Littelfuse, Inc. LFUS

Information TechnologyElectronic Equipment & PartsUnited States of America

Last close 393.08 USD on Nov 1, 2026, +56.3% year to date

Quant rating

Quant rating B Rank 121 of 389 in Information Technology

Growth C 212 of 389
Valuation B 145 of 389
Quality C 169 of 389
Revisions B 69 of 389
Momentum C 177 of 389

Wall Street consensus Buy (1.75)Average target 497.25 USD +26.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 10.0B
Enterprise value: 9.8B
52-week range: 233.77 – 500.10
3-year range: 149.72 – 500.10
Dividend yield: 0.81%
Beta (5 years): 1.50
Shares outstanding: 25.4M
Next earnings: Jan 28, 2027

About the company

Littelfuse, Inc. is an industrial technology manufacturing company. It designs, manufactures and sells electronic components, modules and subassemblies. Its Electronics segment consists of product offerings, including fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch-based magnetic sensing, gas discharge tubes; semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon and silicon carbide metal-oxide-semiconductor field effect transistors and diodes, and insulated gate bipolar transistors technologies. Its Transportation segment consists of a range of circuit protection, power control and sensing technologies. Its Industrial segment consists of industrial circuit protection, protective and monitoring relays, and industrial controls and sensors.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,386	2,191	2,363	2,514	2,080	–
Revenue growth	8.9%	−7.3%	−6.0%	20.9%	43.9%	10.5%
EPS (basic, normalized)	10.68	8.48	11.74	16.87	13.19	–
EPS growth	25.9%	−27.8%	−30.4%	27.9%	–	–
Gross margin	38.0%	35.9%	38.1%	40.1%	37.1%	37.8%
Net margin	−3.0%	4.6%	11.0%	14.8%	13.6%	8.2%
ROE	−3.0%	4.1%	11.1%	18.2%	16.2%	9.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	825
Current ratio	2.67x
Long-term debt (mil)	530
Net debt (mil)	−195
Total equity (mil)	2,724
Net debt / equity	−0.07x
Net debt / EBITDA	−0.39x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,386	+8.9%	4.1x	499	+19.1%	19.6x	10.68	+25.9%	36.8x
2026	2,946	+23.5%	3.3x	744	+49.2%	13.2x	18.60	+74.1%	21.1x
2027	3,264	+10.8%	3.0x	885	+19.0%	11.1x	21.57	+16.0%	18.2x
2028	3,570	+9.4%	2.7x	978	+10.6%	10.0x	24.53	+13.7%	16.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	2,946	−0.2%	+1.1%	+9.5%	18.60	+9.3%	+9.3%	+41.9%
2027	3,264	+0.7%	+1.9%	+13.0%	21.57	+6.6%	+10.1%	+38.0%
2028	3,570	−1.3%	−1.3%	+17.9%	24.53	+1.2%	+1.2%	+42.9%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	535	558	567	530	554	613	625	594	657	739
Sales mean (mil)	519	540	557	525	540	576	623	584	635	703
Surprise	+3.1%	+3.4%	+1.8%	+0.9%	+2.6%	+6.4%	+0.3%	+1.7%	+3.5%	+5.0%
EPS reported	1.76	1.97	2.71	2.04	2.19	2.85	2.95	2.69	3.31	4.19
EPS mean	1.75	1.75	2.09	2.06	1.81	2.32	2.80	2.52	2.85	3.78
Surprise	+0.4%	+12.3%	+29.6%	−1.0%	+21.0%	+22.6%	+5.5%	+6.5%	+16.3%	+10.7%

Peer comparison Electronic Equipment & Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LFUS Littelfuse, Inc.	10.0B	−0.39x	−3.0%	3.67x	21.1x	18.2x	13.2x	11.1x
APH Amphenol Corp	195.6B	1.84x	18.5%	11.42x	29.8x	22.3x	17.1x	14.1x
TEL TE Connectivity PLC	61.7B	0.79x	10.7%	4.51x	15.9x	14.0x	10.9x	10.0x
FLEX Flex Ltd	32.0B	0.94x	3.2%	5.50x	17.8x	11.5x	10.7x	7.2x
JBL Jabil Inc.	28.1B	0.62x	2.9%	17.66x	15.4x	12.3x	8.6x	7.2x
PLXS Plexus Corp	5.5B	−0.10x	4.3%	3.63x	19.5x	16.6x	12.2x	11.1x
Mean		0.62x	6.1%	7.73x	19.9x	15.8x	12.1x	10.1x
Median		0.70x	3.7%	5.01x	18.6x	15.3x	11.6x	10.5x

