In described examples of methods and control circuitry to control a power conversion system, a regulator circuit is coupled to provide switching control signals according to a regulation signal to operate a plurality of converter switches to generate a voltage signal at a switching node. A compensation sense circuit is coupled to provide a compensation pulse signal having a duty cycle that represents a percentage of time that a current flowing through the switching node is above a threshold value. A current compensation circuit adjusts the regulation signal according to the compensation pulse signal.