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Side-by-side financial comparison of BELDEN INC. (BDC) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $696.4M, roughly 1.3× BELDEN INC.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 7.3%, a 16.0% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% 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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
BDC vs NJR — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $939.4M |
| Net Profit | $51.0M | $218.9M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 32.0% |
| Net Margin | 7.3% | 23.3% |
| Revenue YoY | 11.4% | -33.0% |
| Net Profit YoY | -1.8% | 7.2% |
| EPS (diluted) | $1.30 | $2.16 |
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 | $939.4M | ||
| Q4 25 | $720.1M | $440.9M | ||
| Q3 25 | $698.2M | $188.3M | ||
| Q2 25 | $672.0M | $234.8M | ||
| Q1 25 | $624.9M | $569.2M | ||
| Q4 24 | $666.0M | $359.0M | ||
| Q3 24 | $654.9M | $265.7M | ||
| Q2 24 | $604.3M | $209.9M |
| Q1 26 | $51.0M | $218.9M | ||
| Q4 25 | $67.9M | $122.5M | ||
| Q3 25 | $56.7M | $15.1M | ||
| Q2 25 | $61.0M | $-15.1M | ||
| Q1 25 | $51.9M | $204.3M | ||
| Q4 24 | $58.4M | $131.3M | ||
| Q3 24 | $53.7M | $91.1M | ||
| Q2 24 | $49.0M | $-11.6M |
| 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% | — |
| Q1 26 | 11.2% | 32.0% | ||
| Q4 25 | 12.2% | 40.6% | ||
| Q3 25 | 10.9% | 21.5% | ||
| Q2 25 | 11.8% | -0.5% | ||
| Q1 25 | 11.6% | 49.2% | ||
| Q4 24 | 10.4% | 52.8% | ||
| Q3 24 | 11.5% | 55.0% | ||
| Q2 24 | 11.4% | 2.8% |
| Q1 26 | 7.3% | 23.3% | ||
| Q4 25 | 9.4% | 27.8% | ||
| Q3 25 | 8.1% | 8.0% | ||
| Q2 25 | 9.1% | -6.4% | ||
| Q1 25 | 8.3% | 35.9% | ||
| Q4 24 | 8.8% | 36.6% | ||
| Q3 24 | 8.2% | 34.3% | ||
| Q2 24 | 8.1% | -5.5% |
| Q1 26 | $1.30 | $2.16 | ||
| Q4 25 | $1.70 | $1.21 | ||
| Q3 25 | $1.41 | $0.15 | ||
| Q2 25 | $1.53 | $-0.15 | ||
| Q1 25 | $1.27 | $2.02 | ||
| Q4 24 | $1.41 | $1.31 | ||
| Q3 24 | $1.30 | $0.91 | ||
| Q2 24 | $1.19 | $-0.12 |
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 | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $2.4M | ||
| Q3 25 | $314.3M | $591.0K | ||
| Q2 25 | $301.5M | $931.0K | ||
| Q1 25 | $259.0M | $83.7M | ||
| Q4 24 | $370.3M | $1.9M | ||
| Q3 24 | $323.0M | $1.0M | ||
| Q2 24 | $564.8M | $22.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.2B | $2.4B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.2B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $7.9B | ||
| Q3 25 | $3.4B | $7.6B | ||
| Q2 25 | $3.4B | $7.3B | ||
| Q1 25 | $3.3B | $7.3B | ||
| Q4 24 | $3.3B | $7.2B | ||
| Q3 24 | $3.3B | $7.0B | ||
| Q2 24 | $3.5B | $6.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× |
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 | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $26.7M | ||
| Q3 25 | $105.0M | $81.2M | ||
| Q2 25 | $82.0M | $-28.9M | ||
| Q1 25 | $7.4M | $423.0M | ||
| Q4 24 | $174.7M | $-9.0M | ||
| Q3 24 | $91.7M | $64.5M | ||
| Q2 24 | $83.0M | $24.3M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 0.22× | ||
| Q3 25 | 1.85× | 5.39× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | 2.07× | ||
| Q4 24 | 2.99× | -0.07× | ||
| Q3 24 | 1.71× | 0.71× | ||
| Q2 24 | 1.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
