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
Market Cap
$2.39B
P/E (TTM)
7.0
22.6
Dividend Yield
0.1%
52W High
$227.42
52W Low
$53.95
52W Range
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
Q4 2025 Data
Revenue
$175.94M+0.00%
4-Quarter Trend
EPS
-$0.75+0.00%
4-Quarter Trend
FCF
$26.14M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Net Sales Growth Total net sales reached $675.5M in 2025, marking a 26.3% increase driven by Enercon acquisition and aerospace demand.
Gross Margin Expansion Gross margin improved to 39.1% in 2025, up 130 basis points, supported by favorable product mix shift.
Backlog Increased 15.1% Order backlog totaled $439.1M as of December 31, 2025, reflecting a 15.1% increase driven by networking demand.
Operating Cash Flow Rises Net cash provided by operating activities was $80.6M in 2025, showing strong generation supported by efficient working capital management.
Risk Factors
Innolectric Investment Impaired Recorded $13.1M pre-tax impairment charge for innolectric investment due to insolvency proceedings; recovery is deemed remote.
Rising Labor and Material Costs Inflationary pressures and mandated wage increases in key manufacturing regions like PRC and Mexico pressure future profit margins.
PRC Operations Exposure Substantial manufacturing presence in PRC exposes operations to foreign currency risk, trade restrictions, and political instability risks.
Debt Leverage and Covenants High debt leverage ratio of 1.4x exposes company to liquidity risk if economic downturns impair ability to meet covenants.
Outlook
Complete Enercon Acquisition Intends to acquire the remaining 20% stake in Enercon by early 2027, subject to shareholder agreement terms and conditions.
Continued R&D Investment Management continues investing in R&D, focusing on leading-edge technology for evolving markets like eMobility and defense applications.
Manage Capital Allocation Liquidity expected to fund operations, potential acquisitions, and remaining $9.0M authorized share repurchase program capacity.
ESG Community Engagement Focus on ESG initiatives, including increasing associate volunteer hours to 7,900 in 2025 to support global communities.
Peer Comparison
Revenue (TTM)
$3.98B
$2.66B
$2.36B
Gross Margin (Latest Quarter)
92.2%
82.5%
81.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| VICR | $8.35B | 70.7 | 18.7% | 1.6% |
| ADEA | $2.51B | 22.6 | 26.3% | 41.9% |
| TDC | $2.49B | 19.1 | 66.4% | 31.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.9%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 22, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data