Bel Fuse (BELFB) Financials

$73.33 -1.63 (-2.17%)

Closing price 04:00 PM Eastern

Extended Trading

$73.62 +0.29 (+0.40%)

As of 04:20 PM Eastern

Annual Income Statements for Bel Fuse

This table shows Bel Fuse's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	41	74	53	25	13	-8.74	-378	-12	-65	19	8.60
Consolidated Net Income / (Loss)	49	74	53	25	13	-8.74	0.00	-12	-65	19	8.60
Net Income / (Loss) Continuing Operations	49	74	53	25	13	-8.74	-378	-12	-65	19	8.60
Total Pre-Tax Income	62	83	59	27	12	-7.30	24	9.64	-83	26	9.77
Total Operating Income	64	88	65	31	19	-1.60	27	17	-77	29	13
Total Gross Profit	202	216	183	134	120	110	-259	102	100	109	87
Total Revenue	535	640	654	543	466	492	150	492	500	567	487
Operating Revenue	535	640	654	543	466	492	150	492	500	567	487
Total Cost of Revenue	332	424	471	409	346	382	409	389	400	458	400
Operating Cost of Revenue	332	424	471	409	346	382	409	389	400	458	400
Total Operating Expenses	138	128	118	103	101	112	112	85	176	80	74
Selling, General & Admin Expense	111	99	92	87	79	77	83	85	71	78	72
Research & Development Expense	24	22	20	22	24	27	29	-	-	-	-
Impairment Charge	0.40	0.00	0.00	-	-	8.89	0.00	-	106	0.00	0.00
Restructuring Charge	3.46	10	7.32	1.20	0.60	2.59	0.22	0.31	2.09	2.11	1.83
Other Special Charges / (Income)	0.00	-3.82	-1.60	-6.58	-1.85	-4.26	0.00	-	-2.64	0.16	-0.01
Total Other Income / (Expense), net	-2.49	-4.68	-6.09	-3.93	-6.53	-5.71	-3.33	-7.74	-6.04	-2.87	-3.70
Interest Expense	4.08	2.85	3.38	3.54	4.75	5.45	5.32	6.80	6.66	7.59	3.98
Interest & Investment Income	4.75	1.70	0.18	-	-	-	-	-	0.62	4.72	0.28
Other Income / (Expense), net	-3.17	-3.52	-2.89	-0.39	-1.79	-0.26	1.99	-0.94	-	-	-
Income Tax Expense	13	9.47	6.37	2.51	-0.66	1.44	2.91	22	-18	6.54	1.17
Net Income / (Loss) Attributable to Noncontrolling Interest	8.23	0.00	0.00	-	-	-	-	-	-	-	-
Basic Earnings per Share	$6.38	$11.35	$8.25	$3.92	$2.02	($1.42)	$1.73	-	-	-	-
Weighted Average Basic Shares Outstanding	12.62M	12.78M	12.54M	12.40M	2.15M	2.17M	9.94M	12.03M	12.03M	11.70M	11.50M
Weighted Average Diluted Shares Outstanding	12.54M	12.76M	12.78M	2.15M	2.15M	2.17M	9.94M	12.03M	12.03M	11.70M	11.50M
Weighted Average Basic & Diluted Shares Outstanding	12.54M	12.76M	12.78M	2.15M	12.33M	12.28M	9.94M	12.03M	12.03M	11.70M	11.50M

This table shows Bel Fuse's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	18	-1.80	8.08	19	16	12	19	28	15	14	17
Consolidated Net Income / (Loss)	18	6.43	8.08	19	16	12	19	28	15	14	17
Net Income / (Loss) Continuing Operations	18	6.43	8.08	19	16	12	19	28	15	14	17
Total Pre-Tax Income	24	7.39	11	23	20	13	24	27	19	17	21
Total Operating Income	25	12	11	23	18	16	25	27	20	18	22
Total Gross Profit	59	56	45	53	48	51	55	56	54	52	52
Total Revenue	152	150	124	133	128	140	159	169	172	169	178
Operating Revenue	152	150	124	133	128	140	159	169	172	169	178
Total Cost of Revenue	93	94	79	80	80	89	103	113	119	117	126
Operating Cost of Revenue	93	94	79	80	80	89	103	113	119	117	126
Total Operating Expenses	34	44	33	31	30	35	31	28	34	34	29
Selling, General & Admin Expense	30	35	27	24	25	25	24	25	25	25	22
Research & Development Expense	7.22	6.93	5.44	5.99	5.22	5.97	5.29	6.01	5.22	5.69	4.88
Restructuring Charge	-2.93	1.67	1.09	0.64	0.07	3.81	2.09	0.71	3.51	3.32	3.97
Total Other Income / (Expense), net	-1.24	-4.99	-0.26	0.26	2.50	-2.97	-0.74	-0.06	-0.90	-0.75	-1.37
Interest Expense	4.15	2.82	0.41	0.42	0.43	0.45	0.51	0.91	0.98	0.97	0.94
Interest & Investment Income	0.28	1.01	1.48	1.15	1.12	1.59	0.00	0.00	0.11	-	-
Other Income / (Expense), net	2.64	-3.19	-1.33	-0.47	1.82	-4.11	-0.23	0.85	-0.03	0.04	-0.43
Income Tax Expense	5.46	0.95	3.11	4.08	4.48	1.46	4.32	-0.48	4.16	3.41	4.14
Preferred Stock Dividends Declared	-0.39	-	-	-	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.84	-	-	-	-	-	-	-	-	-	-
Basic Earnings per Share	$2.79	($0.26)	$1.26	$2.93	$2.45	$1.84	$3.00	$4.27	$2.24	$2.18	$2.61
Weighted Average Basic Shares Outstanding	12.57M	12.62M	12.55M	12.62M	12.75M	12.78M	12.78M	12.78M	12.78M	12.54M	12.48M
Weighted Average Diluted Shares Outstanding	12.67M	12.54M	12.55M	12.55M	12.62M	12.76M	12.77M	12.78M	12.77M	12.78M	12.48M
Weighted Average Basic & Diluted Shares Outstanding	12.67M	12.54M	12.55M	12.55M	12.62M	12.76M	12.77M	12.78M	12.77M	12.78M	12.48M

