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Side-by-side financial comparison of BELDEN INC. (BDC) and Fortive (FTV). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.1B vs $696.4M, roughly 1.5× BELDEN INC.). Fortive runs the higher net margin — 12.8% vs 7.3%, a 5.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 7.7%). Fortive produced more free cash flow last quarter ($193.8M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -17.0%).
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.
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
BDC vs FTV — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.1B |
| Net Profit | $51.0M | $136.4M |
| Gross Margin | 37.1% | 63.2% |
| Operating Margin | 11.2% | 17.9% |
| Net Margin | 7.3% | 12.8% |
| Revenue YoY | 11.4% | 7.7% |
| Net Profit YoY | -1.8% | 21.1% |
| 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 | $1.1B | ||
| Q4 25 | $720.1M | $1.1B | ||
| Q3 25 | $698.2M | $1.0B | ||
| Q2 25 | $672.0M | $1.5B | ||
| Q1 25 | $624.9M | $1.5B | ||
| Q4 24 | $666.0M | $1.6B | ||
| Q3 24 | $654.9M | $1.5B | ||
| Q2 24 | $604.3M | $1.6B |
| Q1 26 | $51.0M | $136.4M | ||
| Q4 25 | $67.9M | $185.7M | ||
| Q3 25 | $56.7M | $55.0M | ||
| Q2 25 | $61.0M | $166.6M | ||
| Q1 25 | $51.9M | $171.9M | ||
| Q4 24 | $58.4M | $208.8M | ||
| Q3 24 | $53.7M | $221.6M | ||
| Q2 24 | $49.0M | $195.1M |
| Q1 26 | 37.1% | 63.2% | ||
| Q4 25 | 36.6% | 63.2% | ||
| Q3 25 | 37.7% | 63.2% | ||
| Q2 25 | 38.5% | 59.0% | ||
| Q1 25 | 39.3% | 59.8% | ||
| Q4 24 | 37.5% | 60.3% | ||
| Q3 24 | 37.3% | 60.0% | ||
| Q2 24 | 37.5% | 59.8% |
| Q1 26 | 11.2% | 17.9% | ||
| Q4 25 | 12.2% | 20.1% | ||
| Q3 25 | 10.9% | 15.5% | ||
| Q2 25 | 11.8% | 14.6% | ||
| Q1 25 | 11.6% | 15.8% | ||
| Q4 24 | 10.4% | 19.0% | ||
| Q3 24 | 11.5% | 19.3% | ||
| Q2 24 | 11.4% | 19.4% |
| Q1 26 | 7.3% | 12.8% | ||
| Q4 25 | 9.4% | 16.5% | ||
| Q3 25 | 8.1% | 5.4% | ||
| Q2 25 | 9.1% | 11.0% | ||
| Q1 25 | 8.3% | 11.7% | ||
| Q4 24 | 8.8% | 12.9% | ||
| Q3 24 | 8.2% | 14.4% | ||
| Q2 24 | 8.1% | 12.6% |
| Q1 26 | $1.30 | $0.44 | ||
| Q4 25 | $1.70 | $0.60 | ||
| Q3 25 | $1.41 | $0.16 | ||
| Q2 25 | $1.53 | $0.49 | ||
| Q1 25 | $1.27 | $0.50 | ||
| Q4 24 | $1.41 | $0.60 | ||
| Q3 24 | $1.30 | $0.63 | ||
| Q2 24 | $1.19 | $0.55 |
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 | $356.1M |
| Total DebtLower is stronger | $1.3B | $3.5B |
| Stockholders' EquityBook value | $1.3B | $6.1B |
| Total Assets | — | $11.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $356.1M | ||
| Q4 25 | $389.9M | $375.5M | ||
| Q3 25 | $314.3M | $430.8M | ||
| Q2 25 | $301.5M | $1.8B | ||
| Q1 25 | $259.0M | $892.1M | ||
| Q4 24 | $370.3M | $813.3M | ||
| Q3 24 | $323.0M | $811.3M | ||
| Q2 24 | $564.8M | $644.1M |
| Q1 26 | $1.3B | $3.5B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.8B |
| Q1 26 | $1.3B | $6.1B | ||
| Q4 25 | $1.3B | $6.5B | ||
| Q3 25 | $1.2B | $6.5B | ||
| Q2 25 | $1.2B | $10.4B | ||
| Q1 25 | $1.2B | $10.2B | ||
| Q4 24 | $1.3B | $10.2B | ||
| Q3 24 | $1.2B | $10.6B | ||
| Q2 24 | $1.2B | $10.5B |
| Q1 26 | — | $11.6B | ||
| Q4 25 | $3.5B | $11.7B | ||
| Q3 25 | $3.4B | $11.9B | ||
| Q2 25 | $3.4B | $18.2B | ||
| Q1 25 | $3.3B | $17.1B | ||
| Q4 24 | $3.3B | $17.0B | ||
| Q3 24 | $3.3B | $17.5B | ||
| Q2 24 | $3.5B | $17.3B |
| Q1 26 | 0.98× | 0.57× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.36× |
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 | — | $234.8M |
| Free Cash FlowOCF − Capex | $-63.1M | $193.8M |
| FCF MarginFCF / Revenue | -9.1% | 18.1% |
| Capex IntensityCapex / Revenue | 6.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $935.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $234.8M | ||
| Q4 25 | $160.4M | $1.1B | ||
| Q3 25 | $105.0M | $164.4M | ||
| Q2 25 | $82.0M | $311.2M | ||
| Q1 25 | $7.4M | $241.7M | ||
| Q4 24 | $174.7M | $502.2M | ||
| Q3 24 | $91.7M | $459.0M | ||
| Q2 24 | $83.0M | $308.9M |
| Q1 26 | $-63.1M | $193.8M | ||
| Q4 25 | $121.3M | $313.8M | ||
| Q3 25 | $65.3M | $153.1M | ||
| Q2 25 | $56.9M | $274.5M | ||
| Q1 25 | $-24.8M | $215.0M | ||
| Q4 24 | $116.4M | $465.2M | ||
| Q3 24 | $67.2M | $431.2M | ||
| Q2 24 | $61.0M | $279.7M |
| Q1 26 | -9.1% | 18.1% | ||
| Q4 25 | 16.8% | 28.0% | ||
| Q3 25 | 9.4% | 14.9% | ||
| Q2 25 | 8.5% | 18.1% | ||
| Q1 25 | -4.0% | 14.6% | ||
| Q4 24 | 17.5% | 28.7% | ||
| Q3 24 | 10.3% | 28.1% | ||
| Q2 24 | 10.1% | 18.0% |
| Q1 26 | 6.4% | 2.5% | ||
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 5.7% | 1.1% | ||
| Q2 25 | 3.7% | 2.4% | ||
| Q1 25 | 5.2% | 1.8% | ||
| Q4 24 | 8.8% | 2.3% | ||
| Q3 24 | 3.7% | 1.8% | ||
| Q2 24 | 3.6% | 1.9% |
| Q1 26 | — | 1.72× | ||
| Q4 25 | 2.36× | 5.83× | ||
| Q3 25 | 1.85× | 2.99× | ||
| Q2 25 | 1.34× | 1.87× | ||
| Q1 25 | 0.14× | 1.41× | ||
| Q4 24 | 2.99× | 2.41× | ||
| Q3 24 | 1.71× | 2.07× | ||
| Q2 24 | 1.69× | 1.58× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
