Belden (BDC) Operating Margin (2009 - 2026)
Belden (BDC) reported Operating Margin of 11.19% for Q1 2026, down 43.0% on a YoY basis from 19.64% in Q1 2025, and down 7.91% quarter-over-quarter from 12.16% in Q4 2025.
Belden (BDC) Operating Margin (2009 - 2026) Analysis & Trends
Belden has reported Operating Margin for 18 years, with the latest figure at 11.19% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 43.0% year-over-year to 11.19%; the trailing twelve-month figure through Mar 2026 stood at 11.52% (up 30.0% YoY), and the FY2025 full-year result was 11.63%, up 80.0% from the prior year.
- Operating Margin for Q1 2026 stood at 11.19%, down from 12.16% in the prior quarter.
- The five-year high for Operating Margin was 19.34% in Q4 2022, with the low at 7.97% in Q4 2023.
- Historically, Operating Margin has averaged 12.14% across 5 years, with a median of 11.79% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin surged 698 bps — and 2023, when it plunged 411 bps.
- Belden's Operating Margin stood at 11.87% in 2022, then plunged by 33 bps to 7.97% in 2023, then surged by 30 bps to 10.39% in 2024, then grew by 17 bps to 12.16% in 2025, then fell by 8 bps to 11.19% in 2026.
- The last three Operating Margin figures came in at 11.19% (Q1 2026), 12.16% (Q4 2025), and 10.93% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 25.00% |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 13.27% |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 19.34% |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 5.05% |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 21.59% |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 36.90% |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -1,584.72% |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | -8.60% |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 14.38% |
| 10 | Belden | 4.12 Bn | 3.85 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% |