Belden (BDC) Financials

$111.40 +0.02 (+0.02%)

As of 05/20/2025 03:59 PM Eastern

Annual Income Statements for Belden

This table shows Belden's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	198	243	255	64	-55	-395	126	58	113	66
Consolidated Net Income / (Loss)	198	243	255	64	-55	-377	161	93	128	66
Net Income / (Loss) Continuing Operations	198	243	268	199	71	110	167	103	128	67
Total Pre-Tax Income	228	286	317	227	91	152	230	98	126	40
Total Operating Income	266	318	363	264	150	207	314	234	232	141
Total Gross Profit	922	955	916	772	576	794	830	802	981	918
Total Revenue	2,461	2,512	2,606	2,301	1,752	2,131	2,166	2,087	2,357	2,309
Operating Revenue	2,461	2,512	2,606	2,301	1,752	2,131	2,166	2,087	2,357	2,309
Total Cost of Revenue	1,539	1,557	1,690	1,529	1,177	1,338	1,336	1,285	1,375	1,391
Operating Cost of Revenue	1,539	1,557	1,690	1,529	1,177	1,338	1,336	1,285	1,375	1,391
Total Operating Expenses	656	637	553	508	426	586	516	569	749	778
Selling, General & Admin Expense	495	493	449	378	323	417	411	390	486	526
Research & Development Expense	112	116	104	90	73	94	92	89	141	148
Amortization Expense	49	40	38	31	29	75	75	90	98	104
Other Special Charges / (Income)	0.00	-12	-38	0.00	0.00	0.00	-62	0.00	0.00	-
Total Other Income / (Expense), net	-39	-32	-46	-37	-59	-55	-84	-136	-106	-101
Interest Expense	0.00	0.00	6.39	68	59	56	84	135	97	101
Interest & Investment Income	-38	-34	-44	-	-	-	-	-	-	-
Other Income / (Expense), net	-0.22	1.86	4.01	32	0.00	1.02	-0.10	-0.56	-8.23	-
Income Tax Expense	30	43	50	28	20	43	63	-4.62	-1.19	-27
Net Income / (Loss) Discontinued Operations	0.00	0.00	-13	-135	-126	-487	-6.43	-9.75	-	-0.33
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.02	-0.20	0.16	0.39	0.10	0.24	-0.18	-0.36	-0.36	-0.02
Basic Earnings per Share	$4.88	$5.75	$5.81	$1.43	($1.23)	($9.37)	$3.10	$1.38	$2.67	$1.56
Weighted Average Basic Shares Outstanding	40.69M	42.24M	43.85M	44.80M	44.78M	42.20M	40.68M	42.22M	42.09M	42.39M
Diluted Earnings per Share	$4.80	$5.66	$5.72	$1.41	($1.23)	($9.37)	$3.08	$1.37	$2.65	$1.54
Weighted Average Diluted Shares Outstanding	41.30M	42.86M	44.54M	45.36M	44.94M	42.42M	40.96M	42.64M	42.56M	42.95M
Weighted Average Basic & Diluted Shares Outstanding	40.27M	41.09M	42.90M	44.99M	44.66M	45.46M	40.60M	42.20M	42.20M	42.40M
Cash Dividends to Common per Share	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20

This table shows Belden's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Net Income / (Loss) Attributable to Common Shareholders	52	58	54	49	37	38	72	69	63	62	98
Consolidated Net Income / (Loss)	52	58	54	49	37	39	72	69	63	62	98
Net Income / (Loss) Continuing Operations	52	58	54	49	37	39	72	69	63	61	104
Total Pre-Tax Income	62	57	65	60	46	36	87	84	78	72	120
Total Operating Income	73	69	75	69	53	44	95	93	86	78	130
Total Gross Profit	246	250	244	227	202	206	241	261	246	246	239
Total Revenue	625	666	655	604	536	551	627	692	642	659	670
Operating Revenue	625	666	655	604	536	551	627	692	642	659	670
Total Cost of Revenue	379	416	411	378	334	345	386	431	396	413	432
Operating Cost of Revenue	379	416	411	378	334	345	386	431	396	413	432
Total Operating Expenses	173	181	169	158	149	162	146	169	161	168	109
Selling, General & Admin Expense	132	137	127	119	111	126	118	127	122	130	110
Research & Development Expense	28	29	28	28	27	26	30	31	29	29	26
Amortization Expense	13	14	14	9.94	11	10	9.53	11	9.61	9.76	10
Total Other Income / (Expense), net	-11	-12	-11	-8.79	-7.35	-7.63	-8.25	-8.17	-7.71	-6.28	-9.86
Interest & Investment Income	-10	-	-11	-9.02	-	-	-8.58	-8.81	-	-	-
Other Income / (Expense), net	-0.44	-0.96	0.29	0.23	0.23	-	0.33	-	0.49	1.71	0.03
Income Tax Expense	10	-1.01	11	11	8.36	-2.19	15	16	15	11	16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.00	-0.00	-0.01	-0.00	0.04	-0.02	0.02	-0.25	0.05	0.03
Basic Earnings per Share	$1.29	$1.44	$1.32	$1.21	$0.91	$0.93	$1.72	$1.62	$1.48	$1.43	$2.26
Weighted Average Basic Shares Outstanding	40.17M	40.69M	40.80M	40.69M	40.99M	42.24M	42.05M	42.50M	42.83M	43.85M	43.47M
Diluted Earnings per Share	$1.27	$1.41	$1.30	$1.19	$0.90	$0.91	$1.70	$1.60	$1.45	$1.39	$2.23
Weighted Average Diluted Shares Outstanding	40.84M	41.30M	41.42M	41.20M	41.49M	42.86M	42.63M	43.09M	43.67M	44.54M	44.06M
Weighted Average Basic & Diluted Shares Outstanding	39.50M	40.27M	40.34M	40.81M	40.68M	41.09M	41.68M	42.30M	42.55M	42.90M	42.81M
Cash Dividends to Common per Share	$0.05	-	$0.05	$0.05	$0.05	-	$0.05	$0.05	$0.05	-	$0.05

