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Bel Fuse BELFB Operating Income

Discontinued — last reported Q4 '25

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Other financials

Income statement

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Revenue$178.5M+17.2%
Gross profit$66.1M+30.7%
Net income$15.0M-2.6%
EPS (diluted)$1.23+49.4%

Balance sheet

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Cash & equivalents$59.4M-9.8%
Total debt$226.1M-26.1%
Total equity$438.9M+16.5%
Total assets$951.9M+62.9%

Cash flow

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Operating cash flow$13.8M+69.7%
CapEx$2.6M-5.3%
Free cash flow$11.2M+109%

Valuation

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Market cap$4.18B+152%
Enterprise value$4.35B+132%
P/E68.4×+36.0×
P/S+3.2×

Profitability

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Gross margin39.1%+1.3pp
Operating margin16.4%+4.4pp
Net margin8.7%+0.5pp
FCF margin10.6%-0.5pp

Returns & leverage

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Return on equity15%+2.2pp
Debt / equity0.5×-0.3×
Current ratio3.2×-0.1×

Where this comes from

Reported directly by Bel Fuse in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Bel Fuse’s 10-K, filed February 24, 2026.

Filed
Feb 24, 2026, 4:42 PM EST
Fiscal year
FY2025
Accession
0001437749-26-005354
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Restructuring (credits) charges(677)3,45910,114
Gain on sale of properties(5,701)-(3,819)
Earnout liability adjustments3,105--
Income from operations110,99664,29787,976
Gain on sale of Czech Republic business--980
Interest expense(14,751)(4,078)(2,850)
Interest income1,0354,7541,697
Impairment of equity method investment and related party notes(13,087)--

Document

FAQ

What is Bel Fuse's operating income?
Bel Fuse (BELFB) reported operating income of $27.75M in Q4 2025.
How has Bel Fuse's operating income changed year-over-year?
Bel Fuse's operating income increased by 72.6% year-over-year, from $16.07M to $27.75M.
What is the long-term trend for Bel Fuse's operating income?
Over 4 years (2021 to 2025), Bel Fuse's operating income has grown at a 37.3% compound annual growth rate (CAGR), from $31.26M to $111M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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