BDC

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Belden Inc

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Key Metrics

Previous Close: $128.43
52-Week Range: $98.00 – $159.99
Market Cap: $4.84B
P/E (TTM): 20.82
EPS (TTM): 5.95
Dividend Yield: 0.16%

Advanced Metrics

Price/Book: 3.49
PEG Ratio: 1.05
Return on Equity: 18.64%
Return on Assets: 6.21%
Gross Margin: 37.66%
Operating Margin: 13.17%
Profit Margin: 8.52%
Current Ratio: 2.13
Debt/Equity: 0.97
Total Debt: $1.34B
Free Cash Flow: $108.23M
Revenue Growth: 11.60%
Earnings Growth: 13.70%
Enterprise Value: $5.84B

BDC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.61B	$2.51B	$2.46B	$2.72B
Cost of Revenue	$1.69B	$1.56B	$1.54B	$1.68B
Gross Profit	$916.29M	$954.97M	$922.22M	$1.03B
Research & Development	$104.35M	$116.43M	$112.36M	$128.76M
Selling, General & Admin	$448.64M	$492.70M	$494.60M	$533.37M
Operating Expenses	$590.85M	$649.50M	$655.76M	$715.48M
Operating Income	$325.44M	$305.46M	$266.46M	$315.69M
EBITDA	$449.69M	$418.83M	$381.99M	$442.65M
Pretax Income	$317.39M	$285.76M	$227.94M	—
Income Tax	$49.65M	$43.20M	$29.53M	$29.34M
Net Income	$254.66M	$242.76M	$198.43M	$237.52M
Diluted EPS	5.72	5.66	4.80	5.91
Diluted Shares	44.54M	42.86M	41.30M	40.21M

BDC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$687.68M	$597.04M	$370.30M	$389.89M
Receivables	$440.10M	$413.81M	$409.71M	$462.85M
Inventory	$341.56M	$366.99M	$343.10M	$402.35M
Current Assets	$1.54B	$1.46B	$1.20B	$1.35B
Total Assets	$3.16B	$3.24B	$3.33B	$3.54B
Current Liabilities	$639.92M	$633.50M	$622.70M	$697.50M
Long-Term Debt	$1.16B	$1.20B	$1.13B	$1.29B
Total Debt	$1.24B	$1.30B	$1.25B	$1.40B
Total Liabilities	$2.02B	$2.07B	$2.03B	$2.28B
Retained Earnings	$751.52M	$985.81M	$1.18B	$1.41B
Shareholders' Equity	$1.14B	$1.17B	$1.29B	$1.26B
Working Capital	$896.29M	$823.48M	$573.52M	$651.88M
Net Debt	$473.50M	$607.17M	$759.80M	$895.78M

BDC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$281.30M	$319.64M	$352.08M	$354.86M
Capital Expenditure	-$105.09M	-$116.73M	-$129.10M	-$136.17M
Free Cash Flow	$176.20M	$202.91M	$222.98M	$218.69M
Depreciation & Amortisation	$88.74M	$99.45M	$115.74M	$129.43M
Stock-Based Compensation	$23.68M	$21.02M	$27.53M	$30.02M
Investing Cash Flow	$168.41M	-$200.36M	-$426.75M	-$128.24M
Financing Cash Flow	-$393.21M	-$211.93M	-$143.72M	-$217.77M
Dividends Paid	-$8.95M	-$8.50M	-$8.20M	-$7.97M
Share Repurchases	-$150.00M	-$192.13M	-$134.31M	-$195.59M
Net Change in Cash	$56.49M	-$92.65M	-$218.40M	$8.86M

