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Side-by-side financial comparison of BELDEN INC. (BDC) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $696.4M, roughly 1.8× BELDEN INC.). Teradyne runs the higher net margin — 31.1% vs 7.3%, a 23.8% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 11.4%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
BDC vs TER — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.3B |
| Net Profit | $51.0M | $398.9M |
| Gross Margin | 37.1% | 60.9% |
| Operating Margin | 11.2% | 36.9% |
| Net Margin | 7.3% | 31.1% |
| Revenue YoY | 11.4% | 87.0% |
| Net Profit YoY | -1.8% | — |
| EPS (diluted) | $1.30 | $2.53 |
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 | $1.3B | ||
| Q4 25 | $720.1M | $1.1B | ||
| Q3 25 | $698.2M | $769.2M | ||
| Q2 25 | $672.0M | $651.8M | ||
| Q1 25 | $624.9M | $685.7M | ||
| Q4 24 | $666.0M | $752.9M | ||
| Q3 24 | $654.9M | $737.3M | ||
| Q2 24 | $604.3M | $729.9M |
| Q1 26 | $51.0M | $398.9M | ||
| Q4 25 | $67.9M | $257.2M | ||
| Q3 25 | $56.7M | $119.6M | ||
| Q2 25 | $61.0M | $78.4M | ||
| Q1 25 | $51.9M | $98.9M | ||
| Q4 24 | $58.4M | $146.3M | ||
| Q3 24 | $53.7M | $145.6M | ||
| Q2 24 | $49.0M | $186.3M |
| Q1 26 | 37.1% | 60.9% | ||
| Q4 25 | 36.6% | 57.2% | ||
| Q3 25 | 37.7% | 58.4% | ||
| Q2 25 | 38.5% | 57.2% | ||
| Q1 25 | 39.3% | 60.6% | ||
| Q4 24 | 37.5% | 59.4% | ||
| Q3 24 | 37.3% | 59.2% | ||
| Q2 24 | 37.5% | 58.3% |
| Q1 26 | 11.2% | 36.9% | ||
| Q4 25 | 12.2% | 27.1% | ||
| Q3 25 | 10.9% | 18.9% | ||
| Q2 25 | 11.8% | 13.9% | ||
| Q1 25 | 11.6% | 17.6% | ||
| Q4 24 | 10.4% | 20.4% | ||
| Q3 24 | 11.5% | 20.6% | ||
| Q2 24 | 11.4% | 28.8% |
| Q1 26 | 7.3% | 31.1% | ||
| Q4 25 | 9.4% | 23.7% | ||
| Q3 25 | 8.1% | 15.5% | ||
| Q2 25 | 9.1% | 12.0% | ||
| Q1 25 | 8.3% | 14.4% | ||
| Q4 24 | 8.8% | 19.4% | ||
| Q3 24 | 8.2% | 19.8% | ||
| Q2 24 | 8.1% | 25.5% |
| Q1 26 | $1.30 | $2.53 | ||
| Q4 25 | $1.70 | $1.62 | ||
| Q3 25 | $1.41 | $0.75 | ||
| Q2 25 | $1.53 | $0.49 | ||
| Q1 25 | $1.27 | $0.61 | ||
| Q4 24 | $1.41 | $0.89 | ||
| Q3 24 | $1.30 | $0.89 | ||
| Q2 24 | $1.19 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $1.3B | $0 |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | — | $4.4B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $241.9M | ||
| Q4 25 | $389.9M | $293.8M | ||
| Q3 25 | $314.3M | $272.7M | ||
| Q2 25 | $301.5M | $339.3M | ||
| Q1 25 | $259.0M | $475.6M | ||
| Q4 24 | $370.3M | $553.4M | ||
| Q3 24 | $323.0M | $510.0M | ||
| Q2 24 | $564.8M | $421.9M |
| Q1 26 | $1.3B | $0 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.8B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.2B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.5B | $4.2B | ||
| Q3 25 | $3.4B | $4.0B | ||
| Q2 25 | $3.4B | $3.8B | ||
| Q1 25 | $3.3B | $3.7B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.5B | $3.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $265.1M |
| Free Cash FlowOCF − Capex | $-63.1M | — |
| FCF MarginFCF / Revenue | -9.1% | — |
| Capex IntensityCapex / Revenue | 6.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $160.4M | $281.6M | ||
| Q3 25 | $105.0M | $49.0M | ||
| Q2 25 | $82.0M | $182.1M | ||
| Q1 25 | $7.4M | $161.6M | ||
| Q4 24 | $174.7M | $282.6M | ||
| Q3 24 | $91.7M | $166.3M | ||
| Q2 24 | $83.0M | $216.1M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $218.8M | ||
| Q3 25 | $65.3M | $2.4M | ||
| Q2 25 | $56.9M | $131.7M | ||
| Q1 25 | $-24.8M | $97.6M | ||
| Q4 24 | $116.4M | $225.2M | ||
| Q3 24 | $67.2M | $114.4M | ||
| Q2 24 | $61.0M | $171.2M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 20.2% | ||
| Q3 25 | 9.4% | 0.3% | ||
| Q2 25 | 8.5% | 20.2% | ||
| Q1 25 | -4.0% | 14.2% | ||
| Q4 24 | 17.5% | 29.9% | ||
| Q3 24 | 10.3% | 15.5% | ||
| Q2 24 | 10.1% | 23.5% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 5.8% | ||
| Q3 25 | 5.7% | 6.1% | ||
| Q2 25 | 3.7% | 7.7% | ||
| Q1 25 | 5.2% | 9.3% | ||
| Q4 24 | 8.8% | 7.6% | ||
| Q3 24 | 3.7% | 7.0% | ||
| Q2 24 | 3.6% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 2.36× | 1.09× | ||
| Q3 25 | 1.85× | 0.41× | ||
| Q2 25 | 1.34× | 2.32× | ||
| Q1 25 | 0.14× | 1.63× | ||
| Q4 24 | 2.99× | 1.93× | ||
| Q3 24 | 1.71× | 1.14× | ||
| Q2 24 | 1.69× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
