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Side-by-side financial comparison of BELDEN INC. (BDC) and KEMPER Corp (KMPR). Click either name above to swap in a different company.

KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $696.4M, roughly 1.6× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs -0.7%, a 8.0% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -4.7%). KEMPER Corp produced more free cash flow last quarter ($166.2M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -0.5%).

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.

Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.

BDC vs KMPR — Head-to-Head

Bigger by revenue
KMPR
KMPR
1.6× larger
KMPR
$1.1B
$696.4M
BDC
Growing faster (revenue YoY)
BDC
BDC
+16.1% gap
BDC
11.4%
-4.7%
KMPR
Higher net margin
BDC
BDC
8.0% more per $
BDC
7.3%
-0.7%
KMPR
More free cash flow
KMPR
KMPR
$229.3M more FCF
KMPR
$166.2M
$-63.1M
BDC
Faster 2-yr revenue CAGR
BDC
BDC
Annualised
BDC
7.3%
-0.5%
KMPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDC
BDC
KMPR
KMPR
Revenue
$696.4M
$1.1B
Net Profit
$51.0M
$-8.0M
Gross Margin
37.1%
Operating Margin
11.2%
Net Margin
7.3%
-0.7%
Revenue YoY
11.4%
-4.7%
Net Profit YoY
-1.8%
-108.2%
EPS (diluted)
$1.30
$-0.03

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.

Revenue
BDC
BDC
KMPR
KMPR
Q1 26
$696.4M
Q4 25
$720.1M
$1.1B
Q3 25
$698.2M
$1.2B
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
$1.1B
Net Profit
BDC
BDC
KMPR
KMPR
Q1 26
$51.0M
Q4 25
$67.9M
$-8.0M
Q3 25
$56.7M
$-21.0M
Q2 25
$61.0M
$72.6M
Q1 25
$51.9M
$99.7M
Q4 24
$58.4M
$97.4M
Q3 24
$53.7M
$73.7M
Q2 24
$49.0M
$75.4M
Gross Margin
BDC
BDC
KMPR
KMPR
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%
Operating Margin
BDC
BDC
KMPR
KMPR
Q1 26
11.2%
Q4 25
12.2%
Q3 25
10.9%
Q2 25
11.8%
Q1 25
11.6%
Q4 24
10.4%
Q3 24
11.5%
11.2%
Q2 24
11.4%
10.1%
Net Margin
BDC
BDC
KMPR
KMPR
Q1 26
7.3%
Q4 25
9.4%
-0.7%
Q3 25
8.1%
-1.7%
Q2 25
9.1%
5.9%
Q1 25
8.3%
8.4%
Q4 24
8.8%
8.2%
Q3 24
8.2%
6.3%
Q2 24
8.1%
6.7%
EPS (diluted)
BDC
BDC
KMPR
KMPR
Q1 26
$1.30
Q4 25
$1.70
$-0.03
Q3 25
$1.41
$-0.34
Q2 25
$1.53
$1.12
Q1 25
$1.27
$1.54
Q4 24
$1.41
$1.51
Q3 24
$1.30
$1.14
Q2 24
$1.19
$1.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDC
BDC
KMPR
KMPR
Cash + ST InvestmentsLiquidity on hand
$272.2M
Total DebtLower is stronger
$1.3B
$943.5M
Stockholders' EquityBook value
$1.3B
$2.7B
Total Assets
$12.5B
Debt / EquityLower = less leverage
0.98×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
KMPR
KMPR
Q1 26
$272.2M
Q4 25
$389.9M
Q3 25
$314.3M
$371.2M
Q2 25
$301.5M
$407.6M
Q1 25
$259.0M
$545.3M
Q4 24
$370.3M
$1.0B
Q3 24
$323.0M
$696.9M
Q2 24
$564.8M
$539.1M
Total Debt
BDC
BDC
KMPR
KMPR
Q1 26
$1.3B
Q4 25
$943.5M
Q3 25
$943.1M
Q2 25
$942.6M
Q1 25
$942.1M
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
BDC
BDC
KMPR
KMPR
Q1 26
$1.3B
Q4 25
$1.3B
$2.7B
Q3 25
$1.2B
$2.7B
Q2 25
$1.2B
$370.0M
Q1 25
$1.2B
$366.0M
Q4 24
$1.3B
$2.8B
Q3 24
$1.2B
$2.8B
Q2 24
$1.2B
$358.0M
Total Assets
BDC
BDC
KMPR
KMPR
Q1 26
Q4 25
$3.5B
$12.5B
Q3 25
$3.4B
$12.4B
Q2 25
$3.4B
$12.6B
Q1 25
$3.3B
$12.5B
Q4 24
$3.3B
$12.6B
Q3 24
$3.3B
$12.6B
Q2 24
$3.5B
$12.6B
Debt / Equity
BDC
BDC
KMPR
KMPR
Q1 26
0.98×
Q4 25
0.35×
Q3 25
0.35×
Q2 25
2.55×
Q1 25
2.57×
Q4 24
0.50×
Q3 24
0.50×
Q2 24
3.88×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDC
BDC
KMPR
KMPR
Operating Cash FlowLast quarter
$175.0M
Free Cash FlowOCF − Capex
$-63.1M
$166.2M
FCF MarginFCF / Revenue
-9.1%
14.7%
Capex IntensityCapex / Revenue
6.4%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$553.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
KMPR
KMPR
Q1 26
Q4 25
$160.4M
$175.0M
Q3 25
$105.0M
$139.9M
Q2 25
$82.0M
$89.6M
Q1 25
$7.4M
$180.0M
Q4 24
$174.7M
$175.1M
Q3 24
$91.7M
$141.9M
Q2 24
$83.0M
$22.9M
Free Cash Flow
BDC
BDC
KMPR
KMPR
Q1 26
$-63.1M
Q4 25
$121.3M
$166.2M
Q3 25
$65.3M
$133.4M
Q2 25
$56.9M
$82.0M
Q1 25
$-24.8M
$172.3M
Q4 24
$116.4M
$165.4M
Q3 24
$67.2M
$131.4M
Q2 24
$61.0M
$5.2M
FCF Margin
BDC
BDC
KMPR
KMPR
Q1 26
-9.1%
Q4 25
16.8%
14.7%
Q3 25
9.4%
10.8%
Q2 25
8.5%
6.7%
Q1 25
-4.0%
14.4%
Q4 24
17.5%
13.9%
Q3 24
10.3%
11.1%
Q2 24
10.1%
0.5%
Capex Intensity
BDC
BDC
KMPR
KMPR
Q1 26
6.4%
Q4 25
5.4%
0.8%
Q3 25
5.7%
0.5%
Q2 25
3.7%
0.6%
Q1 25
5.2%
0.6%
Q4 24
8.8%
0.8%
Q3 24
3.7%
0.9%
Q2 24
3.6%
1.6%
Cash Conversion
BDC
BDC
KMPR
KMPR
Q1 26
Q4 25
2.36×
Q3 25
1.85×
Q2 25
1.34×
1.23×
Q1 25
0.14×
1.81×
Q4 24
2.99×
1.80×
Q3 24
1.71×
1.93×
Q2 24
1.69×
0.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BDC
BDC

Segment breakdown not available.

KMPR
KMPR

Specialty Property Casualty Insurance Segment$995.1M88%
Life Insurance Segment1$140.7M12%

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