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Littelfuse, Inc. (LFUS) 10-Year Financial Performance & Capital Metrics

LFUS • • Industrial / General
TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsCircuit Protection & Power Components
AboutLittelfuse, Inc. manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors. This segment serves industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers, telecommunications, medical devices, alternative energy, building and home automation, appliances, and mobile electronics markets. Its Transportation segment provides blade, resettable, and high-current and high-voltage fuses, as well as battery cable protectors for hybrid and electric vehicles; fuses, switches, relays, circuit breakers, and power distribution modules for the commercial vehicles; and sensor products. This segment serves original equipment manufacturers, Tier-I suppliers, and parts distributors in the passenger car, heavy duty truck, off-road vehicles, material handling, agricultural, construction, and other commercial vehicle end markets. The company's Industrial segment offers industrial fuses, protection relays, contactors, transformers, and temperature sensors for use in renewable energy and energy storage systems, electric vehicle infrastructure, HVAC systems, industrial safety, non-residential construction, MRO, mining, and industrial automation. It sells its products through distributors, direct sales force, and manufacturers' representatives. Littelfuse, Inc. was founded in 1927 and is headquartered in Chicago, Illinois.Show more
  • Revenue $2.19B -7.3%
  • EBITDA $289M -42.0%
  • Net Income $100M -61.4%
  • EPS (Diluted) 4.00 -61.3%
  • Gross Margin 35.95% -5.7%
  • EBITDA Margin 13.2% -37.4%
  • Operating Margin 7.25% -52.5%
  • Net Margin 4.57% -58.4%
  • ROE 4.09% -63.0%
  • ROIC 4.35% -55.3%
  • Debt/Equity 0.39 +2.4%
  • Interest Coverage 4.10 -54.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓15 consecutive years of dividend growth
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy 5Y average net margin of 10.6%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.9%
5Y7.81%
3Y1.75%
TTM5.78%

Profit (Net Income) CAGR

10Y0.08%
5Y-6.35%
3Y-29.32%
TTM-39.11%

EPS CAGR

10Y-0.88%
5Y-6.51%
3Y-29.43%
TTM-32.52%

ROCE

10Y Avg11.28%
5Y Avg10.61%
3Y Avg10.48%
Latest4.49%

Peer Comparison

Circuit Protection & Power Components
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Valuation
Per Share
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Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
VICRVicor Corporation4.79B145.481039.14-11.36%18.63%13.05%0.57%0.01
LFUSLittelfuse, Inc.7.32B293.8073.45-7.28%5.11%4.44%3.99%0.39
ROGRogers Corporation1.81B100.8972.06-8.62%-8.43%-5.56%3.91%0.02
BELFBBel Fuse Inc.2.07B196.6160.31-16.41%10.04%12.81%2.89%0.72
WATTEnergous Corporation11.01M5.06-0.0761.96%-410.74%-90.31%
SNDKSandisk Corporation59.98B409.24-36.1510.39%-22.36%-18.55%0.22
RELLRichardson Electronics, Ltd.135.17M10.83-116.586.34%0.08%0.11%5.73%0.01

