The Moat Index

MONOLITHIC POWER SYSTEMS INC

MPWR · Technology · $63.2B mkt cap · FY2025 filings · Wide moat

On the watchlist

90/ 100
Wide moat

The four filters

Pricing power93

Median gross margin 55.2% over 10y, very stable.

Returns on capital100

Median ROIC 23.0%, above the 9% hurdle in 100% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline60

Owner earnings +31.5%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale
703% above value
Owner earnings (normalized)
$437.7M
Est. intrinsic value / share
$164.55
Recent price
$1320.97
Discount to value
703% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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MONOLITHIC POWER SYSTEMS INC (MPWR) Moat Score — The Moat Index · Buy Like Buffett