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

Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $696.4M, roughly 1.1× BELDEN INC.). Noble Corp plc runs the higher net margin — 11.3% vs 7.3%, a 4.0% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $-63.1M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 7.3%).

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.

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

BDC vs NE — Head-to-Head

Bigger by revenue
NE
NE
1.1× larger
NE
$764.4M
$696.4M
BDC
Growing faster (revenue YoY)
BDC
BDC
+29.0% gap
BDC
11.4%
-17.6%
NE
Higher net margin
NE
NE
4.0% more per $
NE
11.3%
7.3%
BDC
More free cash flow
NE
NE
$98.4M more FCF
NE
$35.4M
$-63.1M
BDC
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
7.3%
BDC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDC
BDC
NE
NE
Revenue
$696.4M
$764.4M
Net Profit
$51.0M
$86.6M
Gross Margin
37.1%
Operating Margin
11.2%
5.6%
Net Margin
7.3%
11.3%
Revenue YoY
11.4%
-17.6%
Net Profit YoY
-1.8%
-10.4%
EPS (diluted)
$1.30
$0.54

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
NE
NE
Q1 26
$696.4M
Q4 25
$720.1M
$764.4M
Q3 25
$698.2M
$798.0M
Q2 25
$672.0M
$848.7M
Q1 25
$624.9M
$874.5M
Q4 24
$666.0M
$927.3M
Q3 24
$654.9M
$800.5M
Q2 24
$604.3M
$692.8M
Net Profit
BDC
BDC
NE
NE
Q1 26
$51.0M
Q4 25
$67.9M
$86.6M
Q3 25
$56.7M
$-21.1M
Q2 25
$61.0M
$42.9M
Q1 25
$51.9M
$108.3M
Q4 24
$58.4M
$96.6M
Q3 24
$53.7M
$61.2M
Q2 24
$49.0M
$195.0M
Gross Margin
BDC
BDC
NE
NE
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
NE
NE
Q1 26
11.2%
Q4 25
12.2%
5.6%
Q3 25
10.9%
6.3%
Q2 25
11.8%
15.9%
Q1 25
11.6%
21.4%
Q4 24
10.4%
18.4%
Q3 24
11.5%
14.4%
Q2 24
11.4%
30.3%
Net Margin
BDC
BDC
NE
NE
Q1 26
7.3%
Q4 25
9.4%
11.3%
Q3 25
8.1%
-2.6%
Q2 25
9.1%
5.1%
Q1 25
8.3%
12.4%
Q4 24
8.8%
10.4%
Q3 24
8.2%
7.6%
Q2 24
8.1%
28.1%
EPS (diluted)
BDC
BDC
NE
NE
Q1 26
$1.30
Q4 25
$1.70
$0.54
Q3 25
$1.41
$-0.13
Q2 25
$1.53
$0.27
Q1 25
$1.27
$0.67
Q4 24
$1.41
$0.56
Q3 24
$1.30
$0.40
Q2 24
$1.19
$1.34

Balance Sheet & Financial Strength

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

Metric
BDC
BDC
NE
NE
Cash + ST InvestmentsLiquidity on hand
$272.2M
$471.4M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$1.3B
$4.5B
Total Assets
$7.5B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
NE
NE
Q1 26
$272.2M
Q4 25
$389.9M
$471.4M
Q3 25
$314.3M
$477.9M
Q2 25
$301.5M
$338.2M
Q1 25
$259.0M
$303.8M
Q4 24
$370.3M
$247.3M
Q3 24
$323.0M
$391.9M
Q2 24
$564.8M
$162.9M
Total Debt
BDC
BDC
NE
NE
Q1 26
$1.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
NE
NE
Q1 26
$1.3B
Q4 25
$1.3B
$4.5B
Q3 25
$1.2B
$4.5B
Q2 25
$1.2B
$4.6B
Q1 25
$1.2B
$4.7B
Q4 24
$1.3B
$4.7B
Q3 24
$1.2B
$4.7B
Q2 24
$1.2B
$4.0B
Total Assets
BDC
BDC
NE
NE
Q1 26
Q4 25
$3.5B
$7.5B
Q3 25
$3.4B
$7.6B
Q2 25
$3.4B
$7.7B
Q1 25
$3.3B
$7.9B
Q4 24
$3.3B
$8.0B
Q3 24
$3.3B
$8.0B
Q2 24
$3.5B
$5.6B
Debt / Equity
BDC
BDC
NE
NE
Q1 26
0.98×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

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
NE
NE
Operating Cash FlowLast quarter
$187.1M
Free Cash FlowOCF − Capex
$-63.1M
$35.4M
FCF MarginFCF / Revenue
-9.1%
4.6%
Capex IntensityCapex / Revenue
6.4%
19.9%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
NE
NE
Q1 26
Q4 25
$160.4M
$187.1M
Q3 25
$105.0M
$277.1M
Q2 25
$82.0M
$216.4M
Q1 25
$7.4M
$271.1M
Q4 24
$174.7M
$136.2M
Q3 24
$91.7M
$283.8M
Q2 24
$83.0M
$106.8M
Free Cash Flow
BDC
BDC
NE
NE
Q1 26
$-63.1M
Q4 25
$121.3M
$35.4M
Q3 25
$65.3M
$139.5M
Q2 25
$56.9M
$99.8M
Q1 25
$-24.8M
$157.5M
Q4 24
$116.4M
$-4.4M
Q3 24
$67.2M
$156.8M
Q2 24
$61.0M
$-34.3M
FCF Margin
BDC
BDC
NE
NE
Q1 26
-9.1%
Q4 25
16.8%
4.6%
Q3 25
9.4%
17.5%
Q2 25
8.5%
11.8%
Q1 25
-4.0%
18.0%
Q4 24
17.5%
-0.5%
Q3 24
10.3%
19.6%
Q2 24
10.1%
-4.9%
Capex Intensity
BDC
BDC
NE
NE
Q1 26
6.4%
Q4 25
5.4%
19.9%
Q3 25
5.7%
17.3%
Q2 25
3.7%
13.7%
Q1 25
5.2%
13.0%
Q4 24
8.8%
15.2%
Q3 24
3.7%
15.9%
Q2 24
3.6%
20.4%
Cash Conversion
BDC
BDC
NE
NE
Q1 26
Q4 25
2.36×
2.16×
Q3 25
1.85×
Q2 25
1.34×
5.05×
Q1 25
0.14×
2.50×
Q4 24
2.99×
1.41×
Q3 24
1.71×
4.64×
Q2 24
1.69×
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BDC
BDC

Segment breakdown not available.

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

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