Belden Inc Financials
This page shows Belden Inc (BDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Belden Inc has an operating margin of 11.6%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is up from 10.8% the prior year.
Belden Inc's revenue declined 99.9% year-over-year, from $2.5B to $2.7M. This contraction results in a growth score of 0/100.
Belden Inc carries a low D/E ratio of 1.02, meaning only $1.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 73/100, indicating a strong balance sheet with room for future borrowing.
Belden Inc's current ratio of 1.93 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
Belden Inc has a free cash flow margin of 8.1%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.
Belden Inc earns a strong 18.8% return on equity (ROE), meaning it generates $19 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is up from 15.3% the prior year.
Belden Inc scores 1549.78, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.9B) relative to total liabilities ($2.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Belden Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Belden Inc generates $1.49 in operating cash flow ($355K OCF vs $238K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Belden Inc generated $2.7M in revenue in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Belden Inc's EBITDA was $445K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.
Belden Inc generated $219K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 99.9% from the prior year.
Belden Inc reported $238K in net income in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Belden Inc earned $5.91 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.1% from the prior year.
Belden Inc held $390K in cash against $1.3M in long-term debt as of fiscal year 2025.
Belden Inc paid $0.20 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Belden Inc had 39M shares outstanding in fiscal year 2025. This represents a decrease of 3.8% from the prior year.
Belden Inc's gross margin was 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Belden Inc's operating margin was 11.6% in fiscal year 2025, reflecting core business profitability. This is up 0.8 percentage points from the prior year.
Belden Inc's net profit margin was 8.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.
Belden Inc's ROE was 18.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Belden Inc invested $129K in research and development in fiscal year 2025. This represents a decrease of 99.9% from the prior year.
Belden Inc invested $136K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 99.9% from the prior year.
BDC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $698.2M+3.9% | $672.0M+7.5% | $624.9M-6.2% | $666.0M+10.2% | $604.3M+12.8% | $535.7M-2.8% | $551.2M-12.1% | $626.8M |
| Cost of Revenue | $435.0M+5.2% | $413.4M+9.1% | $379.0M-8.9% | $416.2M+10.2% | $377.5M+13.0% | $334.1M-3.1% | $344.9M-10.6% | $385.6M |
| Gross Profit | $263.2M+1.8% | $258.6M+5.2% | $245.8M-1.6% | $249.8M+10.1% | $226.8M+12.5% | $201.6M-2.3% | $206.4M-14.4% | $241.2M |
| R&D Expenses | $33.9M-0.2% | $33.9M+19.4% | $28.4M-1.9% | $29.0M+1.8% | $28.5M+5.4% | $27.0M+4.3% | $25.9M-14.3% | $30.2M |
| SG&A Expenses | $139.4M+5.7% | $131.9M+0.3% | $131.5M-4.3% | $137.4M+15.0% | $119.5M+7.9% | $110.8M-12.4% | $126.4M+7.1% | $118.1M |
