Power Solutions & Protection was Bel Fuse’s largest segment in fiscal 2025, bringing in $713.61M of $1.35B (53%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Power Solutions & Protection | $576.73M | $628.21M | $491.10M | $713.61M | ||||
| Connectivity Solutions | $374.17M | $421.14M | $440.74M | $464.57M | ||||
| Magnetic Solutions | $357.56M | $230.27M | $137.74M | $172.73M | ||||
| Total | $1.31B | $1.28B | $1.07B | $1.35B |
Bel Fuse brought in $1.35B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 26.3% from $1.07B in fiscal 2024. Power Solutions & Protection was the largest at $713.61M (52.8%), ahead of Connectivity Solutions at $464.57M (34.4%) and Magnetic Solutions at $172.73M (12.8%).
Compared with fiscal 2024, Power Solutions & Protection grew fastest, up 45.3% to $713.61M. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $1.31B to $1.35B, a compound annual growth rate of 1.1%. Power Solutions & Protection's share of the total rose from 44.1% to 52.8%.
Sales Channel, Directly To Consumer was Bel Fuse’s largest product and service line in fiscal 2025, bringing in $560.25M of $719.90M (78%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Sales Channel, Directly To Consumer | $372.88M | $443.66M | $340.71M | $560.25M | ||||
| Sales Channel, Through Intermediary | $203.85M | $184.55M | $163.99M | $159.66M | ||||
| Total | $576.73M | $628.21M | $504.70M | $719.90M |
Bel Fuse brought in $719.90M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $1.35B it reports by segment, so these lines do not cover all of its revenue. Sales Channel, Directly To Consumer was the largest at $560.25M (77.8%), ahead of Sales Channel, Through Intermediary at $159.66M (22.2%).
Compared with fiscal 2024, Sales Channel, Directly To Consumer grew 64.4% to $560.25M, while Sales Channel, Through Intermediary fell 2.6% to $159.66M.
Macao was Bel Fuse’s largest region in fiscal 2017, bringing in $335.36M of $983.11M (34%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| United States | $434.52M | $608.66M | $513.52M | — | ||||
| North America | $434.52M | $608.66M | $513.52M | — | ||||
| Macao | — | $364.50M | $327.94M | $335.36M | ||||
| Asia | $11.74M | — | — | $335.36M | ||||
| Europe | $190.35M | — | — | $156.19M | ||||
| United Kingdom | $45.70M | $55.10M | $43.91M | $48.22M | ||||
| Switzerland | $30.47M | $36.10M | $28.10M | $30.73M | ||||
| Germany | $37.33M | $32.63M | $28.21M | $27.71M | ||||
| Slovakia | $2.71M | $5.61M | $35.24M | $28.39M | ||||
| All Other Foreign Countries | $32.49M | $31.56M | $23.39M | $21.14M | ||||
| A Domicile Country About Which Segment Information Is Provided By The Entity | — | — | — | — | ||||
| Intergeographic Revenues | — | — | — | — | ||||
| Total | $1.22B | $1.74B | $1.51B | $983.11M |
Bel Fuse brought in $983.11M from its eight regions in fiscal 2017, the year ended December 31, 2017. Bel Fuse regrouped these regions after fiscal 2016, so the total does not compare directly with that year's $1.51B. Macao was the largest at $335.36M (34.1%), ahead of Asia at $335.36M (34.1%) and Europe at $156.19M (15.9%). The other five regions brought in $156.19M combined.
Compared with fiscal 2016, United Kingdom grew fastest, up 9.8% to $48.22M, while Slovakia fell the most, down 19.5% to $28.39M.
Bel Fuse stopped reporting United States ($513.52M in fiscal 2016) and North America ($513.52M in fiscal 2016) as separate regions.
Bel Fuse (BELFA) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Power Solutions & Protection was its largest segment, bringing in $713.61M (52.8% of the total), followed by Connectivity Solutions at $464.57M (34.4%).
Power Solutions & Protection was Bel Fuse's largest segment in fiscal 2025, bringing in $713.61M, or 52.8% of the $1.35B total across its three segments.
Sales Channel, Directly To Consumer was Bel Fuse's largest product and service line in fiscal 2025, bringing in $560.25M, or 77.8% of the $719.90M total across its two product and service lines.
Macao was Bel Fuse's largest region in fiscal 2017, bringing in $335.36M, or 34.1% of the $983.11M total across its eight regions.
Among Bel Fuse's segments that make up at least 2% of revenue, Power Solutions & Protection grew fastest in fiscal 2025, up 45.3% from $491.10M to $713.61M.
Every figure comes from Bel Fuse's annual financial filings, as reported. Each line keeps the name Bel Fuse gives it, and years follow its fiscal calendar.
Bel Fuse's revenue by segment goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.