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Side-by-side financial comparison of BELDEN INC. (BDC) and Gaming & Leisure Properties, Inc. (GLPI). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $420.0M, roughly 1.7× Gaming & Leisure Properties, Inc.). Gaming & Leisure Properties, Inc. runs the higher net margin — 57.0% vs 9.4%, a 47.6% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs 6.3%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (9.2% CAGR vs 5.0%).
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.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 62 casino properties, all of which are leased to other companies.
BDC vs GLPI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $420.0M |
| Net Profit | $67.9M | $239.4M |
| Gross Margin | 36.6% | — |
| Operating Margin | 12.2% | 79.4% |
| Net Margin | 9.4% | 57.0% |
| Revenue YoY | 8.1% | 6.3% |
| Net Profit YoY | 16.3% | 40.5% |
| EPS (diluted) | $1.70 | — |
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 | $720.1M | $420.0M | ||
| Q4 25 | $720.1M | $407.0M | ||
| Q3 25 | $698.2M | $397.6M | ||
| Q2 25 | $672.0M | $394.9M | ||
| Q1 25 | $624.9M | $395.2M | ||
| Q4 24 | $666.0M | $389.6M | ||
| Q3 24 | $654.9M | $385.3M | ||
| Q2 24 | $604.3M | $380.6M |
| Q1 26 | $67.9M | $239.4M | ||
| Q4 25 | $67.9M | $275.4M | ||
| Q3 25 | $56.7M | $241.2M | ||
| Q2 25 | $61.0M | $151.4M | ||
| Q1 25 | $51.9M | $165.2M | ||
| Q4 24 | $58.4M | $223.6M | ||
| Q3 24 | $53.7M | $184.7M | ||
| Q2 24 | $49.0M | $208.3M |
| Q1 26 | 36.6% | — | ||
| 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 | 12.2% | 79.4% | ||
| Q4 25 | 12.2% | 89.3% | ||
| Q3 25 | 10.9% | 84.8% | ||
| Q2 25 | 11.8% | 61.3% | ||
| Q1 25 | 11.6% | 65.5% | ||
| Q4 24 | 10.4% | 79.1% | ||
| Q3 24 | 11.5% | 70.4% | ||
| Q2 24 | 11.4% | 77.1% |
| Q1 26 | 9.4% | 57.0% | ||
| Q4 25 | 9.4% | 67.6% | ||
| Q3 25 | 8.1% | 60.7% | ||
| Q2 25 | 9.1% | 38.4% | ||
| Q1 25 | 8.3% | 41.8% | ||
| Q4 24 | 8.8% | 57.4% | ||
| Q3 24 | 8.2% | 47.9% | ||
| Q2 24 | 8.1% | 54.7% |
| Q1 26 | $1.70 | — | ||
| Q4 25 | $1.70 | $0.96 | ||
| Q3 25 | $1.41 | $0.85 | ||
| Q2 25 | $1.53 | $0.54 | ||
| Q1 25 | $1.27 | $0.60 | ||
| Q4 24 | $1.41 | $0.79 | ||
| Q3 24 | $1.30 | $0.67 | ||
| Q2 24 | $1.19 | $0.77 |
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 | $274.5M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $5.0B |
| Total Assets | — | $13.8B |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $389.9M | $274.5M | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | $560.8M | ||
| Q3 24 | $323.0M | $560.8M | ||
| Q2 24 | $564.8M | $560.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $7.2B | ||
| Q2 25 | — | $6.9B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $7.7B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $6.6B |
| Q1 26 | $1.3B | $5.0B | ||
| Q4 25 | $1.3B | $4.6B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.6B | ||
| Q1 25 | $1.2B | $4.2B | ||
| Q4 24 | $1.3B | $4.3B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.1B |
| Q1 26 | — | $13.8B | ||
| Q4 25 | $3.5B | $12.9B | ||
| Q3 25 | $3.4B | $12.8B | ||
| Q2 25 | $3.4B | $12.5B | ||
| Q1 25 | $3.3B | $12.1B | ||
| Q4 24 | $3.3B | $13.1B | ||
| Q3 24 | $3.3B | $12.7B | ||
| Q2 24 | $3.5B | $11.8B |
| Q1 26 | 1.02× | — | ||
| Q4 25 | — | 1.56× | ||
| Q3 25 | — | 1.57× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.60× |
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 | $354.9M | — |
| Free Cash FlowOCF − Capex | $121.3M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 18.9% | — |
| Cash ConversionOCF / Net Profit | 5.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $364.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $354.9M | — | ||
| Q4 25 | $160.4M | $1.1B | ||
| Q3 25 | $105.0M | $240.3M | ||
| Q2 25 | $82.0M | $293.4M | ||
| Q1 25 | $7.4M | $252.5M | ||
| Q4 24 | $174.7M | $1.1B | ||
| Q3 24 | $91.7M | $270.4M | ||
| Q2 24 | $83.0M | $252.1M |
| Q1 26 | $121.3M | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $183.0M | ||
| Q2 25 | $56.9M | $272.3M | ||
| Q1 25 | $-24.8M | $239.6M | ||
| Q4 24 | $116.4M | $1.1B | ||
| Q3 24 | $67.2M | $261.5M | ||
| Q2 24 | $61.0M | $245.0M |
| Q1 26 | 16.8% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | 46.0% | ||
| Q2 25 | 8.5% | 69.0% | ||
| Q1 25 | -4.0% | 60.6% | ||
| Q4 24 | 17.5% | 275.3% | ||
| Q3 24 | 10.3% | 67.9% | ||
| Q2 24 | 10.1% | 64.4% |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 14.4% | ||
| Q2 25 | 3.7% | 5.3% | ||
| Q1 25 | 5.2% | 3.3% | ||
| Q4 24 | 8.8% | 0.0% | ||
| Q3 24 | 3.7% | 2.3% | ||
| Q2 24 | 3.6% | 1.9% |
| Q1 26 | 5.23× | — | ||
| Q4 25 | 2.36× | 4.10× | ||
| Q3 25 | 1.85× | 1.00× | ||
| Q2 25 | 1.34× | 1.94× | ||
| Q1 25 | 0.14× | 1.53× | ||
| Q4 24 | 2.99× | 4.80× | ||
| Q3 24 | 1.71× | 1.46× | ||
| Q2 24 | 1.69× | 1.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
