Bel Fuse Inc. Class A Common Stock (BELFA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.29	$2.76	+20.5%	—	$210.7M	—
Q1 26	$1.51	$1.72	+13.9%	—	$178.5M	—
Q4 25	$1.1	$1.88	+70.9%	—	$175.9M	—
Q3 25	$1.4	$1.65	+17.9%	—	$179M	—
Q2 25	$1.2	$1.58	+31.7%	—	$168.3M	—
Q1 25	$0.99	$1.28	+29.3%	—	$152.2M	—
Q4 24	$0.83	$1.45	+74.7%	—	$149.9M	—
Q3 24	$0.82	$0.94	+14.6%	—	$123.6M	—
Q2 24	$0.89	$1.46	+64.0%	—	$133.2M	—
Q1 24	$1.09	$1.19	+9.2%	—	$128.1M	—
Q4 23	$1.43	$1.29	-9.8%	—	$140M	—
Q3 23	$1.27	$1.68	+32.3%	—	$158.7M	—
Q2 23	—	$1.99	—	—	$168.8M	—
Q1 23	—	$1.49	—	—	$172.3M	—
Q4 22	—	$1.35	—	—	$169.2M	—
Q3 22	—	$1.48	—	—	$177.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.65	—	—	$675.5M	—
FY24	—	$3.09	—	—	$534.8M	—
FY23	—	$5.83	—	—	$639.8M	—
FY22	—	$4.24	—	—	$654.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$500.2M	$491.6M	$548.2M	$492.4M	$465.8M	$543.5M	$654.2M	$639.8M	$534.8M	$675.5M
YoY change	-11.8%	-1.71%	+11.5%	-10.2%	-5.41%	+16.7%	+20.4%	-2.2%	-16.4%	+26.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	500.2M	491.6M	548.2M	492.4M	465.8M	543.5M	654.2M	639.8M	534.8M	675.5M
Cost of revenue	400.2M	389.3M	408.9M	382.4M	346M	409.1M	470.8M	424M	332.4M	411M
Gross profit	99.9M	102.3M	139.3M	110M	119.7M	134.4M	183.5M	215.8M	202.4M	264.4M
Gross margin	20%	20.8%	25.4%	22.3%	25.7%	24.7%	28%	33.7%	37.8%	39.1%
Research & development	—	—	29.5M	26.9M	23.6M	21.9M	20.2M	22.5M	23.6M	30.9M
Selling, general & administrative	71M	84.7M	82.6M	77.4M	78.7M	86.6M	92.3M	99.1M	110.6M	125.8M
Operating expenses	71M	84.7M	112.1M	104.3M	102.3M	108.5M	112.6M	121.6M	134.2M	156.7M
Operating income	28.9M	17.7M	27.2M	5.6M	17.4M	25.9M	70.9M	94.3M	68.2M	107.7M
Operating margin	5.78%	3.6%	4.96%	1.14%	3.74%	4.76%	10.8%	14.7%	12.7%	15.9%
Non-operating income, net	-105.4M	-1.2M	1.8M	-7.5M	-533K	5M	-8.4M	-8.1M	-7M	1M
Pretax income	-82.6M	9.6M	23.6M	-7.3M	12.1M	27.3M	59.1M	83.3M	61.8M	95M
Income tax	-17.7M	21.5M	2.9M	1.4M	-659K	2.5M	6.4M	9.5M	12.6M	20.9M
Net income	-64.8M	-11.9M	20.7M	-8.7M	12.8M	24.8M	52.7M	73.8M	49.2M	74.1M
Net margin	-13%	-2.42%	3.78%	-1.78%	2.75%	4.57%	8.05%	11.5%	9.2%	11%
EBITDA	51.3M	37.5M	47.4M	21.8M	32.1M	42.4M	83M	104.8M	86.2M	146.2M
EPS	-5.48	-0.99	1.73	-0.71	0.97	2.02	4.24	5.83	3.09	4.65
Diluted EPS	-5.48	-0.99	1.73	-0.71	0.97	2.02	4.24	5.83	3.09	4.65

