Bel Fuse Inc. (BELFB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 178.49M | 175.94M | 178.98M | 168.3M | 152.24M | 149.86M | 123.64M | 133.21M | 128.09M | 140.01M | 158.68M | 168.78M | 172.34M | 169.2M | 177.74M | 170.57M | 136.72M | 147.14M | 146.97M | 138.74M |
| Revenue Growth % | 17.24% | 17.4% | 44.76% | 26.35% | 18.85% | 7.03% | -22.08% | -21.08% | -25.68% | -17.25% | -10.72% | -1.05% | 26.06% | 14.99% | 20.94% | 22.94% | 23.57% | 26.71% | 18.05% | 14.5% |
| Cost of Goods Sold | 108.89M | 106.56M | 107.84M | 103.22M | 93.42M | 93.65M | 78.96M | 79.81M | 80.01M | 88.83M | 103.22M | 113.24M | 118.68M | 116.7M | 126.2M | 125.12M | 102.59M | 107.88M | 110.99M | 104.54M |
| COGS % of Revenue | 61.01% | 60.57% | 60.25% | 61.33% | 61.36% | 62.49% | 63.86% | 59.91% | 62.47% | 63.44% | 65.05% | 67.09% | 68.86% | 68.97% | 71.01% | 73.35% | 75.04% | 73.31% | 75.52% | 75.35% |
| Gross Profit | 69.6M | 69.38M | 71.14M | 65.08M | 58.82M | 56.21M | 44.68M | 53.4M | 48.08M | 51.18M | 55.47M | 55.54M | 53.66M | 52.51M | 51.53M | 45.45M | 34.12M | 39.27M | 35.97M | 34.2M |
| Gross Margin % | 38.99% | 39.43% | 39.75% | 38.67% | 38.64% | 37.51% | 36.14% | 40.09% | 37.53% | 36.56% | 34.95% | 32.91% | 31.14% | 31.03% | 28.99% | 26.65% | 24.96% | 26.69% | 24.48% | 24.65% |
| Gross Profit Growth % | 18.33% | 23.43% | 59.23% | 21.89% | 22.34% | 9.82% | -19.45% | -3.86% | -10.41% | -2.52% | 7.63% | 22.19% | 57.26% | 33.72% | 43.25% | 32.88% | 40.67% | 33.95% | 8% | 9.31% |
| Operating Expenses | 45.24M | 40.59M | 40.35M | 39.02M | 36.73M | 43.83M | 33.23M | 30.77M | 30.22M | 34.72M | 30.95M | 28.18M | 34.03M | 34.3M | 29.47M | 28.66M | 26.04M | 27.97M | 27.1M | 27.57M |
| OpEx % of Revenue | 25.34% | 23.07% | 22.55% | 23.18% | 24.13% | 29.25% | 26.88% | 23.1% | 23.6% | 24.8% | 19.51% | 16.7% | 19.74% | 20.27% | 16.58% | 16.8% | 19.04% | 19.01% | 18.44% | 19.87% |
| Selling, General & Admin | 36.73M | 32.6M | 32.8M | 30.91M | 29.51M | 34.83M | 26.7M | 24.14M | 24.94M | 24.94M | 23.72M | 25.14M | 25.3M | 25.13M | 22.22M | 23.96M | 21.03M | 21.86M | 21.19M | 21.83M |
| SG&A % of Revenue | 20.58% | 18.53% | 18.33% | 18.37% | 19.38% | 23.24% | 21.6% | 18.12% | 19.47% | 17.81% | 14.95% | 14.89% | 14.68% | 14.85% | 12.5% | 14.05% | 15.38% | 14.85% | 14.42% | 15.73% |
| Research & Development | 8.51M | 7.99M | 7.55M | 8.1M | 7.22M | 6.93M | 5.44M | 5.99M | 5.21M | 5.97M | 5.29M | 6.01M | 5.22M | 5.86M | 4.88M | 4.66M | 5.01M | 5.59M | 5.92M | 5.46M |
| R&D % of Revenue | 4.77% | 4.54% | 4.22% | 4.82% | 4.74% | 4.63% | 4.4% | 4.5% | 4.07% | 4.26% | 3.33% | 3.56% | 3.03% | 3.46% | 2.74% | 2.73% | 3.66% | 3.8% | 4.03% | 3.94% |
