Bel Fuse Inc (BELFA) Financials

BELFA

Trailing 12 months to June 30, 2026

Revenue $744.1M +25.3% YoY

Net Income $66.2M +11.8% YoY

Free Cash Flow $73.3M +52.7% YoY

Operating Cash Flow $83.5M +29.3% YoY

Market Cap $3.0B as of Sep 12, 2026

Price / Sales 4.1x on $744.1M revenue, trailing 12 months to June 30, 2026

Price / Earnings 45.5x on $66.2M net income, trailing 12 months to June 30, 2026

Price / Book 3.3x on $909.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BELFA SEC filings page.

Bel Fuse Inc (BELFA) reported $744.1M in revenue over the twelve months to Jun 30, 2026, up 25.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BELFA FY2025 2026-08-29

Margin expansion and cash conversion are rebuilding profitability while leverage retreats from the 2024 balance-sheet expansion.

FY2025 revenue reached $675M as gross margin reached 39.2%, so the rebound carried better economics rather than reflecting volume alone. Operating margin also rose to 16.4% from 12.0%, showing that the improvement extended beyond production costs into overall operating efficiency.

FY2025 operating cash flow of $81M exceeded net income of $74M, indicating that reported earnings were broadly realized in cash. Free cash flow remained $69M after $12M of capital spending, so reinvestment consumed only part of internally generated cash.

The 2024 balance-sheet expansion brought goodwill to $208M and long-term debt to $288M, changing the company’s financing profile. In FY2025, debt fell to $198M while equity reached $426M, making the structure less debt-dependent and lowering debt-to-equity to 0.5x from 0.8x.

Financial Health Signals

Financial Health Score 64/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Bel Fuse Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Bel Fuse Inc has an operating margin of 16.4%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 73/100, reflecting efficient cost management and pricing power. This is up from 12.0% the prior year.

Growth

Bel Fuse Inc's revenue surged 26.3% year-over-year to $675.5M, reflecting rapid business expansion. This strong growth earns a score of 41/100.

Leverage

Bel Fuse Inc has a moderate D/E ratio of 0.46. This balance of debt and equity financing earns a leverage score of 47/100.

Liquidity

With a current ratio of 3.02, Bel Fuse Inc holds $3.02 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.

Cash Flow

Bel Fuse Inc converts 10.2% of revenue into free cash flow ($68.6M). This strong cash generation earns a score of 70/100.

Returns

Bel Fuse Inc earns a strong 17.4% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is up from 13.6% the prior year.

Altman Z-Score Safe

6.39

Bel Fuse Inc scores 6.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($3.0B) relative to total liabilities ($416.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

8/8

Bel Fuse Inc passes 8 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.09x

For every $1 of reported earnings, Bel Fuse Inc generates $1.09 in operating cash flow ($80.6M OCF vs $74.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

7.52x

Bel Fuse Inc earns $7.52 in operating income for every $1 of interest expense ($111.0M vs $14.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$210.7M

YoY+25.2%

QoQ+18.0%

5Y CAGR+8.7%

10Y CAGR+4.8%

Bel Fuse Inc generated $210.7M in revenue in Q2 2026. This represents an increase of 25.2% from the same quarter a year earlier. Against the prior quarter it is up 18.0%.

EBITDA

$45.3M

YoY+24.3%

QoQ+49.7%

5Y CAGR+37.8%

Bel Fuse Inc's EBITDA was $45.3M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 24.3% from the same quarter a year earlier. Against the prior quarter it is up 49.7%.

Net Income

$25.5M

YoY-5.1%

QoQ+123.9%

5Y CAGR+26.5%

10Y CAGR+1.1%

Bel Fuse Inc reported $25.5M in net income in Q2 2026. This represents a decrease of 5.1% from the same quarter a year earlier. Against the prior quarter it is up 123.9%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$15.7M

YoY-6.6%

QoQ+40.3%

10Y CAGR+11.2%

Bel Fuse Inc generated $15.7M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 6.6% from the same quarter a year earlier. Against the prior quarter it is up 40.3%.

Cash & Debt

$306.1M

YoY+416.3%

QoQ+414.9%

5Y CAGR+35.7%

10Y CAGR+16.3%

Bel Fuse Inc held $306.1M in cash against $0 in long-term debt as of Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

39.9%

YoY+1.2pp

QoQ+0.9pp

5Y change+15.2pp

10Y change+20.3pp

Bel Fuse Inc's gross margin was 39.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.

