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Side-by-side financial comparison of BELDEN INC. (BDC) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Sally Beauty Holdings, Inc. is the larger business by last-quarter revenue ($943.2M vs $696.4M, roughly 1.4× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs 4.8%, a 2.5% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 0.6%). Sally Beauty Holdings, Inc. produced more free cash flow last quarter ($57.5M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 1.9%).
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.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
BDC vs SBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $943.2M |
| Net Profit | $51.0M | $45.6M |
| Gross Margin | 37.1% | 51.2% |
| Operating Margin | 11.2% | 8.1% |
| Net Margin | 7.3% | 4.8% |
| Revenue YoY | 11.4% | 0.6% |
| Net Profit YoY | -1.8% | -25.3% |
| EPS (diluted) | $1.30 | $0.45 |
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 | $943.2M | ||
| Q3 25 | $698.2M | $947.1M | ||
| Q2 25 | $672.0M | $933.3M | ||
| Q1 25 | $624.9M | $883.1M | ||
| Q4 24 | $666.0M | $937.9M | ||
| Q3 24 | $654.9M | $935.0M | ||
| Q2 24 | $604.3M | $942.3M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $45.6M | ||
| Q3 25 | $56.7M | $49.9M | ||
| Q2 25 | $61.0M | $45.7M | ||
| Q1 25 | $51.9M | $39.2M | ||
| Q4 24 | $58.4M | $61.0M | ||
| Q3 24 | $53.7M | $48.1M | ||
| Q2 24 | $49.0M | $37.7M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 51.2% | ||
| Q3 25 | 37.7% | 52.2% | ||
| Q2 25 | 38.5% | 51.5% | ||
| Q1 25 | 39.3% | 52.0% | ||
| Q4 24 | 37.5% | 50.8% | ||
| Q3 24 | 37.3% | 51.2% | ||
| Q2 24 | 37.5% | 51.0% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 8.1% | ||
| Q3 25 | 10.9% | 8.4% | ||
| Q2 25 | 11.8% | 8.4% | ||
| Q1 25 | 11.6% | 7.9% | ||
| Q4 24 | 10.4% | 10.7% | ||
| Q3 24 | 11.5% | 8.8% | ||
| Q2 24 | 11.4% | 7.6% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 4.8% | ||
| Q3 25 | 8.1% | 5.3% | ||
| Q2 25 | 9.1% | 4.9% | ||
| Q1 25 | 8.3% | 4.4% | ||
| Q4 24 | 8.8% | 6.5% | ||
| Q3 24 | 8.2% | 5.1% | ||
| Q2 24 | 8.1% | 4.0% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.45 | ||
| Q3 25 | $1.41 | $0.49 | ||
| Q2 25 | $1.53 | $0.44 | ||
| Q1 25 | $1.27 | $0.38 | ||
| Q4 24 | $1.41 | $0.58 | ||
| Q3 24 | $1.30 | $0.45 | ||
| Q2 24 | $1.19 | $0.36 |
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 | $157.2M |
| Total DebtLower is stronger | $1.3B | $842.5M |
| Stockholders' EquityBook value | $1.3B | $823.6M |
| Total Assets | — | $2.9B |
| Debt / EquityLower = less leverage | 0.98× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $157.2M | ||
| Q3 25 | $314.3M | $149.2M | ||
| Q2 25 | $301.5M | $112.8M | ||
| Q1 25 | $259.0M | $92.2M | ||
| Q4 24 | $370.3M | $105.5M | ||
| Q3 24 | $323.0M | $108.0M | ||
| Q2 24 | $564.8M | $97.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | — | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $823.6M | ||
| Q3 25 | $1.2B | $794.2M | ||
| Q2 25 | $1.2B | $762.9M | ||
| Q1 25 | $1.2B | $699.8M | ||
| Q4 24 | $1.3B | $656.5M | ||
| Q3 24 | $1.2B | $628.5M | ||
| Q2 24 | $1.2B | $577.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $2.9B | ||
| Q3 25 | $3.4B | $2.9B | ||
| Q2 25 | $3.4B | $2.7B | ||
| Q1 25 | $3.3B | $2.7B | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.3B | $2.8B | ||
| Q2 24 | $3.5B | $2.7B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× |
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 | — | $93.2M |
| Free Cash FlowOCF − Capex | $-63.1M | $57.5M |
| FCF MarginFCF / Revenue | -9.1% | 6.1% |
| Capex IntensityCapex / Revenue | 6.4% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $93.2M | ||
| Q3 25 | $105.0M | $120.9M | ||
| Q2 25 | $82.0M | $69.4M | ||
| Q1 25 | $7.4M | $51.1M | ||
| Q4 24 | $174.7M | $33.5M | ||
| Q3 24 | $91.7M | $110.7M | ||
| Q2 24 | $83.0M | $47.9M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $57.5M | ||
| Q3 25 | $65.3M | $78.0M | ||
| Q2 25 | $56.9M | $49.1M | ||
| Q1 25 | $-24.8M | $32.2M | ||
| Q4 24 | $116.4M | $13.4M | ||
| Q3 24 | $67.2M | $73.3M | ||
| Q2 24 | $61.0M | $28.7M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 6.1% | ||
| Q3 25 | 9.4% | 8.2% | ||
| Q2 25 | 8.5% | 5.3% | ||
| Q1 25 | -4.0% | 3.6% | ||
| Q4 24 | 17.5% | 1.4% | ||
| Q3 24 | 10.3% | 7.8% | ||
| Q2 24 | 10.1% | 3.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 3.8% | ||
| Q3 25 | 5.7% | 4.5% | ||
| Q2 25 | 3.7% | 2.2% | ||
| Q1 25 | 5.2% | 2.1% | ||
| Q4 24 | 8.8% | 2.1% | ||
| Q3 24 | 3.7% | 4.0% | ||
| Q2 24 | 3.6% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 2.05× | ||
| Q3 25 | 1.85× | 2.42× | ||
| Q2 25 | 1.34× | 1.52× | ||
| Q1 25 | 0.14× | 1.30× | ||
| Q4 24 | 2.99× | 0.55× | ||
| Q3 24 | 1.71× | 2.30× | ||
| Q2 24 | 1.69× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