This table details how cash moves in and out of Belden's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-227	-91	44	142	76	5.28	-140	-287	631	-524
Net Cash From Operating Activities	352	320	281	272	173	277	289	255	315	241
Net Cash From Continuing Operating Activities	352	320	281	272	173	277	289	255	315	241
Net Income / (Loss) Continuing Operations	198	243	255	64	-55	-377	161	93	128	66
Consolidated Net Income / (Loss)	198	243	255	64	-55	-377	161	93	128	66
Depreciation Expense	116	99	89	88	109	139	149	150	146	150
Non-Cash Adjustments To Reconcile Net Income	28	8.97	-7.82	171	133	539	41	67	44	18
Changes in Operating Assets and Liabilities, net	10	-31	-54	-51	-13	-25	-62	-54	-2.90	7.19
Net Cash From Investing Activities	-427	-200	168	-92	-32	-184	-141	-230	-73	-746
Net Cash From Continuing Investing Activities	-427	-200	168	-92	-32	-184	-141	-230	-73	-746
Purchase of Property, Plant & Equipment	-129	-117	-105	-91	-90	-110	-98	-64	-54	-55
Acquisitions	-296	-107	-105	-77	0.59	-74	-85	-167	-19	-695
Sale of Property, Plant & Equipment	0.11	14	44	30	3.16	0.03	1.58	1.04	0.39	0.53
Divestitures	-1.32	9.30	335	46	55	0.00	40	0.00	0.00	-
Net Cash From Financing Activities	-144	-212	-393	-33	-75	-87	-282	-331	402	-11
Net Cash From Continuing Financing Activities	-144	-212	-393	-33	-75	-87	-282	-331	402	-11
Repayment of Debt	0.73	0.00	-231	-368	-190	-0.36	-492	-1,123	-298	-153
Repurchase of Preferred Equity	-134	-192	-150	0.00	-35	-50	-175	-25	0.00	-
Payment of Dividends	-8.26	-8.50	-8.95	-12	-9.03	-34	-43	-43	-16	-8.40
Issuance of Common Equity	8.92	6.57	3.72	0.00	0.00	-	-	-	-	1.47
Other Financing Activities, net	-11	-18	-7.34	-8.72	-31	-2.15	-2.51	-6.56	-7.48	-12
Effect of Exchange Rate Changes	-8.35	2.02	-	-5.36	-	-0.30	-7.27	-	-12	-8.55

This table details how cash moves in and out of Belden's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Net Change in Cash & Equivalents	-111	47	-242	58	-90	66	16	-74	-99	140	20
Net Cash From Operating Activities	7.44	175	92	83	2.72	160	105	87	-32	202	87
Net Cash From Continuing Operating Activities	7.44	175	92	83	2.72	160	105	87	-32	202	87
Net Income / (Loss) Continuing Operations	52	58	54	49	37	39	72	69	63	62	98
Consolidated Net Income / (Loss)	52	58	54	49	37	39	72	69	63	62	98
Depreciation Expense	30	32	31	26	27	25	25	26	23	23	23
Non-Cash Adjustments To Reconcile Net Income	7.78	5.45	7.44	8.25	6.40	6.18	-9.37	5.90	6.25	-4.70	-20
Changes in Operating Assets and Liabilities, net	-82	79	-0.52	-0.30	-68	89	17	-14	-124	122	-14
Net Cash From Investing Activities	-24	-61	-321	-21	-24	-55	-24	-117	-3.84	-55	18
Net Cash From Continuing Investing Activities	-24	-61	-321	-21	-24	-55	-24	-117	-3.84	-55	18
Purchase of Property, Plant & Equipment	-32	-58	-25	-22	-24	-55	-29	-19	-14	-55	-19
Sale of Property, Plant & Equipment	0.11	0.01	0.05	-	0.06	-	14	0.01	0.00	-	42
Divestitures	7.92	-1.32	-	-	0.00	-	-	-0.70	10	-	-4.11
Net Cash From Financing Activities	-97	-59	-17	-2.46	-65	-45	-62	-42	-64	-17	-73
Net Cash From Continuing Financing Activities	-97	-59	-17	-2.46	-65	-45	-62	-42	-64	-17	-73
Repayment of Debt	-0.42	1.42	-0.24	-0.23	-0.23	0.25	-0.14	-0.08	-0.04	0.12	-0.04
Repurchase of Preferred Equity	-84	-56	-20	-	-58	-42	-64	-36	-50	-14	-70
Payment of Dividends	-2.02	-2.11	-2.04	-2.04	-2.08	-2.09	-2.12	-2.14	-2.15	-2.19	-2.24
Issuance of Common Equity	3.82	-	5.77	-	3.15	-	4.89	-	1.68	-	-
Other Financing Activities, net	-14	-1.86	-0.82	-0.19	-7.92	-0.56	-0.37	-3.65	-13	-0.81	-1.37
Effect of Exchange Rate Changes	2.22	-7.99	4.56	-1.11	-3.81	5.82	-3.06	-1.62	0.88	-	-

This table presents Belden's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,328	3,240	3,162	3,418	3,140	3,407	3,779	3,841	3,807	3,291
Total Current Assets	1,196	1,457	1,536	1,878	1,098	1,378	1,259	1,372	1,479	837
Cash & Equivalents	370	597	688	642	502	407	407	561	848	217
Accounts Receivable	410	414	440	383	297	335	336	474	388	387
Inventories, net	343	367	342	345	247	231	265	297	190	196
Other Current Assets	73	79	67	58	52	29	31	40	52	37
Plant, Property, & Equipment, net	496	451	382	344	369	346	311	337	309	311
Total Noncurrent Assets	1,636	1,332	1,244	1,196	1,673	1,683	2,210	2,131	2,019	2,143
Goodwill	1,019	907	862	821	1,252	1,244	1,207	1,478	1,386	1,385
Intangible Assets	419	269	247	238	287	340	360	545	560	656
Noncurrent Deferred & Refundable Income Taxes	16	16	15	32	30	25	26	43	34	34
Other Noncurrent Operating Assets	182	140	120	105	104	75	13	65	39	68
Total Liabilities & Shareholders' Equity	3,328	3,240	3,162	3,418	3,140	3,407	3,779	3,841	3,807	3,291
Total Liabilities	2,033	2,074	2,018	2,462	2,383	2,441	2,392	2,406	2,345	2,465
Total Current Liabilities	623	634	640	753	521	723	717	679	570	549
Accounts Payable	316	343	350	378	244	268	297	376	258	224
Accrued Expenses	307	290	290	278	277	284	272	303	310	323
Total Noncurrent Liabilities	1,410	1,440	1,378	1,709	1,862	1,718	1,675	1,727	1,775	1,916
Long-Term Debt	1,130	1,204	1,161	1,460	1,574	1,439	1,463	1,561	1,620	1,725
Noncurrent Deferred & Payable Income Tax Liabilities	77	49	59	51	38	49	36	28	14	46
Noncurrent Employee Benefit Liabilities	63	75	68	121	160	136	128	102	104	105
Other Noncurrent Operating Liabilities	140	112	90	77	89	94	30	36	37	39
Total Equity & Noncontrolling Interests	1,295	1,166	1,144	956	757	966	1,388	1,435	1,461	826
Total Preferred & Common Equity	1,295	1,166	1,143	955	751	960	1,387	1,434	1,460	824
Total Common Equity	1,295	1,166	1,143	955	751	960	1,387	1,434	1,460	824
Common Stock	840	819	826	834	824	812	1,140	1,124	1,117	606
Retained Earnings	1,176	986	752	506	451	518	922	834	784	680
Treasury Stock	-718	-597	-429	-	-333	-307	-600	-426	-401	-403
Accumulated Other Comprehensive Income / (Loss)	-3.53	-41	-5.87	-71	-192	-63	-75	-98	-39	-59
Noncontrolling Interest	0.00	0.05	0.94	0.80	6.47	5.97	0.44	0.63	1.00	1.42