This table details how cash moves in and out of Bel Fuse's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-21	19	8.51	-23	13	18	-15	-4.06	-12	7.90	15
Net Cash From Operating Activities	74	108	40	4.63	46	24	10	24	39	66	22
Net Cash From Continuing Operating Activities	74	108	40	4.63	46	24	49	24	39	66	22
Net Income / (Loss) Continuing Operations	49	74	53	25	13	-8.74	0.00	-12	-65	19	8.60
Consolidated Net Income / (Loss)	49	74	53	25	13	-8.74	0.00	-12	-65	19	8.60
Depreciation Expense	16	13	15	17	16	16	0.00	21	22	23	20
Amortization Expense	0.15	0.03	0.03	1.30	0.65	0.47	-0.53	2.26	1.80	1.43	0.70
Non-Cash Adjustments To Reconcile Net Income	15	6.16	-2.89	-17	6.23	8.48	-5.83	7.81	104	1.36	-0.93
Changes in Operating Assets and Liabilities, net	-7.08	15	-24	-21	10	7.78	16	5.23	-24	21	-6.28
Net Cash From Investing Activities	-298	-54	-7.00	-19	-1.52	-33	-14	-6.35	-2.38	-9.81	-218
Net Cash From Continuing Investing Activities	-298	-54	-7.00	-19	-1.52	-33	5.82	-6.35	-2.38	-9.81	-218
Purchase of Property, Plant & Equipment	-14	-12	-8.83	-9.40	-5.48	-9.89	0.00	-6.43	-8.22	-9.89	-9.04
Acquisitions	-320	-10	0.00	-17	0.00	-29	0.00	0.00	-	-	-209
Purchase of Investments	-131	-60	0.00	-	-	-	-	0.00	-	-	-2.94
Sale of Property, Plant & Equipment	0.88	6.04	1.83	7.33	3.96	5.81	0.08	0.08	5.84	0.08	0.07
Divestitures	0.00	5.06	0.00	-	-	-	2.18	-	-	-	-
Sale and/or Maturity of Investments	168	20	0.00	-	-	-	2.70	0.00	2.16	2.82	0.00
Other Investing Activities, net	-0.79	-2.15	0.00	-	-	-	0.87	0.00	-2.16	-2.82	2.94
Net Cash From Financing Activities	206	-39	-21	-8.40	-32	25	-12	-24	-47	-49	212
Net Cash From Continuing Financing Activities	206	-39	-21	-8.40	-32	25	9.28	-24	-47	-49	212
Repayment of Debt	-17	-40	-18	-120	-29	-15	-17	-152	-44	-58	-23
Repurchase of Common Equity	-16	-0.11	-0.35	0.00	-	-0.45	0.00	-	-	-	-
Payment of Dividends	-3.45	-3.49	-3.41	-3.38	-3.36	-3.35	-3.30	-3.28	-3.25	-3.24	-3.16
Issuance of Debt	243	5.00	0.00	115	0.00	44	7.50	131	0.00	13	238
Other Net Changes in Cash	-3.55	2.89	-	-0.54	0.20	1.79	0.46	-	-	-	-
Cash Interest Paid	5.80	4.73	3.37	2.14	4.13	4.85	4.78	4.35	4.84	6.15	3.21
Cash Income Taxes Paid	23	25	15	2.87	2.65	4.69	7.48	0.76	2.46	0.58	4.69

This table details how cash moves in and out of Bel Fuse's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-2.33	-66	49	14	-18	-11	35	-13	7.57	-0.63	5.07
Net Cash From Operating Activities	8.15	8.34	27	32	6.15	27	41	24	17	16	13
Net Cash From Continuing Operating Activities	8.15	8.34	27	32	6.15	27	41	24	17	16	13
Net Income / (Loss) Continuing Operations	18	6.43	8.08	19	16	12	19	28	15	14	17
Consolidated Net Income / (Loss)	18	6.43	8.08	19	16	12	19	28	15	14	17
Depreciation Expense	6.68	5.70	3.64	3.44	3.68	3.35	3.39	3.34	3.24	3.26	3.29
Amortization Expense	0.30	0.12	-	0.00	0.03	-	-	-	0.03	-	-
Non-Cash Adjustments To Reconcile Net Income	-3.60	3.17	3.21	5.23	3.73	7.02	-2.33	-3.28	4.74	-2.52	-3.21
Changes in Operating Assets and Liabilities, net	-14	-7.08	12	4.72	-17	4.52	20	-4.01	-5.75	1.41	-3.70
Net Cash From Investing Activities	-3.07	-297	25	-10	-16	-42	-4.45	7.09	-14	-3.22	-0.32
Net Cash From Continuing Investing Activities	-3.07	-297	25	-10	-16	-42	-4.45	7.09	-14	-3.22	-0.32
Purchase of Property, Plant & Equipment	-2.79	-6.20	-3.63	-1.35	-2.93	-2.47	-2.58	-3.32	-3.76	-3.22	-2.07
Purchase of Investments	0.00	-	-8.96	-80	-43	-60	-	-	0.00	-	-
Sale of Property, Plant & Equipment	0.06	0.65	0.01	0.04	0.19	0.63	0.16	5.21	0.03	-	1.75
Sale and/or Maturity of Investments	0.00	29	38	71	30	20	-	-	0.00	-	-
Other Investing Activities, net	-0.33	0.13	-0.29	-0.14	-0.49	-0.25	-1.91	-	0.00	-	-
Net Cash From Financing Activities	-8.33	225	-3.02	-8.73	-7.12	-1.11	-0.83	-41	4.17	-16	-3.32
Net Cash From Continuing Financing Activities	-8.33	225	-3.02	-8.73	-7.12	-1.11	-0.83	-41	4.17	-16	-3.32
Repayment of Debt	-13	-16	-0.33	-	-	-	-	-	-	-15	-2.50
Repurchase of Common Equity	0.00	-	-1.88	-7.89	-6.28	-0.11	-	-	0.00	-	-
Payment of Dividends	-0.83	-0.97	-0.81	-0.84	-0.84	-1.00	-0.83	-0.83	-0.83	-0.94	-0.82
Issuance of Debt	5.00	243	-	-	0.00	-	-	-	5.00	-	-
Effect of Exchange Rate Changes	0.92	-	-0.44	-	-	-	-	-	-	2.35	-4.21
Cash Interest Paid	4.21	2.79	1.03	1.00	0.98	0.99	0.98	1.35	1.42	1.24	1.02
Cash Income Taxes Paid	2.28	7.40	7.28	7.30	0.98	6.91	7.79	9.38	0.98	7.12	2.88

