BELFBBEL FUSE INC /NJ
Electronic Coils, Transformers & Other Inductors
- Revenue
- $675M
- 26% YoY
- Operating margin
- 16.4%
- 37% YoY
- EBITDA
- $138M
- 70% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.8×
- −$109M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear109% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear4% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear17% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $543M | $654M | $640M | $535M | $675M | 26% |
| Operating income | $31M | $65M | $88M | $64M | $111M | 73% |
| Net income | $25M | $53M | $74M | $49M | $74M | 51% |
| Operating cash flow | $5M | $40M | $108M | $74M | $81M | 8.8% |
| Capex | $9M | $9M | $12M | $14M | $12M | 15% |
| Stock-based comp | $2M | $2M | $3M | $4M | $7M | 82% |
| Buybacks | $0 | $349K | $105K | $16M | $0 | 100% |
| Dividends | $3M | $3M | $3M | $3M | $3M | 0.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $6M · 5
- Net
- −$6M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 1185 | 395 |
| FY2024 | — | — | 574 | 129 |
| FY2023 | — | — | 463 | 77 |
| FY2022 | — | — | 227 | 43 |
| FY2021 | — | — | 88 | 88 |