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Side-by-side financial comparison of BELDEN INC. (BDC) and Fidelity National Financial, Inc. (FNF). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $544.0M, roughly 1.3× Fidelity National Financial, Inc.). BELDEN INC. runs the higher net margin — 7.3% vs -21.5%, a 28.8% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 10.3%). Over the past eight quarters, Fidelity National Financial, Inc.'s revenue compounded faster (13.7% 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.
Fidelity National Financial, Inc., is an American provider of title insurance and settlement services to the real estate and mortgage industries. A Fortune 500 company, Fidelity National Financial generated approximately $8.469 billion in annual revenue in 2019 from its title and real estate-related operations. The company was the first instance of an attorney licensed by a Native American Tribe being certified as "authorized house counsel" in the state of Florida.
BDC vs FNF — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $544.0M |
| Net Profit | $51.0M | $-117.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 82.9% |
| Net Margin | 7.3% | -21.5% |
| Revenue YoY | 11.4% | 10.3% |
| Net Profit YoY | -1.8% | -126.0% |
| EPS (diluted) | $1.30 | $-0.44 |
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 | $544.0M | ||
| Q3 25 | $698.2M | $553.0M | ||
| Q2 25 | $672.0M | $547.0M | ||
| Q1 25 | $624.9M | $455.0M | ||
| Q4 24 | $666.0M | $493.0M | ||
| Q3 24 | $654.9M | $506.0M | ||
| Q2 24 | $604.3M | $504.0M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $-117.0M | ||
| Q3 25 | $56.7M | $358.0M | ||
| Q2 25 | $61.0M | $278.0M | ||
| Q1 25 | $51.9M | $83.0M | ||
| Q4 24 | $58.4M | $450.0M | ||
| Q3 24 | $53.7M | $266.0M | ||
| Q2 24 | $49.0M | $306.0M |
| 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% | — |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 82.9% | ||
| Q3 25 | 10.9% | 81.9% | ||
| Q2 25 | 11.8% | 69.8% | ||
| Q1 25 | 11.6% | 24.4% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | 61.9% | ||
| Q2 24 | 11.4% | 90.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | -21.5% | ||
| Q3 25 | 8.1% | 64.7% | ||
| Q2 25 | 9.1% | 50.8% | ||
| Q1 25 | 8.3% | 18.2% | ||
| Q4 24 | 8.8% | 91.3% | ||
| Q3 24 | 8.2% | 52.6% | ||
| Q2 24 | 8.1% | 60.7% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $-0.44 | ||
| Q3 25 | $1.41 | $1.33 | ||
| Q2 25 | $1.53 | $1.02 | ||
| Q1 25 | $1.27 | $0.30 | ||
| Q4 24 | $1.41 | $1.65 | ||
| Q3 24 | $1.30 | $0.97 | ||
| Q2 24 | $1.19 | $1.12 |
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 | $2.6B |
| Total DebtLower is stronger | $1.3B | $4.4B |
| Stockholders' EquityBook value | $1.3B | $7.4B |
| Total Assets | — | $109.0B |
| Debt / EquityLower = less leverage | 0.98× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $2.6B | ||
| Q3 25 | $314.3M | $3.5B | ||
| Q2 25 | $301.5M | $3.3B | ||
| Q1 25 | $259.0M | $4.5B | ||
| Q4 24 | $370.3M | $3.5B | ||
| Q3 24 | $323.0M | $5.0B | ||
| Q2 24 | $564.8M | $4.9B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $7.4B | ||
| Q3 25 | $1.2B | $8.4B | ||
| Q2 25 | $1.2B | $7.9B | ||
| Q1 25 | $1.2B | $7.9B | ||
| Q4 24 | $1.3B | $7.8B | ||
| Q3 24 | $1.2B | $8.1B | ||
| Q2 24 | $1.2B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $109.0B | ||
| Q3 25 | $3.4B | $106.6B | ||
| Q2 25 | $3.4B | $102.3B | ||
| Q1 25 | $3.3B | $98.2B | ||
| Q4 24 | $3.3B | $95.4B | ||
| Q3 24 | $3.3B | $94.7B | ||
| Q2 24 | $3.5B | $88.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.58× |
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 | — | $1.5B |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $1.5B | ||
| Q3 25 | $105.0M | $1.3B | ||
| Q2 25 | $82.0M | $1.9B | ||
| Q1 25 | $7.4M | $1.1B | ||
| Q4 24 | $174.7M | $1.5B | ||
| Q3 24 | $91.7M | $2.4B | ||
| Q2 24 | $83.0M | $1.4B |
| 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× | — | ||
| Q3 25 | 1.85× | 3.66× | ||
| Q2 25 | 1.34× | 6.82× | ||
| Q1 25 | 0.14× | 13.43× | ||
| Q4 24 | 2.99× | 3.32× | ||
| Q3 24 | 1.71× | 8.89× | ||
| Q2 24 | 1.69× | 4.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
FNF
| Escrow Fees | $241.0M | 44% |
| Other Title Related Fees And Income | $182.0M | 33% |
| Service Link Excluding Title Premiums Escrow Fees And Subservicing Fees | $87.0M | 16% |
| Insurance Contracts Home Warranty | $31.0M | 6% |
