Revenue
$675.46M
Fiscal year ended 2025-12-31Operating income
$111.00M
Fiscal year ended 2025-12-31Free cash flow
$68.61M
Fiscal year ended 2025-12-31BEL FUSE INC /NJ (BELFA) reported revenue of $675.46M and net income of $61.54M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from BEL FUSE INC /NJ’s SEC filings, each linked to the filing it came from.
Income
| Metric | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $675.46M | $534.79M | $639.81M | $654.23M | $543.49M | $465.77M | $492.41M | $548.18M | $491.61M | $500.15M |
| Cost of revenue | $411.04M | $332.43M | $423.96M | $470.78M | $409.11M | $346.04M | $382.44M | $408.93M | $389.26M | $400.24M |
| Gross profit | $264.42M | $202.36M | $215.85M | $183.45M | $134.38M | $119.73M | $109.97M | $139.26M | $102.35M | $99.91M |
| Operating income | $111.00M | $64.30M | $87.98M | $65.15M | $31.26M | $18.67M | -$1.60M | $26.95M | $17.39M | -$76.51M |
| Net income | $61.54M | $40.96M | $73.83M | $52.69M | $24.82M | $12.80M | -$8.74M | $20.71M | -$11.90M | -$64.83M |
| Research & development | $30.87M | $23.59M | $22.49M | $20.24M | $21.89M | $23.61M | $26.92M | $29.49M | $28.80M | $26.70M |
| Weighted-average diluted shares | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $95.05M | $61.81M | $83.30M | $59.06M | $27.33M | $12.14M | -$7.30M | $23.62M | $9.64M | -$82.55M |
| Income tax expense | $20.94M | $12.62M | $9.47M | $6.37M | $2.51M | -$659.00K | $1.44M | $2.91M | $21.54M | -$17.72M |
| Diluted EPS | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | $125.83M | $110.62M | $99.09M | $92.34M | $86.61M | $78.70M | $77.42M | $82.60M | $84.66M | $71.00M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $57.80M | $68.25M | $89.37M | $70.27M | $61.76M | $84.94M | $72.29M | $53.91M | $69.35M | $73.41M |
| Total assets | $935.20M | $949.79M | $571.63M | $560.47M | $511.85M | $453.87M | $468.92M | $443.52M | $431.26M | $426.74M |
| Current assets | $384.76M | $373.53M | $381.48M | $381.41M | $329.02M | $280.22M | $283.18M | $290.51M | $266.10M | $255.44M |
| Total liabilities | $416.53M | $508.63M | $231.07M | $298.12M | $303.10M | $268.07M | $300.87M | $267.05M | $273.30M | $268.31M |
| Current liabilities | $127.44M | $128.07M | $110.61M | $136.30M | $112.01M | $87.54M | $90.22M | $106.03M | $87.30M | $92.33M |
| Total equity incl. NCI | $425.51M | $360.58M | $340.56M | $262.35M | $208.74M | $185.80M | $168.05M | $176.47M | $157.96M | $158.43M |
| Temporary (mezzanine) equity | $93.16M | $80.59M | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $167.27M | $161.37M | $136.54M | $172.46M | $139.38M | $100.13M | $107.28M | $120.07M | $107.72M | $98.87M |
| Accounts receivable | $121.49M | $111.38M | $84.13M | $107.27M | $87.14M | $71.37M | $76.09M | $91.94M | $78.81M | $74.42M |
| Goodwill | $214.82M | $208.04M | $26.64M | $25.10M | $26.65M | $23.97M | $21.99M | $19.82M | $20.18M | $17.95M |
| Long-term debt | $197.50M | $287.50M | $60.00M | $95.00M | $112.50M | $110.29M | $138.22M | $111.70M | $120.05M | $129.85M |
| Accounts payable | $52.99M | $49.18M | $40.44M | $64.59M | $65.96M | $39.77M | $44.17M | $56.17M | $47.95M | $47.24M |
Cash flow
| Metric | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $80.61M | $74.06M | $108.35M | $40.26M | $4.63M | $46.11M | $24.45M | $10.10M | $24.12M | $38.60M |
| Capital expenditures | $12.00M | $14.11M | $12.13M | $8.83M | $9.40M | $5.48M | $9.89M | $11.59M | $6.42M | $8.22M |
| Investing cash flow | -$3.25M | -$297.89M | -$53.54M | -$7.00M | -$18.88M | -$1.52M | -$33.09M | -$13.69M | -$6.35M | -$2.38M |
| Financing cash flow | -$94.15M | $206.26M | -$38.60M | -$21.26M | -$8.40M | -$32.14M | $25.23M | -$12.31M | -$24.32M | -$47.48M |
| Net change in cash | -$10.45M | -$21.12M | $19.10M | $8.51M | -$23.18M | $12.65M | $18.38M | -$15.44M | -$4.06M | -$11.63M |
| Stock-based compensation | $6.81M | $3.74M | $3.49M | $2.38M | $2.30M | $2.32M | $2.89M | $2.84M | $3.03M | $2.82M |
| Common dividends paid | $3.46M | $3.45M | $3.49M | $3.41M | $3.38M | $3.36M | $3.35M | $3.30M | $3.28M | $3.24M |
| Common share repurchases | $0 | $16.05M | $105.00K | $349.00K | $0 | $0 | $448.00K | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $26.59M | $16.46M | $13.31M | $14.86M | $16.86M | $16.42M | $16.47M | $18.21M | $20.72M | $21.78M |
Derived
| Metric | 2025-12-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $68.61M | $59.96M | $96.22M | $31.42M | -$4.76M | $40.63M | $14.56M | -$1.50M | $17.70M | $30.38M |
| Gross margin | 39.1% | 37.8% | 33.7% | 28.0% | 24.7% | 25.7% | 22.3% | 25.4% | 20.8% | 20.0% |
| Operating margin | 16.4% | 12.0% | 13.8% | 10.0% | 5.8% | 4.0% | -0.3% | 4.9% | 3.5% | -15.3% |
| FCF margin | 10.2% | 11.2% | 15.0% | 4.8% | -0.9% | 8.7% | 3.0% | -0.3% | 3.6% | 6.1% |
| SBC / revenue | 1.0% | 0.7% | 0.5% | 0.4% | 0.4% | 0.5% | 0.6% | 0.5% | 0.6% | 0.6% |
| Current ratio | 3.02x | 2.92x | 3.45x | 2.80x | 2.94x | 3.20x | 3.14x | 2.74x | 3.05x | 2.77x |
| Revenue YoY growth | 26.3% | -16.4% | -2.2% | 20.4% | 16.7% | -5.4% | -10.2% | 11.5% | -1.7% | Unavailable |
| Net margin | 9.1% | 7.7% | 11.5% | 8.1% | 4.6% | 2.7% | -1.8% | 3.8% | -2.4% | -13.0% |
| R&D / revenue | 4.6% | 4.4% | 3.5% | 3.1% | 4.0% | 5.1% | 5.5% | 5.4% | 5.9% | Unavailable |
| CapEx / revenue | 1.8% | 2.6% | 1.9% | 1.3% | 1.7% | 1.2% | 2.0% | 2.1% | 1.3% | 1.6% |
| Long-term debt / equity | 0.46x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 22.0% | 20.4% | 11.4% | 10.8% | 9.2% | -5.4% | Unavailable | 12.3% | 223.4% | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BELFA in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-07-31View SEC filing
10-Q · Filed 2025-05-01View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.