Bel Fuse Inc. (BELFB)

Bel Fuse Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	594.03	534.79	639.81	654.23	543.49	465.77
Revenue Growth (YoY)	6.08%	-16.41%	-2.20%	20.38%	16.69%	-5.41%
Cost of Revenue	369.25	332.43	423.96	470.78	409.11	346.04
Gross Profit	224.79	202.36	215.85	183.45	134.38	119.73
Selling, General & Admin	121.95	110.62	99.09	92.34	86.61	78.7
Research & Development	27.7	23.59	22.49	20.24	21.89	23.61
Other Operating Expenses	0.1	3.86	6.3	5.73	-5.38	-1.25
Total Operating Expenses	149.76	138.06	127.87	118.31	103.13	101.06
Operating Income	78.7	64.3	87.98	65.15	31.26	18.67
Interest Income	3.03	4.75	1.7	0.18	-	-
Interest Expense	-11.37	-4.08	-2.85	-3.38	-3.54	-4.75
Other Non-Operating Income (Expense)	5.7	-3.17	-3.52	-2.89	-0.39	-1.79
Total Non-Operating Income (Expense)	-2.65	-2.49	-4.68	-6.09	-3.93	-6.53
Pretax Income	76.06	61.81	83.3	59.06	27.33	12.14
Provision for Income Taxes	16.43	12.62	9.47	6.37	2.51	-0.66
Net Income	59.63	40.96	73.83	52.69	24.82	12.8
Minority Interest in Earnings	-	8.23	-	-	-	-
Net Income to Common	59.63	40.96	73.83	52.69	24.82	12.8
Net Income Growth	-9.88%	-44.52%	40.13%	112.28%	93.99%	-
Shares Outstanding (Basic)	13	13	13	13	12	12
Shares Outstanding (Diluted)	13	13	13	13	12	12
Shares Change (YoY)	-1.10%	-1.20%	1.95%	1.10%	0.59%	0.37%
EPS (Basic)	3.87	3.10	5.52	4.01	1.90	0.97
EPS (Diluted)	3.87	3.10	5.52	4.01	1.90	0.97
EPS Growth	-22.13%	-43.84%	37.66%	111.05%	95.88%	-
Free Cash Flow	48.04	59.96	96.22	31.43	-4.77	40.63
Free Cash Flow Growth	-19.88%	-37.69%	206.20%	-	-	179.09%
Free Cash Flow Per Share	3.82	4.75	7.53	2.51	-0.38	3.30
Dividends Per Share	0.240	0.240	0.240	0.240	0.240	0.240
Gross Margin	37.84%	37.84%	33.74%	28.04%	24.73%	25.71%
Operating Margin	13.25%	12.02%	13.75%	9.96%	5.75%	4.01%
Profit Margin	10.04%	9.20%	11.54%	8.05%	4.57%	2.75%
FCF Margin	8.09%	11.21%	15.04%	4.80%	-0.88%	8.72%
EBITDA	101.32	80.75	101.29	80.01	48.12	35.09
EBITDA Margin	17.06%	15.10%	15.83%	12.23%	8.85%	7.53%
EBIT	78.7	64.3	87.98	65.15	31.26	18.67
EBIT Margin	13.25%	12.02%	13.75%	9.96%	5.75%	4.01%
Effective Tax Rate	21.60%	20.41%	11.37%	10.79%	9.17%	-5.43%

Updated Jul 24, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q