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Side-by-side financial comparison of BELDEN INC. (BDC) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $696.4M, roughly 1.1× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs 0.3%, a 7.1% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 4.0%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -58.3%).
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.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
BDC vs PFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $750.8M |
| Net Profit | $51.0M | $1.9M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | 0.3% |
| Revenue YoY | 11.4% | 4.0% |
| Net Profit YoY | -1.8% | 783.0% |
| EPS (diluted) | $1.30 | — |
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 | $750.8M | ||
| Q4 25 | $720.1M | $4.6B | ||
| Q3 25 | $698.2M | $3.7B | ||
| Q2 25 | $672.0M | $3.7B | ||
| Q1 25 | $624.9M | $3.7B | ||
| Q4 24 | $666.0M | $4.8B | ||
| Q3 24 | $654.9M | $3.0B | ||
| Q2 24 | $604.3M | $4.3B |
| Q1 26 | $51.0M | $1.9M | ||
| Q4 25 | $67.9M | $517.0M | ||
| Q3 25 | $56.7M | $213.8M | ||
| Q2 25 | $61.0M | $406.2M | ||
| Q1 25 | $51.9M | $48.1M | ||
| Q4 24 | $58.4M | $905.4M | ||
| Q3 24 | $53.7M | $-220.0M | ||
| Q2 24 | $49.0M | $353.1M |
| 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% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 11.4% | — |
| Q1 26 | 7.3% | 0.3% | ||
| Q4 25 | 9.4% | 11.3% | ||
| Q3 25 | 8.1% | 5.8% | ||
| Q2 25 | 9.1% | 11.1% | ||
| Q1 25 | 8.3% | 1.3% | ||
| Q4 24 | 8.8% | 19.1% | ||
| Q3 24 | 8.2% | -7.3% | ||
| Q2 24 | 8.1% | 8.2% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $2.30 | ||
| Q3 25 | $1.41 | $0.95 | ||
| Q2 25 | $1.53 | $1.79 | ||
| Q1 25 | $1.27 | $0.21 | ||
| Q4 24 | $1.41 | $3.92 | ||
| Q3 24 | $1.30 | $-0.95 | ||
| Q2 24 | $1.19 | $1.49 |
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 | $4.4B | ||
| Q3 25 | $314.3M | $5.1B | ||
| Q2 25 | $301.5M | $3.7B | ||
| Q1 25 | $259.0M | $3.9B | ||
| Q4 24 | $370.3M | $4.2B | ||
| Q3 24 | $323.0M | $6.2B | ||
| Q2 24 | $564.8M | $4.8B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $11.9B | ||
| Q3 25 | $1.2B | $11.7B | ||
| Q2 25 | $1.2B | $11.4B | ||
| Q1 25 | $1.2B | $11.2B | ||
| Q4 24 | $1.3B | $11.1B | ||
| Q3 24 | $1.2B | $11.2B | ||
| Q2 24 | $1.2B | $11.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $341.4B | ||
| Q3 25 | $3.4B | $334.5B | ||
| Q2 25 | $3.4B | $323.1B | ||
| Q1 25 | $3.3B | $313.0B | ||
| Q4 24 | $3.3B | $313.7B | ||
| Q3 24 | $3.3B | $322.9B | ||
| Q2 24 | $3.5B | $308.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× |
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 | $1.7B | ||
| Q3 25 | $105.0M | $1.0B | ||
| Q2 25 | $82.0M | $811.9M | ||
| Q1 25 | $7.4M | $977.3M | ||
| Q4 24 | $174.7M | $1.5B | ||
| Q3 24 | $91.7M | $1.1B | ||
| Q2 24 | $83.0M | $1.4B |
| 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× | 3.37× | ||
| Q3 25 | 1.85× | 4.70× | ||
| Q2 25 | 1.34× | 2.00× | ||
| Q1 25 | 0.14× | 20.32× | ||
| Q4 24 | 2.99× | 1.61× | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | 4.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
