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Side-by-side financial comparison of BELDEN INC. (BDC) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $366.7M, roughly 1.9× Shake Shack Inc.). BELDEN INC. runs the higher net margin — 7.3% vs -0.1%, a 7.4% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (14.3% vs 11.4%). Over the past eight quarters, Shake Shack Inc.'s revenue compounded faster (7.6% CAGR vs 7.3%).
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.
Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.
BDC vs SHAK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $366.7M |
| Net Profit | $51.0M | $-294.0K |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | -0.1% |
| Revenue YoY | 11.4% | 14.3% |
| Net Profit YoY | -1.8% | — |
| EPS (diluted) | $1.30 | $-0.01 |
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 | $366.7M | ||
| Q4 25 | $720.1M | $400.5M | ||
| Q3 25 | $698.2M | $367.4M | ||
| Q2 25 | $672.0M | $356.5M | ||
| Q1 25 | $624.9M | $320.9M | ||
| Q4 24 | $666.0M | $328.7M | ||
| Q3 24 | $654.9M | $316.9M | ||
| Q2 24 | $604.3M | $316.5M |
| Q1 26 | $51.0M | $-294.0K | ||
| Q4 25 | $67.9M | $11.8M | ||
| Q3 25 | $56.7M | $12.5M | ||
| Q2 25 | $61.0M | $17.1M | ||
| Q1 25 | $51.9M | $4.2M | ||
| Q4 24 | $58.4M | $8.7M | ||
| Q3 24 | $53.7M | $-10.2M | ||
| Q2 24 | $49.0M | $9.7M |
| 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% | 4.7% | ||
| Q3 25 | 10.9% | 5.0% | ||
| Q2 25 | 11.8% | 6.3% | ||
| Q1 25 | 11.6% | 0.9% | ||
| Q4 24 | 10.4% | 3.1% | ||
| Q3 24 | 11.5% | -5.7% | ||
| Q2 24 | 11.4% | 3.4% |
| Q1 26 | 7.3% | -0.1% | ||
| Q4 25 | 9.4% | 3.0% | ||
| Q3 25 | 8.1% | 3.4% | ||
| Q2 25 | 9.1% | 4.8% | ||
| Q1 25 | 8.3% | 1.3% | ||
| Q4 24 | 8.8% | 2.6% | ||
| Q3 24 | 8.2% | -3.2% | ||
| Q2 24 | 8.1% | 3.1% |
| Q1 26 | $1.30 | $-0.01 | ||
| Q4 25 | $1.70 | $0.28 | ||
| Q3 25 | $1.41 | $0.30 | ||
| Q2 25 | $1.53 | $0.41 | ||
| Q1 25 | $1.27 | $0.10 | ||
| Q4 24 | $1.41 | $0.22 | ||
| Q3 24 | $1.30 | $-0.26 | ||
| Q2 24 | $1.19 | $0.23 |
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 | $313.6M |
| Total DebtLower is stronger | $1.3B | $248.0M |
| Stockholders' EquityBook value | $1.3B | $554.6M |
| Total Assets | — | $1.9B |
| Debt / EquityLower = less leverage | 0.98× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $313.6M | ||
| Q4 25 | $389.9M | $360.1M | ||
| Q3 25 | $314.3M | $357.8M | ||
| Q2 25 | $301.5M | $336.8M | ||
| Q1 25 | $259.0M | $312.9M | ||
| Q4 24 | $370.3M | $320.7M | ||
| Q3 24 | $323.0M | $310.9M | ||
| Q2 24 | $564.8M | $304.4M |
| Q1 26 | $1.3B | $248.0M | ||
| Q4 25 | — | $247.7M | ||
| Q3 25 | — | $247.5M | ||
| Q2 25 | — | $247.2M | ||
| Q1 25 | — | $246.9M | ||
| Q4 24 | — | $246.7M | ||
| Q3 24 | — | $246.4M | ||
| Q2 24 | — | $246.2M |
| Q1 26 | $1.3B | $554.6M | ||
| Q4 25 | $1.3B | $525.3M | ||
| Q3 25 | $1.2B | $509.0M | ||
| Q2 25 | $1.2B | $494.1M | ||
| Q1 25 | $1.2B | $473.3M | ||
| Q4 24 | $1.3B | $470.0M | ||
| Q3 24 | $1.2B | $456.1M | ||
| Q2 24 | $1.2B | $462.4M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.3B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.3B | $1.7B | ||
| Q2 24 | $3.5B | $1.7B |
| Q1 26 | 0.98× | 0.45× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.53× |
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 | — | $8.5M |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.5M | ||
| Q4 25 | $160.4M | $63.1M | ||
| Q3 25 | $105.0M | $63.0M | ||
| Q2 25 | $82.0M | $65.0M | ||
| Q1 25 | $7.4M | $31.2M | ||
| Q4 24 | $174.7M | $45.1M | ||
| Q3 24 | $91.7M | $41.9M | ||
| Q2 24 | $83.0M | $53.5M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $4.0M | ||
| Q3 25 | $65.3M | $23.7M | ||
| Q2 25 | $56.9M | $26.9M | ||
| Q1 25 | $-24.8M | $1.9M | ||
| Q4 24 | $116.4M | $10.4M | ||
| Q3 24 | $67.2M | $7.1M | ||
| Q2 24 | $61.0M | $20.6M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 1.0% | ||
| Q3 25 | 9.4% | 6.5% | ||
| Q2 25 | 8.5% | 7.5% | ||
| Q1 25 | -4.0% | 0.6% | ||
| Q4 24 | 17.5% | 3.2% | ||
| Q3 24 | 10.3% | 2.2% | ||
| Q2 24 | 10.1% | 6.5% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 14.8% | ||
| Q3 25 | 5.7% | 10.7% | ||
| Q2 25 | 3.7% | 10.7% | ||
| Q1 25 | 5.2% | 9.1% | ||
| Q4 24 | 8.8% | 10.6% | ||
| Q3 24 | 3.7% | 11.0% | ||
| Q2 24 | 3.6% | 10.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 5.34× | ||
| Q3 25 | 1.85× | 5.04× | ||
| Q2 25 | 1.34× | 3.79× | ||
| Q1 25 | 0.14× | 7.36× | ||
| Q4 24 | 2.99× | 5.18× | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | 5.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
