Littelfuse (LFUS) AI Stock Analysis

• Market Cap: $8.19B
• Dividend Yield: 1.12%
• Average Volume (3M): 307.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.51
• Revenue Growth: 5.78%
• EPS Growth: -32.34%
• Country: US
• Employees: 16,000
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 2.69
• Shares Outstanding: 25,107,674
• 10 Day Avg. Volume: 367,031
• 30 Day Avg. Volume: 307,038
• PEG Ratio: 0.53
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 2.74
• P/FCF Ratio: 17.83
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 3.59
• Enterprise Value/Gross Profit: 9.46
• Enterprise Value/Ebitda: 37.31
• 1Y Price Target: $366.67
• Price Target Upside: 12.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 12.68
• Revenue Forecast (FY): $2.60B

• Rating: 62 Neutral
• Price Target: $345.00 ▲(5.77% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven mainly by solid balance-sheet strength and strong free-cash-flow generation, partially offset by a sharp reported profitability deterioration in 2025. Earnings-call guidance and improving operational momentum (growth, margins, bookings, and Basler contribution) provide meaningful support, while technicals are mixed and valuation is constrained by negative earnings and a modest dividend yield.

Positive Factors

Balance Sheet Strength

Littelfuse’s very low leverage (debt-to-equity ~0.07) and sizable asset base provide durable financial flexibility. That conservatism supports multi-year design-in programs, funds capital expenditures or opportunistic M&A, and cushions the business through end-market cycles.

Strong Cash Generation

Sustained operating cash flow and meaningful free cash flow in 2025 demonstrate robust cash conversion. Reliable FCF underpins reinvestment in R&D and capacity, funds dividends/accretive deals or debt reduction, and supports management’s target of strong conversion.

Strategic M&A and Bookings Momentum

The Basler acquisition, plus >20% bookings growth and doubled data-center design wins, materially expands high-power/grid and data-center exposure. This improves multi-year backlog visibility, diversifies revenue mix toward higher-margin industrial/grid applications, and supports durable growth.

Negative Factors

Profitability Deterioration

A swing to a 2025 net loss and a sharp EBITDA margin compression signal structural pressure below gross profit, likely from operating costs, one-offs, or underperforming units. Persistently weaker margins would reduce ROIC and limit funds available for growth and shareholder returns.

Large Goodwill Impairment

The $301M impairment tied to prior acquisitions highlights execution and integration shortfalls. It reduces tangible equity, raises questions about historical M&A discipline, and increases scrutiny on future deals and the company’s ability to realize expected synergies from acquired businesses.

Portfolio Rationalization & Execution Risk

Management’s move to cut commoditized power-semiconductor SKUs and optimize manufacturing creates transition risk—potential customer disruption, short-term revenue loss, and retooling costs. Combined with commodity-cost pass-through timing, this may pressure margins until changes stabilize.

Littelfuse Business Overview & Revenue Model

Company Description

Littelfuse, Inc. manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors. This segment serves industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers, telecommunications, medical devices, alternative energy, building and home automation, appliances, and mobile electronics markets. Its Transportation segment provides blade, resettable, and high-current and high-voltage fuses, as well as battery cable protectors for hybrid and electric vehicles; fuses, switches, relays, circuit breakers, and power distribution modules for the commercial vehicles; and sensor products. This segment serves original equipment manufacturers, Tier-I suppliers, and parts distributors in the passenger car, heavy duty truck, off-road vehicles, material handling, agricultural, construction, and other commercial vehicle end markets. The company's Industrial segment offers industrial fuses, protection relays, contactors, transformers, 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 industrial automation. It sells its products through distributors, direct sales force, and manufacturers' representatives. Littelfuse, Inc. was founded in 1927 and is headquartered in Chicago, Illinois.

