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Side-by-side financial comparison of BELDEN INC. (BDC) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $720.1M, roughly 1.1× BELDEN INC.). MSCI Inc. runs the higher net margin — 34.6% vs 9.4%, a 25.2% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 8.1%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $121.3M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
BDC vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $822.5M |
| Net Profit | $67.9M | $284.7M |
| Gross Margin | 36.6% | — |
| Operating Margin | 12.2% | 56.4% |
| Net Margin | 9.4% | 34.6% |
| Revenue YoY | 8.1% | 10.6% |
| Net Profit YoY | 16.3% | -6.8% |
| EPS (diluted) | $1.70 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $698.2M | $793.4M | ||
| Q2 25 | $672.0M | $772.7M | ||
| Q1 25 | $624.9M | $745.8M | ||
| Q4 24 | $666.0M | $743.5M | ||
| Q3 24 | $654.9M | $724.7M | ||
| Q2 24 | $604.3M | $707.9M | ||
| Q1 24 | $535.7M | $680.0M |
| Q4 25 | $67.9M | $284.7M | ||
| Q3 25 | $56.7M | $325.4M | ||
| Q2 25 | $61.0M | $303.6M | ||
| Q1 25 | $51.9M | $288.6M | ||
| Q4 24 | $58.4M | $305.5M | ||
| Q3 24 | $53.7M | $280.9M | ||
| Q2 24 | $49.0M | $266.8M | ||
| Q1 24 | $37.3M | $256.0M |
| 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% | — | ||
| Q1 24 | 37.6% | — |
| Q4 25 | 12.2% | 56.4% | ||
| Q3 25 | 10.9% | 56.4% | ||
| Q2 25 | 11.8% | 55.0% | ||
| Q1 25 | 11.6% | 50.6% | ||
| Q4 24 | 10.4% | 54.5% | ||
| Q3 24 | 11.5% | 55.4% | ||
| Q2 24 | 11.4% | 54.0% | ||
| Q1 24 | 9.9% | 49.9% |
| Q4 25 | 9.4% | 34.6% | ||
| Q3 25 | 8.1% | 41.0% | ||
| Q2 25 | 9.1% | 39.3% | ||
| Q1 25 | 8.3% | 38.7% | ||
| Q4 24 | 8.8% | 41.1% | ||
| Q3 24 | 8.2% | 38.8% | ||
| Q2 24 | 8.1% | 37.7% | ||
| Q1 24 | 7.0% | 37.6% |
| Q4 25 | $1.70 | $3.81 | ||
| Q3 25 | $1.41 | $4.25 | ||
| Q2 25 | $1.53 | $3.92 | ||
| Q1 25 | $1.27 | $3.71 | ||
| Q4 24 | $1.41 | $3.89 | ||
| Q3 24 | $1.30 | $3.57 | ||
| Q2 24 | $1.19 | $3.37 | ||
| Q1 24 | $0.90 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $1.3B | $-2.7B |
| Total Assets | $3.5B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | $515.3M | ||
| Q3 25 | $314.3M | $400.1M | ||
| Q2 25 | $301.5M | $347.3M | ||
| Q1 25 | $259.0M | $360.7M | ||
| Q4 24 | $370.3M | $409.4M | ||
| Q3 24 | $323.0M | $501.0M | ||
| Q2 24 | $564.8M | $451.4M | ||
| Q1 24 | $506.8M | $519.3M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.3B | $-2.7B | ||
| Q3 25 | $1.2B | $-1.9B | ||
| Q2 25 | $1.2B | $-886.2M | ||
| Q1 25 | $1.2B | $-958.6M | ||
| Q4 24 | $1.3B | $-940.0M | ||
| Q3 24 | $1.2B | $-751.0M | ||
| Q2 24 | $1.2B | $-734.5M | ||
| Q1 24 | $1.2B | $-650.5M |
| Q4 25 | $3.5B | $5.7B | ||
| Q3 25 | $3.4B | $5.4B | ||
| Q2 25 | $3.4B | $5.4B | ||
| Q1 25 | $3.3B | $5.3B | ||
| Q4 24 | $3.3B | $5.4B | ||
| Q3 24 | $3.3B | $5.4B | ||
| Q2 24 | $3.5B | $5.5B | ||
| Q1 24 | $3.1B | $5.5B |
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 | $501.1M |
| Free Cash FlowOCF − Capex | $121.3M | $488.7M |
| FCF MarginFCF / Revenue | 16.8% | 59.4% |
| Capex IntensityCapex / Revenue | 5.4% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.36× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | $501.1M | ||
| Q3 25 | $105.0M | $449.4M | ||
| Q2 25 | $82.0M | $336.1M | ||
| Q1 25 | $7.4M | $301.7M | ||
| Q4 24 | $174.7M | $430.6M | ||
| Q3 24 | $91.7M | $421.6M | ||
| Q2 24 | $83.0M | $349.2M | ||
| Q1 24 | $2.7M | $300.1M |
| Q4 25 | $121.3M | $488.7M | ||
| Q3 25 | $65.3M | $445.5M | ||
| Q2 25 | $56.9M | $324.7M | ||
| Q1 25 | $-24.8M | $290.2M | ||
| Q4 24 | $116.4M | $416.4M | ||
| Q3 24 | $67.2M | $415.0M | ||
| Q2 24 | $61.0M | $340.6M | ||
| Q1 24 | $-21.5M | $295.9M |
| Q4 25 | 16.8% | 59.4% | ||
| Q3 25 | 9.4% | 56.2% | ||
| Q2 25 | 8.5% | 42.0% | ||
| Q1 25 | -4.0% | 38.9% | ||
| Q4 24 | 17.5% | 56.0% | ||
| Q3 24 | 10.3% | 57.3% | ||
| Q2 24 | 10.1% | 48.1% | ||
| Q1 24 | -4.0% | 43.5% |
| Q4 25 | 5.4% | 1.5% | ||
| Q3 25 | 5.7% | 0.5% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 5.2% | 1.5% | ||
| Q4 24 | 8.8% | 1.9% | ||
| Q3 24 | 3.7% | 0.9% | ||
| Q2 24 | 3.6% | 1.2% | ||
| Q1 24 | 4.5% | 0.6% |
| Q4 25 | 2.36× | 1.76× | ||
| Q3 25 | 1.85× | 1.38× | ||
| Q2 25 | 1.34× | 1.11× | ||
| Q1 25 | 0.14× | 1.05× | ||
| Q4 24 | 2.99× | 1.41× | ||
| Q3 24 | 1.71× | 1.50× | ||
| Q2 24 | 1.69× | 1.31× | ||
| Q1 24 | 0.07× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
