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Bel Fuse Inc.

BELFB Technology Electronic Components

Bel Fuse Inc.’s revenue for fiscal 2025 (year ended December 2025) was $675.5 million, up 26.3% from fiscal 2024.

Revenue
+23.2%
EPS
+50.3%
Free cash flow
−27.4%
Total debt
−28.2%

Quarter to September 2026, against a year earlier

237.29 1.14 +0.48%
Market cap
$3.3B
P/E
47.2×
Fwd P/E
30.7×
Dividend yield
0.12%
F-score
8/9
Altman Z
4.57
Beneish M
−2.36
Dividend safety
86/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 17.25
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 2 5 — — 1 — 1 2 — —
Insider Ownership 16.06%

Capital & Financial Ratios $m

Size
Market Cap 3,310.00
Revenue ttm 785.62
Net income ttm 93.79
Free cash flow ttm 82.30
Net debt Q (333.12)
Valuation
P/E 47.17 (above 35: high)
Forward P/E 30.70
Price / sales 4.36
Forward P/S Powerpack
Price / FCF 41.60
Price / book 3.76
Financial health
Current ratio Q 4.43 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 557.08
Growth
Revenue growth Q +23.20% (above 0%: growing)
Operating income growth Q +30.38% (above 0%: growing)
EPS, this year +54.24% (at or above 15%: strong)
EPS, next year A +14.75%
Revenue, next year A +24.51% (at or above 10%: strong)
EPS, past 5 yrs +36.14% (at or above 15%: strong)
EPS, next 5 yrs A +26.73% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.2×, against a ten-year median of 0.7×; over the ten years it ranged from 0.3× in 2020 to 6.0× in 2026.
P/E against its own 10 years 87.89%
10-year low 10-year high
P/S against its own 10 years 95.37%
10-year low 10-year high
P/B against its own 10 years 89.72%
10-year low 10-year high
EV/Sales against its own 10 years 94.46%
10-year low 10-year high
EV/FCF against its own 10 years 86.95%
10-year low 10-year high

Dividends

Yield
0.12%
Annual rate
0.28
Payout ratio
5.57%
Growth, 2017–26
0.00%/yr
  1. 0.28 ’17
  2. 0.35 ’18 +25%
  3. 0.28 ’19 −20%
  4. 0.28 ’20 +0%
  5. 0.28 ’21 +0%
  6. 0.28 ’22 +0%
  7. 0.28 ’23 +0%
  8. 0.28 ’24 +0%
  9. 0.28 ’25 +0%
  10. 0.28 ’26 +0%
paid

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 127 69 58 333
Receivables 97 116 131 156
Inventory 137 161 167 225
Other 21 27 28 33
381 374 385 747
2023 2024 2025 Q'26
Payables 40 49 53 92
ST’ Debt — — — —
Other 9 18 17 67
111 128 127 169

Compound Annual Growth %

10y 5y 3y
Sales 1.76% 7.72% 1.07%
Cash Flow 2.05% 11.82% 26.04%
Earnings 12.35% 36.90% 5.31%
Book Value 6.20% 18.02% 17.49%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.72 Actual 3.07

