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BEL FUSE INC /NJ

BELFA Clue Score56
United States Fiscal year ends December CIK 0000729580
$195.38 +0.13% Close, 9 Oct 2026
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Price $195.38 +1,305.61% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue500.2Operating income−76.5Net income−64.8Fiscal year 2017Revenue491.6 −1.7%Operating income17.4Net income−11.9Fiscal year 2018Revenue548.2 +11.5%Operating income26.9Net income20.7Fiscal year 2019Revenue492.4 −10.2%Operating income−1.6Net income−8.7 −142.2%Fiscal year 2020Revenue465.8 −5.4%Operating income18.7Net income12.8Fiscal year 2021Revenue543.5 +16.7%Operating income31.3Net income24.8 +94.0%Fiscal year 2022Revenue654.2 +20.4%Operating income65.1Net income52.7 +112.3%Fiscal year 2023Revenue639.8 −2.2%Operating income88.0Net income73.8 +40.1%Fiscal year 2024Revenue534.8 −16.4%Operating income64.3Net income41.0 −44.5%Fiscal year 2025Revenue675.5 +26.3%Operating income111.0Net income61.5 +50.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 500.2 491.6 548.2 492.4 465.8 543.5 654.2 639.8 534.8 675.5
Growth −1.7% +11.5% −10.2% −5.4% +16.7% +20.4% −2.2% −16.4% +26.3%
Operating income −76.5 17.4 26.9 −1.6 18.7 31.3 65.1 88.0 64.3 111.0
Net income −64.8 −11.9 20.7 −8.7 12.8 24.8 52.7 73.8 41.0 61.5
Growth −142.2% +94.0% +112.3% +40.1% −44.5% +50.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin20.0%Operating margin−15.3%Net margin−13.0%Free cash flow margin6.1%Fiscal year 2017Gross margin20.8%Operating margin3.5%Net margin−2.4%Free cash flow margin3.6%Fiscal year 2018Gross margin25.4%Operating margin4.9%Net margin3.8%Free cash flow margin−0.3%Fiscal year 2019Gross margin22.3%Operating margin−0.3%Net margin−1.8%Free cash flow margin3.0%Fiscal year 2020Gross margin25.7%Operating margin4.0%Net margin2.7%Free cash flow margin8.7%Fiscal year 2021Gross margin24.7%Operating margin5.8%Net margin4.6%Free cash flow margin−0.9%Fiscal year 2022Gross margin28.0%Operating margin10.0%Net margin8.1%Free cash flow margin4.8%Fiscal year 2023Gross margin33.7%Operating margin13.8%Net margin11.5%Free cash flow margin15.0%Fiscal year 2024Gross margin37.8%Operating margin12.0%Net margin7.7%Free cash flow margin11.2%Fiscal year 2025Gross margin39.1%Operating margin16.4%Net margin9.1%Free cash flow margin10.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 20.0% 20.8% 25.4% 22.3% 25.7% 24.7% 28.0% 33.7% 37.8% 39.1%
Operating margin −15.3% 3.5% 4.9% −0.3% 4.0% 5.8% 10.0% 13.8% 12.0% 16.4%
Net margin −13.0% −2.4% 3.8% −1.8% 2.7% 4.6% 8.1% 11.5% 7.7% 9.1%
Free cash flow margin 6.1% 3.6% −0.3% 3.0% 8.7% −0.9% 4.8% 15.0% 11.2% 10.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow38.6Capital expenditure−8.2Free cash flow30.4Dividends paid−3.2Fiscal year 2017Operating cash flow24.1Capital expenditure−6.4Free cash flow17.7 −41.8%Dividends paid−3.3Fiscal year 2018Operating cash flow10.1Capital expenditure−11.6Free cash flow−1.5 −108.5%Dividends paid−3.3Fiscal year 2019Operating cash flow24.5Capital expenditure−9.9Free cash flow14.6Buybacks−0.4Dividends paid−3.4Fiscal year 2020Operating cash flow46.1Capital expenditure−5.5Free cash flow40.6 +179.1%Buybacks0.0Dividends paid−3.4Fiscal year 2021Operating cash flow4.6Capital expenditure−9.4Free cash