| Other Operating Expenses | 0 | 0 | 0 | 1 | 0 | 1000K | 1000K | 638K | 65K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 31K | 0 | 526K | -5K | 277K |
| Operating Income | 24.36M | 28.78M | 30.79M | 26.07M | 22.09M | 12.37M | 11.45M | 22.62M | 17.85M | 16.47M | 24.51M | 27.36M | 19.64M | 18.2M | 22.06M | 16.8M | 8.09M | 11.29M | 8.87M | 6.63M |
| Operating Margin % | 13.65% | 16.36% | 17.2% | 15.49% | 14.51% | 8.26% | 9.26% | 16.98% | 13.94% | 11.76% | 15.45% | 16.21% | 11.39% | 10.76% | 12.41% | 9.85% | 5.92% | 7.68% | 6.04% | 4.78% |
| Operating Income Growth % | 10.28% | 132.61% | 168.95% | 15.21% | 23.73% | -24.86% | -53.3% | -17.31% | -9.08% | -9.53% | 11.11% | 62.9% | 142.77% | 61.15% | 148.63% | 153.13% | 81.65% | 107.74% | 9.31% | 9.65% |
| EBITDA | 30.98M | 35.44M | 37.44M | 32.66M | 28.77M | 18.07M | 15.08M | 26.06M | 21.54M | 19.82M | 27.9M | 30.69M | 22.87M | 21.46M | 25.35M | 20.81M | 12.39M | 15.64M | 12.91M | 10.97M |
| EBITDA Margin % | 17.36% | 20.14% | 20.92% | 19.41% | 18.9% | 12.06% | 12.2% | 19.57% | 16.81% | 14.15% | 17.58% | 18.19% | 13.27% | 12.68% | 14.26% | 12.2% | 9.06% | 10.63% | 8.78% | 7.91% |
| EBITDA Growth % | 7.68% | 96.1% | 148.22% | 25.34% | 33.6% | -8.81% | -45.94% | -15.09% | -5.84% | -7.66% | 10.08% | 47.5% | 84.62% | 37.2% | 96.37% | 89.73% | 44.1% | 64% | 5.77% | 7.96% |
| D&A (Non-Cash Add-back) | 6.62M | 6.66M | 6.65M | 6.6M | 6.68M | 5.7M | 3.64M | 3.44M | 3.68M | 3.35M | 3.39M | 3.33M | 3.24M | 3.26M | 3.29M | 4.01M | 4.3M | 4.35M | 4.04M | 4.33M |
| EBIT | 24.36M | 28.78M | 30.79M | 26.07M | 22.09M | 10.2M | 11.6M | 23.3M | 20.79M | 13.95M | 24.28M | 28.2M | 19.72M | 18.42M | 21.63M | 15.07M | 7.32M | 10.45M | 8.67M | 6.75M |
| Net Interest Income | -2.38M | -2.72M | -3.39M | -3.73M | -3.88M | -1.8M | 1.07M | 731K | 681K | -448K | -512K | -908K | -876K | -968K | -944K | -779K | -688K | -528K | -1.49M | -721K |
| Interest Income | 150K | 258K | 238K | 264K | 275K | 1.01M | 1.48M | 1.15M | 1.11M | 0 | 0 | 0 | 107K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 2.53M | 2.98M | 3.63M | 3.99M | 4.15M | 2.81M | 414K | 415K | 434K | 448K | 512K | 908K | 983K | 968K | 944K | 779K | 688K | 528K | 1.49M | 721K |
| Other Income/Expense | -6.57M | -19.22M | -2.78M | 7.63M | 1.7M | -4.99M | -259K | 260K | 2.5M | -2.97M | -743K | -63K | -902K | -751K | -1.37M | -2.5M | -1.46M | -1.37M | -1.69M | -608K |
| Pretax Income | 17.79M | 9.56M | 28M | 33.7M | 23.79M | 7.38M | 11.19M | 22.88M | 20.35M | 13.5M | 23.77M | 27.3M | 18.74M | 17.45M | 20.69M | 14.29M | 6.63M | 9.92M | 7.18M | 6.03M |
