Flyback switch mode power supplies have been widely used in low-power applications, such as DC/DC converters, solar micro-inverters and LED drivers. However, flyback converters have several problems related to the volume of the output capacitor as well as high output voltage noise; this is produced by the discontinuous output current. Consequently, interleaved operation with parallel connection on the secondary side can reduce the output current ripple compared with the single-phase flyback converter. Nevertheless, besides the output capacitor, the interleaved operation is unsuitable for transformers if it is desired to obtain light weight and compact performance. To address this problem, the interleaved flyback converter with integrated transformer has been proposed for achieving miniaturization of the output capacitor and transformers. There are mainly two types of the proposed flyback converter with integrated transformer: Parallel and Series types. These two types are categorized based on the connection on the primary side. Nevertheless, quantitative comparison of the volume and power loss has not been analyzed yet. Moreover, the design method of the integrated transformer also has not been conducted with clarity. Hence, in this paper, in order to provide a guide for the design of an interleaved flyback converter for achieving high power density, we analyze the quantitative volume and power losses of the integrated transformer and the input capacitor. Finally, this paper shows some experimental results that validate the appropriateness of the design method for the integrated transformer.