This table presents Belden's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/30/2025	9/29/2024	6/30/2024	3/31/2024	10/1/2023	7/2/2023	4/2/2023	10/2/2022
Total Assets	3,271	3,340	3,523	3,119	3,129	3,145	3,067	2,960
Total Current Assets	1,133	1,198	1,413	1,314	1,412	1,437	1,441	1,385
Cash & Equivalents	259	323	565	507	531	515	589	547
Accounts Receivable	420	430	397	356	481	510	418	437
Inventories, net	373	368	375	374	336	345	371	351
Other Current Assets	81	77	76	77	64	67	63	49
Plant, Property, & Equipment, net	506	477	461	454	405	393	382	332
Total Noncurrent Assets	1,632	1,665	1,649	1,351	1,312	1,316	1,244	1,243
Goodwill	1,019	1,057	1,031	902	893	893	864	849
Intangible Assets	417	406	424	257	272	287	243	244
Noncurrent Deferred & Refundable Income Taxes	16	17	16	17	15	15	15	30
Other Noncurrent Operating Assets	181	185	178	176	133	121	122	121
Total Liabilities & Shareholders' Equity	3,271	3,340	3,523	3,119	3,129	3,145	3,067	2,960
Total Liabilities	2,048	2,105	2,303	1,963	1,930	1,982	1,933	1,826
Total Current Liabilities	588	579	830	515	553	568	534	546
Accounts Payable	307	307	261	264	305	290	295	298
Accrued Expenses	281	273	277	251	248	277	239	248
Total Noncurrent Liabilities	1,460	1,526	1,473	1,449	1,377	1,415	1,398	1,280
Long-Term Debt	1,179	1,219	1,165	1,180	1,146	1,187	1,179	1,045
Noncurrent Deferred & Payable Income Tax Liabilities	77	88	90	51	68	68	58	59
Noncurrent Employee Benefit Liabilities	65	70	70	72	65	67	67	97
Other Noncurrent Operating Liabilities	138	148	148	146	98	92	93	79
Total Equity & Noncontrolling Interests	1,223	1,235	1,220	1,156	1,199	1,163	1,134	1,135
Total Preferred & Common Equity	1,223	1,235	1,220	1,156	1,199	1,163	1,134	1,134
Total Common Equity	1,223	1,235	1,220	1,156	1,199	1,163	1,134	1,134
Common Stock	841	834	824	815	813	810	810	823
Retained Earnings	1,226	1,120	1,068	1,021	949	879	813	692
Accumulated Other Comprehensive Income / (Loss)	-41	-55	-25	-32	-6.61	-28	-23	37
Other Equity Adjustments	-804	-663	-	-648	-556	-498	-466	-418

