Belden Inc. (BDC)

NYSE Information Technology Electronic Components S&P MidCap 400

$97.83

+1.58 (+1.64%)

Close of Nov 06, 2026 · end-of-day data

Source: Belden Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.36B	$2.39B	$2.59B	$2.13B	$1.75B	$2.30B	$2.61B	$2.51B	$2.46B	$2.72B
Cost of revenue	$1.38B	$1.28B	$1.34B	$1.34B	$1.18B	$1.53B	$1.69B	$1.56B	$1.54B	$1.68B
Gross profit	$981.32M	$802.32M	$829.91M	$793.50M	$575.62M	$771.84M	$916.29M	$954.97M	$922.22M	$1.03B
Research & development	$140.52M	$88.75M	$91.55M	$94.36M	$73.02M	$90.23M	$104.35M	$116.43M	$112.36M	$128.76M
Selling, general & admin	$486.40M	$389.74M	$411.35M	$417.33M	$323.45M	$378.03M	$448.64M	$492.70M	$494.60M	$533.37M
Operating income	$232.08M	$233.64M	$314.01M	$207.21M	$150.11M	$263.68M	$363.33M	$317.52M	$266.46M	$315.69M
Pre-tax income	$126.46M	$97.99M	$230.08M	$152.41M	$90.82M	$226.78M	$317.39M	$285.76M	$227.94M	$266.87M
Income tax	-$1.19M	-$4.62M	$62.94M	$42.52M	$20.10M	$27.94M	$49.65M	$43.20M	$29.53M	$29.34M
Net income	$128.00M	$93.21M	$160.89M	-$377.01M	-$55.16M	$63.92M	$254.66M	$242.76M	$198.43M	$237.52M
EBITDA	$377.68M	$383.29M	$462.64M	$346.47M	$258.80M	$351.66M	$452.07M	$416.96M	$382.20M	$445.12M
EPS (basic)	$2.67	$1.38	$3.10	$-9.37	$-1.23	$1.43	$5.81	$5.75	$4.88	$6.00
EPS (diluted)	$2.65	$1.37	$3.08	$-9.37	$-1.23	$1.41	$5.72	$5.66	$4.80	$5.91
Diluted shares	42.56M	42.64M	40.96M	42.42M	44.94M	45.36M	44.54M	42.86M	41.30M	40.21M
Gross margin	41.6%	33.6%	32.1%	37.2%	32.9%	33.5%	35.2%	38.0%	37.5%	38.0%
Operating margin	9.8%	9.8%	12.1%	9.7%	8.6%	11.5%	13.9%	12.6%	10.8%	11.6%
Net margin	5.4%	3.9%	6.2%	-17.7%	-3.1%	2.8%	9.8%	9.7%	8.1%	8.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$848.12M	$541.35M	$407.45M	$407.48M	$500.67M	$641.56M	$687.68M	$597.04M	$370.30M	$389.89M
Receivables	$388.06M	$473.57M	$335.96M	$334.63M	$296.82M	$383.44M	$440.10M	$413.81M	$409.71M	$462.85M
Inventory	$190.41M	$297.23M	$265.00M	$231.33M	$247.30M	$345.20M	$341.56M	$366.99M	$343.10M	$402.35M
Total current assets	$1.48B	$1.37B	$1.26B	$1.38B	$1.10B	$1.88B	$1.54B	$1.46B	$1.20B	$1.35B
Goodwill	$1.39B	$1.21B	$1.21B	$1.24B	$789.74M	$821.45M	$862.25M	$907.33M	$1.02B	$1.04B
Total assets	$3.81B	$3.84B	$3.78B	$3.41B	$3.14B	$3.42B	$3.16B	$3.24B	$3.33B	$3.54B
Total current liabilities	$570.28M	$678.93M	$716.92M	$722.54M	$520.76M	$752.87M	$639.92M	$633.50M	$622.70M	$697.50M
Short-term debt	$0	—	—	—	—	—	—	—	—	$0
Long-term debt	$1.62B	$1.56B	$1.46B	$1.44B	$1.57B	$1.46B	$1.16B	$1.20B	$1.13B	$1.29B
Total debt	$1.62B	$1.56B	$1.46B	$1.44B	$1.57B	$1.46B	$1.16B	$1.20B	$1.13B	$1.29B
