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Maker of electronic components — magnetics, connectors and power modules — for networking, aerospace and defense equipment.
Maker of electronic components — magnetics, connectors and power modules — for networking, aerospace and defense equipment.
Sells parts that are designed into customers' products, so orders follow those products' production runs; much of it goes through electronics distributors as well as directly to makers. Class A shares carry votes and Class B (BELFB) does not, and the B shares trade far more actively.
Moat: narrow (switching costs, process know-how). Components are designed into customer products; requalifying a supplier is costly and slow.
Headquarters: Jersey City, New Jersey, US · Founded: 1949 · Employees: 4,964
Size Bel Fuse (BELFA) is a United States Information Technology company (Electronic Components) with a market value of $2.87B, the 1579th largest of 3,117 United States companies the cockpit tracks. Shares closed at $164.18 on 6 Nov 2026.
Performance Over six months the shares fell 38.1%, against -26.1% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 21.0% over the last twelve months (peer median +27.6%); the operating margin is 17.0% (peer median 14.0%).
Valuation It trades at 13.5× forward earnings against a peer median of 34.6× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.8 points above its cost of capital (11.9% WACC).
Backlog Backlog (remaining performance obligations) was $7.30M at 30 Sep 2026, down 48% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 8.9% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $786M | $675M | $535M | $640M | $654M |
| Revenue growth | — | +26% | -16% | -2% | — |
| Gross profit | $313M | $264M | $202M | $216M | $183M |
| EBITDA | $161M | $134M | $86.1M | $109M | $85.5M |
| Net income | $57.7M | $61.5M | $41.0M | $73.8M | $52.7M |
| Free cash flow | $81.1M | $67.9M | $60.0M | $96.2M | $31.4M |
| Capital expenditure | $14.5M | $12.0M | $14.1M | $12.1M | $8.83M |
| Total debt | $32.3M | $223M | $320M | $82.6M | $119M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bel Fuse BELFA | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Knowles KN | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BELFA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.9% | -20.3% | 8th highest of 21 |
| 6-month return | -38.1% | -26.1% | 8th lowest of 20 |
| Distance from 52-week high | -44.1% | -53.5% | 8th highest of 21 |
| Revenue growth (TTM) | +21.0% | +27.6% | 10th lowest of 21 |
| Operating margin | 17.0% | 14.0% | 8th highest of 21 |
| Forward P/E | 13.5× | 34.6× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 18.0% | 23.4% | 5th least demanding of 11 |
| Growth delivered (Del g) | +7.7% | +7.2% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | +10.3 pp | +12.3 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +4.8 pp | -1.6 pp | 6th highest of 21 |
| EV / EBITDA | 15.9× | 17.8× | 4th cheapest of 7 |
| Net debt / EBITDA | -1.9× | -0.8× | 4th least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |
Bel Fuse reported $7.30M of remaining performance obligations at 30 Sep 2026, down 48% from a year earlier and down 49% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.97.