Bel Fuse (BELFA) Gross Margin (2010 - 2026)
Bel Fuse's Gross Margin came in at 39.85% for Q2 2026, up 1.18 percentage points from 38.67% a year earlier and up 0.86 percentage points from the prior quarter.
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Analysis
Bel Fuse (BELFA) Gross Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Bel Fuse reported Gross Margin of 39.52%, up 1.68 percentage points year-over-year; for FY2025, it came in at 39.15%, up 1.31 percentage points from FY2024.
- Gross Margin has increased in each of the last four years, with a five-year change of +13.44 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 37.84% in FY2024 (+4.10 pp), 33.74% in FY2023 (+5.70 pp), 28.04% in FY2022 (+3.32 pp) and 24.73% in FY2021 (-0.98 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q2 2024.
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +1.11 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2024 (a gain of 7.18 percentage points), and the weakest in Q3 2021 (a drop of 2.28 percentage points).
- Business Quant data shows BELFA's Gross Margin at 38.99% (Q1 2026), 39.43% (Q4 2025) and 39.75% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn | 52.30% |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn | 54.12% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 36.70% |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn | 47.43% |
| 10 | Bel Fuse | 2.44 Bn | 2.06 Bn | 83.97 Mn | 39.85% |
Historic Data
Download Data
Historic 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% |
API Access
Bel Fuse Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BELFA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BELFA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BELFA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();