Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BeldenSTU:QCTA +20.45%70 Gross Margin % is 39.14% as of Jun. 2026, which is 4% above its 10-year median of 37.73. GuruFocus rates STU:QCTA with a GF Score™ of 70/100 and a GF Value™ of €107.95 (Fairly Valued). Among 2,452 Hardware companies, Belden ranks better than 73.49% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Belden's Gross Profit for the
three
months ended in Jun. 2026 was €255 Mil. Belden's Revenue for the
three
months ended in Jun. 2026 was €651 Mil. Therefore, Belden's Gross Margin % for the quarter that ended in Jun. 2026 was 39.14%.
The historical rank and industry rank for Belden's Gross Margin % or its related term are showing as below:
STU:QCTA'
s Gross Margin % Range Over the Past 10 Years
Min: 32.85 Med: 37.73 Max: 41.64
Current: 37.65
During the past 13 years, the highestGross Margin % of Belden was 41.64%. The lowest was 32.85%. And the median was 37.73%.
STU:QCTA's Gross Margin % is ranked better than 73.49% of 2452
companies
in the Hardware industry
Industry Median: 24.495
vs STU:QCTA: 37.65
Belden had a gross margin of 39.14% for the quarter that ended in Jun. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Belden was 3.30% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Belden had a gross margin of 39.14% for the quarter that ended in Jun. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Belden Gross Margin % Related Terms
Belden Gross Margin % Historical Data
* Premium members only.
The historical data trend for Belden's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
STU:QCTA vs EXTR, ONDS, VISN: Gross Margin % Comparison
For the Communication Equipment subindustry, Belden's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Belden Gross Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Belden's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Belden's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Belden (STU:QCTA) has a Gross Margin % of 39.14% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Belden and its competitors. This is near median its historical median of 37.73. Over the past decade, Belden's Gross Margin % has ranged from 32.85 to 41.64. According to the industry distribution chart, Belden ranks #650 out of 2452 companies in the Hardware industry, placing it in the top 26.5%.
Is Belden's Gross Margin % too high?
Belden's current Gross Margin % of 39.14% is near median its 10-year median of 37.73. Over the past 10 years, this metric has ranged from a low of 32.85 to a high of 41.64. The Hardware industry median Gross Margin % is 24.50. Belden's value of 39.14% is 59.8% above this industry median. Based on the distribution chart, Belden ranks #650 out of 2452 companies in the Hardware industry, which is above the industry midpoint. Overall, Belden has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Belden's Gross Margin % compare to EXTR and ONDS?
According to the Hardware industry distribution chart, Belden ranks #650 out of 2452 companies for Gross Margin %. This puts Belden in the upper half of its industry. The industry median Gross Margin % is 24.50. Belden's value of 39.14% is 59.8% above this benchmark. Historically, Belden's own Gross Margin % has ranged from 32.85 to 41.64 over the past decade. While the company's 10-year median is 37.73 vs. the industry median of 24.50, Belden has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Hardware company?
The median Gross Margin % among Hardware companies is 24.50, based on 2,452 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Belden's current Gross Margin % of 39.14% is 59.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Belden and its competitors. For the Hardware industry, the median Gross Margin % is 24.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Belden's current Gross Margin % is 39.14%, which is near median its own 10-year median of 37.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belden stock overvalued right now?
Based on GuruFocus' analysis, Belden (STU:QCTA) is currently considered Fairly Valued. The stock's GF Value™ is €107.95, compared to a current price of €106.00 — trading 1.8% below its estimated fair value. The current Gross Margin % is 39.14%, which is near median its 10-year median of 37.73 and 59.8% above the Hardware industry median of 24.50. Belden's overall GF Score™ is 70/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Belden (STU:QCTA), the current Gross Margin % is 39.14% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Belden (STU:QCTA) Overvalued in 2026?
Based on GuruFocus' analysis, Belden stock appears to be undervalued.
The current stock price of €106.00 is trading 1.8% below its estimated GF Value™ of €107.95.
GuruFocus considers Belden to be Fairly Valued.
Key valuation signals for STU:QCTA:
Gross Margin %: 39.14% (near median its 10-year median of 37.73)
GF Value™: €107.95 vs. price of €106.00 (1.8% below fair value)
Industry Position: 59.8% above the Hardware median (#650 of 2452)
No single metric tells the full story. See the STU:QCTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belden Inc is a supplier of complete connection solutions. It has two segments, Smart Infrastructure Solutions and Automation Solutions. Smart Infrastructure Solutions provides network infrastructure and broadband solutions, serving markets such as data centers, government, healthcare, and broadband and wireless service providers, with products including copper and fiber cable and connectivity solutions. Automation Solutions provides digitization and automation solutions that enable IT OT convergence and support acquisition, transmission, orchestration, and management, serving markets including Warehousing and Logistics, Energy, Transportation, and Discrete Manufacturing. The company operates in the Americas, EMEA, and APAC, with maximum revenue coming from the Americas.
70GF Score
Get the complete analysis for STU:QCTA
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:QCTA has been successfully added to your 
