vs
Side-by-side financial comparison of BELDEN INC. (BDC) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $696.4M, roughly 1.2× BELDEN INC.). F5, Inc. runs the higher net margin — 18.2% vs 7.3%, a 10.9% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% 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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
BDC vs FFIV — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $811.7M |
| Net Profit | $51.0M | $148.0M |
| Gross Margin | 37.1% | 81.4% |
| Operating Margin | 11.2% | 22.1% |
| Net Margin | 7.3% | 18.2% |
| Revenue YoY | 11.4% | 11.0% |
| Net Profit YoY | -1.8% | 1.5% |
| EPS (diluted) | $1.30 | $2.58 |
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 | $811.7M | ||
| Q4 25 | $720.1M | $822.5M | ||
| Q3 25 | $698.2M | $810.1M | ||
| Q2 25 | $672.0M | $780.4M | ||
| Q1 25 | $624.9M | $731.1M | ||
| Q4 24 | $666.0M | $766.5M | ||
| Q3 24 | $654.9M | $746.7M | ||
| Q2 24 | $604.3M | $695.5M |
| Q1 26 | $51.0M | $148.0M | ||
| Q4 25 | $67.9M | $180.1M | ||
| Q3 25 | $56.7M | $190.5M | ||
| Q2 25 | $61.0M | $189.9M | ||
| Q1 25 | $51.9M | $145.5M | ||
| Q4 24 | $58.4M | $166.4M | ||
| Q3 24 | $53.7M | $165.3M | ||
| Q2 24 | $49.0M | $144.1M |
| Q1 26 | 37.1% | 81.4% | ||
| Q4 25 | 36.6% | 81.5% | ||
| Q3 25 | 37.7% | 82.2% | ||
| Q2 25 | 38.5% | 81.0% | ||
| Q1 25 | 39.3% | 80.7% | ||
| Q4 24 | 37.5% | 81.7% | ||
| Q3 24 | 37.3% | 80.8% | ||
| Q2 24 | 37.5% | 80.4% |
| Q1 26 | 11.2% | 22.1% | ||
| Q4 25 | 12.2% | 26.0% | ||
| Q3 25 | 10.9% | 25.4% | ||
| Q2 25 | 11.8% | 25.2% | ||
| Q1 25 | 11.6% | 21.7% | ||
| Q4 24 | 10.4% | 26.8% | ||
| Q3 24 | 11.5% | 25.6% | ||
| Q2 24 | 11.4% | 23.4% |
| Q1 26 | 7.3% | 18.2% | ||
| Q4 25 | 9.4% | 21.9% | ||
| Q3 25 | 8.1% | 23.5% | ||
| Q2 25 | 9.1% | 24.3% | ||
| Q1 25 | 8.3% | 19.9% | ||
| Q4 24 | 8.8% | 21.7% | ||
| Q3 24 | 8.2% | 22.1% | ||
| Q2 24 | 8.1% | 20.7% |
| Q1 26 | $1.30 | $2.58 | ||
| Q4 25 | $1.70 | $3.10 | ||
| Q3 25 | $1.41 | $3.25 | ||
| Q2 25 | $1.53 | $3.25 | ||
| Q1 25 | $1.27 | $2.48 | ||
| Q4 24 | $1.41 | $2.82 | ||
| Q3 24 | $1.30 | $2.79 | ||
| Q2 24 | $1.19 | $2.44 |
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 | $1.4B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $3.6B |
| Total Assets | — | $6.5B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $1.4B | ||
| Q4 25 | $389.9M | $1.2B | ||
| Q3 25 | $314.3M | $1.3B | ||
| Q2 25 | $301.5M | $1.4B | ||
| Q1 25 | $259.0M | $1.3B | ||
| Q4 24 | $370.3M | $1.2B | ||
| Q3 24 | $323.0M | $1.1B | ||
| Q2 24 | $564.8M | $935.6M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | $3.6B | ||
| Q4 25 | $1.3B | $3.5B | ||
| Q3 25 | $1.2B | $3.6B | ||
| Q2 25 | $1.2B | $3.5B | ||
| Q1 25 | $1.2B | $3.3B | ||
| Q4 24 | $1.3B | $3.2B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $3.0B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $3.5B | $6.3B | ||
| Q3 25 | $3.4B | $6.3B | ||
| Q2 25 | $3.4B | $6.1B | ||
| Q1 25 | $3.3B | $5.9B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.6B | ||
| Q2 24 | $3.5B | $5.4B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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 | — | $525.1M |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $525.1M | ||
| Q4 25 | $160.4M | $159.2M | ||
| Q3 25 | $105.0M | $208.1M | ||
| Q2 25 | $82.0M | $282.2M | ||
| Q1 25 | $7.4M | $256.6M | ||
| Q4 24 | $174.7M | $202.8M | ||
| Q3 24 | $91.7M | $246.5M | ||
| Q2 24 | $83.0M | $159.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $149.5M | ||
| Q3 25 | $65.3M | $191.9M | ||
| Q2 25 | $56.9M | $273.7M | ||
| Q1 25 | $-24.8M | $246.1M | ||
| Q4 24 | $116.4M | $194.7M | ||
| Q3 24 | $67.2M | $240.4M | ||
| Q2 24 | $61.0M | $153.1M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 18.2% | ||
| Q3 25 | 9.4% | 23.7% | ||
| Q2 25 | 8.5% | 35.1% | ||
| Q1 25 | -4.0% | 33.7% | ||
| Q4 24 | 17.5% | 25.4% | ||
| Q3 24 | 10.3% | 32.2% | ||
| Q2 24 | 10.1% | 22.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.2% | ||
| Q3 25 | 5.7% | 2.0% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 5.2% | 1.4% | ||
| Q4 24 | 8.8% | 1.1% | ||
| Q3 24 | 3.7% | 0.8% | ||
| Q2 24 | 3.6% | 0.8% |
| Q1 26 | — | 3.55× | ||
| Q4 25 | 2.36× | 0.88× | ||
| Q3 25 | 1.85× | 1.09× | ||
| Q2 25 | 1.34× | 1.49× | ||
| Q1 25 | 0.14× | 1.76× | ||
| Q4 24 | 2.99× | 1.22× | ||
| Q3 24 | 1.71× | 1.49× | ||
| Q2 24 | 1.69× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
