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Side-by-side financial comparison of BELDEN INC. (BDC) and FNB CORP (FNB). Click either name above to swap in a different company.

BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $366.0M, roughly 1.9× FNB CORP). FNB CORP runs the higher net margin — 45.9% vs 7.3%, a 38.6% gap on every dollar of revenue. On growth, FNB CORP posted the faster year-over-year revenue change (13.7% vs 11.4%). FNB CORP produced more free cash flow last quarter ($99.0M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 7.1%).

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.

FNB Corporation is a diversified financial services corporation based in Pittsburgh, Pennsylvania, and the holding company for its largest subsidiary, First National Bank. As of December 31, 2025, FNB has total assets of more than $50 billion. FNB's market coverage spans several major metropolitan areas, including Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad in North Carolina; and Charleston, South Carolina...

BDC vs FNB — Head-to-Head

Bigger by revenue
BDC
BDC
1.9× larger
BDC
$696.4M
$366.0M
FNB
Growing faster (revenue YoY)
FNB
FNB
+2.2% gap
FNB
13.7%
11.4%
BDC
Higher net margin
FNB
FNB
38.6% more per $
FNB
45.9%
7.3%
BDC
More free cash flow
FNB
FNB
$162.1M more FCF
FNB
$99.0M
$-63.1M
BDC
Faster 2-yr revenue CAGR
BDC
BDC
Annualised
BDC
7.3%
7.1%
FNB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDC
BDC
FNB
FNB
Revenue
$696.4M
$366.0M
Net Profit
$51.0M
$168.0M
Gross Margin
37.1%
Operating Margin
11.2%
45.1%
Net Margin
7.3%
45.9%
Revenue YoY
11.4%
13.7%
Net Profit YoY
-1.8%
52.7%
EPS (diluted)
$1.30
$0.47

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.

