MEDIUMBuilt-inGeographic
42%
non-U.S. sales
“10-K Item 1: 'approximately 42% of Belden's sales were to customers outside the U.S.'”
BDC · Concentration risk · 10-K extracted
Belden (BDC) concentration risks
Updated
The most significant concentration Belden discloses is non-U.S. sales at 42%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Belden’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
35%
top eight distributors
“10-K Item 1A: 'our top eight distributors accounted for a total of 35% of our revenues in 2025'”
LOWOutside partyCustomer
14%
largest distributor
“10-K Item 1A: 'Our largest distributor accounted for approximately 14% of our revenues in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile spans three dimensions — geographic, channel, and single-name distributor — that together describe a moderately diversified but channel-dependent revenue base. International sales represent approximately 42% of total revenues, a medium share by disclosed size with a structural character reflecting deliberate global market participation rather than reliance on any specific country or customer. Currency translation and regional economic cycles are the primary channels through which this exposure affects reported results. On the customer side, the top eight distributors account for 35% of total revenues — a medium-share dependency concentrated in a small number of channel partners. Distributor relationships in industrial and infrastructure connectivity carry renewal and inventory-management risk: destocking decisions at a handful of large distributors can swing channel-fill in ways that do not immediately reflect end-market demand. Within that distributor base, the single largest distributor accounts for approximately 14% of revenues — a low individual share that indicates the top name alone does not create a critical counterparty dependency. The risk is more collective than concentrated at the apex. In aggregate, the profile is one of moderate, layered concentration across three independent axes. No single dimension is at a critical threshold individually, but the combination of international geographic exposure and distributor-channel dependency means results can be simultaneously pressured by currency headwinds and channel-inventory corrections — making the two medium-share exposures worth watching in tandem.
For the engine’s reasoning on BDC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Communication Equipment
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| DGII | Digi International Inc. | 2 | 1 | 1 | 4 |
| AAOI | Applied Optoelectronics, Inc. | 2 | 1 | 0 | 3 |
| CSCO | Cisco Systems, Inc. | 1 | 0 | 0 | 1 |
| CIEN | Ciena Corporation | 0 | 2 | 2 | 4 |
| BDC● | Belden Inc | 0 | 2 | 1 | 3 |
| ASTS | AST SpaceMobile, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.