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Side-by-side financial comparison of BELDEN INC. (BDC) and Under Armour, Inc. (UAA). Click either name above to swap in a different company.
Under Armour, Inc. is the larger business by last-quarter revenue ($1.3B vs $696.4M, roughly 1.9× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs -32.4%, a 39.8% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -5.2%). Under Armour, Inc. produced more free cash flow last quarter ($261.9M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -0.2%).
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.
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, United States.
BDC vs UAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.3B |
| Net Profit | $51.0M | $-430.8M |
| Gross Margin | 37.1% | 44.4% |
| Operating Margin | 11.2% | -11.3% |
| Net Margin | 7.3% | -32.4% |
| Revenue YoY | 11.4% | -5.2% |
| Net Profit YoY | -1.8% | -35013.0% |
| EPS (diluted) | $1.30 | $-1.01 |
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 | — | ||
| Q4 25 | $720.1M | $1.3B | ||
| Q3 25 | $698.2M | $1.3B | ||
| Q2 25 | $672.0M | $1.1B | ||
| Q1 25 | $624.9M | $1.2B | ||
| Q4 24 | $666.0M | $1.4B | ||
| Q3 24 | $654.9M | $1.4B | ||
| Q2 24 | $604.3M | $1.2B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $-430.8M | ||
| Q3 25 | $56.7M | $-18.8M | ||
| Q2 25 | $61.0M | $-2.6M | ||
| Q1 25 | $51.9M | $-67.5M | ||
| Q4 24 | $58.4M | $1.2M | ||
| Q3 24 | $53.7M | $170.4M | ||
| Q2 24 | $49.0M | $-305.4M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | 44.4% | ||
| Q3 25 | 37.7% | 47.3% | ||
| Q2 25 | 38.5% | 48.2% | ||
| Q1 25 | 39.3% | 46.7% | ||
| Q4 24 | 37.5% | 47.5% | ||
| Q3 24 | 37.3% | 49.8% | ||
| Q2 24 | 37.5% | 47.5% |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | -11.3% | ||
| Q3 25 | 10.9% | 1.3% | ||
| Q2 25 | 11.8% | 0.3% | ||
| Q1 25 | 11.6% | -6.1% | ||
| Q4 24 | 10.4% | 1.0% | ||
| Q3 24 | 11.5% | 12.4% | ||
| Q2 24 | 11.4% | -25.3% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | -32.4% | ||
| Q3 25 | 8.1% | -1.4% | ||
| Q2 25 | 9.1% | -0.2% | ||
| Q1 25 | 8.3% | -5.7% | ||
| Q4 24 | 8.8% | 0.1% | ||
| Q3 24 | 8.2% | 12.2% | ||
| Q2 24 | 8.1% | -25.8% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $-1.01 | ||
| Q3 25 | $1.41 | $-0.04 | ||
| Q2 25 | $1.53 | $-0.01 | ||
| Q1 25 | $1.27 | $-0.16 | ||
| Q4 24 | $1.41 | $0.00 | ||
| Q3 24 | $1.30 | $0.39 | ||
| Q2 24 | $1.19 | $-0.70 |
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 | $464.6M |
| Total DebtLower is stronger | $1.3B | $989.7M |
| Stockholders' EquityBook value | $1.3B | $1.4B |
| Total Assets | — | $4.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $464.6M | ||
| Q3 25 | $314.3M | $396.0M | ||
| Q2 25 | $301.5M | $911.0M | ||
| Q1 25 | $259.0M | $501.4M | ||
| Q4 24 | $370.3M | $726.9M | ||
| Q3 24 | $323.0M | $530.7M | ||
| Q2 24 | $564.8M | $884.6M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $989.7M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $989.2M | ||
| Q1 25 | — | $595.1M | ||
| Q4 24 | — | $595.2M | ||
| Q3 24 | — | $594.6M | ||
| Q2 24 | — | $595.4M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $4.6B | ||
| Q3 25 | $3.4B | $4.9B | ||
| Q2 25 | $3.4B | $4.9B | ||
| Q1 25 | $3.3B | $4.3B | ||
| Q4 24 | $3.3B | $4.6B | ||
| Q3 24 | $3.3B | $4.5B | ||
| Q2 24 | $3.5B | $4.9B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.33× |
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 | — | $278.1M |
| Free Cash FlowOCF − Capex | $-63.1M | $261.9M |
| FCF MarginFCF / Revenue | -9.1% | 19.7% |
| Capex IntensityCapex / Revenue | 6.4% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $-45.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $278.1M | ||
| Q3 25 | $105.0M | $-69.8M | ||
| Q2 25 | $82.0M | $48.9M | ||
| Q1 25 | $7.4M | $-202.2M | ||
| Q4 24 | $174.7M | $311.3M | ||
| Q3 24 | $91.7M | $-321.4M | ||
| Q2 24 | $83.0M | $153.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $261.9M | ||
| Q3 25 | $65.3M | $-90.3M | ||
| Q2 25 | $56.9M | $13.5M | ||
| Q1 25 | $-24.8M | $-231.0M | ||
| Q4 24 | $116.4M | $262.9M | ||
| Q3 24 | $67.2M | $-367.2M | ||
| Q2 24 | $61.0M | $107.3M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 19.7% | ||
| Q3 25 | 9.4% | -6.8% | ||
| Q2 25 | 8.5% | 1.2% | ||
| Q1 25 | -4.0% | -19.6% | ||
| Q4 24 | 17.5% | 18.8% | ||
| Q3 24 | 10.3% | -26.2% | ||
| Q2 24 | 10.1% | 9.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.2% | ||
| Q3 25 | 5.7% | 1.5% | ||
| Q2 25 | 3.7% | 3.1% | ||
| Q1 25 | 5.2% | 2.4% | ||
| Q4 24 | 8.8% | 3.5% | ||
| Q3 24 | 3.7% | 3.3% | ||
| Q2 24 | 3.6% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 252.26× | ||
| Q3 24 | 1.71× | -1.89× | ||
| Q2 24 | 1.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 2% |
