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Side-by-side financial comparison of BELDEN INC. (BDC) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $696.4M, roughly 1.2× BELDEN INC.). Primerica, Inc. runs the higher net margin — 23.1% vs 7.3%, a 15.8% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 11.0%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 7.2%).
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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
BDC vs PRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $853.7M |
| Net Profit | $51.0M | $197.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 28.9% |
| Net Margin | 7.3% | 23.1% |
| Revenue YoY | 11.4% | 11.0% |
| Net Profit YoY | -1.8% | 17.9% |
| EPS (diluted) | $1.30 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $698.2M | $839.9M | ||
| Q2 25 | $672.0M | $793.3M | ||
| Q1 25 | $624.9M | $804.8M | ||
| Q4 24 | $666.0M | $768.8M | ||
| Q3 24 | $654.9M | $774.1M | ||
| Q2 24 | $604.3M | $803.4M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $197.0M | ||
| Q3 25 | $56.7M | $206.8M | ||
| Q2 25 | $61.0M | $178.3M | ||
| Q1 25 | $51.9M | $169.1M | ||
| Q4 24 | $58.4M | $167.1M | ||
| Q3 24 | $53.7M | $164.4M | ||
| Q2 24 | $49.0M | $1.2M |
| 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% | 98.0% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 28.9% | ||
| Q3 25 | 10.9% | 32.3% | ||
| Q2 25 | 11.8% | 29.6% | ||
| Q1 25 | 11.6% | 27.5% | ||
| Q4 24 | 10.4% | 64.7% | ||
| Q3 24 | 11.5% | 32.9% | ||
| Q2 24 | 11.4% | 1.0% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 23.1% | ||
| Q3 25 | 8.1% | 24.6% | ||
| Q2 25 | 9.1% | 22.5% | ||
| Q1 25 | 8.3% | 21.0% | ||
| Q4 24 | 8.8% | 21.7% | ||
| Q3 24 | 8.2% | 21.2% | ||
| Q2 24 | 8.1% | 0.1% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $6.11 | ||
| Q3 25 | $1.41 | $6.35 | ||
| Q2 25 | $1.53 | $5.40 | ||
| Q1 25 | $1.27 | $5.05 | ||
| Q4 24 | $1.41 | $4.92 | ||
| Q3 24 | $1.30 | $4.83 | ||
| Q2 24 | $1.19 | $0.03 |
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 | $756.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $2.4B |
| Total Assets | — | $15.0B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $756.2M | ||
| Q3 25 | $314.3M | $644.9M | ||
| Q2 25 | $301.5M | $621.2M | ||
| Q1 25 | $259.0M | $625.1M | ||
| Q4 24 | $370.3M | $687.8M | ||
| Q3 24 | $323.0M | $550.1M | ||
| Q2 24 | $564.8M | $627.3M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $1.2B | $1.9B | ||
| Q2 24 | $1.2B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $15.0B | ||
| Q3 25 | $3.4B | $14.8B | ||
| Q2 25 | $3.4B | $14.8B | ||
| Q1 25 | $3.3B | $14.6B | ||
| Q4 24 | $3.3B | $14.6B | ||
| Q3 24 | $3.3B | $14.8B | ||
| Q2 24 | $3.5B | $14.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $338.2M |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $338.2M | ||
| Q3 25 | $105.0M | $202.9M | ||
| Q2 25 | $82.0M | $162.6M | ||
| Q1 25 | $7.4M | $197.5M | ||
| Q4 24 | $174.7M | $270.6M | ||
| Q3 24 | $91.7M | $207.3M | ||
| Q2 24 | $83.0M | $173.3M |
| 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× | 1.72× | ||
| Q3 25 | 1.85× | 0.98× | ||
| Q2 25 | 1.34× | 0.91× | ||
| Q1 25 | 0.14× | 1.17× | ||
| Q4 24 | 2.99× | 1.62× | ||
| Q3 24 | 1.71× | 1.26× | ||
| Q2 24 | 1.69× | 147.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
