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Side-by-side financial comparison of BELDEN INC. (BDC) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $720.1M, roughly 1.6× BELDEN INC.). Fabrinet runs the higher net margin — 9.9% vs 9.4%, a 0.5% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 8.1%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 15.9%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
BDC vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $1.1B |
| Net Profit | $67.9M | $112.6M |
| Gross Margin | 36.6% | 12.2% |
| Operating Margin | 12.2% | 10.1% |
| Net Margin | 9.4% | 9.9% |
| Revenue YoY | 8.1% | 35.9% |
| Net Profit YoY | 16.3% | 30.0% |
| EPS (diluted) | $1.70 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $698.2M | $978.1M | ||
| Q2 25 | $672.0M | $909.7M | ||
| Q1 25 | $624.9M | $871.8M | ||
| Q4 24 | $666.0M | $833.6M | ||
| Q3 24 | $654.9M | $804.2M | ||
| Q2 24 | $604.3M | $753.3M | ||
| Q1 24 | $535.7M | $731.5M |
| Q4 25 | $67.9M | $112.6M | ||
| Q3 25 | $56.7M | $95.9M | ||
| Q2 25 | $61.0M | $87.2M | ||
| Q1 25 | $51.9M | $81.3M | ||
| Q4 24 | $58.4M | $86.6M | ||
| Q3 24 | $53.7M | $77.4M | ||
| Q2 24 | $49.0M | $81.1M | ||
| Q1 24 | $37.3M | $80.9M |
| Q4 25 | 36.6% | 12.2% | ||
| Q3 25 | 37.7% | 11.9% | ||
| Q2 25 | 38.5% | 12.2% | ||
| Q1 25 | 39.3% | 11.7% | ||
| Q4 24 | 37.5% | 12.1% | ||
| Q3 24 | 37.3% | 12.3% | ||
| Q2 24 | 37.5% | 12.3% | ||
| Q1 24 | 37.6% | 12.4% |
| Q4 25 | 12.2% | 10.1% | ||
| Q3 25 | 10.9% | 9.6% | ||
| Q2 25 | 11.8% | 9.8% | ||
| Q1 25 | 11.6% | 9.0% | ||
| Q4 24 | 10.4% | 9.5% | ||
| Q3 24 | 11.5% | 9.6% | ||
| Q2 24 | 11.4% | 9.7% | ||
| Q1 24 | 9.9% | 9.7% |
| Q4 25 | 9.4% | 9.9% | ||
| Q3 25 | 8.1% | 9.8% | ||
| Q2 25 | 9.1% | 9.6% | ||
| Q1 25 | 8.3% | 9.3% | ||
| Q4 24 | 8.8% | 10.4% | ||
| Q3 24 | 8.2% | 9.6% | ||
| Q2 24 | 8.1% | 10.8% | ||
| Q1 24 | 7.0% | 11.1% |
| Q4 25 | $1.70 | $3.11 | ||
| Q3 25 | $1.41 | $2.66 | ||
| Q2 25 | $1.53 | $2.41 | ||
| Q1 25 | $1.27 | $2.25 | ||
| Q4 24 | $1.41 | $2.38 | ||
| Q3 24 | $1.30 | $2.13 | ||
| Q2 24 | $1.19 | $2.22 | ||
| Q1 24 | $0.90 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $2.2B |
| Total Assets | $3.5B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | $960.8M | ||
| Q3 25 | $314.3M | $968.8M | ||
| Q2 25 | $301.5M | $934.2M | ||
| Q1 25 | $259.0M | $950.7M | ||
| Q4 24 | $370.3M | $934.6M | ||
| Q3 24 | $323.0M | $908.9M | ||
| Q2 24 | $564.8M | $858.6M | ||
| Q1 24 | $506.8M | $794.0M |
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.2B | $1.7B |
| Q4 25 | $3.5B | $3.3B | ||
| Q3 25 | $3.4B | $3.0B | ||
| Q2 25 | $3.4B | $2.8B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.3B | $2.5B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.5B | $2.3B | ||
| Q1 24 | $3.1B | $2.2B |
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 | $46.3M |
| Free Cash FlowOCF − Capex | $121.3M | $-5.3M |
| FCF MarginFCF / Revenue | 16.8% | -0.5% |
| Capex IntensityCapex / Revenue | 5.4% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.36× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | $46.3M | ||
| Q3 25 | $105.0M | $102.6M | ||
| Q2 25 | $82.0M | $55.1M | ||
| Q1 25 | $7.4M | $74.2M | ||
| Q4 24 | $174.7M | $115.9M | ||
| Q3 24 | $91.7M | $83.2M | ||
| Q2 24 | $83.0M | $83.1M | ||
| Q1 24 | $2.7M | $100.9M |
| Q4 25 | $121.3M | $-5.3M | ||
| Q3 25 | $65.3M | $57.3M | ||
| Q2 25 | $56.9M | $4.7M | ||
| Q1 25 | $-24.8M | $45.7M | ||
| Q4 24 | $116.4M | $94.0M | ||
| Q3 24 | $67.2M | $62.9M | ||
| Q2 24 | $61.0M | $70.4M | ||
| Q1 24 | $-21.5M | $87.3M |
| Q4 25 | 16.8% | -0.5% | ||
| Q3 25 | 9.4% | 5.9% | ||
| Q2 25 | 8.5% | 0.5% | ||
| Q1 25 | -4.0% | 5.2% | ||
| Q4 24 | 17.5% | 11.3% | ||
| Q3 24 | 10.3% | 7.8% | ||
| Q2 24 | 10.1% | 9.3% | ||
| Q1 24 | -4.0% | 11.9% |
| Q4 25 | 5.4% | 4.6% | ||
| Q3 25 | 5.7% | 4.6% | ||
| Q2 25 | 3.7% | 5.5% | ||
| Q1 25 | 5.2% | 3.3% | ||
| Q4 24 | 8.8% | 2.6% | ||
| Q3 24 | 3.7% | 2.5% | ||
| Q2 24 | 3.6% | 1.7% | ||
| Q1 24 | 4.5% | 1.9% |
| Q4 25 | 2.36× | 0.41× | ||
| Q3 25 | 1.85× | 1.07× | ||
| Q2 25 | 1.34× | 0.63× | ||
| Q1 25 | 0.14× | 0.91× | ||
| Q4 24 | 2.99× | 1.34× | ||
| Q3 24 | 1.71× | 1.07× | ||
| Q2 24 | 1.69× | 1.02× | ||
| Q1 24 | 0.07× | 1.25× |
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% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
