BDC FINANCIAL STATEMENTS

Belden Inc — balance sheet, income statement and cash flow trends

BDCBelden Inc

🇺🇸 USA · NYSE · Technology · Communication Equipment

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue2.8 B $+9.3%

Gross Profit996.4 M $+3.1%

Operating Income343.1 M $+19.9%

EBITDA449.5 M $+11.3%

Net Income236.6 M $+11.1%

Peer Comparison· Communication Equipment

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BDC	9.3%	35.8%	16.1%	8.5%
ERIC-B	-7.4%	48.0%	20.4%	10.9%
KAREL	14.1%	11.4%	7.0%	-7.2%
ALCTL	-14.6%	15.6%	6.2%	-2.7%
Industry median	9.2%	38.0%	10.3%	0.3%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BDC	9.3%	35.8%	16.1%	8.5%
EXTR	14.9%	61.3%	5.0%	1.3%
DGII	13.5%	63.4%	21.0%	9.1%
VIAV	30.6%	55.7%	8.8%	-4.0%
VSAT	2.7%	30.2%	39.1%	-0.7%
HLIT	-27.5%	50.5%	9.8%	-8.4%
Industry median	9.2%	38.0%	10.3%	0.3%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity1.3 B $37%
Current Liabilities613.6 M $18%
Long-term Liabilities1.6 B $45%

Key Figures

YoY change

Total Assets3.5 B $+7.9%

Total Liabilities2.2 B $+9.7%

Total Equity1.3 B $+4.9%

Cash & ST Investments272.2 M $+5.1%

Total Debt1.4 B $+3.3%

Net Debt1.1 B $+2.9%

Peer Comparison· Communication Equipment

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BDC	2.09	105.2%	2.40	37.1%
ERIC-B	1.12	38.4%	-0.51	35.3%
KAREL	0.77	372.2%	4.08	11.0%
ALCTL	2.73	3.9%	-3.76	54.8%
Industry median	1.61	73.1%	0.85	37.5%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BDC	2.09	105.2%	2.40	37.1%
EXTR	0.91	298.5%	0.41	6.7%
DGII	1.11	23.1%	1.22	68.4%
VIAV	1.61	134.3%	5.30	33.5%
VSAT	2.41	148.9%	2.86	30.6%
HLIT	2.26	36.9%	0.45	50.4%
Industry median	1.61	73.1%	0.85	37.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow328.8 M $-7.9%

Capital Expenditures148.4 M $+8.3%

Free Cash Flow180.4 M $-17.9%

Dividends Paid-7.9 M $-197.3%

Peer Comparison· Communication Equipment

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BDC	11.8%	6.5%	5.3%	138.9%
ERIC-B	15.5%	14.4%	1.1%	142.3%
KAREL	22.1%	15.4%	7.7%	-307.2%
ALCTL	7.5%	7.4%	0.1%	-278.7%
Industry median	12.5%	11.1%	2.3%	65.9%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BDC	11.8%	6.5%	5.3%	138.9%
EXTR	10.6%	11.1%	2.7%	812.8%
DGII	27.2%	26.7%	0.5%	299.1%
VIAV	5.2%	3.3%	1.9%	-128.9%
VSAT	34.3%	12.9%	21.4%	-4,664.3%
HLIT	11.2%	9.1%	2.1%	-133.6%
Industry median	12.5%	11.1%	2.3%	65.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.