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Side-by-side financial comparison of BELDEN INC. (BDC) and Snap-on (SNA). Click either name above to swap in a different company.
Snap-on is the larger business by last-quarter revenue ($1.2B vs $696.4M, roughly 1.8× BELDEN INC.). Snap-on runs the higher net margin — 21.3% vs 7.3%, a 14.0% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 2.7%). Snap-on produced more free cash flow last quarter ($254.6M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 2.0%).
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.
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
BDC vs SNA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.2B |
| Net Profit | $51.0M | $260.7M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 27.8% |
| Net Margin | 7.3% | 21.3% |
| Revenue YoY | 11.4% | 2.7% |
| Net Profit YoY | -1.8% | 1.0% |
| EPS (diluted) | $1.30 | $4.94 |
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 | $1.1B | ||
| Q4 24 | $666.0M | $1.2B | ||
| Q3 24 | $654.9M | $1.1B | ||
| Q2 24 | $604.3M | $1.2B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $260.7M | ||
| Q3 25 | $56.7M | $265.4M | ||
| Q2 25 | $61.0M | $250.3M | ||
| Q1 25 | $51.9M | $240.5M | ||
| Q4 24 | $58.4M | $258.1M | ||
| Q3 24 | $53.7M | $251.1M | ||
| Q2 24 | $49.0M | $271.2M |
| 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% | 27.8% | ||
| Q3 25 | 10.9% | 29.4% | ||
| Q2 25 | 11.8% | 28.0% | ||
| Q1 25 | 11.6% | 27.7% | ||
| Q4 24 | 10.4% | 27.9% | ||
| Q3 24 | 11.5% | 28.4% | ||
| Q2 24 | 11.4% | 29.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 21.3% | ||
| Q3 25 | 8.1% | 22.5% | ||
| Q2 25 | 9.1% | 21.4% | ||
| Q1 25 | 8.3% | 21.2% | ||
| Q4 24 | 8.8% | 21.7% | ||
| Q3 24 | 8.2% | 22.0% | ||
| Q2 24 | 8.1% | 23.1% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $4.94 | ||
| Q3 25 | $1.41 | $5.02 | ||
| Q2 25 | $1.53 | $4.72 | ||
| Q1 25 | $1.27 | $4.51 | ||
| Q4 24 | $1.41 | $4.83 | ||
| Q3 24 | $1.30 | $4.70 | ||
| Q2 24 | $1.19 | $5.07 |
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 | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | $1.5B | ||
| Q2 25 | $301.5M | $1.5B | ||
| Q1 25 | $259.0M | $1.4B | ||
| Q4 24 | $370.3M | $1.4B | ||
| Q3 24 | $323.0M | $1.3B | ||
| Q2 24 | $564.8M | $1.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.2B | $5.8B | ||
| Q2 25 | $1.2B | $5.7B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.3B | $5.4B | ||
| Q3 24 | $1.2B | $5.5B | ||
| Q2 24 | $1.2B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.4B | $8.4B | ||
| Q2 25 | $3.4B | $8.2B | ||
| Q1 25 | $3.3B | $8.1B | ||
| Q4 24 | $3.3B | $7.9B | ||
| Q3 24 | $3.3B | $8.0B | ||
| Q2 24 | $3.5B | $7.8B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| 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 | — | $268.1M |
| Free Cash FlowOCF − Capex | $-63.1M | $254.6M |
| FCF MarginFCF / Revenue | -9.1% | 20.8% |
| Capex IntensityCapex / Revenue | 6.4% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $268.1M | ||
| Q3 25 | $105.0M | $277.9M | ||
| Q2 25 | $82.0M | $237.2M | ||
| Q1 25 | $7.4M | $298.5M | ||
| Q4 24 | $174.7M | $293.5M | ||
| Q3 24 | $91.7M | $274.2M | ||
| Q2 24 | $83.0M | $301.1M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $254.6M | ||
| Q3 25 | $65.3M | $258.0M | ||
| Q2 25 | $56.9M | $217.5M | ||
| Q1 25 | $-24.8M | $275.6M | ||
| Q4 24 | $116.4M | $275.4M | ||
| Q3 24 | $67.2M | $253.8M | ||
| Q2 24 | $61.0M | $277.9M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 20.8% | ||
| Q3 25 | 9.4% | 21.8% | ||
| Q2 25 | 8.5% | 18.6% | ||
| Q1 25 | -4.0% | 24.3% | ||
| Q4 24 | 17.5% | 23.1% | ||
| Q3 24 | 10.3% | 22.3% | ||
| Q2 24 | 10.1% | 23.7% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.1% | ||
| Q3 25 | 5.7% | 1.7% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 5.2% | 2.0% | ||
| Q4 24 | 8.8% | 1.5% | ||
| Q3 24 | 3.7% | 1.8% | ||
| Q2 24 | 3.6% | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.03× | ||
| Q3 25 | 1.85× | 1.05× | ||
| Q2 25 | 1.34× | 0.95× | ||
| Q1 25 | 0.14× | 1.24× | ||
| Q4 24 | 2.99× | 1.14× | ||
| Q3 24 | 1.71× | 1.09× | ||
| Q2 24 | 1.69× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