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+867.86M1.06B1.22B1.72B1.5B1.45B2.08B2.51B2.36B2.19B
Revenue Growth %0.02%0.22%0.16%0.41%-0.12%-0.04%0.44%0.21%-0.06%-0.07%
Cost of Goods Sold+537.37M643.04M715M1.07B957.58M944.52M1.31B1.51B1.46B1.4B
COGS % of Revenue0.62%0.61%0.59%0.62%0.64%0.65%0.63%0.6%0.62%0.64%
Gross Profit+330.5M413.12M506.53M653.41M546.29M501.17M771.93M1.01B900.24M787.54M
Gross Margin %0.38%0.39%0.41%0.38%0.36%0.35%0.37%0.4%0.38%0.36%
Gross Profit Growth %0.02%0.25%0.23%0.29%-0.16%-0.08%0.54%0.3%-0.11%-0.13%
Operating Expenses+226.34M282.47M288.02M428.37M353.5M338.8M386.28M506.09M539.38M628.76M
OpEx % of Revenue0.26%0.27%0.24%0.25%0.24%0.23%0.19%0.2%0.23%0.29%
Selling, General & Admin153.71M206.13M212.83M276.33M220.45M204.51M275.46M344.81M354.65M350.42M
SG&A % of Revenue0.18%0.2%0.17%0.16%0.15%0.14%0.13%0.14%0.15%0.16%
Research & Development30.8M42.2M50.49M87.26M80M52.54M65.94M95.6M102.43M107.77M
R&D % of Revenue0.04%0.04%0.04%0.05%0.05%0.04%0.03%0.04%0.04%0.05%
Other Operating Expenses41.83M34.15M24.7M64.77M53.06M81.75M44.89M65.67M82.3M170.57M
Operating Income+104.16M130.64M218.51M225.05M192.79M162.37M385.64M500.83M360.86M158.78M
Operating Margin %0.12%0.12%0.18%0.13%0.13%0.11%0.19%0.2%0.15%0.07%
Operating Income Growth %-0.22%0.25%0.67%0.03%-0.14%-0.16%1.38%0.3%-0.28%-0.56%
EBITDA+145.76M183.78M281.52M328.24M285.29M258.55M484.28M621.53M498.29M289.23M
EBITDA Margin %0.17%0.17%0.23%0.19%0.19%0.18%0.23%0.25%0.21%0.13%
EBITDA Growth %-0.17%0.26%0.53%0.17%-0.13%-0.09%0.87%0.28%-0.2%-0.42%
D&A (Non-Cash Add-back)41.6M53.14M63.01M103.19M92.5M96.18M98.64M120.71M137.43M130.45M
EBIT111.04M131.9M217.42M227.51M188.15M182.33M359.55M469.26M368.46M190.58M
Net Interest Income+-4.09M-8.63M-13.38M-22.57M-22.27M-21.08M-18.53M-26.22M-39.87M-38.72M
Interest Income0000000000
Interest Expense4.09M8.63M13.38M22.57M22.27M21.08M18.53M26.22M39.87M38.72M
Other Income/Expense2.79M-7.37M-14.47M-20.11M-26.91M-1.12M-44.62M-57.78M-32.26M-6.92M
Pretax Income+106.95M123.27M204.04M204.94M165.88M161.25M341.02M443.04M328.6M151.86M
Pretax Margin %0.12%0.12%0.17%0.12%0.11%0.11%0.16%0.18%0.14%0.07%
Income Tax+24.48M18.79M84.52M40.38M26.8M31.27M57.22M69.74M69.11M51.67M
Effective Tax Rate %0.77%0.85%0.59%0.8%0.84%0.81%0.83%0.84%0.79%0.66%
Net Income+82.47M104.49M119.52M164.56M139.08M129.99M283.81M373.31M259.49M100.19M
Net Margin %0.1%0.1%0.1%0.1%0.09%0.09%0.14%0.15%0.11%0.05%
Net Income Growth %-0.17%0.27%0.14%0.38%-0.15%-0.07%1.18%0.32%-0.3%-0.61%
Net Income (Continuing)80.87M104.49M119.52M164.56M139.08M129.99M283.81M373.31M259.49M100.19M
Discontinued Operations0000000000
Minority Interest143K143K137K131K131K131K131K184K312K355K
EPS (Diluted)+3.634.605.216.525.605.2911.3814.9410.344.00
EPS Growth %-0.17%0.27%0.13%0.25%-0.14%-0.06%1.15%0.31%-0.31%-0.61%
EPS (Basic)3.654.635.276.625.665.3311.5415.0910.444.04
Diluted Shares Outstanding22.72M22.73M22.93M25.23M24.82M24.59M24.93M24.99M25.1M25.04M
Basic Shares Outstanding22.57M22.56M22.69M24.87M24.58M24.37M24.6M24.73M24.85M24.82M
Dividend Payout Ratio0.3%0.27%0.27%0.24%0.32%0.36%0.18%0.15%0.24%0.67%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+583.43M612.08M792.34M1.03B1B1.22B1.27B1.51B1.41B1.55B
Cash & Short-Term Investments332.96M278.81M429.71M489.77M531.18M687.58M478.5M562.67M555.75M725.9M
Cash Only328.79M275.12M429.68M489.73M531.14M687.52M478.47M562.59M555.51M724.92M
Short-Term Investments4.18M3.69M35K34K44K54K28K84K235K976K
