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’s revenue grew from approximately 465.8 million USD in 2020 to a peak of 654.2 million USD in 2022. This moderate revenue expansion was accompanied by a steady increase in gross profit—from 119.7 million in 2020 to 215.8 million in 2023—even as the margins improved despite fluctuations in sales volume. Operating income and net income followed a similar upward trend until 2023, with operating income rising from 18.7 million USD in 2020 to 88.0 million USD in 2023 and net income growing from 12.8 million to 73.8 million USD over the same period. These improvements suggest the company was able to efficiently leverage its revenue growth into higher profitability, likely benefiting from operational enhancements or economies of scale during strong market demand for electronic components. However, 2024 marked a noticeable reversal across key metrics. Revenue dropped to 534.8 million USD—a decline of nearly 17% from 2023—while operating income fell by about 27% and net income decreased by roughly 44% compared to the previous year. Such significant year-over-year declines may indicate heightened competitive pressures, changes in market demand, or operational challenges affecting cost structures. Overall, while BEL FUSE INC demonstrated robust financial growth from 2020 to 2023, the sharp downturn in 2024 raises concerns about near-term sustainability. The company’s overall financial health appears solid in terms of past profitability and margin expansion, but maintaining and stabilizing this performance amid market volatility will be critical for sustaining its long-term financial viability in a competitive industry.
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.