Revenue
BDC
BDC
FNB
FNB
Q1 26
$696.4M
Q4 25
$720.1M
$366.0M
Q3 25
$698.2M
$359.0M
Q2 25
$672.0M
$348.0M
Q1 25
$624.9M
$323.0M
Q4 24
$666.0M
$322.0M
Q3 24
$654.9M
$323.0M
Q2 24
$604.3M
$316.0M
Net Profit
BDC
BDC
FNB
FNB
Q1 26
$51.0M
Q4 25
$67.9M
$168.0M
Q3 25
$56.7M
$150.0M
Q2 25
$61.0M
$130.0M
Q1 25
$51.9M
$117.0M
Q4 24
$58.4M
$110.0M
Q3 24
$53.7M
$110.0M
Q2 24
$49.0M
$123.0M
Gross Margin
BDC
BDC
FNB
FNB
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%
Operating Margin
BDC
BDC
FNB
FNB
Q1 26
11.2%
Q4 25
12.2%
45.1%
Q3 25
10.9%
52.9%
Q2 25
11.8%
47.7%
Q1 25
11.6%
45.8%
Q4 24
10.4%
31.7%
Q3 24
11.5%
43.3%
Q2 24
11.4%
49.7%
Net Margin
BDC
BDC
FNB
FNB
Q1 26
7.3%
Q4 25
9.4%
45.9%
Q3 25
8.1%
41.8%
Q2 25
9.1%
37.4%
Q1 25
8.3%
36.2%
Q4 24
8.8%
34.2%
Q3 24
8.2%
34.1%
Q2 24
8.1%
38.9%
EPS (diluted)
BDC
BDC
FNB
FNB
Q1 26
$1.30
Q4 25
$1.70
$0.47
Q3 25
$1.41
$0.41
Q2 25
$1.53
$0.36
Q1 25
$1.27
$0.32
Q4 24
$1.41
$0.31
Q3 24
$1.30
$0.30
Q2 24
$1.19
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDC
BDC
FNB
FNB
Cash + ST InvestmentsLiquidity on hand
$272.2M
$2.5B
Total DebtLower is stronger
$1.3B
$1.9B
Stockholders' EquityBook value
$1.3B
$6.8B
Total Assets
$50.2B
Debt / EquityLower = less leverage
0.98×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
FNB
FNB
Q1 26
$272.2M
Q4 25
$389.9M
$2.5B
Q3 25
$314.3M
$2.4B
Q2 25
$301.5M
$2.4B
Q1 25
$259.0M
$2.4B
Q4 24
$370.3M
$2.4B
Q3 24
$323.0M
$2.1B
Q2 24
$564.8M
$1.9B
Total Debt
BDC
BDC
FNB
FNB
Q1 26
$1.3B
Q4 25
$1.9B
Q3 25
$2.1B
Q2 25
$2.7B
Q1 25
$2.5B
Q4 24
$3.0B
Q3 24
$2.5B
Q2 24
$2.0B
Stockholders' Equity
BDC
BDC
FNB
FNB
Q1 26
$1.3B
Q4 25
$1.3B
$6.8B
Q3 25
$1.2B
$6.6B
Q2 25
$1.2B
$6.5B
Q1 25
$1.2B
$6.4B
Q4 24
$1.3B
$6.3B
Q3 24
$1.2B
$6.2B
Q2 24
$1.2B
$6.1B
Total Assets
BDC
BDC
FNB
FNB
Q1 26
Q4 25
$3.5B
$50.2B
Q3 25
$3.4B
$49.9B
Q2 25
$3.4B
$49.7B
Q1 25
$3.3B
$49.0B
Q4 24
$3.3B
$48.6B
Q3 24
$3.3B
$48.0B
Q2 24
$3.5B
$47.7B
Debt / Equity
BDC
BDC
FNB
FNB
Q1 26
0.98×
Q4 25
0.28×
Q3 25
0.32×
Q2 25
0.41×
Q1 25
0.39×
Q4 24
0.48×
Q3 24
0.40×
Q2 24
0.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDC
BDC
FNB
FNB
Operating Cash FlowLast quarter
$128.0M
Free Cash FlowOCF − Capex
$-63.1M
$99.0M
FCF MarginFCF / Revenue
-9.1%
27.0%
Capex IntensityCapex / Revenue
6.4%
7.9%
Cash ConversionOCF / Net Profit
0.76×
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$376.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
FNB
FNB
Q1 26
Q4 25
$160.4M
$128.0M
Q3 25
$105.0M
$167.0M
Q2 25
$82.0M
$123.0M
Q1 25
$7.4M
$64.0M
Q4 24
$174.7M
$326.0M
Q3 24
$91.7M
$-14.0M
Q2 24
$83.0M
$85.0M
Free Cash Flow
BDC
BDC
FNB
FNB
Q1 26
$-63.1M
Q4 25
$121.3M
$99.0M
Q3 25
$65.3M
$149.0M
Q2 25
$56.9M
$85.0M
Q1 25
$-24.8M
$43.0M
Q4 24
$116.4M
$278.0M
Q3 24
$67.2M
$-46.0M
Q2 24
$61.0M
$55.0M
FCF Margin
BDC
BDC
FNB
FNB
Q1 26
-9.1%
Q4 25
16.8%
27.0%
Q3 25
9.4%
41.5%
Q2 25
8.5%
24.4%
Q1 25
-4.0%
13.3%
Q4 24
17.5%
86.3%
Q3 24
10.3%
-14.2%
Q2 24
10.1%
17.4%
Capex Intensity
BDC
BDC
FNB
FNB
Q1 26
6.4%
Q4 25
5.4%
7.9%
Q3 25
5.7%
5.0%
Q2 25
3.7%
10.9%
Q1 25
5.2%
6.5%
Q4 24
8.8%
14.9%
Q3 24
3.7%
9.9%
Q2 24
3.6%
9.5%
Cash Conversion
BDC
BDC
FNB
FNB
Q1 26
Q4 25
2.36×
0.76×
Q3 25
1.85×
1.11×
Q2 25
1.34×
0.95×
Q1 25
0.14×
0.55×
Q4 24
2.99×
2.96×
Q3 24
1.71×
-0.13×
Q2 24
1.69×
0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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