LFUSLITTELFUSE INC /DE
Switchgear & Switchboard Apparatus
- Revenue
- $2.4B
- 8.9% YoY
- Operating margin
- 1.6%
- 78% YoY
- EBITDA
- $112M
- 51% YoY
- Market cap
- $8.9B
- Employees
- 17,000
- $140K revenue each
- Net debt / EBITDA
- -1.7×
- −$195M net debt
- AI in 10-K
- 0.7
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo23% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo29% of assetsOver 40% of assets
- Shareholder dissentNo92% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$140K · 9th pctBottom quartile of its SIC industry
- Quiet on AINo0.7 per 10K words · 28th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 1.7× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$8.9B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$37M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $2.5B | $2.4B | $2.2B | $2.4B | 8.9% |
| Operating income | $501M | $361M | $159M | $38M | 76% |
| Net income | $373M | $259M | $100M | −$72M | 172% |
| Operating cash flow | $420M | $457M | $368M | $434M | 18% |
| Capex | $104M | $86M | $76M | $68M | 11% |
| Stock-based comp | $24M | $24M | $26M | $27M | 5.0% |
| Buybacks | $0 | $0 | $41M | $28M | 33% |
| Dividends | $56M | $62M | $67M | $72M | 7.4% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $37M · 57
- Net
- −$37M
Pay vs performance
No pay-versus-performance disclosure yet.