Belden (BDC) Financials

$94.89 +0.07 (+0.08%)

Closing price 03:59 PM Eastern

Extended Trading

$94.54 -0.35 (-0.37%)

As of 04:20 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	66	113	58	126	-395	-55	64	255	243	198
Consolidated Net Income / (Loss)	66	128	93	161	-377	-55	64	255	243	198
Net Income / (Loss) Continuing Operations	67	128	103	167	110	71	199	268	243	198
Total Pre-Tax Income	40	126	98	230	152	91	227	317	286	228
Total Operating Income	141	232	234	314	207	150	264	363	318	266
Total Gross Profit	918	981	802	830	794	576	772	916	955	922
Total Revenue	2,309	2,357	2,087	2,166	2,131	1,752	2,301	2,606	2,512	2,461
Operating Revenue	2,309	2,357	2,087	2,166	2,131	1,752	2,301	2,606	2,512	2,461
Total Cost of Revenue	1,391	1,375	1,285	1,336	1,338	1,177	1,529	1,690	1,557	1,539
Operating Cost of Revenue	1,391	1,375	1,285	1,336	1,338	1,177	1,529	1,690	1,557	1,539
Total Operating Expenses	778	749	569	516	586	426	508	553	637	656
Selling, General & Admin Expense	526	486	390	411	417	323	378	449	493	495
Research & Development Expense	148	141	89	92	94	73	90	104	116	112
Amortization Expense	104	98	90	75	75	29	31	38	40	49
Other Special Charges / (Income)	-	0.00	0.00	-62	0.00	0.00	0.00	-38	-12	0.00
Total Other Income / (Expense), net	-101	-106	-136	-84	-55	-59	-37	-46	-32	-39
Interest Expense	101	97	135	84	56	59	68	6.39	0.00	0.00
Interest & Investment Income	-	-	-	-	-	-	-	-44	-34	-38
Other Income / (Expense), net	-	-8.23	-0.56	-0.10	1.02	0.00	32	4.01	1.86	-0.22
Income Tax Expense	-27	-1.19	-4.62	63	43	20	28	50	43	30
Net Income / (Loss) Discontinued Operations	-0.33	-	-9.75	-6.43	-487	-126	-135	-13	0.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.02	-0.36	-0.36	-0.18	0.24	0.10	0.39	0.16	-0.20	-0.02
Basic Earnings per Share	$1.56	$2.67	$1.38	$3.10	($9.37)	($1.23)	$1.43	$5.81	$5.75	$4.88
Weighted Average Basic Shares Outstanding	42.39M	42.09M	42.22M	40.68M	42.20M	44.78M	44.80M	43.85M	42.24M	40.69M
Diluted Earnings per Share	$1.54	$2.65	$1.37	$3.08	($9.37)	($1.23)	$1.41	$5.72	$5.66	$4.80
Weighted Average Diluted Shares Outstanding	42.95M	42.56M	42.64M	40.96M	42.42M	44.94M	45.36M	44.54M	42.86M	41.30M
Weighted Average Basic & Diluted Shares Outstanding	42.40M	42.20M	42.20M	40.60M	45.46M	44.66M	44.99M	42.90M	41.09M	40.27M
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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	98	62	63	69	72	38	37	49	54	58
Consolidated Net Income / (Loss)	98	62	63	69	72	39	37	49	54	58
Net Income / (Loss) Continuing Operations	104	61	63	69	72	39	37	49	54	58
Total Pre-Tax Income	120	72	78	84	87	36	46	60	65	57
Total Operating Income	130	78	86	93	95	44	53	69	75	69
Total Gross Profit	239	246	246	261	241	206	202	227	244	250
Total Revenue	670	659	642	692	627	551	536	604	655	666
Operating Revenue	670	659	642	692	627	551	536	604	655	666
Total Cost of Revenue	432	413	396	431	386	345	334	378	411	416
Operating Cost of Revenue	432	413	396	431	386	345	334	378	411	416
Total Operating Expenses	109	168	161	169	146	162	149	158	169	181
Selling, General & Admin Expense	110	130	122	127	118	126	111	119	127	137
Research & Development Expense	26	29	29	31	30	26	27	28	28	29
Amortization Expense	10	9.76	9.61	11	9.53	10	11	9.94	14	14
Total Other Income / (Expense), net	-9.86	-6.28	-7.71	-8.17	-8.25	-7.63	-7.35	-8.79	-11	-12
Other Income / (Expense), net	0.03	1.71	0.49	-	0.33	-	0.23	0.23	0.29	-0.96
Income Tax Expense	16	11	15	16	15	-2.19	8.36	11	11	-1.01
Net Income / (Loss) Attributable to Noncontrolling Interest	0.03	0.05	-0.25	0.02	-0.02	0.04	-0.00	-0.01	-0.00	-0.00
Basic Earnings per Share	$2.26	$1.43	$1.48	$1.62	$1.72	$0.93	$0.91	$1.21	$1.32	$1.44
Weighted Average Basic Shares Outstanding	43.47M	43.85M	42.83M	42.50M	42.05M	42.24M	40.99M	40.69M	40.80M	40.69M
Diluted Earnings per Share	$2.23	$1.39	$1.45	$1.60	$1.70	$0.91	$0.90	$1.19	$1.30	$1.41
Weighted Average Diluted Shares Outstanding	44.06M	44.54M	43.67M	43.09M	42.63M	42.86M	41.49M	41.20M	41.42M	41.30M
Weighted Average Basic & Diluted Shares Outstanding	42.81M	42.90M	42.55M	42.30M	41.68M	41.09M	40.68M	40.81M	40.34M	40.27M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	20	140	-99	-74	16	66	-90	58	-242	47
Net Cash From Operating Activities	87	202	-32	87	105	160	2.72	83	92	175
Net Cash From Continuing Operating Activities	87	202	-32	87	105	160	2.72	83	92	175
Net Income / (Loss) Continuing Operations	98	62	63	69	72	39	37	49	54	58
Consolidated Net Income / (Loss)	98	62	63	69	72	39	37	49	54	58
Depreciation Expense	23	23	23	26	25	25	27	26	31	32
Non-Cash Adjustments To Reconcile Net Income	-20	-4.70	6.25	5.90	-9.37	6.18	6.40	8.25	7.44	5.45
Changes in Operating Assets and Liabilities, net	-14	122	-124	-14	17	89	-68	-0.30	-0.52	79
Net Cash From Investing Activities	18	-55	-3.84	-117	-24	-55	-24	-21	-321	-61
Net Cash From Continuing Investing Activities	18	-55	-3.84	-117	-24	-55	-24	-21	-321	-61
Purchase of Property, Plant & Equipment	-19	-55	-14	-19	-29	-55	-24	-22	-25	-58
Acquisitions	-0.36	-0.12	-	-	-9.13	-	-	-	-296	-0.86
Sale of Property, Plant & Equipment	42	-	0.00	0.01	14	-	0.06	-	0.05	0.01
Divestitures	-4.11	-	10	-0.70	-	-	0.00	-	-	-1.32
Net Cash From Financing Activities	-73	-17	-64	-42	-62	-45	-65	-2.46	-17	-59
Net Cash From Continuing Financing Activities	-73	-17	-64	-42	-62	-45	-65	-2.46	-17	-59
Repayment of Debt	-0.04	0.12	-0.04	-0.08	-0.14	0.25	-0.23	-0.23	-0.24	1.42
Repurchase of Preferred Equity	-70	-14	-50	-36	-64	-42	-58	-	-20	-56
Payment of Dividends	-2.24	-2.19	-2.15	-2.14	-2.12	-2.09	-2.08	-2.04	-2.04	-2.11
Other Financing Activities, net	-1.37	-0.81	-13	-3.65	-0.37	-0.56	-7.92	-0.19	-0.82	-1.86
Effect of Exchange Rate Changes	-	-	0.88	-1.62	-3.06	5.82	-3.81	-1.11	4.56	-7.99