This table presents Bel Fuse's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	950	572	560	512	454	469	-	431	427	579	635
Total Current Assets	374	381	381	329	280	283	291	266	255	280	311
Cash & Equivalents	68	89	70	62	85	72	54	69	73	85	77
Short-Term Investments	0.95	38	0.00	-	-	-	-	-	-	-	-
Accounts Receivable	116	97	126	115	86	92	108	79	74	86	100
Inventories, net	161	137	172	139	100	107	120	108	99	99	114
Other Current Assets	27	21	13	12	9.64	11	8.79	10	8.74	11	20
Plant, Property, & Equipment, net	48	37	37	38	35	42	44	43	49	58	69
Total Noncurrent Assets	528	154	142	145	139	144	-	122	123	240	256
Long-Term Investments	9.27	10	0.00	-	-	-	-	-	-	-	-
Noncurrent Note & Lease Receivables	2.94	2.15	0.00	-	-	-	-	-	-	-	-
Goodwill	208	27	25	27	24	22	-	20	18	122	118
Intangible Assets	232	49	54	61	66	72	63	69	75	88	96
Noncurrent Deferred & Refundable Income Taxes	16	12	7.28	4.46	5.71	3.73	0.50	4.16	3.41	3.44	7.93
Other Noncurrent Operating Assets	60	54	56	53	44	46	26	28	26	28	34
Total Liabilities & Shareholders' Equity	950	572	560	512	454	469	444	431	427	579	635
Total Liabilities	509	231	298	303	268	301	267	273	268	345	411
Total Current Liabilities	128	111	136	112	88	90	106	87	92	122	122
Accounts Payable	49	40	65	66	40	44	56	48	47	50	62
Accrued Expenses	53	55	51	34	28	27	32	31	32	38	43
Other Current Liabilities	26	16	21	12	14	14	15	6.20	2.15	8.96	3.85
Total Noncurrent Liabilities	381	120	162	191	181	211	-	186	176	224	289
Long-Term Debt	292	60	95	113	110	138	112	120	130	159	219
Noncurrent Deferred & Payable Income Tax Liabilities	47	21	26	30	27	29	29	30	29	49	56
Noncurrent Employee Benefit Liabilities	18	20	19	24	25	22	19	19	17	16	14
Other Noncurrent Operating Liabilities	23	19	22	25	18	22	1.92	17	0.31	0.57	0.45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	81	0.00	-	-	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	361	341	262	209	186	168	-	158	158	233	224
Total Preferred & Common Equity	361	341	262	209	186	168	-	158	158	233	224
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	361	341	262	209	186	168	-	158	158	233	224
Common Stock	33	46	42	40	37	35	31	30	28	26	23
Retained Earnings	345	308	237	188	166	157	169	148	161	229	213
Accumulated Other Comprehensive Income / (Loss)	-17	-12	-17	-19	-18	-24	-25	-20	-31	-22	-12
Other Equity Adjustments	0.00	-0.45	-0.35	-	-	-	-	-	-	-	-

This table presents Bel Fuse's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	940	584	568	555	559	552	575	554
Total Current Assets	368	388	376	364	363	354	383	377
Cash & Equivalents	66	134	85	71	100	65	78	71
Short-Term Investments	0.95	30	59	50	-	-	-	-
Accounts Receivable	109	81	87	93	94	120	124	132
Inventories, net	165	125	128	130	140	157	166	164
Other Current Assets	27	18	17	20	29	12	15	10
Plant, Property, & Equipment, net	47	37	35	36	38	38	38	35
Total Noncurrent Assets	525	160	157	152	158	160	153	141
Long-Term Investments	9.86	10	9.94	10	9.98	11	9.98	-
Noncurrent Note & Lease Receivables	3.27	3.07	2.79	0.00	1.91	1.96	1.96	-
Goodwill	208	27	25	25	25	26	25	24
Intangible Assets	228	46	47	48	51	52	53	55
Noncurrent Deferred & Refundable Income Taxes	17	17	15	13	12	10	8.36	8.97
Other Noncurrent Operating Assets	58	58	57	56	58	58	55	54
Total Liabilities & Shareholders' Equity	940	584	568	555	559	552	575	554
Total Liabilities	483	217	211	209	238	248	296	318
Total Current Liabilities	111	97	90	87	118	127	130	137
Accounts Payable	46	37	36	33	44	52	60	66
Accrued Expenses	38	42	39	37	55	56	48	43
Other Current Liabilities	27	18	14	17	18	19	22	28
Total Noncurrent Liabilities	371	120	121	122	120	121	167	181
Long-Term Debt	285	60	60	60	60	60	100	110
Noncurrent Deferred & Payable Income Tax Liabilities	45	20	20	21	21	21	26	25
Noncurrent Employee Benefit Liabilities	18	20	20	20	19	19	19	24
Other Noncurrent Operating Liabilities	22	20	22	21	20	22	22	21
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	81	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	377	367	356	347	321	304	278	236
Total Preferred & Common Equity	377	367	356	347	321	304	278	236
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	377	367	356	347	321	304	278	236
Common Stock	34	48	47	46	45	44	43	41
Retained Earnings	362	348	340	323	296	278	251	224
Accumulated Other Comprehensive Income / (Loss)	-19	-12	-17	-15	-19	-17	-15	-29

