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Side-by-side financial comparison of BELDEN INC. (BDC) and BENCHMARK ELECTRONICS INC (BHE). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $677.3M, roughly 1.0× BENCHMARK ELECTRONICS INC). BELDEN INC. runs the higher net margin — 7.3% vs 1.9%, a 5.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 11.4%). BENCHMARK ELECTRONICS INC produced more free cash flow last quarter ($48.1M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -0.7%).
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.
Benchmark Electronics Inc is an EMS, ODM, and OEM company based in Tempe, Arizona in the Phoenix metropolitan area. It provides contract manufacturing services.
BDC vs BHE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $677.3M |
| Net Profit | $51.0M | $13.0M |
| Gross Margin | 37.1% | 10.2% |
| Operating Margin | 11.2% | 3.2% |
| Net Margin | 7.3% | 1.9% |
| Revenue YoY | 11.4% | 11.4% |
| Net Profit YoY | -1.8% | 257.4% |
| EPS (diluted) | $1.30 | $0.17 |
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 | $696.4M | $677.3M | ||
| Q4 25 | $720.1M | $725.8M | ||
| Q3 25 | $698.2M | $702.6M | ||
| Q2 25 | $672.0M | $665.7M | ||
| Q1 25 | $624.9M | $654.6M | ||
| Q4 24 | $666.0M | $683.6M | ||
| Q3 24 | $654.9M | $680.0M | ||
| Q2 24 | $604.3M | $686.7M |
| Q1 26 | $51.0M | $13.0M | ||
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | $14.3M | ||
| Q2 25 | $61.0M | $972.0K | ||
| Q1 25 | $51.9M | $3.6M | ||
| Q4 24 | $58.4M | — | ||
| Q3 24 | $53.7M | $15.4M | ||
| Q2 24 | $49.0M | $15.5M |
| Q1 26 | 37.1% | 10.2% | ||
| Q4 25 | 36.6% | 10.2% | ||
| Q3 25 | 37.7% | 9.7% | ||
| Q2 25 | 38.5% | 9.7% | ||
| Q1 25 | 39.3% | 9.7% | ||
| Q4 24 | 37.5% | 9.9% | ||
| Q3 24 | 37.3% | 9.8% | ||
| Q2 24 | 37.5% | 9.9% |
| Q1 26 | 11.2% | 3.2% | ||
| Q4 25 | 12.2% | 2.8% | ||
| Q3 25 | 10.9% | 3.4% | ||
| Q2 25 | 11.8% | 3.1% | ||
| Q1 25 | 11.6% | 1.8% | ||
| Q4 24 | 10.4% | 4.2% | ||
| Q3 24 | 11.5% | 4.1% | ||
| Q2 24 | 11.4% | 4.0% |
| Q1 26 | 7.3% | 1.9% | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | 2.0% | ||
| Q2 25 | 9.1% | 0.1% | ||
| Q1 25 | 8.3% | 0.6% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 8.2% | 2.3% | ||
| Q2 24 | 8.1% | 2.3% |
| Q1 26 | $1.30 | $0.17 | ||
| Q4 25 | $1.70 | $0.16 | ||
| Q3 25 | $1.41 | $0.39 | ||
| Q2 25 | $1.53 | $0.03 | ||
| Q1 25 | $1.27 | $0.10 | ||
| Q4 24 | $1.41 | $0.43 | ||
| Q3 24 | $1.30 | $0.42 | ||
| Q2 24 | $1.19 | $0.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $272.2M | $324.9M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | — | $2.1B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $324.9M | ||
| Q4 25 | $389.9M | $322.1M | ||
| Q3 25 | $314.3M | $285.4M | ||
| Q2 25 | $301.5M | $264.6M | ||
| Q1 25 | $259.0M | $355.3M | ||
| Q4 24 | $370.3M | $315.2M | ||
| Q3 24 | $323.0M | $324.4M | ||
| Q2 24 | $564.8M | $309.3M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $206.8M | ||
| Q3 25 | — | $212.6M | ||
| Q2 25 | — | $203.4M | ||
| Q1 25 | — | $268.9M | ||
| Q4 24 | — | $250.5M | ||
| Q3 24 | — | $272.0M | ||
| Q2 24 | — | $283.6M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.5B | $2.1B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.4B | $2.0B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.5B | $2.2B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.23× | ||
| Q3 24 | — | 0.25× | ||
| Q2 24 | — | 0.26× |
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 | — | $47.0M |
| Free Cash FlowOCF − Capex | $-63.1M | $48.1M |
| FCF MarginFCF / Revenue | -9.1% | 7.1% |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 3.61× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $108.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $47.0M | ||
| Q4 25 | $160.4M | $58.7M | ||
| Q3 25 | $105.0M | $36.6M | ||
| Q2 25 | $82.0M | $-2.8M | ||
| Q1 25 | $7.4M | $31.5M | ||
| Q4 24 | $174.7M | $45.9M | ||
| Q3 24 | $91.7M | $39.0M | ||
| Q2 24 | $83.0M | $55.8M |
| Q1 26 | $-63.1M | $48.1M | ||
| Q4 25 | $121.3M | $48.2M | ||
| Q3 25 | $65.3M | $25.8M | ||
| Q2 25 | $56.9M | $-13.8M | ||
| Q1 25 | $-24.8M | $28.1M | ||
| Q4 24 | $116.4M | $37.2M | ||
| Q3 24 | $67.2M | $29.2M | ||
| Q2 24 | $61.0M | $48.2M |
| Q1 26 | -9.1% | 7.1% | ||
| Q4 25 | 16.8% | 6.6% | ||
| Q3 25 | 9.4% | 3.7% | ||
| Q2 25 | 8.5% | -2.1% | ||
| Q1 25 | -4.0% | 4.3% | ||
| Q4 24 | 17.5% | 5.4% | ||
| Q3 24 | 10.3% | 4.3% | ||
| Q2 24 | 10.1% | 7.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.4% | ||
| Q3 25 | 5.7% | 1.5% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 5.2% | 0.5% | ||
| Q4 24 | 8.8% | 1.3% | ||
| Q3 24 | 3.7% | 1.4% | ||
| Q2 24 | 3.6% | 1.1% |
| Q1 26 | — | 3.61× | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | 2.57× | ||
| Q2 25 | 1.34× | -2.90× | ||
| Q1 25 | 0.14× | 8.65× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 2.54× | ||
| Q2 24 | 1.69× | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
