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▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
In fiscal 2025, BELDEN INC. recorded $2.72B of revenue, net income of $237.52M, and an operating cash inflow of $354.86M. Revenue of $2.72B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 10.3% above fiscal 2024 revenue of $2.46B, marking a year-over-year increase. The company reported diluted EPS of $5.91, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 23.1% increase from fiscal 2024 diluted EPS of $4.80. Revenue equaled 0.77x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.Profitability
Gross profit was $1.03B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 38.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $315.69M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 11.6%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $237.52M for the fiscal year. Net margin was 8.7%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $266.87M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 9.8% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $29.34M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 11.0%, quantifying the portion of pre-tax earnings paid in income tax.Liquidity and Capital Structure
The company held $3.54B of assets against $2.28B of liabilities and $1.26B of equity, revealing how the asset base was financed. Current assets were $1.35B against $697.50M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.93x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $389.89M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 55.9% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $1.29B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 1.02x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 36.3%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 64.3%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 11.0% of total assets, showing the liquid cash component within the company’s broader resource base.Cash Flow and Earnings Quality
The company reported $354.86M of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.49x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $136.17M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 38.4% of operating cash flow, leaving the remainder available as free cash flow. The combination of operating cash flow and capital spending produced $218.69M of positive free cash flow for the period. Relative to revenue, free cash flow equaled 8.1%, showing how much sales converted into cash after investment. Free cash flow equaled 6.2% of total assets, relating post-investment cash generation to the company’s resource base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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