Bel Fuse or Celestica: Which Stock Has More Upside?
Celestica fell -6.1% during the past Day. You may be tempted to buy more, or may want to reduce your exposure. But there is an entirely different perspective you might be missing. Is there a better alternative? Turns out, its peer Bel Fuse gives you more. Bel Fuse (BELFA) stock offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs Celestica (CLS) stock, suggesting you may be better off investing in BELFA
- BELFA’s quarterly revenue growth was 44.8%, vs. CLS’s 27.8%.
- In addition, its Last 12 Months revenue growth came in at 23.7%, ahead of CLS’s 22.1%.
- BELFA leads on profitability over both periods – LTM margin of 14.4% and 3-year average of 14.3%.
These differences become even clearer when you look at the financials side by side. The table highlights how CLS’s fundamentals stack up against those of BELFA on growth, margins, momentum, and valuation multiples.
Valuation & Performance Overview
| CLS | BELFA | Preferred | |
|---|---|---|---|
| Valuation | |||
| P/EBIT Ratio | 35.1 | 25.2 | BELFA |
| Revenue Growth | |||
| Last Quarter | 27.8% | 44.8% | BELFA |
| Last 12 Months | 22.1% | 23.7% | BELFA |
| Last 3 Year Average | 18.9% | 2.7% | CLS |
| Operating Margins | |||
| Last 12 Months | 8.5% | 14.4% | BELFA |
| Last 3 Year Average | 6.2% | 14.3% | BELFA |
| Momentum | |||
| Last 3 Year Return | 2141.4% | 414.4% | BELFA |
Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: CLS Revenue Comparison | BELFA Revenue Comparison
See more margin details: CLS Operating Income Comparison | BELFA Operating Income Comparison
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See detailed fundamentals on Buy or Sell BELFA Stock and Buy or Sell CLS Stock. Below we compare market return and related metrics across years.
Historical Market Performance
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | Avg | Best | |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| CLS Return | 38% | 1% | 160% | 215% | 220% | 5% | 3738% | <=== | |
| BELFA Return | 15% | 117% | 102% | 40% | 69% | 23% | 1366% | ||
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% | ||
| Monthly Win Rates [3] | |||||||||
| CLS Win Rate | 67% | 50% | 67% | 75% | 58% | 100% | 69% | ||
| BELFA Win Rate | 67% | 67% | 58% | 50% | 50% | 100% | 65% | ||
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | 71% | <=== | |
| Max Drawdowns [4] | |||||||||
| CLS Max Drawdown | -12% | -26% | -6% | -6% | -28% | -2% | -13% | ||
| BELFA Max Drawdown | 0% | -1% | -7% | -9% | -34% | 0% | -9% | ||
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | -7% | <=== | |
[1] Cumulative total returns since the beginning of 2021
[2] 2026 data is for the year up to 1/22/2026 (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read BELFA Dip Buyer Analyses and CLS Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.
Still not sure about CLS or BELFA? Consider portfolio approach.
Portfolios Are The Smarter Way To Invest
Single stocks swing wildly but staying invested matters. A well built portfolio keeps you invested, captures upside and softens the blows from individual stocks
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.