How the Company Makes Money

Littelfuse makes money primarily by selling its electrical protection, power control, and sensing products to original equipment manufacturers (OEMs), electronics manufacturers, and industrial/transportation customers through a mix of direct sales and distribution channels. Its core revenue streams are product sales of (1) circuit protection components and modules (e.g., fuses, TVS/ESD protection, polymer resettable devices) used to safeguard equipment from overcurrent and overvoltage events; (2) power control products (e.g., power semiconductors, switches, relays) used to switch, drive, and manage electrical power in systems; and (3) sensing products (various sensors) that measure conditions and enable monitoring and control in equipment and vehicles. Revenue is generally tied to unit volumes shipped and product mix (with pricing influenced by specification, performance, reliability, and certification requirements), and is supported by design-in wins where Littelfuse components are specified into customers’ platforms and programs for multi-year production cycles. Additional factors that can contribute to earnings include the company’s breadth of catalog offerings sold via distributors for ongoing replacement/maintenance demand and its participation in regulated or high-reliability applications where qualification and switching costs can support recurring demand. Specific material partnerships and customer concentration details: null.

Littelfuse Financial Statement Overview

Summary

Mixed fundamentals: the balance sheet is conservatively levered (debt-to-equity ~0.07) and cash generation is strong (2025 operating cash flow ~$434M; free cash flow ~$366M), but profitability weakened materially with a 2025 net loss (-$71.7M) and a sharp EBITDA margin decline (~5.8% vs ~14.7% in 2024).

Income Statement

Revenue rebounded in 2025 (annual) to $2.39B (+2.8% growth), but profitability deteriorated sharply: net income swung to a -$71.7M loss and EBITDA margin compressed to ~5.8% from ~14.7% in 2024 and ~21.3% in 2023. Gross margin held relatively steady (~38%), suggesting the pressure is below the gross profit line (operating costs/other items), making the earnings trend the key weakness despite stable top-line scale.

Balance Sheet

The balance sheet looks conservative in 2025 with low leverage: total debt of ~$168M against equity of ~$2.43B (debt-to-equity ~0.07), a major improvement from ~0.38–0.47 in prior years. Total assets are steady near ~$4.0B, providing scale and stability. The main drawback is returns: 2025 return on equity is negative due to the net loss, so strong capitalization is currently offset by weak profitability.

Cash Flow

Cash generation remained solid in 2025 despite the reported loss: operating cash flow was ~$434M and free cash flow was ~$366M (down ~4% year over year but still healthy). Free cash flow stayed positive and sizable, indicating resilience and good cash conversion, although cash-flow growth has softened versus the stronger 2021–2023 period.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.39B	2.19B	2.36B	2.51B	2.08B
Gross Profit	906.04M	787.54M	900.24M	1.01B	771.93M
EBITDA	138.51M	321.03M	505.89M	589.97M	458.19M
Net Income	-71.70M	100.19M	259.49M	373.31M	283.81M
Balance Sheet
Total Assets	3.96B	3.89B	4.00B	3.90B	3.15B
Cash, Cash Equivalents and Short-Term Investments	563.68M	725.90M	555.75M	562.67M	478.50M
Total Debt	946.16M	930.57M	933.52M	1.06B	668.22M
Total Liabilities	1.53B	1.48B	1.51B	1.69B	1.26B
Stockholders Equity	2.43B	2.41B	2.48B	2.21B	1.89B
Cash Flow
Free Cash Flow	366.13M	291.74M	371.20M	315.38M	282.78M
Operating Cash Flow	433.76M	367.62M	457.39M	419.72M	373.34M
Investing Cash Flow	-468.86M	-65.78M	-284.32M	-636.40M	-499.16M
Financing Cash Flow	-149.27M	-112.44M	-185.73M	310.20M	-68.98M

Littelfuse Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 326.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LFUS, the sentiment is Positive. The current price of 326.18 is below the 20-day moving average (MA) of 345.19, above the 50-day MA of 320.66, and above the 200-day MA of 264.98, indicating a neutral trend. The MACD of -1.74 indicates Positive momentum. The RSI at 46.69 is Neutral, neither overbought nor oversold. The STOCH value of 55.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LFUS.

