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Side-by-side financial comparison of BELDEN INC. (BDC) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.

BELDEN INC. is the larger business by last-quarter revenue ($696.4M vs $394.6M, roughly 1.8× Zeta Global Holdings Corp.). BELDEN INC. runs the higher net margin — 7.3% vs 1.7%, a 5.7% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs 11.4%). Zeta Global Holdings Corp. produced more free cash flow last quarter ($60.9M vs $-63.1M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% 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.

Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.

BDC vs ZETA — Head-to-Head

Bigger by revenue
BDC
BDC
1.8× larger
BDC
$696.4M
$394.6M
ZETA
Growing faster (revenue YoY)
ZETA
ZETA
+14.0% gap
ZETA
25.4%
11.4%
BDC
Higher net margin
BDC
BDC
5.7% more per $
BDC
7.3%
1.7%
ZETA
More free cash flow
ZETA
ZETA
$123.9M more FCF
ZETA
$60.9M
$-63.1M
BDC
Faster 2-yr revenue CAGR
ZETA
ZETA
Annualised
ZETA
42.3%
7.3%
BDC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BDC
BDC
ZETA
ZETA
Revenue
$696.4M
$394.6M
Net Profit
$51.0M
$6.5M
Gross Margin
37.1%
59.5%
Operating Margin
11.2%
4.5%
Net Margin
7.3%
1.7%
Revenue YoY
11.4%
25.4%
Net Profit YoY
-1.8%
-57.1%
EPS (diluted)
$1.30
$0.04

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.

