Advanced Energy Industries vs Belden
Belden is the larger business, with $2.72bn of revenue in fiscal 2025 against $1.80bn for Advanced Energy Industries (1.5 times as much). Advanced Energy Industries grew faster (21.4% against 10.3%). Belden kept more of each dollar of sales as profit: a net margin of 8.7% against 8.2%.
| Latest fiscal year | Advanced Energy IndustriesAEIS, 2025 | BeldenBDC, 2025 |
|---|---|---|
| Revenue | $1.80bn | $2.72bn |
| Revenue growth | 21.4% | 10.3% |
| Net income | $148m | $238m |
| Operating margin | 9.3% | — |
| Net margin | 8.2% | 8.7% |
| Return on equity | 11.6% | 18.6% |
| Free cash flow | $126m | $219m |
| Cash | $791m | $390m |
| Total debt | $575m | $1.29bn |
| Debt to equity | 42.2% | — |
| Dividend per share | — | $0.20 |
| Dividend yield | 0.2% | 0.2% |
| Share buybacks | $30.2m | — |
| Employees | 13,000 | — |
| Market value | $9.59bn | $4.24bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 56 (Moderate) | 67 (Moderate) |
| Insider trades, 12 months | 0 buys, 61 sales | 0 buys, 11 sales |