flow−4.8 −111.7%Buybacks0.0Dividends paid−3.4Fiscal year 2022Operating cash flow40.3Capital expenditure−8.8Free cash flow31.4Buybacks−0.3Dividends paid−3.4Fiscal year 2023Operating cash flow108.3Capital expenditure−12.1Free cash flow96.2 +206.2%Buybacks−0.1Dividends paid−3.5Fiscal year 2024Operating cash flow74.1Capital expenditure−14.1Free cash flow60.0 −37.7%Buybacks−16.1Dividends paid−3.5Fiscal year 2025Operating cash flow80.6Capital expenditure−12.0Free cash flow68.6 +14.4%Buybacks0.0Dividends paid−3.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 38.6 24.1 10.1 24.5 46.1 4.6 40.3 108.3 74.1 80.6
Capital expenditure −8.2 −6.4 −11.6 −9.9 −5.5 −9.4 −8.8 −12.1 −14.1 −12.0
Free cash flow 30.4 17.7 −1.5 14.6 40.6 −4.8 31.4 96.2 60.0 68.6
Growth −41.8% −108.5% +179.1% −111.7% +206.2% −37.7% +14.4%
Buybacks n/a n/a n/a −0.4 0.0 0.0 −0.3 −0.1 −16.1 0.0
Dividends paid −3.2 −3.3 −3.3 −3.4 −3.4 −3.4 −3.4 −3.5 −3.5 −3.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash73.4Total debt141.2Net cash (debt)−67.8Shareholders’ equity158.4Debt to equity0.89Fiscal year 2017Cash69.4Total debt122.7Net cash (debt)−53.3Shareholders’ equity158.0Debt to equity0.78Fiscal year 2018Cash53.9Total debt114.2Net cash (debt)−60.3Shareholders’ equity176.5Debt to equity0.65Fiscal year 2019Cash72.3Total debt143.7Net cash (debt)−71.4Shareholders’ equity168.1Debt to equity0.86Fiscal year 2020Cash84.9Total debt115.6Net cash (debt)−30.6Shareholders’ equity185.8Debt to equity0.62Fiscal year 2021Cash61.8Total debt112.5Net cash (debt)−50.7Shareholders’ equity208.7Debt to equity0.54Fiscal year 2022Cash70.3Total debt95.0Net cash (debt)−24.7Shareholders’ equity262.3Debt to equity0.36Fiscal year 2023Cash89.4Total debt60.0Net cash (debt)29.4Shareholders’ equity340.6Debt to equity0.18Fiscal year 2024Cash68.3Total debt287.5Net cash (debt)−219.2Shareholders’ equity360.6Debt to equity0.80Fiscal year 2025Cash57.8Total debt197.5Net cash (debt)−139.7Shareholders’ equity425.5Debt to equity0.46
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 73.4 69.4 53.9 72.3 84.9 61.8 70.3 89.4 68.3 57.8
Total debt 141.2 122.7 114.2 143.7 115.6 112.5 95.0 60.0 287.5 197.5
Net cash (debt) −67.8 −53.3 −60.3 −71.4 −30.6 −50.7 −24.7 29.4 −219.2 −139.7
Shareholders’ equity 158.4 158.0 176.5 168.1 185.8 208.7 262.3 340.6 360.6 425.5
Debt to equity 0.89 0.78 0.65 0.86 0.62 0.54 0.36 0.18 0.80 0.46

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
20.0% 20.8% 25.4% 22.3% 25.7% 24.7% 28.0% 33.7% 37.8% 39.1%
−15.3% 3.5% 4.9% −0.3% 4.0% 5.8% 10.0% 13.8% 12.0% 16.4%
−16.5% 2.0% 4.3% −1.5% 2.6% 5.0% 9.0% 13.0% 11.6% 14.1%
−13.0% −2.4% 3.8% −1.8% 2.7% 4.6% 8.1% 11.5% 7.7% 9.1%
6.1% 3.6% −0.3% 3.0% 8.7% −0.9% 4.8% 15.0% 11.2% 10.2%
Spending
5.3% 5.9% 5.4% 5.5% 5.1% 4.0% 3.1% 3.5% 4.4% 4.6%
14.2% 17.2% 15.1% 15.7% 16.9% 15.9% 14.1% 15.5% 20.7% 18.6%
1.6% 1.3% 2.1% 2.0% 1.2% 1.7% 1.3% 1.9% 2.6% 1.8%
n/a 223.4% 12.3% n/a −5.4% 9.2% 10.8% 11.4% 20.4% 22.0%
Returns
−40.9% −7.5% 11.7% −5.2% 6.9% 11.9% 20.1% 21.7% 11.4% 14.5%
−15.2% −2.8% 4.7% −1.9% 2.8% 4.8% 9.4% 12.9% 4.3% 6.6%
Balance and payout
0.89 0.78 0.65 0.86 0.62 0.54 0.36 0.18 0.80 0.46
62.9% 63.4% 60.2% 64.2% 59.1% 59.2% 53.2% 40.4% 53.6% 44.5%
n/a n/a 15.9% n/a 26.3% 13.6% 6.5% 4.7% 8.4% 5.6%
10.7% 18.5% n/a 26.1% 8.3% n/a 12.0% 3.7% 32.5% 5.1%