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Side-by-side financial comparison of BELDEN INC. (BDC) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $696.4M, roughly 1.8× BELDEN INC.). Graham Holdings Co runs the higher net margin — 8.7% vs 7.3%, a 1.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 0.4%). Graham Holdings Co produced more free cash flow last quarter ($5.0M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 4.2%).
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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
BDC vs GHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.3B |
| Net Profit | $51.0M | $108.7M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 3.8% |
| Net Margin | 7.3% | 8.7% |
| Revenue YoY | 11.4% | 0.4% |
| Net Profit YoY | -1.8% | -80.2% |
| EPS (diluted) | $1.30 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $698.2M | $1.3B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $624.9M | $1.2B | ||
| Q4 24 | $666.0M | $1.2B | ||
| Q3 24 | $654.9M | $1.2B | ||
| Q2 24 | $604.3M | $1.2B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $108.7M | ||
| Q3 25 | $56.7M | $122.9M | ||
| Q2 25 | $61.0M | $36.7M | ||
| Q1 25 | $51.9M | $23.9M | ||
| Q4 24 | $58.4M | $548.8M | ||
| Q3 24 | $53.7M | $72.5M | ||
| Q2 24 | $49.0M | $-21.0M |
| 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% | 3.8% | ||
| Q3 25 | 10.9% | 5.2% | ||
| Q2 25 | 11.8% | 6.0% | ||
| Q1 25 | 11.6% | 4.1% | ||
| Q4 24 | 10.4% | 5.8% | ||
| Q3 24 | 11.5% | 6.8% | ||
| Q2 24 | 11.4% | 2.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 8.7% | ||
| Q3 25 | 8.1% | 9.6% | ||
| Q2 25 | 9.1% | 3.0% | ||
| Q1 25 | 8.3% | 2.0% | ||
| Q4 24 | 8.8% | 44.1% | ||
| Q3 24 | 8.2% | 6.0% | ||
| Q2 24 | 8.1% | -1.8% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $24.76 | ||
| Q3 25 | $1.41 | $27.91 | ||
| Q2 25 | $1.53 | $8.35 | ||
| Q1 25 | $1.27 | $5.45 | ||
| Q4 24 | $1.41 | $124.05 | ||
| Q3 24 | $1.30 | $16.42 | ||
| Q2 24 | $1.19 | $-4.79 |
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 | $267.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $4.8B |
| Total Assets | — | $8.4B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $267.0M | ||
| Q3 25 | $314.3M | $190.8M | ||
| Q2 25 | $301.5M | $176.2M | ||
| Q1 25 | $259.0M | $156.7M | ||
| Q4 24 | $370.3M | $260.9M | ||
| Q3 24 | $323.0M | $244.4M | ||
| Q2 24 | $564.8M | $140.7M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $4.8B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $4.4B | ||
| Q1 25 | $1.2B | $4.3B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $8.4B | ||
| Q3 25 | $3.4B | $7.9B | ||
| Q2 25 | $3.4B | $7.6B | ||
| Q1 25 | $3.3B | $7.6B | ||
| Q4 24 | $3.3B | $7.7B | ||
| Q3 24 | $3.3B | $7.4B | ||
| Q2 24 | $3.5B | $7.2B |
| 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 | — | $28.3M |
| Free Cash FlowOCF − Capex | $-63.1M | $5.0M |
| FCF MarginFCF / Revenue | -9.1% | 0.4% |
| Capex IntensityCapex / Revenue | 6.4% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $28.3M | ||
| Q3 25 | $105.0M | $178.1M | ||
| Q2 25 | $82.0M | $94.8M | ||
| Q1 25 | $7.4M | $46.0M | ||
| Q4 24 | $174.7M | $116.3M | ||
| Q3 24 | $91.7M | $237.6M | ||
| Q2 24 | $83.0M | $52.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $5.0M | ||
| Q3 25 | $65.3M | $161.8M | ||
| Q2 25 | $56.9M | $78.0M | ||
| Q1 25 | $-24.8M | $30.5M | ||
| Q4 24 | $116.4M | $91.1M | ||
| Q3 24 | $67.2M | $219.4M | ||
| Q2 24 | $61.0M | $33.7M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 0.4% | ||
| Q3 25 | 9.4% | 12.6% | ||
| Q2 25 | 8.5% | 6.4% | ||
| Q1 25 | -4.0% | 2.6% | ||
| Q4 24 | 17.5% | 7.3% | ||
| Q3 24 | 10.3% | 18.2% | ||
| Q2 24 | 10.1% | 2.8% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 5.7% | 1.3% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 5.2% | 1.3% | ||
| Q4 24 | 8.8% | 2.0% | ||
| Q3 24 | 3.7% | 1.5% | ||
| Q2 24 | 3.6% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 0.26× | ||
| Q3 25 | 1.85× | 1.45× | ||
| Q2 25 | 1.34× | 2.58× | ||
| Q1 25 | 0.14× | 1.93× | ||
| Q4 24 | 2.99× | 0.21× | ||
| Q3 24 | 1.71× | 3.28× | ||
| Q2 24 | 1.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
