Belden (BDC) Gross Margin (2009 - 2026)
Belden (BDC) reported Gross Margin of 37.06% for Q1 2026, down 228.0% on a YoY basis from 28.95% in Q1 2025, and up 1.26% quarter-over-quarter from 36.6% in Q4 2025.
Belden (BDC) Gross Margin (2009 - 2026) Analysis & Trends
Belden has reported Gross Margin for 18 years, with the latest figure at 37.06% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 228.0% year-over-year to 37.06%; the trailing twelve-month figure through Mar 2026 stood at 37.44% (down 46.0% YoY), and the FY2025 full-year result was 37.98%, up 50.0% from the prior year.
- Gross Margin for Q1 2026 stood at 37.06%, up from 36.6% in the prior quarter.
- The five-year high for Gross Margin was 39.34% in Q1 2025, with the low at 33.35% in Q3 2022.
- Historically, Gross Margin has averaged 37.16% across 5 years, with a median of 37.51% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 440 bps — and 2026, when it plunged 228 bps.
- Belden's Gross Margin stood at 37.4% in 2022, then increased by 0 bps to 37.44% in 2023, then gained by 0 bps to 37.51% in 2024, then declined by 2 bps to 36.6% in 2025, then grew by 1 bps to 37.06% in 2026.
- The last three Gross Margin figures came in at 37.06% (Q1 2026), 36.6% (Q4 2025), and 37.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 63.63% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 43.83% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 50.18% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 88.72% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 44.16% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 47.03% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -470.73% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | 29.06% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 49.63% |
| 10 | Belden | 4.12 Bn | 3.85 Bn | 258.09 Mn | 37.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 37.06% |
| Dec 31, 2025 | 36.60% |
| Sep 28, 2025 | 37.70% |
| Jun 29, 2025 | 38.48% |
| Mar 30, 2025 | 39.34% |
| Dec 31, 2024 | 37.51% |
| Sep 29, 2024 | 37.26% |
| Jun 30, 2024 | 37.53% |
| Mar 31, 2024 | 37.63% |
| Dec 31, 2023 | 37.44% |
| Oct 1, 2023 | 38.48% |
| Jul 2, 2023 | 37.75% |
| Apr 2, 2023 | 38.35% |
| Dec 31, 2022 | 37.40% |
| Oct 2, 2022 | 35.59% |
| Jul 3, 2022 | 33.35% |
| Apr 3, 2022 | 34.22% |
| Dec 31, 2021 | 33.98% |
| Oct 3, 2021 | 33.63% |
| Jul 4, 2021 | 33.23% |