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Side-by-side financial comparison of BELDEN INC. (BDC) and Ralliant Corp (RAL). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($720.1M vs $529.1M, roughly 1.4× Ralliant Corp). BELDEN INC. runs the higher net margin — 9.4% vs 7.5%, a 1.9% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs -0.5%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $121.3M).
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.
BDC vs RAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $529.1M |
| Net Profit | $67.9M | $39.9M |
| Gross Margin | 36.6% | 50.8% |
| Operating Margin | 12.2% | 9.8% |
| Net Margin | 9.4% | 7.5% |
| Revenue YoY | 8.1% | -0.5% |
| Net Profit YoY | 16.3% | -56.1% |
| EPS (diluted) | $1.70 | $0.35 |
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 | $720.1M | — | ||
| Q4 25 | $720.1M | — | ||
| Q3 25 | $698.2M | $529.1M | ||
| Q2 25 | $672.0M | $503.3M | ||
| Q1 25 | $624.9M | — | ||
| Q4 24 | $666.0M | — | ||
| Q3 24 | $654.9M | $531.7M | ||
| Q2 24 | $604.3M | $533.7M |
| Q1 26 | $67.9M | — | ||
| Q4 25 | $67.9M | — | ||
| Q3 25 | $56.7M | $39.9M | ||
| Q2 25 | $61.0M | $47.6M | ||
| Q1 25 | $51.9M | — | ||
| Q4 24 | $58.4M | — | ||
| Q3 24 | $53.7M | $90.9M | ||
| Q2 24 | $49.0M | $64.8M |
| Q1 26 | 36.6% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | 50.8% | ||
| Q2 25 | 38.5% | 49.3% | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | 52.6% | ||
| Q2 24 | 37.5% | 51.5% |
| Q1 26 | 12.2% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | 9.8% | ||
| Q2 25 | 11.8% | 11.7% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | 20.9% | ||
| Q2 24 | 11.4% | 19.7% |
| Q1 26 | 9.4% | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 8.1% | 7.5% | ||
| Q2 25 | 9.1% | 9.5% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 8.2% | 17.1% | ||
| Q2 24 | 8.1% | 12.1% |
| Q1 26 | $1.70 | — | ||
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | $0.35 | ||
| Q2 25 | $1.53 | $0.42 | ||
| Q1 25 | $1.27 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.30 | $0.81 | ||
| Q2 24 | $1.19 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $389.9M | $264.2M |
| Total DebtLower is stronger | $1.3B | $1.1B |
| Stockholders' EquityBook value | $1.3B | $3.0B |
| Total Assets | — | $5.3B |
| Debt / EquityLower = less leverage | 1.02× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $389.9M | — | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | $264.2M | ||
| Q2 25 | $301.5M | $198.6M | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | — | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.2B | $3.0B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.2B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $5.3B | ||
| Q2 25 | $3.4B | $5.2B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.5B | — |
| Q1 26 | 1.02× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.38× | ||
| 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 | $354.9M | $138.6M |
| Free Cash FlowOCF − Capex | $121.3M | $126.6M |
| FCF MarginFCF / Revenue | 16.8% | 23.9% |
| Capex IntensityCapex / Revenue | 18.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.23× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $364.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $354.9M | — | ||
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | $138.6M | ||
| Q2 25 | $82.0M | — | ||
| Q1 25 | $7.4M | — | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $91.7M | — | ||
| Q2 24 | $83.0M | — |
| Q1 26 | $121.3M | — | ||
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $126.6M | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — |
| Q1 26 | 16.8% | — | ||
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | 23.9% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 2.3% | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — |
| Q1 26 | 5.23× | — | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | 3.47× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
