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Side-by-side financial comparison of BELDEN INC. (BDC) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.
BLUE OWL CAPITAL INC. is the larger business by last-quarter revenue ($755.6M vs $696.4M, roughly 1.1× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs 6.3%, a 1.0% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 11.4%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $-63.1M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% 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.
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
BDC vs OWL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $755.6M |
| Net Profit | $51.0M | $47.7M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 22.2% |
| Net Margin | 7.3% | 6.3% |
| Revenue YoY | 11.4% | 19.7% |
| Net Profit YoY | -1.8% | 129.8% |
| EPS (diluted) | $1.30 | $0.07 |
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 | — | ||
| Q4 25 | $720.1M | $755.6M | ||
| Q3 25 | $698.2M | $728.0M | ||
| Q2 25 | $672.0M | $703.1M | ||
| Q1 25 | $624.9M | $683.5M | ||
| Q4 24 | $666.0M | $631.4M | ||
| Q3 24 | $654.9M | $600.9M | ||
| Q2 24 | $604.3M | $549.8M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $47.7M | ||
| Q3 25 | $56.7M | $6.3M | ||
| Q2 25 | $61.0M | $17.4M | ||
| Q1 25 | $51.9M | $7.4M | ||
| Q4 24 | $58.4M | $20.7M | ||
| Q3 24 | $53.7M | $29.8M | ||
| Q2 24 | $49.0M | $33.9M |
| 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% | — | ||
| Q4 25 | 12.2% | 22.2% | ||
| Q3 25 | 10.9% | 7.6% | ||
| Q2 25 | 11.8% | 12.0% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 10.4% | 11.7% | ||
| Q3 24 | 11.5% | 18.7% | ||
| Q2 24 | 11.4% | 28.4% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 6.3% | ||
| Q3 25 | 8.1% | 0.9% | ||
| Q2 25 | 9.1% | 2.5% | ||
| Q1 25 | 8.3% | 1.1% | ||
| Q4 24 | 8.8% | 3.3% | ||
| Q3 24 | 8.2% | 5.0% | ||
| Q2 24 | 8.1% | 6.2% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.07 | ||
| Q3 25 | $1.41 | $0.01 | ||
| Q2 25 | $1.53 | $0.02 | ||
| Q1 25 | $1.27 | $0.00 | ||
| Q4 24 | $1.41 | $0.06 | ||
| Q3 24 | $1.30 | $0.04 | ||
| Q2 24 | $1.19 | $0.06 |
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 | $194.5M |
| Total DebtLower is stronger | $1.3B | $3.3B |
| Stockholders' EquityBook value | $1.3B | $2.2B |
| Total Assets | — | $12.5B |
| Debt / EquityLower = less leverage | 0.98× | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $194.5M | ||
| Q3 25 | $314.3M | $137.3M | ||
| Q2 25 | $301.5M | $117.6M | ||
| Q1 25 | $259.0M | $97.6M | ||
| Q4 24 | $370.3M | $152.1M | ||
| Q3 24 | $323.0M | $115.9M | ||
| Q2 24 | $564.8M | $436.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.4B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $12.5B | ||
| Q3 25 | $3.4B | $12.5B | ||
| Q2 25 | $3.4B | $12.3B | ||
| Q1 25 | $3.3B | $12.3B | ||
| Q4 24 | $3.3B | $11.0B | ||
| Q3 24 | $3.3B | $10.8B | ||
| Q2 24 | $3.5B | $9.7B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.38× | ||
| Q1 25 | — | 1.37× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.41× |
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 | — | $382.9M |
| Free Cash FlowOCF − Capex | $-63.1M | $359.1M |
| FCF MarginFCF / Revenue | -9.1% | 47.5% |
| Capex IntensityCapex / Revenue | 6.4% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 8.03× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $382.9M | ||
| Q3 25 | $105.0M | $433.1M | ||
| Q2 25 | $82.0M | $422.5M | ||
| Q1 25 | $7.4M | $17.6M | ||
| Q4 24 | $174.7M | $324.0M | ||
| Q3 24 | $91.7M | $326.0M | ||
| Q2 24 | $83.0M | $302.3M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $359.1M | ||
| Q3 25 | $65.3M | $422.5M | ||
| Q2 25 | $56.9M | $412.5M | ||
| Q1 25 | $-24.8M | $4.2M | ||
| Q4 24 | $116.4M | $310.1M | ||
| Q3 24 | $67.2M | $314.8M | ||
| Q2 24 | $61.0M | $269.4M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 47.5% | ||
| Q3 25 | 9.4% | 58.0% | ||
| Q2 25 | 8.5% | 58.7% | ||
| Q1 25 | -4.0% | 0.6% | ||
| Q4 24 | 17.5% | 49.1% | ||
| Q3 24 | 10.3% | 52.4% | ||
| Q2 24 | 10.1% | 49.0% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 3.1% | ||
| Q3 25 | 5.7% | 1.5% | ||
| Q2 25 | 3.7% | 1.4% | ||
| Q1 25 | 5.2% | 2.0% | ||
| Q4 24 | 8.8% | 2.2% | ||
| Q3 24 | 3.7% | 1.9% | ||
| Q2 24 | 3.6% | 6.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 8.03× | ||
| Q3 25 | 1.85× | 68.64× | ||
| Q2 25 | 1.34× | 24.25× | ||
| Q1 25 | 0.14× | 2.37× | ||
| Q4 24 | 2.99× | 15.62× | ||
| Q3 24 | 1.71× | 10.94× | ||
| Q2 24 | 1.69× | 8.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
