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Side-by-side financial comparison of BELDEN INC. (BDC) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $696.4M, roughly 1.9× BELDEN INC.). Microchip Technology runs the higher net margin — 11.0% vs 7.3%, a 3.7% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -72.2%). Microchip Technology produced more free cash flow last quarter ($242.8M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 2.8%).
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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
BDC vs MCHP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.3B |
| Net Profit | $51.0M | $144.2M |
| Gross Margin | 37.1% | 61.0% |
| Operating Margin | 11.2% | 16.6% |
| Net Margin | 7.3% | 11.0% |
| Revenue YoY | 11.4% | -72.2% |
| Net Profit YoY | -1.8% | 8.9% |
| EPS (diluted) | $1.30 | $0.21 |
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 | $1.3B | ||
| Q4 25 | $720.1M | $1.2B | ||
| Q3 25 | $698.2M | $1.1B | ||
| Q2 25 | $672.0M | $1.1B | ||
| Q1 25 | $624.9M | $970.5M | ||
| Q4 24 | $666.0M | $1.0B | ||
| Q3 24 | $654.9M | $1.2B | ||
| Q2 24 | $604.3M | $1.2B |
| Q1 26 | $51.0M | $144.2M | ||
| Q4 25 | $67.9M | $62.7M | ||
| Q3 25 | $56.7M | $41.7M | ||
| Q2 25 | $61.0M | $-18.6M | ||
| Q1 25 | $51.9M | $-154.6M | ||
| Q4 24 | $58.4M | $-53.6M | ||
| Q3 24 | $53.7M | $78.4M | ||
| Q2 24 | $49.0M | $129.3M |
| Q1 26 | 37.1% | 61.0% | ||
| Q4 25 | 36.6% | 59.6% | ||
| Q3 25 | 37.7% | 55.9% | ||
| Q2 25 | 38.5% | 53.6% | ||
| Q1 25 | 39.3% | 51.6% | ||
| Q4 24 | 37.5% | 54.7% | ||
| Q3 24 | 37.3% | 57.4% | ||
| Q2 24 | 37.5% | 59.4% |
| Q1 26 | 11.2% | 16.6% | ||
| Q4 25 | 12.2% | 12.8% | ||
| Q3 25 | 10.9% | 7.8% | ||
| Q2 25 | 11.8% | 3.0% | ||
| Q1 25 | 11.6% | -10.3% | ||
| Q4 24 | 10.4% | 3.0% | ||
| Q3 24 | 11.5% | 12.6% | ||
| Q2 24 | 11.4% | 17.7% |
| Q1 26 | 7.3% | 11.0% | ||
| Q4 25 | 9.4% | 5.3% | ||
| Q3 25 | 8.1% | 3.7% | ||
| Q2 25 | 9.1% | -1.7% | ||
| Q1 25 | 8.3% | -15.9% | ||
| Q4 24 | 8.8% | -5.2% | ||
| Q3 24 | 8.2% | 6.7% | ||
| Q2 24 | 8.1% | 10.4% |
| Q1 26 | $1.30 | $0.21 | ||
| Q4 25 | $1.70 | $0.06 | ||
| Q3 25 | $1.41 | $0.03 | ||
| Q2 25 | $1.53 | $-0.09 | ||
| Q1 25 | $1.27 | $-0.29 | ||
| Q4 24 | $1.41 | $-0.10 | ||
| Q3 24 | $1.30 | $0.14 | ||
| Q2 24 | $1.19 | $0.24 |
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 | $240.3M |
| Total DebtLower is stronger | $1.3B | $5.5B |
| Stockholders' EquityBook value | $1.3B | $6.4B |
| Total Assets | — | $14.4B |
| Debt / EquityLower = less leverage | 0.98× | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $240.3M | ||
| Q4 25 | $389.9M | $250.7M | ||
| Q3 25 | $314.3M | $236.8M | ||
| Q2 25 | $301.5M | $566.5M | ||
| Q1 25 | $259.0M | $771.7M | ||
| Q4 24 | $370.3M | $586.0M | ||
| Q3 24 | $323.0M | $286.1M | ||
| Q2 24 | $564.8M | $315.1M |
| Q1 26 | $1.3B | $5.5B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | $1.3B | $6.4B | ||
| Q4 25 | $1.3B | $6.6B | ||
| Q3 25 | $1.2B | $6.7B | ||
| Q2 25 | $1.2B | $6.9B | ||
| Q1 25 | $1.2B | $7.1B | ||
| Q4 24 | $1.3B | $6.0B | ||
| Q3 24 | $1.2B | $6.3B | ||
| Q2 24 | $1.2B | $6.4B |
| Q1 26 | — | $14.4B | ||
| Q4 25 | $3.5B | $14.3B | ||
| Q3 25 | $3.4B | $14.5B | ||
| Q2 25 | $3.4B | $15.0B | ||
| Q1 25 | $3.3B | $15.4B | ||
| Q4 24 | $3.3B | $15.6B | ||
| Q3 24 | $3.3B | $15.6B | ||
| Q2 24 | $3.5B | $15.8B |
| Q1 26 | 0.98× | 0.85× | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | $242.8M |
| FCF MarginFCF / Revenue | -9.1% | 18.5% |
| Capex IntensityCapex / Revenue | 6.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $341.4M | ||
| Q3 25 | $105.0M | $88.1M | ||
| Q2 25 | $82.0M | $275.6M | ||
| Q1 25 | $7.4M | $205.9M | ||
| Q4 24 | $174.7M | $271.5M | ||
| Q3 24 | $91.7M | $43.6M | ||
| Q2 24 | $83.0M | $377.1M |
| Q1 26 | $-63.1M | $242.8M | ||
| Q4 25 | $121.3M | $318.9M | ||
| Q3 25 | $65.3M | $51.6M | ||
| Q2 25 | $56.9M | $257.7M | ||
| Q1 25 | $-24.8M | $191.7M | ||
| Q4 24 | $116.4M | $253.4M | ||
| Q3 24 | $67.2M | $22.8M | ||
| Q2 24 | $61.0M | $304.2M |
| Q1 26 | -9.1% | 18.5% | ||
| Q4 25 | 16.8% | 26.9% | ||
| Q3 25 | 9.4% | 4.5% | ||
| Q2 25 | 8.5% | 24.0% | ||
| Q1 25 | -4.0% | 19.8% | ||
| Q4 24 | 17.5% | 24.7% | ||
| Q3 24 | 10.3% | 2.0% | ||
| Q2 24 | 10.1% | 24.5% |
| Q1 26 | 6.4% | 1.1% | ||
| Q4 25 | 5.4% | 1.9% | ||
| Q3 25 | 5.7% | 3.2% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 5.2% | 1.5% | ||
| Q4 24 | 8.8% | 1.8% | ||
| Q3 24 | 3.7% | 1.8% | ||
| Q2 24 | 3.6% | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 5.44× | ||
| Q3 25 | 1.85× | 2.11× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 0.56× | ||
| Q2 24 | 1.69× | 2.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
