BDC Financials Belden Inc.

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 46 d ago 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$2.7B	$238M	38.0%	11.6%	18.8%	6.7%	$219M	$1.3B	$390M
2024	$2.5B	$198M	37.5%	10.8%	15.3%	6.0%	$223M	$1.1B	$370M
2023	$2.5B	$243M	38.0%	12.6%	20.8%	7.5%	$203M	$1.2B	$597M
2022	$2.6B	$255M	35.2%	13.9%	22.3%	8.1%	$176M	$1.2B	$688M
2021	$2.3B	$64M	33.5%	11.5%	6.7%	1.9%	$181M	$1.5B	$642M
2020	$1.8B	-$55M	32.9%	8.6%	-7.3%	-1.8%	$83M	$1.6B	$501M
2019	$2.1B	-$377M	37.2%	9.7%	-39.3%	-11.1%	$167M	$1.4B	$407M
2018	$2.2B	$161M	38.3%	14.5%	11.6%	4.3%	$191M	$1.5B	$407M
2017	$2.1B	$93M	38.4%	11.2%	6.5%	2.4%	$191M	$1.6B	$541M
2016	—	$128M	—	—	8.8%	3.4%	$261M	$1.6B	$848M
2015	—	$66M	—	—	8.0%	2.0%	$186M	$1.7B	$217M
2014	—	$74M	—	—	9.2%	2.3%	$155M	$1.7B	$741M
2013	—	$103M	—	—	12.4%	3.8%	$124M	$1.4B	$613M
2012	—	$194M	—	—	24.0%	7.5%	$98M	$1.2B	$395M
2011	—	$114M	—	—	16.5%	6.4%	$145M	$551M	$383M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$750M	$69M	39.1%	13.2%	5.0%	1.9%	$89M	$1.2B	$349M
Mar '26	$696M	$51M	37.1%	11.2%	4.0%	1.5%	-$63M	$1.3B	$272M
Dec '25	$720M	$68M	36.6%	12.2%	5.4%	1.9%	$121M	$1.3B	$390M
Sep '25	$698M	$57M	37.7%	10.9%	4.6%	1.6%	$65M	$1.3B	$314M
Jun '25	$672M	$61M	38.5%	11.8%	4.9%	1.8%	$57M	$1.3B	$301M
Mar '25	$625M	$52M	39.3%	11.6%	4.2%	1.6%	-$25M	$1.2B	$259M
Dec '24	$666M	$58M	37.5%	10.4%	4.5%	1.8%	$116M	$1.1B	$370M
Sep '24	$655M	$54M	37.3%	11.5%	4.3%	1.6%	$67M	$1.2B	$323M
Jun '24	$604M	$49M	37.5%	11.4%	4.0%	1.4%	$61M	$1.2B	$565M
Mar '24	$536M	$37M	37.6%	9.9%	3.2%	1.2%	-$22M	$1.2B	$507M
Dec '23	$551M	$38M	37.4%	8.0%	3.3%	1.2%	$105M	$1.2B	$597M
Oct '23	$627M	$72M	38.5%	15.2%	6.0%	2.3%	$76M	$1.1B	$531M
Jul '23	$692M	$69M	37.8%	13.4%	5.9%	2.2%	$68M	$1.2B	$515M
Apr '23	$642M	$63M	38.3%	13.3%	5.6%	2.1%	-$46M	$1.2B	$589M
Dec '22	$659M	$62M	37.4%	11.9%	5.4%	2.0%	$148M	$1.2B	$688M
Oct '22	$670M	$98M	35.6%	19.3%	8.7%	3.3%	$68M	$1.0B	$547M
Jul '22	$667M	$59M	33.4%	12.3%	5.6%	1.9%	$29M	$1.1B	$528M
Apr '22	$610M	$36M	34.2%	12.0%	3.8%	1.2%	-$69M	$1.2B	$560M
Dec '21	$612M	-$50M	34.0%	11.4%	-5.2%	-1.5%	$135M	$1.5B	$642M
Oct '21	$605M	$41M	33.6%	12.4%	4.4%	1.2%	$51M	$1.5B	$458M

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 19.6× (Sep '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.7× (Sep '26).
The dividend yield has fallen from 0.3% (Mar '23) to 0.2% (Sep '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 Sep '26, Belden Inc. traded at a price-to-earnings ratio of about 19.6× (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.