Belden Inc. (BDC) Income Statement
BDC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBDC revenue and net income
Where BDC's revenue goes
2025Each bar shows an amount and its share of revenue. BDC kept 8.7% of revenue as net income.
BDC profit margins
BDC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.3% | +1.4% | +9.2% | +1.6% |
| Gross profit | +6.1% | +2.2% | +11.2% | +0.6% |
| Operating income | +24.5% | −3.0% | +17.2% | +9.0% |
| Net income | +19.7% | −2.3% | — | +13.6% |
| EPS (diluted) | +18.4% | +5.5% | +22.4% | +4.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BDC quarterly EPS vs estimates
Belden beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 29, 2026 (estimate $2.30).
BDC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.72B | $2.46B | $2.51B | $2.61B | $2.30B | $1.75B | $2.13B | $2.17B | $2.09B | $2.36B |
| Cost of revenue | $1.74B | $1.54B | $1.56B | $1.69B | $1.53B | $1.18B | $1.34B | $1.34B | $1.28B | $1.38B |
| Gross profit | $978.2M | $922.2M | $955.0M | $916.3M | $771.8M | $575.6M | $793.5M | $829.9M | $802.3M | $981.3M |
| Research & development | $128.4M | $112.4M | $116.4M | $104.3M | $90.2M | $73.0M | $94.4M | $91.6M | $88.7M | $140.5M |
| Sales, general & admin | $526.8M | $494.6M | $496.2M | $448.6M | $426.3M | $366.2M | $417.3M | $525.9M | $461.0M | $494.2M |
| Total operating expenses | $646.5M | $655.8M | $637.4M | $553.0M | $508.2M | $425.5M | $586.3M | $578.0M | $568.7M | $725.3M |
| Operating income | $331.7M | $266.5M | $317.5M | $363.3M | $263.7M | $150.1M | $207.2M | $314.0M | $233.6M | $232.1M |
| Interest income | $46.4M | $38.3M | $33.6M | $43.6M | $62.7M | $58.9M | $55.8M | $60.8M | $82.7M | $95.0M |
| Interest expense | $46.4M | $38.3M | $33.6M | $43.6M | $62.7M | $58.9M | $55.8M | $60.8M | $82.7M | $95.0M |
| Income before taxes | $266.9M | $227.9M | $285.8M | $317.4M | $226.8M | $90.8M | $152.4M | $230.1M | $98.0M | $126.5M |
| Income taxes | $29.3M | $29.5M | $43.2M | $49.6M | $27.9M | $20.1M | $42.5M | $62.9M | −$4.6M | −$1.2M |
| Net income | $237.5M | $198.4M | $242.8M | $254.7M | $63.9M | −$55.2M | −$377.0M | $160.9M | $93.2M | $128.0M |
| EBITDA | $442.7M | $382.0M | $418.8M | $449.7M | $377.5M | $258.4M | $347.5M | $439.6M | $330.3M | $367.1M |
| EPS (diluted) | $7.54 | $6.37 | $6.83 | $6.43 | $4.78 | $2.75 | $4.95 | $6.06 | $5.32 | $5.26 |
| Gross margin | 36.0% | 37.5% | 38.0% | 35.2% | 33.5% | 32.9% | 37.2% | 38.3% | 38.4% | 41.6% |
| Operating margin | 12.2% | 10.8% | 12.6% | 13.9% | 11.5% | 8.6% | 9.7% | 14.5% | 11.2% | 9.8% |
| Net margin | 8.7% | 8.1% | 9.7% | 9.8% | 2.8% | −3.1% | −17.7% | 7.4% | 4.5% | 5.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $750.2M | $696.4M | $720.1M | $698.2M | $672.0M | $624.9M | $666.0M | $654.9M | $604.3M | $535.7M | $535.7M | $626.8M |
| Cost of revenue | $456.5M | $445.7M | $469.1M | $448.7M | $426.9M | $379.0M | $416.2M | $410.9M | $377.5M | $334.1M | $334.1M | $385.6M |
| Gross profit | $293.6M | $250.7M | $251.0M | $249.6M | $245.1M | $245.8M | $249.8M | $244.0M | $226.8M | $201.6M | $201.6M | $241.2M |
| Research & development | $31.7M | $28.9M | $32.3M | $33.9M | $33.9M | $28.4M | $29.0M | $27.9M | $28.5M | $27.0M | $27.0M | $30.2M |
