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Side-by-side financial comparison of BELDEN INC. (BDC) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $696.4M, roughly 1.3× BELDEN INC.). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 7.3%, a 22.2% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs 8.7%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $-63.1M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% 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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
BDC vs ZION — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $891.0M |
| Net Profit | $51.0M | $263.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | 29.5% |
| Revenue YoY | 11.4% | 8.7% |
| Net Profit YoY | -1.8% | 21.8% |
| EPS (diluted) | $1.30 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $698.2M | $861.0M | ||
| Q2 25 | $672.0M | $838.0M | ||
| Q1 25 | $624.9M | $795.0M | ||
| Q4 24 | $666.0M | $820.0M | ||
| Q3 24 | $654.9M | $792.0M | ||
| Q2 24 | $604.3M | $777.0M |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $263.0M | ||
| Q3 25 | $56.7M | $222.0M | ||
| Q2 25 | $61.0M | $244.0M | ||
| Q1 25 | $51.9M | $170.0M | ||
| Q4 24 | $58.4M | $216.0M | ||
| Q3 24 | $53.7M | $214.0M | ||
| Q2 24 | $49.0M | $201.0M |
| 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% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 11.4% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 29.5% | ||
| Q3 25 | 8.1% | 25.8% | ||
| Q2 25 | 9.1% | 29.1% | ||
| Q1 25 | 8.3% | 21.4% | ||
| Q4 24 | 8.8% | 26.3% | ||
| Q3 24 | 8.2% | 27.0% | ||
| Q2 24 | 8.1% | 25.9% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $1.77 | ||
| Q3 25 | $1.41 | $1.48 | ||
| Q2 25 | $1.53 | $1.63 | ||
| Q1 25 | $1.27 | $1.13 | ||
| Q4 24 | $1.41 | $1.34 | ||
| Q3 24 | $1.30 | $1.37 | ||
| Q2 24 | $1.19 | $1.28 |
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 | — |
| Total DebtLower is stronger | $1.3B | $1.5B |
| Stockholders' EquityBook value | $1.3B | $7.2B |
| Total Assets | — | $89.0B |
| Debt / EquityLower = less leverage | 0.98× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | — | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | — | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $970.0M | ||
| Q1 25 | — | $964.0M | ||
| Q4 24 | — | $950.0M | ||
| Q3 24 | — | $548.0M | ||
| Q2 24 | — | $546.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.2B | $6.9B | ||
| Q2 25 | $1.2B | $6.6B | ||
| Q1 25 | $1.2B | $6.3B | ||
| Q4 24 | $1.3B | $6.1B | ||
| Q3 24 | $1.2B | $6.4B | ||
| Q2 24 | $1.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $89.0B | ||
| Q3 25 | $3.4B | $88.5B | ||
| Q2 25 | $3.4B | $88.9B | ||
| Q1 25 | $3.3B | $88.0B | ||
| Q4 24 | $3.3B | $88.8B | ||
| Q3 24 | $3.3B | $87.0B | ||
| Q2 24 | $3.5B | $87.6B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.09× |
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 | — | $1.1B |
| Free Cash FlowOCF − Capex | $-63.1M | $952.0M |
| FCF MarginFCF / Revenue | -9.1% | 106.8% |
| Capex IntensityCapex / Revenue | 6.4% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $1.1B | ||
| Q3 25 | $105.0M | $438.0M | ||
| Q2 25 | $82.0M | $-62.0M | ||
| Q1 25 | $7.4M | $179.0M | ||
| Q4 24 | $174.7M | $1.1B | ||
| Q3 24 | $91.7M | $119.0M | ||
| Q2 24 | $83.0M | $251.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $952.0M | ||
| Q3 25 | $65.3M | $413.0M | ||
| Q2 25 | $56.9M | $-93.0M | ||
| Q1 25 | $-24.8M | $152.0M | ||
| Q4 24 | $116.4M | $1.1B | ||
| Q3 24 | $67.2M | $97.0M | ||
| Q2 24 | $61.0M | $234.0M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 106.8% | ||
| Q3 25 | 9.4% | 48.0% | ||
| Q2 25 | 8.5% | -11.1% | ||
| Q1 25 | -4.0% | 19.1% | ||
| Q4 24 | 17.5% | 128.2% | ||
| Q3 24 | 10.3% | 12.2% | ||
| Q2 24 | 10.1% | 30.1% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 13.6% | ||
| Q3 25 | 5.7% | 2.9% | ||
| Q2 25 | 3.7% | 3.7% | ||
| Q1 25 | 5.2% | 3.4% | ||
| Q4 24 | 8.8% | 11.8% | ||
| Q3 24 | 3.7% | 2.8% | ||
| Q2 24 | 3.6% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 4.08× | ||
| Q3 25 | 1.85× | 1.97× | ||
| Q2 25 | 1.34× | -0.25× | ||
| Q1 25 | 0.14× | 1.05× | ||
| Q4 24 | 2.99× | 5.31× | ||
| Q3 24 | 1.71× | 0.56× | ||
| Q2 24 | 1.69× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
