Bel Fuse Inc (BELFA) Financial Statements
Industry: Electronic Coils, Transformers & Other Inductors
In fiscal 2025, Bel Fuse reported revenue of $675.5M, up 26.3% from $534.8M the year before. Net income was $61.5M (a 9.1% net margin), or $4.90 per diluted share. Gross margin was 39.1% and operating margin was 16.4%. Operating activities generated $80.6M of cash, leaving $68.6M of free cash flow. At fiscal year end, Bel Fuse held $935.2M in total assets against $416.5M in total liabilities, including $57.8M of cash and equivalents.
Open the full interactive Bel Fuse financials → Quarterly statements, key ratios, valuation history and price charts.
Bel Fuse Key Stats
| Share Price | $187.97 |
|---|---|
| Market Cap | $2.16B |
| P/E Ratio | 38.4 |
| Dividend Yield | 0.16% |
| Revenue YoY Growth | +26.3% |
| 52-Week Range | $113.92 – $291.16 |
| Shares Outstanding | 11.5 million (basic, 2026 Q2) |
Bel Fuse Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $465.8M | $543.5M | $654.2M | $639.8M | $534.8M | $675.5M |
| Cost of Goods Sold | $346.0M | $409.1M | $470.8M | $424.0M | $332.4M | $411.0M |
| Gross Profit | $119.7M | $134.4M | $183.5M | $215.8M | $202.4M | $264.4M |
| Operating Income | $18.7M | $31.3M | $65.1M | $88.0M | $64.3M | $111.0M |
| Pre-Tax Income | $12.1M | $27.3M | $59.1M | $83.3M | $61.8M | $95.0M |
| Income Tax | -$659,000 | $2.5M | $6.4M | $9.5M | $12.6M | $20.9M |
| Net Income | $12.8M | $24.8M | $52.7M | $73.8M | $41.0M | $61.5M |
| Diluted EPS | $1.26 | $2.42 | — | — | — | $4.90 |
Bel Fuse Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $179.0M | $175.9M | $178.5M | $210.7M |
| Net Income | $22.6M | -$5.7M | $11.4M | $25.5M |
| Diluted EPS | — | -$0.54 | $0.91 | $1.89 |
Bel Fuse Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $84.9M | $61.8M | $70.3M | $89.4M | $68.3M | $57.8M |
| Current Assets | $280.2M | $329.0M | $381.4M | $381.5M | $373.5M | $384.8M |
| Total Assets | $453.9M | $511.8M | $560.5M | $571.6M | $949.8M | $935.2M |
| Current Liabilities | $87.5M | $112.0M | $136.3M | $110.6M | $128.1M | $127.4M |
| Total Long-Term Debt | $115.6M | $112.5M | $95.0M | $60.0M | $287.5M | $197.5M |
| Total Liabilities | $268.1M | $303.1M | $298.1M | $231.1M | $508.6M | $416.5M |
| Shareholders' Equity | $185.8M | $208.7M | $262.3M | $340.6M | $360.6M | $425.5M |
Bel Fuse Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $46.1M | $4.6M | $40.3M | $108.3M | $74.1M | $80.6M |
| Cash From Investing | -$1.5M | -$18.9M | -$7.0M | -$53.5M | -$297.9M | -$3.2M |
| Cash From Financing | -$32.1M | -$8.4M | -$21.3M | -$38.6M | $206.3M | -$94.1M |
| Free Cash Flow | $40.6M | -$4.8M | $31.4M | $96.2M | $60.0M | $68.6M |
| Dividends Paid | $3.4M | $3.4M | $3.4M | $3.5M | $3.5M | $3.5M |
Figures from Bel Fuse's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Bel Fuse financials page for every line item.
Bel Fuse Company Profile
| Ticker | BELFA |
|---|---|
| Exchange | Nasdaq |
| Industry | Electronic Coils, Transformers & Other Inductors |
| Headquarters | West Orange, New Jersey |
| Incorporated in | New Jersey |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000729580 |
Frequently Asked Questions
What was Bel Fuse's revenue in fiscal 2025?
Bel Fuse (BELFA) reported revenue of $675.5M for fiscal 2025.
What is Bel Fuse's annual revenue history?
Bel Fuse's annual revenue by fiscal year: 2020: $465.8M; 2021: $543.5M; 2022: $654.2M; 2023: $639.8M; 2024: $534.8M; 2025: $675.5M.
What was Bel Fuse's net income in fiscal 2025?
Bel Fuse reported net income of $61.5M for fiscal 2025.
What was Bel Fuse's earnings per share (EPS) in fiscal 2025?
Bel Fuse's diluted EPS was $4.90 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Bel Fuse generate in fiscal 2025?
Bel Fuse generated $68.6M of free cash flow in fiscal 2025.
What was Bel Fuse's revenue last quarter?
In its most recent reported quarter (2026 Q2), Bel Fuse reported revenue of $210.7M.
How much debt does Bel Fuse have?
Bel Fuse reported $197.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Bel Fuse are outstanding?
Bel Fuse reported a weighted average of 11.5 million basic shares outstanding in 2026 Q2.
What is Bel Fuse's market cap?
Based on its latest closing price, Bel Fuse (BELFA) has a market capitalization of about $2.16B.
When does Bel Fuse's fiscal year end?
Bel Fuse's fiscal year end, as registered with the SEC, is December 31.
Where is Bel Fuse headquartered?
Bel Fuse lists its business address in West Orange, New Jersey in its SEC filings.