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	158.7M	140M	128.1M	133.2M	123.6M	149.9M	152.2M	168.3M	179M	175.9M	178.5M	210.7M
Cost of revenue	103.2M	88.8M	80M	79.8M	79M	93.7M	93.4M	103.2M	107.8M	106.6M	108.9M	126.7M
Gross profit	55.5M	51.2M	48.1M	53.4M	44.7M	56.2M	58.8M	65.1M	71.1M	69.4M	69.6M	84M
Gross margin	35%	36.6%	37.5%	40.1%	36.1%	37.5%	38.6%	38.7%	39.7%	39.4%	39%	39.9%
Research & development	5.3M	6M	5.2M	6M	5.4M	6.9M	7.2M	8.1M	7.5M	8M	8.5M	9M
Selling, general & administrative	23.7M	24.9M	24.9M	24.1M	26.7M	34.8M	29.5M	30.9M	32.8M	32.6M	36.7M	36.3M
Operating expenses	29M	30.9M	30.2M	30.1M	32.1M	41.8M	36.7M	39M	40.4M	40.6M	45.2M	45.3M
Operating income	26.5M	20.3M	17.9M	23.3M	12.5M	14.4M	22.1M	26.1M	30.8M	28.8M	24.4M	38.7M
Operating margin	16.7%	14.5%	14%	17.5%	10.1%	9.64%	14.5%	15.5%	17.2%	16.4%	13.6%	18.4%
Non-operating income, net	-2.2M	-6.3M	1.8M	-1.1M	-2.4M	-5.3M	5.6M	11.4M	608K	-16.5M	-4.2M	-394K
Pretax income	23.8M	13.5M	20.4M	22.9M	11.2M	7.4M	23.8M	33.7M	28M	9.6M	17.8M	37.8M
Income tax	4.3M	1.5M	4.5M	4.1M	3.1M	953K	5.5M	6.9M	5.4M	3.1M	2.8M	3.8M
Net income	19.4M	12M	15.9M	18.8M	8.1M	6.4M	18.3M	26.8M	22.6M	6.4M	15M	34M
Net margin	12.3%	8.6%	12.4%	14.1%	6.54%	4.29%	12%	15.9%	12.6%	3.66%	8.39%	16.1%
EBITDA	29.8M	21.1M	24.5M	27.4M	16.3M	18M	31.7M	40.5M	38.7M	35.3M	27.6M	46.7M
EPS	1.46	0.95	1.19	1.5	0.65	-0.14	1.36	2.03	1.77	-0.42	0.91	1.89
Diluted EPS	1.46	0.95	1.19	1.5	0.65	-0.14	1.36	2.03	1.77	-0.42	0.91	1.89

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	301.8M	262.5M	166.6M	199M	163.7M	186M	403.6M	825.8M	1.1B	1.9B	2.6B
Enterprise value	369.6M	315.9M	226.9M	289.5M	209M	258.3M	449.9M	779.5M	1.4B	2.1B	2.8B
Shares outstanding	11.9M	12M	12.1M	12.3M	12.3M	12.4M	12.5M	12.8M	12.6M	12.6M	12.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	8.04	—	12.8	7.5	7.66	11.2	23.1	25.9	52.1
P/S	0.6	0.53	0.3	0.4	0.35	0.34	0.62	1.29	2.12	2.84	3.47
P/B	1.9	1.66	0.94	1.18	0.88	0.89	1.54	2.42	2.58	3.7	3.22
EV/EBITDA	7.2	8.43	4.79	13.3	6.52	6.1	5.42	7.44	16.1	14.2	18.6
EV/Sales	0.74	0.64	0.41	0.59	0.45	0.48	0.69	1.22	2.59	3.08	3.71
Earnings yield	—	—	12.4%	—	7.81%	13.3%	13.1%	8.94%	4.33%	3.86%	1.92%
FCF yield	10.1%	6.74%	-0.9%	7.32%	24.8%	-2.56%	7.79%	11.7%	5.28%	3.58%	2.17%
PEG	—	—	—	—	—	—	—	—	—	—	-7.55

