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Side-by-side financial comparison of BELDEN INC. (BDC) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $696.4M, roughly 1.7× BELDEN INC.). Public Storage runs the higher net margin — 41.7% vs 7.3%, a 34.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 3.3%). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
BDC vs PSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.2B |
| Net Profit | $51.0M | $507.1M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 40.7% |
| Net Margin | 7.3% | 41.7% |
| Revenue YoY | 11.4% | 3.3% |
| Net Profit YoY | -1.8% | -17.5% |
| EPS (diluted) | $1.30 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $698.2M | $1.2B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $624.9M | $1.2B | ||
| Q4 24 | $666.0M | $1.2B | ||
| Q3 24 | $654.9M | $1.2B | ||
| Q2 24 | $604.3M | $1.2B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $507.1M | ||
| Q3 25 | $56.7M | $511.1M | ||
| Q2 25 | $61.0M | $358.4M | ||
| Q1 25 | $51.9M | $407.8M | ||
| Q4 24 | $58.4M | $614.6M | ||
| Q3 24 | $53.7M | $430.3M | ||
| Q2 24 | $49.0M | $518.1M |
| 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% | 40.7% | ||
| Q3 25 | 10.9% | 42.3% | ||
| Q2 25 | 11.8% | 30.4% | ||
| Q1 25 | 11.6% | 34.8% | ||
| Q4 24 | 10.4% | 52.4% | ||
| Q3 24 | 11.5% | 36.7% | ||
| Q2 24 | 11.4% | 44.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 41.7% | ||
| Q3 25 | 8.1% | 41.8% | ||
| Q2 25 | 9.1% | 29.8% | ||
| Q1 25 | 8.3% | 34.5% | ||
| Q4 24 | 8.8% | 52.2% | ||
| Q3 24 | 8.2% | 36.2% | ||
| Q2 24 | 8.1% | 44.2% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $2.59 | ||
| Q3 25 | $1.41 | $2.62 | ||
| Q2 25 | $1.53 | $1.76 | ||
| Q1 25 | $1.27 | $2.04 | ||
| Q4 24 | $1.41 | $3.22 | ||
| Q3 24 | $1.30 | $2.16 | ||
| Q2 24 | $1.19 | $2.66 |
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 | $318.1M |
| Total DebtLower is stronger | $1.3B | $10.3B |
| Stockholders' EquityBook value | $1.3B | $9.2B |
| Total Assets | — | $20.2B |
| Debt / EquityLower = less leverage | 0.98× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $318.1M | ||
| Q3 25 | $314.3M | $296.5M | ||
| Q2 25 | $301.5M | $1.1B | ||
| Q1 25 | $259.0M | $287.2M | ||
| Q4 24 | $370.3M | $447.4M | ||
| Q3 24 | $323.0M | $599.0M | ||
| Q2 24 | $564.8M | $542.3M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $9.2B | ||
| Q3 25 | $1.2B | $9.3B | ||
| Q2 25 | $1.2B | $9.4B | ||
| Q1 25 | $1.2B | $9.6B | ||
| Q4 24 | $1.3B | $9.7B | ||
| Q3 24 | $1.2B | $9.6B | ||
| Q2 24 | $1.2B | $9.7B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $20.2B | ||
| Q3 25 | $3.4B | $20.1B | ||
| Q2 25 | $3.4B | $20.5B | ||
| Q1 25 | $3.3B | $19.6B | ||
| Q4 24 | $3.3B | $19.8B | ||
| Q3 24 | $3.3B | $19.8B | ||
| Q2 24 | $3.5B | $19.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× |
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 | — | $733.6M |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $733.6M | ||
| Q3 25 | $105.0M | $875.1M | ||
| Q2 25 | $82.0M | $872.7M | ||
| Q1 25 | $7.4M | $705.1M | ||
| Q4 24 | $174.7M | $768.6M | ||
| Q3 24 | $91.7M | $798.8M | ||
| Q2 24 | $83.0M | $895.3M |
| 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× | 1.45× | ||
| Q3 25 | 1.85× | 1.71× | ||
| Q2 25 | 1.34× | 2.43× | ||
| Q1 25 | 0.14× | 1.73× | ||
| Q4 24 | 2.99× | 1.25× | ||
| Q3 24 | 1.71× | 1.86× | ||
| Q2 24 | 1.69× | 1.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
