Revenue growth has rebounded to 18.5% in 2026Q1, though gross margins remain sensitive to cyclical pressures, as evidenced by the dip to 33.4% in 2024Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 2.49B | 2.39B | 2.19B | 2.36B | 2.51B | 2.08B | 1.45B | 1.5B | 1.72B | 1.22B | 1.06B | 867.86M | 852M | 757.85M | 667.91M | 664.96M | 608.02M | 430.15M | 530.87M | 536.14M | 534.86M | 467.09M | 476.83M | 339.41M | 283.27M | 272.15M | 371.92M | 296.37M | 269.5M | 275.2M | 241.4M |
| Revenue Growth % | 12.64% | 8.92% | -7.28% | -6.02% | 20.86% | 43.87% | -3.87% | -12.49% | 40.68% | 15.66% | 21.7% | 1.86% | 12.42% | 13.47% | 0.44% | 9.36% | 41.35% | -18.97% | -0.98% | 0.24% | 14.51% | -2.04% | 40.49% | 19.82% | 4.09% | -26.83% | 25.49% | 9.97% | -2.07% | 14% | 9.98% |
| Cost of Goods Sold | 1.54B | 1.48B | 1.4B | 1.46B | 1.51B | 1.31B | 944.52M | 957.58M | 1.07B | 715M | 643.04M | 537.37M | 527.57M | 461.62M | 409.45M | 408.26M | 374.15M | 304.79M | 387.2M | 364.61M | 373.6M | 322.54M | 303.04M | 234.98M | 194.64M | 180.24M | 221.27M | 179.11M | 153.9M | 150.8M | 129.1M |
| COGS % of Revenue | - | 62.03% | 64.05% | 61.9% | 59.95% | 62.89% | 65.33% | 63.67% | 61.98% | 58.53% | 60.88% | 61.92% | 61.92% | 60.91% | 61.3% | 61.4% | 61.54% | 70.86% | 72.94% | 68.01% | 69.85% | 69.05% | 63.55% | 69.23% | 68.71% | 66.23% | 59.49% | 60.44% | 57.11% | 54.8% | 53.48% |
| Gross Profit | 952.94M | 906.04M | 787.54M | 900.24M | 1.01B | 771.93M | 501.17M | 546.29M | 653.41M | 506.53M | 413.12M | 330.5M | 324.43M | 296.23M | 258.47M | 256.69M | 233.87M | 125.36M | 143.67M | 171.54M | 161.26M | 144.55M | 173.8M | 104.43M | 88.62M | 91.91M | 150.65M | 117.25M | 115.6M | 124.4M | 112.3M |
| Gross Margin % | 38.29% | 37.97% | 35.95% | 38.1% | 40.05% | 37.11% | 34.67% | 36.33% | 38.02% | 41.47% | 39.12% | 38.08% | 38.08% | 39.09% | 38.7% | 38.6% | 38.46% | 29.14% | 27.06% | 31.99% | 30.15% | 30.95% | 36.45% | 30.77% | 31.29% | 33.77% | 40.51% | 39.56% | 42.89% | 45.2% | 46.52% |
| Gross Profit Growth % | - | 15.05% | -12.52% | -10.59% | 30.44% | 54.02% | -8.26% | -16.39% | 29% | 22.61% | 25% | 1.87% | 9.52% | 14.61% | 0.69% | 9.76% | 86.56% | -12.74% | -16.25% | 6.37% | 11.56% | -16.83% | 66.43% | 17.83% | -3.57% | -38.99% | 28.48% | 1.43% | -7.07% | 10.77% | 10.75% |
| Operating Expenses | 884.39M | 868.51M | 628.76M | 539.38M | 506.09M | 386.28M | 338.8M | 353.5M | 428.37M | 288.02M | 282.47M | 226.34M | 190.6M | 166.35M | 151.6M | 142.79M | 126.3M | 111.67M | 135.17M | 120.23M | 132.41M | 117.59M | 116.79M | 78.34M | 72.69M | 83.37M | 88.9M | 72.63M | 81.5M | 80.6M | 74.7M |
| OpEx % of Revenue | - | 36.4% | 28.7% | 22.83% | 20.13% | 18.57% | 23.44% | 23.51% | 24.93% | 23.58% | 26.75% | 26.08% | 22.37% | 21.95% | 22.7% | 21.47% | 20.77% | 25.96% | 25.46% | 22.42% | 24.76% | 25.17% | 24.49% | 23.08% | 25.66% | 30.63% | 23.9% | 24.51% | 30.24% | 29.29% | 30.94% |
| Selling, General & Admin | 393.39M | 381.77M | 350.42M | 354.65M | 344.81M | 275.46M | 204.51M | 220.45M | 276.33M | 212.83M | 206.13M | 153.71M | 146.97M | 132.66M | 124.28M | 116.74M | 103.67M | 88.51M | 107.24M | 103.26M | 110.58M | 98.54M | 96.1M | 68.58M | 63.59M | 62.2M | 71.08M | 56.1M | 50.9M | 52.3M | 53.6M |