This table displays calculated financial ratios and metrics derived from Bel Fuse's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.41%	-2.20%	20.38%	16.69%	-5.41%	229.32%	-69.58%	-1.71%	-11.80%	16.43%	39.49%
EBITDA Growth	-20.51%	26.75%	57.36%	44.39%	125.15%	-46.89%	-27.95%	174.48%	-199.79%	53.57%	24.67%
EBIT Growth	-27.61%	35.64%	101.69%	82.85%	1,010.57%	-106.41%	75.94%	121.49%	-367.52%	112.29%	-12.07%
NOPAT Growth	-34.37%	34.16%	104.72%	44.26%	1,862.71%	-104.72%	210.17%	59.95%	-351.02%	79.86%	-24.84%
Net Income Growth	-33.37%	40.13%	112.28%	93.99%	246.35%	0.00%	100.00%	81.65%	-437.73%	123.14%	-45.92%
EPS Growth	0.00%	0.00%	0.00%	0.00%	242.25%	-182.08%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-31.64%	169.14%	769.11%	-89.95%	88.58%	142.15%	-58.14%	-37.52%	-41.32%	204.42%	104.24%
Free Cash Flow Firm Growth	-434.97%	233.14%	308.29%	-134.32%	280.75%	-231.44%	377.32%	-112.51%	-25.43%	136.69%	-517.00%
Invested Capital Growth	148.78%	-8.26%	10.63%	19.89%	-9.62%	10.38%	2.68%	-6.62%	-31.77%	-12.67%	112.66%
Revenue Q/Q Growth	1.88%	-4.36%	3.49%	6.05%	0.22%	305.75%	-71.54%	0.29%	-3.23%	-2.31%	13.42%
EBITDA Q/Q Growth	-2.99%	-5.76%	9.46%	12.21%	40.63%	76.91%	-33.94%	-15.20%	4.31%	1.41%	-2.13%
EBIT Q/Q Growth	-7.37%	-6.70%	14.31%	20.37%	140.59%	-117.50%	28.17%	-31.58%	3.56%	8.65%	-26.16%
NOPAT Q/Q Growth	-7.25%	0.01%	10.21%	18.44%	43.38%	-143.22%	498.68%	-227.88%	3.56%	4.73%	-26.30%
Net Income Q/Q Growth	-10.23%	-2.64%	35.87%	19.51%	23.41%	54.17%	100.00%	-196.99%	0.74%	6.20%	-39.53%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	359.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-20.06%	11.00%	32.36%	-51.88%	14.44%	-1.63%	-28.35%	-7.26%	-19.31%	38.76%	-7.86%
Free Cash Flow Firm Q/Q Growth	-567.67%	24.17%	7.72%	-294.21%	383.70%	-229.24%	750.99%	-130.21%	-8.06%	40.87%	1.20%
Invested Capital Q/Q Growth	158.42%	-2.89%	4.34%	3.49%	-2.96%	9.77%	-7.23%	-10.85%	-6.39%	-6.21%	-0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.84%	33.74%	28.04%	24.73%	25.71%	22.33%	-173.48%	20.82%	19.98%	19.19%	17.93%
EBITDA Margin	14.54%	15.29%	11.79%	9.02%	7.29%	3.06%	18.99%	8.02%	-10.58%	9.35%	7.09%
Operating Margin	12.02%	13.75%	9.96%	5.75%	4.01%	-0.32%	18.02%	3.54%	-15.30%	5.04%	2.77%
EBIT Margin	11.43%	13.20%	9.52%	5.68%	3.62%	-0.38%	19.35%	3.35%	-15.30%	5.04%	2.77%
Profit (Net Income) Margin	9.20%	11.54%	8.05%	4.57%	2.75%	-1.78%	0.00%	-2.42%	-12.96%	3.39%	1.77%
Tax Burden Percent	79.59%	88.63%	89.21%	90.83%	105.43%	119.73%	0.00%	-123.37%	78.54%	74.60%	88.06%
Interest Burden Percent	101.11%	98.63%	94.86%	88.53%	71.89%	393.85%	81.62%	58.64%	107.89%	89.97%	72.52%
Effective Tax Rate	20.41%	11.37%	10.79%	9.17%	-5.43%	0.00%	12.31%	223.37%	0.00%	25.40%	11.94%
Return on Invested Capital (ROIC)	11.14%	28.33%	21.27%	11.93%	8.63%	-0.49%	11.04%	-9.80%	-19.20%	6.00%	4.25%
ROIC Less NNEP Spread (ROIC-NNEP)	8.25%	44.13%	6.88%	3.16%	-4.86%	-5.78%	-6.45%	5.96%	-32.76%	4.31%	-1.94%
Return on Net Nonoperating Assets (RNNOA)	1.44%	-3.84%	1.10%	0.65%	-1.40%	-9.92%	-11.04%	2.28%	-13.92%	2.40%	-0.45%
Return on Equity (ROE)	12.59%	24.49%	22.37%	12.58%	7.23%	-10.41%	0.00%	-7.52%	-33.12%	8.39%	3.80%
Cash Return on Invested Capital (CROIC)	-74.17%	36.95%	11.17%	-6.16%	18.73%	-10.35%	8.39%	-2.96%	18.57%	19.53%	-67.81%
Operating Return on Assets (OROA)	8.04%	14.92%	11.61%	6.39%	3.66%	-0.79%	13.42%	3.83%	-15.22%	4.71%	2.86%
Return on Assets (ROA)	6.47%	13.04%	9.83%	5.14%	2.77%	-3.73%	0.00%	-2.77%	-12.90%	3.16%	1.82%
Return on Common Equity (ROCE)	11.29%	24.49%	22.37%	12.58%	7.23%	-10.41%	0.00%	-7.52%	-33.12%	8.39%	3.80%
Return on Equity Simple (ROE_SIMPLE)	13.64%	21.68%	20.08%	11.89%	6.89%	-5.20%	0.00%	-7.53%	-40.92%	8.23%	3.84%
Net Operating Profit after Tax (NOPAT)	51	78	58	28	20	-1.12	24	-21	-54	21	12
NOPAT Margin	9.57%	12.19%	8.88%	5.22%	4.23%	-0.23%	15.80%	-4.36%	-10.71%	3.76%	2.44%
Net Nonoperating Expense Percent (NNEP)	2.90%	-15.80%	14.39%	8.77%	13.49%	5.29%	17.49%	-15.77%	13.56%	1.68%	6.19%
Return On Investment Capital (ROIC_SIMPLE)	7.84%	19.47%	16.26%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	62.16%	66.26%	71.96%	75.27%	74.29%	77.67%	273.48%	79.18%	80.02%	80.81%	82.07%
SG&A Expenses to Revenue	20.68%	15.49%	14.11%	15.94%	16.90%	15.72%	55.24%	17.22%	14.20%	13.75%	14.79%
R&D to Revenue	4.41%	3.51%	3.09%	4.03%	5.07%	5.47%	19.72%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.82%	19.99%	18.08%	18.97%	21.70%	22.66%	75.11%	17.28%	35.27%	14.15%	15.17%
Earnings before Interest and Taxes (EBIT)	61	84	62	31	17	-1.85	29	16	-77	29	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	98	77	49	34	15	28	39	-53	53	35
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.13	2.41	1.52	0.87	0.85	1.12	0.89	1.52	1.72	0.67	1.12
Price to Tangible Book Value (P/TBV)	0.00	3.11	2.17	1.51	1.65	2.54	1.38	3.50	4.16	6.56	24.09
Price to Revenue (P/Rev)	2.11	1.29	0.61	0.34	0.34	0.38	1.04	0.49	0.55	0.27	0.51
Price to Earnings (P/E)	27.57	11.14	7.55	7.35	12.37	0.00	0.00	0.00	0.00	8.08	29.13
Dividend Yield	0.27%	0.39%	0.78%	1.63%	1.87%	1.96%	1.89%	1.20%	1.05%	1.84%	1.14%
Earnings Yield	3.63%	8.98%	13.25%	13.61%	8.08%	0.00%	0.00%	0.00%	0.00%	12.38%	3.43%
Enterprise Value to Invested Capital (EV/IC)	2.17	2.83	1.47	0.90	0.87	1.08	1.00	1.39	1.51	0.76	1.07
Enterprise Value to Revenue (EV/Rev)	2.66	1.16	0.65	0.43	0.41	0.53	1.44	0.60	0.68	0.45	0.83
Enterprise Value to EBITDA (EV/EBITDA)	18.32	7.62	5.48	4.75	5.56	17.17	7.60	7.43	0.00	4.78	11.76
Enterprise Value to EBIT (EV/EBIT)	23.29	8.82	6.79	7.55	11.19	0.00	7.46	17.82	0.00	8.87	30.14
Enterprise Value to NOPAT (EV/NOPAT)	27.83	9.56	7.27	8.21	9.60	0.00	9.14	0.00	0.00	11.89	34.23
Enterprise Value to Operating Cash Flow (EV/OCF)	19.23	6.88	10.49	50.33	4.10	10.59	21.38	12.15	8.83	3.86	18.79
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	7.33	13.84	0.00	4.42	0.00	12.01	0.00	6.58	3.65	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.18	0.36	0.54	0.62	0.86	0.00	0.78	0.89	0.79	1.04
Long-Term Debt to Equity	0.66	0.18	0.36	0.54	0.59	0.82	0.00	0.76	0.82	0.68	0.98
