BDCBELDEN INC.
Drawing & Insulating Of Nonferrous Wire
- Revenue
- $2.7B
- 10% YoY
- Operating margin
- 11.6%
- 7.4% YoY
- EBITDA
- $445M
- 16% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 6.0×
- $2.7B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear149% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear9% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear34% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.3B | $2.6B | $2.5B | $2.5B | $2.7B | 10% |
| Operating income | $264M | $363M | $318M | $266M | $316M | 18% |
| Net income | $64M | $255M | $243M | $198M | $238M | 20% |
| Operating cash flow | $272M | $281M | $320M | $352M | $355M | 0.8% |
| Capex | $91M | $105M | $117M | $129M | $136M | 5.5% |
| Stock-based comp | $25M | $24M | $21M | $28M | $30M | 9.0% |
| Dividends | $9M | $9M | $8M | $8M | $8M | 2.8% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $217K · 1
- Net
- −$217K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 282 | 190 |
| FY2024 | — | — | 208 | 180 |
| FY2023 | — | — | 143 | 154 |
| FY2022 | — | — | 132 | 128 |
| FY2021 | — | — | 121 | 136 |