This table displays calculated financial ratios and metrics derived from Belden's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.03%	-3.62%	13.26%	31.34%	-17.79%	-1.59%	3.76%	-11.44%	2.05%	0.04%
EBITDA Growth	-8.80%	-8.17%	19.03%	48.06%	-25.52%	-24.88%	20.85%	3.60%	27.00%	9.66%
EBIT Growth	-16.64%	-13.06%	24.44%	96.64%	-27.91%	-33.67%	34.68%	4.12%	59.27%	-13.83%
NOPAT Growth	-13.94%	-12.07%	32.58%	97.78%	-21.76%	-34.51%	-6.76%	4.44%	0.09%	57.20%
Net Income Growth	-18.20%	-4.81%	296.20%	216.82%	85.39%	-334.44%	73.08%	-27.26%	92.88%	-11.11%
EPS Growth	-15.19%	-1.05%	305.67%	214.63%	86.87%	-404.22%	124.82%	-48.30%	72.08%	-8.88%
Operating Cash Flow Growth	10.15%	13.63%	3.40%	56.93%	-37.39%	-4.26%	13.29%	-18.90%	30.37%	20.20%
Free Cash Flow Firm Growth	-143.28%	1.88%	-82.53%	686.44%	-42.73%	-83.87%	1,839.35%	-86.52%	225.01%	-183.34%
Invested Capital Growth	15.85%	9.65%	13.72%	-22.22%	2.00%	0.44%	-26.67%	8.92%	-4.34%	27.41%
Revenue Q/Q Growth	4.89%	-4.12%	1.84%	10.78%	-8.45%	17.28%	-3.03%	-12.90%	0.65%	-0.50%
EBITDA Q/Q Growth	8.91%	-6.67%	-3.81%	7.84%	8.14%	-11.28%	5.05%	-1.78%	-0.22%	7.35%
EBIT Q/Q Growth	10.37%	-9.21%	-4.69%	12.57%	17.48%	-15.56%	7.77%	-3.84%	0.75%	8.07%
NOPAT Q/Q Growth	11.42%	-7.22%	-1.40%	14.00%	58.94%	-26.43%	2.63%	-6.14%	-9.50%	64.49%
Net Income Q/Q Growth	11.13%	-8.83%	78.08%	-46.84%	73.69%	-102.51%	8.84%	-2.97%	-11.37%	103.52%
EPS Q/Q Growth	11.63%	-7.82%	77.64%	-47.39%	76.88%	-108.22%	16.23%	-4.86%	-17.96%	0.00%
Operating Cash Flow Q/Q Growth	4.47%	-11.82%	13.00%	14.99%	-23.31%	-0.35%	14.52%	-5.79%	6.02%	5.86%
Free Cash Flow Firm Q/Q Growth	54.86%	4.31%	-82.36%	304.81%	-80.58%	-72.58%	415.54%	-57.33%	-3.67%	29.16%
Invested Capital Q/Q Growth	-3.60%	-2.25%	-0.93%	-27.17%	-4.14%	-20.37%	-30.40%	-3.12%	-5.22%	-4.55%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.47%	38.01%	35.15%	33.54%	32.85%	37.23%	38.32%	38.44%	41.64%	39.76%
EBITDA Margin	15.52%	16.67%	17.50%	16.65%	14.77%	16.30%	21.36%	18.34%	15.68%	12.60%
Operating Margin	10.83%	12.64%	13.94%	11.46%	8.57%	9.72%	14.50%	11.19%	9.85%	6.09%
EBIT Margin	10.82%	12.71%	14.09%	12.83%	8.57%	9.77%	14.49%	11.17%	9.50%	6.09%
Profit (Net Income) Margin	8.06%	9.66%	9.78%	2.79%	-3.14%	-17.68%	7.42%	4.45%	5.42%	2.87%
Tax Burden Percent	87.05%	84.88%	80.29%	28.36%	-60.63%	-247.21%	69.85%	94.76%	100.94%	165.70%
Interest Burden Percent	85.61%	89.47%	86.40%	76.83%	60.50%	73.20%	73.30%	42.04%	56.49%	28.42%
Effective Tax Rate	12.95%	15.12%	15.64%	12.32%	22.13%	27.90%	27.35%	-4.71%	-0.94%	-66.52%
Return on Invested Capital (ROIC)	12.12%	15.90%	20.17%	14.22%	6.46%	8.35%	10.81%	10.48%	10.25%	11.22%
ROIC Less NNEP Spread (ROIC-NNEP)	7.21%	10.91%	9.17%	-7.48%	-11.66%	-77.58%	1.16%	-6.64%	0.92%	-2.01%
Return on Net Nonoperating Assets (RNNOA)	4.01%	5.10%	4.10%	-6.71%	-12.85%	-40.37%	0.58%	-4.07%	0.92%	-3.12%
Return on Equity (ROE)	16.12%	21.00%	24.27%	7.51%	-6.39%	-32.02%	11.39%	6.41%	11.16%	8.11%
Cash Return on Invested Capital (CROIC)	-2.57%	6.69%	7.33%	39.22%	4.48%	7.91%	41.59%	1.94%	14.69%	-12.88%
Operating Return on Assets (OROA)	8.11%	9.98%	11.17%	9.00%	4.59%	5.80%	8.24%	6.10%	6.31%	4.29%
Return on Assets (ROA)	6.04%	7.58%	7.75%	1.96%	-1.68%	-10.49%	4.22%	2.43%	3.60%	2.02%
Return on Common Equity (ROCE)	16.12%	20.99%	24.25%	7.48%	-6.35%	-31.93%	11.38%	6.41%	11.15%	8.10%
Return on Equity Simple (ROE_SIMPLE)	15.32%	20.80%	22.29%	6.73%	-7.34%	-39.25%	11.59%	6.47%	8.74%	8.03%
Net Operating Profit after Tax (NOPAT)	232	270	307	231	117	149	228	245	234	234
NOPAT Margin	9.42%	10.73%	11.76%	10.05%	6.67%	7.01%	10.53%	11.72%	9.94%	10.14%
Net Nonoperating Expense Percent (NNEP)	4.91%	4.99%	11.00%	21.70%	18.11%	85.93%	9.65%	17.12%	9.33%	13.23%
Return On Investment Capital (ROIC_SIMPLE)	9.57%	11.37%	13.30%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	62.53%	61.99%	64.85%	66.46%	67.15%	62.77%	61.68%	61.56%	58.36%	60.24%
SG&A Expenses to Revenue	20.10%	19.61%	17.21%	16.43%	18.46%	19.58%	18.99%	18.67%	20.64%	22.76%
R&D to Revenue	4.57%	4.63%	4.00%	3.92%	4.17%	4.43%	4.23%	4.25%	5.96%	6.42%
Operating Expenses to Revenue	26.65%	25.38%	21.21%	22.08%	24.28%	27.51%	23.82%	27.25%	31.79%	33.67%
Earnings before Interest and Taxes (EBIT)	266	319	367	295	150	208	314	233	224	141
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	382	419	456	383	259	347	463	383	369	291
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.51	2.76	2.68	3.07	2.46	2.56	1.19	2.22	2.10	2.36
Price to Tangible Book Value (P/TBV)	0.00	0.00	90.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.85	1.28	1.18	1.27	1.06	1.15	0.76	1.52	1.30	0.84
Price to Earnings (P/E)	22.89	13.24	12.03	45.86	0.00	0.00	13.11	54.59	27.29	29.38
Dividend Yield	0.18%	0.26%	0.28%	0.31%	0.48%	0.37%	0.49%	0.27%	0.27%	0.43%
Earnings Yield	4.37%	7.55%	8.31%	2.18%	0.00%	0.00%	7.63%	1.83%	3.66%	3.40%
Enterprise Value to Invested Capital (EV/IC)	2.58	2.15	2.19	2.64	1.60	1.95	1.52	1.72	1.72	1.48
Enterprise Value to Revenue (EV/Rev)	2.15	1.52	1.36	1.63	1.67	1.64	1.25	2.00	1.63	1.50
Enterprise Value to EBITDA (EV/EBITDA)	13.88	9.12	7.76	9.79	11.31	10.07	5.85	10.93	10.41	11.89
Enterprise Value to EBIT (EV/EBIT)	19.91	11.96	9.63	12.71	19.51	16.80	8.62	17.94	17.18	24.60
Enterprise Value to NOPAT (EV/NOPAT)	22.86	14.18	11.55	16.22	25.05	23.42	11.87	17.09	16.41	14.77
Enterprise Value to Operating Cash Flow (EV/OCF)	15.06	11.95	12.58	13.79	16.89	12.64	9.36	16.38	12.22	14.32
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	33.66	31.77	5.88	36.11	24.71	3.09	92.42	11.45	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.87	1.03	1.02	1.53	2.08	1.49	1.05	1.09	1.11	2.09
Long-Term Debt to Equity	0.87	1.03	1.02	1.53	2.08	1.49	1.05	1.09	1.11	2.09
Financial Leverage	0.56	0.47	0.45	0.90	1.10	0.52	0.50	0.61	1.00	1.55
