BDC · Belden Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.72B | $2.46B | $2.51B | $2.61B | $2.41B | $1.86B |
| Cost of Revenue | $1.68B | $1.54B | $1.56B | $1.69B | $1.55B | $1.20B |
| Gross Profit | $1.03B | $922.22M | $954.97M | $916.29M | $854.36M | $663.29M |
| R&D | $128.76M | $112.36M | $116.43M | $104.35M | $124.66M | $107.30M |
| SG&A | $533.37M | $494.60M | $492.70M | $448.64M | $426.33M | $366.19M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $129.43M | $115.74M | $99.45M | $88.74M | $87.99M | $108.69M |
| Operating Income | $315.69M | $266.46M | $317.52M | $363.33M | $124.56M | $125.41M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $29.34M | $29.53M | $43.20M | $49.65M | $25.20M | $11.72M |
| Net Income | $237.52M | $198.43M | $242.76M | $254.66M | $63.92M | ($55.16M) |
| EPS - Basic | $6.00 | $4.88 | $5.75 | $5.81 | $1.43 | ($1.23) |
| EPS - Diluted | $5.91 | $4.80 | $5.66 | $5.72 | $1.41 | ($1.23) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $389.89M | $370.30M | $597.04M | $687.68M | $643.76M | $501.99M |
| Accounts Receivable | $462.85M | $409.71M | $413.81M | $440.10M | $412.22M | $296.82M |
| Inventory | $402.35M | $343.10M | $366.99M | $341.56M | $345.35M | $247.30M |
| Accounts Payable | $361.43M | $315.72M | $343.21M | $350.06M | $384.22M | $244.12M |
| Current Assets | $1.35B | $1.20B | $1.46B | $1.54B | $1.47B | $1.10B |
| Total Assets | $3.54B | $3.33B | $3.24B | $3.16B | $3.42B | $3.14B |
| Current Liabilities | $697.50M | $622.70M | $633.50M | $639.92M | $718.54M | $520.76M |
| Long-term Debt | $1.29B | $1.13B | $1.20B | $1.16B | $1.46B | $1.57B |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.26B | $1.29B | $1.17B | $1.14B | $955.29M | $750.58M |
| Retained Earnings | $1.41B | $1.18B | $985.81M | $751.52M | $505.72M | $450.88M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $354.86M | $352.08M | $319.64M | $281.30M | $272.06M | $173.36M |
| Investing Cash Flow | ($128.24M) | ($426.75M) | ($200.36M) | $168.41M | ($92.00M) | ($31.64M) |
| Financing Cash Flow | ($217.77M) | ($143.72M) | ($211.93M) | ($393.21M) | ($32.93M) | ($74.91M) |
| CapEx | $136.17M | $129.10M | $116.73M | $105.09M | $90.98M | $90.22M |
| Free Cash Flow | $218.69M | $222.98M | $202.91M | $176.20M | $181.07M | $83.15M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 38.0% | 37.5% | 38.0% | 35.2% | 35.5% | 35.6% |
| Operating margin | 11.6% | 10.8% | 12.6% | 13.9% | 5.2% | 6.7% |
| EBITDA margin | 16.4% | 15.5% | 16.6% | 17.3% | 8.8% | 12.6% |
| Net margin | 8.7% | 8.1% | 9.7% | 9.8% | 2.7% | -3.0% |
| Free cash flow margin | 8.1% | 9.1% | 8.1% | 6.8% | 7.5% | 4.5% |
| FCF / Net income | 0.92 | 1.12 | 0.84 | 0.69 | 2.83 | -1.51 |
| R&D / Revenue | 4.7% | 4.6% | 4.6% | 4.0% | 5.2% | 5.8% |
| SG&A / Revenue | 19.6% | 20.1% | 19.6% | 17.2% | 17.7% | 19.7% |
| Effective tax rate | 11.0% | 13.0% | 15.1% | 16.3% | 28.3% | - |
| Return on assets | 6.7% | 6.0% | 7.5% | 8.1% | 1.9% | -1.8% |
| Return on equity | 18.8% | 15.3% | 20.8% | 22.3% | 6.7% | -7.3% |
| Return on invested capital | 11.0% | 9.6% | 11.4% | 13.2% | 3.7% | 4.3% |
| Liquidity | ||||||
| Current ratio | 1.93 | 1.92 | 2.30 | 2.40 | 2.04 | 2.11 |
| Quick ratio | 1.36 | 1.37 | 1.72 | 1.87 | 1.56 | 1.63 |
