Belden - Public Comps and Valuation Multiples

Belden Overview

About Belden

Belden designs, manufactures, and markets advanced networking, connectivity, and cable solutions for industrial automation, smart buildings, and broadcast markets. Their portfolio includes cables, connectors, and networking equipment, enabling secure, reliable data transmission for applications in data centers, healthcare, education, hospitality, and more.

Founded

1988

HQ

Employees

8K+

Website

belden.com

Sectors

Networking Hardware
Electronic Components
DeepTech

Financials

LTM Revenue $2.7B

LTM EBITDA $458M

EV

$6.5B

Valuation Multiples

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Belden Financials

As of February 2026, Belden reported last 12-month revenue of $2.7B and EBITDA of $458M.

In the same period, Belden generated $1.0B in LTM gross profit and $299M in net income.

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Belden P&L

In the most recent fiscal year, Belden reported revenue of $2.7B and EBITDA of $443M.

Belden expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$2.7B	XXX	$2.7B	XXX	XXX	XXX
Gross Profit	$1.0B	XXX	$1.0B	XXX	XXX	XXX
Gross Margin	39%	XXX	38%	XXX	XXX	XXX
EBITDA	$458M	XXX	$443M	XXX	XXX	XXX
EBITDA Margin	17%	XXX	16%	XXX	XXX	XXX
EBIT	$394M	XXX	$316M	XXX	XXX	XXX
EBIT Margin	15%	XXX	12%	XXX	XXX	XXX
Net Profit	$299M	XXX	$238M	XXX	XXX	XXX
Net Margin	11%	XXX	9%	XXX	XXX	XXX
Net Debt	XXX	XXX	$896M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Belden including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $2.7B. EBITDA for the last twelve months was $458M. In the most recent fiscal year, Belden achieved $2.7B in revenue and $443M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$2.7B	Analyst estimates available to subscribers	$2.7B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$1.0B	Analyst estimates available to subscribers	$1.0B	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	38.7% gross margin	Analyst estimates available to subscribers	38.0% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	$458M	Analyst estimates available to subscribers	$443M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	17.0% EBITDA margin	Analyst estimates available to subscribers	16.3% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$394M	Analyst estimates available to subscribers	$316M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	14.6% EBIT margin	Analyst estimates available to subscribers	11.6% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$299M	Analyst estimates available to subscribers	$238M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	11.1% net profit margin	Analyst estimates available to subscribers	8.7% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$896M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Belden

This financial data table provides comprehensive performance metrics for Belden, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Belden generated $2.7B in revenue over the last twelve months.
The company achieved $458M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $1.0B.
Net income over the last twelve months reached $299M.

Fiscal Year Performance

In the most recent fiscal year, Belden reported $2.7B in total revenue.
Fiscal year EBITDA was $443M.
The company maintained a gross profit margin of 38.0% in the most recent fiscal year.
EBITDA margin for the fiscal year was 16.3%.
Net profit margin reached 8.7% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Belden. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Belden Stock Performance

Belden has current market cap of $5.5B, and EV of $6.5B.

Market Cap Evolution

Belden Stock Data

As of March 5, 2026, Belden's stock price is $142.

See Belden trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$6.5B	$5.5B	XXX	XXX	XXX	XXX	$7.42

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Belden Valuation Multiples

Belden's trades at 2.4x EV/Revenue multiple, and 14.3x EV/EBITDA.

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Belden Financial Valuation Multiples

As of March 5, 2026, Belden has market cap of $5.5B and EV of $6.5B.

Equity research analysts estimate Belden's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Belden has a P/E ratio of 18.5x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$5.5B	XXX	$5.5B	XXX	XXX	XXX
EV (current)	$6.5B	XXX	$6.5B	XXX	XXX	XXX
EV/Revenue	2.4x	XXX	2.4x	XXX	XXX	XXX
EV/EBITDA	14.3x	XXX	14.3x	XXX	XXX	XXX
EV/EBIT	16.6x	XXX	16.6x	XXX	XXX	XXX
EV/Gross Profit	6.3x	XXX	n/a	XXX	XXX	XXX
P/E	18.5x	XXX	18.5x	XXX	XXX	XXX
EV/FCF	28.4x	XXX	28.4x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Belden Margins & Growth Rates

Belden's last 12 month revenue growth is 5%

Belden's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Belden's rule of 40 is 21% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Belden's rule of X is 30% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Belden Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	5%	XXX	5%	XXX	XXX	XXX
EBITDA Margin	17%	XXX	17%	XXX	XXX	XXX
EBITDA Growth	10%	XXX	9%	XXX	XXX	XXX
Rule of 40	21%	XXX	22%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	30%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.3M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.1M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	5%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	26%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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