Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $466 | $543 | $654 | $640 | $535 |
| Gross Profit | $120 | $134 | $183 | $216 | $202 |
| Operating Income | $19 | $31 | $65 | $88 | $64 |
| Net Income | $13 | $25 | $53 | $74 | $41 |
Over the five-year period, BEL FUSE INC showed robust growth early on, with revenue increasing from US$465.8 million in 2020 to US$654.2 million in 2022. This growth was accompanied by a steady rise in profitability metrics, as gross profit expanded from US$119.7 million to US$183.5 million, and operating income and net income more than tripled from US$18.7 million and US$12.8 million in 2020 to US$65.1 million and US$52.7 million in 2022, respectively. Notably, the operating income jumped by about 108% from 2021 to 2022, and net income more than doubled in successive years, reflecting improving operational efficiencies and possibly favorable market conditions within the electronics components sector, where BEL FUSE operates. However, performance notably declined in 2024. While 2023’s revenue of US$639.8 million represented only a modest 2.2% drop from 2022, the subsequent 2024 revenue fell about 16.4% to US$534.8 million. This downturn was even more pronounced in profitability metrics: operating income dropped nearly 27% from US$88.0 million in 2023 to US$64.3 million in 2024, and net income slid by roughly 44.5% to US$41.0 million. These significant declines suggest potential headwinds, such as tougher market competition or operational challenges, which impacted margins adversely. Overall, while BEL FUSE INC demonstrated strong, sustainable growth prospects through 2022, the steep reversal in 2024 calls for careful monitoring of operational adjustments and market trends to ensure long-term financial resilience.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.