Quality Investor

Littelfuse, Inc.

Rank #295Startup

LFUS · Nasdaq · Technology

Littelfuse, Inc. (LFUS) — Rank #295 by gross profitability (GP/assets 0.23) · ROE -2.9% · Piotroski F-Score 6 / 9.

As-of 2026-09-28 · CIK 0000889331 · all metrics point-in-time as of the filing date.

About

Littelfuse, Inc. designs, manufactures, and sells electronic components, modules, and subassemblies.

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It operates through three segments: Electronics, Transportation, and Industrial. Its Electronics segment offers fuses and fuse accessories, coefficient resettable fuses, switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing, and gas discharge tubes; and discrete transient voltage suppressor diodes, TVS diode arrays, protection and switching thyristors, silicon and silicon carbide metal-oxide-semiconductor field effect transistors and diodes, and insulated gate bipolar transistors. This segment serves data center computing and communications infrastructure, industrial controls, building controls, aerospace and defense, appliances, consumer electronics solutions, healthcare solutions, industrial equipment, energy storage, diversified industrials, grid and utility infrastructure, passenger vehicles, and commercial vehicles. Its Transportation segment provides blade, resettable, high-current, and high-voltage fuses; battery cable protectors; circuit breakers, and power distribution modules; and sensor products. This segment serves heavy-duty truck and bus, construction, agriculture, off-road and recreational vehicles, material handling, passenger and commercial vehicles, and marine markets. Its Industrial segment offers industrial fuses, protection relays, contactors, transformers, residual current devices and monitors, ground fault circuit interrupters, arc fault detection devices, solid state switches, and temperature sensors for use in renewable energy and energy storage systems, electric vehicle infrastructure, HVAC systems, industrial safety, non-residential construction, MRO, mining, and factory automation applications. It sells its products through distributors, direct sales force, and manufacturers' representatives.

The company was founded in 1927 and is headquartered in Rosemont, Illinois.

Industry
Electronic Components
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 26

Company Snapshot

P/S is the primary valuation lens for pre-profit companies.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

18,000

Industry

Electronic Components

Exchange

Nasdaq

Signal Flags

3 green2 red
Revenue growth acceleratingGrowth rate increasing year over year
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 1-quarter streak
Operating margin decliningOperating margin lower than prior year
Balance sheet deterioratingNet cash collapsed with receivables or inventory outpacing revenue

Quality Profile

Profitability

1/1 pass
GP / assets
0.23
Return on equity
-2.9%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.55
Current ratio
2.61×
Net cash
-$130.03M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
1.1%

Growth

2/2 pass
Revenue growth
8.9%
Piotroski F-Score
6 / 9
Share dilution
-0.9%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

Burn rate (cash flow) is the primary read at this stage — TAM and product-market fit aren't metrics this dashboard tracks.

Profitability

Gross profitability (GP / assets)

0.23

Primary signal (Novy-Marx).

41st pctl of 47 SIC 36 peers

Return on equity

-2.9%

Gross margin

38.0%

30th pctl of 47 SIC 36 peers

Revenue growth (YoY)

8.9%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-1.7%

Revenue CAGR (5Y)

10.5%

Earnings CAGR (3Y)

—

FCF CAGR (3Y)

5.1%

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.55

61st pctl of 45 SIC 36 peers (best = lowest)

Current ratio

2.61×

52nd pctl of 47 SIC 36 peers

Quick ratio

1.64×

Net cash

-$130.03M

Cash & equivalents minus total debt.

Recession resistance

Revenue through recessions

Worst single-year YoY revenue decline, 19 years of history

Moderate
2008-2009 (GFC)
N/AN/A
2020 (COVID)
-3.9%Mild decline
Worst year on record(any fiscal year, not recession-limited)
-12.5%Significant decline

Cash-flow health

Free cash flow

$366.13M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

6.11

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.1%

Stock-based comp intensity.

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
N/A0/5 Weak
FCF coverage
5.09×5/5 Strong
Dividend growth streak
10 yr5/5 Strong
Balance-sheet health
D/E 0.55 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

6 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20202025
Value
Hypergrowth
Op. Leverage
Decline
Startup