| SG&A % of Revenue | - | 16% | 16% | 15.01% | 13.72% | 13.24% | 14.15% | 14.66% | 16.08% | 17.42% | 19.52% | 17.71% | 17.25% | 17.5% | 18.61% | 17.56% | 17.05% | 20.58% | 20.2% | 19.26% | 20.67% | 21.1% | 20.15% | 20.21% | 22.45% | 22.85% | 19.11% | 18.93% | 18.89% | 19% | 22.2% |
| Research & Development | 110.59M | 106.9M | 107.77M | 102.43M | 95.6M | 65.94M | 52.54M | 80M | 87.26M | 50.49M | 42.2M | 30.8M | 31.12M | 24.41M | 21.23M | 19.44M | 17.6M | 18.13M | 24.07M | 21.7M | 18.71M | 16.67M | 16.08M | 8.69M | 8.33M | 8.88M | 11.15M | 9.46M | 8.4M | 7.9M | 0 |
| R&D % of Revenue | - | 4.48% | 4.92% | 4.34% | 3.8% | 3.17% | 3.63% | 5.32% | 5.08% | 4.13% | 4% | 3.55% | 3.65% | 3.22% | 3.18% | 2.92% | 2.9% | 4.22% | 4.53% | 4.05% | 3.5% | 3.57% | 3.37% | 2.56% | 2.94% | 3.26% | 3% | 3.19% | 3.12% | 2.87% | - |
| Other Operating Expenses | 4M | 379.84M | 170.57M | 82.3M | 65.67M | 44.89M | 81.75M | 53.06M | 64.77M | 24.7M | 34.15M | 41.83M | 12.5M | 9.28M | 6.09M | 6.61M | 5.03M | 5.03M | 3.87M | -4.73M | 3.12M | 2.38M | 4.61M | 1.07M | 767K | 12.29M | 6.67M | 7.08M | 22.2M | 20.4M | 21.1M |
| Operating Income | 68.54M | 37.53M | 158.78M | 360.86M | 500.83M | 385.64M | 162.37M | 192.79M | 225.05M | 218.51M | 130.64M | 104.16M | 133.83M | 129.88M | 106.87M | 113.9M | 107.57M | 13.7M | 8.49M | 51.31M | 28.86M | 26.97M | 57M | 26.08M | 15.93M | 8.54M | 61.75M | 44.62M | 34.1M | 43.8M | 37.6M |
| Operating Margin % | 2.75% | 1.57% | 7.25% | 15.27% | 19.92% | 18.54% | 11.23% | 12.82% | 13.1% | 17.89% | 12.37% | 12% | 15.71% | 17.14% | 16% | 17.13% | 17.69% | 3.18% | 1.6% | 9.57% | 5.4% | 5.77% | 11.95% | 7.68% | 5.62% | 3.14% | 16.6% | 15.06% | 12.65% | 15.92% | 15.58% |
| Operating Income Growth % | - | -76.36% | -56% | -27.95% | 29.87% | 137.51% | -15.78% | -14.33% | 2.99% | 67.26% | 25.43% | -22.17% | 3.04% | 21.53% | -6.18% | 5.88% | 685.5% | 61.21% | -83.44% | 77.8% | 7.02% | -52.69% | 118.56% | 63.71% | 86.55% | -86.17% | 38.37% | 30.86% | -22.15% | 16.49% | 11.57% |
| EBITDA | 226.85M | 138.13M | 289.23M | 498.29M | 621.53M | 484.28M | 258.55M | 285.29M | 328.24M | 281.52M | 183.78M | 145.76M | 175.71M | 164.36M | 138.3M | 146.16M | 139.58M | 50.32M | 40.69M | 80.05M | 61.72M | 58.2M | 83.3M | 47.18M | 34.84M | 34.22M | 88.49M | 70.16M | 56.3M | 64.2M | 58.7M |
| EBITDA Margin % | 9.11% | 5.79% | 13.2% | 21.09% | 24.72% | 23.28% | 17.88% | 18.97% | 19.1% | 23.05% | 17.4% | 16.79% | 20.62% | 21.69% | 20.71% | 21.98% | 22.96% | 11.7% | 7.67% | 14.93% | 11.54% | 12.46% | 17.47% | 13.9% | 12.3% | 12.57% | 23.79% | 23.67% | 20.89% | 23.33% | 24.32% |
| EBITDA Growth % | -25.55% | -52.24% | -41.96% | -19.83% | 28.34% | 87.3% | -9.37% | -13.08% | 16.6% | 53.18% | 26.09% | -17.04% | 6.9% | 18.84% | -5.37% | 4.71% | 177.4% | 23.65% | -49.16% | 29.68% | 6.06% | -30.14% | 76.56% | 35.44% | 1.79% | -61.33% | 26.12% | 24.62% | -12.31% | 9.37% | 13.1% |
