BEL FUSE INC /NJ BELFB

Technology SIC 3677 - Electronic Coils, Transformers & Other Inductors NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing derived Nasdaq

Bel Fuse Inc. designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation and eMobility industries. Bel's portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel's product groups include Power Solutions and Protection (front-end, board-mount, industrial and transportation power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components).

Last close 199.51 2026-10-23
Market cap —
52-week range 129.94 - 335.29

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Israel
  • China
  • United Kingdom
  • Slovakia
  • Switzerland
  • Germany
  • India
  • Other
Revenue by geography, 9 categories over 1 years. The same figures are in the table below. FY2025 United States, FY2025: 447.4M (66.2%) 66% United States Israel, FY2025: 62.3M (9.2%) 9% Israel China, FY2025: 52.3M (7.7%) 8% China United Kingdom, FY2025: 37.1M (5.5%) 5% Slovakia, FY2025: 32.2M (4.8%) 5% Switzerland, FY2025: 15.7M (2.3%) Germany, FY2025: 14.7M (2.2%) India, FY2025: 8.8M (1.3%) Other, FY2025: 4.9M (0.7%)
Region FY2025
United States $447.4M
Israel $62.3M
China $52.3M
United Kingdom $37.1M
Slovakia $32.2M
Switzerland $15.7M
Germany $14.7M
India $8.8M
Other $4.9M

As the company reported it, from the “Note 14 - Segments - Net Sales to External Customers by Geographic Area and by Major Product Line (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Power Solutions and Protection Segment
  • Connectivity Solutions
  • Magnetic Solutions Segment
  • Other
Revenue by segment, 4 categories over 2 years. The same figures are in the table below. FY2025 Power Solutions and Protection Segment, FY2025: 356.8M (52.8%) 53% Power Solutions and Protection Segment Connectivity Solutions, FY2025: 232.3M (34.4%) 34% Connectivity Solutions Magnetic Solutions Segment, FY2025: 86.4M (12.8%) 13% Other, FY2025: 0 (0.0%) FY2024 Power Solutions and Protection Segment, FY2024: 245.6M (45.9%) 46% Connectivity Solutions, FY2024: 220.4M (41.2%) 41% Magnetic Solutions Segment, FY2024: 68.9M (12.9%) 13% Other, FY2024: 0 (0.0%)
Segment FY2025FY2024
Power Solutions and Protection Segment $356.8M $245.6M
Connectivity Solutions $232.3M $220.4M
Magnetic Solutions Segment $86.4M $68.9M
Other $0 $0