Accounts Receivable144.39M198.09M184.39M235.23M207.14M235.79M277.23M313.79M295.72M294.37M
Days Sales Outstanding60.7368.4655.149.9650.2759.5348.6545.5645.6849.04
Inventory98.63M114.06M140.79M258.23M237.51M258M445.67M547.69M474.61M416.27M
Days Inventory Outstanding66.9964.7471.8788.590.5399.7124.37132.65118.46108.28
Other Current Assets7.94M9.44M39.14M51.63M00087.64M82.53M103.72M
Total Non-Current Assets+481.55M879.11M947.76M1.58B1.56B1.53B1.88B2.39B2.59B2.34B
Property, Plant & Equipment162.57M217.18M250.58M339.89M366.54M361.79M467.5M538.49M555.52M549.28M
Fixed Asset Turnover5.34x4.86x4.87x5.06x4.10x4.00x4.45x4.67x4.25x3.99x
Goodwill189.77M403.54M453.41M826.72M820.59M816.81M929.79M1.19B1.31B1.23B
Intangible Assets91.62M213.03M203.85M361.47M321.25M291.89M407.13M593.97M606.14M482.12M
Long-Term Investments15.2M13.93M10.99M25.41M24.1M30.55M39.21M24.12M24.82M23.25M
Other Non-Current Assets14.06M10.85M17.07M20.97M14.96M18.02M24.73M34.07M79.71M51.73M
Total Assets+1.06B1.49B1.74B2.61B2.56B2.75B3.15B3.9B4B3.89B
Asset Turnover0.81x0.71x0.70x0.66x0.59x0.53x0.66x0.64x0.59x0.56x
Asset Growth %-0.01%0.4%0.17%0.5%-0.02%0.07%0.15%0.24%0.02%-0.03%
Total Current Liabilities+209.83M187.54M224.79M295.27M225.56M275.65M434.63M572.29M375.49M433.9M
Accounts Payable51.66M90.71M101.84M126.32M117.32M145.98M222.04M208.57M173.53M188.36M
Days Payables Outstanding35.0951.4951.9943.2944.7256.4161.9650.5243.3148.99
Short-Term Debt87M6.25M6.25M10M10M025M134.87M14.02M67.61M
Deferred Revenue (Current)1000K1000K1000K1000K828K1000K1000K1000K1000K1000K
Other Current Liabilities00077.77M43.02M57.3M93.97M105.47M80.11M65.18M
Current Ratio2.78x3.26x3.52x3.50x4.45x4.42x2.92x2.64x3.75x3.58x
Quick Ratio2.31x2.66x2.90x2.62x3.40x3.48x1.90x1.68x2.49x2.62x
Cash Conversion Cycle92.6381.7174.9895.1796.09102.82111.05127.7120.83108.33
Total Non-Current Liabilities+110.95M488.72M587.75M840.69M838.32M863.17M823.55M1.12B1.14B1.04B
Long-Term Debt83.75M447.89M489.36M684.73M669.16M687.03M611.9M866.62M857.91M788.5M
Capital Lease Obligations000017.17M12.95M22.3M45.66M49.47M60.56M
Deferred Tax Liabilities8.01M7.07M17.07M51.85M49.76M50.13M81.29M100.23M110.82M95.53M
Other Non-Current Liabilities23.41M33.76M81.32M104.11M102.23M113.05M108.06M107.55M121.09M99.67M
Total Liabilities320.78M676.26M812.55M1.14B1.06B1.14B1.26B1.69B1.51B1.48B
Total Debt+171.47M454.14M495.61M694.73M703.58M706.79M668.22M1.06B933.52M930.57M
Net Debt-157.31M179.02M65.94M205M172.44M19.27M189.75M497.41M378M205.65M
Debt / Equity0.23x0.56x0.53x0.47x0.47x0.44x0.35x0.48x0.38x0.39x
Debt / EBITDA1.18x2.47x1.76x2.12x2.47x2.73x1.38x1.71x1.87x3.22x
Net Debt / EBITDA-1.08x0.97x0.23x0.62x0.60x0.07x0.39x0.80x0.76x0.71x
Interest Coverage25.46x15.14x16.33x9.97x8.66x7.70x20.82x19.10x9.05x4.10x
Total Equity+744.34M815.07M927.69M1.48B1.5B1.61B1.89B2.21B2.48B2.41B
Equity Growth %0.02%0.1%0.14%0.59%0.01%0.08%0.18%0.17%0.12%-0.03%
Book Value per Share32.7635.8640.4658.5960.2865.4275.9588.5098.8296.41
Total Shareholders' Equity744.2M814.93M927.56M1.48B1.5B1.61B1.89B2.21B2.48B2.41B
Common Stock224K228K229K254K256K259K260K261K262K262K
Retained Earnings562.72M634.39M722.14M856.51M950.9M1.03B1.27B1.59B1.78B1.82B
Treasury Stock-32.77M-36.51M-41.29M-116.45M-216.45M-242.37M-248.12M-252.87M-259.26M-305.35M
Accumulated OCI-45.67M-74.58M-63.67M-97.92M-106.82M-91.16M-73.46M-95.76M-55.82M-146.36M
Minority Interest143K143K137K131K131K131K131K184K312K355K

