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Side-by-side financial comparison of BELDEN INC. (BDC) and OCEANEERING INTERNATIONAL INC (OII). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $692.4M, roughly 1.0× OCEANEERING INTERNATIONAL INC). BELDEN INC. runs the higher net margin — 7.3% vs 5.2%, a 2.1% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 3.6%). BELDEN INC. produced more free cash flow last quarter ($-63.1M vs $-76.5M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 1.8%).
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.
Oceaneering International, Inc. is a subsea engineering and applied technology company based in Houston, Texas, U.S. that provides engineered services and hardware to customers who operate in marine, space, and other environments.
BDC vs OII — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $692.4M |
| Net Profit | $51.0M | $36.1M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | 5.2% |
| Revenue YoY | 11.4% | 3.6% |
| Net Profit YoY | -1.8% | -28.3% |
| EPS (diluted) | $1.30 | $0.36 |
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 | $692.4M | ||
| Q4 25 | $720.1M | $668.6M | ||
| Q3 25 | $698.2M | $742.9M | ||
| Q2 25 | $672.0M | $698.2M | ||
| Q1 25 | $624.9M | $674.5M | ||
| Q4 24 | $666.0M | $713.5M | ||
| Q3 24 | $654.9M | $679.8M | ||
| Q2 24 | $604.3M | $668.8M |
| Q1 26 | $51.0M | $36.1M | ||
| Q4 25 | $67.9M | $177.7M | ||
| Q3 25 | $56.7M | $71.3M | ||
| Q2 25 | $61.0M | $54.4M | ||
| Q1 25 | $51.9M | $50.4M | ||
| Q4 24 | $58.4M | $56.1M | ||
| Q3 24 | $53.7M | $41.2M | ||
| Q2 24 | $49.0M | $35.0M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 19.8% | ||
| Q3 25 | 37.7% | 20.6% | ||
| Q2 25 | 38.5% | 21.3% | ||
| Q1 25 | 39.3% | 20.0% | ||
| Q4 24 | 37.5% | 19.9% | ||
| Q3 24 | 37.3% | 19.3% | ||
| Q2 24 | 37.5% | 18.0% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 9.8% | ||
| Q3 25 | 10.9% | 11.6% | ||
| Q2 25 | 11.8% | 11.3% | ||
| Q1 25 | 11.6% | 10.9% | ||
| Q4 24 | 10.4% | 10.9% | ||
| Q3 24 | 11.5% | 10.5% | ||
| Q2 24 | 11.4% | 9.0% |
| Q1 26 | 7.3% | 5.2% | ||
| Q4 25 | 9.4% | 26.6% | ||
| Q3 25 | 8.1% | 9.6% | ||
| Q2 25 | 9.1% | 7.8% | ||
| Q1 25 | 8.3% | 7.5% | ||
| Q4 24 | 8.8% | 7.9% | ||
| Q3 24 | 8.2% | 6.1% | ||
| Q2 24 | 8.1% | 5.2% |
| Q1 26 | $1.30 | $0.36 | ||
| Q4 25 | $1.70 | $1.75 | ||
| Q3 25 | $1.41 | $0.71 | ||
| Q2 25 | $1.53 | $0.54 | ||
| Q1 25 | $1.27 | $0.49 | ||
| Q4 24 | $1.41 | $0.55 | ||
| Q3 24 | $1.30 | $0.40 | ||
| Q2 24 | $1.19 | $0.34 |
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 | $488.8M |
| Stockholders' EquityBook value | $1.3B | $1.1B |
| Total Assets | — | $2.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $695.9M | ||
| Q3 25 | $314.3M | $7.0M | ||
| Q2 25 | $301.5M | $7.0M | ||
| Q1 25 | $259.0M | $7.0M | ||
| Q4 24 | $370.3M | $504.5M | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — |
| Q1 26 | $1.3B | $488.8M | ||
| Q4 25 | — | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | $1.1B | ||
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.2B | $907.7M | ||
| Q2 25 | $1.2B | $842.1M | ||
| Q1 25 | $1.2B | $773.1M | ||
| Q4 24 | $1.3B | $714.3M | ||
| Q3 24 | $1.2B | $698.0M | ||
| Q2 24 | $1.2B | $651.0M |
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.5B | $2.7B | ||
| Q3 25 | $3.4B | $2.5B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $3.3B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.4B | ||
| Q2 24 | $3.5B | $2.3B |
| Q1 26 | 0.98× | 0.44× | ||
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.67× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $-63.1M | $-76.5M |
| FCF MarginFCF / Revenue | -9.1% | -11.1% |
| Capex IntensityCapex / Revenue | 6.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $238.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $221.1M | ||
| Q3 25 | $105.0M | $101.3M | ||
| Q2 25 | $82.0M | $77.2M | ||
| Q1 25 | $7.4M | $-80.7M | ||
| Q4 24 | $174.7M | $128.4M | ||
| Q3 24 | $91.7M | $91.9M | ||
| Q2 24 | $83.0M | $52.6M |
| Q1 26 | $-63.1M | $-76.5M | ||
| Q4 25 | $121.3M | $190.7M | ||
| Q3 25 | $65.3M | $77.0M | ||
| Q2 25 | $56.9M | $46.9M | ||
| Q1 25 | $-24.8M | $-106.8M | ||
| Q4 24 | $116.4M | $94.5M | ||
| Q3 24 | $67.2M | $67.0M | ||
| Q2 24 | $61.0M | $29.8M |
| Q1 26 | -9.1% | -11.1% | ||
| Q4 25 | 16.8% | 28.5% | ||
| Q3 25 | 9.4% | 10.4% | ||
| Q2 25 | 8.5% | 6.7% | ||
| Q1 25 | -4.0% | -15.8% | ||
| Q4 24 | 17.5% | 13.2% | ||
| Q3 24 | 10.3% | 9.9% | ||
| Q2 24 | 10.1% | 4.5% |
| Q1 26 | 6.4% | 2.5% | ||
| Q4 25 | 5.4% | 4.6% | ||
| Q3 25 | 5.7% | 3.3% | ||
| Q2 25 | 3.7% | 4.3% | ||
| Q1 25 | 5.2% | 3.9% | ||
| Q4 24 | 8.8% | 4.7% | ||
| Q3 24 | 3.7% | 3.7% | ||
| Q2 24 | 3.6% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.24× | ||
| Q3 25 | 1.85× | 1.42× | ||
| Q2 25 | 1.34× | 1.42× | ||
| Q1 25 | 0.14× | -1.60× | ||
| Q4 24 | 2.99× | 2.29× | ||
| Q3 24 | 1.71× | 2.23× | ||
| Q2 24 | 1.69× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