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.68 1.98 Beat by 0.30
Q1 FY26 1.68 1.81 Beat by 0.13
Q2 FY26 2.34 2.90 Beat by 0.56
Q3 FY26 2.72 3.07 Beat by 0.35
Q4 FY26 2.68 — Reports 16 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.91 1.89 2.66 — —
’25 1.43 2.14 1.77 (0.43) 4.91
’24 1.26 1.50 0.65 (0.14) 3.28
’23 1.15 2.19 1.54 0.95 5.83
’22 0.41 1.37 1.34 1.12 4.24
’21 0.26 0.61 0.47 0.65 2.02
’20 (0.31) 0.46 0.61 0.29 1.05
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 178 211 221 — —
’25 152 168 179 176 675
’24 128 133 124 150 535
’23 172 169 159 140 640
’22 137 171 178 169 654
’21 111 139 147 147 543
’20 104 121 124 116 466
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 14 18 34 — —
’25 8 21 22 30 81
’24 6 32 27 8 74
’23 17 24 41 27 108
’22 (8) 19 13 16 40
’21 2 (4) 0 6 5
’20 8 9 18 11 46
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 11 16 29 — —
’25 5 22 23 26 76
’24 3 31 24 3 61
’23 13 26 38 25 102
’22 (10) 17 13 13 33
’21 7 (5) (1) 1 3
’20 6 8 16 14 45
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 500 492 548 492 466 543 654 640 535 675 786 +3.4% 841 942 1,046 +15.7%
Gross margin, % 19.98 20.82 25.40 22.33 25.71 24.73 28.04 33.74 37.84 39.15 39.87 +19.2 pt
EBT (83) 10 24 (7) 12 27 59 83 62 95 112 n/m
EBT margin, % (16.51) 1.96 4.31 (1.48) 2.61 5.03 9.03 13.02 11.56 14.07 14.23 +30.6 pt
Net income (65) (12) 21 (9) 13 25 53 74 49 74 94 n/m
Per share, $
Per share, $ Revenue 41.95 40.86 45.25 40.09 37.78 43.82 52.18 50.08 42.39 53.44 54.46 +2.7%
Earnings (5.25) (0.97) 1.73 (0.71) 1.05 2.02 4.24 5.83 3.28 4.91 5.03 n/m
Cash flow 3.24 2.00 0.83 1.99 3.74 0.37 3.21 8.48 5.87 6.38 6.62 +7.8%
Capex (0.20) (0.53) (0.95) (0.33) (0.12) (0.17) (0.56) (0.48) (1.05) (0.33) (0.92) +5.8%
Free cash flow 3.04 1.48 (0.12) 1.66 3.62 0.21 2.65 8.00 4.82 6.05 5.70 +7.9%
Book value 13.29 13.13 14.57 13.68 15.07 16.83 20.93 26.66 28.58 33.66 64.70 +10.9%
Shares, m 12 12 12 12 12 12 13 13 13 13 13 +0.7%
Valuation, ×
Valuation, × P/E 0.00 0.00 10.71 0.00 14.31 6.50 7.72 11.19 25.22 34.55 47.17 11.0
P/S 0.77 0.61 0.41 0.51 0.40 0.30 0.63 1.30 1.95 3.17 4.36 1.0
P/B 2.42 1.90 1.26 1.50 1.00 0.77 1.57 2.45 2.89 5.04 3.76 2.1
EV/Sales 0.90 0.72 0.52 0.66 0.46 0.40 0.68 1.21 2.38 3.39 4.20 1.1
EV/FCF 12.47 19.89 (199.61) 15.87 4.84 85.53 13.34 7.58 20.91 30.00 40.14 1.1
Cash, $m
Cash, $m Operating cash flow 39 24 10 24 46 5 40 108 74 81 96 +8.5%
Capex (2) (6) (12) (4) (2) (2) (7) (6) (13) (4) (13) +6.5%
Free cash flow 36 18 (1) 20 45 3 33 102 61 76 82 +8.6%
Balance, $m
Balance, $m Working capital 163 179 184 193 193 217 245 271 245 257 578 +5.2%
Net debt 68 53 60 71 31 51 25 (67) 223 140 (333) +8.4%
Shareholders’ equity 158 158 176 168 186 209 262 341 361 426 933 +11.6%
Returns, %
Returns, % ROA (12.90) (2.77) 4.73 (1.92) 2.77 5.14 9.83 13.04 5.38 6.53 5.10 +19.4 pt
ROIC (21.13) 5.14 7.11 (0.42) 5.39 7.53 14.18 20.09 6.88 12.27 13.27 +33.4 pt
ROE (33.12) (7.52) 12.38 (5.08) 7.23 12.58 22.37 24.49 11.68 15.66 0.00 +48.8 pt
People
People Employees 7,694 7,491 8,098 6,935 6,400 6,300 7,000 5,260 5,370 4,964 — (4.8%)
Revenue/emp, $m 0.07 0.07 0.07 0.07 0.07 0.09 0.09 0.12 0.10 0.14 — +8.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Bel Fuse Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLXS Plexus Corp. $5.5B 30.1× 29.9× +28.13% (above 0%: growing) −3.59% (below 0%: shrinking) −105.73% (below 0%: shrinking) 10.07% 4.70% Compare
OLED Universal Display Corporation $3.8B 20.2× 19.2× −11.43% (below 0%: shrinking) −24.82% (below 0%: shrinking) −45.68% (below 0%: shrinking) 75.82% 35.26% Compare
BELFB Bel Fuse Inc. $3.3B 57.0× 30.7× +25.18% (above 0%: growing) −11.68% (below 0%: shrinking) −27.35% (below 0%: shrinking) 39.85% 18.24%
BELFA Bel Fuse Inc. $3.3B 48.2× 30.7× +25.18% (above 0%: growing) −11.33% (below 0%: shrinking) −27.35% (below 0%: shrinking) 39.85% 18.24% Compare
OSIS OSI Systems, Inc. $3.1B 22.2× 18.7× −4.14% (below 0%: shrinking) +7.92% (above 0%: growing) +1,853.69% (above 0%: growing) 34.70% 15.26% Compare
KN Knowles Corporation $2.8B 41.6× 36.8× +14.32% (above 0%: growing) +155.56% (above 0%: growing) −30.67% (below 0%: shrinking) 44.72% 14.81% Compare
BHE Benchmark Electronics, Inc. $2.5B 46.2× 34.3× +17.69% (above 0%: growing) +1,733.33% (above 0%: growing) +244.06% (above 0%: growing) 10.37% 4.00% Compare
ROG Rogers Corporation $2.4B 76.0× 42.6× +6.90% (above 0%: growing) +119.00% (above 0%: growing) +226.79% (above 0%: growing) 32.47% 9.23% Compare
OUST Ouster, Inc. $2.1B — (loss-making) — (loss-making) +55.86% (above 0%: growing) n/m −600.91% (below 0%: shrinking) 48.85% (36.69%) Compare
Median of peers $3.0B 41.6× 30.7× +16.01% +7.92% −29.01% 37.28% 12.02%

