BELFUSE INC /NJ

EDGAR

Annual consolidated revenue for 2025: about USD 675.5M, using the latest reported figures. The previous period, 2024, was about USD 534.8M.

Watchlist

Latest quarter

Revenue

211 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

18.24%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 38419000 USD Source
  • Revenue: 210685000 USD Source

Operating cash flow

17.9 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 31762000 USD Source
  • Operating Cash Flow: 13828000 USD Source

Free cash flow

15.7 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 31762000 USD Source
  • Operating Cash Flow: 13828000 USD Source
  • Capital Expenditure: 4890000 USD Source
  • Capital Expenditure: 2643000 USD Source
Cash and cash equivalents
306 million USD Source
Exact value

306106000 USD

Long-term debt including current maturities
198 million USD Source
Exact value

197500000 USD

Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-28.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • Total liabilities: 7 of 11 periods available· newest 2025-12-31
  • Current assets: 7 of 11 periods available· newest 2025-12-31
  • Current liabilities: 7 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 6 of 11 periods available· newest 2025-12-31
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +26.3%

    Prior period

    USD 534.79 million

    –

    Current period

    USD 675.46 million

    –

    Exact inputs and evidence

    675455000 − 534792000 = 140663000 USD

    534792000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    675455000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +50.2%

    Prior period

    USD 40.96 million

    –

    Current period

    USD 61.54 million

    –

    Exact inputs and evidence

    61536000 − 40960000 = 20576000 USD

    40960000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    61536000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +8.8%

    Prior period

    USD 74.06 million

    –

    Current period

    USD 80.61 million

    –

    Exact inputs and evidence

    80612000 − 74064000 = 6548000 USD

    74064000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    80612000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -14.9%

    Prior period

    USD 14.11 million

    –

    Current period

    USD 12 million

    –

    Exact inputs and evidence

    12002000 − 14108000 = -2106000 USD

    14108000 USD · 2024-01-01 – 2024-12-31

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    12002000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 675.46 million 100% of revenue
  • Cost of revenue USD 411.04 million 61% of revenue
  • Operating expenses USD 156.73 million 23% of revenue
  • Operating income USD 111 million 16% of revenue
  • Tax, interest and other Derived USD 49.46 million 7.3% of revenue
  • Net income USD 61.54 million 9.1% of revenue

Cash

  • Operating cash flow USD 80.61 million 12% of revenue
  • Capital expenditure USD 12 million 1.8% of revenue
  • Free cash flow Derived USD 68.61 million 10% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Operating loss: operating costs were 100% of revenue.
  • 2020 96%
  • 2021 94%
  • 2022 90%
  • 2023 12%86%
  • 2024 88%
  • 2025 9.1%84%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-31492412000 494007000 Derived -1595000 7148000 Derived -8743000 14559000 Derived
Source
2020 2020-01-01 – 2020-12-31465771000 447104000 Derived 18667000 5872000 Derived 12795000 40632000 Derived
Source
2021 2021-01-01 – 2021-12-31543494000 512237000 Derived 31257000 6436000 Derived 24821000 -4765000 Derived
Source
2022 2022-01-01 – 2022-12-31654233000 589086000 Derived 65147000 12458000 Derived 52689000 31425000 Derived
Source
2023 2023-01-01 – 2023-12-31639813000 551837000 Derived 87976000 14145000 Derived 73831000 96223000 Derived
Source
2024 2024-01-01 – 2024-12-31534792000 470495000 Derived 64297000 23337000 Derived 40960000 59956000 Derived
Source
2025 2025-01-01 – 2025-12-31675455000 564459000 Derived 110996000 49460000 Derived 61536000 68610000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 675.5M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.729.5M547.1M364.7M182.4M0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue492412000
2020Revenue465771000
2021Revenue543494000
2022Revenue654233000
2023Revenue639813000
2024Revenue534792000
2025Revenue675455000

Revenue growth

Change in revenue from the same financial period one year earlier.

26.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.30%17%5%-7%-20%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-5.4%
2021Year over year16.7%
2022Year over year20.4%
2023Year over year-2.2%
2024Year over year-16.4%
2025Year over year26.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16.4% 2025
Net margin 9.1% 2025
Free cash flow margin 10.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.9%12.6%7.3%2.0%-3.2%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin-0.3%
2020Operating margin4%
2021Operating margin5.8%
2022Operating margin10%
2023Operating margin13.8%
2024Operating margin12%
2025Operating margin16.4%
2019Net margin-1.8%
2020Net margin2.7%
2021Net margin4.6%
2022Net margin8.1%
2023Net margin11.5%
2024Net margin7.7%
2025Net margin9.1%
2019Free cash flow margin3%
2020Free cash flow margin8.7%
2021Free cash flow margin-0.9%
2022Free cash flow margin4.8%
2023Free cash flow margin15%
2024Free cash flow margin11.2%
2025Free cash flow margin10.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 80.6M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.117.0M87.8M58.5M29.3M0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow24450000
2020Operating cash flow46108000
2021Operating cash flow4632000
2022Operating cash flow40257000
2023Operating cash flow108349000
2024Operating cash flow74064000
2025Operating cash flow80612000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 68.6M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.104.3M75.0M45.7M16.4M-12.8M201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow14559000
2020Free cash flow40632000
2021Free cash flow-4765000
2022Free cash flow31425000
2023Free cash flow96223000
2024Free cash flow59956000
2025Free cash flow68610000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

44.5% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.69%52%35%17%0%201920222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019Liabilities / assets64.2%
2020Liabilities / assets59.1%
2021Liabilities / assets59.2%
2022Liabilities / assets53.2%
2023Liabilities / assets40.4%
2024Liabilities / assets53.6%
2025Liabilities / assets44.5%

Current assets to current liabilities

Current assets divided by current liabilities.

