CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · BDC

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin38.0%37.5%38.0%35.2%35.5%35.6%
Operating margin11.6%10.8%12.6%13.9%5.2%6.7%
EBITDA margin16.4%15.5%16.6%17.3%8.8%12.6%
Net margin8.7%8.1%9.7%9.8%2.7%-3.0%
Free cash flow margin8.1%9.1%8.1%6.8%7.5%4.5%
FCF / Net income0.921.120.840.692.83-1.51
R&D / Revenue4.7%4.6%4.6%4.0%5.2%5.8%
SG&A / Revenue19.6%20.1%19.6%17.2%17.7%19.7%
Effective tax rate11.0%13.0%15.1%16.3%28.3%-
Return on assets6.7%6.0%7.5%8.1%1.9%-1.8%
Return on equity18.8%15.3%20.8%22.3%6.7%-7.3%
Return on invested capital11.0%9.6%11.4%13.2%3.7%4.3%
Liquidity
Current ratio1.931.922.302.402.042.11
Quick ratio1.361.371.721.871.561.63
Cash ratio0.560.590.941.070.900.96
Leverage
Debt / Equity1.020.871.031.021.532.10
Debt / Assets0.360.340.370.370.430.50
Debt / EBITDA2.892.962.892.576.876.72
Interest coverage------
Equity multiplier2.802.572.782.773.584.18
Liabilities / Assets------
Efficiency
Asset turnover0.770.740.780.820.700.59
Inventory turnover4.194.484.244.954.504.85
Days sales outstanding62d61d60d62d62d58d
Days inventory outstanding87d81d86d74d81d75d
Days payable outstanding78d75d80d76d90d74d
Cash conversion cycle71d67d66d60d53d59d
Valuation
P / E19.7x23.5x13.6x12.6x46.6x-
P / B3.7x3.6x2.8x2.8x3.1x2.5x
P / S1.7x1.9x1.3x1.2x1.2x1.0x
EV / EBITDA12.5x14.2x9.4x8.1x17.9x12.6x
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 total
Automation Solutions Segment$1.50B · 55.1%
Smart Infrastructure Solutions Segment$1.22B · 44.9%

Product / service

$2.72B total
Automation 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 total
US$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

CompanyRevenue (last FY)Net marginROE
GLW$15.63B10.2%13.5%
OCC---

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-datePer 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