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Side-by-side financial comparison of BELDEN INC. (BDC) and DELUXE CORP (DLX). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $535.2M, roughly 1.3× DELUXE CORP). BELDEN INC. runs the higher net margin — 9.4% vs 2.2%, a 7.2% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs 2.8%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs 0.0%).
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.
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
BDC vs DLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $535.2M |
| Net Profit | $67.9M | $12.0M |
| Gross Margin | 36.6% | 52.2% |
| Operating Margin | 12.2% | 8.9% |
| Net Margin | 9.4% | 2.2% |
| Revenue YoY | 8.1% | 2.8% |
| Net Profit YoY | 16.3% | -5.0% |
| EPS (diluted) | $1.70 | $0.25 |
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 | $535.2M | ||
| Q3 25 | $698.2M | $540.2M | ||
| Q2 25 | $672.0M | $521.3M | ||
| Q1 25 | $624.9M | $536.5M | ||
| Q4 24 | $666.0M | $520.6M | ||
| Q3 24 | $654.9M | $528.4M | ||
| Q2 24 | $604.3M | $537.8M | ||
| Q1 24 | $535.7M | $535.0M |
| Q4 25 | $67.9M | $12.0M | ||
| Q3 25 | $56.7M | $33.7M | ||
| Q2 25 | $61.0M | $22.4M | ||
| Q1 25 | $51.9M | $14.0M | ||
| Q4 24 | $58.4M | $12.6M | ||
| Q3 24 | $53.7M | $8.9M | ||
| Q2 24 | $49.0M | $20.5M | ||
| Q1 24 | $37.3M | $10.8M |
| Q4 25 | 36.6% | 52.2% | ||
| Q3 25 | 37.7% | 53.9% | ||
| Q2 25 | 38.5% | 53.6% | ||
| Q1 25 | 39.3% | 52.4% | ||
| Q4 24 | 37.5% | 52.3% | ||
| Q3 24 | 37.3% | 53.3% | ||
| Q2 24 | 37.5% | 53.7% | ||
| Q1 24 | 37.6% | 53.0% |
| Q4 25 | 12.2% | 8.9% | ||
| Q3 25 | 10.9% | 14.0% | ||
| Q2 25 | 11.8% | 11.7% | ||
| Q1 25 | 11.6% | 9.0% | ||
| Q4 24 | 10.4% | 9.0% | ||
| Q3 24 | 11.5% | 7.9% | ||
| Q2 24 | 11.4% | 11.0% | ||
| Q1 24 | 9.9% | 8.3% |
| Q4 25 | 9.4% | 2.2% | ||
| Q3 25 | 8.1% | 6.2% | ||
| Q2 25 | 9.1% | 4.3% | ||
| Q1 25 | 8.3% | 2.6% | ||
| Q4 24 | 8.8% | 2.4% | ||
| Q3 24 | 8.2% | 1.7% | ||
| Q2 24 | 8.1% | 3.8% | ||
| Q1 24 | 7.0% | 2.0% |
| Q4 25 | $1.70 | $0.25 | ||
| Q3 25 | $1.41 | $0.74 | ||
| Q2 25 | $1.53 | $0.50 | ||
| Q1 25 | $1.27 | $0.31 | ||
| Q4 24 | $1.41 | $0.28 | ||
| Q3 24 | $1.30 | $0.20 | ||
| Q2 24 | $1.19 | $0.46 | ||
| Q1 24 | $0.90 | $0.24 |
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 | $36.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $680.7M |
| Total Assets | $3.5B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | $36.9M | ||
| Q3 25 | $314.3M | $25.8M | ||
| Q2 25 | $301.5M | $26.0M | ||
| Q1 25 | $259.0M | $30.3M | ||
| Q4 24 | $370.3M | $34.4M | ||
| Q3 24 | $323.0M | $41.3M | ||
| Q2 24 | $564.8M | $23.1M | ||
| Q1 24 | $506.8M | $23.5M |
| Q4 25 | $1.3B | $680.7M | ||
| Q3 25 | $1.2B | $664.1M | ||
| Q2 25 | $1.2B | $638.7M | ||
| Q1 25 | $1.2B | $622.5M | ||
| Q4 24 | $1.3B | $620.9M | ||
| Q3 24 | $1.2B | $612.7M | ||
| Q2 24 | $1.2B | $620.5M | ||
| Q1 24 | $1.2B | $608.4M |
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | $3.4B | $2.6B | ||
| Q2 25 | $3.4B | $2.5B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.3B | $2.8B | ||
| Q3 24 | $3.3B | $2.6B | ||
| Q2 24 | $3.5B | $2.7B | ||
| Q1 24 | $3.1B | $2.7B |
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 | $102.1M |
| Free Cash FlowOCF − Capex | $121.3M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 5.4% | — |
| Cash ConversionOCF / Net Profit | 2.36× | 8.53× |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | $102.1M | ||
| Q3 25 | $105.0M | $67.1M | ||
| Q2 25 | $82.0M | $51.1M | ||
| Q1 25 | $7.4M | $50.3M | ||
| Q4 24 | $174.7M | $60.2M | ||
| Q3 24 | $91.7M | $67.9M | ||
| Q2 24 | $83.0M | $39.6M | ||
| Q1 24 | $2.7M | $26.6M |
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | $27.8M | ||
| Q1 25 | $-24.8M | $24.3M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | $46.7M | ||
| Q2 24 | $61.0M | $11.4M | ||
| Q1 24 | $-21.5M | $6.1M |
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | 5.3% | ||
| Q1 25 | -4.0% | 4.5% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | 8.8% | ||
| Q2 24 | 10.1% | 2.1% | ||
| Q1 24 | -4.0% | 1.1% |
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | 4.5% | ||
| Q1 25 | 5.2% | 4.8% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | 4.0% | ||
| Q2 24 | 3.6% | 5.2% | ||
| Q1 24 | 4.5% | 3.8% |
| Q4 25 | 2.36× | 8.53× | ||
| Q3 25 | 1.85× | 1.99× | ||
| Q2 25 | 1.34× | 2.28× | ||
| Q1 25 | 0.14× | 3.59× | ||
| Q4 24 | 2.99× | 4.77× | ||
| Q3 24 | 1.71× | 7.60× | ||
| Q2 24 | 1.69× | 1.94× | ||
| Q1 24 | 0.07× | 2.46× |
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% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