3.02× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.72×2.79×1.86×0.93×0.00×201920222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019Current assets / current liabilities3.14×
2020Current assets / current liabilities3.2×
2021Current assets / current liabilities2.94×
2022Current assets / current liabilities2.8×
2023Current assets / current liabilities3.45×
2024Current assets / current liabilities2.92×
2025Current assets / current liabilities3.02×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−USD 8.74 million
Exact value

Exact value: -8743000 USD

2019-01-01 – 2019-12-31: -8743000 USD Inspect Net Income Open source
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USD 24.45 million
Exact value

Exact value: 24450000 USD

2019-01-01 – 2019-12-31: 24450000 USD Inspect Operating Cash Flow Open source
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USD 9.89 million
Exact value

Exact value: 9891000 USD

2019-01-01 – 2019-12-31: 9891000 USD Inspect Capital Expenditure Open source
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USD 14.56 million
Calculation and evidence

24450000 − 9891000 USD

Exact free cash flow: 14559000 USD

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2020 2020-01-01 – 2020-12-31
USD 12.8 million
Exact value

Exact value: 12795000 USD

2020-01-01 – 2020-12-31: 12795000 USD Inspect Net Income Open source
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USD 46.11 million
Exact value

Exact value: 46108000 USD

2020-01-01 – 2020-12-31: 46108000 USD Inspect Operating Cash Flow Open source
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USD 5.48 million
Exact value

Exact value: 5476000 USD

2020-01-01 – 2020-12-31: 5476000 USD Inspect Capital Expenditure Open source
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USD 40.63 million
Calculation and evidence

46108000 − 5476000 USD

Exact free cash flow: 40632000 USD

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2021 2021-01-01 – 2021-12-31
USD 24.82 million
Exact value

Exact value: 24821000 USD

2021-01-01 – 2021-12-31: 24821000 USD Inspect Net Income Open source
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USD 4.63 million
Exact value

Exact value: 4632000 USD

2021-01-01 – 2021-12-31: 4632000 USD Inspect Operating Cash Flow Open source
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USD 9.4 million
Exact value

Exact value: 9397000 USD

2021-01-01 – 2021-12-31: 9397000 USD Inspect Capital Expenditure Open source
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−USD 4.77 million
Calculation and evidence

4632000 − 9397000 USD

Exact free cash flow: -4765000 USD

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2022 2022-01-01 – 2022-12-31
USD 52.69 million
Exact value

Exact value: 52689000 USD

2022-01-01 – 2022-12-31: 52689000 USD Inspect Net Income Open source
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USD 40.26 million
Exact value

Exact value: 40257000 USD

2022-01-01 – 2022-12-31: 40257000 USD Inspect Operating Cash Flow Open source
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USD 8.83 million
Exact value

Exact value: 8832000 USD

2022-01-01 – 2022-12-31: 8832000 USD Inspect Capital Expenditure Open source
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USD 31.43 million
Calculation and evidence

40257000 − 8832000 USD

Exact free cash flow: 31425000 USD

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2023 2023-01-01 – 2023-12-31
USD 73.83 million
Exact value

Exact value: 73831000 USD

2023-01-01 – 2023-12-31: 73831000 USD Inspect Net Income Open source
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USD 108.35 million
Exact value

Exact value: 108349000 USD

2023-01-01 – 2023-12-31: 108349000 USD Inspect Operating Cash Flow Open source
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USD 12.13 million
Exact value

Exact value: 12126000 USD

2023-01-01 – 2023-12-31: 12126000 USD Inspect Capital Expenditure Open source
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USD 96.22 million
Calculation and evidence

108349000 − 12126000 USD

Exact free cash flow: 96223000 USD

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2024 2024-01-01 – 2024-12-31
USD 40.96 million
Exact value

Exact value: 40960000 USD

2024-01-01 – 2024-12-31: 40960000 USD Inspect Net Income Open source
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USD 74.06 million
Exact value

Exact value: 74064000 USD

2024-01-01 – 2024-12-31: 74064000 USD Inspect Operating Cash Flow Open source
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USD 14.11 million
Exact value

Exact value: 14108000 USD

2024-01-01 – 2024-12-31: 14108000 USD Inspect Capital Expenditure Open source
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USD 59.96 million
Calculation and evidence

74064000 − 14108000 USD

Exact free cash flow: 59956000 USD

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2025 2025-01-01 – 2025-12-31
USD 61.54 million
Exact value

Exact value: 61536000 USD

2025-01-01 – 2025-12-31: 61536000 USD Inspect Net Income Open source
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USD 80.61 million
Exact value

Exact value: 80612000 USD

2025-01-01 – 2025-12-31: 80612000 USD Inspect Operating Cash Flow Open source
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USD 12 million
Exact value

Exact value: 12002000 USD

2025-01-01 – 2025-12-31: 12002000 USD Inspect Capital Expenditure Open source
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USD 68.61 million
Calculation and evidence

80612000 − 12002000 USD

Exact free cash flow: 68610000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

183 filings · 6,497 latest values · 6,497 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000729580, 729580, BELFA, BELFB, belfa, belfa,belfb, edgar:729580

Also known as BEL FUSE INC /NJ, BEL FUSE INC /NJ , BELFUSE INC /NJ