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MARKETS / NASDAQ / BELFA
NASDAQ · ELECTRONIC COILS, TRANSFORMERS & OTHER INDUCTORS · LARGE CAP

BEL Fuse Inc. BELFA

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$675.5M
▲ 26.3% YoY
$61.5M
▲ 50.2% YoY
$68.6M
▲ 14.4% YoY
In brief

What this company does

Bel Fuse Inc. designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. On December 31, 2025, it employed approximately 4,964 associates, almost all of which were full-time, across 15 countries, with 32% located within North America. In 2025, no direct customer accounted for more than 10% of its consolidated net sales, though there were key customers and end markets within each of its three product groups. It groups its products into Power Solutions & Protection, which represented 53% of net sales in 2025, Connectivity Solutions, 34%, and Magnetic Solutions, 13%. It offers a line of high speed and harsh-environment copper and optical fiber connectors and integrated assemblies, providing connectivity for applications across industries including commercial aerospace, military communications, defense, network infrastructure and structured building cabling. Its Power Transformers include standard and custom designs for use in a wide array of applications, including industrial instrumentation, alarm and security systems, motion control, elevators, and medical products. The Company was incorporated in 1949 and is organized under New Jersey law.

Written from the business description in BEL FUSE INC /NJ's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 675.5M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 675.5 · Net income 61.5
250.0M500.0M200920112013201520172019202120232025
Compound annual growth
+1.1%
+7.7%
+1.8%
+5.5%
+5.3%
+36.9%
+12.4%
+10.6%
−2.7%
+0.6%
+0.7%
+0.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.7% a year over five years — but profit grew faster: net income at +36.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
11 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 16.4% · Net 11.0%
5%10%15%-5%-10%-15%200920112013201520172019202120232025
ROE
FY2025 · ROE 15.7%
10%20%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders
USD 3.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 68.6
40M80M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 3.5 · Net buybacks 0.0
8M16MDividendsNet buybacks200920112013201520172019202120232025

USD 3.5M in dividends — 6% of the year's profit went back to shareholders.

Total assetsUSD 935.2M
EquityUSD 425.5M
CashUSD 57.8M
Gross debtUSD 197.5M
Net debtUSD 139.7M
Current ratio3.02×

Net debt stands at 33% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.70.50.60.70.50.50.50.50.50.50.60.50.30.10.30.30.2
Operating income $B0.10.10.10.10.00.0−0.00.00.0−0.10.00.00.00.00.00.0−0.0
EBITDA $B0.10.10.10.10.00.00.00.00.0−0.10.10.00.00.00.00.0−0.0
Income tax $B0.00.00.00.00.0−0.00.00.00.0−0.00.00.0−0.0−0.00.00.0−0.0
Net income $B0.10.00.10.10.00.0−0.00.0−0.0−0.10.00.00.00.00.00.0−0.0
Free cash flow $B0.10.10.10.0−0.00.00.0−0.00.00.00.10.00.00.00.00.00.0
EPS, diluted $·················
Dividend / sh $·················
Payout %68561426−3816−28−51737201368523−38
ROE %15.711.724.522.412.67.2−5.112.4−7.5−33.18.43.87.21.11.76.4−4.0

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 61 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 29 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectronic Coils, Transformers & Other Inductors
Listed onNASDAQ
Incorporated inNew Jersey
Fiscal year endsDecember 31
Data on record since2009

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