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BDCBelden Inc.
$107.41$4.2B
Overview & Verdict
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BDC logoBelden Inc.(BDC)Earnings, Financials & Key Ratios

BDC•NYSE
$107.41
18.2× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryCommunication EquipmentSub-IndustryEnterprise Networking and Wi-Fi
AboutBelden Inc. provides portfolio of signal transmission solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. It operates in two segments, Enterprise Solutions and Industrial Solutions. The Enterprise Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, and signal extension and matrix switching systems for use in applications, such as local area networks, data centers, access control, 5G, fiber, and home and building automation. It also provides power, cooling, and airflow management products for mission-critical data center operations; and end-to-end copper and fiber network systems. This segment serves commercial real estate, hospitality, healthcare, education, financial, government, and broadband and wireless service providers, as well as end-markets, including sport venues, stadiums, data centers, military installations, and academia. The Industrial Solutions segment offers infrastructure components and on-machine connectivity systems; and industrial Ethernet switches, network management software, routers, firewalls, gateways, input/output (I/O) connectors/systems, industrial Ethernet cables, optical fiber industrial Ethernet cables, Fieldbus cables, IP and networking cables, I/O modules, distribution boxes, and customer specific wiring solutions. This segment provides its products for use in applications comprising network and fieldbus infrastructure; sensor and actuator connectivity; and power, control, and data transmission; and supplies heat-shrinkable tubing and wire management products to protect and organize wire and cable assemblies. It serves distributors, original equipment manufacturers, installers, and end-users. The company was formerly known as Belden CDT Inc. and changed its name to Belden Inc. in May 2007. Belden Inc. was founded in 1902 and is based in St. Louis, Missouri.Show more
  • Revenue$2.72B+10.3%
  • EBITDA$461M+20.7%
  • Net Income$238M+19.7%
  • EPS (Diluted)5.91+23.1%
  • Gross Margin36.03%-3.9%
  • EBITDA Margin16.98%+9.4%
  • Operating Margin12.22%+12.8%
  • Net Margin8.75%+8.5%
  • ROE18.56%+15.1%

BDC Price & Volume

Belden Inc. (BDC) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Revenue Volatility Masks Operational Margin Constraints

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical industrial demand volatility

Key Thesis Takeaways

  • Belden Inc.
  • faces a complex outlook characterized by significant cyclical revenue swings, which reached an 11.4% year-over-year growth rate in 2026Q1 despite persistent margin compression.
  • While the company maintains a stable $1.4 billion debt load and a healthy 2.09 current ratio, investors should monitor the $1.0 billion goodwill concentration and the decoupling of net income from cash flow.
  • The aggressive capital allocation strategy, evidenced by $84.5 million in share repurchases during 2025Q1, warrants caution given the recent negative free cash flow of $63.1 million in 2026Q1.

Verdict Logic

while the forward P/E of 14.92 suggests potential value, the inconsistent cash conversion and negative 9.1% free cash flow margin in 2026Q1 indicate significant operational risks that require further stabilization.

BDC Growth Metrics

Belden Inc. (BDC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years1.63%
5 Years9.16%
3 Years1.37%
TTM9.28%

Profit CAGR

10 Years13.63%
5 Years-
3 Years-2.3%
TTM11.06%

EPS CAGR

10 Years14.39%
5 Years37.33%
3 Years1.1%
TTM14.67%

Return on Capital

10 Years9.64%
5 Years11.67%
3 Years11.46%
Last Year11.95%

BDC Recent Earnings

Belden Inc. (BDC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.77+3.5%
$1.71
Rev
$696M+2.9%
$677M
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$2.08+7.8%
$1.93
Rev
$720M+3.3%
$697M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.97+3.7%
$1.90
Rev
$698M+0.2%
$697M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$1.89+9.9%
$1.72
Rev
$672M-0.9%
$678M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.77vs $1.71+3.5%
$696Mvs $677M+2.9%
Q1 2026Feb 12, 2026
$2.08vs $1.93+7.8%
$720Mvs $697M+3.3%
Q4 2025Oct 30, 2025
$1.97vs $1.90+3.7%
$698Mvs $697M+0.2%
Q3 2025Jul 31, 2025
$1.89vs $1.72+9.9%
$672Mvs $678M-0.9%
Based on last 12 quarters of dataView full earnings history →