Leverage Ratio	2.67	2.77	3.13	3.83	3.80	3.05	2.70	2.64	3.10	4.01
Compound Leverage Factor	2.28	2.48	2.71	2.94	2.30	2.24	1.98	1.11	1.75	1.14
Debt to Total Capital	46.61%	50.80%	50.37%	60.43%	67.52%	59.85%	51.33%	52.10%	52.58%	67.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%
Long-Term Debt to Total Capital	46.61%	50.80%	50.37%	60.43%	67.52%	59.85%	51.33%	52.10%	52.58%	67.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.04%	0.03%	0.28%	0.25%	0.02%	0.02%	0.03%	0.06%
Common Equity to Total Capital	53.39%	49.20%	49.59%	39.54%	32.20%	39.91%	48.66%	47.88%	47.39%	32.28%
Debt to EBITDA	2.96	2.88	2.55	3.81	6.08	4.14	3.16	4.08	4.39	5.94
Net Debt to EBITDA	1.99	1.45	1.04	2.14	4.14	2.97	2.28	2.61	2.09	5.19
Long-Term Debt to EBITDA	2.96	2.88	2.55	3.81	6.08	4.14	3.16	4.08	4.39	5.93
Debt to NOPAT	4.87	4.47	3.79	6.32	13.46	9.64	6.41	6.38	6.92	7.38
Net Debt to NOPAT	3.28	2.25	1.54	3.54	9.17	6.91	4.63	4.09	3.30	6.46
Long-Term Debt to NOPAT	4.87	4.47	3.79	6.32	13.46	9.64	6.41	6.38	6.92	7.37
Altman Z-Score	3.05	2.76	2.79	2.28	1.60	1.88	1.77	2.06	2.17	1.71
Noncontrolling Interest Sharing Ratio	0.00%	0.04%	0.08%	0.42%	0.72%	0.27%	0.04%	0.06%	0.11%	0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.92	2.30	2.40	2.49	2.11	1.91	1.76	2.02	2.59	1.52
Quick Ratio	1.25	1.60	1.76	1.36	1.53	1.03	1.04	1.52	2.17	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-49	113	111	638	81	142	877	45	336	-269
Operating Cash Flow to CapEx	272.95%	310.49%	456.95%	447.84%	199.15%	251.77%	300.44%	403.82%	587.50%	443.57%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	17.43	9.32	1.38	2.54	10.47	0.33	3.45	-2.67
Operating Cash Flow to Interest Expense	0.00	0.00	44.01	3.98	2.94	4.96	3.45	1.89	3.23	2.40
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	34.38	3.09	1.47	2.99	2.30	1.42	2.68	1.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.75	0.78	0.79	0.70	0.54	0.59	0.57	0.55	0.66	0.71
Accounts Receivable Turnover	5.98	5.88	6.33	6.77	5.55	6.36	5.35	4.84	6.08	6.02
Inventory Turnover	4.33	4.40	4.92	5.16	4.92	5.39	4.75	5.27	7.12	6.56
Fixed Asset Turnover	5.20	6.03	7.19	6.46	4.90	6.49	6.68	6.46	7.60	7.37
Accounts Payable Turnover	4.67	4.49	4.64	4.92	4.59	4.73	3.97	4.05	5.71	5.61
Days Sales Outstanding (DSO)	61.07	62.04	57.66	53.95	65.77	57.42	68.22	75.34	60.05	60.63
Days Inventory Outstanding (DIO)	84.22	83.04	74.15	70.70	74.24	67.71	76.81	69.26	51.27	55.67
Days Payable Outstanding (DPO)	78.15	81.25	78.59	74.21	79.51	77.21	92.05	90.12	63.92	65.07
Cash Conversion Cycle (CCC)	67.14	63.83	53.23	50.44	60.50	47.92	52.98	54.48	47.40	51.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,055	1,773	1,617	1,422	1,829	1,793	1,785	2,435	2,235	2,337
Invested Capital Turnover	1.29	1.48	1.71	1.42	0.97	1.19	1.03	0.89	1.03	1.11
Increase / (Decrease) in Invested Capital	281	156	195	-406	36	7.83	-649	199	-101	503
Enterprise Value (EV)	5,302	3,821	3,539	3,751	2,928	3,499	2,707	4,182	3,845	3,458
Market Capitalization	4,542	3,213	3,064	2,932	1,850	2,461	1,651	3,181	3,072	1,945
Book Value per Share	$32.10	$27.98	$26.70	$21.28	$16.83	$21.12	$34.42	$34.01	$34.65	$19.63
Tangible Book Value per Share	($3.55)	($0.25)	$0.79	($2.32)	($17.67)	($13.71)	($4.46)	($13.97)	($11.53)	($28.99)
Total Capital	2,425	2,371	2,305	2,416	2,331	2,405	2,851	2,996	3,081	2,553
Total Debt	1,130	1,204	1,161	1,460	1,574	1,439	1,463	1,561	1,620	1,728
Total Long-Term Debt	1,130	1,204	1,161	1,460	1,574	1,439	1,463	1,561	1,620	1,725
Net Debt	760	607	474	818	1,072	1,032	1,056	1,000	772	1,511
Capital Expenditures (CapEx)	129	103	62	61	87	110	96	63	54	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	203	226	209	483	76	248	134	132	61	74
Debt-free Net Working Capital (DFNWC)	574	823	896	1,125	578	655	542	693	909	290
Net Working Capital (NWC)	574	823	896	1,125	578	655	542	693	909	288
Net Nonoperating Expense (NNE)	34	27	52	167	172	526	67	152	107	168
Net Nonoperating Obligations (NNO)	760	607	474	466	1,072	827	398	1,000	774	1,511
Total Depreciation and Amortization (D&A)	116	99	89	88	109	139	149	150	146	150
Debt-free, Cash-free Net Working Capital to Revenue	8.26%	9.01%	8.00%	21.00%	4.32%	11.62%	6.20%	6.33%	2.57%	3.19%
Debt-free Net Working Capital to Revenue	23.30%	32.78%	34.39%	48.88%	32.97%	30.74%	25.02%	33.21%	38.56%	12.58%
Net Working Capital to Revenue	23.30%	32.78%	34.39%	48.88%	32.97%	30.74%	25.02%	33.21%	38.56%	12.47%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.88	$5.75	$5.81	$1.43	($1.23)	($9.37)	$3.10	$1.38	$2.67	$1.56
Adjusted Weighted Average Basic Shares Outstanding	40.69M	42.24M	43.85M	44.80M	44.78M	42.20M	40.68M	42.22M	42.09M	42.39M
Adjusted Diluted Earnings per Share	$4.80	$5.66	$5.72	$1.41	($1.23)	($9.37)	$3.08	$1.37	$2.65	$1.54
Adjusted Weighted Average Diluted Shares Outstanding	41.30M	42.86M	44.54M	45.36M	44.94M	42.42M	40.96M	42.64M	42.56M	42.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.27M	41.09M	42.90M	44.99M	44.66M	45.46M	39.40M	41.93M	42.18M	41.99M
Normalized Net Operating Profit after Tax (NOPAT)	232	259	275	239	117	149	183	164	179	98
Normalized NOPAT Margin	9.42%	10.32%	10.53%	10.40%	6.67%	7.01%	8.45%	7.84%	7.60%	4.26%
Pre Tax Income Margin	9.26%	11.38%	12.18%	9.85%	5.18%	7.15%	10.62%	4.69%	5.37%	1.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	57.47	4.32	2.55	3.73	3.74	1.73	2.30	1.40
NOPAT to Interest Expense	0.00	0.00	47.95	3.38	1.98	2.68	2.72	1.81	2.41	2.33
EBIT Less CapEx to Interest Expense	0.00	0.00	47.84	3.43	1.07	1.76	2.60	1.26	1.75	0.86
NOPAT Less CapEx to Interest Expense	0.00	0.00	38.32	2.49	0.51	0.71	1.57	1.34	1.86	1.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.16%	3.50%	3.51%	18.25%	-16.40%	-9.14%	26.86%	46.71%	12.60%	12.69%
Augmented Payout Ratio	4.16%	3.50%	3.51%	18.25%	-16.40%	-9.14%	26.86%	46.71%	12.60%	71.70%

