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Side-by-side financial comparison of BELDEN INC. (BDC) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $720.1M, roughly 1.9× BELDEN INC.). BELDEN INC. runs the higher net margin — 9.4% vs -7.3%, a 16.7% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs 3.1%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
BDC vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $1.4B |
| Net Profit | $67.9M | $-100.0M |
| Gross Margin | 36.6% | 32.3% |
| Operating Margin | 12.2% | 2.5% |
| Net Margin | 9.4% | -7.3% |
| Revenue YoY | 8.1% | 3.1% |
| Net Profit YoY | 16.3% | 79.4% |
| EPS (diluted) | $1.70 | $-0.44 |
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.
| Q4 25 | $720.1M | — | ||
| Q3 25 | $698.2M | $1.4B | ||
| Q2 25 | $672.0M | $1.4B | ||
| Q1 25 | $624.9M | $1.3B | ||
| Q4 24 | $666.0M | $1.3B | ||
| Q3 24 | $654.9M | $1.3B | ||
| Q2 24 | $604.3M | $1.3B | ||
| Q1 24 | $535.7M | $1.3B |
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | $-100.0M | ||
| Q2 25 | $61.0M | $-6.0M | ||
| Q1 25 | $51.9M | $0 | ||
| Q4 24 | $58.4M | $-71.0M | ||
| Q3 24 | $53.7M | $-485.0M | ||
| Q2 24 | $49.0M | $-68.0M | ||
| Q1 24 | $37.3M | $-40.0M |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 32.3% | ||
| Q2 25 | 38.5% | 31.9% | ||
| Q1 25 | 39.3% | 32.2% | ||
| Q4 24 | 37.5% | 32.3% | ||
| Q3 24 | 37.3% | 32.8% | ||
| Q2 24 | 37.5% | 33.4% | ||
| Q1 24 | 37.6% | 33.4% |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | 2.5% | ||
| Q2 25 | 11.8% | 1.7% | ||
| Q1 25 | 11.6% | 4.3% | ||
| Q4 24 | 10.4% | -1.6% | ||
| Q3 24 | 11.5% | -38.6% | ||
| Q2 24 | 11.4% | 5.5% | ||
| Q1 24 | 9.9% | 7.6% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | -7.3% | ||
| Q2 25 | 9.1% | -0.4% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 8.8% | -5.3% | ||
| Q3 24 | 8.2% | -36.3% | ||
| Q2 24 | 8.1% | -5.1% | ||
| Q1 24 | 7.0% | -3.0% |
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | $-0.44 | ||
| Q2 25 | $1.53 | $-0.03 | ||
| Q1 25 | $1.27 | $0.01 | ||
| Q4 24 | $1.41 | $-0.52 | ||
| Q3 24 | $1.30 | $-2.44 | ||
| Q2 24 | $1.19 | $-0.46 | ||
| Q1 24 | $0.90 | $-0.28 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $8.4B |
| Total Assets | $3.5B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | $173.0M | ||
| Q3 24 | $323.0M | $409.0M | ||
| Q2 24 | $564.8M | $73.0M | ||
| Q1 24 | $506.8M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $8.4B | ||
| Q2 25 | $1.2B | $8.6B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.3B | $8.6B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | $1.2B | $4.9B | ||
| Q1 24 | $1.2B | $5.6B |
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $19.2B | ||
| Q2 25 | $3.4B | $19.4B | ||
| Q1 25 | $3.3B | $18.8B | ||
| Q4 24 | $3.3B | $18.7B | ||
| Q3 24 | $3.3B | $19.3B | ||
| Q2 24 | $3.5B | $18.8B | ||
| Q1 24 | $3.1B | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $121.3M | $35.0M |
| FCF MarginFCF / Revenue | 16.8% | 2.5% |
| Capex IntensityCapex / Revenue | 5.4% | 14.2% |
| Cash ConversionOCF / Net Profit | 2.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | $230.0M | ||
| Q2 25 | $82.0M | $258.0M | ||
| Q1 25 | $7.4M | $139.0M | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $91.7M | $186.0M | ||
| Q2 24 | $83.0M | $155.0M | ||
| Q1 24 | $2.7M | $105.0M |
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $35.0M | ||
| Q2 25 | $56.9M | $95.0M | ||
| Q1 25 | $-24.8M | $-12.0M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | $33.0M | ||
| Q2 24 | $61.0M | $-31.0M | ||
| Q1 24 | $-21.5M | $-42.0M |
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | 2.5% | ||
| Q2 25 | 8.5% | 7.0% | ||
| Q1 25 | -4.0% | -0.9% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | 2.5% | ||
| Q2 24 | 10.1% | -2.3% | ||
| Q1 24 | -4.0% | -3.2% |
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 14.2% | ||
| Q2 25 | 3.7% | 12.1% | ||
| Q1 25 | 5.2% | 11.7% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | 11.5% | ||
| Q2 24 | 3.6% | 13.9% | ||
| Q1 24 | 4.5% | 11.1% |
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.07× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
