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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and BELDEN INC. (BDC). Click either name above to swap in a different company.

Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $696.4M, roughly 1.1× BELDEN INC.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 7.3%, a 10.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 11.4%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $-63.1M).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

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.

ATAT vs BDC — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.1× larger
ATAT
$789.6M
$696.4M
BDC
Growing faster (revenue YoY)
ATAT
ATAT
+241.1% gap
ATAT
252.5%
11.4%
BDC
Higher net margin
ATAT
ATAT
10.3% more per $
ATAT
17.6%
7.3%
BDC
More free cash flow
ATAT
ATAT
$273.7M more FCF
ATAT
$210.7M
$-63.1M
BDC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ATAT
ATAT
BDC
BDC
Revenue
$789.6M
$696.4M
Net Profit
$139.1M
$51.0M
Gross Margin
37.1%
Operating Margin
22.5%
11.2%
Net Margin
17.6%
7.3%
Revenue YoY
252.5%
11.4%
Net Profit YoY
322.2%
-1.8%
EPS (diluted)
$0.33
$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.

Revenue
ATAT
ATAT
BDC
BDC
Q1 26
$696.4M
Q4 25
$720.1M
Q3 25
$789.6M
$698.2M
Q2 25
$672.0M
Q1 25
$624.9M
Q4 24
$666.0M
Q3 24
$224.0M
$654.9M
Q2 24
$604.3M
Net Profit
ATAT
ATAT
BDC
BDC
Q1 26
$51.0M
Q4 25
$67.9M
Q3 25
$139.1M
$56.7M
Q2 25
$61.0M
Q1 25
$51.9M
Q4 24
$58.4M
Q3 24
$33.0M
$53.7M
Q2 24
$49.0M
Gross Margin
ATAT
ATAT
BDC
BDC
Q1 26
37.1%
Q4 25
36.6%
Q3 25
37.7%
Q2 25
38.5%
Q1 25
39.3%
Q4 24
37.5%
Q3 24
37.3%
Q2 24
37.5%
Operating Margin
ATAT
ATAT
BDC
BDC
Q1 26
11.2%
Q4 25
12.2%
Q3 25
22.5%
10.9%
Q2 25
11.8%
Q1 25
11.6%
Q4 24
10.4%
Q3 24
14.7%
11.5%
Q2 24
11.4%
Net Margin
ATAT
ATAT
BDC
BDC
Q1 26
7.3%
Q4 25
9.4%
Q3 25
17.6%
8.1%
Q2 25
9.1%
Q1 25
8.3%
Q4 24
8.8%
Q3 24
14.7%
8.2%
Q2 24
8.1%
EPS (diluted)
ATAT
ATAT
BDC
BDC
Q1 26
$1.30
Q4 25
$1.70
Q3 25
$0.33
$1.41
Q2 25
$1.53
Q1 25
$1.27
Q4 24
$1.41
Q3 24
$0.08
$1.30
Q2 24
$1.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATAT
ATAT
BDC
BDC
Cash + ST InvestmentsLiquidity on hand
$669.2M
$272.2M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$405.0M
$1.3B
Total Assets
$1.1B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
BDC
BDC
Q1 26
$272.2M
Q4 25
$389.9M
Q3 25
$669.2M
$314.3M
Q2 25
$301.5M
Q1 25
$259.0M
Q4 24
$370.3M
Q3 24
$506.0M
$323.0M
Q2 24
$564.8M
Total Debt
ATAT
ATAT
BDC
BDC
Q1 26
$1.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ATAT
ATAT
BDC
BDC
Q1 26
$1.3B
Q4 25
$1.3B
Q3 25
$405.0M
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$291.3M
$1.2B
Q2 24
$1.2B
Total Assets
ATAT
ATAT
BDC
BDC
Q1 26
Q4 25
$3.5B
Q3 25
$1.1B
$3.4B
Q2 25
$3.4B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$927.8M
$3.3B
Q2 24
$3.5B
Debt / Equity
ATAT
ATAT
BDC
BDC
Q1 26
0.98×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATAT
ATAT
BDC
BDC
Operating Cash FlowLast quarter
$216.6M
Free Cash FlowOCF − Capex
$210.7M
$-63.1M
FCF MarginFCF / Revenue
26.7%
-9.1%
Capex IntensityCapex / Revenue
0.8%
6.4%
Cash ConversionOCF / Net Profit
1.56×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$180.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
BDC
BDC
Q1 26
Q4 25
$160.4M
Q3 25
$216.6M
$105.0M
Q2 25
$82.0M
Q1 25
$7.4M
Q4 24
$174.7M
Q3 24
$84.8M
$91.7M
Q2 24
$83.0M
Free Cash Flow
ATAT
ATAT
BDC
BDC
Q1 26
$-63.1M
Q4 25
$121.3M
Q3 25
$210.7M
$65.3M
Q2 25
$56.9M
Q1 25
$-24.8M
Q4 24
$116.4M
Q3 24
$83.3M
$67.2M
Q2 24
$61.0M
FCF Margin
ATAT
ATAT
BDC
BDC
Q1 26
-9.1%
Q4 25
16.8%
Q3 25
26.7%
9.4%
Q2 25
8.5%
Q1 25
-4.0%
Q4 24
17.5%
Q3 24
37.2%
10.3%
Q2 24
10.1%
Capex Intensity
ATAT
ATAT
BDC
BDC
Q1 26
6.4%
Q4 25
5.4%
Q3 25
0.8%
5.7%
Q2 25
3.7%
Q1 25
5.2%
Q4 24
8.8%
Q3 24
0.7%
3.7%
Q2 24
3.6%
Cash Conversion
ATAT
ATAT
BDC
BDC
Q1 26
Q4 25
2.36×
Q3 25
1.56×
1.85×
Q2 25
1.34×
Q1 25
0.14×
Q4 24
2.99×
Q3 24
2.57×
1.71×
Q2 24
1.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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