This table displays calculated financial ratios and metrics derived from Belden's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/30/2025	12/31/2024	9/29/2024	6/30/2024	3/31/2024	12/31/2023	10/1/2023	7/2/2023	4/2/2023	12/31/2022	10/2/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.65%	20.83%	4.49%	-12.70%	-16.53%	-16.36%	-6.52%	3.85%	5.15%	7.70%	10.87%
EBITDA Growth	27.08%	43.92%	-11.58%	-19.54%	-26.68%	-32.56%	-20.97%	13.02%	14.23%	-14.92%	56.66%
EBIT Growth	35.56%	55.20%	-21.01%	-25.33%	-38.10%	-45.01%	-26.16%	11.55%	15.13%	-18.46%	71.23%
NOPAT Growth	40.27%	51.08%	-21.12%	-25.49%	-37.39%	-30.11%	-29.45%	12.60%	15.06%	-2.47%	83.62%
Net Income Growth	39.21%	51.61%	-25.77%	-28.70%	-40.73%	-37.90%	-26.44%	17.28%	75.61%	224.75%	137.97%
EPS Growth	41.11%	54.95%	-23.53%	-25.63%	-37.93%	-34.53%	-23.77%	22.14%	83.54%	225.23%	145.05%
Operating Cash Flow Growth	173.47%	9.44%	-12.92%	-4.19%	108.54%	-21.16%	20.48%	75.37%	45.01%	19.02%	16.10%
Free Cash Flow Firm Growth	-308.79%	-92.53%	-148.34%	-118.38%	-15.64%	14.80%	-123.68%	-126.11%	-112.34%	-127.05%	2,635.51%
Invested Capital Growth	17.11%	15.85%	17.47%	15.04%	6.09%	9.65%	11.13%	10.61%	7.65%	13.72%	-16.41%
Revenue Q/Q Growth	-6.18%	1.70%	8.37%	12.82%	-2.82%	-12.06%	-9.45%	7.86%	-2.62%	-1.70%	0.59%
EBITDA Q/Q Growth	2.05%	-6.36%	12.18%	18.55%	15.57%	-42.47%	2.08%	8.03%	10.61%	-32.59%	45.99%
EBIT Q/Q Growth	5.82%	-9.81%	9.39%	29.84%	21.15%	-54.10%	3.41%	7.64%	13.29%	-38.35%	56.22%
NOPAT Q/Q Growth	-13.70%	12.74%	11.12%	29.75%	-7.05%	-41.14%	4.97%	9.02%	3.77%	-40.59%	67.53%
Net Income Q/Q Growth	-11.04%	8.74%	9.49%	31.43%	-3.12%	-46.76%	5.16%	9.26%	1.50%	-36.93%	67.66%
EPS Q/Q Growth	-9.93%	8.46%	9.24%	32.22%	-1.10%	-46.47%	6.25%	10.34%	4.32%	-37.67%	70.23%
Operating Cash Flow Q/Q Growth	-95.74%	90.58%	10.51%	2,948.84%	-98.30%	51.64%	21.59%	371.67%	-115.74%	131.74%	76.98%
Free Cash Flow Firm Q/Q Growth	-19.70%	17.24%	-15.76%	-256.47%	43.62%	-6.75%	-1.79%	-88.77%	58.46%	-129.68%	12.24%
Invested Capital Q/Q Growth	4.26%	-3.60%	0.94%	15.43%	3.14%	-2.25%	-1.15%	6.45%	6.60%	-0.93%	-1.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.34%	37.51%	37.26%	37.53%	37.63%	37.44%	38.48%	37.75%	38.35%	37.40%	35.59%
EBITDA Margin	16.32%	15.00%	16.29%	15.74%	14.98%	12.59%	19.25%	17.08%	17.05%	15.62%	22.78%
Operating Margin	11.62%	10.39%	11.51%	11.40%	9.90%	7.97%	15.22%	13.38%	13.33%	11.87%	19.34%
EBIT Margin	11.55%	10.24%	11.55%	11.44%	9.94%	7.97%	15.28%	13.38%	13.40%	12.13%	19.34%
Profit (Net Income) Margin	8.31%	8.77%	8.20%	8.11%	6.96%	6.99%	11.54%	9.94%	9.81%	9.41%	14.66%
Tax Burden Percent	83.66%	101.77%	82.88%	81.55%	81.69%	106.02%	82.97%	81.46%	80.88%	86.19%	82.08%
Interest Burden Percent	86.00%	84.10%	85.65%	86.96%	85.76%	82.64%	91.04%	91.18%	90.47%	90.01%	92.38%
Effective Tax Rate	16.34%	-1.77%	17.12%	18.45%	18.31%	-6.02%	17.03%	18.54%	19.12%	14.77%	13.44%
Return on Invested Capital (ROIC)	12.49%	13.59%	11.34%	10.92%	10.95%	12.53%	19.20%	16.61%	17.10%	17.35%	23.89%
ROIC Less NNEP Spread (ROIC-NNEP)	11.38%	11.83%	10.18%	10.01%	10.00%	11.03%	17.97%	15.57%	16.10%	16.36%	22.05%
Return on Net Nonoperating Assets (RNNOA)	7.62%	6.57%	6.32%	6.57%	5.52%	5.16%	8.57%	9.03%	9.62%	7.32%	15.95%
Return on Equity (ROE)	20.11%	20.16%	17.66%	17.49%	16.47%	17.68%	27.77%	25.64%	26.72%	24.67%	39.84%
Cash Return on Invested Capital (CROIC)	-3.20%	-2.57%	-5.52%	-2.60%	7.81%	6.69%	6.31%	8.44%	11.59%	7.33%	35.22%
Operating Return on Assets (OROA)	9.22%	7.68%	8.38%	7.95%	7.73%	6.26%	13.14%	11.55%	11.65%	9.61%	15.72%
Return on Assets (ROA)	6.63%	6.57%	5.95%	5.64%	5.42%	5.48%	9.93%	8.58%	8.52%	7.46%	11.92%
Return on Common Equity (ROCE)	20.11%	20.16%	17.66%	17.49%	16.46%	17.68%	27.76%	25.62%	26.70%	24.65%	39.71%
Return on Equity Simple (ROE_SIMPLE)	17.43%	0.00%	14.45%	16.16%	18.77%	0.00%	22.18%	25.11%	24.87%	0.00%	12.62%
Net Operating Profit after Tax (NOPAT)	61	70	62	56	43	47	79	75	69	67	112
NOPAT Margin	9.72%	10.57%	9.54%	9.30%	8.09%	8.45%	12.63%	10.90%	10.78%	10.12%	16.74%
Net Nonoperating Expense Percent (NNEP)	1.11%	1.76%	1.16%	0.92%	0.95%	1.50%	1.23%	1.04%	1.00%	0.99%	1.85%
Return On Investment Capital (ROIC_SIMPLE)	2.53%	2.90%	-	-	-	1.97%	-	-	-	2.89%	-
Cost of Revenue to Revenue	60.66%	62.49%	62.74%	62.47%	62.37%	62.56%	61.52%	62.25%	61.65%	62.60%	64.41%
SG&A Expenses to Revenue	21.05%	20.62%	19.39%	19.77%	20.68%	22.93%	18.84%	18.29%	18.94%	19.71%	16.48%
R&D to Revenue	4.55%	4.35%	4.27%	4.71%	5.04%	4.70%	4.82%	4.47%	4.58%	4.34%	3.92%
Operating Expenses to Revenue	27.72%	27.12%	25.75%	26.13%	27.74%	29.46%	23.25%	24.37%	25.02%	25.53%	16.26%
Earnings before Interest and Taxes (EBIT)	72	68	76	69	53	44	96	93	86	80	130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	100	107	95	80	69	121	118	109	103	153
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.32	3.51	3.83	3.13	3.34	2.76	3.40	3.49	3.27	2.68	2.29
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	116.17	0.00	141.25	90.32	62.86
Price to Revenue (P/Rev)	1.59	1.85	2.02	1.65	1.60	1.28	1.56	1.52	1.41	1.18	1.02
Price to Earnings (P/E)	19.07	22.89	26.49	19.35	17.79	13.24	15.30	13.90	13.16	12.03	18.20
Dividend Yield	0.20%	0.18%	0.17%	0.21%	0.22%	0.26%	0.21%	0.21%	0.23%	0.28%	0.33%
Earnings Yield	5.24%	4.37%	3.78%	5.17%	5.62%	7.55%	6.53%	7.20%	7.60%	8.31%	5.49%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.58	2.64	2.23	2.48	2.15	2.58	2.58	2.50	2.19	1.90
Enterprise Value to Revenue (EV/Rev)	1.95	2.15	2.40	2.03	1.88	1.52	1.79	1.78	1.63	1.36	1.21
Enterprise Value to EBITDA (EV/EBITDA)	12.34	13.88	16.03	12.91	11.69	9.12	10.45	9.84	9.24	7.76	6.54
Enterprise Value to EBIT (EV/EBIT)	17.47	19.91	23.31	18.01	15.91	11.96	13.33	12.26	11.48	9.63	8.04
Enterprise Value to NOPAT (EV/NOPAT)	19.98	22.86	27.02	20.95	18.59	14.18	16.14	14.63	13.65	11.55	9.97
Enterprise Value to Operating Cash Flow (EV/OCF)	13.96	15.06	16.69	13.43	12.79	11.95	12.94	13.74	14.00	12.58	12.46
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	32.65	33.66	43.10	32.10	22.33	31.77	4.91
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.96	0.87	0.99	1.19	1.02	1.03	0.96	1.02	1.04	1.02	0.92
