In this paper, we propose the use of second-order slope compensation for a current-mode PWM buck converter. First, the current feedback loop in a current-mode PWM buck converter using a conventional slope compensation is analyzed by the small-signal transfer function. It becomes clear that the stability and frequency bandwidth of the current feedback loop is affected by the external input voltage and the output voltage of the converter. Next, the loop with second-order slope compensation is analyzed, and the result shows that the loop becomes unconditionally stable with the adoption of second-order slope compensation with appropriate parameter values and a current sensing circuit whose current is sensed across an impedance that is inversely proportional to the input voltage. In order to verify our theory, we designed whole circuits of a current-mode PWM buck converter including the new inductor current sensing circuit and the second-order voltage generator circuit using device parameters from the 0.6 µm CMOS process. The circuit simulation results under the conditions of 4 MHz switching frequency, 3.6 V input voltage and 2.4 V output voltage are presented.