Financial Leverage	0.18	-0.09	0.16	0.21	0.29	1.72	1.71	0.38	0.42	0.56	0.23
Leverage Ratio	1.95	1.88	2.28	2.45	2.61	2.79	2.73	2.71	2.57	2.65	2.08
Compound Leverage Factor	1.97	1.85	2.16	2.17	1.87	10.99	2.23	1.59	2.77	2.39	1.51
Debt to Total Capital	39.87%	14.98%	26.58%	35.02%	38.35%	46.10%	100.00%	43.72%	47.13%	44.05%	50.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.75%	1.76%	2.20%	0.94%	3.80%	5.95%	2.94%
Long-Term Debt to Total Capital	39.87%	14.98%	26.58%	35.02%	36.60%	44.33%	97.80%	42.78%	43.33%	38.11%	47.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.15%	85.02%	73.42%	64.98%	61.65%	53.90%	0.00%	56.28%	52.87%	55.95%	49.09%
Debt to EBITDA	3.76	0.61	1.23	2.29	3.40	9.53	4.02	3.11	-2.67	3.46	6.74
Net Debt to EBITDA	2.75	-0.79	0.32	1.03	0.90	4.73	2.12	1.35	-1.28	1.86	4.50
Long-Term Debt to EBITDA	3.76	0.61	1.23	2.29	3.25	9.16	3.93	3.05	-2.45	2.99	6.35
Debt to NOPAT	5.72	0.77	1.63	3.96	5.87	-128.71	4.83	-5.72	-2.64	8.60	19.61
Net Debt to NOPAT	4.18	-0.99	0.43	1.79	1.56	-63.96	2.55	-2.49	-1.27	4.62	13.11
Long-Term Debt to NOPAT	5.72	0.77	1.63	3.96	5.60	-123.79	4.73	-5.60	-2.42	7.44	18.48
Altman Z-Score	2.93	5.06	3.45	2.64	2.53	2.37	0.00	2.77	2.18	2.30	2.03
Noncontrolling Interest Sharing Ratio	10.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.92	3.45	2.80	2.94	3.20	3.14	2.74	3.05	2.77	2.30	2.55
Quick Ratio	1.45	2.02	1.44	1.58	1.95	1.83	1.52	1.70	1.60	1.41	1.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-341	102	31	-15	43	-24	18	-6.48	52	69	-189
Operating Cash Flow to CapEx	560.03%	1,779.13%	575.18%	224.09%	3,043.43%	598.68%	0.00%	379.90%	1,619.25%	670.36%	240.74%
Free Cash Flow to Firm to Interest Expense	-83.54	35.68	9.03	-4.14	9.00	-4.34	3.38	-0.95	7.78	9.15	-47.59
Operating Cash Flow to Interest Expense	18.16	38.02	11.91	1.31	9.72	4.49	1.90	3.55	5.79	8.67	5.43
Operating Cash Flow Less CapEx to Interest Expense	14.92	35.88	9.84	0.72	9.40	3.74	1.91	2.61	5.44	7.38	3.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	1.13	1.22	1.13	1.01	2.10	0.69	1.15	1.00	0.93	1.03
Accounts Receivable Turnover	5.01	5.75	5.43	5.41	5.24	4.92	1.60	6.42	6.23	6.10	5.96
Inventory Turnover	2.23	2.74	3.02	3.42	3.34	3.36	3.59	3.77	4.06	4.32	4.35
Fixed Asset Turnover	12.67	17.44	17.44	14.95	12.19	11.47	3.42	10.66	9.40	8.94	8.84
Accounts Payable Turnover	7.42	8.07	7.21	7.74	8.24	7.62	7.86	8.18	8.25	8.20	8.74
Days Sales Outstanding (DSO)	72.79	63.45	67.21	67.47	69.71	74.18	227.69	56.88	58.63	59.82	61.24
Days Inventory Outstanding (DIO)	163.55	133.01	120.89	106.85	109.39	108.49	101.66	96.86	90.00	84.49	83.85
Days Payable Outstanding (DPO)	49.20	45.21	50.61	47.17	44.27	47.88	46.47	44.62	44.24	44.49	41.75
Cash Conversion Cycle (CCC)	187.13	151.25	137.49	127.14	134.83	134.79	282.88	109.11	104.39	99.81	103.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	655	263	287	259	216	239	217	211	226	332	380
Invested Capital Turnover	1.16	2.32	2.39	2.28	2.04	2.16	0.70	2.25	1.79	1.59	1.74
Increase / (Decrease) in Invested Capital	392	-24	28	43	-23	23	5.66	-15	-105	-48	201
Enterprise Value (EV)	1,424	745	422	233	189	259	216	293	341	254	406
Market Capitalization	1,129	822	398	182	158	188	156	240	273	155	251
Book Value per Share	$28.74	$26.66	$21.02	$16.83	$15.03	$13.69	$0.00	$13.13	$13.28	$19.61	$18.88
Tangible Book Value per Share	($6.33)	$20.71	$14.67	$9.76	$7.77	$6.00	$0.00	$5.69	$5.50	$1.99	$0.88
Total Capital	734	401	357	321	301	312	114	281	300	417	457
Total Debt	292	60	95	113	116	144	114	123	141	184	233
Total Long-Term Debt	292	60	95	113	110	138	112	120	130	159	219
Net Debt	214	-77	25	51	31	71	60	53	68	99	155
Capital Expenditures (CapEx)	13	6.09	7.00	2.07	1.52	4.08	-0.08	6.35	2.38	9.81	8.98
Debt-free, Cash-free Net Working Capital (DFCFNWC)	176	144	175	155	113	126	133	112	101	98	125
Debt-free Net Working Capital (DFNWC)	245	271	245	217	198	198	187	181	175	183	202
Net Working Capital (NWC)	245	271	245	217	193	193	184	179	163	159	189
Net Nonoperating Expense (NNE)	1.98	4.14	5.43	3.57	6.89	7.63	24	-9.55	11	2.14	3.26
Net Nonoperating Obligations (NNO)	214	-77	25	51	31	71	217	53	68	99	155
Total Depreciation and Amortization (D&A)	17	13	15	18	17	17	-0.53	23	24	24	21
Debt-free, Cash-free Net Working Capital to Revenue	32.96%	22.50%	26.72%	28.56%	24.27%	25.62%	89.00%	22.80%	20.21%	17.34%	25.70%
Debt-free Net Working Capital to Revenue	45.90%	42.34%	37.46%	39.93%	42.50%	40.30%	125.05%	36.91%	34.89%	32.34%	41.53%
Net Working Capital to Revenue	45.90%	42.34%	37.46%	39.93%	41.37%	39.19%	123.38%	36.37%	32.61%	27.97%	38.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.38	$11.35	$8.25	$3.92	$2.02	($0.71)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	12.62M	12.78M	12.54M	12.52M	12.35M	12.27M	12.26M	12.03M	12.03M	11.88M	11.86M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.92	$2.02	($0.71)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	12.54M	12.76M	12.78M	12.52M	12.35M	12.27M	12.26M	12.03M	12.03M	11.88M	11.86M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$3.92	$2.02	($0.71)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.54M	12.76M	12.78M	12.40M	12.33M	10.12M	12.26M	12.03M	12.03M	11.88M	11.86M
Normalized Net Operating Profit after Tax (NOPAT)	54	84	63	24	12	3.94	24	12	20	23	13
Normalized NOPAT Margin	10.14%	13.06%	9.66%	4.33%	2.62%	0.80%	15.93%	2.52%	4.05%	4.06%	2.76%
Pre Tax Income Margin	11.56%	13.02%	9.03%	5.03%	2.61%	-1.48%	15.79%	1.96%	-16.51%	4.54%	2.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.99	29.63	18.43	8.72	3.56	-0.34	5.44	2.42	-11.48	3.77	3.39
NOPAT to Interest Expense	12.55	27.36	17.20	8.02	4.15	-0.20	4.44	-3.15	-8.04	2.81	2.98
EBIT Less CapEx to Interest Expense	11.75	27.50	16.35	8.13	3.24	-1.09	5.46	1.48	-11.84	2.48	1.13
NOPAT Less CapEx to Interest Expense	9.31	25.22	15.13	7.43	3.83	-0.95	4.46	-4.09	-8.40	1.52	0.73
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.02%	4.73%	6.48%	13.61%	26.28%	-38.34%	0.00%	-27.58%	-5.01%	16.87%	36.73%
Augmented Payout Ratio	39.65%	4.87%	7.14%	13.61%	26.28%	-43.46%	0.00%	-27.58%	-5.01%	16.87%	36.73%