Operating Margin

18.2%

YoY+0.5pp

QoQ+5.0pp

5Y change+13.5pp

Bel Fuse Inc's operating margin was 18.2% in Q2 2026, reflecting core business profitability. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.0 percentage points.

Net Margin

12.1%

YoY-3.9pp

QoQ+5.7pp

5Y change+6.4pp

10Y change-5.2pp

Bel Fuse Inc's net profit margin was 12.1% in Q2 2026, showing the share of revenue converted to profit. This is down 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.

Return on Equity

2.8%

YoY-3.8pp

QoQ+0.2pp

5Y change-1.2pp

10Y change-12.1pp

Bel Fuse Inc's ROE was 2.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Capital Allocation

R&D Spending

$9.0M

YoY+11.1%

QoQ+5.9%

5Y CAGR+10.5%

Bel Fuse Inc invested $9.0M in research and development in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 5.9%.

Capital Expenditures

$2.2M

YoY-42.8%

QoQ-15.0%

5Y CAGR+12.2%

10Y CAGR+0.9%

Bel Fuse Inc invested $2.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 42.8% from the same quarter a year earlier. Against the prior quarter it is down 15.0%.

Share Buybacks

Not reported for Q2 2026.

BELFA Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BELFA quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$744.1M	$675.5M+26.3%	$534.8M-16.4%	$639.8M-2.2%	$654.2M+20.4%	$543.5M+16.7%	$465.8M-5.4%	$492.4M-10.2%	$548.2M+11.5%	$491.6M-1.7%	$500.2M-11.8%	$567.1M+16.4%	$487.1M+371.5%	$103.3M+46.3%	$70.6M-76.1%	$295.1M
Cost of Revenue	$450.0M	$411.0M+23.6%	$332.4M-21.6%	$424.0M-9.9%	$470.8M+15.1%	$409.1M+18.2%	$346.0M-9.5%	$382.4M-6.5%	$408.9M+5.1%	$389.3M-2.7%	$400.2M-12.7%	$458.3M+14.6%	$399.7M+39.3%	$287.0M+19.5%	$240.1M-1.9%	$244.7M
Gross Profit	$294.1M	$264.4M+30.7%	$202.4M-6.3%	$215.8M+17.7%	$183.5M+36.5%	$134.4M+12.2%	$119.7M+8.9%	$110.0M-21.0%	$139.3M+36.1%	$102.3M+2.4%	$99.9M-8.2%	$108.8M+24.6%	$87.4M+147.6%	-$183.7M-8.3%	-$169.5M-436.5%	$50.4M
R&D Expenses	$33.1M	$30.9M+30.9%	$23.6M+4.9%	$22.5M+11.1%	$20.2M-7.6%	$21.9M-7.3%	$23.6M-12.3%	$26.9M-8.7%	$29.5M+2.4%	$28.8M+7.9%	$26.7M-3.6%	$27.7M+28.8%	$21.5M+52.5%	$14.1M+13.7%	$12.4M+3.3%	$12.0M
SG&A Expenses	$138.4M	$125.8M+13.8%	$110.6M+11.6%	$99.1M+7.3%	$92.3M+6.6%	$86.6M+10.0%	$78.7M+1.7%	$77.4M-6.3%	$82.6M-2.4%	$84.7M+19.2%	$71.0M-8.9%	$78.0M+8.2%	$72.1M+57.3%	$45.8M+15.7%	$39.6M+0.7%	$39.3M
