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Side-by-side financial comparison of BELDEN INC. (BDC) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $475.7M, roughly 1.5× COMMERCE BANCSHARES INC). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 7.3%, a 22.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 11.1%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 7.1%).
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.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
BDC vs CBSH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $475.7M |
| Net Profit | $51.0M | $141.6M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | 29.8% |
| Revenue YoY | 11.4% | 11.1% |
| Net Profit YoY | -1.8% | 10.5% |
| EPS (diluted) | $1.30 | $0.96 |
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 | $475.7M | ||
| Q4 25 | $720.1M | $449.4M | ||
| Q3 25 | $698.2M | $441.0M | ||
| Q2 25 | $672.0M | $445.8M | ||
| Q1 25 | $624.9M | $428.1M | ||
| Q4 24 | $666.0M | $422.1M | ||
| Q3 24 | $654.9M | $421.4M | ||
| Q2 24 | $604.3M | $414.5M |
| Q1 26 | $51.0M | $141.6M | ||
| Q4 25 | $67.9M | $140.7M | ||
| Q3 25 | $56.7M | $141.5M | ||
| Q2 25 | $61.0M | $152.5M | ||
| Q1 25 | $51.9M | $131.6M | ||
| Q4 24 | $58.4M | $136.1M | ||
| Q3 24 | $53.7M | $138.0M | ||
| Q2 24 | $49.0M | $139.6M |
| 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% | — |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 40.8% | ||
| Q3 25 | 10.9% | 41.9% | ||
| Q2 25 | 11.8% | 44.0% | ||
| Q1 25 | 11.6% | 39.2% | ||
| Q4 24 | 10.4% | 41.2% | ||
| Q3 24 | 11.5% | 42.4% | ||
| Q2 24 | 11.4% | 43.4% |
| Q1 26 | 7.3% | 29.8% | ||
| Q4 25 | 9.4% | 31.3% | ||
| Q3 25 | 8.1% | 32.1% | ||
| Q2 25 | 9.1% | 34.2% | ||
| Q1 25 | 8.3% | 30.7% | ||
| Q4 24 | 8.8% | 32.2% | ||
| Q3 24 | 8.2% | 32.8% | ||
| Q2 24 | 8.1% | 33.7% |
| Q1 26 | $1.30 | $0.96 | ||
| Q4 25 | $1.70 | $0.86 | ||
| Q3 25 | $1.41 | $1.06 | ||
| Q2 25 | $1.53 | $1.14 | ||
| Q1 25 | $1.27 | $0.98 | ||
| Q4 24 | $1.41 | $0.83 | ||
| Q3 24 | $1.30 | $1.01 | ||
| Q2 24 | $1.19 | $1.03 |
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 | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $4.3B |
| Total Assets | — | $35.7B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | — | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | $4.3B | ||
| Q4 25 | $1.3B | $3.8B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $1.2B | $3.4B | ||
| Q2 24 | $1.2B | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $3.5B | $32.9B | ||
| Q3 25 | $3.4B | $32.3B | ||
| Q2 25 | $3.4B | $32.3B | ||
| Q1 25 | $3.3B | $32.4B | ||
| Q4 24 | $3.3B | $32.0B | ||
| Q3 24 | $3.3B | $31.5B | ||
| Q2 24 | $3.5B | $30.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $645.1M | ||
| Q3 25 | $105.0M | $129.0M | ||
| Q2 25 | $82.0M | $111.2M | ||
| Q1 25 | $7.4M | $138.6M | ||
| Q4 24 | $174.7M | $577.9M | ||
| Q3 24 | $91.7M | $431.7M | ||
| Q2 24 | $83.0M | $147.4M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $592.4M | ||
| Q3 25 | $65.3M | $113.3M | ||
| Q2 25 | $56.9M | $100.5M | ||
| Q1 25 | $-24.8M | $126.0M | ||
| Q4 24 | $116.4M | $531.7M | ||
| Q3 24 | $67.2M | $419.1M | ||
| Q2 24 | $61.0M | $138.9M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 131.8% | ||
| Q3 25 | 9.4% | 25.7% | ||
| Q2 25 | 8.5% | 22.5% | ||
| Q1 25 | -4.0% | 29.4% | ||
| Q4 24 | 17.5% | 126.0% | ||
| Q3 24 | 10.3% | 99.5% | ||
| Q2 24 | 10.1% | 33.5% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 11.7% | ||
| Q3 25 | 5.7% | 3.6% | ||
| Q2 25 | 3.7% | 2.4% | ||
| Q1 25 | 5.2% | 2.9% | ||
| Q4 24 | 8.8% | 10.9% | ||
| Q3 24 | 3.7% | 3.0% | ||
| Q2 24 | 3.6% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 4.59× | ||
| Q3 25 | 1.85× | 0.91× | ||
| Q2 25 | 1.34× | 0.73× | ||
| Q1 25 | 0.14× | 1.05× | ||
| Q4 24 | 2.99× | 4.25× | ||
| Q3 24 | 1.71× | 3.13× | ||
| Q2 24 | 1.69× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
