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Side-by-side financial comparison of BELDEN INC. (BDC) and CLOVER HEALTH INVESTMENTS, CORP. (CLOV). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $487.7M, roughly 1.5× CLOVER HEALTH INVESTMENTS, CORP.). BELDEN INC. runs the higher net margin — 9.4% vs -10.1%, a 19.5% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 8.1%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 15.9%).
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.
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
BDC vs CLOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $487.7M |
| Net Profit | $67.9M | $-49.3M |
| Gross Margin | 36.6% | — |
| Operating Margin | 12.2% | -10.1% |
| Net Margin | 9.4% | -10.1% |
| Revenue YoY | 8.1% | 44.7% |
| Net Profit YoY | 16.3% | -123.2% |
| EPS (diluted) | $1.70 | — |
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 | $487.7M | ||
| Q3 25 | $698.2M | $496.6M | ||
| Q2 25 | $672.0M | $477.6M | ||
| Q1 25 | $624.9M | $462.3M | ||
| Q4 24 | $666.0M | $337.0M | ||
| Q3 24 | $654.9M | $331.0M | ||
| Q2 24 | $604.3M | $356.3M | ||
| Q1 24 | $535.7M | $346.9M |
| Q4 25 | $67.9M | $-49.3M | ||
| Q3 25 | $56.7M | $-24.4M | ||
| Q2 25 | $61.0M | $-10.6M | ||
| Q1 25 | $51.9M | $-1.3M | ||
| Q4 24 | $58.4M | $-22.1M | ||
| Q3 24 | $53.7M | $-9.2M | ||
| Q2 24 | $49.0M | $7.4M | ||
| Q1 24 | $37.3M | $-19.2M |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | 24.5% | ||
| Q2 24 | 37.5% | 30.3% | ||
| Q1 24 | 37.6% | 23.6% |
| Q4 25 | 12.2% | -10.1% | ||
| Q3 25 | 10.9% | -4.9% | ||
| Q2 25 | 11.8% | -2.2% | ||
| Q1 25 | 11.6% | -0.3% | ||
| Q4 24 | 10.4% | -6.4% | ||
| Q3 24 | 11.5% | -2.7% | ||
| Q2 24 | 11.4% | 2.0% | ||
| Q1 24 | 9.9% | -6.5% |
| Q4 25 | 9.4% | -10.1% | ||
| Q3 25 | 8.1% | -4.9% | ||
| Q2 25 | 9.1% | -2.2% | ||
| Q1 25 | 8.3% | -0.3% | ||
| Q4 24 | 8.8% | -6.6% | ||
| Q3 24 | 8.2% | -2.8% | ||
| Q2 24 | 8.1% | 2.1% | ||
| Q1 24 | 7.0% | -5.5% |
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | — | ||
| Q2 25 | $1.53 | — | ||
| Q1 25 | $1.27 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.19 | — | ||
| Q1 24 | $0.90 | — |
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 | $78.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $308.7M |
| Total Assets | $3.5B | $541.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | $78.3M | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | $194.5M | ||
| Q3 24 | $323.0M | $288.0M | ||
| Q2 24 | $564.8M | $254.8M | ||
| Q1 24 | $506.8M | $208.3M |
| Q4 25 | $1.3B | $308.7M | ||
| Q3 25 | $1.2B | $340.9M | ||
| Q2 25 | $1.2B | $344.2M | ||
| Q1 25 | $1.2B | $336.1M | ||
| Q4 24 | $1.3B | $341.1M | ||
| Q3 24 | $1.2B | $342.2M | ||
| Q2 24 | $1.2B | $324.9M | ||
| Q1 24 | $1.2B | $292.5M |
| Q4 25 | $3.5B | $541.0M | ||
| Q3 25 | $3.4B | $559.7M | ||
| Q2 25 | $3.4B | $575.0M | ||
| Q1 25 | $3.3B | $583.7M | ||
| Q4 24 | $3.3B | $580.7M | ||
| Q3 24 | $3.3B | $653.0M | ||
| Q2 24 | $3.5B | $674.2M | ||
| Q1 24 | $3.1B | $671.8M |
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 | $-66.9M |
| Free Cash FlowOCF − Capex | $121.3M | $-69.0M |
| FCF MarginFCF / Revenue | 16.8% | -14.1% |
| Capex IntensityCapex / Revenue | 5.4% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | $-69.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | $-66.9M | ||
| Q3 25 | $105.0M | $12.1M | ||
| Q2 25 | $82.0M | $5.4M | ||
| Q1 25 | $7.4M | $-16.3M | ||
| Q4 24 | $174.7M | $34.8M | ||
| Q3 24 | $91.7M | $50.0M | ||
| Q2 24 | $83.0M | $44.8M | ||
| Q1 24 | $2.7M | $25.9M |
| Q4 25 | $121.3M | $-69.0M | ||
| Q3 25 | $65.3M | $11.4M | ||
| Q2 25 | $56.9M | $4.8M | ||
| Q1 25 | $-24.8M | $-16.5M | ||
| Q4 24 | $116.4M | $33.3M | ||
| Q3 24 | $67.2M | $49.6M | ||
| Q2 24 | $61.0M | $44.4M | ||
| Q1 24 | $-21.5M | $25.5M |
| Q4 25 | 16.8% | -14.1% | ||
| Q3 25 | 9.4% | 2.3% | ||
| Q2 25 | 8.5% | 1.0% | ||
| Q1 25 | -4.0% | -3.6% | ||
| Q4 24 | 17.5% | 9.9% | ||
| Q3 24 | 10.3% | 15.0% | ||
| Q2 24 | 10.1% | 12.5% | ||
| Q1 24 | -4.0% | 7.3% |
| Q4 25 | 5.4% | 0.4% | ||
| Q3 25 | 5.7% | 0.1% | ||
| Q2 25 | 3.7% | 0.1% | ||
| Q1 25 | 5.2% | 0.0% | ||
| Q4 24 | 8.8% | 0.5% | ||
| Q3 24 | 3.7% | 0.1% | ||
| Q2 24 | 3.6% | 0.1% | ||
| Q1 24 | 4.5% | 0.1% |
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | 6.04× | ||
| 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% |
CLOV
Segment breakdown not available.