Operating Income	$118.2M	$111.0M+72.6%	$64.3M-26.9%	$88.0M+35.0%	$65.1M+108.4%	$31.3M+67.4%	$18.7M+1270.3%	-$1.6M-105.9%	$26.9M+55.0%	$17.4M+122.7%	-$76.5M-367.5%	$28.6M+112.3%	$13.5M-10.5%	$15.0M+804.8%	$1.7M-77.5%	$7.4M
EBITDA	N/A	$137.6M+70.4%	$80.8M-20.3%	$101.3M+26.6%	$80.0M+66.3%	$48.1M+37.1%	$35.1M+135.9%	$14.9M-67.1%	$45.2M+18.5%	$38.1M+169.6%	-$54.7M-206.1%	$51.6M+52.5%	$33.8M+23.4%	$27.4M+154.5%	$10.8M-32.9%	$16.1M
Interest Expense	$10.9M	$14.8M+261.7%	$4.1M+43.1%	$2.9M-15.7%	$3.4M-4.6%	$3.5M-25.4%	$4.7M-12.9%	$5.4M+2.5%	$5.3M-21.8%	$6.8M+2.1%	$6.7M-12.2%	$7.6M+90.7%	$4.0M+2450.0%	$156K+875.0%	$16K	$0
Income Tax	$15.2M	$20.9M+66.0%	$12.6M+33.2%	$9.5M+48.6%	$6.4M+154.2%	$2.5M+480.3%	-$659K-145.7%	$1.4M-50.4%	$2.9M-86.5%	$21.5M+221.6%	-$17.7M-371.1%	$6.5M+460.0%	$1.2M+257.1%	-$743K+46.0%	-$1.4M-133.5%	$4.1M
Net Income	$66.2M	$74.1M+50.7%	$49.2M-33.4%	$73.8M+40.1%	$52.7M+112.3%	$24.8M+94.0%	$12.8M+246.3%	-$8.7M-142.2%	$20.7M+274.1%	-$11.9M+81.7%	-$64.8M-437.7%	$19.2M+123.1%	$8.6M-45.9%	$15.9M+570.4%	$2.4M-37.0%	$3.8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$210.7M+25.2%	$178.5M+17.2%	$175.9M+17.4%	$179.0M+44.8%	$168.3M+26.3%	$152.2M+18.9%	$149.9M+7.0%	$123.6M-22.1%
Cost of Revenue	$126.7M+22.8%	$108.9M+16.6%	$106.6M+13.8%	$107.8M+36.6%	$103.2M+29.3%	$93.4M+16.8%	$93.7M+5.4%	$79.0M-23.5%
Gross Profit	$84.0M+29.0%	$69.6M+18.3%	$69.4M+23.4%	$71.1M+59.2%	$65.1M+21.9%	$58.8M+22.3%	$56.2M+9.8%	$44.7M-19.5%
R&D Expenses	$9.0M+11.1%	$8.5M+17.8%	$8.0M+15.3%	$7.5M+38.7%	$8.1M+35.2%	$7.2M+38.5%	$6.9M+16.2%	$5.4M+2.9%
SG&A Expenses	$36.3M+17.4%	$36.7M+24.5%	$32.6M-6.4%	$32.8M+22.9%	$30.9M+28.1%	$29.5M+18.3%	$34.8M+39.6%	$26.7M+12.6%
Operating Income	$38.4M+28.7%	$23.7M-5.4%	$25.8M+108.3%	$30.3M+165.0%	$29.9M+32.0%	$25.0M+40.2%	$12.4M-24.9%	$11.4M-53.3%
EBITDA	$45.3M+24.3%	$30.3M-4.5%	$32.4M+79.5%	$37.0M+145.2%	$36.5M+39.9%	$31.7M+47.2%	$18.1M-18.4%	$15.1M-43.5%
Interest Expense	$1.8M-54.9%	$2.5M-39.1%	$3.0M+5.7%	$3.6M+776.8%	$4.0M+862.2%	$4.2M+856.7%	$2.8M+529.8%	$414K-19.1%
Income Tax	$3.8M-45.2%	$2.8M-48.6%	$3.1M+227.6%	$5.4M+75.3%	$6.9M+69.4%	$5.5M+22.0%	$953K-34.9%	$3.1M-28.1%
Net Income	$25.5M-5.1%	$11.4M-36.3%	$6.8M+6.0%	$22.6M+179.1%	$26.9M+42.8%	$17.9M+12.6%	$6.4M-46.6%	$8.1M-58.5%

Not reported in any period shown, so not listed: EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