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	20%	20.8%	25.4%	22.3%	25.7%	24.7%	28%	33.7%	37.8%	39.1%	39.9%
Operating margin	5.78%	3.6%	4.96%	1.14%	3.74%	4.76%	10.8%	14.7%	12.7%	15.9%	18.2%
Net margin	-13%	-2.42%	3.78%	-1.78%	2.75%	4.57%	8.05%	11.5%	9.2%	11%	7.21%
ROE	-40.9%	-7.53%	11.7%	-5.2%	6.89%	11.9%	20.1%	21.7%	11.2%	14.3%	10.4%
ROA	-15.2%	-2.76%	4.67%	-1.86%	2.82%	4.85%	9.4%	12.9%	5.18%	7.92%	6.87%
ROIC	12.8%	0%	10.1%	2.18%	7.54%	8.36%	20.5%	28.4%	7.86%	12.3%	13.9%
Return on tangible assets	-26.9%	-4.72%	7.44%	-3.12%	4.66%	7.38%	13.1%	17.6%	70.5%	106.4%	19.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.77	3.05	2.74	3.14	3.2	2.94	2.8	3.45	2.92	3.02	4.48
Quick ratio	1.7	1.81	1.61	1.95	2.06	1.69	1.53	2.21	1.66	1.71	3.2
Debt / equity	0.89	0.78	0.65	0.97	0.7	0.64	0.44	0.24	0.72	0.43	0.03
Debt / assets	0.33	0.28	0.26	0.35	0.29	0.26	0.21	0.14	0.34	0.24	0.03
Net debt / EBITDA	1.32	1.42	1.27	4.14	1.41	1.71	0.56	-0.44	2.89	1.12	-1.83
Interest coverage	-11.4	2.42	5.44	-0.34	3.56	8.72	18.5	30.2	16.2	7.44	9.51
Effective tax rate	0%	100%	12.3%	0%	0%	9.17%	10.8%	11.4%	20.4%	22%	16.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	41.9	40.9	45.3	40.1	37.8	43.8	52.2	50.1	42.4	53.4	57.7
EPS (basic)	-5.48	-0.99	1.73	-0.71	0.97	2.02	4.24	5.83	3.09	4.65	4.65
EPS (diluted)	-5.48	-0.99	1.73	-0.71	0.97	2.02	4.24	5.83	3.09	4.65	3.9
Book value per share	13.3	13.1	14.6	13.7	15.1	16.8	20.9	26.7	35	41	63
FCF per share	2.55	1.47	-0.12	1.19	3.3	-0.38	2.51	7.53	4.75	5.43	5.39
Cash per share	6.16	5.76	4.45	5.88	6.89	4.98	5.6	9.93	5.49	4.57	21.2
Capex per share	0.2	0.53	0.95	0.33	0.12	0.17	0.56	0.48	1.05	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.48%	1.29%	2.1%	0.83%	0.33%	0.38%	1.07%	0.95%	2.47%	—	—
Capex / operating cash flow	-4.48%	39.5%	432.6%	11.9%	3.54%	30.4%	23.8%	5.49%	16.4%	—	—
Payout ratio	-5.01%	-27.6%	15.9%	-38.3%	26.3%	13.6%	6.48%	4.73%	7.02%	4.68%	6.15%
Dividend yield	1.08%	1.25%	1.98%	1.68%	2.05%	1.82%	0.85%	0.42%	0.3%	0.18%	0.12%

Yield

0.12%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.06

ex-dividend Oct 15, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Oct 15, 2026upcoming	$0.06
Jul 15, 2026	$0.06
Apr 15, 2026	$0.06
Jan 15, 2026	$0.06

