15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 9.2% per year over the past 5 years.
Operating margin has expanded, at 11.6% in the latest year.
Free cash flow has grown 21.3% per year over the past 5 years.
Financial health
Total debt ($1.3B) exceeds cash ($390M); net debt is $896M.
Total debt has grown slower than revenue (-4.0% vs 9.2% per year).
Total debt is 2.9× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 3.4% of earnings and 3.6% of free cash flow.
The dividend has declined 2.5% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.7B
$238M
38.0%
11.6%
$219M
$1.3B
$390M
2024
$2.5B
$198M
37.5%
10.8%
$223M
$1.1B
$370M
2023
$2.5B
$243M
38.0%
12.6%
$203M
$1.2B
$597M
2022
$2.6B
$255M
35.2%
13.9%
$176M
$1.2B
$688M
2021
$2.3B
$64M
33.5%
11.5%
$181M
$1.5B
$642M
2020
$1.8B
-$55M
32.9%
8.6%
$83M
$1.6B
$501M
2019
$2.1B
-$377M
37.2%
9.7%
$167M
$1.4B
$407M
2018
$2.2B
$161M
38.3%
14.5%
$191M
$1.5B
$407M
2017
$2.1B
$93M
38.4%
11.2%
$191M
$1.6B
$541M
2016
—
$128M
—
—
$261M
$1.6B
$848M
2015
—
$66M
—
—
$186M
$1.7B
$217M
2014
—
$74M
—
—
$155M
$1.7B
$741M
2013
—
$103M
—
—
$124M
$1.4B
$613M
2012
—
$194M
—
—
$98M
$1.2B
$395M
2011
—
$114M
—
—
$145M
$551M
$383M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$696M
$51M
37.1%
11.2%
-$63M
$1.3B
$272M
Dec '25
$720M
$68M
36.6%
12.2%
$121M
$1.3B
$390M
Sep '25
$698M
$57M
37.7%
10.9%
$65M
$1.3B
$314M
Jun '25
$672M
$61M
38.5%
11.8%
$57M
$1.3B
$301M
Mar '25
$625M
$52M
39.3%
11.6%
-$25M
$1.2B
$259M
Dec '24
$666M
$58M
37.5%
10.4%
$116M
$1.1B
$370M
Sep '24
$655M
$54M
37.3%
11.5%
$67M
$1.2B
$323M
Jun '24
$604M
$49M
37.5%
11.4%
$61M
$1.2B
$565M
Mar '24
$536M
$37M
37.6%
9.9%
-$22M
$1.2B
$507M
Dec '23
$551M
$38M
37.4%
8.0%
$105M
$1.2B
$597M
Oct '23
$627M
$72M
38.5%
15.2%
$76M
$1.1B
$531M
Jul '23
$692M
$69M
37.8%
13.4%
$68M
$1.2B
$515M
Apr '23
$642M
$63M
38.3%
13.3%
-$46M
$1.2B
$589M
Dec '22
$659M
$62M
37.4%
11.9%
$148M
$1.2B
$688M
Oct '22
$670M
$98M
35.6%
19.3%
$68M
$1.0B
$547M
Jul '22
$667M
$59M
33.4%
12.3%
$29M
$1.1B
$528M
Apr '22
$610M
$36M
34.2%
12.0%
-$69M
$1.2B
$560M
Dec '21
$612M
-$50M
34.0%
11.4%
$135M
$1.5B
$642M
Oct '21
$605M
$41M
33.6%
12.4%
$51M
$1.5B
$458M
Jul '21
$576M
$44M
33.2%
11.9%
$49M
$1.5B
$423M
Valuation over time
How the market has priced BDC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 13.3× (Mar '23) to 19.9× (Jun '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.7× (Jun '26).
The dividend yield has fallen from 0.3% (Mar '23) to 0.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is BDC growing its revenue and profit?
Over the past 5 years, Belden Inc.'s revenue has grown 9.2% per year. These are computed facts, not advice.
How much debt does BDC have?
As of FY2025, Belden Inc. reported $1.3B of total debt against $390M of cash.
What is BDC's profit margin?
In FY2025, gross margin was 38.0%, operating margin 11.6%, and net margin 8.7%.
What is BDC's P/E ratio?
As of Jun '26, Belden Inc. traded at a price-to-earnings ratio of about 19.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.