BELFA Balance Sheet

BELFA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$935.2M-1.5%	$949.8M+66.2%	$571.6M+2.0%	$560.5M+9.5%	$511.8M+12.8%	$453.9M-3.2%	$468.9M+5.7%	$443.5M+2.8%	$431.3M+1.1%	$426.7M-26.2%	$578.5M-8.2%	$630.4M+104.6%	$308.1M+12.0%	$275.2M-0.6%	$276.9M
Current Assets	$384.8M+3.0%	$373.5M-2.1%	$381.5M0.0%	$381.4M+15.9%	$329.0M+17.4%	$280.2M-1.0%	$283.2M-2.5%	$290.5M+9.2%	$266.1M+4.2%	$255.4M-8.9%	$280.5M-9.7%	$310.7M+52.2%	$204.2M+6.9%	$190.9M-8.1%	$207.7M
Cash & Equivalents	$57.8M-15.3%	$68.3M-23.6%	$89.4M+27.2%	$70.3M+13.8%	$61.8M-27.3%	$84.9M+17.5%	$72.3M+34.1%	$53.9M-22.3%	$69.4M-5.5%	$73.4M-13.7%	$85.0M+10.2%	$77.1M+24.2%	$62.1M-12.8%	$71.3M-19.2%	$88.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$2K-100.0%	$5.7M
Inventory	$167.3M+3.7%	$161.4M+18.2%	$136.5M-20.8%	$172.5M+23.7%	$139.4M+39.2%	$100.1M-6.7%	$107.3M-10.7%	$120.1M+11.5%	$107.7M+8.9%	$98.9M+0.4%	$98.5M-13.3%	$113.6M+62.3%	$70.0M+27.5%	$54.9M+2.9%	$53.4M
Accounts Receivable	$121.5M+9.1%	$111.4M+32.4%	$84.1M-21.6%	$107.3M+23.1%	$87.1M+22.1%	$71.4M-6.2%	$76.1M-17.2%	$91.9M+16.7%	$78.8M+5.9%	$74.4M-13.7%	$86.3M-13.4%	$99.6M+56.0%	$63.8M+49.0%	$42.9M+9.6%	$39.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$214.8M+3.3%	$208.0M+680.9%	$26.6M+6.1%	$25.1M-5.8%	$26.7M+11.2%	$24.0M+9.0%	$22.0M+11.0%	$19.8M-1.8%	$20.2M+12.4%	$18.0M-85.2%	$121.6M+2.8%	$118.4M+540.2%	$18.5M+36.4%	$13.6M+225.7%	$4.2M
Total Liabilities	$416.5M-18.1%	$508.6M+120.1%	$231.1M-22.5%	$298.1M-1.6%	$303.1M+13.1%	$268.1M-10.9%	$300.9M+12.7%	$267.1M-2.3%	$273.3M+1.9%	$268.3M-22.3%	$345.4M-16.0%	$411.1M+417.6%	$79.4M+32.8%	$59.8M+7.2%	$55.8M
Current Liabilities	$127.4M-0.5%	$128.1M+15.8%	$110.6M-18.9%	$136.3M+21.7%	$112.0M+28.0%	$87.5M-3.0%	$90.2M-14.9%	$106.0M+21.5%	$87.3M-5.4%	$92.3M-24.2%	$121.9M0.0%	$121.8M+81.8%	$67.0M+44.4%	$46.4M+9.3%	$42.4M
Non-Current Liabilities	$289.1M-24.0%	$380.6M+215.9%	$120.5M-25.6%	$161.8M-15.3%	$191.1M+5.8%	$180.5M-14.3%	$210.6M+30.8%	$161.0M-13.4%	$186.0M+5.7%	$176.0M-21.3%	$223.5M-22.7%	$289.3M+2222.6%	$12.5M-7.3%	$13.4M+0.2%	$13.4M