This table displays calculated financial ratios and metrics derived from Bel Fuse's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.85%	7.03%	-22.08%	-21.08%	-25.68%	-17.25%	-10.72%	-1.05%	26.06%	14.99%	20.94%
EBITDA Growth	48.16%	-4.44%	-50.28%	-18.86%	2.19%	-26.95%	11.04%	65.25%	96.39%	44.96%	82.64%
EBIT Growth	40.62%	-25.65%	-58.31%	-21.46%	0.30%	-32.27%	12.25%	87.14%	168.07%	74.56%	149.45%
NOPAT Growth	38.42%	-26.60%	-58.78%	-33.22%	-8.83%	0.27%	13.66%	39.04%	147.13%	60.60%	149.06%
Net Income Growth	15.42%	-46.56%	-58.45%	-32.29%	8.93%	-14.27%	17.52%	63.02%	187.76%	10,867.97%	188.59%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	32.47%	-69.01%	-32.85%	35.15%	-63.47%	66.32%	215.48%	26.08%	317.28%	155.09%	6,083.25%
Free Cash Flow Firm Growth	-1,281.07%	-1,092.19%	8.12%	267.22%	1,825.54%	396.57%	455.31%	226.57%	103.75%	61.83%	67.24%
Invested Capital Growth	144.50%	148.78%	-6.51%	-8.93%	-6.13%	-8.26%	-1.43%	5.78%	4.93%	10.63%	9.73%
Revenue Q/Q Growth	1.59%	21.21%	-7.18%	3.99%	-8.51%	-11.77%	-5.98%	-2.07%	1.86%	-4.80%	4.20%
EBITDA Q/Q Growth	130.80%	9.09%	-46.24%	9.46%	34.35%	-43.24%	-12.26%	37.84%	5.55%	-13.72%	30.57%
EBIT Q/Q Growth	201.10%	-9.24%	-54.31%	12.61%	39.98%	-49.11%	-13.91%	43.81%	6.48%	-15.67%	43.53%
NOPAT Q/Q Growth	78.87%	30.35%	-55.54%	33.51%	-5.15%	-26.79%	-27.96%	82.27%	4.30%	-17.02%	-11.87%
Net Income Q/Q Growth	184.86%	-20.40%	-57.04%	18.47%	31.89%	-38.11%	-29.98%	90.61%	3.80%	-15.16%	-2.88%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.36%	-69.52%	-14.97%	423.48%	-77.16%	-33.96%	71.15%	41.50%	4.00%	25.27%	-31.60%
Free Cash Flow Firm Q/Q Growth	1.73%	-1,569.33%	-41.52%	39.87%	-17.45%	60.12%	98.62%	633.43%	112.71%	-91.83%	29.25%
Invested Capital Q/Q Growth	1.68%	158.42%	-3.48%	-3.59%	3.46%	-2.89%	-5.97%	-0.63%	1.10%	4.34%	0.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.64%	37.51%	36.14%	40.09%	37.53%	36.56%	34.95%	32.91%	31.14%	30.93%	28.99%
EBITDA Margin	22.75%	10.02%	11.13%	19.21%	18.25%	11.22%	17.44%	18.69%	13.28%	12.71%	14.02%
Operating Margin	16.44%	8.26%	9.26%	16.98%	13.94%	11.76%	15.45%	16.21%	11.39%	10.76%	12.41%
EBIT Margin	18.17%	6.13%	8.19%	16.63%	15.36%	8.83%	15.30%	16.71%	11.38%	10.78%	12.17%
Profit (Net Income) Margin	12.04%	4.29%	6.54%	14.12%	12.39%	8.60%	12.26%	16.46%	8.46%	8.30%	9.31%
Tax Burden Percent	77.03%	87.10%	72.22%	82.18%	78.00%	89.16%	81.82%	101.75%	77.78%	80.45%	79.99%
Interest Burden Percent	85.98%	80.39%	110.53%	103.30%	103.46%	109.25%	97.89%	96.78%	95.53%	95.66%	95.64%
Effective Tax Rate	22.97%	12.90%	27.78%	17.82%	22.00%	10.84%	18.18%	-1.75%	22.22%	19.55%	20.01%
Return on Invested Capital (ROIC)	15.08%	8.37%	13.38%	28.37%	23.01%	24.38%	30.95%	40.45%	21.57%	20.72%	23.87%
ROIC Less NNEP Spread (ROIC-NNEP)	13.66%	2.02%	13.61%	27.98%	16.73%	34.47%	41.91%	40.04%	19.66%	19.12%	21.42%
Return on Net Nonoperating Assets (RNNOA)	2.28%	0.35%	-3.24%	-4.65%	-1.66%	-3.00%	-0.83%	2.31%	2.93%	3.06%	4.40%
Return on Equity (ROE)	17.35%	8.73%	10.14%	23.72%	21.35%	21.38%	30.12%	42.76%	24.50%	23.78%	28.27%
Cash Return on Invested Capital (CROIC)	-71.84%	-74.17%	27.76%	33.64%	33.42%	36.95%	29.98%	21.33%	18.84%	11.17%	10.78%
Operating Return on Assets (OROA)	13.58%	4.31%	7.52%	16.63%	16.19%	9.98%	18.40%	21.01%	14.34%	13.16%	14.78%
Return on Assets (ROA)	8.99%	3.02%	6.00%	14.12%	13.06%	9.72%	14.74%	20.69%	10.66%	10.12%	11.30%
Return on Common Equity (ROCE)	15.61%	7.83%	10.14%	23.72%	21.35%	21.38%	30.12%	42.76%	24.50%	23.78%	28.27%
Return on Equity Simple (ROE_SIMPLE)	13.70%	0.00%	14.92%	18.56%	21.67%	0.00%	23.59%	23.95%	22.37%	0.00%	16.43%
Net Operating Profit after Tax (NOPAT)	19	11	8.27	19	14	15	20	28	15	15	18
NOPAT Margin	12.66%	7.19%	6.69%	13.96%	10.87%	10.49%	12.64%	16.49%	8.86%	8.65%	9.93%
Net Nonoperating Expense Percent (NNEP)	1.42%	6.35%	-0.23%	0.39%	6.28%	-10.09%	-10.96%	0.42%	1.91%	1.60%	2.45%
Return On Investment Capital (ROIC_SIMPLE)	2.91%	1.65%	-	-	-	3.67%	-	-	-	4.10%	-
Cost of Revenue to Revenue	61.36%	62.49%	63.86%	59.91%	62.47%	63.44%	65.05%	67.09%	68.86%	69.07%	71.01%
SG&A Expenses to Revenue	19.38%	23.24%	21.60%	18.12%	19.47%	17.82%	14.95%	14.89%	14.68%	14.85%	12.50%
R&D to Revenue	4.74%	4.63%	4.40%	4.50%	4.07%	4.26%	3.34%	3.56%	3.03%	3.36%	2.74%
Operating Expenses to Revenue	22.20%	29.25%	26.88%	23.10%	23.60%	24.80%	19.51%	16.70%	19.74%	20.18%	16.58%
Earnings before Interest and Taxes (EBIT)	28	9.19	10	22	20	12	24	28	20	18	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	35	15	14	26	23	16	28	32	23	22	25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.40	3.13	3.39	2.86	2.60	2.41	1.86	2.42	1.66	1.52	1.46
Price to Tangible Book Value (P/TBV)	0.00	0.00	4.23	3.59	3.30	3.11	2.44	3.25	2.31	2.17	2.19
Price to Revenue (P/Rev)	1.62	2.11	2.38	1.82	1.51	1.29	0.89	1.07	0.67	0.61	0.55
Price to Earnings (P/E)	21.01	27.57	22.76	15.42	12.00	11.14	7.88	10.11	7.42	7.55	7.40
Dividend Yield	0.33%	0.27%	0.24%	0.30%	0.34%	0.39%	0.56%	0.45%	0.72%	0.78%	0.87%
Earnings Yield	4.76%	3.63%	4.39%	6.48%	8.33%	8.98%	12.69%	9.89%	13.48%	13.25%	13.52%
Enterprise Value to Invested Capital (EV/IC)	1.79	2.17	4.47	3.53	3.05	2.83	2.02	2.50	1.63	1.47	1.40
Enterprise Value to Revenue (EV/Rev)	2.13	2.66	2.16	1.65	1.39	1.16	0.82	1.05	0.69	0.65	0.61
Enterprise Value to EBITDA (EV/EBITDA)	13.39	18.32	14.14	9.85	8.30	7.62	5.28	7.14	5.35	5.48	5.45
Enterprise Value to EBIT (EV/EBIT)	17.25	23.29	17.17	11.56	9.63	8.82	6.05	8.21	6.34	6.79	7.05
Enterprise Value to NOPAT (EV/NOPAT)	21.07	27.83	20.54	13.84	10.89	9.56	7.02	9.54	7.06	7.27	7.29
Enterprise Value to Operating Cash Flow (EV/OCF)	15.67	19.23	12.23	8.74	8.50	6.88	5.61	10.34	7.30	10.49	12.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	15.56	10.00	8.83	7.33	6.69	12.05	8.87	13.84	13.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.66	0.16	0.17	0.17	0.18	0.19	0.20	0.36	0.36	0.47
Long-Term Debt to Equity	0.62	0.66	0.16	0.17	0.17	0.18	0.19	0.20	0.36	0.36	0.47
Financial Leverage	0.17	0.18	-0.24	-0.17	-0.10	-0.09	-0.02	0.06	0.15	0.16	0.21
