BDC FY 2025 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2025 Earnings

Reported February 17, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.5B	—	10.3%
Op. Income	$316M	—	$266M	—	18.5%
Gross Margin	38.0%	—	37.5%	—	0.5pp
Net Margin	8.7%	—	8.1%	—	0.7pp
EPS (Diluted)	$5.91	—	$4.80	—	23.1%
Free Cash Flow	$219M	—	$223M	—	-1.9%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.0B
R&D Expenses	$129M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$533M
Other Expenses	$53M
Operating Expenses	$715M
Cost & Expenses	$2.4B
OPERATING INCOME	$316M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$267M
Income Tax Expense	$29M
Net Income from Continuing Ops	$238M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$238M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$238M
D&A	$129M
EBIT	$313M
EBITDA	$443M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.0B
R&D Expenses	$129M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$533M
Other Expenses	$53M
Operating Expenses	$715M
Cost & Expenses	$2.4B
OPERATING INCOME	$316M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$267M
Income Tax Expense	$29M
Net Income from Continuing Ops	$238M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$238M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$238M
D&A	$129M
EBIT	$313M
EBITDA	$443M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$238M
Depreciation & Amortization	$129M
Stock-Based Compensation	$30M
Deferred Income Tax	$5M
Other Non-Cash Items	$10M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$355M
Capital Expenditure	-$136M
Acquisitions (Net)	$8M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$191.0K
NET CASH FROM INVESTING	-$128M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$216M
Common Dividends Paid	-$8M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$218M
FREE CASH FLOW	$219M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$390M
Short-Term Investments	$0
Net Receivables	$463M
Inventory	$402M
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$679M
Goodwill	$1.0B
Intangible Assets	$400M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.5B
Account Payables	$361M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$697M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.3B
Common Stock	$503.0K
Additional Paid-In Capital	$867M
Retained Earnings	$1.4B
Treasury Stock	-$912M
Accum. Other Comp. Income	-$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$1.5B
Net Debt	$1.1B