| D&A (Non-Cash Add-back) | 158.31M | 100.6M | 130.45M | 137.43M | 120.71M | 98.64M | 96.18M | 92.5M | 103.19M | 63.01M | 53.14M | 41.6M | 41.88M | 34.48M | 31.43M | 32.25M | 32.01M | 36.62M | 32.2M | 28.74M | 32.87M | 31.23M | 26.3M | 21.1M | 18.9M | 25.68M | 26.74M | 25.54M | 22.2M | 20.4M | 21.1M |
| EBIT | 71.03M | 37.91M | 190.58M | 368.46M | 469.26M | 359.55M | 182.33M | 188.15M | 227.51M | 217.42M | 131.9M | 111.04M | 136.55M | 127.15M | 101.75M | 116.79M | 109.12M | 13.21M | 14.06M | 52.84M | 28.86M | 26.97M | 57M | 26.08M | 15.93M | 14.86M | 61.75M | 44.62M | 34.1M | 43.8M | 37.6M |
| Net Interest Income | -32.41M | -34.3M | -38.72M | -39.87M | -26.22M | -18.53M | -21.08M | -22.27M | -22.57M | -13.38M | -8.63M | -4.09M | -4.9M | -2.92M | -1.7M | -1.69M | -1.44M | -2.38M | -3.44M | -1.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 32.41M | 34.3M | 38.72M | 39.87M | 26.22M | 18.53M | 21.08M | 22.27M | 22.57M | 13.38M | 8.63M | 4.09M | 4.9M | 2.92M | 1.7M | 1.69M | 1.44M | 2.38M | 3.44M | 1.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -28.15M | -33.92M | -6.92M | -32.26M | -57.78M | -44.62M | -1.12M | -26.91M | -20.11M | -14.47M | -7.37M | 2.79M | -2.18M | -5.65M | -6.82M | 1.2M | 105K | -2.86M | 2.13M | -21K | 548K | 1.06M | -1.52M | -2.11M | -900K | -2.18M | -2.71M | -3.95M | -4.1M | -3.2M | -3.5M |
| Pretax Income | 40.39M | 3.61M | 151.86M | 328.6M | 443.04M | 341.02M | 161.25M | 165.88M | 204.94M | 204.04M | 123.27M | 106.95M | 131.65M | 124.23M | 100.05M | 115.1M | 107.68M | 10.84M | 10.62M | 51.29M | 29.41M | 28.02M | 55.41M | 23.97M | 15.03M | 6.36M | 59.04M | 40.7M | 30M | 40.6M | 34.1M |
| Pretax Margin % | 1.62% | 0.15% | 6.93% | 13.91% | 17.62% | 16.4% | 11.15% | 11.03% | 11.93% | 16.7% | 11.67% | 12.32% | 15.45% | 16.39% | 14.98% | 17.31% | 17.71% | 2.52% | 2% | 9.57% | 5.5% | 6% | 11.62% | 7.06% | 5.31% | 2.34% | 15.87% | 13.73% | 11.13% | 14.75% | 14.13% |
| Income Tax | 80.52M | 75.31M | 51.67M | 69.11M | 69.74M | 57.22M | 31.27M | 26.8M | 40.38M | 84.52M | 18.79M | 24.48M | 32.23M | 35.45M | 24.72M | 28.08M | 29.02M | 1.43M | 2.61M | 14.45M | 6.17M | 11.44M | 19.23M | 8.63M | 5.41M | 2.29M | 21.74M | 15.5M | 10.1M | 15.3M | 12.4M |
| Effective Tax Rate % | 199.34% | 2087.8% | 34.03% | 21.03% | 15.74% | 16.78% | 19.39% | 16.16% | 19.7% | 41.42% | 15.24% | 22.89% | 24.48% | 28.54% | 24.71% | 24.39% | 26.95% | 13.16% | 24.54% | 28.18% | 20.98% | 40.83% | 34.7% | 36% | 36% | 36.02% | 36.82% | 38.08% | 33.67% | 37.68% | 36.36% |
| Net Income | -40.12M | -71.7M | 100.19M | 259.49M | 373.31M | 283.81M | 129.99M | 139.08M | 164.56M | 119.52M | 104.49M | 82.47M | 99.42M | 88.78M | 75.33M | 87.02M | 78.66M | 9.41M | 8.02M | 36.84M | 23.82M | 17.71M | 36.03M | 15.34M | 9.62M | 4.07M | 37.3M | 25.2M | 19.9M | 25.3M | 21.7M |
| Net Margin % | -1.61% | -3% | 4.57% | 10.98% | 14.85% | 13.64% | 8.99% | 9.25% | 9.58% | 9.78% | 9.89% | 9.5% | 11.67% | 11.72% | 11.28% | 13.09% | 12.94% | 2.19% | 1.51% | 6.87% | 4.45% | 3.79% | 7.56% | 4.52% | 3.4% | 1.5% | 10.03% | 8.5% | 7.38% | 9.19% | 8.99% |
| Net Income Growth % | -142.1% | -171.56% | -61.39% | -30.49% | 31.54% | 118.34% | -6.54% | -15.49% | 37.69% | 14.39% | 26.7% | -17.05% | 11.98% | 17.86% | -13.44% | 10.63% | 735.86% | 17.4% | -78.24% | 54.61% | 34.52% | -50.84% | 134.88% | 59.45% | 136.36% | -89.09% | 48.01% | 26.63% | -21.34% | 16.59% | 12.44% |
