Filing Flows › Belden (BDC) › Q4 2025
Belden (BDC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Belden (BDC) reported revenue of $720M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +3% from the quarter before. Operating margin was 12.2%, net earnings $67.9M (9.4% of revenue).
Belden, Q4 2025: revenue $720M (+8% year over year), operating margin 12.2%, net earnings $67.9M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $720M | +3% | +8% |
| Gross profit | $264M | +0.1% | +6% |
| Operating profit | $87.5M | +15% | +27% |
| Net earnings | $67.9M | +20% | +16% |
| Operating cash flow | $160M | +53% | -8% |
| Free cash flow | $121M | +86% | +4% |
What changed
Revenue was $720.1M in Q4 2025, up 8% year over year and up 3% from the previous quarter. Automation Solutions was the largest line at 55% of revenue.
Gross margin was 36.6%, down 0.9 points from a year earlier. Operating profit was $87.5M, a 12.2% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 10% margin then. Operating expenses fell 3% while revenue rose 8%. The fastest-growing cost line was Research & development (+12%). Net earnings were $67.9M, up 16% year over year. The effective tax rate was 8.1%.
Operating cash flow was $160.4M (down 8% year over year), 236% of net earnings. Non-cash charges added back $34.0M of depreciation and amortization and $7.4M of share-based compensation. Working capital and other items added $51.1M. Capital expenditures of $39.1M left free cash flow of $121.2M.
Questions
What was Belden's revenue in the fourth quarter 2025?
Belden (BDC) reported revenue of $720M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +3% from the quarter before.
Was Belden profitable in the fourth quarter 2025?
Operating profit was $87.5M (12.2% of revenue) and net earnings $67.9M.
Source: Belden 10-K on SEC EDGAR.