A DC-DC converter for converting an input DC voltage to an output DC voltage has a switch element which is turned ON/OFF by a drive signal, a reference voltage source for outputting a first reference voltage when the switch element is ON or outputting a second reference voltage when the switch element is OFF, a capacitive element having one terminal connected to the reference voltage source, a charge/discharge circuit for discharging the capacitive element when the switch element is ON and charging the capacitive element when the switch element is OFF, a switch circuit for short-circuiting the capacitive element when the switch element is turned ON and OFF, and a comparison circuit for comparing the output DC voltage or a voltage at which the output DC voltage is detected with a voltage at the other terminal of the capacitive element and generating the drive signal.