As of Q3'25, MPWR's Return on Sales (ROS) stands at 27.89%, reflecting a moderate recovery from the recent low of 22.94% observed in Q1'24. The latest data point suggests a stable profitability level approaching the higher values seen in the previous quarters. Over the period from Q1'23 to Q3'25, MPWR's ROS has demonstrated a generally fluctuating trend, with notable declines in Q4'23 and Q1'24, followed by a gradual rebound through 2024 and into 2025. While the ROS peaked at 29.03% in Q3'23, it experienced its lowest point in Q1'24 before steadily improving, indicating resilience and a return to more robust operating margins. The overall pattern suggests periods of volatility but with a tendency toward stabilization in recent quarters.