Long-Term Debt	$197.5M-31.3%	$287.5M+379.2%	$60.0M-36.8%	$95.0M-15.6%	$112.5M+2.0%	$110.3M-20.2%	$138.2M+23.7%	$111.7M-7.0%	$120.1M-7.5%	$129.8M-18.2%	$158.8M-27.6%	$219.2M	$0	N/A	N/A
Total Equity	$425.5M+18.0%	$360.6M+5.9%	$340.6M+29.8%	$262.3M+25.7%	$208.7M+12.3%	$185.8M+10.6%	$168.1M-4.8%	$176.5M+11.7%	$158.0M-0.3%	$158.4M-32.0%	$233.1M+3.9%	$224.3M-1.9%	$228.7M+6.2%	$215.4M-2.6%	$221.1M
Retained Earnings	$403.1M+16.8%	$345.0M+12.2%	$307.5M+29.6%	$237.2M+26.2%	$187.9M+12.9%	$166.5M+6.0%	$157.1M-6.9%	$168.7M+14.1%	$147.8M-8.4%	$161.3M-29.7%	$229.4M+7.5%	$213.4M+2.6%	$208.0M+6.6%	$195.2M-0.4%	$196.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.3B+33.0%	$951.9M+62.9%	$935.2M-1.5%	$952.8M+63.0%	$950.6M+67.5%	$584.4M+5.2%	$949.8M+66.2%	$584.4M+4.5%
Current Assets	$698.7M+84.5%	$397.2M+7.8%	$384.8M+3.0%	$387.7M0.0%	$378.6M+0.7%	$368.4M+1.1%	$373.5M-2.1%	$387.6M+6.8%
Cash & Equivalents	$306.1M+416.3%	$59.4M-9.8%	$57.8M-15.3%	$57.7M-57.0%	$59.3M-30.2%	$65.9M-7.6%	$68.3M-23.6%	$134.3M+34.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$200.2M+21.6%	$181.2M+10.0%	$167.3M+3.7%	$166.1M+33.0%	$164.6M+28.7%	$164.8M+26.3%	$161.4M+18.2%	$124.9M-10.8%
Accounts Receivable	$155.9M+28.6%	$120.0M+15.8%	$121.5M+9.1%	$126.0M+65.8%	$121.2M+49.4%	$103.6M+24.2%	$111.4M+32.4%	$76.0M-19.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$217.6M+3.0%	$224.8M+8.1%	$214.8M+3.3%	$214.6M+697.3%	$211.3M+731.3%	$208.0M+720.8%	$208.0M+680.9%	$26.9M+5.7%
Total Liabilities	$252.2M-45.7%	$416.2M+100.6%	$416.5M-18.1%	$443.8M+104.5%	$464.9M+120.1%	$207.5M-0.6%	$508.6M+120.1%	$217.1M-8.7%
Current Liabilities	$155.9M+25.7%	$124.7M+12.1%	$127.4M-0.5%	$126.8M+30.8%	$124.1M+38.2%	$111.2M+28.6%	$128.1M+15.8%	$96.9M-17.7%
Non-Current Liabilities	$96.3M-71.7%	$291.5M+202.7%	$289.1M-24.0%	$317.0M+163.8%	$340.8M+180.6%	$96.3M-21.2%	$380.6M+215.9%	$120.2M+0.2%
Long-Term Debt	$0-100.0%	$204.5M	$197.5M-31.3%	$225.0M+275.0%	$250.0M+316.7%	N/A	$287.5M+379.2%	$60.0M0.0%
Total Equity	$909.4M+124.7%	$438.9M+16.5%	$425.5M+18.0%	$427.8M+16.4%	$404.7M+13.6%	$376.9M+8.7%	$360.6M+5.9%	$367.4M+14.3%
Retained Earnings	$438.2M+12.9%	$413.6M+14.2%	$403.1M+16.8%	$409.4M+17.7%	$388.0M+14.0%	$362.0M+12.3%	$345.0M+12.2%	$347.7M+17.3%

