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Belden Inc (BDC) financials

For the twelve months ended Sep 27, 2026, Belden Inc reported $3.13B of revenue and $176.10M of net income.

Revenue, TTM
$3.13B
Revenue growth, YoY
+17.7%
Net income, TTM
$176.10M
Net income growth, YoY
-22.8%
Net margin
5.6%
Free cash flow, TTM
$228.59M
EPS, diluted, TTM
$4.45
EPS growth, YoY
-20.8%
Cash
$380.71M
Total debt
$3.05B
P/E
23.74
P/S
1.33
Market cap
$4.18B
Annual revenue$2.72B
FY2016FY2025
Annual net income$237.52M
FY2016FY2025
Annual free cash flow$218.69M
FY2016FY2025

BDC revenue and earnings growth

BDC revenueQ3 2026$965.95M

Quarter YoY
+38.3%
QoQ
+28.8%
FY YoY
+10.3%
5Y CAGR
+9.2%

BDC revenue was $965.95M in fiscal Q3 2026 (ended Sep 27, 2026), up 38.3% from a year earlier and up 28.8% from the prior quarter. For the full fiscal 2025 it was $2.72B, up 10.3% from fiscal 2024. Compound annual growth was +9.2% over 5 years. It rose in 4 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

BDC net incomeQ3 2026-$11.35M

FY YoY
+19.7%
10Y CAGR
+13.6%

BDC net income was -$11.35M in fiscal Q3 2026 (ended Sep 27, 2026), compared with $56.69M a year earlier. For the full fiscal 2025 it was $237.52M, up 19.7% from fiscal 2024. Compound annual growth was +13.6% over 10 years. It rose in 2 of the last 4 fiscal years.

BDC EPSQ3 2026-$0.29

FY YoY
+23.1%
10Y CAGR
+14.4%

BDC diluted EPS was -$0.29 in fiscal Q3 2026 (ended Sep 27, 2026), compared with $1.41 a year earlier. For the full fiscal 2025 it was $5.91, up 23.1% from fiscal 2024. Compound annual growth was +14.4% over 10 years.

