Garmin Ltd. (GRMN) vs Monolithic Power Systems, Inc. (MPWR)

A side-by-side comparison of Garmin Ltd. and Monolithic Power Systems, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnGRMN vs MPWR

growth of $100 · dividends reinvested · last 10y
GRMN +637.3% (+22.1%/yr)MPWR +1602.5% (+32.8%/yr)MPWR compounded faster over this window
05001k2k2k3kStart $10020182020202220242026$737$1,702
GRMN MPWR

GRMN vs MPWR: by the numbers

  • MPWR is the larger company ($60.65B vs $54.51B market cap).
  • GRMN trades at the lower trailing earnings multiple (29.14 vs 75.64 P/E), one valuation lens rather than an overall verdict.
  • MPWR grew revenue faster over the past five years (25.77% vs 9.56% CAGR).
  • GRMN pays the higher dividend yield (1.38% vs 0.60%).

Metrics side by side

Valuation

MetricGRMNMPWR
P/E ratio29.1475.64
Forward P/E27.8045.02
P/S ratio7.1118.53
P/B ratio6.0415.57
EV / EBITDA22.8259.66
FCF yield2.81%0.97%

Profitability

MetricGRMNMPWR
Gross margin60.08%55.20%
Operating margin27.61%28.72%
Net margin24.47%24.41%
ROE20.79%20.51%
ROIC18.76%18.22%

Dividends

MetricGRMNMPWR
Dividend yield1.38%0.60%
Payout ratio38.66%43.63%

Growth (annualized)

MetricGRMNMPWR
Revenue CAGR (5Y)9.56%25.77%
EPS CAGR (5Y)10.78%28.43%
FCF CAGR (5Y)7.42%19.36%
Total return CAGR (5Y)11.92%20.01%

Frequently asked

Which has the lower trailing P/E, GRMN or MPWR?
GRMN has the lower trailing P/E: GRMN trades at 29.14 and MPWR at 75.64. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, GRMN or MPWR?
Over the past five years, MPWR grew revenue faster — GRMN at a 9.56% CAGR versus MPWR at 25.77%.
Does GRMN or MPWR pay a bigger dividend?
GRMN yields 1.38% and MPWR yields 0.60% based on trailing dividends and the latest price.
How have GRMN and MPWR total returns compared?
Over the past 10 years, GRMN delivered 22.22% and MPWR delivered 33.15% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.