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Side-by-side financial comparison of BELDEN INC. (BDC) and Howard Hughes Holdings Inc. (HHH). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $624.4M, roughly 1.1× Howard Hughes Holdings Inc.). BELDEN INC. runs the higher net margin — 7.3% vs 1.0%, a 6.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -33.2%). Howard Hughes Holdings Inc. produced more free cash flow last quarter ($348.6M vs $-63.1M). Over the past eight quarters, Howard Hughes Holdings Inc.'s revenue compounded faster (91.0% 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.
Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.
BDC vs HHH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $624.4M |
| Net Profit | $51.0M | $6.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 4.2% |
| Net Margin | 7.3% | 1.0% |
| Revenue YoY | 11.4% | -33.2% |
| Net Profit YoY | -1.8% | -96.2% |
| EPS (diluted) | $1.30 | $0.20 |
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 | $624.4M | ||
| Q3 25 | $698.2M | $390.2M | ||
| Q2 25 | $672.0M | $260.9M | ||
| Q1 25 | $624.9M | $199.3M | ||
| Q4 24 | $666.0M | $935.0M | ||
| Q3 24 | $654.9M | $327.1M | ||
| Q2 24 | $604.3M | $317.4M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $6.0M | ||
| Q3 25 | $56.7M | $119.5M | ||
| Q2 25 | $61.0M | $-12.1M | ||
| Q1 25 | $51.9M | $10.5M | ||
| Q4 24 | $58.4M | $156.3M | ||
| Q3 24 | $53.7M | $72.8M | ||
| Q2 24 | $49.0M | $21.1M |
| 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% | 4.2% | ||
| Q3 25 | 10.9% | 48.6% | ||
| Q2 25 | 11.8% | 26.0% | ||
| Q1 25 | 11.6% | 24.0% | ||
| Q4 24 | 10.4% | 33.5% | ||
| Q3 24 | 11.5% | 60.6% | ||
| Q2 24 | 11.4% | 20.4% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 1.0% | ||
| Q3 25 | 8.1% | 30.6% | ||
| Q2 25 | 9.1% | -4.7% | ||
| Q1 25 | 8.3% | 5.3% | ||
| Q4 24 | 8.8% | 16.7% | ||
| Q3 24 | 8.2% | 22.2% | ||
| Q2 24 | 8.1% | 6.6% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.20 | ||
| Q3 25 | $1.41 | $2.02 | ||
| Q2 25 | $1.53 | $-0.22 | ||
| Q1 25 | $1.27 | $0.21 | ||
| Q4 24 | $1.41 | $3.14 | ||
| Q3 24 | $1.30 | $1.46 | ||
| Q2 24 | $1.19 | $0.42 |
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 | $1.5B |
| Total DebtLower is stronger | $1.3B | $5.1B |
| Stockholders' EquityBook value | $1.3B | $3.8B |
| Total Assets | — | $10.6B |
| Debt / EquityLower = less leverage | 0.98× | 1.35× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $1.5B | ||
| Q3 25 | $314.3M | $1.5B | ||
| Q2 25 | $301.5M | $1.4B | ||
| Q1 25 | $259.0M | $493.7M | ||
| Q4 24 | $370.3M | $596.1M | ||
| Q3 24 | $323.0M | $400.7M | ||
| Q2 24 | $564.8M | $436.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $3.8B | ||
| Q3 25 | $1.2B | $3.8B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.2B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $10.6B | ||
| Q3 25 | $3.4B | $10.7B | ||
| Q2 25 | $3.4B | $10.3B | ||
| Q1 25 | $3.3B | $9.3B | ||
| Q4 24 | $3.3B | $9.2B | ||
| Q3 24 | $3.3B | $9.4B | ||
| Q2 24 | $3.5B | $9.9B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.85× | ||
| 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 | — | $360.3M |
| Free Cash FlowOCF − Capex | $-63.1M | $348.6M |
| FCF MarginFCF / Revenue | -9.1% | 55.8% |
| Capex IntensityCapex / Revenue | 6.4% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 60.04× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $417.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $360.3M | ||
| Q3 25 | $105.0M | $149.8M | ||
| Q2 25 | $82.0M | $177.3M | ||
| Q1 25 | $7.4M | $-224.9M | ||
| Q4 24 | $174.7M | $337.1M | ||
| Q3 24 | $91.7M | $248.3M | ||
| Q2 24 | $83.0M | $-17.5M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $348.6M | ||
| Q3 25 | $65.3M | $137.7M | ||
| Q2 25 | $56.9M | $169.7M | ||
| Q1 25 | $-24.8M | $-238.4M | ||
| Q4 24 | $116.4M | $317.1M | ||
| Q3 24 | $67.2M | $238.7M | ||
| Q2 24 | $61.0M | $-25.1M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 55.8% | ||
| Q3 25 | 9.4% | 35.3% | ||
| Q2 25 | 8.5% | 65.1% | ||
| Q1 25 | -4.0% | -119.6% | ||
| Q4 24 | 17.5% | 33.9% | ||
| Q3 24 | 10.3% | 73.0% | ||
| Q2 24 | 10.1% | -7.9% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 5.7% | 3.1% | ||
| Q2 25 | 3.7% | 2.9% | ||
| Q1 25 | 5.2% | 6.8% | ||
| Q4 24 | 8.8% | 2.1% | ||
| Q3 24 | 3.7% | 2.9% | ||
| Q2 24 | 3.6% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 60.04× | ||
| Q3 25 | 1.85× | 1.25× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | -21.35× | ||
| Q4 24 | 2.99× | 2.16× | ||
| Q3 24 | 1.71× | 3.41× | ||
| Q2 24 | 1.69× | -0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
HHH
| Transferred At Point In Time | $499.8M | 80% |
| Operating Assets Segment | $117.9M | 19% |
| Builder Price Participation | $12.9M | 2% |
