Pulling SEC filings + quote and writing the call…

BELDEN INC.
Next earnings Jul 29, 2026 (before open) · consensus $2.04 EPS, $753M rev
Last earnings -11.8% on 2026-04-30
Belden grew revenue 10% and EPS 23% with a 19% ROE as it shifts toward higher-value networking solutions; fair at 20.9x.
Sources: SEC EDGAR (CIK 0000913142, latest 10-Q filed 2026-04-30) · analysis by claude-code · as of 6/21/2026, 8:58:27 PM.
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Belden has been transforming from a commoditized cable maker into a higher-value provider of complete network connectivity and data-infrastructure solutions, and FY2025 shows the strategy gaining traction. Revenue grew 10.3% to $2.72B — re-accelerating after a flat FY2023-2024 — while net income rose 19.7% to $238M and diluted EPS jumped 23.1% to $5.91, the EPS outpacing net income thanks to a 3.8% reduction in shares. Operating income grew 18.5% to $316M (11.6% operating margin) and the gross margin held a solid 38.0%, evidence the solutions mix shift and pricing discipline are improving profitability. ROE of 18.8% is attractive.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.30B | $2.61B | $2.51B | $2.46B | $2.72B |
| Gross profit | $772M | $916M | $955M | $922M | $1.03B |
| Operating income | $264M | $363M | $318M | $266M | $316M |
| Net income | $63.9M | $255M | $243M | $198M | $238M |
| Diluted EPS | $1.41 | $5.72 | $5.66 | $4.80 | $5.91 |
| Net margin | 2.8% | 9.8% | 9.7% | 8.1% | 8.7% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
| 2026-05-21 | McCray Gregory James Director | Award | 1.53K | |
| 2026-05-21 | Lee Vivie Director | Award | 1.53K | |
| 2026-05-21 | KLEIN JONATHAN C Director | Award | 1.53K | |
| 2026-05-21 | Calderon Nancy E. Director | Award | 1.53K | |
| 2026-05-21 | Brown Judy L Director | Award | 1.53K | |
| 2026-05-21 | Brink Diane D Director | Award | 1.53K | |
| 2026-05-21 | BALK LANCE C Director | Award | 1.53K | |
| 2026-05-21 | AL-SALEH ADEL Director | Award | 1.53K |