BELFA Cash Flow Statement

BELFA quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$83.5M	$80.6M+8.8%	$74.1M-31.6%	$108.3M+169.1%	$40.3M+769.1%	$4.6M-90.0%	$46.1M+88.6%	$24.4M+142.2%	$10.1M-58.1%	$24.1M-37.5%	$38.6M-41.3%	$65.8M+193.0%	$22.5M+112.2%	$10.6M-8.9%	$11.6M-61.6%	$30.3M
Depreciation & Amortization	N/A	$26.6M+61.6%	$16.5M+23.6%	$13.3M-10.4%	$14.9M-11.8%	$16.9M+2.7%	$16.4M-0.3%	$16.5M-9.5%	$18.2M-12.1%	$20.7M-4.9%	$21.8M-5.4%	$23.0M+13.0%	$20.4M+64.5%	$12.4M+35.9%	$9.1M+5.1%	$8.7M
Stock-Based Compensation	N/A	$6.8M+82.2%	$3.7M+7.3%	$3.5M+46.3%	$2.4M+3.6%	$2.3M-0.8%	$2.3M-19.7%	$2.9M+1.9%	$2.8M-6.4%	$3.0M+7.6%	$2.8M+0.1%	$2.8M+3.6%	$2.7M+44.6%	$1.9M+6.3%	$1.8M+3.4%	$1.7M
Capital Expenditures	$10.2M	$12.0M-14.9%	$14.1M+16.3%	$12.1M+37.3%	$8.8M-6.0%	$9.4M+71.6%	$5.5M-44.6%	$9.9M-14.7%	$11.6M+80.5%	$6.4M-21.9%	$8.2M-16.9%	$9.9M+9.4%	$9.0M+30.3%	$6.9M+46.3%	$4.7M+62.0%	$2.9M
Free Cash Flow	$73.3M	$68.6M+14.4%	$60.0M-37.7%	$96.2M+206.2%	$31.4M+759.5%	-$4.8M-111.7%	$40.6M+179.1%	$14.6M+1072.5%	-$1.5M-108.5%	$17.7M-41.8%	$30.4M-45.7%	$55.9M+316.7%	$13.4M+268.4%	$3.6M-47.0%	$6.9M-74.9%	$27.3M
Investing Cash Flow	-$21.7M	-$3.2M+98.9%	-$297.9M-456.4%	-$53.5M-664.9%	-$7.0M+62.9%	-$18.9M-1146.1%	-$1.5M+95.4%	-$33.1M-141.6%	-$13.7M-115.7%	-$6.3M-166.3%	-$2.4M+75.7%	-$9.8M	N/A	-$26.2M-38.8%	-$18.9M+16.1%	-$22.5M
Financing Cash Flow	$182.0M	-$94.1M-145.6%	$206.3M+634.4%	-$38.6M-81.5%	-$21.3M-153.1%	-$8.4M+73.9%	-$32.1M-227.4%	$25.2M+305.0%	-$12.3M+49.4%	-$24.3M+48.8%	-$47.5M+2.7%	-$48.8M	N/A	$6.0M+161.1%	-$9.9M-208.5%	-$3.2M
Dividends Paid	$3.5M	$3.5M+0.3%	$3.5M-1.1%	$3.5M+2.3%	$3.4M+1.0%	$3.4M+0.5%	$3.4M+0.3%	$3.4M+1.7%	$3.3M+0.4%	$3.3M+1.1%	$3.2M+0.2%	$3.2M+2.5%	$3.2M+1.6%	$3.1M-3.5%	$3.2M+0.6%	$3.2M
Share Buybacks	N/A	$0-100.0%	$16.1M+15188.6%	$105K-69.9%	$349K	$0	$0-100.0%	$448K	N/A	N/A	N/A	$0	$0-100.0%	$3.4M-49.5%	$6.6M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$17.9M-13.4%	$13.8M+69.7%	$29.6M+254.4%	$22.2M-19.0%	$20.7M-35.6%	$8.1M+32.5%	$8.3M-69.0%	$27.4M-32.9%
Depreciation & Amortization	$6.9M+4.7%	$6.6M-0.9%	$6.7M+16.8%	$6.7M+82.9%	$6.6M+91.9%	$6.7M+81.4%	$5.7M+70.1%	$3.6M+65.3%
Stock-Based Compensation	N/A	$2.1M+76.2%	N/A	N/A	N/A	$1.2M+46.6%	N/A	N/A
Capital Expenditures	$2.2M-42.8%	$2.6M-5.3%	$3.4M-44.8%	$1.9M-48.7%	$3.9M+191.2%	$2.8M-4.7%	$6.2M+151.4%	$3.6M+40.7%
Free Cash Flow	$15.7M-6.6%	$11.2M+108.8%	$26.1M+1120.5%	$20.3M-14.4%	$16.8M-45.6%	$5.4M+66.3%	$2.1M-91.2%	$23.7M-37.8%
Investing Cash Flow	-$2.2M-261.9%	-$17.9M-482.9%	-$2.4M+99.2%	$829K-96.7%	$1.4M+113.4%	-$3.1M+80.3%	-$297.3M-600.2%	$25.4M+669.7%
Financing Cash Flow	$230.1M+830.2%	$6.2M+174.0%	-$28.5M-112.6%	-$25.8M-755.1%	-$31.5M-261.0%	-$8.3M-17.0%	$225.1M+20436.8%	-$3.0M-263.1%
Dividends Paid	$844K+1.6%	$840K+1.3%	$971K+0.5%	$834K+2.6%	$831K-0.7%	$829K-1.0%	$966K-3.6%	$813K-2.3%
Share Buybacks	N/A	N/A	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$1.9M