| Net Income (Continuing) | -40.12M | -71.7M | 100.19M | 259.49M | 373.31M | 283.81M | 129.99M | 139.08M | 164.56M | 119.52M | 104.49M | 80.87M | 99.42M | 88.78M | 75.33M | 87.02M | 78.66M | 9.41M | 8.02M | 36.84M | 23.24M | 16.58M | 36.5M | 15.34M | 9.62M | 4.07M | 37.3M | 25.22M | 19.9M | 25.3M | 21.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 355K | 312K | 184K | 131K | 131K | 131K | 131K | 137K | 143K | 143K | 143K | 143K | 143K | 143K | 143K | 143K | 143K | 143K | 143K | 144K | 2.64M | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 300K |
| EPS (Diluted) | -1.58 | -2.90 | 4.00 | 10.34 | 14.94 | 11.38 | 5.29 | 5.60 | 6.52 | 5.21 | 4.60 | 3.63 | 4.37 | 3.94 | 3.41 | 3.91 | 3.54 | 0.43 | 0.37 | 1.64 | 1.06 | 0.78 | 1.59 | 0.70 | 0.44 | 0.19 | 1.69 | 1.16 | 0.86 | 1.07 | 0.90 |
| EPS Growth % | -139.12% | -172.5% | -61.32% | -30.79% | 31.28% | 115.12% | -5.54% | -14.11% | 25.14% | 13.26% | 26.72% | -16.93% | 10.91% | 15.54% | -12.79% | 10.45% | 723.26% | 16.22% | -77.44% | 54.72% | 35.9% | -50.94% | 127.14% | 59.09% | 131.58% | -88.76% | 45.69% | 34.88% | -19.63% | 18.89% | -6.25% |
| EPS (Basic) | - | -2.89 | 4.04 | 10.44 | 15.09 | 11.54 | 5.33 | 5.66 | 6.62 | 5.27 | 4.63 | 3.65 | 4.41 | 3.98 | 3.45 | 3.97 | 3.60 | 0.43 | 0.37 | 1.66 | 1.07 | 0.79 | 1.62 | 0.70 | 0.44 | 0.20 | 1.88 | 1.29 | 0.97 | 1.28 | 0.90 |
| Diluted Shares Outstanding | 25.42M | 24.91M | 25.04M | 25.1M | 24.99M | 24.93M | 24.59M | 24.82M | 25.23M | 22.93M | 22.73M | 22.72M | 22.73M | 22.54M | 22.1M | 22.25M | 22.21M | 21.81M | 21.83M | 22.39M | 22.43M | 22.58M | 22.6M | 21.91M | 21.97M | 21.73M | 22.07M | 21.75M | 23.15M | 23.64M | 24.25M |
| Basic Shares Outstanding | 25.07M | 24.91M | 24.82M | 24.85M | 24.73M | 24.6M | 24.37M | 24.58M | 24.87M | 22.69M | 22.56M | 22.57M | 22.54M | 22.32M | 21.82M | 21.9M | 21.88M | 21.74M | 21.72M | 22.23M | 22.3M | 22.41M | 22.24M | 21.91M | 21.86M | 19.95M | 19.82M | 19.57M | 20.47M | 19.77M | 24.02M |
| Dividend Payout Ratio | - | - | 66.93% | 23.96% | 14.98% | 17.52% | 36.03% | 32.13% | 24.3% | 26.58% | 26.67% | 29.52% | 21.3% | 21.09% | 21.99% | 16.67% | 4.13% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cyclical Margin Volatility
According to recent quarterly financial statements, Littelfuse achieved a notable revenue acceleration to 18.5% growth in 2026Q1, marking a significant recovery from the negative growth rates observed throughout 2024, which suggests that the company is successfully navigating the post-pandemic inventory correction cycle within its core electronics segments.
The shift from double-digit revenue declines in 2024 to strong positive growth in early 2026 indicates that the company's design-in strategy is gaining traction in high-growth end markets. Investors should monitor whether this momentum is sustainable or if it reflects a temporary restocking phase by distributors.
