Belden Inc (BDC) - Net Assets
Based on the latest financial reports, Belden Inc (BDC) has net assets worth $1.26 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.54 Billion) and total liabilities ($2.28 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Belden Inc to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.26 Billion |
| % of Total Assets | 35.68% |
| Annual Growth Rate | N/A |
| 5-Year Change | 32.25% |
| 10-Year Change | -13.47% |
| Growth Volatility | 82.5 |
Belden Inc - Net Assets Trend (1993–2025)
This chart illustrates how Belden Inc's net assets have evolved over time, based on quarterly financial data. Explore BDC strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Belden Inc (1993–2025)
The table below shows the annual net assets of Belden Inc from 1993 to 2025. For live valuation and market cap data, see Belden Inc (BDC) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.26 Billion | -2.34% |
| 2024-12-31 | $1.29 Billion | +11.01% |
| 2023-12-31 | $1.17 Billion | +1.95% |
| 2022-12-31 | $1.14 Billion | +19.65% |
| 2021-12-31 | $956.08 Million | +26.29% |
| 2020-12-31 | $757.05 Million | -21.62% |
| 2019-12-31 | $965.82 Million | -30.40% |
| 2018-12-31 | $1.39 Billion | -3.29% |
| 2017-12-31 | $1.43 Billion | -1.81% |
| 2016-12-31 | $1.46 Billion | +77.02% |
| 2015-12-31 | $825.52 Million | +2.27% |
| 2014-12-31 | $807.19 Million | -3.51% |
| 2013-12-31 | $836.54 Million | +3.04% |
| 2012-12-31 | $811.86 Million | +16.89% |
| 2011-12-31 | $694.55 Million | +8.78% |
| 2010-12-31 | $638.51 Million | +15.87% |
| 2009-12-31 | $551.05 Million | -3.47% |
| 2008-12-31 | $570.87 Million | -46.78% |
| 2007-12-31 | $1.07 Billion | +27.11% |
| 2006-12-31 | $843.90 Million | +16.98% |
| 2005-12-31 | $721.42 Million | -11.94% |
| 2004-12-31 | $819.24 Million | +189.58% |
| 2003-12-31 | $282.90 Million | -21.73% |
| 2002-12-31 | $361.47 Million | +5.08% |
| 2001-12-31 | $343.98 Million | +7.44% |
| 2000-12-31 | $320.16 Million | +25.75% |
| 1999-12-31 | $254.60 Million | +3.96% |
| 1998-12-31 | $244.90 Million | +19.41% |
| 1997-12-31 | $205.10 Million | +23.93% |
| 1996-12-31 | $165.50 Million | +418.81% |
| 1995-12-31 | $31.90 Million | +96.91% |
| 1994-12-31 | $16.20 Million | +199.39% |
| 1993-12-31 | $-16.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Belden Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 143027200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.41 Billion | 111.16% |
| Common Stock | $503.00K | 0.04% |
| Other Comprehensive Income | $-97.20 Million | -7.69% |
| Total Equity | $1.26 Billion | 100.00% |
Belden Inc Competitors by Market Cap
The table below lists competitors of Belden Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Xinquan Automotive Trim Co Ltd
SHG:603179
|
$4.22 Billion |
|
AZZ Incorporated
NYSE:AZZ
|
$4.22 Billion |
|
Wingstop Inc
NASDAQ:WING
|
$4.23 Billion |
|
Beijing Vantone Real Estate Co Ltd
SHG:600246
|
$4.23 Billion |
|
Rogers Communications Inc
TO:RCI-A
|
$4.22 Billion |
|
Shaanxi Sirui Advanced Materials Co. Ltd. A
SHG:688102
|
$4.22 Billion |
|
Narayana Hrudayalaya Ltd.
NSE:NH
|
$4.22 Billion |
|
RadNet Inc
NASDAQ:RDNT
|
$4.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Belden Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,294,736,000 to 1,264,424,000, a change of -30,312,000 (-2.3%).
