Belden Inc. (BDC) AI Stock Analysis
BDC AI stock analysis summary
AI ResearchBelden Inc. (BDC) delivers signal transmission and networking solutions across Enterprise and Industrial segments. The company generated $2.72B in FY2025 revenue and $218.7M in free cash flow, supported by a 5-year revenue CAGR of 9.2%. Despite trailing twelve-month revenue reaching $2.86B, the stock is down 11.7% year-to-date at $102.83.
- Market cap
- $4.02B
- Revenue (TTM)
- $2.86B
- P/E
- 16.7x fwd 14.9x
- 1Y return
- -8.2% S&P 500 16.8%
- Avg. target
- $153.20 49.0% vs last close
Bull case
- Belden's forward P/E of 14.9x and PEG ratio of 0.99 trade below the US-listed Technology peer median forward P/E of 18.8x.
- Earnings momentum remains positive, with EPS beating estimates in the last 4 consecutive quarters and FY2026 estimated EPS of $8.65 representing 14.7% growth.
- Free cash flow generation reached $218.7M in FY2025, supporting a share count reduction of 14.1% over 5 years.
Bear case
- Belden holds total debt of $1.32B and net debt of $970.6M relative to $348.7M in cash and short-term investments as of June 30, 2026.
- Short interest is elevated, with short percent of float standing at 15.3%.
- Price performance has lagged the broader market, falling 8.2% over the past year while the S&P 500 gained 16.8%.
What Belden does
Belden Inc. is a global provider of signal transmission solutions operating via two main segments: Enterprise Solutions and Industrial Solutions. Enterprise Solutions offers copper and fiber cable solutions, connectivity products, interconnect panels, racks, enclosures, signal extension systems, power management, cooling, and airflow solutions for local area networks, data centers, 5G, and building automation. Industrial Solutions provides infrastructure components, on-machine connectivity systems, industrial Ethernet switches, routers, firewalls, network management software, and heat-shrinkable tubing. These products serve diverse applications in network infrastructure, sensor connectivity, commercial real estate, healthcare, education, government, and military installations.
Growth and profitability
Belden expanded revenue from $2.30B in FY2021 to $2.61B in FY2022, before experiencing contractions of 3.6% in FY2023 to $2.51B and 2.0% in FY2024 to $2.46B. Growth rebounded in FY2025 by 10.3% to $2.72B, with net income rising to $237.5M and EPS reaching $7.54. Gross margin stood at 36.0% and operating margin was 12.2% in FY2025. Over the trailing twelve months ended June 30, 2026, revenue reached $2.86B with a profit margin of 8.5% and EPS of $6.15. In the latest quarter, year-over-year quarterly revenue grew 11.6% and quarterly earnings increased 13.7%.
Balance sheet and cash flow
As of June 30, 2026, Belden held $348.7M in cash and short-term investments against total debt of $1.32B, resulting in net debt of $970.6M. Shareholders' equity was $1.38B, yielding a debt-to-equity ratio of 0.95 and a current ratio of 2.14. Total assets were $3.57B. In FY2025, operating cash flow reached $354.9M and capital expenditures were $136.2M. Capital allocation in FY2025 included $216.4M toward share buybacks and $8.0M for dividends, contributing to a 14.1% reduction in share count over 5 years.
Valuation and performance
Belden trades at a trailing P/E of 16.7x and a forward P/E of 14.9x, both below the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its enterprise value to EBITDA sits at 11.5x compared to the peer median of 16.6x, while its price-to-sales ratio is 1.4x versus 2.8x. Over the past year, BDC shares fell 8.2%, lagging the S&P 500 return of 16.8%. Over a 5-year period, BDC returned 71.7% compared to 83.0% for the S&P 500.
BDC dividend
Belden pays an annual forward dividend of $0.20 per share, representing a dividend yield of 0.19% and a payout ratio of 2.5%. The company distributes dividends quarterly and has paid dividends for 23 consecutive years. Its 5-year annualized dividend growth rate is 0.0%, and its last ex-dividend date was September 16, 2026.
What analysts expect
Wall Street coverage includes 4 Strong Buy and 1 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target is $153.20, representing a 49.0% upside to the last close of $102.83. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $8.65 on revenue of $3.37B. Belden has beaten EPS estimates in each of the last 4 quarters, and its next earnings date is October 29, 2026.
Key risks and what to watch
- Historical revenue volatility is evident from back-to-back annual sales contractions of 3.6% in FY2023 and 2.0% in FY2024.
- A net debt burden of $970.6M alongside a debt-to-equity ratio of 0.95 may limit capital flexibility if operational conditions soften.
- The stock trades 13.3% below its 200-day moving average and remains near its 52-week low of $98.00.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this BDC AI stock analysis
This page is an AI-written research summary of Belden Inc. (BDC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: BDC income statement, BDC balance sheet, BDC key metrics, BDC analyst forecast, BDC chart. See the BDC stock overview for the latest quote and news.
BDC AI stock analysis FAQ
What is Belden's current dividend yield and payout?
Belden pays an annual forward dividend of $0.20 per share, which equals a dividend yield of 0.19%. The dividend payout ratio is 2.5%, paid on a quarterly schedule.
How did Belden perform financially in FY2025?
In FY2025, Belden delivered revenue of $2.72B, up 10.3% year-over-year. The company reported net income of $237.5M, diluted EPS of $7.54, and free cash flow of $218.7M.
What do analysts project for Belden's earnings and price target?
Analysts hold a mean price target of $153.20, which is 49.0% above the last close of $102.83. Consensus estimates project full-year EPS of $8.65 for FY2026 and $10.03 for FY2027.
What does Belden's balance sheet look like?
As of June 30, 2026, Belden had $348.7M in cash and short-term investments, $1.32B in total debt, and net debt of $970.6M. Its current ratio was 2.14 and its debt-to-equity ratio stood at 0.95.