Littelfuse Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BMI	71 Outperform	$4.28B	38.15	20.71%	0.82%	12.11%	16.45%
CGNX	71 Outperform	$7.95B	46.06	7.72%	0.89%	10.23%	25.53%
ITRI	69 Neutral	$4.04B	13.96	18.49%	―	0.14%	14.12%
MKSI	69 Neutral	$14.35B	36.46	11.54%	0.54%	8.13%	780.20%
ST	68 Neutral	$5.00B	155.81	1.11%	1.43%	-8.07%	63.50%
LFUS	62 Neutral	$8.19B	-91.06	-2.82%	1.12%	5.78%	-32.34%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Littelfuse Corporate Events

Littelfuse Expands Revolving Credit Facility to Boost Liquidity

On March 12, 2026, Littelfuse, Inc. amended and restated its existing bank credit facility, entering into a new $800 million senior unsecured revolving credit agreement with a syndicate of lenders led by Bank of America, N.A. The revised facility, which replaces the prior June 30, 2022 arrangement, increases the aggregate revolving commitment from $700 million to $800 million and extends the maturity date to March 12, 2031, while eliminating the unsecured term loan component.

The agreement can be used to refinance existing debt and fund working capital, capital expenditures, and permitted acquisitions, and also allows Littelfuse to further upsize the facility or add term loans in minimum $25 million increments, subject to covenant compliance. The facility is structured with performance-based interest pricing tied to benchmark rates in multiple currencies, includes customary financial covenants on leverage and interest coverage, and features standard default provisions, reinforcing the company’s liquidity profile and financial flexibility for future corporate needs.

The most recent analyst rating on (LFUS) stock is a Hold with a $356.00 price target. To see the full list of analyst forecasts on Littelfuse stock, see the LFUS Stock Forecast page.

Littelfuse Expands Board, Appoints Independent Technology Director

On March 4, 2026, the Littelfuse board of directors expanded from eight to nine members and appointed Holly B. Paeper as an independent director and member of its Technology Committee, with the move announced publicly on March 5, 2026. Paeper, a seasoned executive who leads the Commercial HVAC Americas business at Trane Technologies and holds board roles in the HVAC and thermal management space, brings deep experience in thermal management, building technologies, and data center solutions that closely align with Littelfuse’s focus on safe and efficient electrical energy transfer.

Littelfuse disclosed that it has sold approximately $19 million of products to Trane and its affiliates since December 29, 2024, underscoring existing commercial ties even as Paeper qualifies as an independent director under Nasdaq rules. Her appointment, accompanied by standard non-employee director compensation including a pro-rated restricted stock unit grant, is expected to strengthen the board’s technology oversight and strategic perspective across the company’s core end markets, potentially enhancing its positioning in industrial, data center, and energy-efficiency applications.

The most recent analyst rating on (LFUS) stock is a Hold with a $407.00 price target. To see the full list of analyst forecasts on Littelfuse stock, see the LFUS Stock Forecast page.

Littelfuse Announces Executive Vice President Ryan Stafford’s Separation

On January 7, 2026, Littelfuse, Inc. announced that it had agreed with Ryan K. Stafford, its Executive Vice President of Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary, to his separation from the company, effective April 30, 2026. Under a letter agreement dated January 7, 2026, Stafford will receive a lump-sum severance payment under the company’s executive severance policy, accelerated vesting of half of his January 23, 2025 restricted stock unit grant, a prorated 2026 annual incentive bonus, and limited continuation or reimbursement of certain welfare and fringe benefits, contingent on his signing a separation and release agreement that includes standard confidentiality, release of claims and non‑disparagement provisions, underscoring a structured and negotiated leadership transition for stakeholders.

The most recent analyst rating on (LFUS) stock is a Buy with a $293.00 price target. To see the full list of analyst forecasts on Littelfuse stock, see the LFUS Stock Forecast page.