- Net income of 237,522,000 contributed positively to equity growth.
- Dividend payments of 7,966,000 reduced retained earnings.
- Share repurchases of 216,404,000 reduced equity.
- Other comprehensive income decreased equity by 93,671,999.
- Other factors increased equity by 50,207,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $237.52 Million | +18.78% |
| Dividends Paid | $7.97 Million | -0.63% |
| Share Repurchases | $216.40 Million | -17.11% |
| Other Comprehensive Income | $-93.67 Million | -7.41% |
| Other Changes | $50.21 Million | +3.97% |
| Total Change | $- | -2.34% |
Book Value vs Market Value Analysis
This analysis compares Belden Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $-0.98 | $107.45 | x |
| 1994-12-31 | $0.90 | $107.45 | x |
| 1995-12-31 | $1.65 | $107.45 | x |
| 1996-12-31 | $8.00 | $107.45 | x |
| 1997-12-31 | $8.89 | $107.45 | x |
| 1998-12-31 | $10.43 | $107.45 | x |
| 1999-12-31 | $11.59 | $107.45 | x |
| 2000-12-31 | $14.36 | $107.45 | x |
| 2001-12-31 | $15.18 | $107.45 | x |
| 2002-12-31 | $15.99 | $107.45 | x |
| 2003-12-31 | $12.44 | $107.45 | x |
| 2004-12-31 | $20.92 | $107.45 | x |
| 2005-12-31 | $13.69 | $107.45 | x |
| 2006-12-31 | $16.79 | $107.45 | x |
| 2007-12-31 | $21.19 | $107.45 | x |
| 2008-12-31 | $12.77 | $107.45 | x |
| 2009-12-31 | $11.83 | $107.45 | x |
| 2010-12-31 | $13.36 | $107.45 | x |
| 2011-12-31 | $14.44 | $107.45 | x |
| 2012-12-31 | $17.67 | $107.45 | x |
| 2013-12-31 | $18.70 | $107.45 | x |
| 2014-12-31 | $18.35 | $107.45 | x |
| 2015-12-31 | $19.19 | $107.45 | x |
| 2016-12-31 | $34.31 | $107.45 | x |
| 2017-12-31 | $33.63 | $107.45 | x |
| 2018-12-31 | $33.87 | $107.45 | x |
| 2019-12-31 | $22.74 | $107.45 | x |
| 2020-12-31 | $16.76 | $107.45 | x |
| 2021-12-31 | $21.06 | $107.45 | x |
| 2022-12-31 | $25.66 | $107.45 | x |
| 2023-12-31 | $27.21 | $107.45 | x |
| 2024-12-31 | $31.35 | $107.45 | x |
| 2025-12-31 | $31.45 | $107.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Belden Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.78%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.75%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 2.80x
- Recent ROE (18.78%) is above the historical average (7.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 0.00% | 4.74% | 1.51x | 0.00x | $7.63 Million |
| 1994 | 37.65% | 4.20% | 1.42x | 6.34x | $4.48 Million |
| 1995 | 46.08% | 7.78% | 1.61x | 3.67x | $11.51 Million |
| 1996 | 9.24% | 4.28% | 1.12x | 1.93x | $-1.25 Million |
| 1997 | 17.55% | 6.96% | 1.20x | 2.09x | $15.49 Million |
| 1998 | 16.54% | 6.21% | 1.29x | 2.06x | $16.01 Million |
| 1999 | 15.71% | 5.79% | 1.15x | 2.36x | $14.39 Million |
| 2000 | 17.35% | 6.88% | 1.30x | 1.94x | $23.27 Million |
| 2001 | 6.88% | 3.07% | 1.31x | 1.71x | $-10.64 Million |
| 2002 | 1.01% | 0.65% | 0.95x | 1.64x | $-32.10 Million |