Total liabilities	$2.35B	$2.41B	$2.39B	$2.45B	$2.39B	$2.46B	$2.02B	$2.07B	$2.03B	$2.28B
Shareholders' equity	$1.46B	$1.43B	$1.39B	$959.85M	$750.58M	$955.29M	$1.14B	$1.17B	$1.29B	$1.26B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$314.79M	$255.30M	$289.22M	$276.89M	$173.36M	$272.06M	$281.30M	$319.64M	$352.08M	$354.86M
Capital expenditures	$53.97M	$64.26M	$97.85M	$110.00M	$90.22M	$90.98M	$105.09M	$116.73M	$129.10M	$136.17M
Free cash flow	$260.82M	$191.04M	$191.37M	$166.89M	$83.15M	$181.07M	$176.20M	$202.91M	$222.98M	$218.69M
Investing cash flow	-$73.26M	-$230.12M	-$140.68M	-$184.37M	-$31.64M	-$92.00M	$168.41M	-$200.36M	-$426.75M	-$128.24M
Financing cash flow	$401.70M	-$331.45M	-$281.77M	-$86.95M	-$74.91M	-$32.93M	-$393.21M	-$211.93M	-$143.72M	-$217.77M
Dividends paid	$16.08M	$43.38M	$43.17M	$34.44M	$9.03M	$9.06M	$8.95M	$8.50M	$8.20M	$7.97M
Share buybacks	$0	$25.00M	—	—	—	—	—	—	—	—
Stock-based compensation	$18.18M	$14.65M	$18.50M	$17.75M	$20.03M	$24.87M	$23.68M	$21.02M	$27.53M	$30.02M
Depreciation & amortization	$145.59M	$149.65M	$148.63M	$139.26M	$108.69M	$87.99M	$88.74M	$99.45M	$115.74M	$129.43M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$551.24M	$535.67M	$604.34M	$654.93M	$666.04M	$624.86M	$671.99M	$698.22M	$720.12M	$696.38M	$750.16M	$965.95M
Cost of revenue	$344.88M	$334.08M	$377.53M	$410.92M	$416.23M	$379.02M	$413.42M	$435.02M	$456.55M	$438.29M	$456.53M	$627.20M
Gross profit	$206.37M	$201.60M	$226.81M	$244.00M	$249.82M	$245.84M	$258.57M	$263.20M	$263.57M	$258.09M	$293.62M	$338.75M
Research & development	$25.88M	$27.00M	$28.46M	$27.94M	$28.97M	$28.42M	$33.94M	$33.86M	$32.54M	$30.09M	$31.71M	$55.22M
Selling, general & admin	$126.41M	$110.77M	$119.50M	$126.98M	$137.36M	$131.52M	$131.92M	$139.41M	$130.51M	$138.65M	$147.83M	$211.96M
Operating income	$43.95M	$53.02M	$68.91M	$75.35M	$69.18M	$72.63M	$79.24M	$76.29M	$87.54M	$77.96M	$99.26M	$16.76M
Pre-tax income	$36.32M	$45.67M	$60.12M	$64.78M	$57.37M	$62.08M	$66.67M	$64.25M	$73.86M	$62.77M	$85.20M	-$25.53M
Income tax	-$2.19M	$8.36M	$11.09M	$11.09M	-$1.01M	$10.14M	$5.67M	$7.56M	$5.97M	$11.74M	$16.67M	-$14.18M
Net income	$38.47M	$37.31M	$49.04M	$53.69M	$58.38M	$51.94M	$61.01M	$56.69M	$67.89M	$51.03M	$68.54M	-$11.35M
EBITDA	$69.43M	$80.01M	$94.89M	$106.42M	$100.88M	$102.41M	$111.30M	$109.85M	$121.56M	$110.42M	$135.35M	$95.15M
EPS (basic)	$0.94	$0.91	$1.21	$1.32	$1.45	$1.29	$1.54	$1.43	$1.73	$1.31	$1.76	$-0.29
EPS (diluted)	$0.92	$0.90	$1.19	$1.30	$1.41	$1.27	$1.53	$1.41	$1.70	$1.30	$1.74	$-0.29
Diluted shares	-270.00K	41.49M	41.20M	41.42M	-72.00K	40.84M	40.00M	40.14M	-114.00K	39.40M	39.28M	39.08M
