Is the business good?
How good a business is BELFB?
Bel Fuse Inc. earns 15% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
15%
Return on invested capital · cost of capital 9.0% · 6.5 points above what the capital costs: growth creates value
- Operating margin
- 16%
Operating margin · Electronic Components median 9.6% · 12 months to Q2 2026
- R&D as % of revenue
- 4.4%
R&D as % of revenue
- Gross margin
- 40%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 4.0% |
| FY2021 | 5.8% |
| FY2022 | 10.0% |
| FY2023 | 14% |
| FY2024 | 12% |
| FY2025 | 16% |
Details›
- Gross margin12 months to Q2 2026
- 40%
- Operating margin12 months to Q2 2026
- 16%
- Free cash flow margin
- 9.9%
- R&D as % of revenue
- 4.4%
- Revenue, trailing twelve months
- $744M
- Free cash flow, trailing twelve months
- $73M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 15%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electronic Components
Ranks #15 of 23 by Smart Score