All 44 Electronic Components stocks →

Pay and ownership Proxy statement filed 10 April 2026

Ownership

Directors and executive officers, together 2.00%
Daniel Bernstein less than 1%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Bel Fuse Inc. (BELFB) Latest News

31 Oct

Impact 3 · · StockStory

30 Oct

Impact 4 · · StockStory

29 Oct

Impact 3 · · Simply Wall St.

28 Oct

Impact 4 · · StockStory
Impact 4 · · GlobeNewswire
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Associated Press earnings

27 Oct

Impact 3 · · StockStory

21 Oct

Impact 4 · · Zacks

19 Oct

Impact 4 · · Zacks
Impact 3 · · GlobeNewswire

14 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · StockStory

1 Oct

Impact 3 · · StockStory

2 Sep

Impact 3 ·

3 Aug

Impact 3 ·

1 Aug

Impact 4 ·

30 Jul

Impact 4 · transcript

29 Jul

Impact 4 ·
Impact 4 ·

28 Jul

Impact 3 ·

21 Jul

Impact 3 · · beincrypto.com

16 Jul

Impact 3 ·

18 May

Impact 4 · · Simply Wall St.

13 May

Impact 4 · · GlobeNewswire

12 May

Impact 4 · · GlobeNewswire

7 May

Impact 4 · · Simply Wall St.

4 May

Impact 4 · · StockStory

29 Apr

Impact 3 · · Zacks
stockrow.com/BELFB · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com