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Side-by-side financial comparison of BELDEN INC. (BDC) and BWX Technologies, Inc. (BWXT). Click either name above to swap in a different company.
BWX Technologies, Inc. is the larger business by last-quarter revenue ($860.2M vs $696.4M, roughly 1.2× BELDEN INC.). BWX Technologies, Inc. runs the higher net margin — 10.6% vs 7.3%, a 3.3% gap on every dollar of revenue. On growth, BWX Technologies, Inc. posted the faster year-over-year revenue change (26.1% vs 11.4%). BWX Technologies, Inc. produced more free cash flow last quarter ($50.1M vs $-63.1M). Over the past eight quarters, BWX Technologies, Inc.'s revenue compounded faster (12.4% CAGR vs 7.3%).
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.
BWX Technologies, Inc. is a company headquartered in Lynchburg, Virginia that supplies nuclear components and fuel internationally.
BDC vs BWXT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $860.2M |
| Net Profit | $51.0M | $91.2M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 12.4% |
| Net Margin | 7.3% | 10.6% |
| Revenue YoY | 11.4% | 26.1% |
| Net Profit YoY | -1.8% | 20.7% |
| EPS (diluted) | $1.30 | $0.99 |
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 | $860.2M | ||
| Q4 25 | $720.1M | $885.8M | ||
| Q3 25 | $698.2M | $866.3M | ||
| Q2 25 | $672.0M | $764.0M | ||
| Q1 25 | $624.9M | $682.3M | ||
| Q4 24 | $666.0M | $746.3M | ||
| Q3 24 | $654.9M | $672.0M | ||
| Q2 24 | $604.3M | $681.5M |
| Q1 26 | $51.0M | $91.2M | ||
| Q4 25 | $67.9M | $93.0M | ||
| Q3 25 | $56.7M | $82.1M | ||
| Q2 25 | $61.0M | $78.4M | ||
| Q1 25 | $51.9M | $75.5M | ||
| Q4 24 | $58.4M | $71.0M | ||
| Q3 24 | $53.7M | $69.5M | ||
| Q2 24 | $49.0M | $73.0M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 21.8% | ||
| Q2 25 | 38.5% | 25.1% | ||
| Q1 25 | 39.3% | 24.2% | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | 24.4% | ||
| Q2 24 | 37.5% | 24.7% |
| Q1 26 | 11.2% | 12.4% | ||
| Q4 25 | 12.2% | 10.4% | ||
| Q3 25 | 10.9% | 13.1% | ||
| Q2 25 | 11.8% | 13.4% | ||
| Q1 25 | 11.6% | 14.2% | ||
| Q4 24 | 10.4% | 12.4% | ||
| Q3 24 | 11.5% | 14.4% | ||
| Q2 24 | 11.4% | 14.5% |
| Q1 26 | 7.3% | 10.6% | ||
| Q4 25 | 9.4% | 10.5% | ||
| Q3 25 | 8.1% | 9.5% | ||
| Q2 25 | 9.1% | 10.3% | ||
| Q1 25 | 8.3% | 11.1% | ||
| Q4 24 | 8.8% | 9.5% | ||
| Q3 24 | 8.2% | 10.3% | ||
| Q2 24 | 8.1% | 10.7% |
| Q1 26 | $1.30 | $0.99 | ||
| Q4 25 | $1.70 | $1.02 | ||
| Q3 25 | $1.41 | $0.89 | ||
| Q2 25 | $1.53 | $0.85 | ||
| Q1 25 | $1.27 | $0.82 | ||
| Q4 24 | $1.41 | $0.77 | ||
| Q3 24 | $1.30 | $0.76 | ||
| Q2 24 | $1.19 | $0.79 |
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 | $512.4M |
| Total DebtLower is stronger | $1.3B | $2.0B |
| Stockholders' EquityBook value | $1.3B | $1.3B |
| Total Assets | — | $4.3B |
| Debt / EquityLower = less leverage | 0.98× | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $512.4M | ||
| Q4 25 | $389.9M | $499.8M | ||
| Q3 25 | $314.3M | $79.6M | ||
| Q2 25 | $301.5M | $37.0M | ||
| Q1 25 | $259.0M | $55.4M | ||
| Q4 24 | $370.3M | $74.1M | ||
| Q3 24 | $323.0M | $35.5M | ||
| Q2 24 | $564.8M | $48.3M |
| Q1 26 | $1.3B | $2.0B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | $1.3B | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $998.5M |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.4B | $3.8B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.3B | $3.1B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.3B | $2.9B | ||
| Q2 24 | $3.5B | $2.8B |
| Q1 26 | 0.98× | 1.58× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $92.6M |
| Free Cash FlowOCF − Capex | $-63.1M | $50.1M |
| FCF MarginFCF / Revenue | -9.1% | 5.8% |
| Capex IntensityCapex / Revenue | 6.4% | 4.9% |
| Cash ConversionOCF / Net Profit | — | 1.02× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $328.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $92.6M | ||
| Q4 25 | $160.4M | $127.0M | ||
| Q3 25 | $105.0M | $143.2M | ||
| Q2 25 | $82.0M | $159.0M | ||
| Q1 25 | $7.4M | $50.6M | ||
| Q4 24 | $174.7M | $276.9M | ||
| Q3 24 | $91.7M | $32.6M | ||
| Q2 24 | $83.0M | $65.9M |
| Q1 26 | $-63.1M | $50.1M | ||
| Q4 25 | $121.3M | $56.8M | ||
| Q3 25 | $65.3M | $94.9M | ||
| Q2 25 | $56.9M | $126.3M | ||
| Q1 25 | $-24.8M | $17.3M | ||
| Q4 24 | $116.4M | $224.4M | ||
| Q3 24 | $67.2M | $-7.7M | ||
| Q2 24 | $61.0M | $35.5M |
| Q1 26 | -9.1% | 5.8% | ||
| Q4 25 | 16.8% | 6.4% | ||
| Q3 25 | 9.4% | 11.0% | ||
| Q2 25 | 8.5% | 16.5% | ||
| Q1 25 | -4.0% | 2.5% | ||
| Q4 24 | 17.5% | 30.1% | ||
| Q3 24 | 10.3% | -1.1% | ||
| Q2 24 | 10.1% | 5.2% |
| Q1 26 | 6.4% | 4.9% | ||
| Q4 25 | 5.4% | 7.9% | ||
| Q3 25 | 5.7% | 5.6% | ||
| Q2 25 | 3.7% | 4.3% | ||
| Q1 25 | 5.2% | 4.9% | ||
| Q4 24 | 8.8% | 7.0% | ||
| Q3 24 | 3.7% | 6.0% | ||
| Q2 24 | 3.6% | 4.5% |
| Q1 26 | — | 1.02× | ||
| Q4 25 | 2.36× | 1.37× | ||
| Q3 25 | 1.85× | 1.74× | ||
| Q2 25 | 1.34× | 2.03× | ||
| Q1 25 | 0.14× | 0.67× | ||
| Q4 24 | 2.99× | 3.90× | ||
| Q3 24 | 1.71× | 0.47× | ||
| Q2 24 | 1.69× | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