BDC free cash flowQ3 2026$81.83M

Quarter YoY
+25.3%
QoQ
-7.6%
FY YoY
-1.9%
5Y CAGR
+21.3%
10Y CAGR
+1.6%

BDC free cash flow was $81.83M in fiscal Q3 2026 (ended Sep 27, 2026), up 25.3% from a year earlier and down 7.6% from the prior quarter. For the full fiscal 2025 it was $218.69M, down 1.9% from fiscal 2024. Compound annual growth was +21.3% over 5 years and +1.6% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$2.72B$2.46B$2.51B$2.61B$2.30B$1.75B$2.13B$2.17B$2.09B$2.36B
Cost of revenue$1.68B$1.54B$1.56B$1.69B$1.53B$1.18B$1.34B$1.34B$1.28B$1.38B
Gross profit$1.03B$922.22M$954.97M$916.29M$771.84M$575.62M$793.50M$829.91M$802.32M$981.32M
Research and development$128.76M$112.36M$116.43M$104.35M$90.23M$73.02M$94.36M$91.55M$88.75M$140.52M
Selling, general and admin$533.37M$494.60M$492.70M$448.64M$378.03M$323.45M$417.33M$411.35M$389.74M$486.40M
Operating income$315.69M$266.46M$317.52M$363.33M$263.68M$150.11M$207.21M$314.01M$233.64M$232.08M
Pre-tax income$266.87M$227.94M$285.76M$317.39M$226.78M$90.82M$152.41M$230.08M$97.99M$126.46M
Income tax$29.34M$29.53M$43.20M$49.65M$27.94M$20.10M$42.52M$62.94M-$4.62M-$1.19M
Net income$237.52M$198.43M$242.76M$254.66M$63.92M-$55.16M-$377.01M$160.89M$93.21M$128.00M
EPS, basic$6.00$4.88$5.75$5.81$1.43-$1.23-$9.37$3.10$1.38$2.67
EPS, diluted$5.91$4.80$5.66$5.72$1.41-$1.23-$9.37$3.08$1.37$2.65
Diluted shares40.2M41.3M42.9M44.5M45.4M44.9M42.4M41.0M42.6M42.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$389.89M$370.30M$597.04M$687.68M$643.76M$501.99M$425.88M$420.61M$561.11M$848.12M
Receivables$462.85M$409.71M$413.81M$440.10M$383.44M$296.82M$334.63M$335.96M$473.57M$388.06M
Inventory$402.35M$343.10M$366.99M$341.56M$345.20M$247.30M$231.33M$265.00M$297.23M$190.41M
Current assets$1.35B$1.20B$1.46B$1.54B$1.88B$1.10B$1.38B$1.26B$1.37B$1.48B
Goodwill$1.04B$1.02B$907.33M$862.25M$821.45M$789.74M$1.24B$1.21B$1.21B$1.39B
Total assets$3.54B$3.33B$3.24B$3.16B$3.42B$3.14B$3.41B$3.78B$3.84B$3.81B
Current liabilities$697.50M$622.70M$633.50M$639.92M$752.87M$520.76M$722.54M$716.92M$678.93M$570.28M
Short-term debt$0--------$0
Long-term debt$1.29B$1.13B$1.20B$1.16B$1.46B$1.57B$1.44B$1.46B$1.56B$1.62B
Total debt$1.29B$1.13B$1.20B$1.16B$1.46B$1.57B$1.44B$1.46B$1.56B$1.62B
Total liabilities-$2.03B$2.07B$2.02B$2.46B$2.38B$2.44B$2.39B$2.41B$2.35B
Shareholders' equity$1.26B$1.29B$1.17B$1.14B$956.08M$757.05M$965.82M$1.39B$1.43B$1.46B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$354.86M$352.08M$319.64M$281.30M$272.06M$173.36M$276.89M$289.22M$255.30M$314.79M
Capital expenditures$136.17M$129.10M$116.73M$105.09M$90.98M$90.22M$110.00M$97.85M$64.26M$53.97M
Free cash flow$218.69M$222.98M$202.91M$176.20M$181.07M$83.15M$166.89M$191.37M$191.04M$260.82M
Investing cash flow-$128.24M-$426.75M-$200.36M$168.41M-$92.00M-$31.64M-$184.37M-$140.68M-$230.12M-$73.26M
Financing cash flow-$217.77M-$143.72M-$211.93M-$393.21M-$32.93M-$74.91M-$86.95M-$281.77M-$331.45M$401.70M
Dividends paid$7.97M$8.20M$8.50M$8.95M$9.06M$9.03M$34.44M$43.17M$43.38M$16.08M
Share repurchases--------$25.00M$0
Stock-based compensation$30.02M$27.53M$21.02M$23.68M$24.87M$20.03M$17.75M$18.50M$14.65M$18.18M
Depreciation and amortization$129.43M$115.74M$99.45M$88.74M$87.99M$108.69M$139.26M$148.63M$149.65M$145.59M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY10.3%-2.0%-3.6%13.3%31.3%-17.8%-1.6%3.8%-11.4%-
Net income growth, YoY19.7%-18.3%-4.7%298.4%---72.6%-27.2%93.3%
EPS growth, YoY23.1%-15.2%-1.0%305.7%---124.8%-48.3%72.1%
Gross margin38.0%37.5%38.0%35.2%33.5%32.9%37.2%38.3%38.4%41.6%
Operating margin11.6%10.8%12.6%13.9%11.5%8.6%9.7%14.5%11.2%9.8%
Net margin8.7%8.1%9.7%9.8%2.8%-3.1%-17.7%7.4%4.5%5.4%
Free cash flow margin8.1%9.1%8.1%6.8%7.9%4.7%7.8%8.8%9.2%11.1%
Return on equity18.8%15.3%20.8%22.3%6.7%-7.3%-39.0%11.6%6.5%8.8%
Return on assets6.7%6.0%7.5%8.1%1.9%-1.8%-11.1%4.3%2.4%3.4%
Current ratio1.931.922.302.402.492.111.911.762.022.59
Debt to equity1.020.871.031.021.532.081.491.051.091.11

Source: XBRL data Belden Inc files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

BDC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BDC$3.13B+17.7%$176.10M5.6%$4.18B
VZ$139.39B+1.4%$16.42B11.8%$190.90B
TMUS$93.82B+9.3%$11.30B12.0%$178.71B
T$128.85B+3.5%$13.13B10.2%$146.82B
GLW$17.72B+18.8%$2.24B12.6%$99.88B
AMXMXN 943.64B+8.6%MXN 82.82B8.8%$78.39B
LITE$3.74B+103.2%-$6.58B-175.8%$54.07B
CIEN$6.02B+32.6%$654.41M10.9%$38.19B
CHTNT$236.11B+2.7%NT$38.70B16.4%$37.90B

BDC FAQ

9 questions
  • What is BDC revenue?
    Belden Inc (BDC) reported $3.13B of revenue for the twelve months ended Sep 27, 2026. That is up 17.7% from the year before. Revenue for fiscal 2025 was $2.72B.
  • Is BDC profitable?
    Yes. Belden Inc earned $176.10M in net income for the twelve months ended Sep 27, 2026, a net margin of 5.6%.
  • How much cash and debt does BDC have?
    Belden Inc reported $380.71M in cash and cash equivalents and $3.05B of debt on its most recent balance sheet in SEC filings.
  • How fast is BDC revenue growing?
    Belden Inc's revenue changed +10.3% in fiscal 2025, to $2.72B. Its compound annual growth rate was +9.2% over 5 years.
  • What is BDC gross margin?
    Belden Inc's gross profit was $1.15B on $3.13B of revenue for the twelve months ended Sep 27, 2026, a gross margin of 36.8%.
  • What is BDC free cash flow?
    Belden Inc generated $228.59M of free cash flow for the twelve months ended Sep 27, 2026, which is operating cash flow of $400.59M less capital expenditures.
  • What is BDC earnings per share?
    Diluted earnings per share were $4.45 for the twelve months ended Sep 27, 2026, from SEC filings, restated for any stock split those filings show.
  • When did BDC last report financial results?
    The latest statements here come from Belden Inc's 10-Q filed on Oct 29, 2026, covering the period ended Sep 27, 2026.
  • Where does this BDC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Belden Inc files with the SEC. It is provided for information only and is not investment advice.