A DC-DC power converter including: input terminals for receiving an input voltage; a pulse wave generator for generating a pulse wave; a transformer having a primary winding and a secondary winding and a magnetizing inductance; a DC blocking capacitor; a rectifier; a filter capacitor; at least one resonant inductor connected in series with the transformer; a resonant capacitor connected to the rectifier; output terminals; and a control unit for controlling operation of the pulse wave generator such when the duty cycle of the pulse wave voltage varies, high efficiency is maintained.