BELFA Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BELFA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	39.1%+1.3pp	37.8%+4.1pp	33.7%+5.7pp	28.0%+3.3pp	24.7%-1.0pp	25.7%+3.4pp	22.3%-3.1pp	25.4%+4.6pp	20.8%+0.8pp	20.0%+0.8pp	19.2%+1.3pp	17.9%	-177.8%	-240.1%	17.1%
Operating Margin	16.4%+4.4pp	12.0%-1.7pp	13.8%+3.8pp	10.0%+4.2pp	5.8%+1.7pp	4.0%+4.3pp	-0.3%-5.2pp	4.9%+1.4pp	3.5%+18.8pp	-15.3%-20.3pp	5.0%+2.3pp	2.8%-11.8pp	14.6%+12.2pp	2.4%-0.2pp	2.5%
Net Margin	11.0%+1.8pp	9.2%-2.3pp	11.5%+3.5pp	8.1%+3.5pp	4.6%+1.8pp	2.8%+4.5pp	-1.8%-5.6pp	3.8%+6.2pp	-2.4%+10.5pp	-13.0%-16.3pp	3.4%+1.6pp	1.8%-13.6pp	15.4%+12.0pp	3.4%+2.1pp	1.3%
Return on Equity	17.4%+3.8pp	13.6%-8.0pp	21.7%+1.6pp	20.1%+8.2pp	11.9%+5.0pp	6.9%+12.1pp	-5.2%-16.9pp	11.7%+19.3pp	-7.5%+33.4pp	-40.9%-49.1pp	8.2%+4.4pp	3.8%-3.1pp	7.0%+5.9pp	1.1%-0.6pp	1.7%
Return on Assets	7.9%+2.7pp	5.2%-7.7pp	12.9%+3.5pp	9.4%+4.5pp	4.9%+2.0pp	2.8%+4.7pp	-1.9%-6.5pp	4.7%+7.4pp	-2.8%+12.4pp	-15.2%-18.5pp	3.3%+2.0pp	1.4%-3.8pp	5.2%+4.3pp	0.9%-0.5pp	1.4%
Current Ratio	3.02+0.1x	2.92-0.5x	3.45+0.7x	2.80-0.1x	2.94-0.3x	3.20+0.1x	3.14+0.4x	2.74-0.3x	3.05+0.3x	2.77+0.5x	2.30-0.2x	2.55-0.5x	3.05-1.1x	4.12-0.8x	4.90
Debt-to-Equity	0.46-0.3x	0.80+0.6x	0.18-0.2x	0.36-0.2x	0.54-0.1x	0.59-0.2x	0.82+0.2x	0.63-0.1x	0.76-0.1x	0.82+0.1x	0.68-0.3x	0.98+1.0x	0.00-0.3x	0.280.0x	0.25
Asset Turnover	0.72+0.2x	0.56-0.6x	1.120.0x	1.17+0.1x	1.060.0x	1.030.0x	1.05-0.2x	1.24+0.1x	1.140.0x	1.17+0.2x	0.98+0.2x	0.77+0.4x	0.34+0.1x	0.26-0.8x	1.07
FCF Margin	10.2%-1.1pp	11.2%-3.8pp	15.0%+10.2pp	4.8%+5.7pp	-0.9%-9.6pp	8.7%+5.8pp	3.0%+3.2pp	-0.3%-3.9pp	3.6%-2.5pp	6.1%-3.8pp	9.9%+7.1pp	2.8%-0.8pp	3.5%-6.2pp	9.7%+0.5pp	9.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	39.9%+1.2pp	39.0%+0.4pp	39.4%+1.9pp	39.8%+3.6pp	38.7%-1.4pp	38.6%+1.1pp	37.5%+1.0pp	36.1%+1.2pp
Operating Margin	18.2%+0.5pp	13.3%-3.2pp	14.6%+6.4pp	17.0%+7.7pp	17.7%+0.8pp	16.4%+2.5pp	8.3%-3.5pp	9.3%-6.2pp
Net Margin	12.1%-3.9pp	6.4%-5.4pp	3.9%-0.4pp	12.6%+6.1pp	16.0%+1.8pp	11.7%-0.6pp	4.3%-4.3pp	6.5%-5.7pp
Return on Equity	2.8%-3.8pp	2.6%-2.1pp	1.6%-0.2pp	5.3%+3.1pp	6.6%+1.4pp	4.7%+0.2pp	1.8%-1.7pp	2.2%-3.9pp
Return on Assets	2.0%-0.8pp	1.2%-1.9pp	0.7%+0.1pp	2.4%+1.0pp	2.8%-0.5pp	3.1%+0.2pp	0.7%-1.4pp	1.4%-2.1pp
Current Ratio	4.48+1.4x	3.18-0.1x	3.02+0.1x	3.06-0.9x	3.05-1.1x	3.31-0.9x	2.92-0.5x	4.00+0.9x
Debt-to-Equity	0.00-0.6x	0.47-0.1x	0.46-0.3x	0.53+0.4x	0.62+0.4x	0.55+0.4x	0.80+0.6x	0.160.0x
Asset Turnover	0.170.0x	0.19-0.1x	0.190.0x	0.190.0x	0.18-0.1x	0.260.0x	0.16-0.1x	0.21-0.1x
FCF Margin	7.4%-2.5pp	6.3%+2.8pp	14.9%+13.4pp	11.3%-7.9pp	10.0%-13.2pp	3.5%+1.0pp	1.4%-16.0pp	19.2%-4.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Bel Fuse Inc BELFA	FY2025	$675.5M	$74.1M	11.0%	$3.0B	64/100
Bel Fuse Inc BELFB	FY2025	$675.5M	$74.1M	11.0%	$3.5B	64/100
KNOWLES CORPORATION KN	FY2025	$593.2M	$44.2M	7.4%	$3.0B	56/100
Ouster, Inc. OUST	FY2025	$169.4M	-$60.4M	-35.6%	$2.5B	66/100
Rogers Corporation ROG	FY2025	$810.8M	-$61.8M	-7.6%	$2.4B	51/100
Benchmark Electronics BHE	FY2025	$2.7B	$24.9M	0.9%	$2.7B	57/100