| Pretax Margin % | 9.97% | 5.44% | 15.65% | 20.02% | 15.62% | 4.93% | 9.05% | 17.18% | 15.89% | 9.64% | 14.98% | 16.17% | 10.87% | 10.31% | 11.64% | 8.38% | 4.85% | 6.74% | 4.89% | 4.34% |
| Income Tax | 2.81M | 3.12M | 5.45M | 6.91M | 5.46M | 953K | 3.11M | 4.08M | 4.48M | 1.46M | 4.32M | -479K | 4.16M | 3.41M | 4.14M | -2.75M | 1.56M | 1.91M | 1.45M | -1.85M |
| Effective Tax Rate % | 15.78% | 32.65% | 19.46% | 20.49% | 22.97% | 12.9% | 27.78% | 17.82% | 22% | 10.84% | 18.18% | -1.75% | 22.22% | 19.55% | 20.01% | -19.21% | 23.6% | 19.28% | 20.15% | -30.74% |
| Net Income | 11.38M | -5.45M | 22.25M | 26.86M | 17.87M | -1.8M | 8.08M | 18.81M | 15.87M | 12.04M | 19.45M | 27.77M | 14.57M | 14.04M | 16.55M | 17.04M | 5.06M | 8.01M | 5.73M | 7.88M |
| Net Margin % | 6.38% | -3.1% | 12.43% | 15.96% | 11.74% | -1.2% | 6.54% | 14.12% | 12.39% | 8.6% | 12.26% | 16.46% | 8.46% | 8.3% | 9.31% | 9.99% | 3.7% | 5.44% | 3.9% | 5.68% |
| Net Income Growth % | -36.34% | -202.72% | 175.37% | 42.83% | 12.6% | -114.96% | -58.45% | -32.29% | 8.93% | -14.27% | 17.52% | 63.02% | 187.76% | 75.32% | 188.59% | 116.22% | 58.3% | 125.51% | -23.29% | 41.4% |
| Net Income (Continuing) | 14.98M | 6.44M | 22.55M | 26.79M | 18.32M | 6.43M | 8.08M | 18.81M | 15.87M | 12.04M | 19.45M | 27.77M | 14.57M | 14.04M | 16.55M | 17.04M | 5.06M | 8.01M | 5.73M | 7.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 96.77M | 93.16M | 81.27M | 80.97M | 81.03M | 80.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.92 | -0.51 | 1.70 | 2.07 | 1.46 | -0.14 | 0.64 | 1.53 | 1.28 | 0.95 | 1.46 | 2.19 | 1.14 | 0.98 | 1.27 | 1.36 | 0.40 | 0.65 | 0.44 | 0.64 |
| EPS Growth % | -36.99% | -264.29% | 165.63% | 35.29% | 14.06% | -114.74% | -56.16% | -30.14% | 12.28% | -3.06% | 14.96% | 61.03% | 185% | 50.77% | 188.64% | 112.5% | 53.85% | 140.74% | -27.87% | 39.13% |
| EPS (Basic) | 0.92 | -0.51 | 1.70 | 2.07 | 1.46 | -0.14 | 0.64 | 1.53 | 1.28 | 0.95 | 1.46 | 2.19 | 1.14 | 1.12 | 1.27 | 1.36 | 0.40 | 0.65 | 0.44 | 0.64 |
| Diluted Shares Outstanding | 12.37M | 12.36M | 12.56M | 12.56M | 12.27M | 12.54M | 12.55M | 12.31M | 12.44M | 12.77M | 12.78M | 12.78M | 12.78M | 12.64M | 12.48M | 12.51M | 12.52M | 12.47M | 12.41M | 12.38M |
| Basic Shares Outstanding | 12.36M | 12.36M | 12.56M | 12.56M | 12.27M | 12.54M | 12.55M | 12.31M | 12.44M | 12.77M | 12.78M | 12.78M | 12.78M | 12.64M | 12.48M | 12.51M | 12.52M | 12.47M | 12.41M | 12.38M |
| Dividend Payout Ratio | - | - | 3.75% | 3.09% | 4.64% | - | 10.06% | 4.45% | 5.27% | 8.33% | 4.28% | 2.98% | 5.69% | 6.72% | 4.98% | 4.83% | 16.25% | 11.64% | 14.25% | 10.34% |