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Side-by-side financial comparison of Allegion (ALLE) and BELDEN INC. (BDC). Click either name above to swap in a different company.
Allegion is the larger business by last-quarter revenue ($1.0B vs $696.4M, roughly 1.5× BELDEN INC.). Allegion runs the higher net margin — 13.4% vs 7.3%, a 6.0% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 9.7%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 3.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.
ALLE vs BDC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $696.4M |
| Net Profit | $138.1M | $51.0M |
| Gross Margin | 44.0% | 37.1% |
| Operating Margin | 18.9% | 11.2% |
| Net Margin | 13.4% | 7.3% |
| Revenue YoY | 9.7% | 11.4% |
| Net Profit YoY | -6.8% | -1.8% |
| EPS (diluted) | — | $1.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.0B | $696.4M | ||
| Q4 25 | $1.0B | $720.1M | ||
| Q3 25 | $1.1B | $698.2M | ||
| Q2 25 | $1.0B | $672.0M | ||
| Q1 25 | $941.9M | $624.9M | ||
| Q4 24 | $945.6M | $666.0M | ||
| Q3 24 | $967.1M | $654.9M | ||
| Q2 24 | $965.6M | $604.3M |
| Q1 26 | $138.1M | $51.0M | ||
| Q4 25 | $147.5M | $67.9M | ||
| Q3 25 | $188.4M | $56.7M | ||
| Q2 25 | $159.7M | $61.0M | ||
| Q1 25 | $148.2M | $51.9M | ||
| Q4 24 | $144.1M | $58.4M | ||
| Q3 24 | $174.2M | $53.7M | ||
| Q2 24 | $155.4M | $49.0M |
| Q1 26 | 44.0% | 37.1% | ||
| Q4 25 | 44.5% | 36.6% | ||
| Q3 25 | 45.8% | 37.7% | ||
| Q2 25 | 45.6% | 38.5% | ||
| Q1 25 | 44.9% | 39.3% | ||
| Q4 24 | 44.1% | 37.5% | ||
| Q3 24 | 44.7% | 37.3% | ||
| Q2 24 | 44.4% | 37.5% |
| Q1 26 | 18.9% | 11.2% | ||
| Q4 25 | 20.3% | 12.2% | ||
| Q3 25 | 21.8% | 10.9% | ||
| Q2 25 | 21.5% | 11.8% | ||
| Q1 25 | 20.9% | 11.6% | ||
| Q4 24 | 19.5% | 10.4% | ||
| Q3 24 | 22.2% | 11.5% | ||
| Q2 24 | 21.6% | 11.4% |
| Q1 26 | 13.4% | 7.3% | ||
| Q4 25 | 14.3% | 9.4% | ||
| Q3 25 | 17.6% | 8.1% | ||
| Q2 25 | 15.6% | 9.1% | ||
| Q1 25 | 15.7% | 8.3% | ||
| Q4 24 | 15.2% | 8.8% | ||
| Q3 24 | 18.0% | 8.2% | ||
| Q2 24 | 16.1% | 8.1% |
| Q1 26 | — | $1.30 | ||
| Q4 25 | $1.70 | $1.70 | ||
| Q3 25 | $2.18 | $1.41 | ||
| Q2 25 | $1.85 | $1.53 | ||
| Q1 25 | $1.71 | $1.27 | ||
| Q4 24 | $1.65 | $1.41 | ||
| Q3 24 | $1.99 | $1.30 | ||
| Q2 24 | $1.77 | $1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $308.9M | $272.2M |
| Total DebtLower is stronger | $2.0B | $1.3B |
| Stockholders' EquityBook value | $2.1B | $1.3B |
| Total Assets | $5.3B | — |
| Debt / EquityLower = less leverage | 0.97× | 0.98× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | $272.2M | ||
| Q4 25 | $356.2M | $389.9M | ||
| Q3 25 | $302.7M | $314.3M | ||
| Q2 25 | $656.8M | $301.5M | ||
| Q1 25 | $494.5M | $259.0M | ||
| Q4 24 | $503.8M | $370.3M | ||
| Q3 24 | $878.9M | $323.0M | ||
| Q2 24 | $747.5M | $564.8M |
| Q1 26 | $2.0B | $1.3B | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — |
| Q1 26 | $2.1B | $1.3B | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $3.5B | ||
| Q3 25 | $5.2B | $3.4B | ||
| Q2 25 | $4.9B | $3.4B | ||
| Q1 25 | $4.6B | $3.3B | ||
| Q4 24 | $4.5B | $3.3B | ||
| Q3 24 | $5.0B | $3.3B | ||
| Q2 24 | $4.8B | $3.5B |
| Q1 26 | 0.97× | 0.98× | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.53× | — | ||
| Q2 24 | 1.69× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $101.3M | — |
| Free Cash FlowOCF − Capex | — | $-63.1M |
| FCF MarginFCF / Revenue | — | -9.1% |
| Capex IntensityCapex / Revenue | 2.0% | 6.4% |
| Cash ConversionOCF / Net Profit | 0.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $180.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $160.4M | ||
| Q3 25 | $229.5M | $105.0M | ||
| Q2 25 | $209.7M | $82.0M | ||
| Q1 25 | $104.5M | $7.4M | ||
| Q4 24 | $219.0M | $174.7M | ||
| Q3 24 | $231.9M | $91.7M | ||
| Q2 24 | $173.0M | $83.0M |
| Q1 26 | — | $-63.1M | ||
| Q4 25 | $200.5M | $121.3M | ||
| Q3 25 | $209.8M | $65.3M | ||
| Q2 25 | $192.0M | $56.9M | ||
| Q1 25 | $83.4M | $-24.8M | ||
| Q4 24 | $194.9M | $116.4M | ||
| Q3 24 | $212.0M | $67.2M | ||
| Q2 24 | $152.1M | $61.0M |
| Q1 26 | — | -9.1% | ||
| Q4 25 | 19.4% | 16.8% | ||
| Q3 25 | 19.6% | 9.4% | ||
| Q2 25 | 18.8% | 8.5% | ||
| Q1 25 | 8.9% | -4.0% | ||
| Q4 24 | 20.6% | 17.5% | ||
| Q3 24 | 21.9% | 10.3% | ||
| Q2 24 | 15.8% | 10.1% |
| Q1 26 | 2.0% | 6.4% | ||
| Q4 25 | 3.8% | 5.4% | ||
| Q3 25 | 1.8% | 5.7% | ||
| Q2 25 | 1.7% | 3.7% | ||
| Q1 25 | 2.2% | 5.2% | ||
| Q4 24 | 2.5% | 8.8% | ||
| Q3 24 | 2.1% | 3.7% | ||
| Q2 24 | 2.2% | 3.6% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 2.36× | ||
| Q3 25 | 1.22× | 1.85× | ||
| Q2 25 | 1.31× | 1.34× | ||
| Q1 25 | 0.71× | 0.14× | ||
| Q4 24 | 1.52× | 2.99× | ||
| Q3 24 | 1.33× | 1.71× | ||
| Q2 24 | 1.11× | 1.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
BDC
Segment breakdown not available.