Leverage Ratio	1.86	1.95	1.66	1.69	1.81	1.88	2.00	2.06	2.22	2.28	2.39
Compound Leverage Factor	1.60	1.56	1.84	1.75	1.87	2.05	1.95	2.00	2.12	2.18	2.28
Debt to Total Capital	38.36%	39.87%	14.04%	14.41%	14.75%	14.98%	15.73%	16.46%	26.45%	26.58%	31.79%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.36%	39.87%	14.04%	14.41%	14.75%	14.98%	15.73%	16.46%	26.45%	26.58%	31.79%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	10.91%	10.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.73%	49.15%	85.96%	85.59%	85.25%	85.02%	84.27%	83.54%	73.55%	73.42%	68.21%
Debt to EBITDA	3.20	3.76	0.75	0.64	0.60	0.61	0.58	0.59	1.13	1.23	1.56
Net Debt to EBITDA	2.34	2.75	-1.42	-1.00	-0.72	-0.79	-0.48	-0.16	0.14	0.32	0.55
Long-Term Debt to EBITDA	3.20	3.76	0.75	0.64	0.60	0.61	0.58	0.59	1.13	1.23	1.56
Debt to NOPAT	5.04	5.72	1.09	0.90	0.79	0.77	0.77	0.79	1.49	1.63	2.09
Net Debt to NOPAT	3.68	4.18	-2.06	-1.40	-0.94	-0.99	-0.64	-0.21	0.18	0.43	0.74
Long-Term Debt to NOPAT	5.04	5.72	1.09	0.90	0.79	0.77	0.77	0.79	1.49	1.63	2.09
Altman Z-Score	2.68	2.75	5.83	5.46	5.20	4.65	4.12	4.40	3.39	3.19	3.01
Noncontrolling Interest Sharing Ratio	10.07%	10.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.31	2.92	4.00	4.19	4.21	3.45	3.08	2.79	2.95	2.80	2.75
Quick Ratio	1.58	1.45	2.53	2.57	2.47	2.02	1.65	1.46	1.55	1.44	1.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-374	-381	26	44	32	38	24	12	1.65	-13	-6.75
Operating Cash Flow to CapEx	298.21%	150.21%	756.03%	2,453.81%	224.70%	1,468.05%	1,688.86%	0.00%	450.62%	502.73%	4,038.44%
Free Cash Flow to Firm to Interest Expense	-90.19	-135.37	62.64	106.86	73.05	85.92	46.85	13.30	1.68	-13.38	-7.15
Operating Cash Flow to Interest Expense	1.96	2.96	66.13	77.58	14.17	60.23	79.63	26.23	17.13	16.72	13.69
Operating Cash Flow Less CapEx to Interest Expense	1.30	0.99	57.38	74.41	7.86	56.13	74.91	28.32	13.33	13.40	13.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.70	0.92	1.00	1.05	1.13	1.20	1.26	1.26	1.22	1.21
Accounts Receivable Turnover	5.54	5.01	5.98	5.41	5.50	5.75	5.92	5.68	5.79	5.43	5.14
Inventory Turnover	2.34	2.23	2.47	2.47	2.60	2.74	2.97	2.99	3.03	3.02	3.15
Fixed Asset Turnover	13.42	12.67	14.01	15.23	15.98	17.44	18.22	18.46	18.14	17.44	17.86
Accounts Payable Turnover	8.76	7.42	8.08	7.98	8.28	8.07	8.21	7.80	7.80	7.21	7.45
Days Sales Outstanding (DSO)	65.90	72.79	61.04	67.53	66.39	63.45	61.67	64.24	63.03	67.21	71.00
Days Inventory Outstanding (DIO)	155.82	163.55	147.56	147.92	140.33	133.01	122.90	122.13	120.38	120.89	115.79
Days Payable Outstanding (DPO)	41.65	49.20	45.19	45.73	44.08	45.21	44.48	46.79	46.80	50.61	49.00
Cash Conversion Cycle (CCC)	180.07	187.13	163.41	169.72	162.64	151.25	140.08	139.58	136.62	137.49	137.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	666	655	254	263	272	263	271	288	290	287	275
Invested Capital Turnover	1.19	1.16	2.00	2.03	2.12	2.32	2.45	2.45	2.43	2.39	2.40
Increase / (Decrease) in Invested Capital	394	392	-18	-26	-18	-24	-3.93	16	14	28	24
Enterprise Value (EV)	1,192	1,424	1,133	927	830	745	548	721	473	422	384
Market Capitalization	903	1,129	1,247	1,020	902	822	598	737	461	398	345
Book Value per Share	$30.06	$28.74	$29.28	$28.24	$27.17	$26.66	$25.15	$23.84	$21.75	$21.02	$18.91
Tangible Book Value per Share	($4.75)	($6.33)	$23.48	$22.53	$21.44	$20.71	$19.19	$17.74	$15.61	$14.67	$12.62
Total Capital	743	734	427	416	407	401	381	364	378	357	346
Total Debt	285	292	60	60	60	60	60	60	100	95	110
Total Long-Term Debt	285	292	60	60	60	60	60	60	100	95	110
Net Debt	208	214	-114	-94	-72	-77	-50	-16	12	25	39
Capital Expenditures (CapEx)	2.73	5.56	3.62	1.31	2.74	1.83	2.41	-1.89	3.74	3.22	0.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	190	176	127	142	157	144	145	162	175	175	169
Debt-free Net Working Capital (DFNWC)	257	245	291	286	278	271	245	227	253	245	240
Net Working Capital (NWC)	257	245	291	286	278	271	245	227	253	245	240
Net Nonoperating Expense (NNE)	0.95	4.34	0.19	-0.21	-1.95	2.65	0.61	0.06	0.70	0.60	1.10
Net Nonoperating Obligations (NNO)	208	214	-114	-94	-74	-77	-50	-16	12	25	39
Total Depreciation and Amortization (D&A)	6.98	5.82	3.64	3.44	3.71	3.35	3.39	3.34	3.27	3.26	3.29
Debt-free, Cash-free Net Working Capital to Revenue	34.05%	32.96%	24.18%	25.44%	26.30%	22.50%	21.69%	23.59%	25.35%	26.72%	26.79%
Debt-free Net Working Capital to Revenue	46.01%	45.90%	55.39%	51.12%	46.65%	42.34%	36.67%	33.05%	36.64%	37.46%	38.01%
Net Working Capital to Revenue	46.01%	45.90%	55.39%	51.12%	46.65%	42.34%	36.67%	33.05%	36.64%	37.46%	38.01%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.79	($0.26)	$1.26	$2.93	$2.45	$1.84	$3.00	$4.27	$2.24	$2.18	$2.61
Adjusted Weighted Average Basic Shares Outstanding	12.57M	12.62M	12.55M	12.62M	12.75M	12.78M	12.78M	12.78M	12.78M	12.54M	12.48M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	12.67M	12.54M	12.55M	12.55M	12.62M	12.76M	12.77M	12.78M	12.77M	12.78M	12.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	12.67M	12.54M	12.55M	12.55M	12.62M	12.76M	12.77M	12.78M	12.77M	12.78M	12.48M
Normalized Net Operating Profit after Tax (NOPAT)	17	12	9.05	19	14	18	22	17	18	17	20
Normalized NOPAT Margin	11.18%	8.16%	7.32%	14.35%	10.91%	12.91%	13.64%	10.12%	10.44%	10.23%	11.00%
Pre Tax Income Margin	15.62%	4.93%	9.05%	17.18%	15.89%	9.64%	14.98%	16.17%	10.87%	10.31%	11.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.66	3.26	24.45	53.38	45.32	27.64	47.42	31.06	19.95	18.85	22.92
NOPAT to Interest Expense	4.64	3.83	19.97	44.80	32.09	32.85	39.17	30.66	15.54	15.13	18.69
EBIT Less CapEx to Interest Expense	6.00	1.29	15.70	50.22	39.02	23.54	42.71	33.15	16.15	15.52	22.58
NOPAT Less CapEx to Interest Expense	3.98	1.85	11.22	41.64	25.78	28.74	34.46	32.75	11.74	11.80	18.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.67%	7.02%	6.37%	5.30%	4.66%	4.73%	4.53%	4.70%	5.50%	6.48%	8.77%
Augmented Payout Ratio	25.59%	39.65%	35.85%	26.88%	13.16%	4.87%	4.53%	4.70%	5.50%	7.14%	9.67%

