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Side-by-side financial comparison of BELDEN INC. (BDC) and CBIZ, Inc. (CBZ). Click either name above to swap in a different company.

CBIZ, Inc. is the larger business by last-quarter revenue ($848.6M vs $696.4M, roughly 1.2× BELDEN INC.). CBIZ, Inc. runs the higher net margin — 19.0% vs 7.3%, a 11.7% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 1.3%). CBIZ, Inc. produced more free cash flow last quarter ($-28.5M vs $-63.1M). Over the past eight quarters, CBIZ, Inc.'s revenue compounded faster (42.1% 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.

CBIZ, Inc. is a national provider of financial, insurance and advisory services headquartered in Independence, Ohio. CBIZ is one of the largest accounting, insurance brokerage, financial and advisory services providers in the United States with more than 120 offices and nearly 7,000 employees. Its common stock has been traded on the New York Stock Exchange since 1996, under the symbol "CBZ" since 1997.

BDC vs CBZ — Head-to-Head

Bigger by revenue
CBZ
CBZ
1.2× larger
CBZ
$848.6M
$696.4M
BDC
Growing faster (revenue YoY)
BDC
BDC
+10.2% gap
BDC
11.4%
1.3%
CBZ
Higher net margin
CBZ
CBZ
11.7% more per $
CBZ
19.0%
7.3%
BDC
More free cash flow
CBZ
CBZ
$34.5M more FCF
CBZ
$-28.5M
$-63.1M
BDC
Faster 2-yr revenue CAGR
CBZ
CBZ
Annualised
CBZ
42.1%
7.3%
BDC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BDC
BDC
CBZ
CBZ
Revenue
$696.4M
$848.6M
Net Profit
$51.0M
$161.6M
Gross Margin
37.1%
Operating Margin
11.2%
23.2%
Net Margin
7.3%
19.0%
Revenue YoY
11.4%
1.3%
Net Profit YoY
-1.8%
EPS (diluted)
$1.30
$2.63

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
BDC
BDC
CBZ
CBZ
Q1 26
$696.4M
$848.6M
Q4 25
$720.1M
$542.7M
Q3 25
$698.2M
$693.8M
Q2 25
$672.0M
$683.5M
Q1 25
$624.9M
$838.0M
Q4 24
$666.0M
$460.3M
Q3 24
$654.9M
$438.9M
Q2 24
$604.3M
$420.0M
Net Profit
BDC
BDC
CBZ
CBZ
Q1 26
$51.0M
$161.6M
Q4 25
$67.9M
$-79.4M
Q3 25
$56.7M
$30.1M
Q2 25
$61.0M
$41.9M
Q1 25
$51.9M
$122.8M
Q4 24
$58.4M
$-90.7M
Q3 24
$53.7M
$35.1M
Q2 24
$49.0M
$19.8M
Gross Margin
BDC
BDC
CBZ
CBZ
Q1 26
37.1%
Q4 25
36.6%
-9.4%
Q3 25
37.7%
13.0%
Q2 25
38.5%
12.9%
Q1 25
39.3%
27.2%
Q4 24
37.5%
-13.4%
Q3 24
37.3%
16.6%
Q2 24
37.5%
12.8%
Operating Margin
BDC
BDC
CBZ
CBZ
Q1 26
11.2%
23.2%
Q4 25
12.2%
-15.7%
Q3 25
10.9%
8.5%
Q2 25
11.8%
8.8%
Q1 25
11.6%
23.9%
Q4 24
10.4%
-23.2%
Q3 24
11.5%
11.3%
Q2 24
11.4%
7.5%
Net Margin
BDC
BDC
CBZ
CBZ
Q1 26
7.3%
19.0%
Q4 25
9.4%
-14.6%
Q3 25
8.1%
4.3%
Q2 25
9.1%
6.1%
Q1 25
8.3%
14.7%
Q4 24
8.8%
-19.7%
Q3 24
8.2%
8.0%
Q2 24
8.1%
4.7%
EPS (diluted)
BDC
BDC
CBZ
CBZ
Q1 26
$1.30
$2.63
Q4 25
$1.70
$-1.22
Q3 25
$1.41
$0.48
Q2 25
$1.53
$0.66
Q1 25
$1.27
$1.91
Q4 24
$1.41
$-1.84
Q3 24
$1.30
$0.70
Q2 24
$1.19
$0.39

