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Side-by-side financial comparison of BELDEN INC. (BDC) and Veralto (VLTO). Click either name above to swap in a different company.
Veralto is the larger business by last-quarter revenue ($1.4B vs $720.1M, roughly 2.0× BELDEN INC.). Veralto runs the higher net margin — 17.9% vs 9.4%, a 8.4% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (8.1% vs 6.8%). Veralto produced more free cash flow last quarter ($170.0M vs $121.3M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (15.9% CAGR vs 6.8%).
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.
Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.
BDC vs VLTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $720.1M | $1.4B |
| Net Profit | $67.9M | $254.0M |
| Gross Margin | 36.6% | 60.1% |
| Operating Margin | 12.2% | 23.8% |
| Net Margin | 9.4% | 17.9% |
| Revenue YoY | 8.1% | 6.8% |
| Net Profit YoY | 16.3% | 12.9% |
| EPS (diluted) | $1.70 | $1.02 |
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 | — | $1.4B | ||
| Q4 25 | $720.1M | $1.4B | ||
| Q3 25 | $698.2M | $1.4B | ||
| Q2 25 | $672.0M | $1.3B | ||
| Q1 25 | $624.9M | — | ||
| Q4 24 | $666.0M | $1.3B | ||
| Q3 24 | $654.9M | $1.3B | ||
| Q2 24 | $604.3M | $1.3B |
| Q1 26 | — | $254.0M | ||
| Q4 25 | $67.9M | $239.0M | ||
| Q3 25 | $56.7M | $222.0M | ||
| Q2 25 | $61.0M | $225.0M | ||
| Q1 25 | $51.9M | — | ||
| Q4 24 | $58.4M | $227.0M | ||
| Q3 24 | $53.7M | $219.0M | ||
| Q2 24 | $49.0M | $203.0M |
| Q1 26 | — | 60.1% | ||
| Q4 25 | 36.6% | 60.1% | ||
| Q3 25 | 37.7% | 60.0% | ||
| Q2 25 | 38.5% | 60.4% | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | 59.6% | ||
| Q3 24 | 37.3% | 59.6% | ||
| Q2 24 | 37.5% | 60.1% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 12.2% | 23.2% | ||
| Q3 25 | 10.9% | 22.8% | ||
| Q2 25 | 11.8% | 24.2% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 10.4% | 22.9% | ||
| Q3 24 | 11.5% | 23.4% | ||
| Q2 24 | 11.4% | 23.2% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 9.4% | 17.0% | ||
| Q3 25 | 8.1% | 16.2% | ||
| Q2 25 | 9.1% | 16.9% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 8.8% | 16.9% | ||
| Q3 24 | 8.2% | 16.7% | ||
| Q2 24 | 8.1% | 15.8% |
| Q1 26 | — | $1.02 | ||
| Q4 25 | $1.70 | $0.95 | ||
| Q3 25 | $1.41 | $0.89 | ||
| Q2 25 | $1.53 | $0.90 | ||
| Q1 25 | $1.27 | — | ||
| Q4 24 | $1.41 | $0.91 | ||
| Q3 24 | $1.30 | $0.88 | ||
| Q2 24 | $1.19 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $389.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | $3.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $389.9M | $1.8B | ||
| Q3 25 | $314.3M | $1.6B | ||
| Q2 25 | $301.5M | $1.2B | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | $1.1B | ||
| Q3 24 | $323.0M | $1.3B | ||
| Q2 24 | $564.8M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.8B | ||
| Q3 25 | $1.2B | $2.7B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $7.4B | ||
| Q3 25 | $3.4B | $7.2B | ||
| Q2 25 | $3.4B | $6.6B | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | $6.4B | ||
| Q3 24 | $3.3B | $6.3B | ||
| Q2 24 | $3.5B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $160.4M | $182.0M |
| Free Cash FlowOCF − Capex | $121.3M | $170.0M |
| FCF MarginFCF / Revenue | 16.8% | 12.0% |
| Capex IntensityCapex / Revenue | 5.4% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.36× | 0.72× |
| TTM Free Cash FlowTrailing 4 quarters | $218.7M | $893.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $182.0M | ||
| Q4 25 | $160.4M | $270.0M | ||
| Q3 25 | $105.0M | $339.0M | ||
| Q2 25 | $82.0M | $157.0M | ||
| Q1 25 | $7.4M | — | ||
| Q4 24 | $174.7M | $285.0M | ||
| Q3 24 | $91.7M | $224.0M | ||
| Q2 24 | $83.0M | $251.0M |
| Q1 26 | — | $170.0M | ||
| Q4 25 | $121.3M | $258.0M | ||
| Q3 25 | $65.3M | $323.0M | ||
| Q2 25 | $56.9M | $142.0M | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | $263.0M | ||
| Q3 24 | $67.2M | $215.0M | ||
| Q2 24 | $61.0M | $240.0M |
| Q1 26 | — | 12.0% | ||
| Q4 25 | 16.8% | 18.4% | ||
| Q3 25 | 9.4% | 23.6% | ||
| Q2 25 | 8.5% | 10.7% | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | 19.6% | ||
| Q3 24 | 10.3% | 16.4% | ||
| Q2 24 | 10.1% | 18.6% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | 5.4% | 0.9% | ||
| Q3 25 | 5.7% | 1.2% | ||
| Q2 25 | 3.7% | 1.1% | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | 1.6% | ||
| Q3 24 | 3.7% | 0.7% | ||
| Q2 24 | 3.6% | 0.9% |
| Q1 26 | — | 0.72× | ||
| Q4 25 | 2.36× | 1.13× | ||
| Q3 25 | 1.85× | 1.53× | ||
| Q2 25 | 1.34× | 0.70× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 1.26× | ||
| Q3 24 | 1.71× | 1.02× | ||
| Q2 24 | 1.69× | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
VLTO
Segment breakdown not available.