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$158.7M	$140M	$128.1M	$133.2M	$123.6M	$149.9M	$152.2M	$168.3M	$179M	$175.9M	$178.5M	$210.7M
YoY change	-10.7%	-17.3%	-25.7%	-21.1%	-22.1%	+7.03%	+18.9%	+26.3%	+44.8%	+17.4%	+17.2%	+25.2%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	73.4M	69.4M	53.9M	72.3M	84.9M	61.8M	70.3M	126.9M	69.2M	57.8M
Receivables	74.4M	78.8M	91.9M	76.1M	71.4M	87.1M	107.3M	84.1M	111.4M	121.5M
Inventory	98.9M	107.7M	120.1M	107.3M	100.1M	139.4M	172.5M	136.5M	161.4M	167.3M
Total current assets	255.4M	266.1M	290.5M	283.2M	280.2M	329M	381.4M	381.5M	373.5M	384.8M
Property, plant & equipment	18.7M	12.7M	13.8M	30.7M	28.8M	38.5M	36.9M	41.7M	53.6M	54.9M
Goodwill & intangibles	185.6M	179.1M	165M	188.7M	179.5M	175.3M	158.4M	152.1M	880M	865.6M
Total assets	426.7M	431.3M	443.5M	468.9M	453.9M	511.8M	560.5M	571.6M	949.8M	935.2M
Accounts payable	47.2M	47.9M	56.2M	44.2M	39.8M	66M	64.6M	40.4M	49.2M	53M
Short-term debt	11.4M	2.6M	2.5M	12.9M	11.9M	6.9M	5.9M	6.3M	8M	8M
Total current liabilities	92.3M	87.3M	106M	90.2M	87.5M	112M	136.3M	110.6M	128.1M	127.4M
Long-term debt	129.8M	120.1M	111.7M	150M	118.4M	127.2M	110.7M	74.2M	310.3M	213.4M
Total liabilities	268.3M	273.3M	267.1M	300.9M	268.1M	303.1M	298.1M	231.1M	508.6M	416.5M
Shareholders' equity	158.4M	158M	176.5M	168.1M	185.8M	208.7M	262.3M	340.6M	441.2M	518.7M
Total debt	141.2M	122.7M	114.2M	162.8M	130.2M	134M	116.6M	80.6M	318.2M	221.4M
Net debt	67.8M	53.3M	60.3M	90.5M	45.3M	72.3M	46.3M	-8.8M	250M	163.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	57.7M	57.8M	59.4M	306.1M
Receivables	—	—	—	—	—	—	—	—	126M	121.5M	120M	155.9M
Inventory	—	—	—	—	—	—	—	—	166.1M	167.3M	181.2M	200.2M
Total current assets	—	—	—	—	—	—	—	—	387.7M	384.8M	397.2M	698.7M
Property, plant & equipment	—	—	—	—	—	—	—	—	53.1M	54.9M	52.9M	66.8M
Goodwill & intangibles	—	—	—	—	—	—	—	—	871.7M	865.6M	877.9M	871.6M
Total assets	—	—	—	—	—	—	—	—	952.8M	935.2M	951.9M	1.3B
Accounts payable	44M	40.4M	32.8M	36.4M	37.1M	49.2M	46.1M	53.7M	54.2M	53M	64M	87.6M
Short-term debt	—	—	—	—	—	—	—	—	8.2M	8M	7.2M	8.7M
Total current liabilities	—	—	—	—	—	—	—	—	126.8M	127.4M	124.7M	155.9M
Long-term debt	—	—	—	—	—	—	—	—	241.2M	213.4M	218.9M	25.5M
Total liabilities	—	—	208.7M	211.2M	217.1M	508.6M	482.5M	464.9M	443.8M	416.5M	416.2M	252.2M
