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Side-by-side financial comparison of BELDEN INC. (BDC) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $367.6M, roughly 1.9× EXPRO GROUP HOLDINGS N.V.). On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -6.0%). EXPRO GROUP HOLDINGS N.V. produced more free cash flow last quarter ($23.2M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs -11.5%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
BDC vs XPRO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $367.6M |
| Net Profit | $51.0M | — |
| Gross Margin | 37.1% | 6.7% |
| Operating Margin | 11.2% | 0.0% |
| Net Margin | 7.3% | — |
| Revenue YoY | 11.4% | -6.0% |
| Net Profit YoY | -1.8% | — |
| EPS (diluted) | $1.30 | $0.05 |
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 | $367.6M | ||
| Q4 25 | $720.1M | $382.1M | ||
| Q3 25 | $698.2M | $411.4M | ||
| Q2 25 | $672.0M | $422.7M | ||
| Q1 25 | $624.9M | $390.9M | ||
| Q4 24 | $666.0M | $436.8M | ||
| Q3 24 | $654.9M | $422.8M | ||
| Q2 24 | $604.3M | $469.6M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $5.8M | ||
| Q3 25 | $56.7M | $14.0M | ||
| Q2 25 | $61.0M | $18.0M | ||
| Q1 25 | $51.9M | $13.9M | ||
| Q4 24 | $58.4M | $23.0M | ||
| Q3 24 | $53.7M | $16.3M | ||
| Q2 24 | $49.0M | $15.3M |
| Q1 26 | 37.1% | 6.7% | ||
| 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% | 0.0% | ||
| Q4 25 | 12.2% | 3.1% | ||
| Q3 25 | 10.9% | 6.4% | ||
| Q2 25 | 11.8% | 7.7% | ||
| Q1 25 | 11.6% | 2.6% | ||
| Q4 24 | 10.4% | 7.3% | ||
| Q3 24 | 11.5% | 6.2% | ||
| Q2 24 | 11.4% | 5.9% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 1.5% | ||
| Q3 25 | 8.1% | 3.4% | ||
| Q2 25 | 9.1% | 4.3% | ||
| Q1 25 | 8.3% | 3.6% | ||
| Q4 24 | 8.8% | 5.3% | ||
| Q3 24 | 8.2% | 3.8% | ||
| Q2 24 | 8.1% | 3.3% |
| Q1 26 | $1.30 | $0.05 | ||
| Q4 25 | $1.70 | $0.05 | ||
| Q3 25 | $1.41 | $0.12 | ||
| Q2 25 | $1.53 | $0.16 | ||
| Q1 25 | $1.27 | $0.12 | ||
| Q4 24 | $1.41 | $0.20 | ||
| Q3 24 | $1.30 | $0.14 | ||
| Q2 24 | $1.19 | $0.13 |
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 | $170.7M |
| Total DebtLower is stronger | $1.3B | $79.1M |
| Stockholders' EquityBook value | $1.3B | $1.5B |
| Total Assets | — | $2.2B |
| Debt / EquityLower = less leverage | 0.98× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | $170.7M | ||
| Q4 25 | $389.9M | $196.1M | ||
| Q3 25 | $314.3M | $197.9M | ||
| Q2 25 | $301.5M | $206.8M | ||
| Q1 25 | $259.0M | $179.3M | ||
| Q4 24 | $370.3M | $183.0M | ||
| Q3 24 | $323.0M | $165.7M | ||
| Q2 24 | $564.8M | $133.5M |
| Q1 26 | $1.3B | $79.1M | ||
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
| Q1 26 | $1.3B | $1.5B | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $3.5B | $2.3B | ||
| Q3 25 | $3.4B | $2.3B | ||
| Q2 25 | $3.4B | $2.3B | ||
| Q1 25 | $3.3B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.5B | $2.3B |
| Q1 26 | 0.98× | 0.05× | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | — | $25.3M |
| Free Cash FlowOCF − Capex | $-63.1M | $23.2M |
| FCF MarginFCF / Revenue | -9.1% | 6.3% |
| Capex IntensityCapex / Revenue | 6.4% | 1.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $112.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.3M | ||
| Q4 25 | $160.4M | $57.1M | ||
| Q3 25 | $105.0M | $63.2M | ||
| Q2 25 | $82.0M | $48.4M | ||
| Q1 25 | $7.4M | $41.5M | ||
| Q4 24 | $174.7M | $97.4M | ||
| Q3 24 | $91.7M | $55.3M | ||
| Q2 24 | $83.0M | $-13.2M |
| Q1 26 | $-63.1M | $23.2M | ||
| Q4 25 | $121.3M | $23.2M | ||
| Q3 25 | $65.3M | $39.0M | ||
| Q2 25 | $56.9M | $27.2M | ||
| Q1 25 | $-24.8M | $8.4M | ||
| Q4 24 | $116.4M | $53.0M | ||
| Q3 24 | $67.2M | $23.3M | ||
| Q2 24 | $61.0M | $-49.5M |
| Q1 26 | -9.1% | 6.3% | ||
| Q4 25 | 16.8% | 6.1% | ||
| Q3 25 | 9.4% | 9.5% | ||
| Q2 25 | 8.5% | 6.4% | ||
| Q1 25 | -4.0% | 2.1% | ||
| Q4 24 | 17.5% | 12.1% | ||
| Q3 24 | 10.3% | 5.5% | ||
| Q2 24 | 10.1% | -10.5% |
| Q1 26 | 6.4% | 1.2% | ||
| Q4 25 | 5.4% | 8.9% | ||
| Q3 25 | 5.7% | 5.9% | ||
| Q2 25 | 3.7% | 5.0% | ||
| Q1 25 | 5.2% | 8.5% | ||
| Q4 24 | 8.8% | 10.2% | ||
| Q3 24 | 3.7% | 7.6% | ||
| Q2 24 | 3.6% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 9.89× | ||
| Q3 25 | 1.85× | 4.52× | ||
| Q2 25 | 1.34× | 2.69× | ||
| Q1 25 | 0.14× | 2.98× | ||
| Q4 24 | 2.99× | 4.23× | ||
| Q3 24 | 1.71× | 3.40× | ||
| Q2 24 | 1.69× | -0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
