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Side-by-side financial comparison of BELDEN INC. (BDC) and CNA FINANCIAL CORP (CNA). Click either name above to swap in a different company.

BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $389.0M, roughly 1.8× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 7.3%, a 70.3% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -2.2%).

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.

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

BDC vs CNA — Head-to-Head

Bigger by revenue
BDC
BDC
1.8× larger
BDC
$696.4M
$389.0M
CNA
Growing faster (revenue YoY)
BDC
BDC
+13.5% gap
BDC
11.4%
-2.0%
CNA
Higher net margin
CNA
CNA
70.3% more per $
CNA
77.6%
7.3%
BDC
More free cash flow
CNA
CNA
$605.1M more FCF
CNA
$542.0M
$-63.1M
BDC
Faster 2-yr revenue CAGR
BDC
BDC
Annualised
BDC
7.3%
-2.2%
CNA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDC
BDC
CNA
CNA
Revenue
$696.4M
$389.0M
Net Profit
$51.0M
$302.0M
Gross Margin
37.1%
Operating Margin
11.2%
97.2%
Net Margin
7.3%
77.6%
Revenue YoY
11.4%
-2.0%
Net Profit YoY
-1.8%
1338.1%
EPS (diluted)
$1.30
$1.11

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
CNA
CNA
Q1 26
$696.4M
Q4 25
$720.1M
$389.0M
Q3 25
$698.2M
$393.0M
Q2 25
$672.0M
$398.0M
Q1 25
$624.9M
$397.0M
Q4 24
$666.0M
$397.0M
Q3 24
$654.9M
$401.0M
Q2 24
$604.3M
$404.0M
Net Profit
BDC
BDC
CNA
CNA
Q1 26
$51.0M
Q4 25
$67.9M
$302.0M
Q3 25
$56.7M
$403.0M
Q2 25
$61.0M
$299.0M
Q1 25
$51.9M
$274.0M
Q4 24
$58.4M
$21.0M
Q3 24
$53.7M
$283.0M
Q2 24
$49.0M
$317.0M
Gross Margin
BDC
BDC
CNA
CNA
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%
Operating Margin
BDC
BDC
CNA
CNA
Q1 26
11.2%
Q4 25
12.2%
97.2%
Q3 25
10.9%
Q2 25
11.8%
95.5%
Q1 25
11.6%
87.9%
Q4 24
10.4%
5.3%
Q3 24
11.5%
90.0%
Q2 24
11.4%
99.5%
Net Margin
BDC
BDC
CNA
CNA
Q1 26
7.3%
Q4 25
9.4%
77.6%
Q3 25
8.1%
102.5%
Q2 25
9.1%
75.1%
Q1 25
8.3%
69.0%
Q4 24
8.8%
5.3%
Q3 24
8.2%
70.6%
Q2 24
8.1%
78.5%
EPS (diluted)
BDC
BDC
CNA
CNA
Q1 26
$1.30
Q4 25
$1.70
$1.11
Q3 25
$1.41
$1.48
Q2 25
$1.53
$1.10
Q1 25
$1.27
$1.00
Q4 24
$1.41
$0.07
Q3 24
$1.30
$1.04
Q2 24
$1.19
$1.17

Balance Sheet & Financial Strength

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

Metric
BDC
BDC
CNA
CNA
Cash + ST InvestmentsLiquidity on hand
$272.2M
Total DebtLower is stronger
$1.3B
$3.0B
Stockholders' EquityBook value
$1.3B
$11.6B
Total Assets
$69.4B
Debt / EquityLower = less leverage
0.98×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
CNA
CNA
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
Total Debt
BDC
BDC
CNA
CNA
Q1 26
$1.3B
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
CNA
CNA
Q1 26
$1.3B
Q4 25
$1.3B
$11.6B
Q3 25
$1.2B
$11.3B
Q2 25
$1.2B
$10.7B
Q1 25
$1.2B
$10.3B
Q4 24
$1.3B
$10.5B
Q3 24
$1.2B
$10.8B
Q2 24
$1.2B
$9.9B
Total Assets
BDC
BDC
CNA
CNA
Q1 26
Q4 25
$3.5B
$69.4B
Q3 25
$3.4B
$69.8B
Q2 25
$3.4B
$68.9B
Q1 25
$3.3B
$67.3B
Q4 24
$3.3B
$66.5B
Q3 24
$3.3B
$67.4B
Q2 24
$3.5B
$65.2B
Debt / Equity
BDC
BDC
CNA
CNA
Q1 26
0.98×
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
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
CNA
CNA
Operating Cash FlowLast quarter
$570.0M
Free Cash FlowOCF − Capex
$-63.1M
$542.0M
FCF MarginFCF / Revenue
-9.1%
139.3%
Capex IntensityCapex / Revenue
6.4%
7.2%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
CNA
CNA
Q1 26
Q4 25
$160.4M
$570.0M
Q3 25
$105.0M
$720.0M
Q2 25
$82.0M
$562.0M
Q1 25
$7.4M
$638.0M
Q4 24
$174.7M
$703.0M
Q3 24
$91.7M
$748.0M
Q2 24
$83.0M
$616.0M
Free Cash Flow
BDC
BDC
CNA
CNA
Q1 26
$-63.1M
Q4 25
$121.3M
$542.0M
Q3 25
$65.3M
$704.0M
Q2 25
$56.9M
$538.0M
Q1 25
$-24.8M
$620.0M
Q4 24
$116.4M
$665.0M
Q3 24
$67.2M
$730.0M
Q2 24
$61.0M
$597.0M
FCF Margin
BDC
BDC
CNA
CNA
Q1 26
-9.1%
Q4 25
16.8%
139.3%
Q3 25
9.4%
179.1%
Q2 25
8.5%
135.2%
Q1 25
-4.0%
156.2%
Q4 24
17.5%
167.5%
Q3 24
10.3%
182.0%
Q2 24
10.1%
147.8%
Capex Intensity
BDC
BDC
CNA
CNA
Q1 26
6.4%
Q4 25
5.4%
7.2%
Q3 25
5.7%
4.1%
Q2 25
3.7%
6.0%
Q1 25
5.2%
4.5%
Q4 24
8.8%
9.6%
Q3 24
3.7%
4.5%
Q2 24
3.6%
4.7%
Cash Conversion
BDC
BDC
CNA
CNA
Q1 26
Q4 25
2.36×
1.89×
Q3 25
1.85×
1.79×
Q2 25
1.34×
1.88×
Q1 25
0.14×
2.33×
Q4 24
2.99×
33.48×
Q3 24
1.71×
2.64×
Q2 24
1.69×
1.94×

Financial Flow Comparison

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

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