Technical analysis

1M−8.4%
3M+0.5%
1Y+51.1%
3Y+87.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Littelfuse, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,386	2,191	2,363	2,514	2,080	1,446
Cost of revenue	1,480	1,403	1,462	1,507	1,308	945
Gross profit	906	788	900	1,007	772	501
Selling, general & administrative expenses	382	350	343	312	269	202
Research & development	107	108	102	95.6	65.9	52.5
Depreciation/amortization	59.8	62.1	65.8	55.7	42.7	40.0
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	320	108	28.2	43.7	8.9	44.0
Other operating expenses	0	0	0	0	0	0
Operating income	37.5	159	361	500	385	162
Net interest income (expense)	−24.6	−1.5	−52.2	−50.6	−35.7	−6.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−9.3	−5.4	19.9	−6.7	−8.4	5.2
Net income before taxes	3.6	152	329	443	341	161
Provision for taxes	75.3	51.7	69.1	69.7	57.2	31.3
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−71.7	100	259	373	284	130
Extraordinary items	–	–	–	–	–	–
Net income	−71.7	100	259	373	284	130
EBIT, normalized	358	266	389	544	389	209
EBITDA, normalized	493	396	527	665	488	305
Basic EPS, normalized	10.68	8.48	11.74	16.87	13.19	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Littelfuse, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	564	726	556	563	479	688
Receivables	363	294	287	307	275	233
Total inventory	416	416	475	548	446	258
Prepaid expenses	92.0	115	91.2	94.1	68.1	39.0
Other current assets	0	0	0	0.8	2.7	0
Total current assets	1,435	1,552	1,409	1,512	1,270	1,217
Property, plant & equipment	627	549	556	538	468	362
Goodwill	1,211	1,229	1,310	1,187	930	817
Intangibles	595	482	606	594	407	292
Long-term investments	20.0	23.2	24.8	24.1	39.2	30.5
Note receivable	–	–	–	–	–	–
Other long-term assets	68.2	56.6	90.2	48.4	37.9	29.2
Total assets	3,957	3,892	3,995	3,904	3,152	2,748
Liabilities
Accounts payable	211	188	174	209	222	146
Payable/accrued	–	–	–	–	–	–
Accrued expenses	186	141	145	182	157	105
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	96.3	67.9	14.5	136	25.0	0
Other current liabilities	39.1	36.8	42.4	45.7	30.3	24.9
Total current liabilities	533	434	375	572	435	276
Long-term debt	706	789	858	867	612	687
Minority interest	0	0.4	0.3	0.2	0.1	0.1
Other liabilities	291	256	281	253	212	176
Total liabilities	1,531	1,479	1,515	1,693	1,258	1,139
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.3	0.3	0.3	0.3	0.3	0.3
Additional paid-in capital	1,098	1,049	1,012	974	947	908
Retained earnings (accumulated deficit)	1,672	1,816	1,783	1,585	1,268	1,034
Treasury stock	−339	−305	−259	−253	−248	−242
Other equity	−5.4	−146	−55.8	−95.8	−73.5	−91.2
Total equity	2,426	2,413	2,480	2,211	1,893	1,609
Total liabilities & shareholders' equity	3,957	3,892	3,995	3,904	3,152	2,748

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Littelfuse, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−71.7	100	259	373	284	130
Depreciation, depletion & amortization	135	130	137	121	98.6	96.2
Deferred taxes	3.3	−2.8	0	−22.4	−8.0	−3.2
Non-cash items	341	110	36.3	90.6	56.7	30.7
Changes in working capital	26.9	30.3	24.1	−142	−57.7	4.4
Cash from operations	434	368	457	420	373	258
Investing activities
Capital expenditures	−67.6	−75.9	−86.2	−104	−90.6	−56.2
Other investing cash flows	−401	10.1	−198	−532	−409	4.8
Cash from investing	−469	−65.8	−284	−636	−499	−51.4
Financing activities
Financing cash flow items	−4.5	0	7.9	−2.7	13.4	−1.8
Cash dividends paid	−72.0	−67.1	−62.2	−55.9	−49.7	−46.8
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−72.8	−45.4	−131	369	−32.6	−19.2
Cash from financing	−149	−112	−186	310	−69.0	−67.8
Foreign exchange effects	23.0	−20.1	4.8	−11.4	−9.9	17.6
Net change in cash	−161	169	−7.8	82.1	−205	156
Free cash flow	366	292	371	315	283	202

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.