Frequently Asked Questions About Bel Fuse's Financials

When does Bel Fuse's financial year end?

According to the most recent income statement we have on file, Bel Fuse's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bel Fuse's net income changed over the last 10 years?

Bel Fuse's net income appears to be on an upward trend, with a most recent value of $49.19 million in 2024, rising from $8.60 million in 2014. The previous period was $73.83 million in 2023. Check out Bel Fuse's forecast to explore projected trends and price targets.

What is Bel Fuse's operating income?

Bel Fuse's total operating income in 2024 was $64.30 million, based on the following breakdown:

Total Gross Profit: $202.36 million
Total Operating Expenses: $138.06 million

How has Bel Fuse revenue changed over the last 10 years?

Over the last 10 years, Bel Fuse's total revenue changed from $487.08 million in 2014 to $534.79 million in 2024, a change of 9.8%.

How much debt does Bel Fuse have?

Bel Fuse's total liabilities were at $508.63 million at the end of 2024, a 120.1% increase from 2023, and a 23.7% increase since 2014.

How much cash does Bel Fuse have?

In the past 10 years, Bel Fuse's cash and equivalents has ranged from $53.91 million in 2018 to $89.37 million in 2023, and is currently $68.25 million as of their latest financial filing in 2024.

How has Bel Fuse's book value per share changed over the last 10 years?

Over the last 10 years, Bel Fuse's book value per share changed from 18.88 in 2014 to 28.74 in 2024, a change of 52.2%.

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This page (NASDAQ:BELFB) was last updated on 5/21/2025 by MarketBeat.com Staff

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Bel Fuse (BELFB) Financials

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Bel Fuse (BELFB) Financials

Annual Income Statements for Bel Fuse

Quarterly Income Statements for Bel Fuse

Annual Cash Flow Statements for Bel Fuse

Quarterly Cash Flow Statements for Bel Fuse

Annual Balance Sheets for Bel Fuse

Quarterly Balance Sheets for Bel Fuse

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