Bel Fuse (BELFA) Gross Margin (2010 - 2026)
Bel Fuse (BELFA) posted quarterly Gross Margin of 38.99% for Q1 2026, up 36.0% year-over-year from 28.67% in Q1 2025, and down 1.11% quarter-over-quarter from 39.43% in Q4 2025.
Bel Fuse (BELFA) Gross Margin (2010 - 2026) Analysis & Trends
Bel Fuse (BELFA) has reported Gross Margin for 17 consecutive years, with 38.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 36.0% year-over-year to 38.99%; the TTM figure through Mar 2026 stood at 39.22% (up 109.0% YoY), while the FY2025 annual figure was 39.15%, up 131.0% from the prior year.
- Gross Margin retreated to 38.99% in Q1 2026 per BELFA's latest filing, from 39.43% in the prior quarter.
- Across five years, Gross Margin topped out at 40.09% in Q2 2024 and bottomed at 24.96% in Q1 2022.
- Historically, Gross Margin has averaged 34.94% across 5 years, with a median of 36.56% in 2023.
- Annual changes were most pronounced in 2024 — Gross Margin soared 718 bps — and 2025, when it sank 141 bps.
- Bel Fuse's Gross Margin stood at 31.03% in 2022, then climbed by 18 bps to 36.56% in 2023, then climbed by 3 bps to 37.51% in 2024, then climbed by 5 bps to 39.43% in 2025, then decreased by 1 bps to 38.99% in 2026.
- Business Quant data shows BELFA's Gross Margin at 38.99% in Q1 2026, 39.43% in Q4 2025, and 39.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amphenol | 378.69 Bn | 372.58 Bn | 3.55 Bn | 40.51% |
| 2 | Corning | 130.37 Bn | 127.86 Bn | 1.63 Bn | 36.14% |
| 3 | TE Connectivity | 58.68 Bn | 57.44 Bn | 1.84 Bn | 35.56% |
| 4 | Flex | 40.28 Bn | 37.44 Bn | 747.00 Mn | 9.42% |
| 5 | Celestica | 34.40 Bn | 33.86 Bn | 577.50 Mn | 12.29% |
| 6 | Jabil | 33.32 Bn | 31.96 Bn | 828.00 Mn | 9.46% |
| 7 | Fabrinet | 15.94 Bn | 15.07 Bn | 158.05 Mn | 12.01% |
| 8 | Ttm Technologies | 11.84 Bn | 11.33 Bn | 211.86 Mn | 21.10% |
| 9 | Littelfuse | 10.40 Bn | 9.77 Bn | 306.06 Mn | 41.43% |
| 10 | Bel Fuse | 2.48 Bn | 2.17 Bn | 83.97 Mn | 39.85% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 39.85% |
| Mar 31, 2026 | 38.99% |
| Dec 31, 2025 | 39.43% |
| Sep 30, 2025 | 39.75% |
| Jun 30, 2025 | 38.67% |
| Mar 31, 2025 | 38.64% |
| Dec 31, 2024 | 37.51% |
| Sep 30, 2024 | 36.14% |
| Jun 30, 2024 | 40.09% |
| Mar 31, 2024 | 37.53% |
| Dec 31, 2023 | 36.56% |
| Sep 30, 2023 | 34.95% |
| Jun 30, 2023 | 32.91% |
| Mar 31, 2023 | 31.14% |
| Dec 31, 2022 | 31.03% |
| Sep 30, 2022 | 28.99% |
| Jun 30, 2022 | 26.65% |
| Mar 31, 2022 | 24.96% |
| Dec 31, 2021 | 26.69% |
| Sep 30, 2021 | 24.48% |