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Stocks · Materials · Drawing & Insulating of Nonferrous Wire

BELDEN INC.

BDC Clue Score53
United States Fiscal year ends December CIK 0000913142
$109.15 +1.12% Close, 9 Oct 2026
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Price $109.15 +79.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue2,356.7Operating income232.1Net income128.0EPS, diluted2.65Fiscal year 2017Revenue2,388.6 +1.4%Operating income233.6Net income93.2 −27.2%EPS, diluted1.37 −48.3%Fiscal year 2018Revenue2,585.4 +8.2%Operating income314.0Net income160.9 +72.6%EPS, diluted3.08 +124.8%Fiscal year 2019Revenue2,131.3 −17.6%Operating income207.2Net income−377.0 −334.3%EPS, diluted−9.37 −404.2%Fiscal year 2020Revenue1,752.2 −17.8%Operating income150.1Net income−55.2EPS, diluted−1.23Fiscal year 2021Revenue2,301.3 +31.3%Operating income263.7Net income63.9EPS, diluted1.41Fiscal year 2022Revenue2,606.5 +13.3%Operating income363.3Net income254.7 +298.4%EPS, diluted5.72 +305.7%Fiscal year 2023Revenue2,512.1 −3.6%Operating income317.5Net income242.8 −4.7%EPS, diluted5.66 −1.0%Fiscal year 2024Revenue2,461.0 −2.0%Operating income266.5Net income198.4 −18.3%EPS, diluted4.80 −15.2%Fiscal year 2025Revenue2,715.2 +10.3%Operating income315.7Net income237.5 +19.7%EPS, diluted5.91 +23.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,356.7 2,388.6 2,585.4 2,131.3 1,752.2 2,301.3 2,606.5 2,512.1 2,461.0 2,715.2
Growth +1.4% +8.2% −17.6% −17.8% +31.3% +13.3% −3.6% −2.0% +10.3%
Operating income 232.1 233.6 314.0 207.2 150.1 263.7 363.3 317.5 266.5 315.7
Net income 128.0 93.2 160.9 −377.0 −55.2 63.9 254.7 242.8 198.4 237.5
Growth −27.2% +72.6% −334.3% +298.4% −4.7% −18.3% +19.7%
EPS, diluted 2.65 1.37 3.08 −9.37 −1.23 1.41 5.72 5.66 4.80 5.91
Growth −48.3% +124.8% −404.2% +305.7% −1.0% −15.2% +23.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin41.6%Operating margin9.8%Net margin5.4%Free cash flow margin11.1%Fiscal year 2017Gross margin33.6%Operating margin9.8%Net margin3.9%Free cash flow margin8.0%Fiscal year 2018Gross margin32.1%Operating margin12.1%Net margin6.2%Free cash flow margin7.4%Fiscal year 2019Gross margin37.2%Operating margin9.7%Net margin−17.7%Free cash flow margin7.8%Fiscal year 2020Gross margin32.9%Operating margin8.6%Net margin−3.1%Free cash flow margin4.7%Fiscal year 2021Gross margin33.5%Operating margin11.5%Net margin2.8%Free cash flow margin7.9%Fiscal year 2022Gross margin35.2%Operating margin13.9%Net margin9.8%Free cash flow margin6.8%Fiscal year 2023Gross margin38.0%Operating margin12.6%Net margin9.7%Free cash flow margin8.1%Fiscal year 2024Gross margin37.5%Operating margin10.8%Net margin8.1%Free cash flow margin9.1%Fiscal year 2025Gross margin38.0%Operating margin11.6%Net margin8.7%Free cash flow margin8.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 41.6% 33.6% 32.1% 37.2% 32.9% 33.5% 35.2% 38.0% 37.5% 38.0%
Operating margin 9.8% 9.8% 12.1% 9.7% 8.6% 11.5% 13.9% 12.6% 10.8% 11.6%
Net margin 5.4% 3.9% 6.2% −17.7% −3.1% 2.8% 9.8% 9.7% 8.1% 8.7%
Free cash flow margin 11.1% 8.0% 7.4% 7.8% 4.7% 7.9% 6.8% 8.1% 9.1% 8.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow314.8Capital expenditure−54.0Free cash flow260.8Buybacks0.0Dividends paid−16.1Fiscal year 2017Operating cash flow255.3Capital expenditure−64.3Free cash flow191.0 −26.8%Buybacks−25.0Dividends paid−43.4Fiscal year 2018Operating cash flow289.2Capital expenditure−97.8Free cash flow191.4 +0.2%Dividends paid−43.2Fiscal year 2019Operating cash flow276.9Capital expenditure−110.0Free cash flow166.9 −12.8%Dividends paid−34.4Fiscal year 2020Operating cash flow173.4Capital expenditure−90.2Free cash flow83.1 −50.2%Dividends paid−9.0Fiscal year 2021Operating cash flow272.1Capital expenditure−91.0Free cash flow181.1 +117.8%Dividends paid−9.1Fiscal year 2022Operating cash flow281.3Capital expenditure−105.1Free cash flow176.2 −2.7%Dividends paid−8.9Fiscal year 2023Operating cash flow319.6Capital expenditure−116.7Free cash flow202.9 +15.2%Dividends paid−8.5Fiscal year 2024Operating cash flow352.1Capital expenditure−129.1Free cash flow223.0 +9.9%Dividends paid−8.2Fiscal year 2025Operating cash flow354.9Capital expenditure−136.2Free cash flow218.7 −1.9%Dividends paid−8.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 314.8 255.3 289.2 276.9 173.4 272.1 281.3 319.6 352.1 354.9
Capital expenditure −54.0 −64.3 −97.8 −110.0 −90.2 −91.0 −105.1 −116.7 −129.1 −136.2
Free cash flow 260.8 191.0 191.4 166.9 83.1 181.1 176.2 202.9 223.0 218.7
Growth −26.8% +0.2% −12.8% −50.2% +117.8% −2.7% +15.2% +9.9% −1.9%
Buybacks 0.0 −25.0 n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −16.1 −43.4 −43.2 −34.4 −9.0 −9.1 −8.9 −8.5 −8.2 −8.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash848.1Total debt1,620.2Net cash (debt)−772.0Shareholders’ equity1,460.3Debt to equity1.11Fiscal year 2017Cash541.4Total debt1,560.7Net cash (debt)−1,019.4Shareholders’ equity1,434.2Debt to equity1.09Fiscal year 2018Cash407.5Total debt1,463.2Net cash (debt)−1,055.7Shareholders’ equity1,387.1Debt to equity1.05Fiscal year 2019Cash407.5Total debt1,439.5Net cash (debt)−1,032.0Shareholders’ equity959.8Debt to equity1.50Fiscal year 2020Cash500.7Total debt1,573.7Net cash (debt)−1,073.1Shareholders’ equity750.6Debt to equity2.10Fiscal year 2021Cash641.6Total debt1,460.0Net cash (debt)−818.4Shareholders’ equity955.3Debt to equity1.53Fiscal year 2022Cash687.7Total debt1,161.2Net cash (debt)−473.5Shareholders’ equity1,143.0Debt to equity1.02Fiscal year 2023Cash597.0Total debt1,204.2Net cash (debt)−607.2Shareholders’ equity1,166.3Debt to equity1.03Fiscal year 2024Cash370.3Total debt1,130.1Net cash (debt)−759.8Shareholders’ equity1,294.7Debt to equity0.87Fiscal year 2025Cash389.9Total debt1,285.7Net cash (debt)−895.8Shareholders’ equity1,264.4Debt to equity1.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 848.1 541.4 407.5 407.5 500.7 641.6 687.7 597.0 370.3 389.9
Total debt 1,620.2 1,560.7 1,463.2 1,439.5 1,573.7 1,460.0 1,161.2 1,204.2 1,130.1 1,285.7
Net cash (debt) −772.0 −1,019.4 −1,055.7 −1,032.0 −1,073.1 −818.4 −473.5 −607.2 −759.8 −895.8
Shareholders’ equity 1,460.3 1,434.2 1,387.1 959.8 750.6 955.3 1,143.0 1,166.3 1,294.7 1,264.4
Debt to equity 1.11 1.09 1.05 1.50 2.10 1.53 1.02 1.03 0.87 1.02