Shareholders' equity	—	—	—	—	—	—	—	—	509M	518.7M	535.7M	1B
Total debt	—	—	—	—	—	—	—	—	249.5M	221.4M	226.1M	34.3M
Net debt	—	—	—	—	—	—	—	—	191.7M	163.6M	166.7M	-271.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-64.8M	-11.9M	20.7M	-8.7M	12.8M	24.8M	52.7M	73.8M	49.2M	74.1M
Depreciation & amortization	21.8M	20.7M	18.2M	16.5M	16.4M	16.9M	14.9M	13.3M	16.5M	26.6M
Stock-based compensation	2.8M	3M	2.8M	2.9M	2.3M	2.3M	2.4M	3.5M	3.7M	6.8M
Change in working capital	-9.2M	367K	-42.9M	23.9M	11.1M	-40.2M	-37.1M	25.2M	14.9M	-18.2M
Operating cash flow	-53.2M	16.1M	2.7M	34.3M	42.8M	6.8M	29.5M	110.9M	80.5M	80.6M
Capital expenditure	-2.4M	-6.3M	-11.5M	-4.1M	-1.5M	-2.1M	-7M	-6.1M	-13.2M	—
Investing cash flow	-2.4M	-6.3M	-13.7M	-33.1M	-1.5M	-18.9M	-7M	-53.5M	-297.9M	950K
Dividends paid	-3.2M	-3.3M	-3.3M	-3.4M	-3.4M	-3.4M	-3.4M	-3.5M	-3.5M	-3.5M
Share repurchases	—	—	0	-448K	0	0	-349K	-105K	-16.1M	0
Financing cash flow	-47.5M	-24.3M	-12.3M	25.2M	-32.1M	-8.4M	-38.8M	-78.6M	206.3M	-94.1M
Net change in cash	-103.1M	-14.6M	-23.3M	26.4M	9.1M	-20.5M	-16.3M	-21.2M	-11.2M	-12.6M
Free cash flow	30.4M	17.7M	-1.5M	14.6M	40.6M	-4.8M	31.4M	96.2M	60M	68.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.4M	12M	15.9M	18.8M	8.1M	6.4M	18.3M	26.8M	22.6M	6.4M	15M	34M
Depreciation & amortization	3.4M	3.4M	3.7M	3.4M	3.6M	5.7M	6.7M	6.6M	6.7M	6.7M	6.6M	6.9M
Stock-based compensation	861K	774K	804K	971K	1M	958K	1.2M	1.7M	1.8M	2.2M	2.1M	3M
Change in working capital	20.8M	14.7M	879K	7.7M	11.9M	-8.6M	-1.3M	-8M	-10.2M	1.5M	-4.5M	-30M
Operating cash flow	43.4M	31.3M	19.5M	30.4M	22.2M	5.5M	23.3M	30.2M	22.2M	29.6M	13.8M	17.9M
Capital expenditure	-2.4M	-1.8M	-2.7M	-1.3M	-3.6M	-5.6M	-2.7M	881K	—	—	—	—
Investing cash flow	-2.5M	-2.4M	-15.6M	-10.4M	25.4M	-297.3M	-3.1M	1.4M	-207K	0	-15.2M	0
Dividends paid	-832K	-1M	-837K	-837K	-813K	-966K	-829K	-831K	-834K	-971K	-840K	-844K
Share repurchases	0	-105K	-6.3M	-7.9M	-1.9M	0	0	0	0	0	—	—
Financing cash flow	-832K	-1.1M	-7.1M	-8.7M	-2.7M	225.1M	-8.3M	-30.8M	-25.8M	-28.5M	6.2M	-205.3M
Net change in cash	40M	27.8M	-3.2M	11.3M	44.9M	-66.7M	11.9M	733K	-3.9M	1.1M	4.8M	-187.4M
Free cash flow	38.2M	24.5M	3.2M	30.8M	23.7M	2.1M	5.4M	16.8M	20.3M	26.1M	11.2M	15.7M

Date	Ratio
Dec 2, 1999	2:1
Jul 11, 1984	2:1

Bel Fuse Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history