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+165.83M180.13M269.17M331.83M245.33M258.03M373.34M419.72M457.39M367.62M
Operating CF Margin %0.19%0.17%0.22%0.19%0.16%0.18%0.18%0.17%0.19%0.17%
Operating CF Growth %0.08%0.09%0.49%0.23%-0.26%0.05%0.45%0.12%0.09%-0.2%
Net Income82.47M104.49M119.52M164.56M139.08M129.99M283.81M373.31M259.49M100.19M
Depreciation & Amortization41.68M53.14M63.01M103.19M92.5M96.18M98.64M120.71M137.43M130.45M
Stock-Based Compensation10.27M11.99M16.32M27.43M19.05M18.13M19.61M23.63M23.9M26.01M
Deferred Taxes11.48M-5.27M17.06M-4.68M-1.15M-3.21M-8.02M-22.42M46K-2.82M
Other Non-Cash Items18.83M21.43M7.66M43.06M11.5M12.59M37.05M66.96M12.4M83.5M
Working Capital Changes1.1M-5.64M45.61M-1.74M-15.65M4.36M-57.74M-142.46M24.13M30.29M
Change in Receivables-14.38M-23.47M-11.09M-3.54M28.5M-25.59M-10.23M-19.33M24.52M-15.35M
Change in Inventory-3.58M8.54M-20.18M-33.97M22.09M-12.43M-104.56M-89.23M82.47M33.66M
Change in Payables2.57M19.19M6.49M13.71M-22.57M28.82M40.48M-22.4M-36.28M16.26M
Cash from Investing+-44.16M-511.24M-96.14M-382.25M-56.46M-51.43M-499.16M-636.4M-284.32M-65.78M
Capital Expenditures-44.02M-46.23M-65.92M-74.75M-61.9M-56.19M-90.56M-104.34M-86.19M-75.88M
CapEx % of Revenue0.05%0.04%0.05%0.04%0.04%0.04%0.04%0.04%0.04%0.03%
Acquisitions----------
Investments----------
Other Investing7.91M5.76M3.6M10.98M6.21M015.04M614K681K10.1M
Cash from Financing+-67.66M284.2M-24.58M121.9M-146.28M-67.81M-68.98M310.2M-185.73M-112.44M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-24.34M-27.87M-31.67M-39.99M-44.69M-46.84M-49.73M-55.91M-62.16M-67.06M
Share Repurchases----------
Other Financing1.89M3.42M0-903K000-2.41M5.24M2.99M
Net Change in Cash----------
Free Cash Flow+121.81M133.91M203.25M257.07M183.43M201.84M282.78M315.38M371.2M291.74M
FCF Margin %0.14%0.13%0.17%0.15%0.12%0.14%0.14%0.13%0.16%0.13%
FCF Growth %0.01%0.1%0.52%0.26%-0.29%0.1%0.4%0.12%0.18%-0.21%
FCF per Share5.365.898.8610.197.398.2111.3412.6214.7911.65
FCF Conversion (FCF/Net Income)2.01x1.72x2.25x2.02x1.76x1.99x1.32x1.12x1.76x3.67x
Interest Paid0010.57M18.46M21.24M20.09M17.42M25.44M37.17M36.21M
Taxes Paid0018.09M41.9M40.52M27.62M55.56M93.62M73.93M83.77M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)11.2%13.4%13.72%13.68%9.35%8.37%16.21%18.19%11.06%4.09%
Return on Invested Capital (ROIC)12.76%12.39%16.49%12.61%8.63%7.39%15.59%15.68%9.72%4.35%
Gross Margin38.08%39.12%41.47%38.02%36.33%34.67%37.11%40.05%38.1%35.95%
Net Margin9.5%9.89%9.78%9.58%9.25%8.99%13.64%14.85%10.98%4.57%
Debt / Equity0.23x0.56x0.53x0.47x0.47x0.44x0.35x0.48x0.38x0.39x
Interest Coverage25.46x15.14x16.33x9.97x8.66x7.70x20.82x19.10x9.05x4.10x
FCF Conversion2.01x1.72x2.25x2.02x1.76x1.99x1.32x1.12x1.76x3.67x
Revenue Growth1.86%21.7%15.66%40.68%-12.49%-3.87%43.87%20.86%-6.02%-7.28%

