You have reached the limit of 3 free reports this month
Subscribe to access the complete report for Bel Fuse Inc.: quant scores, valuation history, consensus estimates, peers and six years of financial statements.
Income statement, Bel Fuse Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Total revenue
675
535
640
654
543
466
Cost of revenue
411
332
424
471
409
346
Gross profit
264
202
216
183
134
120
Selling, general & administrative expenses
105
99.7
99.1
92.3
86.1
78.5
Research & development
30.9
23.6
22.5
20.2
21.9
23.6
Interest expense (income), operating
–
–
–
–
–
–
Unusual expense (income)
14.4
14.8
6.3
5.7
−4.9
−1.1
Other operating expenses
3.1
0
0
0
0
0
Operating income
111
64.3
88.0
65.1
31.3
18.7
Net interest income (expense)
−16.0
2.6
−0.5
−3.1
−3.5
−4.7
Gain (loss) on sale of assets
–
–
–
–
–
–
Other non-operating income (expense)
0.1
−5.1
−4.2
−3.0
−0.4
−1.8
Net income before taxes
95.0
61.8
83.3
59.1
27.3
12.1
Provision for taxes
20.9
12.6
9.5
6.4
2.5
0.5
Minority interest
−12.6
−8.2
–
–
–
–
Equity in affiliates
–
–
–
–
–
–
U.S. GAAP adjustment
–
–
–
–
–
–
Net income before extraordinary items
61.5
41.0
73.8
52.7
24.8
11.7
Extraordinary items
–
–
–
–
–
1.1
Net income
61.5
41.0
73.8
52.7
24.8
12.8
EBIT, normalized
125
79.1
94.3
70.9
26.4
14.7
EBITDA, normalized
152
95.5
108
85.8
43.2
31.1
Basic EPS, normalized
7.10
5.77
6.53
4.61
1.65
–
Balance sheet in millions of USD, fiscal years
Balance sheet, Bel Fuse Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Assets
Cash & short-term investments
57.8
68.3
89.4
70.3
61.8
84.9
Receivables
131
116
96.9
126
115
85.5
Total inventory
167
161
137
172
139
100
Prepaid expenses
–
–
–
–
–
–
Other current assets
28.5
27.5
58.6
13.2
12.5
9.6
Total current assets
385
374
381
381
329
280
Property, plant & equipment
71.3
73.0
57.0
58.4
59.5
48.7
Goodwill
215
208
26.6
25.1
26.7
24.0
Intangibles
218
232
49.4
54.1
61.0
65.8
Long-term investments
0
9.3
10.3
–
–
–
Note receivable
0
2.9
2.2
–
–
–
Other long-term assets
46.4
51.1
44.7
41.5
35.7
35.2
Total assets
935
950
572
560
512
454
Liabilities
Accounts payable
53.0
49.2
40.4
64.6
66.0
39.8
Payable/accrued
–
–
–
–
–
–
Accrued expenses
57.7
61.0
58.0
47.9
41.3
35.1
Short-term debt
0
0
0
0
0
0
Current portion of long-term debt
0.4
0.4
0.5
0.4
0.4
5.5
Other current liabilities
16.3
17.5
11.7
23.4
4.4
7.2
Total current liabilities
127
128
111
136
112
87.5
Long-term debt
198
294
61.5
96.6
114
111
Minority interest
93.2
80.6
–
–
–
–
Other liabilities
90.7
87.0
58.9
65.2
76.9
69.4
Total liabilities
510
589
231
298
303
268
Shareholders' equity
Preferred stock
0
0
0
0
0
0
Common stock
1.3
1.3
1.3
1.3
1.3
1.2
Additional paid-in capital
38.3
31.5
44.3
40.8
38.4
36.1
Retained earnings (accumulated deficit)
403
345
308
237
188
166
Treasury stock
0
0
−0.5
−0.3
–
–
Other equity
−17.2
−17.2
−12.0
−16.5
−18.9
−18.1
Total equity
426
361
341
262
209
186
Total liabilities & shareholders' equity
935
950
572
560
512
454
Cash flow statement in millions of USD, fiscal years
Cash flow statement, Bel Fuse Inc., fiscal years, most recent first
2025
2024
2023
2022
2021
2020
Operating activities
Net income
74.1
49.2
73.8
52.7
24.8
12.8
Depreciation, depletion & amortization
26.6
16.5
13.3
14.9
16.9
16.4
Deferred taxes
1.4
−6.3
−3.9
−4.6
0.4
−1.7
Non-cash items
5.3
7.7
0.7
1.7
−1.5
4.7
Changes in working capital
−26.7
7.0
24.3
−24.4
−36.0
13.9
Cash from operations
80.6
74.1
108
40.3
4.6
46.1
Investing activities
Capital expenditures
−12.0
−14.1
−12.1
−8.8
−9.4
−5.5
Other investing cash flows
8.8
−284
−41.4
1.8
−9.5
4.0
Cash from investing
−3.2
−298
−53.5
−7.0
−18.9
−1.5
Financing activities
Financing cash flow items
−0.7
−1.7
–
0
−0.7
−0.6
Cash dividends paid
−3.5
−3.5
−3.5
−3.4
−3.4
−3.4
Issuance (retirement) of debt, net
–
–
–
–
–
–
Other financing cash flows
−90.0
211
−35.1
−17.8
−4.3
−28.2
Cash from financing
−94.1
206
−38.6
−21.3
−8.4
−32.1
Foreign exchange effects
6.3
−3.5
2.9
−3.5
−0.5
0.2
Net change in cash
−10.5
−21.1
19.1
8.5
−23.2
12.7
Free cash flow
68.6
60.0
96.2
31.4
−4.8
40.6
Disclaimer
The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.
This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.
QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.
Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.