Where Bel Fuse Inc Ranks

Frequently Asked Questions

What is Bel Fuse Inc's annual revenue?

Bel Fuse Inc (BELFA) reported $675.5M in total revenue for fiscal year 2025. This represents a 26.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Bel Fuse Inc's revenue growing?

Bel Fuse Inc (BELFA) revenue grew by 26.3% year-over-year, from $534.8M to $675.5M in fiscal year 2025.

Is Bel Fuse Inc profitable?

Yes, Bel Fuse Inc (BELFA) reported a net income of $74.1M in fiscal year 2025, with a net profit margin of 11.0%.

What is Bel Fuse Inc's EBITDA?

Bel Fuse Inc (BELFA) had EBITDA of $137.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Bel Fuse Inc have?

As of fiscal year 2025, Bel Fuse Inc (BELFA) had $57.8M in cash and equivalents against $197.5M in long-term debt.

What is Bel Fuse Inc's gross margin?

Bel Fuse Inc (BELFA) had a gross margin of 39.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Bel Fuse Inc's operating margin?

Bel Fuse Inc (BELFA) had an operating margin of 16.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Bel Fuse Inc's net profit margin?

Bel Fuse Inc (BELFA) had a net profit margin of 11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Bel Fuse Inc's return on equity (ROE)?

Bel Fuse Inc (BELFA) has a return on equity of 17.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Bel Fuse Inc's free cash flow?

Bel Fuse Inc (BELFA) generated $68.6M in free cash flow during fiscal year 2025. This represents a 14.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Bel Fuse Inc's operating cash flow?

Bel Fuse Inc (BELFA) generated $80.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Bel Fuse Inc's total assets?

Bel Fuse Inc (BELFA) had $935.2M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Bel Fuse Inc's capital expenditures?

Bel Fuse Inc (BELFA) invested $12.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Bel Fuse Inc spend on research and development?

Bel Fuse Inc (BELFA) invested $30.9M in research and development during fiscal year 2025.

What is Bel Fuse Inc's current ratio?

Bel Fuse Inc (BELFA) had a current ratio of 3.02 as of fiscal year 2025, which is generally considered healthy.

What is Bel Fuse Inc's debt-to-equity ratio?

Bel Fuse Inc (BELFA) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Bel Fuse Inc's return on assets (ROA)?

Bel Fuse Inc (BELFA) had a return on assets of 7.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Bel Fuse Inc's P/E ratio?

Bel Fuse Inc (BELFA) trades at 45.5x earnings, its market capitalization divided by net income of $66.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Bel Fuse Inc's price-to-sales ratio?

Bel Fuse Inc (BELFA) trades at 4.1x sales, its market capitalization divided by revenue of $744.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.0B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Bel Fuse Inc's Altman Z-Score?

Bel Fuse Inc (BELFA) has an Altman Z-Score of 6.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Bel Fuse Inc's Piotroski F-Score?

Bel Fuse Inc (BELFA) has a Piotroski F-Score of 8 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Bel Fuse Inc's earnings high quality?

Bel Fuse Inc (BELFA) has an earnings quality ratio of 1.09x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Bel Fuse Inc cover its interest payments?

Bel Fuse Inc (BELFA) has an interest coverage ratio of 7.52x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Bel Fuse Inc?

Bel Fuse Inc (BELFA) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.