Belden Gross Margin Growth & History (BDC)
Belden's gross margin was 37.98% for fiscal 2025.
View full Belden company overviewBelden annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 37.98% | +0.50 pp |
| 2024 | 2024-12-31 | 37.47% | −0.54 pp |
| 2023 | 2023-12-31 | 38.01% | +2.86 pp |
| 2022 | 2022-12-31 | 35.15% | +1.61 pp |
| 2021 | 2021-12-31 | 33.54% | +0.69 pp |
| 2020 | 2020-12-31 | 32.85% | −4.38 pp |
| 2019 | 2019-12-31 | 37.23% | +5.13 pp |
| 2018 | 2018-12-31 | 32.10% | −1.49 pp |
| 2017 | 2017-12-31 | 33.59% | −8.05 pp |
| 2016 | 2016-12-31 | 41.64% | +1.88 pp |
| 2015 | 2015-12-31 | 39.76% | +4.26 pp |
| 2014 | 2014-12-31 | 35.50% | +1.46 pp |
| 2013 | 2013-12-31 | 34.04% | +3.26 pp |
| 2012 | 2012-12-31 | 30.78% | +2.01 pp |
| 2011 | 2011-12-31 | 28.77% | −0.18 pp |
| 2010 | 2010-12-31 | 28.95% | +0.49 pp |
| 2009 | 2009-12-31 | 28.46% | +0.41 pp |
| 2008 | 2008-12-31 | 28.05% | — |
Belden quarterly gross margin
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-28 | 39.14% | +0.66 pp |
| Q1 2026 | 2026-03-29 | 37.06% | −2.28 pp |
| Q4 2025 | 2025-12-31 | 36.60% | −0.91 pp |
| Q3 2025 | 2025-09-28 | 37.70% | +0.44 pp |
| Q2 2025 | 2025-06-29 | 38.48% | +0.95 pp |
| Q1 2025 | 2025-03-30 | 39.34% | +1.71 pp |
| Q4 2024 | 2024-12-31 | 37.51% | +0.07 pp |
| Q3 2024 | 2024-09-29 | 37.26% | −1.22 pp |
| Q2 2024 | 2024-06-30 | 37.53% | −0.22 pp |
| Q1 2024 | 2024-03-31 | 37.63% | −0.71 pp |
| Q4 2023 | 2023-12-31 | 37.44% | +0.04 pp |
| Q3 2023 | 2023-10-01 | 38.48% | +2.88 pp |
| Q2 2023 | 2023-07-02 | 37.75% | +4.40 pp |
| Q1 2023 | 2023-04-02 | 38.35% | +4.13 pp |
| Q4 2022 | 2022-12-31 | 37.40% | +3.42 pp |
| Q3 2022 | 2022-10-02 | 35.59% | +1.96 pp |
| Q2 2022 | 2022-07-03 | 33.35% | +0.12 pp |
| Q1 2022 | 2022-04-03 | 34.22% | +0.96 pp |
| Q4 2021 | 2021-12-31 | 33.98% | +11.40 pp |
| Q3 2021 | 2021-10-03 | 33.63% | −1.59 pp |
| Q2 2021 | 2021-07-04 | 33.23% | −2.07 pp |
| Q1 2021 | 2021-04-04 | 33.26% | −3.52 pp |
| Q4 2020 | 2020-12-31 | 22.57% | −14.32 pp |
| Q3 2020 | 2020-09-27 | 35.22% | −2.07 pp |
| Q2 2020 | 2020-06-28 | 35.30% | −2.10 pp |
| Q1 2020 | 2020-03-29 | 36.78% | −0.58 pp |
| Q4 2019 | 2019-12-31 | 36.89% | +3.78 pp |
| Q3 2019 | 2019-09-29 | 37.29% | +4.58 pp |
| Q2 2019 | 2019-06-30 | 37.40% | +5.68 pp |
| Q1 2019 | 2019-03-31 | 37.36% | +6.59 pp |
| Q4 2018 | 2018-12-31 | 33.11% | −4.82 pp |
| Q3 2018 | 2018-09-30 | 32.71% | −5.87 pp |
| Q2 2018 | 2018-07-01 | 31.71% | −8.10 pp |
| Q1 2018 | 2018-04-01 | 30.77% | −9.56 pp |
| Q4 2017 | 2017-12-31 | 37.93% | −4.82 pp |
| Q3 2017 | 2017-10-01 | 38.58% | −2.34 pp |
| Q2 2017 | 2017-07-02 | 39.81% | −1.44 pp |
| Q1 2017 | 2017-04-02 | 40.33% | −1.23 pp |
| Q4 2016 | 2016-12-31 | 42.74% | +0.87 pp |
| Q3 2016 | 2016-10-02 | 40.92% | +1.88 pp |
| Q2 2016 | 2016-07-03 | 41.26% | +1.26 pp |
| Q1 2016 | 2016-04-03 | 41.56% | +3.59 pp |
| Q4 2015 | 2015-12-31 | 41.88% | +6.14 pp |
| Q3 2015 | 2015-09-27 | 39.04% | +2.73 pp |
| Q2 2015 | 2015-06-28 | 40.00% | +5.98 pp |
| Q1 2015 | 2015-03-29 | 37.96% | +1.93 pp |
| Q4 2014 | 2014-12-31 | 35.74% | +1.40 pp |
| Q3 2014 | 2014-09-28 | 36.30% | +1.31 pp |
| Q2 2014 | 2014-06-29 | 34.01% | +0.17 pp |
| Q1 2014 | 2014-03-30 | 36.03% | +3.05 pp |
| Q4 2013 | 2013-12-31 | 34.34% | +2.87 pp |
| Q3 2013 | 2013-09-29 | 34.99% | +5.06 pp |
| Q2 2013 | 2013-06-30 | 33.84% | +2.28 pp |
| Q1 2013 | 2013-03-31 | 32.98% | +2.77 pp |
| Q4 2012 | 2012-12-31 | 31.47% | +3.47 pp |
| Q3 2012 | 2012-09-30 | 29.93% | +0.52 pp |
| Q2 2012 | 2012-07-01 | 31.57% | +2.26 pp |
| Q1 2012 | 2012-04-01 | 30.21% | +2.01 pp |
| Q4 2011 | 2011-12-31 | 28.01% | −0.55 pp |
| Q3 2011 | 2011-10-02 | 29.41% | −0.36 pp |
| Q2 2011 | 2011-07-03 | 29.31% | +0.74 pp |
| Q1 2011 | 2011-04-03 | 28.20% | −0.52 pp |
| Q4 2010 | 2010-12-31 | 28.55% | — |
| Q3 2010 | 2010-10-03 | 29.77% | −0.65 pp |
| Q2 2010 | 2010-07-04 | 28.57% | −2.99 pp |
| Q1 2010 | 2010-04-04 | 28.72% | — |
| Q3 2009 | 2009-09-27 | 30.43% | — |
| Q2 2009 | 2009-06-28 | 31.56% | — |
Belden gross margin trends
Over the last five fiscal years, Belden's gross margin increased from 32.85% to 37.98%, a change of +5.13 percentage points. The latest reported quarter, Q2 2026, shows 39.14%.
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Belden source filings ↗Community posts
Belden plans Indian production of RUCKUS switches as integration advances
Belden ($BDC) plans to manufacture selected RUCKUS ICX Ethernet switches at its Pune facility in India. The move extends RUCKUS’s existing local research and customer-support presence into manufacturing, using Belden’s operating infrastruct ...