Long-Term Debt to Equity	0.96	0.87	0.99	0.95	1.02	1.03	0.96	1.02	1.04	1.02	0.92
Financial Leverage	0.67	0.56	0.62	0.66	0.55	0.47	0.48	0.58	0.60	0.45	0.72
Leverage Ratio	2.69	2.67	2.66	2.80	2.70	2.77	2.61	2.79	2.92	3.13	3.03
Compound Leverage Factor	2.31	2.24	2.28	2.43	2.32	2.29	2.38	2.54	2.64	2.82	2.80
Debt to Total Capital	49.09%	46.61%	49.67%	54.42%	50.52%	50.80%	48.86%	50.51%	50.97%	50.37%	47.95%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	10.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	49.09%	46.61%	49.67%	43.53%	50.52%	50.80%	48.86%	50.51%	50.97%	50.37%	47.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%	0.04%
Common Equity to Total Capital	50.91%	53.39%	50.33%	45.58%	49.48%	49.20%	51.14%	49.49%	49.00%	49.59%	52.01%
Debt to EBITDA	2.92	2.96	3.48	3.99	3.04	2.88	2.55	2.47	2.53	2.55	2.20
Net Debt to EBITDA	2.28	1.99	2.55	2.44	1.74	1.45	1.37	1.40	1.27	1.04	1.05
Long-Term Debt to EBITDA	2.92	2.96	3.48	3.19	3.04	2.88	2.55	2.47	2.53	2.55	2.20
Debt to NOPAT	4.73	4.87	5.86	6.48	4.84	4.47	3.94	3.67	3.74	3.79	3.36
Net Debt to NOPAT	3.69	3.28	4.30	3.97	2.76	2.25	2.12	2.08	1.87	1.54	1.60
Long-Term Debt to NOPAT	4.73	4.87	5.86	5.18	4.84	4.47	3.94	3.67	3.74	3.79	3.36
Altman Z-Score	2.77	2.85	2.82	2.34	2.77	2.48	2.96	2.90	2.83	2.49	2.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%	0.04%	0.06%	0.07%	0.08%	0.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.93	1.92	2.07	1.70	2.55	2.30	2.55	2.53	2.70	2.40	2.54
Quick Ratio	1.15	1.25	1.30	1.16	1.68	1.60	1.83	1.80	1.88	1.76	1.80
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-252	-211	-255	-220	-62	-109	-102	-101	-53	-128	433
Operating Cash Flow to CapEx	23.18%	299.51%	374.70%	377.15%	11.25%	291.00%	685.18%	458.69%	-230.24%	369.22%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-8.14	0.00	0.00	0.00	-6.50	0.00	43.79
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.36	0.00	0.00	0.00	-3.89	0.00	8.84
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-2.83	0.00	0.00	0.00	-5.57	0.00	11.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.75	0.73	0.70	0.78	0.78	0.86	0.86	0.87	0.79	0.81
Accounts Receivable Turnover	6.57	5.98	5.15	5.11	6.21	5.88	5.71	5.70	6.65	6.33	5.96
Inventory Turnover	4.24	4.33	4.16	4.00	4.01	4.40	4.72	4.52	4.39	4.92	5.07
Fixed Asset Turnover	5.31	5.20	5.32	5.43	5.76	6.03	7.11	7.27	7.31	7.19	7.68
Accounts Payable Turnover	5.55	4.67	4.80	5.23	5.35	4.49	5.39	5.22	5.14	4.64	5.43
Days Sales Outstanding (DSO)	55.56	61.07	70.89	71.38	58.73	62.04	63.94	64.09	54.90	57.66	61.21
Days Inventory Outstanding (DIO)	86.14	84.22	87.66	91.17	90.93	83.04	77.26	80.79	83.13	74.15	72.01
Days Payable Outstanding (DPO)	65.76	78.15	76.06	69.76	68.18	81.25	67.68	69.88	70.95	78.59	67.18
Cash Conversion Cycle (CCC)	75.93	67.14	82.49	92.79	81.49	63.83	73.51	75.00	67.07	53.23	66.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,142	2,055	2,131	2,111	1,829	1,773	1,814	1,835	1,724	1,617	1,633
Invested Capital Turnover	1.28	1.29	1.19	1.17	1.35	1.48	1.52	1.52	1.59	1.71	1.43
Increase / (Decrease) in Invested Capital	313	281	317	276	105	156	182	176	123	195	-321
Enterprise Value (EV)	4,982	5,302	5,624	4,707	4,531	3,821	4,689	4,733	4,302	3,539	3,101
Market Capitalization	4,063	4,542	4,728	3,816	3,858	3,213	4,074	4,061	3,712	3,064	2,602
Book Value per Share	$30.36	$32.10	$30.27	$29.99	$28.20	$27.98	$28.36	$27.33	$26.43	$26.70	$26.05
Tangible Book Value per Share	($5.29)	($3.55)	($5.58)	($5.78)	($0.07)	($0.25)	$0.83	($0.40)	$0.61	$0.79	$0.95
Total Capital	2,401	2,425	2,454	2,676	2,336	2,371	2,345	2,350	2,313	2,305	2,180
Total Debt	1,179	1,130	1,219	1,456	1,180	1,204	1,146	1,187	1,179	1,161	1,045
Total Long-Term Debt	1,179	1,130	1,219	1,165	1,180	1,204	1,146	1,187	1,179	1,161	1,045
Net Debt	920	760	896	892	673	607	615	672	590	474	498
Capital Expenditures (CapEx)	32	58	24	22	24	55	15	19	14	55	-23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	285	203	296	310	293	226	328	354	318	209	292
Debt-free Net Working Capital (DFNWC)	544	574	619	874	800	823	859	869	907	896	839
Net Working Capital (NWC)	544	574	619	583	800	823	859	869	907	896	839
Net Nonoperating Expense (NNE)	8.82	12	8.76	7.17	6.01	8.09	6.85	6.65	6.24	4.66	14
Net Nonoperating Obligations (NNO)	920	760	896	892	673	607	615	672	590	474	498
Total Depreciation and Amortization (D&A)	30	32	31	26	27	25	25	26	23	23	23
Debt-free, Cash-free Net Working Capital to Revenue	11.19%	8.26%	12.62%	13.36%	12.18%	9.01%	12.53%	13.29%	12.04%	8.00%	11.40%
Debt-free Net Working Capital to Revenue	21.34%	23.30%	26.38%	37.72%	33.24%	32.78%	32.79%	32.62%	34.37%	34.39%	32.79%
Net Working Capital to Revenue	21.34%	23.30%	26.38%	25.15%	33.24%	32.78%	32.79%	32.62%	34.37%	34.39%	32.79%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$1.44	$1.32	$1.21	$0.91	$0.93	$1.72	$1.62	$1.48	$1.43	$2.26
Adjusted Weighted Average Basic Shares Outstanding	40.17M	40.69M	40.80M	40.69M	40.99M	42.24M	42.05M	42.50M	42.83M	43.85M	43.47M
Adjusted Diluted Earnings per Share	$1.27	$1.41	$1.30	$1.19	$0.90	$0.91	$1.70	$1.60	$1.45	$1.39	$2.23
Adjusted Weighted Average Diluted Shares Outstanding	40.84M	41.30M	41.42M	41.20M	41.49M	42.86M	42.63M	43.09M	43.67M	44.54M	44.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	39.50M	40.27M	40.34M	40.81M	40.68M	41.09M	41.68M	42.30M	42.55M	42.90M	42.81M
Normalized Net Operating Profit after Tax (NOPAT)	61	48	62	56	43	31	69	75	69	67	79
Normalized NOPAT Margin	9.72%	7.27%	9.54%	9.30%	8.09%	5.58%	11.04%	10.90%	10.78%	10.12%	11.85%
Pre Tax Income Margin	9.94%	8.61%	9.89%	9.95%	8.53%	6.59%	13.91%	12.20%	12.13%	10.92%	17.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	7.02	0.00	0.00	0.00	10.49	0.00	13.12
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	5.71	0.00	0.00	0.00	8.44	0.00	11.35
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	3.83	0.00	0.00	0.00	8.80	0.00	15.44
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	2.52	0.00	0.00	0.00	6.75	0.00	13.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.85%	4.16%	4.62%	4.23%	3.88%	3.50%	3.23%	2.98%	3.13%	3.51%	8.22%
Augmented Payout Ratio	3.85%	4.16%	4.62%	4.23%	3.88%	3.50%	3.23%	2.98%	3.13%	3.51%	8.22%