Revenue
BDC
BDC
ZETA
ZETA
Q1 26
$696.4M
Q4 25
$720.1M
$394.6M
Q3 25
$698.2M
$337.2M
Q2 25
$672.0M
$308.4M
Q1 25
$624.9M
$264.4M
Q4 24
$666.0M
$314.7M
Q3 24
$654.9M
$268.3M
Q2 24
$604.3M
$227.8M
Net Profit
BDC
BDC
ZETA
ZETA
Q1 26
$51.0M
Q4 25
$67.9M
$6.5M
Q3 25
$56.7M
$-3.6M
Q2 25
$61.0M
$-12.8M
Q1 25
$51.9M
$-21.6M
Q4 24
$58.4M
$15.2M
Q3 24
$53.7M
$-17.4M
Q2 24
$49.0M
$-28.1M
Gross Margin
BDC
BDC
ZETA
ZETA
Q1 26
37.1%
Q4 25
36.6%
59.5%
Q3 25
37.7%
60.5%
Q2 25
38.5%
62.1%
Q1 25
39.3%
60.9%
Q4 24
37.5%
60.0%
Q3 24
37.3%
60.6%
Q2 24
37.5%
60.0%
Operating Margin
BDC
BDC
ZETA
ZETA
Q1 26
11.2%
Q4 25
12.2%
4.5%
Q3 25
10.9%
2.6%
Q2 25
11.8%
-1.7%
Q1 25
11.6%
-6.1%
Q4 24
10.4%
2.2%
Q3 24
11.5%
-4.6%
Q2 24
11.4%
-11.7%
Net Margin
BDC
BDC
ZETA
ZETA
Q1 26
7.3%
Q4 25
9.4%
1.7%
Q3 25
8.1%
-1.1%
Q2 25
9.1%
-4.2%
Q1 25
8.3%
-8.2%
Q4 24
8.8%
4.8%
Q3 24
8.2%
-6.5%
Q2 24
8.1%
-12.3%
EPS (diluted)
BDC
BDC
ZETA
ZETA
Q1 26
$1.30
Q4 25
$1.70
$0.04
Q3 25
$1.41
$-0.02
Q2 25
$1.53
$-0.06
Q1 25
$1.27
$-0.10
Q4 24
$1.41
$0.10
Q3 24
$1.30
$-0.09
Q2 24
$1.19
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BDC
BDC
ZETA
ZETA
Cash + ST InvestmentsLiquidity on hand
$272.2M
$319.8M
Total DebtLower is stronger
$1.3B
$197.1M
Stockholders' EquityBook value
$1.3B
$804.6M
Total Assets
$1.5B
Debt / EquityLower = less leverage
0.98×
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BDC
BDC
ZETA
ZETA
Q1 26
$272.2M
Q4 25
$389.9M
$319.8M
Q3 25
$314.3M
$385.2M
Q2 25
$301.5M
$365.3M
Q1 25
$259.0M
$364.4M
Q4 24
$370.3M
$366.2M
Q3 24
$323.0M
$418.5M
Q2 24
$564.8M
$154.7M
Total Debt
BDC
BDC
ZETA
ZETA
Q1 26
$1.3B
Q4 25
$197.1M
Q3 25
$196.9M
Q2 25
$196.7M
Q1 25
$196.5M
Q4 24
$196.3M
Q3 24
$196.1M
Q2 24
$184.4M
Stockholders' Equity
BDC
BDC
ZETA
ZETA
Q1 26
$1.3B
Q4 25
$1.3B
$804.6M
Q3 25
$1.2B
$689.2M
Q2 25
$1.2B
$673.3M
Q1 25
$1.2B
$676.6M
Q4 24
$1.3B
$676.8M
Q3 24
$1.2B
$474.9M
Q2 24
$1.2B
$217.0M
Total Assets
BDC
BDC
ZETA
ZETA
Q1 26
Q4 25
$3.5B
$1.5B
Q3 25
$3.4B
$1.2B
Q2 25
$3.4B
$1.1B
Q1 25
$3.3B
$1.1B
Q4 24
$3.3B
$1.1B
Q3 24
$3.3B
$869.1M
Q2 24
$3.5B
$583.9M
Debt / Equity
BDC
BDC
ZETA
ZETA
Q1 26
0.98×
Q4 25
0.24×
Q3 25
0.29×
Q2 25
0.29×
Q1 25
0.29×
Q4 24
0.29×
Q3 24
0.41×
Q2 24
0.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BDC
BDC
ZETA
ZETA
Operating Cash FlowLast quarter
$64.1M
Free Cash FlowOCF − Capex
$-63.1M
$60.9M
FCF MarginFCF / Revenue
-9.1%
15.4%
Capex IntensityCapex / Revenue
6.4%
0.8%
Cash ConversionOCF / Net Profit
9.81×
TTM Free Cash FlowTrailing 4 quarters
$180.4M
$185.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BDC
BDC
ZETA
ZETA
Q1 26
Q4 25
$160.4M
$64.1M
Q3 25
$105.0M
$57.9M
Q2 25
$82.0M
$42.0M
Q1 25
$7.4M
$34.8M
Q4 24
$174.7M
$43.7M
Q3 24
$91.7M
$34.4M
Q2 24
$83.0M
$31.1M
Free Cash Flow
BDC
BDC
ZETA
ZETA
Q1 26
$-63.1M
Q4 25
$121.3M
$60.9M
Q3 25
$65.3M
$52.4M
Q2 25
$56.9M
$39.7M
Q1 25
$-24.8M
$32.1M
Q4 24
$116.4M
$35.4M
Q3 24
$67.2M
$29.5M
Q2 24
$61.0M
$24.4M
FCF Margin
BDC
BDC
ZETA
ZETA
Q1 26
-9.1%
Q4 25
16.8%
15.4%
Q3 25
9.4%
15.6%
Q2 25
8.5%
12.9%
Q1 25
-4.0%
12.1%
Q4 24
17.5%
11.3%
Q3 24
10.3%
11.0%
Q2 24
10.1%
10.7%
Capex Intensity
BDC
BDC
ZETA
ZETA
Q1 26
6.4%
Q4 25
5.4%
0.8%
Q3 25
5.7%
1.6%
Q2 25
3.7%
0.8%
Q1 25
5.2%
1.0%
Q4 24
8.8%
2.6%
Q3 24
3.7%
1.8%
Q2 24
3.6%
3.0%
Cash Conversion
BDC
BDC
ZETA
ZETA
Q1 26
Q4 25
2.36×
9.81×
Q3 25
1.85×
Q2 25
1.34×
Q1 25
0.14×
Q4 24
2.99×
2.87×
Q3 24
1.71×
Q2 24
1.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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