| Sales, general & admin | $147.8M | $138.7M | $130.5M | $139.4M | $131.9M | $132.0M | $137.4M | $127.0M | $119.5M | $110.5M | $111.0M | $118.1M |
| Total operating expenses | $179.5M | $164.6M | $161.8M | $164.1M | $162.7M | $173.2M | $180.6M | $168.7M | $157.9M | $148.6M | $148.6M | $145.7M |
| Operating income | $114.1M | $86.1M | $89.2M | $85.5M | $82.4M | $72.6M | $69.2M | $75.3M | $68.9M | $53.0M | $53.0M | $95.4M |
| Interest income | — | — | $12.5M | $11.6M | $12.2M | $10.1M | $10.8M | $10.9M | — | — | — | $8.6M |
| Interest expense | $13.6M | $13.5M | $12.5M | $11.6M | $12.2M | $10.1M | $10.8M | $10.9M | $9.0M | $7.6M | $7.6M | $8.6M |
| Income before taxes | $118.1M | $62.8M | $73.9M | $64.3M | $66.7M | $62.1M | $57.4M | $64.8M | $60.1M | $45.7M | $45.7M | $87.2M |
| Income taxes | $34.3M | $11.7M | $6.0M | $7.6M | $5.7M | $10.1M | −$1.0M | $11.1M | $11.1M | $8.4M | $8.4M | $14.8M |
| Net income | $68.5M | $51.0M | $67.9M | $56.7M | $61.0M | $51.9M | $58.4M | $53.7M | $49.0M | $37.3M | $37.3M | $72.3M |
| EBITDA | $150.2M | $108.7M | $120.4M | $109.5M | $110.9M | $102.0M | $99.9M | $106.7M | $95.1M | $80.2M | $80.2M | $120.7M |
| EPS (diluted) | $2.34 | $1.77 | $2.08 | $1.97 | $1.89 | $1.60 | $1.92 | $1.70 | $1.51 | $1.24 | $1.46 | $1.78 |
| Gross margin | 39.1% | 36.0% | 34.9% | 35.7% | 36.5% | 39.3% | 37.5% | 37.3% | 37.5% | 37.6% | 37.6% | 38.5% |
| Operating margin | 15.2% | 12.4% | 12.4% | 12.2% | 12.3% | 11.6% | 10.4% | 11.5% | 11.4% | 9.9% | 9.9% | 15.2% |
| Net margin | 9.1% | 7.3% | 9.4% | 8.1% | 9.1% | 8.3% | 8.8% | 8.2% | 8.1% | 7.0% | 7.0% | 11.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BDC's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BDC financial results
In fiscal year 2025 (ended December 31, 2025), Belden reported revenue of $2.7 billion, up 10.3% from the year before. It had net income of $237.5 million (up 19.7%), a net profit margin of 8.7%. Diluted earnings per share came to $7.54. Over five years revenue grew at an average rate of 9.2% a year.
See the BDC stock overview for the latest quote and news, or the BDC chart for price history and technical indicators.
BDC income statement FAQ
What is Belden's annual revenue?
Belden reported total revenue of $2.7 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.3% from $2.5 billion the previous year.
Is Belden profitable?
Yes. Belden reported net income of $237.5 million in fiscal 2025, a net profit margin of 8.7%; its operating margin was 12.2%.
What is Belden's gross margin?
Belden's gross margin was 36.0% in fiscal 2025: for every $100 of revenue, Belden kept $36 after the direct cost of its products and services.
How much does Belden spend on research and development?
Belden spent $128.4 million on research and development in fiscal 2025, 4.7% of revenue.
How fast is Belden growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $1.8 billion to $2.7 billion.
What are Belden's earnings per share?
Belden earned $7.54 per diluted share in fiscal 2025, compared with $6.37 a year earlier.
When will Belden report its next earnings?
Belden is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Belden's fiscal year end?
Belden's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.