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
41.6% 33.6% 32.1% 37.2% 32.9% 33.5% 35.2% 38.0% 37.5% 38.0%
9.8% 9.8% 12.1% 9.7% 8.6% 11.5% 13.9% 12.6% 10.8% 11.6%
5.4% 4.1% 8.9% 7.2% 5.2% 9.9% 12.2% 11.4% 9.3% 9.8%
5.4% 3.9% 6.2% −17.7% −3.1% 2.8% 9.8% 9.7% 8.1% 8.7%
11.1% 8.0% 7.4% 7.8% 4.7% 7.9% 6.8% 8.1% 9.1% 8.1%
Spending
6.0% 3.7% 3.5% 4.4% 4.2% 3.9% 4.0% 4.6% 4.6% 4.7%
20.6% 16.3% 15.9% 19.6% 18.5% 16.4% 17.2% 19.6% 20.1% 19.6%
2.3% 2.7% 3.8% 5.2% 5.1% 4.0% 4.0% 4.6% 5.2% 5.0%
−0.9% −4.7% 27.4% 27.9% 22.1% 12.3% 15.6% 15.1% 13.0% 11.0%
Returns
8.8% 6.5% 11.6% −39.3% −7.3% 6.7% 22.3% 20.8% 15.3% 18.8%
3.4% 2.4% 4.3% −11.1% −1.8% 1.9% 8.1% 7.5% 6.0% 6.7%
Balance and payout
1.11 1.09 1.05 1.50 2.10 1.53 1.02 1.03 0.87 1.02
12.6% 46.5% 26.8% n/a n/a 14.2% 3.5% 3.5% 4.1% 3.4%
6.2% 35.8% 22.6% 20.6% 10.9% 5.0% 5.1% 4.2% 3.7% 3.6%