As the company reported it, from the “Note 14 - Segments - Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $675.5M$534.8M$639.8M$654.2M$543.5M$465.8M$492.4M$548.2M$491.6M$500.2M
Cost of revenue $411.0M$332.4M$424.0M$470.8M$409.1M$346.0M$382.4M$408.9M$389.3M$400.2M
Gross profit $264.4M$202.4M$215.8M$183.5M$134.4M$119.7M$110.0M$139.3M$102.3M$99.9M
R&D $30.9M$23.6M$22.5M$20.2M$21.9M$23.6M$26.9M$29.5M$28.8M$26.7M
SG&A $125.8M$110.6M$99.1M$92.3M$86.6M$78.7M$77.4M$82.6M$84.7M$71.0M
Operating income $111.0M$64.3M$88.0M$65.1M$31.3M$18.7M-$1.6M$26.9M$17.4M-$76.5M
Interest expense $14.8M$4.1M$2.9M$3.4M$3.5M$4.7M$5.4M$5.3M$6.8M$6.7M
Pre-tax income $95.0M$61.8M$83.3M$59.1M$27.3M$12.1M-$7.3M$23.6M$9.6M-$82.6M
Income tax $20.9M$12.6M$9.5M$6.4M$2.5M$659.0K$1.4M$2.9M$21.5M$17.7M
Net income $74.1M$49.2M$73.8M$52.7M$24.8M$12.8M-$8.7M$20.7M-$11.9M-$64.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $57.8M$68.3M$89.4M$70.3M$61.8M$84.9M$72.3M$53.9M$69.4M$73.4M
Receivables $121.5M$111.4M$84.1M$107.3M$87.1M$71.4M$76.1M$91.9M$78.8M$74.4M
Inventory $167.3M$161.4M$136.5M$172.5M$139.4M$100.1M$107.3M$120.1M$107.7M$98.9M
Total current assets $384.8M$373.5M$381.5M$381.4M$329.0M$280.2M$283.2M$290.5M$266.1M$255.4M
Property, plant and equipment $48.4M$47.9M$36.5M$36.8M$38.2M$34.5M$41.9M$43.9M$43.5M$48.8M
Goodwill $214.8M$208.0M$26.6M$25.1M$26.7M$24.0M$10.8M$19.8M$20.2M$18.0M
Other intangibles $218.0M$231.9M$49.4M$54.1M$61.0M$65.8M$72.4M$62.7M$69.4M$74.8M
Total assets $935.2M$949.8M$571.6M$560.5M$511.8M$453.9M$468.9M$443.5M$431.3M$426.7M
Accounts payable $53.0M$49.2M$40.4M$64.6M$66.0M$39.8M$44.2M$56.2M$47.9M$47.2M
Short-term debt ————$0$5.3M$5.5M$2.5M$2.6M$11.4M
Total current liabilities $127.4M$128.1M$110.6M$136.3M$112.0M$87.5M$90.2M$106.0M$87.3M$92.3M
Long-term debt $197.5M$287.5M$60.0M$95.0M$112.5M$110.3M$138.2M$111.7M$120.1M$129.8M
Total liabilities $416.5M$508.6M$231.1M$298.1M$303.1M$268.1M$300.9M$267.1M$273.3M$268.3M
Retained earnings $403.1M$345.0M$307.5M$237.2M$187.9M$166.5M$157.1M$168.7M$147.8M$161.3M
Total equity $425.5M$360.6M$340.6M$262.3M$208.7M$185.8M$168.1M$176.5M$158.0M$158.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $80.6M$74.1M$108.3M$40.3M$4.6M$46.1M$24.4M$10.1M$24.1M$38.6M
Depreciation and amortisation $26.6M$16.5M$13.3M$14.9M$16.9M$16.4M$16.5M$18.2M$20.7M$21.8M
Stock-based compensation $6.8M$3.7M$3.5M$2.4M$2.3M$2.3M$2.9M$2.8M$3.0M$2.8M
Capital expenditure $12.0M$14.1M$12.1M$8.8M$9.4M$5.5M$9.9M$11.6M$6.4M$8.2M
Investing cash flow -$3.2M-$297.9M-$53.5M-$7.0M-$18.9M-$1.5M-$33.1M-$13.7M-$6.3M-$2.4M
Financing cash flow -$94.1M$206.3M-$38.6M-$21.3M-$8.4M-$32.1M$25.2M-$12.3M-$24.3M-$47.5M
Dividends paid $3.5M$3.5M$3.5M$3.4M$3.4M$3.4M$3.4M$3.3M$3.3M$3.2M
Buybacks $0$16.1M$105.0K$349.0K$0$0$448.0K———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011998.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 500.2M Gross profit, FY2016: 99.9M Net income, FY2016: -64.8M Revenue, FY2017: 491.6M Gross profit, FY2017: 102.3M Net income, FY2017: -11.9M Revenue, FY2018: 548.2M Gross profit, FY2018: 139.3M Net income, FY2018: 20.7M Revenue, FY2019: 492.4M Gross profit, FY2019: 110M Net income, FY2019: -8.7M Revenue, FY2020: 465.8M Gross profit, FY2020: 119.7M Net income, FY2020: 12.8M Revenue, FY2021: 543.5M Gross profit, FY2021: 134.4M Net income, FY2021: 24.8M Revenue, FY2022: 654.2M Gross profit, FY2022: 183.5M Net income, FY2022: 52.7M Revenue, FY2023: 639.8M Gross profit, FY2023: 215.8M Net income, FY2023: 73.8M Revenue, FY2024: 534.8M Gross profit, FY2024: 202.4M Net income, FY2024: 49.2M Revenue, FY2025: 675.5M Gross profit, FY2025: 264.4M Net income, FY2025: 74.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $500.2M $491.6M $548.2M $492.4M $465.8M $543.5M $654.2M $639.8M $534.8M $675.5M
Gross profit $99.9M $102.3M $139.3M $110.0M $119.7M $134.4M $183.5M $215.8M $202.4M $264.4M
Net income -$64.8M -$11.9M $20.7M -$8.7M $12.8M $24.8M $52.7M $73.8M $49.2M $74.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.