| Cash ratio | 0.56 | 0.59 | 0.94 | 1.07 | 0.90 | 0.96 |
| Leverage | ||||||
| Debt / Equity | 1.02 | 0.87 | 1.03 | 1.02 | 1.53 | 2.10 |
| Debt / Assets | 0.36 | 0.34 | 0.37 | 0.37 | 0.43 | 0.50 |
| Debt / EBITDA | 2.89 | 2.96 | 2.89 | 2.57 | 6.87 | 6.72 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.80 | 2.57 | 2.78 | 2.77 | 3.58 | 4.18 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.77 | 0.74 | 0.78 | 0.82 | 0.70 | 0.59 |
| Inventory turnover | 4.19 | 4.48 | 4.24 | 4.95 | 4.50 | 4.85 |
| Days sales outstanding | 62d | 61d | 60d | 62d | 62d | 58d |
| Days inventory outstanding | 87d | 81d | 86d | 74d | 81d | 75d |
| Days payable outstanding | 78d | 75d | 80d | 76d | 90d | 74d |
| Cash conversion cycle | 71d | 67d | 66d | 60d | 53d | 59d |
| Valuation | ||||||
| P / E | 19.7x | 23.5x | 13.6x | 12.6x | 46.6x | - |
| P / B | 3.7x | 3.6x | 2.8x | 2.8x | 3.1x | 2.5x |
| P / S | 1.7x | 1.9x | 1.3x | 1.2x | 1.2x | 1.0x |
| EV / EBITDA | 12.5x | 14.2x | 9.4x | 8.1x | 17.9x | 12.6x |
| Growth | ||||||
| Revenue growth (YoY) | 10.3% | -2.0% | -3.6% | 8.2% | 29.3% | -10.8% |
| Revenue CAGR (3y) | 1.4% | 0.7% | 10.5% | 7.7% | 0.7% | - |
| Revenue CAGR (5y) | 7.8% | 3.3% | 1.3% | - | - | - |
| Gross profit growth (YoY) | 11.8% | -3.4% | 4.2% | 7.2% | 28.8% | -16.4% |
| Operating income growth (YoY) | 18.5% | -16.1% | -12.6% | 191.7% | -0.7% | -39.5% |
| Net income growth (YoY) | 19.7% | -18.3% | -4.7% | 298.4% | - | 85.4% |
| EPS growth (YoY) | 23.1% | -15.2% | -1.0% | 305.7% | - | 86.9% |
| EPS CAGR (3y) | 1.1% | 50.4% | - | - | -22.9% | - |
| EPS CAGR (5y) | - | - | 12.9% | 33.1% | -11.9% | - |
| FCF growth (YoY) | -1.9% | 9.9% | 15.2% | -2.7% | 117.8% | -50.2% |
| FCF CAGR (5y) | 21.3% | 6.0% | 1.2% | -1.6% | -7.0% | -14.4% |
| Book value growth (YoY) | -2.3% | 11.0% | 2.0% | 19.7% | 27.3% | -21.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.72B totalAutomation Solutions Segment$1.50B · 55.1%
Smart Infrastructure Solutions Segment$1.22B · 44.9%
Product / service
$2.72B totalAutomation Solutions$1.50B · 55.1%
Broadband Solutions$633.50M · 23.3%
Smart Buildings Solutions$585.92M · 21.6%
Affiliated Revenue$184.0K · 0.0%
Geographic
$3.93B totalUS$1.58B · 40.1%
Americas$964.57M · 24.5%
Other Countries$708.45M · 18.0%
CA$188.88M · 4.8%
EMEA$174.80M · 4.4%
DE$139.18M · 3.5%
CN$99.24M · 2.5%
Asia Pacific$80.05M · 2.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Drawing & Insulating of Nonferrous Wire
Comparing BELDEN INC. against the 2 most active filers in the same SIC group.
Dividends
$0.20/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 12, 2026 | $0.0500 |
| Dec 11, 2025 | $0.0500 |
| Sep 11, 2025 | $0.0500 |
| Jun 12, 2025 | $0.0500 |
| Mar 13, 2025 | $0.0500 |
| Dec 12, 2024 | $0.0500 |
| Sep 12, 2024 | $0.0500 |
| Jun 13, 2024 | $0.0500 |
| Mar 13, 2024 | $0.0500 |
| Dec 13, 2023 | $0.0500 |
| Sep 12, 2023 | $0.0500 |
| Jun 14, 2023 | $0.0500 |
| Mar 13, 2023 | $0.0500 |
| Dec 14, 2022 | $0.0500 |
| Sep 14, 2022 | $0.0500 |
| Jun 15, 2022 | $0.0500 |
| Mar 9, 2022 | $0.0500 |
| Dec 16, 2021 | $0.0500 |
| Sep 14, 2021 | $0.0500 |
| Jun 16, 2021 | $0.0500 |
| Mar 11, 2021 | $0.0500 |
| Dec 17, 2020 | $0.0500 |
| Sep 17, 2020 | $0.0500 |
| Jun 17, 2020 | $0.0500 |