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Littelfuse LFUS China — Tax holidays

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Other financials

Income statement

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Revenue$738.8M+20.4%
Gross profit$306.1M+31.9%
Operating income$119.7M+29.0%
Net income$89.4M+55.9%
EPS (diluted)$3.49+51.7%

Balance sheet

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Cash & equivalents$629.9M-8.3%
Total debt$697.8M-21.2%
Total equity$2.6B+0.8%
Total assets$4.0B-1.3%

Cash flow

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Operating cash flow$146.2M+77.3%
CapEx$18.9M+91.2%
Free cash flow$127.3M+75.4%

Valuation

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Market cap$11.71B+89.7%
Enterprise value$11.78B+84.8%
P/S4.5×+1.8×

Profitability

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Gross margin39.3%+2.5pp
Operating margin12.4%-3.6pp
Net margin-0.3%
FCF margin17%+3.1pp

Returns & leverage

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Return on equity-0.3%
Debt / equity0.3×-0.1×
Current ratio2.8×-1.3×

Where this comes from

Reported directly by Littelfuse in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxHolidayAggregateDollarAmount.

The source filing: Littelfuse’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 1:50 PM EST
Fiscal year
FY2025
Accession
0001628280-26-009585

The Company has two subsidiaries in China which benefit from lower tax rates due to “tax holidays” which apply for three-year periods. The tax holiday for one of the subsidiaries expired at the end of 2023, but was later extended for an additional three years, retroactive to include all of 2024, as well as 2025 and 2026, and for the other subsidiary the tax holiday expired at the end of 2025. The Company intends to seek an extension for the expired tax holiday. Together, the tax holidays contributed $6.6 million in current tax benefits, or $0.27 per diluted share, during 2025. Future year tax benefits will depend upon the Company’s ability to obtain extensions, after the three-year periods expire. There can be no assurance that future extensions will be granted.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Littelfuse's china — tax holidays?
Littelfuse (LFUS) reported china — tax holidays of $1.65M in Q4 2025.
How has Littelfuse's china — tax holidays changed year-over-year?
Littelfuse's china — tax holidays increased by 32.0% year-over-year, from $1.25M to $1.65M.
What is the long-term trend for Littelfuse's china — tax holidays?
Over 4 years (2021 to 2025), Littelfuse's china — tax holidays has grown at a -4.1% compound annual growth rate (CAGR), from $7.8M to $6.6M.
What does china — tax holidays mean?
This metric quantifies the financial benefit derived from government-granted tax exemptions or reduced corporate income tax rates applicable to operations in China. It represents a direct positive impact on the segment's net profitability by lowering the effective tax burden.

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