Frequently Asked Questions About Belden's Financials

When does Belden's financial year end?

According to the most recent income statement we have on file, Belden's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Belden's net income changed over the last 9 years?

Belden's net income appears to be on an upward trend, with a most recent value of $198.41 million in 2024, rising from $66.18 million in 2015. The previous period was $242.56 million in 2023. See where experts think Belden is headed by visiting Belden's forecast page.

What is Belden's operating income?

Belden's total operating income in 2024 was $266.46 million, based on the following breakdown:

Total Gross Profit: $922.22 million
Total Operating Expenses: $655.76 million

How has Belden revenue changed over the last 9 years?

Over the last 9 years, Belden's total revenue changed from $2.31 billion in 2015 to $2.46 billion in 2024, a change of 6.6%.

How much debt does Belden have?

Belden's total liabilities were at $2.03 billion at the end of 2024, a 2.0% decrease from 2023, and a 17.5% decrease since 2015.

How much cash does Belden have?

In the past 9 years, Belden's cash and equivalents has ranged from $216.75 million in 2015 to $848.12 million in 2016, and is currently $370.30 million as of their latest financial filing in 2024.

How has Belden's book value per share changed over the last 9 years?

Over the last 9 years, Belden's book value per share changed from 19.63 in 2015 to 32.10 in 2024, a change of 63.5%.

Related Companies

This page (NYSE:BDC) was last updated on 5/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Belden (BDC) Financials

Frequently Asked Questions About Belden's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Belden (BDC) Financials

Annual Income Statements for Belden

Quarterly Income Statements for Belden

Annual Cash Flow Statements for Belden

Quarterly Cash Flow Statements for Belden

Annual Balance Sheets for Belden

Quarterly Balance Sheets for Belden

Annual Metrics And Ratios for Belden

Quarterly Metrics And Ratios for Belden

Frequently Asked Questions About Belden's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools