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Assets by Segment
Maps the company’s asset base across its divisions, showing capital intensity, inventory and receivables concentrations, and goodwill from acquisitions—useful for spotting units that tie up cash or signal recent deal activity.Industrial Automation’s asset base has meaningfully outpaced Smart Infrastructure, with a pronounced late‑2025 lift that aligns with record orders, solutions conversion and targeted investment in automation capabilities; Smart Infrastructure shows flatter, more volatile asset growth consistent with broadband/MSO softness and pass‑through copper impacts. That mix shift favors higher‑margin, organic growth in Automation but increases exposure to inventory and copper‑price timing—Belden’s strong cash generation and repurchases provide cushion, yet leverage above the long‑term target keeps execution risk relevant.
Date | Smart Infrastructure Solutions | Industrial Automation Solutions |
|---|---|---|
Dec 31, 2025 | $717.90M | $908.87M |
Sep 30, 2025 | $713.47M | $686.96M |
Jun 30, 2025 | $703.48M | $671.25M |
Mar 31, 2025 | $650.92M | $828.59M |
Dec 31, 2024 | $663.62M | $783.35M |
Sep 30, 2024 | $686.96M | $772.74M |
Jun 30, 2024 | $671.25M | $762.74M |
Mar 31, 2024 | $610.11M | $754.73M |
Dec 31, 2023 | $637.11M | $727.48M |
Sep 30, 2023 | $625.36M | $698.29M |