Littelfuse
LFUS · NasdaqSwitchgear & Switchboard Apparatus · Fiscal year ends Dec 26
Littelfuse reported revenue of $2.4B in the fiscal year ended Dec 2025, up 8.9% from the year before. Operating income was $38M, an operating margin of 1.6%, and net income was −$72M. Operating cash flow of $434M less capital expenditure of $68M left free cash flow of $366M. Net debt was $239M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.5B | $2.4B | $2.2B | $2.4B |
| Cost of revenue | $1.3B | $1.5B | $1.5B | $1.4B | $1.5B |
| Gross profit | $772M | $1B | $900M | $788M | $906M |
| Research & development | $66M | $96M | $102M | $108M | $107M |
| Selling, general & admin | $275M | $345M | $355M | $350M | $382M |
| Operating income | $386M | $501M | $361M | $159M | $38M |
| Interest expense | $19M | $26M | $40M | $39M | $34M |
| Pre-tax income | $341M | $443M | $329M | $152M | $4M |
| Income tax | $57M | $70M | $69M | $52M | $75M |
| Net income | $284M | $373M | $259M | $100M | −$72M |
| Diluted EPS | 11.38 | 14.94 | 10.34 | 4.00 | −2.89 |
| Diluted shares | 25M | 25M | 25M | 25M | 25M |
Balance sheet
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $478M | $563M | $556M | $725M | $563M |
| Receivables | $275M | $307M | $287M | $294M | $363M |
| Inventory | $446M | $548M | $475M | $416M | $416M |
| Current assets | $1.3B | $1.5B | $1.4B | $1.6B | $1.4B |
| Net PP&E | $438M | $481M | $493M | $477M | $541M |
| Goodwill | $930M | $1.2B | $1.3B | $1.2B | $1.2B |
| Total assets | $3.2B | $3.9B | $4B | $3.9B | $4B |
| Payables | $222M | $209M | $174M | $188M | $211M |
| Current liabilities | $435M | $572M | $375M | $434M | $533M |
| Short-term debt | $25M | $135M | $14M | $68M | $96M |
| Long-term debt | $612M | $867M | $858M | $789M | $706M |
| Total liabilities | – | $1.7B | $1.5B | $1.5B | $1.5B |
| Shareholders' equity | $1.9B | $2.2B | $2.5B | $2.4B | $2.4B |
Cash flow
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $373M | $420M | $457M | $368M | $434M |
| Capital expenditure | $91M | $104M | $86M | $76M | $68M |
| Free cash flow | $283M | $315M | $371M | $292M | $366M |
| Depreciation & amortisation | $99M | $121M | $137M | $68M | $75M |
| Stock-based compensation | $20M | $24M | $24M | $26M | $27M |
| Acquisitions | $424M | $533M | $199M | $0 | $408M |
| Share buybacks | $0 | $0 | $0 | $41M | $28M |
| Dividends paid | $50M | $56M | $62M | $67M | $72M |
| Dividend per share | 2.02 | 2.26 | 2.50 | 2.70 | 2.90 |
Key ratios
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 20.9% | −6.0% | −7.3% | 8.9% |
| Operating income growth (YoY) | – | 29.9% | −27.9% | −56.0% | −76.4% |
| EPS growth (YoY) | – | 31.3% | −30.8% | −61.3% | −172.3% |
| Gross margin | 37.1% | 40.1% | 38.1% | 35.9% | 38.0% |
| Operating margin | 18.5% | 19.9% | 15.3% | 7.2% | 1.6% |
| Net margin | 13.6% | 14.8% | 11.0% | 4.6% | −3.0% |
| Return on equityBlank when equity is negative | 15.0% | 16.9% | 10.5% | 4.2% | −3.0% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.2% | 15.0% | 10.0% | 4.6% | 1.1% |
| Free cash flow margin | 13.6% | 12.5% | 15.7% | 13.3% | 15.3% |
| Cash conversion (CFO ÷ net income) | 1.32x | 1.12x | 1.76x | 3.67x | −6.05x |
| Receivable days | 48 | 45 | 44 | 49 | 56 |
| Inventory days | 124 | 133 | 118 | 108 | 103 |
| Payable days | 62 | 51 | 43 | 49 | 52 |
| Interest cover | 20.8x | 19.1x | 9.05x | 4.10x | 1.09x |
| Debt ÷ equity | 0.34x | 0.45x | 0.35x | 0.35x | 0.33x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $158M | $439M | $316M | $131M | $239M |
| Current ratio | 2.92x | 2.64x | 3.75x | 3.58x | 2.69x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.