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Side-by-side financial comparison of BELDEN INC. (BDC) and IDEX Corporation (IEX). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $398.4M, roughly 1.7× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 7.3%, a 22.8% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 11.4%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
BDC vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $398.4M |
| Net Profit | $51.0M | $120.0M |
| Gross Margin | 37.1% | 99.9% |
| Operating Margin | 11.2% | 43.3% |
| Net Margin | 7.3% | 30.1% |
| Revenue YoY | 11.4% | 16.7% |
| Net Profit YoY | -1.8% | 25.7% |
| EPS (diluted) | $1.30 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $696.4M | $407.7M | ||
| Q4 25 | $720.1M | $899.1M | ||
| Q3 25 | $698.2M | $878.7M | ||
| Q2 25 | $672.0M | $865.4M | ||
| Q1 25 | $624.9M | $814.3M | ||
| Q4 24 | $666.0M | $862.9M | ||
| Q3 24 | $654.9M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $51.0M | $128.3M | ||
| Q4 25 | $67.9M | $128.3M | ||
| Q3 25 | $56.7M | $127.8M | ||
| Q2 25 | $61.0M | $131.6M | ||
| Q1 25 | $51.9M | $95.5M | ||
| Q4 24 | $58.4M | $123.2M | ||
| Q3 24 | $53.7M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 37.1% | 94.9% | ||
| Q4 25 | 36.6% | 43.1% | ||
| Q3 25 | 37.7% | 44.5% | ||
| Q2 25 | 38.5% | 45.3% | ||
| Q1 25 | 39.3% | 45.3% | ||
| Q4 24 | 37.5% | 42.5% | ||
| Q3 24 | 37.3% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 11.2% | 45.0% | ||
| Q4 25 | 12.2% | 20.4% | ||
| Q3 25 | 10.9% | 21.1% | ||
| Q2 25 | 11.8% | 21.7% | ||
| Q1 25 | 11.6% | 17.4% | ||
| Q4 24 | 10.4% | 19.2% | ||
| Q3 24 | 11.5% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 7.3% | 31.5% | ||
| Q4 25 | 9.4% | 14.3% | ||
| Q3 25 | 8.1% | 14.5% | ||
| Q2 25 | 9.1% | 15.2% | ||
| Q1 25 | 8.3% | 11.7% | ||
| Q4 24 | 8.8% | 14.3% | ||
| Q3 24 | 8.2% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $1.30 | $1.71 | ||
| Q4 25 | $1.70 | $1.71 | ||
| Q3 25 | $1.41 | $1.70 | ||
| Q2 25 | $1.53 | $1.74 | ||
| Q1 25 | $1.27 | $1.26 | ||
| Q4 24 | $1.41 | $1.61 | ||
| Q3 24 | $1.30 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $4.0B |
| Total Assets | — | $6.9B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $272.2M | $580.0M | ||
| Q4 25 | $389.9M | $580.0M | ||
| Q3 25 | $314.3M | $593.8M | ||
| Q2 25 | $301.5M | $568.2M | ||
| Q1 25 | $259.0M | $594.1M | ||
| Q4 24 | $370.3M | $620.8M | ||
| Q3 24 | $323.0M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $1.3B | $4.0B | ||
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.2B | $4.0B | ||
| Q2 25 | $1.2B | $4.0B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | $1.3B | $3.8B | ||
| Q3 24 | $1.2B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.5B | $6.9B | ||
| Q3 25 | $3.4B | $7.0B | ||
| Q2 25 | $3.4B | $6.9B | ||
| Q1 25 | $3.3B | $6.8B | ||
| Q4 24 | $3.3B | $6.7B | ||
| Q3 24 | $3.3B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — | — |
| Free Cash FlowOCF − Capex | $-63.1M | $86.0M |
| FCF MarginFCF / Revenue | -9.1% | 21.6% |
| Capex IntensityCapex / Revenue | 6.4% | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $209.5M | ||
| Q3 25 | $105.0M | $203.5M | ||
| Q2 25 | $82.0M | $161.7M | ||
| Q1 25 | $7.4M | $105.7M | ||
| Q4 24 | $174.7M | $172.6M | ||
| Q3 24 | $91.7M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | $-63.1M | $189.8M | ||
| Q4 25 | $121.3M | $189.8M | ||
| Q3 25 | $65.3M | $188.7M | ||
| Q2 25 | $56.9M | $146.9M | ||
| Q1 25 | $-24.8M | $91.4M | ||
| Q4 24 | $116.4M | $157.1M | ||
| Q3 24 | $67.2M | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | -9.1% | 46.6% | ||
| Q4 25 | 16.8% | 21.1% | ||
| Q3 25 | 9.4% | 21.5% | ||
| Q2 25 | 8.5% | 17.0% | ||
| Q1 25 | -4.0% | 11.2% | ||
| Q4 24 | 17.5% | 18.2% | ||
| Q3 24 | 10.3% | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | 6.4% | 15.6% | ||
| Q4 25 | 5.4% | 2.2% | ||
| Q3 25 | 5.7% | 1.7% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 5.2% | 1.8% | ||
| Q4 24 | 8.8% | 1.8% | ||
| Q3 24 | 3.7% | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.63× | ||
| Q3 25 | 1.85× | 1.59× | ||
| Q2 25 | 1.34× | 1.23× | ||
| Q1 25 | 0.14× | 1.11× | ||
| Q4 24 | 2.99× | 1.40× | ||
| Q3 24 | 1.71× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
