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Side-by-side financial comparison of BELDEN INC. (BDC) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $696.4M, roughly 1.3× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs 2.0%, a 5.3% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 11.4%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
BDC vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $932.7M |
| Net Profit | $51.0M | $18.7M |
| Gross Margin | 37.1% | 22.1% |
| Operating Margin | 11.2% | 3.8% |
| Net Margin | 7.3% | 2.0% |
| Revenue YoY | 11.4% | 16.1% |
| Net Profit YoY | -1.8% | 95.7% |
| EPS (diluted) | $1.30 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $698.2M | $1.0B | ||
| Q2 25 | $672.0M | $1.1B | ||
| Q1 25 | $624.9M | $1.0B | ||
| Q4 24 | $666.0M | $803.1M | ||
| Q3 24 | $654.9M | $915.5M | ||
| Q2 24 | $604.3M | $1.1B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $18.7M | ||
| Q3 25 | $56.7M | $62.5M | ||
| Q2 25 | $61.0M | $57.6M | ||
| Q1 25 | $51.9M | $49.4M | ||
| Q4 24 | $58.4M | $9.5M | ||
| Q3 24 | $53.7M | $35.6M | ||
| Q2 24 | $49.0M | $61.2M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 22.1% | ||
| Q3 25 | 37.7% | 24.4% | ||
| Q2 25 | 38.5% | 24.4% | ||
| Q1 25 | 39.3% | 24.1% | ||
| Q4 24 | 37.5% | 21.1% | ||
| Q3 24 | 37.3% | 24.0% | ||
| Q2 24 | 37.5% | 25.3% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 3.8% | ||
| Q3 25 | 10.9% | 7.3% | ||
| Q2 25 | 11.8% | 7.9% | ||
| Q1 25 | 11.6% | 7.8% | ||
| Q4 24 | 10.4% | 2.0% | ||
| Q3 24 | 11.5% | 5.9% | ||
| Q2 24 | 11.4% | 8.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 2.0% | ||
| Q3 25 | 8.1% | 6.0% | ||
| Q2 25 | 9.1% | 5.2% | ||
| Q1 25 | 8.3% | 4.7% | ||
| Q4 24 | 8.8% | 1.2% | ||
| Q3 24 | 8.2% | 3.9% | ||
| Q2 24 | 8.1% | 5.8% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.79 | ||
| Q3 25 | $1.41 | $2.55 | ||
| Q2 25 | $1.53 | $2.29 | ||
| Q1 25 | $1.27 | $1.94 | ||
| Q4 24 | $1.41 | $0.37 | ||
| Q3 24 | $1.30 | $1.39 | ||
| Q2 24 | $1.19 | $2.40 |
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 | $222.6M |
| Total DebtLower is stronger | $1.3B | $945.2M |
| Stockholders' EquityBook value | $1.3B | $1.4B |
| Total Assets | — | $3.2B |
| Debt / EquityLower = less leverage | 0.98× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $222.6M | ||
| Q3 25 | $314.3M | $199.7M | ||
| Q2 25 | $301.5M | $191.9M | ||
| Q1 25 | $259.0M | $231.2M | ||
| Q4 24 | $370.3M | $165.8M | ||
| Q3 24 | $323.0M | $161.2M | ||
| Q2 24 | $564.8M | $130.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | $3.4B | $3.2B | ||
| Q2 25 | $3.4B | $3.2B | ||
| Q1 25 | $3.3B | $3.1B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.5B | $3.0B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× |
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 | — | $78.9M |
| Free Cash FlowOCF − Capex | $-63.1M | $64.3M |
| FCF MarginFCF / Revenue | -9.1% | 6.9% |
| Capex IntensityCapex / Revenue | 6.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $78.9M | ||
| Q3 25 | $105.0M | $97.2M | ||
| Q2 25 | $82.0M | $112.2M | ||
| Q1 25 | $7.4M | $42.7M | ||
| Q4 24 | $174.7M | $106.6M | ||
| Q3 24 | $91.7M | $78.4M | ||
| Q2 24 | $83.0M | $192.9M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $64.3M | ||
| Q3 25 | $65.3M | $80.9M | ||
| Q2 25 | $56.9M | $99.5M | ||
| Q1 25 | $-24.8M | $33.7M | ||
| Q4 24 | $116.4M | $95.7M | ||
| Q3 24 | $67.2M | $68.3M | ||
| Q2 24 | $61.0M | $180.2M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 6.9% | ||
| Q3 25 | 9.4% | 7.8% | ||
| Q2 25 | 8.5% | 9.0% | ||
| Q1 25 | -4.0% | 3.2% | ||
| Q4 24 | 17.5% | 11.9% | ||
| Q3 24 | 10.3% | 7.5% | ||
| Q2 24 | 10.1% | 17.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.6% | ||
| Q3 25 | 5.7% | 1.6% | ||
| Q2 25 | 3.7% | 1.2% | ||
| Q1 25 | 5.2% | 0.9% | ||
| Q4 24 | 8.8% | 1.4% | ||
| Q3 24 | 3.7% | 1.1% | ||
| Q2 24 | 3.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 4.22× | ||
| Q3 25 | 1.85× | 1.55× | ||
| Q2 25 | 1.34× | 1.95× | ||
| Q1 25 | 0.14× | 0.86× | ||
| Q4 24 | 2.99× | 11.17× | ||
| Q3 24 | 1.71× | 2.20× | ||
| Q2 24 | 1.69× | 3.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
