Belden (BDC) Operating Margin (2009 - 2026)
Belden (BDC) posted Operating Margin of 11.19% for Q1 2026, down 7.91% on a QoQ basis from 12.16% in Q4 2025, and down 43.0% year-over-year from 19.64% in Q1 2025.
Belden (BDC) Operating Margin (2009 - 2026) Analysis & Trends
Belden's Operating Margin history runs 18 years deep, the most recent figure standing at 11.19% for Q1 2026.
- Quarterly Operating Margin fell 43.0% year-over-year to 11.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.52% (up 30.0% YoY) and the FY2025 annual result came in at 11.63%, up 80.0% from the prior year.
- Operating Margin was 11.19% for Q1 2026 at Belden, down from 12.16% in the prior quarter.
- Across five years, Operating Margin topped out at 19.34% in Q4 2022 and bottomed at 7.97% in Q4 2023.
- A 5-year average of 12.14% and a median of 11.79% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin surged 698 bps — and 2023, when it tumbled 411 bps.
- Belden's Operating Margin stood at 11.87% in 2022, then slumped by 33 bps to 7.97% in 2023, then jumped by 30 bps to 10.39% in 2024, then rose by 17 bps to 12.16% in 2025, then decreased by 8 bps to 11.19% in 2026.
- Business Quant data shows BDC's Operating Margin at 11.19% in Q1 2026, 12.16% in Q4 2025, and 10.93% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 457.56 Bn | 440.92 Bn | 10.08 Bn | 25.00% |
| 2 | Motorola Solutions | 73.00 Bn | 72.12 Bn | 1.36 Bn | 19.34% |
| 3 | Hewlett Packard Enterprise | 60.74 Bn | 55.90 Bn | 9.10 Bn | 5.05% |
| 4 | Ciena | 49.62 Bn | 48.32 Bn | 625.52 Mn | 13.27% |
| 5 | Nokia | 48.17 Bn | 40.87 Bn | 9.86 Bn | -2,316.67% |
| 6 | Lumentum Holdings | 46.80 Bn | 43.63 Bn | 357.00 Mn | 21.59% |
| 7 | Ericsson Lm Telephone | 33.20 Bn | 27.52 Bn | 2.53 Bn | 11.23% |
| 8 | Ubiquiti | 32.27 Bn | 31.90 Bn | 370.71 Mn | 36.90% |
| 9 | AST SpaceMobile | 16.29 Bn | 16.29 Bn | 3.67 Mn | -1,089.07% |
| 10 | Belden | 4.07 Bn | 3.80 Bn | 258.09 Mn | 11.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 29, 2026 | 11.19% |
| Dec 31, 2025 | 12.16% |
| Sep 28, 2025 | 10.93% |
| Jun 29, 2025 | 11.79% |
| Mar 30, 2025 | 11.62% |
| Dec 31, 2024 | 10.39% |
| Sep 29, 2024 | 11.50% |
| Jun 30, 2024 | 11.40% |
| Mar 31, 2024 | 9.90% |
| Dec 31, 2023 | 7.97% |
| Oct 1, 2023 | 15.22% |
| Jul 2, 2023 | 13.38% |
| Apr 2, 2023 | 13.33% |
| Dec 31, 2022 | 11.87% |
| Oct 2, 2022 | 19.34% |
| Jul 3, 2022 | 12.29% |
| Apr 3, 2022 | 12.05% |
| Dec 31, 2021 | 11.38% |
| Oct 3, 2021 | 12.36% |
| Jul 4, 2021 | 11.87% |