| Operating Income | $76.3M-3.7% | $79.2M+9.1% | $72.6M+5.0% | $69.2M+0.4% | $68.9M+30.0% | $53.0M+20.6% | $44.0M-53.9% | $95.4M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$7.6M+5.6% | -$8.0M+6.4% | -$8.6M |
| Income Tax | $7.6M+33.5% | $5.7M-44.1% | $10.1M+1100.4% | -$1.0M-109.1% | $11.1M+32.7% | $8.4M+482.6% | -$2.2M-114.7% | $14.8M |
| Net Income | $56.7M-7.1% | $61.0M+17.5% | $51.9M-11.0% | $58.4M+19.0% | $49.0M+31.4% | $37.3M-3.0% | $38.5M-46.8% | $72.3M |
| EPS (Diluted) | $1.41-7.8% | $1.53+20.5% | $1.27-9.9% | $1.41+18.5% | $1.19+32.2% | $0.90-1.1% | $0.91-46.5% | $1.70 |
BDC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.4B+1.1% | $3.4B+3.9% | $3.3B-1.7% | $3.3B-5.5% | $3.5B+12.9% | $3.1B-3.7% | $3.2B+3.5% | $3.1B |
| Current Assets | $1.3B+3.0% | $1.2B+8.0% | $1.1B-5.3% | $1.2B-15.3% | $1.4B+7.5% | $1.3B-9.8% | $1.5B+3.2% | $1.4B |
| Cash & Equivalents | $314.3M+4.2% | $301.5M+16.4% | $259.0M-30.1% | $370.3M-34.4% | $564.8M+11.4% | $506.8M-15.1% | $597.0M+12.4% | $531.0M |
| Inventory | $393.9M+1.3% | $388.8M+4.2% | $373.0M+8.7% | $343.1M-8.5% | $375.0M+0.2% | $374.4M+2.0% | $367.0M+9.1% | $336.4M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $1.0B+0.2% | $1.0B+1.6% | $1.0B0.0% | $1.0B-1.2% | $1.0B+14.3% | $901.9M-0.6% | $907.3M+1.6% | $892.7M |
| Total Liabilities | $2.2B+1.4% | $2.2B+5.7% | $2.0B+0.7% | $2.0B-11.7% | $2.3B+17.3% | $2.0B-5.3% | $2.1B+7.5% | $1.9B |
| Current Liabilities | $631.4M+2.6% | $615.6M+4.7% | $588.2M-5.5% | $622.7M-24.9% | $829.7M+61.2% | $514.5M-18.8% | $633.5M+14.5% | $553.2M |
| Long-Term Debt | $1.3B+1.0% | $1.3B+7.9% | $1.2B+4.3% | $1.1B-3.0% | $1.2B-1.3% | $1.2B-2.0% | $1.2B+5.1% | $1.1B |
| Total Equity | $1.2B+0.6% | $1.2B+1.0% | $1.2B-5.6% | $1.3B+6.1% | $1.2B+5.5% | $1.2B-0.9% | $1.2B-2.8% | $1.2B |
| Retained Earnings | $1.3B+4.3% | $1.3B+4.8% | $1.2B+4.2% | $1.2B+10.1% | $1.1B+4.6% | $1.0B+3.6% | $985.8M+3.8% | $949.4M |
BDC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $105.0M+28.0% | $82.0M+1002.4% | $7.4M-95.7% | $174.7M+110.6% | $83.0M+2948.8% | $2.7M-98.3% | $159.6M+51.6% | $105.3M |
| Capital Expenditures | $39.7M+57.8% | $25.2M-21.9% | $32.2M-44.8% | $58.3M+165.2% | $22.0M-9.3% | $24.3M-55.8% | $54.9M+88.3% | $29.1M |
| Free Cash Flow | $65.3M+14.9% | $56.9M+329.7% | -$24.8M-121.3% | $116.4M+90.9% | $61.0M+383.2% | -$21.5M-120.5% | $104.8M+37.6% | $76.1M |
| Investing Cash Flow | -$39.8M-58.3% | -$25.1M-4.0% | -$24.2M+60.0% | -$60.5M-181.8% | -$21.5M+11.2% | -$24.2M+55.9% | -$54.9M-124.0% | -$24.5M |
| Financing Cash Flow | -$54.2M-178.9% | -$19.4M+79.9% | -$96.8M-64.3% | -$58.9M-2293.5% | -$2.5M+96.2% | -$64.9M-45.8% | -$44.5M+27.6% | -$61.5M |
| Dividends Paid | $2.0M-1.5% | $2.0M-0.5% | $2.0M-1.2% | $2.0M-0.1% | $2.0M-1.5% | $2.1M-0.7% | $2.1M-1.6% | $2.1M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BDC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.7%-0.8pp | 38.5%-0.9pp | 39.3%+1.8pp | 37.5%-0.0pp | 37.5%-0.1pp | 37.6%+0.2pp | 37.4%-1.0pp | 38.5% |
| Operating Margin | 10.9%-0.9pp | 11.8%+0.2pp | 11.6%+1.2pp | 10.4%-1.0pp | 11.4%+1.5pp | 9.9%+1.9pp | 8.0%-7.3pp | 15.2% |
| Net Margin | 8.1%-1.0pp | 9.1%+0.8pp | 8.3%-0.5pp | 8.8%+0.7pp | 8.1%+1.1pp | 7.0%-0.0pp | 7.0%-4.6pp | 11.5% |
| Return on Equity | 4.6%-0.4pp | 4.9%+0.7pp | 4.3%-0.3pp | 4.5%+0.5pp | 4.0%+0.8pp | 3.2%-0.1pp | 3.3%-2.7pp | 6.0% |
| Return on Assets | 1.7%-0.1pp | 1.8%+0.2pp | 1.6%-0.2pp | 1.8%+0.4pp | 1.4%+0.2pp | 1.2%0.0pp | 1.2%-1.1pp | 2.3% |
