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Side-by-side financial comparison of BELDEN INC. (BDC) and ENCORE CAPITAL GROUP INC (ECPG). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $473.6M, roughly 1.5× ENCORE CAPITAL GROUP INC). ENCORE CAPITAL GROUP INC runs the higher net margin — 16.2% vs 7.3%, a 8.9% gap on every dollar of revenue. On growth, ENCORE CAPITAL GROUP INC posted the faster year-over-year revenue change (78.3% vs 11.4%). ENCORE CAPITAL GROUP INC produced more free cash flow last quarter ($126.9M vs $-63.1M). Over the past eight quarters, ENCORE CAPITAL GROUP INC's revenue compounded faster (20.1% 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.
Encore Capital Group, Inc. is a publicly traded debt buyer based in the United States. The company is headquartered in San Diego, and operates throughout the United States. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500.
BDC vs ECPG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $473.6M |
| Net Profit | $51.0M | $76.7M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 36.6% |
| Net Margin | 7.3% | 16.2% |
| Revenue YoY | 11.4% | 78.3% |
| Net Profit YoY | -1.8% | — |
| EPS (diluted) | $1.30 | $3.32 |
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 | — | ||
| Q4 25 | $720.1M | $473.6M | ||
| Q3 25 | $698.2M | $460.4M | ||
| Q2 25 | $672.0M | $442.1M | ||
| Q1 25 | $624.9M | $392.8M | ||
| Q4 24 | $666.0M | $265.6M | ||
| Q3 24 | $654.9M | $367.1M | ||
| Q2 24 | $604.3M | $355.3M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $76.7M | ||
| Q3 25 | $56.7M | $74.7M | ||
| Q2 25 | $61.0M | $58.7M | ||
| Q1 25 | $51.9M | $46.8M | ||
| Q4 24 | $58.4M | — | ||
| Q3 24 | $53.7M | $30.6M | ||
| Q2 24 | $49.0M | $32.2M |
| 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% | 36.6% | ||
| Q3 25 | 10.9% | 37.6% | ||
| Q2 25 | 11.8% | 34.1% | ||
| Q1 25 | 11.6% | 32.9% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | 28.9% | ||
| Q2 24 | 11.4% | 28.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 16.2% | ||
| Q3 25 | 8.1% | 16.2% | ||
| Q2 25 | 9.1% | 13.3% | ||
| Q1 25 | 8.3% | 11.9% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 8.2% | 8.3% | ||
| Q2 24 | 8.1% | 9.1% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $3.32 | ||
| Q3 25 | $1.41 | $3.17 | ||
| Q2 25 | $1.53 | $2.49 | ||
| Q1 25 | $1.27 | $1.93 | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.30 | $1.26 | ||
| Q2 24 | $1.19 | $1.34 |
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 | $156.8M |
| Total DebtLower is stronger | $1.3B | $4.0B |
| Stockholders' EquityBook value | $1.3B | $976.8M |
| Total Assets | — | $5.3B |
| Debt / EquityLower = less leverage | 0.98× | 4.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $156.8M | ||
| Q3 25 | $314.3M | $172.5M | ||
| Q2 25 | $301.5M | $172.9M | ||
| Q1 25 | $259.0M | $187.1M | ||
| Q4 24 | $370.3M | $199.9M | ||
| Q3 24 | $323.0M | $247.4M | ||
| Q2 24 | $564.8M | $250.6M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $4.0B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $976.8M | ||
| Q3 25 | $1.2B | $952.9M | ||
| Q2 25 | $1.2B | $896.0M | ||
| Q1 25 | $1.2B | $819.1M | ||
| Q4 24 | $1.3B | $767.3M | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $988.1M |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $5.3B | ||
| Q3 25 | $3.4B | $5.3B | ||
| Q2 25 | $3.4B | $5.2B | ||
| Q1 25 | $3.3B | $5.0B | ||
| Q4 24 | $3.3B | $4.8B | ||
| Q3 24 | $3.3B | $5.0B | ||
| Q2 24 | $3.5B | $4.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 4.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.83× | ||
| 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 | — | $153.2M |
| Free Cash FlowOCF − Capex | $-63.1M | $126.9M |
| FCF MarginFCF / Revenue | -9.1% | 26.8% |
| Capex IntensityCapex / Revenue | 6.4% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $244.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $153.2M | ||
| Q3 25 | $105.0M | $81.6M | ||
| Q2 25 | $82.0M | $9.5M | ||
| Q1 25 | $7.4M | $45.3M | ||
| Q4 24 | $174.7M | $156.2M | ||
| Q3 24 | $91.7M | $45.9M | ||
| Q2 24 | $83.0M | $35.7M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $126.9M | ||
| Q3 25 | $65.3M | $75.6M | ||
| Q2 25 | $56.9M | $3.2M | ||
| Q1 25 | $-24.8M | $38.3M | ||
| Q4 24 | $116.4M | $127.2M | ||
| Q3 24 | $67.2M | $39.7M | ||
| Q2 24 | $61.0M | $28.3M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 26.8% | ||
| Q3 25 | 9.4% | 16.4% | ||
| Q2 25 | 8.5% | 0.7% | ||
| Q1 25 | -4.0% | 9.7% | ||
| Q4 24 | 17.5% | 47.9% | ||
| Q3 24 | 10.3% | 10.8% | ||
| Q2 24 | 10.1% | 8.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 5.5% | ||
| Q3 25 | 5.7% | 1.3% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 5.2% | 1.8% | ||
| Q4 24 | 8.8% | 10.9% | ||
| Q3 24 | 3.7% | 1.7% | ||
| Q2 24 | 3.6% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 2.00× | ||
| Q3 25 | 1.85× | 1.09× | ||
| Q2 25 | 1.34× | 0.16× | ||
| Q1 25 | 0.14× | 0.97× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 1.50× | ||
| Q2 24 | 1.69× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