Latest BDC News

Recent stock market news and headlines for Belden Inc. (BDC)

Business Wire·14h ago
Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2026 Third Quarter Results

NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, www.golubcapitalbdc.com) (“GBDC”), announced today that it will report its financial results for the quarter ended June 30, 2026 on Monday, August 3, 2026 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 10:00 a.m. (Eastern Time) on Tuesday, August 4, 2026 to discuss its quarterly financial results. All interested parties may register to par.

Business Wire·15h ago
Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its second quarter ended June 30, 2026 financial results after the market closes on Thursday, August 6, 2026. GS BDC will also host an earnings conference call on Friday, August 7, 2026 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Investor Resources section of.

Zacks Investment Research·4 days ago
All You Need to Know About Belden (BDC) Rating Upgrade to Buy

Belden (BDC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Seeking Alpha·5 days ago
Kayne Anderson BDC Is Stronger Than You Think

Kayne Anderson BDC remains a buy, offering an attractive risk-to-reward profile despite sector headwinds and recent underperformance. KBDC trades at a 16% discount to BV, with nearly 12% dividend yield and ~107.5% NII coverage, supporting dividend safety. Portfolio diversification is strong, with minimal (2%) software/technology exposure, reducing AI disruption risk relative to peers.

Business Wire·6 days ago
Vistance Networks Completes Divestiture of RUCKUS Networks Business to Belden Corporation

RICHARDSON, Texas--(BUSINESS WIRE)-- #InvestorRelations--Vistance Networks (NASDAQ: VISN) announced the closing of the transaction to sell its RUCKUS Networks business to Belden Corporation (NYSE: BDC).

Peers Comparison

Key metrics vs top competitors for Belden Inc. (BDC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BDC logoBDCBelden Inc.Current
$107.41$4.18B18.1710.33%8.75%18.56%0.18%
CCOI logoCCOICogent Communications Holdings, Inc.
$11.66$583.66M-3.07-5.82%-17.88%——
COMM logoCOMMCommScope Holding Company, Inc.
$17.82$3.95B-10.01-7.87%1.16%——
VIAV logoVIAVViavi Solutions Inc.
$40.22$9.31B268.138.39%-4.03%-6.92%—
PLXS logoPLXSPlexus Corp.
$255.94$6.86B40.891.82%4.35%12.83%—
APH logoAPHAmphenol Corporation
$158.61$195B47.4951.71%17.28%34.57%—

Compare BDC vs Peers

Belden Inc. (BDC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CCOI

Most directly comparable listed peer for BDC.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare BDC against a more recognizable public peer.

Peer Set

Compare Top 5

vs CCOI, COMM, VIAV, PLXS

BDC SEC Filings & Documents

Belden Inc. (BDC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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BDC Frequently Asked Questions

Belden Inc. (BDC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Belden Inc.'s revenue?

Belden Inc. (BDC) reported $2.79B in revenue for fiscal year 2025. This represents a 680% increase from $357.4M in 1996.

How fast is Belden Inc. growing?

Belden Inc. (BDC) grew revenue by 10.3% over the past year. This is steady growth.

Is BDC profitable?

Yes, Belden Inc. (BDC) is profitable, generating $236.6M in net income for fiscal year 2025 (8.7% net margin).

Dividend & Returns
Does BDC pay dividends?

Yes, Belden Inc. (BDC) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.

What is BDC's return on equity?

Belden Inc. (BDC) has a return on equity (ROE) of 18.6%. This is reasonable for most industries.

What is Belden Inc.'s free cash flow?

Belden Inc. (BDC) generated $180.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BDC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →