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Side-by-side financial comparison of BELDEN INC. (BDC) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $696.4M, roughly 1.3× BELDEN INC.). EnerSys runs the higher net margin — 9.8% vs 7.3%, a 2.5% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 0.5%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
BDC vs ENS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $919.1M |
| Net Profit | $51.0M | $90.4M |
| Gross Margin | 37.1% | 30.1% |
| Operating Margin | 11.2% | 13.5% |
| Net Margin | 7.3% | 9.8% |
| Revenue YoY | 11.4% | 1.4% |
| Net Profit YoY | -1.8% | -21.3% |
| EPS (diluted) | $1.30 | $2.40 |
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 | $919.1M | ||
| Q3 25 | $698.2M | $951.3M | ||
| Q2 25 | $672.0M | $893.0M | ||
| Q1 25 | $624.9M | $974.8M | ||
| Q4 24 | $666.0M | $906.2M | ||
| Q3 24 | $654.9M | $883.7M | ||
| Q2 24 | $604.3M | $852.9M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $90.4M | ||
| Q3 25 | $56.7M | $68.4M | ||
| Q2 25 | $61.0M | $57.5M | ||
| Q1 25 | $51.9M | $96.5M | ||
| Q4 24 | $58.4M | $114.8M | ||
| Q3 24 | $53.7M | $82.3M | ||
| Q2 24 | $49.0M | $70.1M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 30.1% | ||
| Q3 25 | 37.7% | 29.1% | ||
| Q2 25 | 38.5% | 28.4% | ||
| Q1 25 | 39.3% | 31.2% | ||
| Q4 24 | 37.5% | 32.9% | ||
| Q3 24 | 37.3% | 28.5% | ||
| Q2 24 | 37.5% | 27.9% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 13.5% | ||
| Q3 25 | 10.9% | 9.7% | ||
| Q2 25 | 11.8% | 9.7% | ||
| Q1 25 | 11.6% | 13.5% | ||
| Q4 24 | 10.4% | 15.7% | ||
| Q3 24 | 11.5% | 11.2% | ||
| Q2 24 | 11.4% | 10.7% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 9.8% | ||
| Q3 25 | 8.1% | 7.2% | ||
| Q2 25 | 9.1% | 6.4% | ||
| Q1 25 | 8.3% | 9.9% | ||
| Q4 24 | 8.8% | 12.7% | ||
| Q3 24 | 8.2% | 9.3% | ||
| Q2 24 | 8.1% | 8.2% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $2.40 | ||
| Q3 25 | $1.41 | $1.80 | ||
| Q2 25 | $1.53 | $1.46 | ||
| Q1 25 | $1.27 | $2.39 | ||
| Q4 24 | $1.41 | $2.88 | ||
| Q3 24 | $1.30 | $2.01 | ||
| Q2 24 | $1.19 | $1.71 |
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 | $450.1M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $1.9B |
| Total Assets | — | $4.0B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $450.1M | ||
| Q3 25 | $314.3M | $388.6M | ||
| Q2 25 | $301.5M | $346.7M | ||
| Q1 25 | $259.0M | $343.1M | ||
| Q4 24 | $370.3M | $463.2M | ||
| Q3 24 | $323.0M | $407.9M | ||
| Q2 24 | $564.8M | $344.1M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.9B | ||
| 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 | $1.8B | ||
| Q2 24 | $1.2B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $4.0B | ||
| Q3 25 | $3.4B | $4.1B | ||
| Q2 25 | $3.4B | $4.1B | ||
| Q1 25 | $3.3B | $4.0B | ||
| Q4 24 | $3.3B | $4.0B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.5B | $3.6B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.57× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $184.6M |
| Free Cash FlowOCF − Capex | $-63.1M | $171.3M |
| FCF MarginFCF / Revenue | -9.1% | 18.6% |
| Capex IntensityCapex / Revenue | 6.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $184.6M | ||
| Q3 25 | $105.0M | $218.0M | ||
| Q2 25 | $82.0M | $968.0K | ||
| Q1 25 | $7.4M | $135.2M | ||
| Q4 24 | $174.7M | $81.1M | ||
| Q3 24 | $91.7M | $33.6M | ||
| Q2 24 | $83.0M | $10.4M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $171.3M | ||
| Q3 25 | $65.3M | $197.1M | ||
| Q2 25 | $56.9M | $-32.1M | ||
| Q1 25 | $-24.8M | $104.9M | ||
| Q4 24 | $116.4M | $56.8M | ||
| Q3 24 | $67.2M | $3.3M | ||
| Q2 24 | $61.0M | $-25.7M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 18.6% | ||
| Q3 25 | 9.4% | 20.7% | ||
| Q2 25 | 8.5% | -3.6% | ||
| Q1 25 | -4.0% | 10.8% | ||
| Q4 24 | 17.5% | 6.3% | ||
| Q3 24 | 10.3% | 0.4% | ||
| Q2 24 | 10.1% | -3.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.4% | ||
| Q3 25 | 5.7% | 2.2% | ||
| Q2 25 | 3.7% | 3.7% | ||
| Q1 25 | 5.2% | 3.1% | ||
| Q4 24 | 8.8% | 2.7% | ||
| Q3 24 | 3.7% | 3.4% | ||
| Q2 24 | 3.6% | 4.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 2.04× | ||
| Q3 25 | 1.85× | 3.19× | ||
| Q2 25 | 1.34× | 0.02× | ||
| Q1 25 | 0.14× | 1.40× | ||
| Q4 24 | 2.99× | 0.71× | ||
| Q3 24 | 1.71× | 0.41× | ||
| Q2 24 | 1.69× | 0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