Balance Sheet & Financial Strength

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

Metric
BDC
BDC
CBZ
CBZ
Cash + ST InvestmentsLiquidity on hand
$272.2M
$28.7M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$1.3B
$1.9B
Total Assets
$4.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
CBZ
CBZ
Q1 26
$272.2M
$28.7M
Q4 25
$389.9M
$18.3M
Q3 25
$314.3M
$17.0M
Q2 25
$301.5M
$39.8M
Q1 25
$259.0M
$8.8M
Q4 24
$370.3M
$13.8M
Q3 24
$323.0M
$1.1M
Q2 24
$564.8M
$1.1M
Total Debt
BDC
BDC
CBZ
CBZ
Q1 26
$1.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
CBZ
CBZ
Q1 26
$1.3B
$1.9B
Q4 25
$1.3B
$1.8B
Q3 25
$1.2B
$1.9B
Q2 25
$1.2B
$1.9B
Q1 25
$1.2B
$1.9B
Q4 24
$1.3B
$1.8B
Q3 24
$1.2B
$927.9M
Q2 24
$1.2B
$891.4M
Total Assets
BDC
BDC
CBZ
CBZ
Q1 26
$4.6B
Q4 25
$3.5B
$4.4B
Q3 25
$3.4B
$4.5B
Q2 25
$3.4B
$4.5B
Q1 25
$3.3B
$4.6B
Q4 24
$3.3B
$4.5B
Q3 24
$3.3B
$2.1B
Q2 24
$3.5B
$2.2B
Debt / Equity
BDC
BDC
CBZ
CBZ
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
BDC
BDC
CBZ
CBZ
Operating Cash FlowLast quarter
$-25.5M
Free Cash FlowOCF − Capex
$-63.1M
$-28.5M
FCF MarginFCF / Revenue
-9.1%
-3.4%
Capex IntensityCapex / Revenue
6.4%
Cash ConversionOCF / Net Profit
-0.16×
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$240.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
CBZ
CBZ
Q1 26
$-25.5M
Q4 25
$160.4M
$143.6M
Q3 25
$105.0M
$24.0M
Q2 25
$82.0M
$113.1M
Q1 25
$7.4M
$-88.3M
Q4 24
$174.7M
$55.5M
Q3 24
$91.7M
$43.7M
Q2 24
$83.0M
$88.2M
Free Cash Flow
BDC
BDC
CBZ
CBZ
Q1 26
$-63.1M
$-28.5M
Q4 25
$121.3M
$141.7M
Q3 25
$65.3M
$22.1M
Q2 25
$56.9M
$105.2M
Q1 25
$-24.8M
$-93.4M
Q4 24
$116.4M
$52.3M
Q3 24
$67.2M
$41.1M
Q2 24
$61.0M
$86.3M
FCF Margin
BDC
BDC
CBZ
CBZ
Q1 26
-9.1%
-3.4%
Q4 25
16.8%
26.1%
Q3 25
9.4%
3.2%
Q2 25
8.5%
15.4%
Q1 25
-4.0%
-11.2%
Q4 24
17.5%
11.4%
Q3 24
10.3%
9.4%
Q2 24
10.1%
20.5%
Capex Intensity
BDC
BDC
CBZ
CBZ
Q1 26
6.4%
Q4 25
5.4%
0.4%
Q3 25
5.7%
0.3%
Q2 25
3.7%
1.2%
Q1 25
5.2%
0.6%
Q4 24
8.8%
0.7%
Q3 24
3.7%
0.6%
Q2 24
3.6%
0.4%
Cash Conversion
BDC
BDC
CBZ
CBZ
Q1 26
-0.16×
Q4 25
2.36×
Q3 25
1.85×
0.79×
Q2 25
1.34×
2.70×
Q1 25
0.14×
-0.72×
Q4 24
2.99×
Q3 24
1.71×
1.25×
Q2 24
1.69×
4.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDC
BDC

Segment breakdown not available.

CBZ
CBZ

Financial Services (1)$740.3M87%
Benefits and Insurance Services$108.2M13%

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