Revenue by Segment

2012201320152018201920202021202220232024
Electronics--405.5M1.12B961.08M937.76M1.3B1.49B1.35B1.19B
Electronics Growth---177.26%-14.52%-2.43%38.71%14.77%-9.54%-12.12%
Transportation------528.06M716.14M678.28M672.43M
Transportation Growth-------35.62%-5.29%-0.86%
Industrial Products--122.41M114.38M114.26M112.17M251.13M304.94M333.95M331.56M
Industrial Products Growth----6.56%-0.11%-1.83%123.88%21.43%9.52%-0.72%

Revenue by Geography

2012201320152018201920202021202220232024
Other Countries--329.77M738.75M647.03M615.15M820.34M962.42M995.14M883.79M
Other Countries Growth---124.02%-12.42%-4.93%33.36%17.32%3.40%-11.19%
UNITED STATES--344.31M511.54M440.46M392.54M639.38M912.5M820.74M800.33M
UNITED STATES Growth---48.57%-13.90%-10.88%62.88%42.72%-10.06%-2.49%
CHINA--193.79M468.17M416.38M438M620.21M638.98M546.79M506.64M
CHINA Growth---141.59%-11.06%5.19%41.60%3.03%-14.43%-7.34%
Asia Pacific302.83M324.69M--------
Asia Pacific Growth-7.22%--------
Europe142.55M158.49M--------
Europe Growth-11.18%--------

Frequently Asked Questions

Valuation & Price

Littelfuse, Inc. (LFUS) has a price-to-earnings (P/E) ratio of 73.5x. This suggests investors expect higher future growth.

Growth & Financials

Littelfuse, Inc. (LFUS) reported $2.32B in revenue for fiscal year 2024. This represents a 249% increase from $665.0M in 2011.

Littelfuse, Inc. (LFUS) saw revenue decline by 7.3% over the past year.

Yes, Littelfuse, Inc. (LFUS) is profitable, generating $118.6M in net income for fiscal year 2024 (4.6% net margin).

Dividend & Returns

Yes, Littelfuse, Inc. (LFUS) pays a dividend with a yield of 0.91%. This makes it attractive for income-focused investors.

Littelfuse, Inc. (LFUS) has a return on equity (ROE) of 4.1%. This is below average, suggesting room for improvement.

Littelfuse, Inc. (LFUS) generated $381.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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