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Side-by-side financial comparison of BELDEN INC. (BDC) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.

BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $661.7M, roughly 1.1× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 7.3%, a 26.8% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

BDC vs SSB — Head-to-Head

Bigger by revenue
BDC
BDC
1.1× larger
BDC
$696.4M
$661.7M
SSB
Higher net margin
SSB
SSB
26.8% more per $
SSB
34.1%
7.3%
BDC
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
7.3%
BDC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BDC
BDC
SSB
SSB
Revenue
$696.4M
$661.7M
Net Profit
$51.0M
$225.8M
Gross Margin
37.1%
Operating Margin
11.2%
15.1%
Net Margin
7.3%
34.1%
Revenue YoY
11.4%
Net Profit YoY
-1.8%
153.5%
EPS (diluted)
$1.30
$2.28

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.

Revenue
BDC
BDC
SSB
SSB
Q1 26
$696.4M
$661.7M
Q4 25
$720.1M
$581.1M
Q3 25
$698.2M
$599.7M
Q2 25
$672.0M
$577.9M
Q1 25
$624.9M
$544.5M
Q4 24
$666.0M
$369.8M
Q3 24
$654.9M
$351.5M
Q2 24
$604.3M
$350.3M
Net Profit
BDC
BDC
SSB
SSB
Q1 26
$51.0M
$225.8M
Q4 25
$67.9M
$247.7M
Q3 25
$56.7M
$246.6M
Q2 25
$61.0M
$215.2M
Q1 25
$51.9M
$89.1M
Q4 24
$58.4M
$144.2M
Q3 24
$53.7M
$143.2M
Q2 24
$49.0M
$132.4M
Gross Margin
BDC
BDC
SSB
SSB
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%
Operating Margin
BDC
BDC
SSB
SSB
Q1 26
11.2%
15.1%
Q4 25
12.2%
54.3%
Q3 25
10.9%
53.6%
Q2 25
11.8%
48.8%
Q1 25
11.6%
22.3%
Q4 24
10.4%
50.7%
Q3 24
11.5%
53.1%
Q2 24
11.4%
49.3%
Net Margin
BDC
BDC
SSB
SSB
Q1 26
7.3%
34.1%
Q4 25
9.4%
42.6%
Q3 25
8.1%
41.1%
Q2 25
9.1%
37.2%
Q1 25
8.3%
16.4%
Q4 24
8.8%
39.0%
Q3 24
8.2%
40.7%
Q2 24
8.1%
37.8%
EPS (diluted)
BDC
BDC
SSB
SSB
Q1 26
$1.30
$2.28
Q4 25
$1.70
$2.47
Q3 25
$1.41
$2.42
Q2 25
$1.53
$2.11
Q1 25
$1.27
$0.87
Q4 24
$1.41
$1.88
Q3 24
$1.30
$1.86
Q2 24
$1.19
$1.73

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDC
BDC
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$272.2M
$2.9B
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$1.3B
$9.0B
Total Assets
$68.0B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
SSB
SSB
Q1 26
$272.2M
$2.9B
Q4 25
$389.9M
Q3 25
$314.3M
Q2 25
$301.5M
Q1 25
$259.0M
Q4 24
$370.3M
Q3 24
$323.0M
Q2 24
$564.8M
Total Debt
BDC
BDC
SSB
SSB
Q1 26
$1.3B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BDC
BDC
SSB
SSB
Q1 26
$1.3B
$9.0B
Q4 25
$1.3B
$9.1B
Q3 25
$1.2B
$9.0B
Q2 25
$1.2B
$8.8B
Q1 25
$1.2B
$8.6B
Q4 24
$1.3B
$5.9B
Q3 24
$1.2B
$5.9B
Q2 24
$1.2B
$5.7B
Total Assets
BDC
BDC
SSB
SSB
Q1 26
$68.0B
Q4 25
$3.5B
$67.2B
Q3 25
$3.4B
$66.0B
Q2 25
$3.4B
$65.9B
Q1 25
$3.3B
$65.1B
Q4 24
$3.3B
$46.4B
Q3 24
$3.3B
$46.1B
Q2 24
$3.5B
$45.5B
Debt / Equity
BDC
BDC
SSB
SSB
Q1 26
0.98×
Q4 25
Q3 25
Q2 25
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
BDC
BDC
SSB
SSB
Operating Cash FlowLast quarter
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.

Operating Cash Flow
BDC
BDC
SSB
SSB
Q1 26
Q4 25
$160.4M
$232.1M
Q3 25
$105.0M
$122.4M
Q2 25
$82.0M
$72.6M
Q1 25
$7.4M
$-126.3M
Q4 24
$174.7M
$354.3M
Q3 24
$91.7M
$-246.8M
Q2 24
$83.0M
$126.8M
Free Cash Flow
BDC
BDC
SSB
SSB
Q1 26
$-63.1M
Q4 25
$121.3M
$215.5M
Q3 25
$65.3M
$101.7M
Q2 25
$56.9M
$52.5M
Q1 25
$-24.8M
$-139.1M
Q4 24
$116.4M
$340.9M
Q3 24
$67.2M
$-254.2M
Q2 24
$61.0M
$117.3M
FCF Margin
BDC
BDC
SSB
SSB
Q1 26
-9.1%
Q4 25
16.8%
37.1%
Q3 25
9.4%
17.0%
Q2 25
8.5%
9.1%
Q1 25
-4.0%
-25.5%
Q4 24
17.5%
92.2%
Q3 24
10.3%
-72.3%
Q2 24
10.1%
33.5%
Capex Intensity
BDC
BDC
SSB
SSB
Q1 26
6.4%
Q4 25
5.4%
2.9%
Q3 25
5.7%
3.5%
Q2 25
3.7%
3.5%
Q1 25
5.2%
2.4%
Q4 24
8.8%
3.6%
Q3 24
3.7%
2.1%
Q2 24
3.6%
2.7%
Cash Conversion
BDC
BDC
SSB
SSB
Q1 26
Q4 25
2.36×
0.94×
Q3 25
1.85×
0.50×
Q2 25
1.34×
0.34×
Q1 25
0.14×
-1.42×
Q4 24
2.99×
2.46×
Q3 24
1.71×
-1.72×
Q2 24
1.69×
0.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BDC
BDC

Segment breakdown not available.

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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