Cirrus Logic vs Monolithic Power Systems
Add, change or remove companies; up to four.
The short version
- Monolithic Power Systems is the larger business, with $2.8B of revenue in fiscal 2025 against $2.0B for Cirrus Logic.
- Monolithic Power Systems grew revenue faster (26.4%, against 5.3%).
- Monolithic Power Systems kept more of each dollar of sales as operating profit (26.1% operating margin, against 23.1%).
- Cirrus Logic turned more of its sales into free cash flow (31.9% FCF margin, against 23.9%).
- Cirrus Logic earned a higher return on the capital invested in it (29.6%, against 27.1%).
- Investors pay more for each dollar of Monolithic Power Systems’s earnings: a P/E of 69.6x against 13.7x for Cirrus Logic.
| Latest fiscal year | CRUS · FY26 | MPWR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $56.2B |
| Revenue | $2.0B | $2.8B |
| Free cash flow | $637M | $666M |
| Net income | $414M | $622M |
| Growth | ||
| Revenue growth | 5.3% | 26.4% |
| 5-year growth | 7.8% | 27.0% |
| Share count change | −4.4% | −1.1% |
| Profitability | ||
| Gross margin | 52.8% | 55.2% |
| Operating margin | 23.1% | 26.1% |
| Net margin | 20.8% | 22.3% |
| FCF margin | 31.9% | 23.9% |
| Return on capital | 29.6% | 27.1% |
| Return on equity | 20.3% | 19.2% |
| Balance sheet | ||
| Net debt | −$888M | −$1.3B |
| Net debt / EBITDA | −1.7x | −1.6x |
| Dividends and buybacks | $280M | $291M |
| Valuation & quality | ||
| P/E | 13.7x | 69.6x |
| Piotroski F-score | 8 | 5 |
Revenue
FY17
CRUS $1.5B
MPWR $471M
FY18
CRUS $1.5B
MPWR $582M
FY19
CRUS $1.2B
MPWR $628M
FY20
CRUS $1.3B
MPWR $845M
FY21
CRUS $1.4B
MPWR $1.2B
FY22
CRUS $1.8B
MPWR $1.8B
FY23
CRUS $1.9B
MPWR $1.8B
FY24
CRUS $1.8B
MPWR $2.2B
FY25
CRUS $1.9B
MPWR $2.8B
FY26
CRUS $2.0B
MPWR —
CRUS
MPWR
Operating margin
FY17
CRUS 20.6%
MPWR 16.4%
FY18
CRUS 17.1%
MPWR 19.5%
FY19
CRUS 8.5%
MPWR 16.3%
FY20
CRUS 13.5%
MPWR 18.8%
FY21
CRUS 17.3%
MPWR 21.7%
FY22
CRUS 20.6%
MPWR 29.4%
FY23
CRUS 13.1%
MPWR 26.5%
FY24
CRUS 19.2%
MPWR 24.4%
FY25
CRUS 21.6%
MPWR 26.1%
FY26
CRUS 23.1%
MPWR —
CRUS
MPWR
Free cash flow
FY17
CRUS $328M
MPWR $68.1M
FY18
CRUS $264M
MPWR $119M
FY19
CRUS $175M
MPWR $121M
FY20
CRUS $280M
MPWR $212M
FY21
CRUS $331M
MPWR $226M
FY22
CRUS $98.6M
MPWR $188M
FY23
CRUS $304M
MPWR $581M
FY24
CRUS $384M
MPWR $642M
FY25
CRUS $422M
MPWR $666M
FY26
CRUS $637M
MPWR —
CRUS
MPWR
Return on capital
FY17
CRUS 33.9%
MPWR 31.6%
FY18
CRUS 19.3%
MPWR 41.5%
FY19
CRUS 11.0%
MPWR 34.0%
FY20
CRUS 17.3%
MPWR 44.7%
FY21
CRUS 23.3%
MPWR 52.4%
FY22
CRUS 30.7%
MPWR 60.6%
FY23
CRUS 14.4%
MPWR 43.5%
FY24
CRUS 21.0%
MPWR 35.6%
FY25
CRUS 23.1%
MPWR 27.1%
FY26
CRUS 29.6%
MPWR —
CRUS
MPWR
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.