BDC Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$671.99M	$698.22M	$720.12M	$696.38M	$750.16M
Cost of Revenue	$413.42M	$435.02M	$456.55M	$438.29M	$456.53M
Gross Profit	$258.57M	$263.20M	$263.57M	$258.09M	$293.62M
Research & Development	$33.94M	$33.86M	$32.54M	$30.09M	$31.71M
Selling, General & Admin	$131.92M	$139.41M	$130.51M	$138.65M	$147.83M
Operating Expenses	$179.33M	$186.91M	$176.02M	$180.13M	$194.36M
Operating Income	$79.24M	$76.29M	$87.54M	$77.96M	$99.26M
EBITDA	$110.94M	$109.38M	$120.37M	$108.69M	$134.90M
Pretax Income	$66.67M	$64.25M	$73.86M	$62.77M	$85.20M
Income Tax	$5.67M	$7.56M	$5.97M	$11.74M	$16.67M
Net Income	$61.01M	$56.69M	$67.89M	$51.03M	$68.54M
Diluted EPS	1.53	1.41	1.70	1.30	1.74
Diluted Shares	40.00M	40.14M	39.88M	39.40M	39.28M

BDC Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$301.49M	$314.26M	$389.89M	$272.15M	$348.65M
Receivables	$454.68M	$461.34M	$462.85M	$499.09M	$534.16M
Inventory	$388.79M	$393.91M	$402.35M	$423.12M	$420.59M
Current Assets	$1.22B	$1.26B	$1.35B	$1.28B	$1.39B
Total Assets	$3.40B	$3.44B	$3.54B	$3.46B	$3.57B
Current Liabilities	$615.59M	$631.45M	—	$613.63M	$652.79M
Long-Term Debt	$1.27B	$1.28B	$1.29B	$1.26B	$1.23B
Total Debt	$1.37B	$1.38B	$1.40B	$1.35B	$1.32B
Total Liabilities	$2.17B	$2.19B	$2.28B	$2.18B	$2.18B
Retained Earnings	$1.28B	$1.34B	$1.41B	$1.45B	$1.52B
Shareholders' Equity	$1.23B	$1.24B	$1.26B	$1.28B	$1.38B
Working Capital	$607.04M	$627.88M	$651.88M	$666.25M	$741.05M
Net Debt	$969.85M	$970.18M	$895.78M	$988.21M	$881.91M

BDC Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$82.03M	$105.01M	$160.39M	-$18.67M	$129.22M
Capital Expenditure	-$25.15M	-$39.68M	-$39.14M	-$44.39M	-$40.66M
Free Cash Flow	$56.88M	$65.33M	$121.25M	-$63.06M	$88.56M
Depreciation & Amortisation	$32.07M	$33.56M	$34.02M	$32.46M	$36.09M
Stock-Based Compensation	$6.83M	$8.01M	$7.40M	$9.16M	$9.04M
Investing Cash Flow	-$25.14M	-$39.80M	-$39.12M	-$44.39M	-$40.65M
Financing Cash Flow	-$19.42M	-$54.16M	-$47.40M	-$53.08M	-$10.63M
Dividends Paid	-$2.01M	-$1.98M	-$1.97M	-$1.97M	-$1.95M
Share Repurchases	-$16.48M	-$50.00M	-$44.62M	-$30.38M	-$1.43M
Net Change in Cash	$37.46M	$11.04M	$73.87M	-$116.14M	$77.94M

Market Snapshot

About

Belden Inc. is a global supplier of specialty networking and connectivity products for industrial automation, enterprise, and broadcast markets. The company manufactures cables, connectivity components, networking equipment, and related solutions used in applications ranging from factory automation to data centers to audio/video production. Belden operates through segments including Enterprise Solutions (network infrastructure and cybersecurity) and Industrial Solutions (industrial connectivity and networking). Founded in 1902 as a maker of insulated wire, the company has evolved through acquisitions and innovation to serve critical infrastructure and automation markets. Headquartered in St. Louis, Missouri, Belden serves customers globally through direct sales, distributors, and channel partners. The company benefits from long-standing customer relationships, technical expertise, and mission-critical applications requiring high reliability and performance. Belden faces competition from larger diversified industrials and specialized connectivity providers while navigating global supply chains and cyclical end markets. The company continues to invest in innovation, strategic acquisitions, and solutions that address digitalization, Industry 4.0, and cybersecurity requirements.