vs
Side-by-side financial comparison of BELDEN INC. (BDC) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
Virtu Financial, Inc. is the larger business by last-quarter revenue ($1.1B vs $696.4M, roughly 1.6× BELDEN INC.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs 7.3%, a 24.3% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 11.4%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
BDC vs VIRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.1B |
| Net Profit | $51.0M | $346.6M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | 37.4% |
| Net Margin | 7.3% | 31.6% |
| Revenue YoY | 11.4% | 30.7% |
| Net Profit YoY | -1.8% | 82.8% |
| EPS (diluted) | $1.30 | $1.99 |
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 | $1.1B | ||
| Q4 25 | $720.1M | $969.9M | ||
| Q3 25 | $698.2M | $824.8M | ||
| Q2 25 | $672.0M | $999.6M | ||
| Q1 25 | $624.9M | $837.9M | ||
| Q4 24 | $666.0M | $834.3M | ||
| Q3 24 | $654.9M | $706.8M | ||
| Q2 24 | $604.3M | $693.0M |
| Q1 26 | $51.0M | $346.6M | ||
| Q4 25 | $67.9M | $139.9M | ||
| Q3 25 | $56.7M | $77.6M | ||
| Q2 25 | $61.0M | $151.2M | ||
| Q1 25 | $51.9M | $99.7M | ||
| Q4 24 | $58.4M | $94.1M | ||
| Q3 24 | $53.7M | $60.0M | ||
| Q2 24 | $49.0M | $66.6M |
| 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% | 37.4% | ||
| Q4 25 | 12.2% | 35.4% | ||
| Q3 25 | 10.9% | 21.8% | ||
| Q2 25 | 11.8% | 34.7% | ||
| Q1 25 | 11.6% | 26.7% | ||
| Q4 24 | 10.4% | 24.3% | ||
| Q3 24 | 11.5% | 20.8% | ||
| Q2 24 | 11.4% | 22.4% |
| Q1 26 | 7.3% | 31.6% | ||
| Q4 25 | 9.4% | 14.4% | ||
| Q3 25 | 8.1% | 9.4% | ||
| Q2 25 | 9.1% | 15.1% | ||
| Q1 25 | 8.3% | 11.9% | ||
| Q4 24 | 8.8% | 11.3% | ||
| Q3 24 | 8.2% | 8.5% | ||
| Q2 24 | 8.1% | 9.6% |
| Q1 26 | $1.30 | $1.99 | ||
| Q4 25 | $1.70 | $1.54 | ||
| Q3 25 | $1.41 | $0.86 | ||
| Q2 25 | $1.53 | $1.65 | ||
| Q1 25 | $1.27 | $1.08 | ||
| Q4 24 | $1.41 | $1.03 | ||
| Q3 24 | $1.30 | $0.64 | ||
| Q2 24 | $1.19 | $0.71 |
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 | $973.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $2.2B |
| Total Assets | — | $25.1B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $973.2M | ||
| Q4 25 | $389.9M | $1.1B | ||
| Q3 25 | $314.3M | $707.9M | ||
| Q2 25 | $301.5M | $752.1M | ||
| Q1 25 | $259.0M | $723.6M | ||
| Q4 24 | $370.3M | $872.5M | ||
| Q3 24 | $323.0M | $701.4M | ||
| Q2 24 | $564.8M | $684.8M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $1.3B | $2.2B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $3.5B | $20.2B | ||
| Q3 25 | $3.4B | $21.3B | ||
| Q2 25 | $3.4B | $19.3B | ||
| Q1 25 | $3.3B | $17.5B | ||
| Q4 24 | $3.3B | $15.4B | ||
| Q3 24 | $3.3B | $14.4B | ||
| Q2 24 | $3.5B | $13.9B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
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 | — | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $518.4M | ||
| Q3 25 | $105.0M | $-68.7M | ||
| Q2 25 | $82.0M | $62.8M | ||
| Q1 25 | $7.4M | $15.0M | ||
| Q4 24 | $174.7M | $599.0M | ||
| Q3 24 | $91.7M | $112.1M | ||
| Q2 24 | $83.0M | $490.8M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $495.6M | ||
| Q3 25 | $65.3M | $-76.7M | ||
| Q2 25 | $56.9M | $57.6M | ||
| Q1 25 | $-24.8M | $9.2M | ||
| Q4 24 | $116.4M | $586.6M | ||
| Q3 24 | $67.2M | $106.2M | ||
| Q2 24 | $61.0M | $486.9M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 51.1% | ||
| Q3 25 | 9.4% | -9.3% | ||
| Q2 25 | 8.5% | 5.8% | ||
| Q1 25 | -4.0% | 1.1% | ||
| Q4 24 | 17.5% | 70.3% | ||
| Q3 24 | 10.3% | 15.0% | ||
| Q2 24 | 10.1% | 70.3% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 2.4% | ||
| Q3 25 | 5.7% | 1.0% | ||
| Q2 25 | 3.7% | 0.5% | ||
| Q1 25 | 5.2% | 0.7% | ||
| Q4 24 | 8.8% | 1.5% | ||
| Q3 24 | 3.7% | 0.8% | ||
| Q2 24 | 3.6% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 3.71× | ||
| Q3 25 | 1.85× | -0.89× | ||
| Q2 25 | 1.34× | 0.42× | ||
| Q1 25 | 0.14× | 0.15× | ||
| Q4 24 | 2.99× | 6.37× | ||
| Q3 24 | 1.71× | 1.87× | ||
| Q2 24 | 1.69× | 7.37× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
