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Side-by-side financial comparison of BELDEN INC. (BDC) and Essex Property Trust (ESS). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $479.6M, roughly 1.5× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 7.3%, a 10.5% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 5.5%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 6.0%).
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.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
BDC vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $479.6M |
| Net Profit | $51.0M | $85.7M |
| Gross Margin | 37.1% | 70.0% |
| Operating Margin | 11.2% | 31.7% |
| Net Margin | 7.3% | 17.9% |
| Revenue YoY | 11.4% | 5.5% |
| Net Profit YoY | -1.8% | -71.6% |
| EPS (diluted) | $1.30 | $1.24 |
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 | $479.6M | ||
| Q3 25 | $698.2M | $473.3M | ||
| Q2 25 | $672.0M | $469.8M | ||
| Q1 25 | $624.9M | $464.6M | ||
| Q4 24 | $666.0M | $454.5M | ||
| Q3 24 | $654.9M | $450.7M | ||
| Q2 24 | $604.3M | $442.4M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $85.7M | ||
| Q3 25 | $56.7M | $172.7M | ||
| Q2 25 | $61.0M | $231.5M | ||
| Q1 25 | $51.9M | $212.8M | ||
| Q4 24 | $58.4M | $301.7M | ||
| Q3 24 | $53.7M | $125.5M | ||
| Q2 24 | $49.0M | $99.0M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 70.0% | ||
| Q3 25 | 37.7% | 69.2% | ||
| Q2 25 | 38.5% | 70.7% | ||
| Q1 25 | 39.3% | 69.6% | ||
| Q4 24 | 37.5% | 70.0% | ||
| Q3 24 | 37.3% | 69.5% | ||
| Q2 24 | 37.5% | 70.8% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 31.7% | ||
| Q3 25 | 10.9% | 44.5% | ||
| Q2 25 | 11.8% | 59.5% | ||
| Q1 25 | 11.6% | 55.3% | ||
| Q4 24 | 10.4% | 67.0% | ||
| Q3 24 | 11.5% | 28.6% | ||
| Q2 24 | 11.4% | 31.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 17.9% | ||
| Q3 25 | 8.1% | 36.5% | ||
| Q2 25 | 9.1% | 49.3% | ||
| Q1 25 | 8.3% | 45.8% | ||
| Q4 24 | 8.8% | 66.4% | ||
| Q3 24 | 8.2% | 27.8% | ||
| Q2 24 | 8.1% | 22.4% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $1.24 | ||
| Q3 25 | $1.41 | $2.56 | ||
| Q2 25 | $1.53 | $3.44 | ||
| Q1 25 | $1.27 | $3.16 | ||
| Q4 24 | $1.41 | $4.00 | ||
| Q3 24 | $1.30 | $1.84 | ||
| Q2 24 | $1.19 | $1.45 |
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 | $76.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $5.5B |
| Total Assets | — | $13.2B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $76.2M | ||
| Q3 25 | $314.3M | $66.0M | ||
| Q2 25 | $301.5M | $58.7M | ||
| Q1 25 | $259.0M | $98.7M | ||
| Q4 24 | $370.3M | $66.8M | ||
| Q3 24 | $323.0M | $71.3M | ||
| Q2 24 | $564.8M | $55.2M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $5.5B | ||
| Q3 25 | $1.2B | $5.6B | ||
| Q2 25 | $1.2B | $5.6B | ||
| Q1 25 | $1.2B | $5.6B | ||
| Q4 24 | $1.3B | $5.5B | ||
| Q3 24 | $1.2B | $5.4B | ||
| Q2 24 | $1.2B | $5.5B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $13.2B | ||
| Q3 25 | $3.4B | $13.2B | ||
| Q2 25 | $3.4B | $13.2B | ||
| Q1 25 | $3.3B | $13.2B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | $3.3B | $12.6B | ||
| Q2 24 | $3.5B | $12.5B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 1.13× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $1.1B | ||
| Q3 25 | $105.0M | $342.6M | ||
| Q2 25 | $82.0M | $216.1M | ||
| Q1 25 | $7.4M | $281.5M | ||
| Q4 24 | $174.7M | $1.1B | ||
| Q3 24 | $91.7M | $316.2M | ||
| Q2 24 | $83.0M | $218.9M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 12.53× | ||
| Q3 25 | 1.85× | 1.98× | ||
| Q2 25 | 1.34× | 0.93× | ||
| Q1 25 | 0.14× | 1.32× | ||
| Q4 24 | 2.99× | 3.54× | ||
| Q3 24 | 1.71× | 2.52× | ||
| Q2 24 | 1.69× | 2.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
