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Side-by-side financial comparison of BELDEN INC. (BDC) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $720.1M, roughly 1.1× BELDEN INC.). BELDEN INC. runs the higher net margin — 9.4% vs 2.2%, a 7.3% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs 2.5%). BELDEN INC. produced more free cash flow last quarter ($121.3M vs $28.9M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
BDC vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $766.5M |
| Net Profit | $67.9M | $16.5M |
| Gross Margin | 36.6% | 13.4% |
| Operating Margin | 12.2% | 2.3% |
| Net Margin | 9.4% | 2.2% |
| Revenue YoY | 8.1% | 2.5% |
| Net Profit YoY | 16.3% | -3.3% |
| EPS (diluted) | $1.70 | $0.75 |
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.
| Q4 25 | $720.1M | $766.5M | ||
| Q3 25 | $698.2M | $739.6M | ||
| Q2 25 | $672.0M | $812.9M | ||
| Q1 25 | $624.9M | $704.8M | ||
| Q4 24 | $666.0M | $747.5M | ||
| Q3 24 | $654.9M | $775.6M | ||
| Q2 24 | $604.3M | $746.1M | ||
| Q1 24 | $535.7M | $752.6M |
| Q4 25 | $67.9M | $16.5M | ||
| Q3 25 | $56.7M | $19.9M | ||
| Q2 25 | $61.0M | $20.1M | ||
| Q1 25 | $51.9M | $17.4M | ||
| Q4 24 | $58.4M | $17.1M | ||
| Q3 24 | $53.7M | $17.0M | ||
| Q2 24 | $49.0M | $16.1M | ||
| Q1 24 | $37.3M | $12.8M |
| Q4 25 | 36.6% | 13.4% | ||
| Q3 25 | 37.7% | 14.5% | ||
| Q2 25 | 38.5% | 12.9% | ||
| Q1 25 | 39.3% | 14.2% | ||
| Q4 24 | 37.5% | 13.6% | ||
| Q3 24 | 37.3% | 13.1% | ||
| Q2 24 | 37.5% | 13.0% | ||
| Q1 24 | 37.6% | 12.6% |
| Q4 25 | 12.2% | 2.3% | ||
| Q3 25 | 10.9% | 3.5% | ||
| Q2 25 | 11.8% | 3.3% | ||
| Q1 25 | 11.6% | 3.2% | ||
| Q4 24 | 10.4% | 2.5% | ||
| Q3 24 | 11.5% | 2.3% | ||
| Q2 24 | 11.4% | 2.9% | ||
| Q1 24 | 9.9% | 2.3% |
| Q4 25 | 9.4% | 2.2% | ||
| Q3 25 | 8.1% | 2.7% | ||
| Q2 25 | 9.1% | 2.5% | ||
| Q1 25 | 8.3% | 2.5% | ||
| Q4 24 | 8.8% | 2.3% | ||
| Q3 24 | 8.2% | 2.2% | ||
| Q2 24 | 8.1% | 2.2% | ||
| Q1 24 | 7.0% | 1.7% |
| Q4 25 | $1.70 | $0.75 | ||
| Q3 25 | $1.41 | $0.89 | ||
| Q2 25 | $1.53 | $0.87 | ||
| Q1 25 | $1.27 | $0.74 | ||
| Q4 24 | $1.41 | $0.70 | ||
| Q3 24 | $1.30 | $0.69 | ||
| Q2 24 | $1.19 | $0.66 | ||
| Q1 24 | $0.90 | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $910.9M |
| Total Assets | $3.5B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $389.9M | $83.5M | ||
| Q3 25 | $314.3M | $124.9M | ||
| Q2 25 | $301.5M | $126.2M | ||
| Q1 25 | $259.0M | $146.3M | ||
| Q4 24 | $370.3M | $110.5M | ||
| Q3 24 | $323.0M | $145.0M | ||
| Q2 24 | $564.8M | $185.5M | ||
| Q1 24 | $506.8M | $159.1M |
| Q4 25 | $1.3B | $910.9M | ||
| Q3 25 | $1.2B | $914.0M | ||
| Q2 25 | $1.2B | $906.4M | ||
| Q1 25 | $1.2B | $901.7M | ||
| Q4 24 | $1.3B | $900.7M | ||
| Q3 24 | $1.2B | $920.9M | ||
| Q2 24 | $1.2B | $924.3M | ||
| Q1 24 | $1.2B | $944.1M |
| Q4 25 | $3.5B | $1.7B | ||
| Q3 25 | $3.4B | $1.7B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.5B | $1.8B | ||
| Q1 24 | $3.1B | $1.8B |
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 | $160.4M | $30.8M |
| Free Cash FlowOCF − Capex | $121.3M | $28.9M |
| FCF MarginFCF / Revenue | 16.8% | 3.8% |
| Capex IntensityCapex / Revenue | 5.4% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.36× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $160.4M | $30.8M | ||
| Q3 25 | $105.0M | $23.2M | ||
| Q2 25 | $82.0M | — | ||
| Q1 25 | $7.4M | $66.1M | ||
| Q4 24 | $174.7M | $-6.2M | ||
| Q3 24 | $91.7M | $44.8M | ||
| Q2 24 | $83.0M | — | ||
| Q1 24 | $2.7M | $160.2M |
| Q4 25 | $121.3M | $28.9M | ||
| Q3 25 | $65.3M | $20.8M | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | $64.6M | ||
| Q4 24 | $116.4M | $-8.2M | ||
| Q3 24 | $67.2M | $42.5M | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $-21.5M | $157.7M |
| Q4 25 | 16.8% | 3.8% | ||
| Q3 25 | 9.4% | 2.8% | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | 9.2% | ||
| Q4 24 | 17.5% | -1.1% | ||
| Q3 24 | 10.3% | 5.5% | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | -4.0% | 21.0% |
| Q4 25 | 5.4% | 0.3% | ||
| Q3 25 | 5.7% | 0.3% | ||
| Q2 25 | 3.7% | 0.3% | ||
| Q1 25 | 5.2% | 0.2% | ||
| Q4 24 | 8.8% | 0.3% | ||
| Q3 24 | 3.7% | 0.3% | ||
| Q2 24 | 3.6% | 0.2% | ||
| Q1 24 | 4.5% | 0.3% |
| Q4 25 | 2.36× | 1.87× | ||
| Q3 25 | 1.85× | 1.17× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | 3.79× | ||
| Q4 24 | 2.99× | -0.36× | ||
| Q3 24 | 1.71× | 2.64× | ||
| Q2 24 | 1.69× | — | ||
| Q1 24 | 0.07× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
