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Side-by-side financial comparison of BELDEN INC. (BDC) and B&G Foods, Inc. (BGS). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $439.3M, roughly 1.6× B&G Foods, Inc.). BELDEN INC. runs the higher net margin — 9.4% vs -4.4%, a 13.8% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs -4.7%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $-70.7M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs -12.8%).
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.
B&G Foods, Inc. is an American branded foods holding company based in Parsippany, New Jersey. The company was formed in 1996 to acquire Bloch & Guggenheimer, a Manhattan-based producer of pickles, relish and condiments which had been founded in 1889.
BDC vs BGS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $439.3M |
| Net Profit | $67.9M | $-19.1M |
| Gross Margin | 36.6% | 22.5% |
| Operating Margin | 12.2% | 2.5% |
| Net Margin | 9.4% | -4.4% |
| Revenue YoY | 8.1% | -4.7% |
| Net Profit YoY | 16.3% | -356.5% |
| EPS (diluted) | $1.70 | $-0.24 |
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.
| Q4 25 | $720.1M | — | ||
| Q3 25 | $698.2M | $439.3M | ||
| Q2 25 | $672.0M | $424.4M | ||
| Q1 25 | $624.9M | $425.4M | ||
| Q4 24 | $666.0M | $551.6M | ||
| Q3 24 | $654.9M | $461.1M | ||
| Q2 24 | $604.3M | $444.6M | ||
| Q1 24 | $535.7M | $475.2M |
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | $-19.1M | ||
| Q2 25 | $61.0M | $-9.8M | ||
| Q1 25 | $51.9M | $835.0K | ||
| Q4 24 | $58.4M | $-222.4M | ||
| Q3 24 | $53.7M | $7.5M | ||
| Q2 24 | $49.0M | $3.9M | ||
| Q1 24 | $37.3M | $-40.2M |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 22.5% | ||
| Q2 25 | 38.5% | 20.5% | ||
| Q1 25 | 39.3% | 21.2% | ||
| Q4 24 | 37.5% | 21.5% | ||
| Q3 24 | 37.3% | 22.2% | ||
| Q2 24 | 37.5% | 20.7% | ||
| Q1 24 | 37.6% | 22.9% |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | 2.5% | ||
| Q2 25 | 11.8% | 5.2% | ||
| Q1 25 | 11.6% | 8.4% | ||
| Q4 24 | 10.4% | -46.6% | ||
| Q3 24 | 11.5% | 11.1% | ||
| Q2 24 | 11.4% | 9.9% | ||
| Q1 24 | 9.9% | -3.3% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | -4.4% | ||
| Q2 25 | 9.1% | -2.3% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 8.8% | -40.3% | ||
| Q3 24 | 8.2% | 1.6% | ||
| Q2 24 | 8.1% | 0.9% | ||
| Q1 24 | 7.0% | -8.5% |
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | $-0.24 | ||
| Q2 25 | $1.53 | $-0.12 | ||
| Q1 25 | $1.27 | $0.01 | ||
| Q4 24 | $1.41 | $-2.81 | ||
| Q3 24 | $1.30 | $0.09 | ||
| Q2 24 | $1.19 | $0.05 | ||
| Q1 24 | $0.90 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $389.9M | $60.9M |
| Total DebtLower is stronger | — | $2.0B |
| Stockholders' EquityBook value | $1.3B | $470.7M |
| Total Assets | $3.5B | $2.9B |
| Debt / EquityLower = less leverage | — | 4.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | $60.9M | ||
| Q2 25 | $301.5M | $54.1M | ||
| Q1 25 | $259.0M | $61.2M | ||
| Q4 24 | $370.3M | $50.6M | ||
| Q3 24 | $323.0M | $54.7M | ||
| Q2 24 | $564.8M | $40.3M | ||
| Q1 24 | $506.8M | $42.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $470.7M | ||
| Q2 25 | $1.2B | $501.4M | ||
| Q1 25 | $1.2B | $513.1M | ||
| Q4 24 | $1.3B | $524.8M | ||
| Q3 24 | $1.2B | $755.3M | ||
| Q2 24 | $1.2B | $765.0M | ||
| Q1 24 | $1.2B | $781.2M |
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $2.9B | ||
| Q2 25 | $3.4B | $2.9B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.3B | $3.0B | ||
| Q3 24 | $3.3B | $3.4B | ||
| Q2 24 | $3.5B | $3.4B | ||
| Q1 24 | $3.1B | $3.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.91× | ||
| Q4 24 | — | 3.85× | ||
| Q3 24 | — | 2.75× | ||
| Q2 24 | — | 2.67× | ||
| Q1 24 | — | 2.61× |
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 | $160.4M | $-64.6M |
| Free Cash FlowOCF − Capex | $121.3M | $-70.7M |
| FCF MarginFCF / Revenue | 16.8% | -16.1% |
| Capex IntensityCapex / Revenue | 5.4% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | $54.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | $-64.6M | ||
| Q2 25 | $82.0M | $17.8M | ||
| Q1 25 | $7.4M | $52.7M | ||
| Q4 24 | $174.7M | $80.3M | ||
| Q3 24 | $91.7M | $4.2M | ||
| Q2 24 | $83.0M | $11.3M | ||
| Q1 24 | $2.7M | $35.1M |
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $-70.7M | ||
| Q2 25 | $56.9M | $11.5M | ||
| Q1 25 | $-24.8M | $42.4M | ||
| Q4 24 | $116.4M | $71.7M | ||
| Q3 24 | $67.2M | $-679.0K | ||
| Q2 24 | $61.0M | $5.2M | ||
| Q1 24 | $-21.5M | $27.5M |
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | -16.1% | ||
| Q2 25 | 8.5% | 2.7% | ||
| Q1 25 | -4.0% | 10.0% | ||
| Q4 24 | 17.5% | 13.0% | ||
| Q3 24 | 10.3% | -0.1% | ||
| Q2 24 | 10.1% | 1.2% | ||
| Q1 24 | -4.0% | 5.8% |
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 1.4% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 5.2% | 2.4% | ||
| Q4 24 | 8.8% | 1.6% | ||
| Q3 24 | 3.7% | 1.0% | ||
| Q2 24 | 3.6% | 1.4% | ||
| Q1 24 | 4.5% | 1.6% |
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | 63.17× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 0.56× | ||
| Q2 24 | 1.69× | 2.87× | ||
| Q1 24 | 0.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
