logo
Twitter
Discord
Email
logo
Bel Fuse Inc.

Bel Fuse Inc.

NASDAQ•BELFA
CEO: Mr. Daniel Bernstein
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1983-12-06
Bel Fuse Inc. designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries. It provides power solutions and protection products, including front-end power supplies, board-mount power products, industrial and transportation power products, external power products, and circuit protection products. The company also offers connectivity solutions, such as expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and ethernet, I/O, and industrial and power connectivity products. In addition, it provides magnetic solutions comprising integrated connector modules, power transformers, SMD power inductors and SMPS transformers, and ethernet discrete components. The company sells its products through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally. Bel Fuse Inc. was incorporated in 1949 and is headquartered in West Orange, New Jersey.
Contact Information
300 Executive Drive, Suite 300, West Orange, NJ, 07052, United States
201-432-0463
www.belfuse.com
Market Cap
$2.56B
P/E (TTM)
38.0
33.4
Dividend Yield
0.1%
52W High
$187.73
52W Low
$53.95
52W Range
96%
Rank47Top 61.9%
3.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$178.98M+44.76%
4-Quarter Trend

EPS

$1.80+181.25%
4-Quarter Trend

FCF

$20.32M-14.44%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Months Net Sales Surge Net sales reached $499.52M for nine months ended September 30, 2025, marking a strong 29.76% increase over prior year results.
Shareholder Earnings Jump Net earnings attributable to shareholders grew to $66.99M for nine months, reflecting a substantial 56.65% increase year-to-date.
Backlog Shows Strength Total backlog reached $415M as of September 30, 2025, representing a 9% increase from year-end 2024, signaling future demand.
Debt Reduced Significantly Nine months cash flow used $65.68M in financing activities, primarily due to $70.5M repayment of long-term debt obligations.

Risk Factors

Enercon Integration Challenges Difficulties integrating Enercon or failure to realize expected synergies within the anticipated timeframe pose material risks to operations.
Input Costs and Inflation Rising input costs, including labor and materials, coupled with inflationary pressures, could materially and adversely affect future profitability.
Global Tariffs Uncertainty Evolving trade policies and tariffs, especially concerning PRC imports, may disrupt supply chains and negatively impact customer demand.
Customer Loss Exposure Business faces risks from market concerns and potential loss of certain substantial customers, impacting future revenue stability.

Outlook

Enercon Sales Integration Expect full year of Enercon sales in 2025 within Power Solutions segment, driven by aerospace and defense market growth.
Liquidity Position Strong Current liquidity, including $57.7M cash and credit availability, supports operations, capital needs, and potential future Enercon earnouts.
R&E Expense Election Elected to expense domestic R&E over two years, resulting in an approximate $8.5M reduction in current period taxable income.
Credit Facility Extension Revolving Credit Agreement commitment period extended to September 1, 2028, providing long-term borrowing capacity for operations.

Peer Comparison

Revenue (TTM)

Benchmark Electronics, Inc.BHE
$2.61B
-2.9%
CSG Systems International, Inc.CSGS
$1.22B
+3.3%
NetScout Systems, Inc.NTCT
$862.77M
+9.6%

Gross Margin (Latest Quarter)

Adeia Inc.ADEA
83.2%
-16.8pp
DoubleVerify Holdings, Inc.DV
82.3%
-0.4pp
NetScout Systems, Inc.NTCT
80.1%
+2.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VICR$6.75B81.513.8%1.0%
BELFA$2.56B38.016.6%26.2%
CSGS$2.27B26.429.1%38.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
6.1%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 16, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 4, 2025|
    Revenue: $178.98M+44.8%
    |
    EPS: $1.80+181.3%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $168.30M+26.3%
    |
    EPS: $2.17+41.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $152.24M+18.9%
    |
    EPS: $1.43+11.7%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $534.79M-16.4%
    |
    EPS: $3.26-43.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 29, 2024|
    Revenue: $123.64M-22.1%
    |
    EPS: $0.64-56.2%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $133.21M-21.1%
    |
    EPS: $1.53-30.1%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 30, 2024|
    Revenue: $128.09M-25.7%
    |
    EPS: $1.28+12.3%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 11, 2024|
    Revenue: $639.81M-2.2%
    |
    EPS: $5.78+56.6%
    Beat