| 2003 | -25.94% | -14.77% | 0.98x | 1.79x | $-99.16 Million |
| 2004 | 1.88% | 1.76% | 0.62x | 1.72x | $-65.81 Million |
| 2005 | 6.67% | 3.82% | 0.97x | 1.80x | $-23.79 Million |
| 2006 | 7.81% | 4.41% | 1.10x | 1.61x | $-18.46 Million |
| 2007 | 12.78% | 6.75% | 0.98x | 1.93x | $29.86 Million |
| 2008 | -63.38% | -18.04% | 1.22x | 2.89x | $-418.91 Million |
| 2009 | -4.52% | -1.83% | 0.84x | 2.94x | $-80.01 Million |
| 2010 | 16.99% | 7.03% | 0.91x | 2.66x | $44.61 Million |
| 2011 | 16.46% | 6.08% | 1.05x | 2.57x | $44.89 Million |
| 2012 | 23.96% | 10.57% | 0.71x | 3.18x | $113.30 Million |
| 2013 | 12.35% | 4.99% | 0.75x | 3.29x | $19.66 Million |
| 2014 | 9.22% | 3.23% | 0.71x | 4.04x | $-6.27 Million |
| 2015 | 8.03% | 2.87% | 0.70x | 4.02x | $-16.21 Million |
| 2016 | 8.77% | 5.43% | 0.62x | 2.61x | $-18.03 Million |
| 2017 | 6.50% | 4.47% | 0.54x | 2.67x | $-50.21 Million |
| 2018 | 11.60% | 7.43% | 0.57x | 2.72x | $22.18 Million |
| 2019 | -39.28% | -17.69% | 0.63x | 3.55x | $-473.00 Million |
| 2020 | -7.35% | -3.15% | 0.56x | 4.18x | $-130.22 Million |
| 2021 | 6.69% | 2.78% | 0.67x | 3.58x | $-31.60 Million |
| 2022 | 22.28% | 9.77% | 0.82x | 2.77x | $140.36 Million |
| 2023 | 20.82% | 9.66% | 0.78x | 2.78x | $126.13 Million |
| 2024 | 15.33% | 8.06% | 0.74x | 2.57x | $68.96 Million |
| 2025 | 18.78% | 8.75% | 0.77x | 2.80x | $111.08 Million |
Industry Comparison
This section compares Belden Inc's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $167,622,145
- Average return on equity (ROE) among peers: -27.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Belden Inc (BDC) | $1.26 Billion | 0.00% | 1.80x | $4.22 Billion |
| Applied Opt (AAOI) | $254.57 Million | -21.28% | 0.79x | $2.97 Billion |
| ADTRAN Inc (ADTN) | $692.41 Million | 6.83% | 0.28x | $1.30 Billion |
| Airgain Inc (AIRG) | $47.74 Million | -6.87% | 0.15x | $58.36 Million |
| Akoustis Technologies, Inc. (AKTSQ) | $86.24 Million | -73.70% | 0.73x | $138.60K |
| Amplitech Group Inc (AMPG) | $915.30K | 35.94% | 0.54x | $75.54 Million |
| Actelis Networks Inc. (ASNS) | $2.98 Million | -146.53% | 1.76x | $695.44K |
| Ast Spacemobile Inc (ASTS) | $359.83 Million | -8.79% | 0.22x | $22.55 Billion |
| Aviat Networks Inc (AVNW) | $57.52 Million | 3.21% | 1.71x | $204.57 Million |
| BK Technologies Inc (BKTI) | $6.40 Million | -35.94% | 2.58x | $310.35 Million |
About Belden Inc
Belden Inc. provides connection solutions to bring data infrastructure into alignment to unlock new possibilities for its customers. It operates through two segments, Smart Infrastructure Solutions and Automation Solutions. The Smart Infrastructure Solutions segment offers copper cable and connectivity solutions, fiber cable and connectivity solutions, interconnect panels, racks and enclosures, a… Read more