| Current Ratio | 1.990.0 | 1.99+0.1 | 1.930.0 | 1.92+0.2 | 1.70-0.9 | 2.55+0.3 | 2.30-0.3 | 2.55 |
| Debt-to-Equity | 1.030.0 | 1.03+0.1 | 0.96+0.1 | 0.87-0.1 | 0.95-0.1 | 1.02-0.0 | 1.03+0.1 | 0.96 |
| FCF Margin | 9.4%+0.9pp | 8.5%+12.4pp | -4.0%-21.4pp | 17.5%+7.4pp | 10.1%+14.1pp | -4.0%-23.0pp | 19.0%+6.9pp | 12.2% |
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Frequently Asked Questions
What is Belden Inc's annual revenue?
Belden Inc (BDC) reported $2.7M in total revenue for fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Belden Inc's revenue growing?
Belden Inc (BDC) revenue declined by 99.9% year-over-year, from $2.5B to $2.7M in fiscal year 2025.
Is Belden Inc profitable?
Yes, Belden Inc (BDC) reported a net income of $238K in fiscal year 2025, with a net profit margin of 8.8%.
What is Belden Inc's earnings per share (EPS)?
Belden Inc (BDC) reported diluted earnings per share of $5.91 for fiscal year 2025. This represents a 23.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Belden Inc's EBITDA?
Belden Inc (BDC) had EBITDA of $445K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Belden Inc have?
As of fiscal year 2025, Belden Inc (BDC) had $390K in cash and equivalents against $1.3M in long-term debt.
What is Belden Inc's gross margin?
Belden Inc (BDC) had a gross margin of 38.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Belden Inc's operating margin?
Belden Inc (BDC) had an operating margin of 11.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Belden Inc's net profit margin?
Belden Inc (BDC) had a net profit margin of 8.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Belden Inc pay dividends?
Yes, Belden Inc (BDC) paid $0.20 per share in dividends during fiscal year 2025.
What is Belden Inc's return on equity (ROE)?
Belden Inc (BDC) has a return on equity of 18.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Belden Inc's free cash flow?
Belden Inc (BDC) generated $219K in free cash flow during fiscal year 2025. This represents a -99.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Belden Inc's operating cash flow?
Belden Inc (BDC) generated $355K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Belden Inc's total assets?
Belden Inc (BDC) had $3.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Belden Inc's capital expenditures?
Belden Inc (BDC) invested $136K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Belden Inc spend on research and development?
Belden Inc (BDC) invested $129K in research and development during fiscal year 2025.
How many shares does Belden Inc have outstanding?
Belden Inc (BDC) had 39M shares outstanding as of fiscal year 2025.
What is Belden Inc's current ratio?
Belden Inc (BDC) had a current ratio of 1.93 as of fiscal year 2025, which is generally considered healthy.
What is Belden Inc's debt-to-equity ratio?
Belden Inc (BDC) had a debt-to-equity ratio of 1.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Belden Inc's return on assets (ROA)?
Belden Inc (BDC) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Belden Inc's Altman Z-Score?
Belden Inc (BDC) has an Altman Z-Score of 1549.78, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Belden Inc's Piotroski F-Score?
Belden Inc (BDC) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Belden Inc's earnings high quality?
Belden Inc (BDC) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Belden Inc?
Belden Inc (BDC) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.