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Side-by-side financial comparison of BELDEN INC. (BDC) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $720.1M, roughly 1.7× BELDEN INC.). BELDEN INC. runs the higher net margin — 9.4% vs -18.5%, a 27.9% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs -72.2%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs 8.3%).
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.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
BDC vs GO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $1.2B |
| Net Profit | $67.9M | $-224.9M |
| Gross Margin | 36.6% | 29.7% |
| Operating Margin | 12.2% | — |
| Net Margin | 9.4% | -18.5% |
| Revenue YoY | 8.1% | -72.2% |
| Net Profit YoY | 16.3% | -669.9% |
| EPS (diluted) | $1.70 | $-2.22 |
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 | — | $1.2B | ||
| Q4 25 | $720.1M | — | ||
| Q3 25 | $698.2M | $1.2B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $624.9M | $1.1B | ||
| Q4 24 | $666.0M | $1.1B | ||
| Q3 24 | $654.9M | $1.1B | ||
| Q2 24 | $604.3M | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | $11.6M | ||
| Q2 25 | $61.0M | $5.0M | ||
| Q1 25 | $51.9M | $-23.3M | ||
| Q4 24 | $58.4M | $2.3M | ||
| Q3 24 | $53.7M | $24.2M | ||
| Q2 24 | $49.0M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 30.4% | ||
| Q2 25 | 38.5% | 30.6% | ||
| Q1 25 | 39.3% | 30.4% | ||
| Q4 24 | 37.5% | 29.5% | ||
| Q3 24 | 37.3% | 31.1% | ||
| Q2 24 | 37.5% | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | 2.0% | ||
| Q2 25 | 11.8% | 1.1% | ||
| Q1 25 | 11.6% | -2.0% | ||
| Q4 24 | 10.4% | 1.0% | ||
| Q3 24 | 11.5% | 3.6% | ||
| Q2 24 | 11.4% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | 1.0% | ||
| Q2 25 | 9.1% | 0.4% | ||
| Q1 25 | 8.3% | -2.1% | ||
| Q4 24 | 8.8% | 0.2% | ||
| Q3 24 | 8.2% | 2.2% | ||
| Q2 24 | 8.1% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | $0.12 | ||
| Q2 25 | $1.53 | $0.05 | ||
| Q1 25 | $1.27 | $-0.24 | ||
| Q4 24 | $1.41 | $0.03 | ||
| Q3 24 | $1.30 | $0.24 | ||
| Q2 24 | $1.19 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $1.3B | $983.7M |
| Total Assets | $3.5B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | $52.1M | ||
| Q2 25 | $301.5M | $55.2M | ||
| Q1 25 | $259.0M | $50.9M | ||
| Q4 24 | $370.3M | $62.8M | ||
| Q3 24 | $323.0M | $68.7M | ||
| Q2 24 | $564.8M | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $500.3M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | — | $477.5M | ||
| Q3 24 | — | $429.3M | ||
| Q2 24 | — | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.3B | $3.3B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.3B | $3.1B | ||
| Q2 24 | $3.5B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.31× |
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 | $160.4M | $222.1M |
| Free Cash FlowOCF − Capex | $121.3M | — |
| FCF MarginFCF / Revenue | 16.8% | — |
| Capex IntensityCapex / Revenue | 5.4% | — |
| Cash ConversionOCF / Net Profit | 2.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $222.1M | ||
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | $17.3M | ||
| Q2 25 | $82.0M | $73.6M | ||
| Q1 25 | $7.4M | $58.9M | ||
| Q4 24 | $174.7M | $39.5M | ||
| Q3 24 | $91.7M | $23.0M | ||
| Q2 24 | $83.0M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $-21.6M | ||
| Q2 25 | $56.9M | $14.4M | ||
| Q1 25 | $-24.8M | $-1.5M | ||
| Q4 24 | $116.4M | $-19.6M | ||
| Q3 24 | $67.2M | $-19.3M | ||
| Q2 24 | $61.0M | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | -1.8% | ||
| Q2 25 | 8.5% | 1.2% | ||
| Q1 25 | -4.0% | -0.1% | ||
| Q4 24 | 17.5% | -1.8% | ||
| Q3 24 | 10.3% | -1.7% | ||
| Q2 24 | 10.1% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 3.3% | ||
| Q2 25 | 3.7% | 5.0% | ||
| Q1 25 | 5.2% | 5.4% | ||
| Q4 24 | 8.8% | 5.4% | ||
| Q3 24 | 3.7% | 3.8% | ||
| Q2 24 | 3.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | 1.49× | ||
| Q2 25 | 1.34× | 14.84× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 17.09× | ||
| Q3 24 | 1.71× | 0.95× | ||
| Q2 24 | 1.69× | 2.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
GO
Segment breakdown not available.