As reported in financial filings, Littelfuse maintained a gross margin of 38.7% in 2026Q1, demonstrating resilience in its pricing power despite the significant operational disruptions and non-recurring charges that caused net margins to swing violently into negative territory during the 2024 and 2025 fiscal periods.
The consistency of gross margins suggests that the company's specialized safety-critical components retain their value proposition even when top-line demand fluctuates. This structural stability provides a necessary buffer against the high fixed-cost manufacturing base that characterizes the firm's industrial footprint.
Based on the provided income statement data, Littelfuse's operating income reached $101.2M in 2026Q1, yet the historical data reveals extreme volatility, including a $222.8M operating loss in 2025Q4, which complicates the assessment of true operating leverage and suggests significant non-operational expense impacts on the bottom line.
The erratic nature of operating income suggests that management is absorbing substantial one-time costs, likely related to acquisition integration or restructuring. Analysts should look past these accounting anomalies to determine if the core business is achieving the expected scaling benefits as revenue expands.
Data from recent income statements indicates that Littelfuse's net income has been highly inconsistent, swinging from a $242.1M loss in 2025Q4 to a $75.1M profit in 2026Q1, which warrants further investigation into the nature of these non-operating items and their impact on reported earnings per share.
The wide variance between operating performance and net income suggests that non-cash charges or tax anomalies are significantly distorting the company's true profitability. Investors should exercise caution when relying on GAAP EPS figures until the company demonstrates a period of sustained, clean operational earnings.
While revenue growth appears to be accelerating, the historical data shows that Littelfuse remains vulnerable to sharp margin compression, as evidenced by the 2024Q4 period where gross margins dipped to 33.4%, suggesting that the company's high fixed-cost structure may struggle during future cyclical downturns in industrial production.
Short-term observers may focus on the potential for further restructuring charges or inventory write-downs if the current growth trajectory fails to materialize into consistent cash flow. The reliance on Asia-Pacific manufacturing hubs also introduces a layer of geopolitical risk that could exacerbate margin pressure if supply chains are disrupted.
Quick answers to the most common questions about buying LFUS stock.
For fiscal year 2025, Littelfuse, Inc. (LFUS) reported total revenue of $2.39B. This represents a 888.5% increase compared to $241.4M in 1996.
Littelfuse, Inc. (LFUS) reported a net loss of $71.7M for the fiscal year ending 2025.
Littelfuse, Inc. (LFUS) reported an operating income of $37.5M, resulting in an operating profit margin of 1.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Littelfuse, Inc. (LFUS) generated $906.0M in gross profit for the year, representing a gross profit margin of 38.0%. This demonstrates the company's core pricing power and production efficiency.