 | 1,794,150 | 1,207,800 | 844,452 | 627,921 |
| Net profit margin | 23.47% | 24.39% | 20.04% | 19.47% | 17.33% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $427,374K ÷ $1,821,070K
= 23.47%
The net profit margin of Monolithic Power System Inc has exhibited a generally positive trend over the past five years, indicating the company's ability to efficiently convert its revenue into profit after accounting for all expenses. The margin increased from 17.33% in 2019 to 23.47% in 2023, with the highest point recorded in 2022 at 24.39%. This suggests an improvement in the company's profitability over the years, reflecting effective cost management, revenue growth, or both. Despite some fluctuations, the trend indicates a strong performance in generating profit relative to revenue for Monolithic Power System Inc.
Peer comparison
Dec 31, 2023