Gross margin	37.4%	37.6%	37.5%	37.3%	37.5%	39.3%	38.5%	37.7%	36.6%	37.1%	39.1%	35.1%
Operating margin	8.0%	9.9%	11.4%	11.5%	10.4%	11.6%	11.8%	10.9%	12.2%	11.2%	13.2%	1.7%
Net margin	7.0%	7.0%	8.1%	8.2%	8.8%	8.3%	9.1%	8.1%	9.4%	7.3%	9.1%	-1.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$597.04M	$506.83M	$564.75M	$322.98M	$370.30M	$259.00M	$301.49M	$314.26M	$389.89M	$272.15M	$348.65M	$380.71M
Receivables	$413.81M	$356.40M	$396.85M	$430.18M	$409.71M	$419.97M	$454.68M	$461.34M	$462.85M	$499.09M	$534.16M	$684.35M
Inventory	$366.99M	$374.42M	$374.99M	$368.44M	$343.10M	$373.05M	$388.79M	$393.91M	$402.35M	$423.12M	$420.59M	$555.07M
Total current assets	$1.46B	$1.31B	$1.41B	$1.20B	$1.20B	$1.13B	$1.22B	$1.26B	$1.35B	$1.28B	$1.39B	$1.73B
Goodwill	$907.33M	$901.92M	$1.03B	$1.06B	$1.02B	$1.02B	$1.03B	$1.04B	$1.04B	$1.03B	$1.03B	$2.03B
Total assets	$3.24B	$3.12B	$3.52B	$3.34B	$3.33B	$3.27B	$3.40B	$3.44B	$3.54B	$3.46B	$3.57B	$5.97B
Total current liabilities	$633.50M	$514.53M	$829.65M	$579.31M	$622.70M	$588.23M	$615.59M	$631.45M	$697.50M	$613.63M	$652.79M	$951.32M
Short-term debt	—	—	—	—	—	—	—	—	$0	—	—	$18.50M
Long-term debt	$1.20B	$1.18B	$1.16B	$1.22B	$1.13B	$1.18B	$1.27B	$1.28B	$1.29B	$1.26B	$1.23B	$3.03B
Total debt	$1.20B	$1.18B	$1.16B	$1.22B	$1.13B	$1.18B	$1.27B	$1.28B	$1.29B	$1.26B	$1.23B	$3.05B
Total liabilities	$2.07B	$1.96B	$2.30B	$2.11B	$2.03B	$2.05B	$2.17B	$2.19B	$2.28B	$2.18B	$2.18B	$4.58B
Shareholders' equity	$1.17B	$1.16B	$1.22B	$1.24B	$1.29B	$1.22B	$1.23B	$1.24B	$1.26B	$1.28B	$1.38B	$1.39B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$159.65M	$2.72M	$82.96M	$91.68M	$174.72M	$7.44M	$82.03M	$105.01M	$160.39M	-$18.67M	$129.22M	$129.64M
Capital expenditures	$54.86M	$24.25M	$22.00M	$24.51M	$58.34M	$32.20M	$25.15M	$39.68M	$39.14M	$44.39M	$40.66M	$47.81M
Free cash flow	$104.78M	-$21.53M	$60.96M	$67.16M	$116.38M	-$24.76M	$56.88M	$65.33M	$121.25M	-$63.06M	$88.56M	$81.83M
Investing cash flow	-$54.86M	-$24.19M	-$21.47M	-$320.58M	-$60.51M	-$24.18M	-$25.14M	-$39.80M	-$39.12M	-$44.39M	-$40.65M	-$1.92B
Financing cash flow	-$44.53M	-$64.94M	-$2.46M	-$17.42M	-$58.90M	-$96.78M	-$19.42M	-$54.16M	-$47.40M	-$53.08M	-$10.63M	$1.82B
Dividends paid	$2.09M	$2.08M	$2.04M	$2.04M	$2.04M	$2.02M	$2.01M	$1.98M	$1.97M	$1.97M	$1.95M	$1.95M
Stock-based compensation	$6.18M	$6.40M	$8.25M	$7.44M	$5.45M	$7.78M	$6.83M	$8.01M	$7.40M	$9.16M	$9.04M	$11.08M
Depreciation & amortization	$25.47M	$26.99M	$25.98M	$31.07M	$31.70M	$29.78M	$32.07M	$33.56M	$34.02M	$32.46M	$36.09M	$78.39M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.