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 Nov 1, 2026, 10:30 UTC 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
Sep '26	$966M	-$11M	35.1%	1.7%	-0.8%	-0.2%	$82M	$3.1B	$381M
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

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 17.7× (Nov '26).
The price-to-sales ratio has risen from 1.3× (Mar '23) to 1.5× (Nov '26).
The dividend yield has fallen from 0.3% (Mar '23) to 0.2% (Nov '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?

Belden Inc.'s P/E (TTM) is 23.84 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BDC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.