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,960	3,067	3,145	3,129	3,119	3,523	3,340
Total Current Assets	1,385	1,441	1,437	1,412	1,314	1,413	1,198
Cash & Equivalents	547	589	515	531	507	565	323
Accounts Receivable	437	418	510	481	356	397	430
Inventories, net	351	371	345	336	374	375	368
Other Current Assets	49	63	67	64	77	76	77
Plant, Property, & Equipment, net	332	382	393	405	454	461	477
Total Noncurrent Assets	1,243	1,244	1,316	1,312	1,351	1,649	1,665
Goodwill	849	864	893	893	902	1,031	1,057
Intangible Assets	244	243	287	272	257	424	406
Noncurrent Deferred & Refundable Income Taxes	30	15	15	15	17	16	17
Other Noncurrent Operating Assets	121	122	121	133	176	178	185
Total Liabilities & Shareholders' Equity	2,960	3,067	3,145	3,129	3,119	3,523	3,340
Total Liabilities	1,826	1,933	1,982	1,930	1,963	2,303	2,105
Total Current Liabilities	546	534	568	553	515	830	579
Accounts Payable	298	295	290	305	264	261	307
Accrued Expenses	248	239	277	248	251	277	273
Total Noncurrent Liabilities	1,280	1,398	1,415	1,377	1,449	1,473	1,526
Long-Term Debt	1,045	1,179	1,187	1,146	1,180	1,165	1,219
Noncurrent Deferred & Payable Income Tax Liabilities	59	58	68	68	51	90	88
Noncurrent Employee Benefit Liabilities	97	67	67	65	72	70	70
Other Noncurrent Operating Liabilities	79	93	92	98	146	148	148
Total Equity & Noncontrolling Interests	1,135	1,134	1,163	1,199	1,156	1,220	1,235
Total Preferred & Common Equity	1,134	1,134	1,163	1,199	1,156	1,220	1,235
Total Common Equity	1,134	1,134	1,163	1,199	1,156	1,220	1,235
Common Stock	823	810	810	813	815	824	834
Retained Earnings	692	813	879	949	1,021	1,068	1,120
Accumulated Other Comprehensive Income / (Loss)	37	-23	-28	-6.61	-32	-25	-55
Other Equity Adjustments	-418	-466	-498	-556	-648	-	-663
Noncontrolling Interest	0.86	0.69	0.02	0.00	0.04	0.03	0.03

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

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

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

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

Frequently Asked Questions About Belden's Financials

When does Belden's fiscal year end?

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

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%.

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This page (NYSE:BDC) was last updated on 4/15/2025 by MarketBeat.com Staff

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Belden (BDC) Financials

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Belden (BDC) Financials

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