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Side-by-side financial comparison of BELDEN INC. (BDC) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $696.4M, roughly 1.2× BELDEN INC.). Trade Desk (The) runs the higher net margin — 22.1% vs 7.3%, a 14.7% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 11.4%). Trade Desk (The) produced more free cash flow last quarter ($285.3M vs $-63.1M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
BDC vs TTD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $846.8M |
| Net Profit | $51.0M | $186.9M |
| Gross Margin | 37.1% | 80.7% |
| Operating Margin | 11.2% | 30.3% |
| Net Margin | 7.3% | 22.1% |
| Revenue YoY | 11.4% | 14.3% |
| Net Profit YoY | -1.8% | 2.6% |
| EPS (diluted) | $1.30 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $698.2M | $739.4M | ||
| Q2 25 | $672.0M | $694.0M | ||
| Q1 25 | $624.9M | $616.0M | ||
| Q4 24 | $666.0M | $741.0M | ||
| Q3 24 | $654.9M | $628.0M | ||
| Q2 24 | $604.3M | $584.5M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $186.9M | ||
| Q3 25 | $56.7M | $115.5M | ||
| Q2 25 | $61.0M | $90.1M | ||
| Q1 25 | $51.9M | $50.7M | ||
| Q4 24 | $58.4M | $182.2M | ||
| Q3 24 | $53.7M | $94.2M | ||
| Q2 24 | $49.0M | $85.0M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 80.7% | ||
| Q3 25 | 37.7% | 78.1% | ||
| Q2 25 | 38.5% | 78.2% | ||
| Q1 25 | 39.3% | 76.8% | ||
| Q4 24 | 37.5% | 81.7% | ||
| Q3 24 | 37.3% | 80.5% | ||
| Q2 24 | 37.5% | 81.1% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 30.3% | ||
| Q3 25 | 10.9% | 21.8% | ||
| Q2 25 | 11.8% | 16.8% | ||
| Q1 25 | 11.6% | 8.8% | ||
| Q4 24 | 10.4% | 26.4% | ||
| Q3 24 | 11.5% | 17.3% | ||
| Q2 24 | 11.4% | 16.2% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 22.1% | ||
| Q3 25 | 8.1% | 15.6% | ||
| Q2 25 | 9.1% | 13.0% | ||
| Q1 25 | 8.3% | 8.2% | ||
| Q4 24 | 8.8% | 24.6% | ||
| Q3 24 | 8.2% | 15.0% | ||
| Q2 24 | 8.1% | 14.5% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $0.39 | ||
| Q3 25 | $1.41 | $0.23 | ||
| Q2 25 | $1.53 | $0.18 | ||
| Q1 25 | $1.27 | $0.10 | ||
| Q4 24 | $1.41 | $0.36 | ||
| Q3 24 | $1.30 | $0.19 | ||
| Q2 24 | $1.19 | $0.17 |
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 | $1.3B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $2.5B |
| Total Assets | — | $6.2B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $1.3B | ||
| Q3 25 | $314.3M | $1.4B | ||
| Q2 25 | $301.5M | $1.7B | ||
| Q1 25 | $259.0M | $1.7B | ||
| Q4 24 | $370.3M | $1.9B | ||
| Q3 24 | $323.0M | $1.7B | ||
| Q2 24 | $564.8M | $1.5B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.2B | $2.6B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $1.2B | $2.7B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.2B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $6.2B | ||
| Q3 25 | $3.4B | $5.9B | ||
| Q2 25 | $3.4B | $6.0B | ||
| Q1 25 | $3.3B | $5.7B | ||
| Q4 24 | $3.3B | $6.1B | ||
| Q3 24 | $3.3B | $5.5B | ||
| Q2 24 | $3.5B | $5.2B |
| 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 | — | $311.6M |
| Free Cash FlowOCF − Capex | $-63.1M | $285.3M |
| FCF MarginFCF / Revenue | -9.1% | 33.7% |
| Capex IntensityCapex / Revenue | 6.4% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $311.6M | ||
| Q3 25 | $105.0M | $224.7M | ||
| Q2 25 | $82.0M | $165.0M | ||
| Q1 25 | $7.4M | $291.4M | ||
| Q4 24 | $174.7M | $199.4M | ||
| Q3 24 | $91.7M | $273.3M | ||
| Q2 24 | $83.0M | $81.3M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $285.3M | ||
| Q3 25 | $65.3M | $158.3M | ||
| Q2 25 | $56.9M | $119.8M | ||
| Q1 25 | $-24.8M | $232.3M | ||
| Q4 24 | $116.4M | $179.2M | ||
| Q3 24 | $67.2M | $224.6M | ||
| Q2 24 | $61.0M | $59.1M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 33.7% | ||
| Q3 25 | 9.4% | 21.4% | ||
| Q2 25 | 8.5% | 17.3% | ||
| Q1 25 | -4.0% | 37.7% | ||
| Q4 24 | 17.5% | 24.2% | ||
| Q3 24 | 10.3% | 35.8% | ||
| Q2 24 | 10.1% | 10.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 3.1% | ||
| Q3 25 | 5.7% | 9.0% | ||
| Q2 25 | 3.7% | 6.5% | ||
| Q1 25 | 5.2% | 9.6% | ||
| Q4 24 | 8.8% | 2.7% | ||
| Q3 24 | 3.7% | 7.8% | ||
| Q2 24 | 3.6% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 1.67× | ||
| Q3 25 | 1.85× | 1.94× | ||
| Q2 25 | 1.34× | 1.83× | ||
| Q1 25 | 0.14× | 5.75× | ||
| Q4 24 | 2.99× | 1.09× | ||
| Q3 24 | 1.71× | 2.90× | ||
| Q2 24 | 1.69× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
