Balchem Corp (BCPC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.43	$1.49	+4.2%	—	—	—
Q1 26	$1.33	$1.33	0.0%	—	$270.7M	—
Q4 25	$1.29	$1.31	+1.6%	—	$263.6M	—
Q3 25	$1.31	$1.35	+3.1%	—	$267.6M	—
Q2 25	$1.25	$1.27	+1.6%	—	$255.5M	—
Q1 25	$1.22	$1.22	0.0%	—	$250.5M	—
Q4 24	$1.11	$1.13	+1.8%	—	$240M	—
Q3 24	$1.12	$1.13	+0.9%	—	$239.9M	—
Q2 24	$1.03	$1.09	+5.8%	—	$234.1M	—
Q1 24	$0.98	$1.03	+5.1%	—	$239.7M	—
Q4 23	$0.93	$0.95	+2.2%	—	$228.7M	—
Q3 23	$0.97	$1.04	+7.2%	—	$229.9M	—
Q2 23	$0.93	$1.06	+14.0%	—	$231.3M	—
Q1 23	$0.82	$0.94	+14.6%	—	$232.5M	—
Q4 22	$0.91	$0.94	+3.3%	—	$232.5M	—
Q3 22	$1.03	$1	-2.9%	—	$244.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$4.83	—	—	$1B	—
FY24	—	$3.95	—	—	$953.7M	—
FY23	—	$3.37	—	—	$922.4M	—
FY22	—	$3.28	—	—	$942.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$553.2M	$594.8M	$643.7M	$643.7M	$703.6M	$799M	$942.4M	$922.4M	$953.7M	$1B
YoY change	+0.13%	+7.52%	+8.22%	+0%	+9.31%	+13.6%	+17.9%	-2.11%	+3.39%	+8.75%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	553.2M	594.8M	643.7M	643.7M	703.6M	799M	942.4M	922.4M	953.7M	1B
Cost of revenue	372.3M	405.8M	439.4M	432.3M	479.7M	555.8M	661.9M	620.4M	617.5M	666.5M
Gross profit	180.9M	189M	204.3M	211.4M	223.9M	243.2M	280.5M	302.1M	336.2M	370.6M
Gross margin	32.7%	31.8%	31.7%	32.8%	31.8%	30.4%	29.8%	32.7%	35.3%	35.7%
Research & development	7.3M	9.3M	11.6M	11.4M	10.3M	13.5M	12.2M	15M	16.8M	18.5M
Selling, general & administrative	82.7M	82.8M	85.6M	97.4M	102.4M	102.1M	123.1M	127.8M	136.5M	142.8M
Operating expenses	90M	92.1M	97.2M	108.8M	112.8M	115.7M	135.3M	142.9M	153.3M	161.3M
Operating income	90.8M	96.9M	107.1M	102.6M	111.1M	127.5M	145.2M	159.2M	182.9M	209.3M
Operating margin	16.4%	16.3%	16.6%	15.9%	15.8%	16%	15.4%	17.3%	19.2%	20.2%
Non-operating income, net	-648K	-883K	-459K	-116K	-291K	187K	-1.2M	681K	72K	-77K
Pretax income	82.9M	88.5M	99M	96.5M	106.4M	125.2M	133.7M	137.3M	166.5M	199M
Income tax	27M	-1.6M	20.5M	16.8M	21.8M	29.1M	28.4M	28.7M	38M	44.2M
Net income	56M	90.1M	78.6M	79.7M	84.6M	96.1M	105.4M	108.5M	128.5M	154.8M
Net margin	10.1%	15.1%	12.2%	12.4%	12%	12%	11.2%	11.8%	13.5%	14.9%
EBITDA	136.4M	140.4M	151.3M	148.3M	162.1M	176.6M	195.9M	214.8M	231M	254.9M
EPS	1.76	2.81	2.44	2.47	2.61	2.98	3.28	3.37	3.95	4.83
Diluted EPS	1.75	2.79	2.42	2.45	2.6	2.94	3.25	3.35	3.93	4.75

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	229.9M	228.7M	239.7M	234.1M	239.9M	240M	250.5M	255.5M	267.6M	263.6M	270.7M	—
Cost of revenue	153.4M	153.7M	158.1M	151.1M	154.6M	153.7M	162.4M	162.4M	172.1M	169.7M	169.6M	—
Gross profit	76.5M	75M	81.5M	83M	85.4M	86.3M	88.2M	93.1M	95.5M	93.9M	101.1M	—
Gross margin	33.3%	32.8%	34%	35.5%	35.6%	36%	35.2%	36.4%	35.7%	35.6%	37.3%	—
Research & development	3.9M	3.9M	4.1M	3.9M	4.3M	4.5M	4.7M	4.3M	4.5M	5.1M	5.9M	—
Selling, general & administrative	29.1M	32.7M	35.7M	33.3M	33M	34.4M	32.5M	37.4M	36.4M	36.6M	39.6M	—
Operating expenses	32.9M	36.7M	39.8M	37.2M	37.4M	38.9M	37.2M	41.7M	40.9M	41.6M	45.5M	—
Operating income	43.6M	38.3M	41.7M	45.8M	48M	47.4M	51M	51.4M	54.6M	52.3M	55.6M	—
Operating margin	19%	16.8%	17.4%	19.6%	20%	19.8%	20.4%	20.1%	20.4%	19.8%	20.5%	—
Non-operating income, net	-545K	223K	572K	-331K	-28K	-141K	-151K	335K	94K	-355K	-891K	—
Pretax income	36.5M	33.3M	36.9M	41.2M	43.9M	44.5M	47.9M	49M	52M	50M	52.5M	—
Income tax	7.4M	6.6M	7.9M	9.2M	10.1M	10.9M	10.9M	10.7M	11.8M	10.8M	12.2M	—
Net income	29.1M	26.6M	29M	32.1M	33.8M	33.6M	37.1M	38.3M	40.3M	39.2M	40.3M	—
Net margin	12.6%	11.7%	12.1%	13.7%	14.1%	14%	14.8%	15%	15.1%	14.9%	14.9%	—
EBITDA	56.9M	52.6M	55.9M	58M	58.9M	58.2M	61.9M	63.2M	66.2M	63.7M	67.2M	—
EPS	0.9	0.83	0.9	0.99	1.04	1.03	1.14	1.18	1.24	1.22	1.25	1.4
Diluted EPS	0.9	0.82	0.89	0.98	1.03	1.03	1.13	1.17	1.24	1.21	1.25	1.39

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	2.6B	2.5B	3.3B	3.7B	5.4B	3.9B	4.8B	5.3B	4.9B	5.8B
Enterprise value	2.9B	2.8B	2.6B	3.5B	3.8B	5.5B	4.3B	5.1B	5.5B	5B	5.8B
Shares outstanding	31.8M	32M	32.3M	32.2M	32.4M	32.3M	32.2M	32.3M	32.5M	32.1M	32.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	47.6	28.7	32.2	41.1	44.1	56.6	37.3	44.2	41.3	31.8	34.4
P/S	4.82	4.34	3.93	5.08	5.3	6.81	4.17	5.2	5.56	4.74	5.25
P/B	5.12	4.18	3.65	4.4	4.5	6.21	4.18	4.55	4.61	3.91	4.47
EV/EBITDA	21.3	19.7	17.4	23.4	23.5	30.9	22.1	23.6	23.6	19.7	21.5
EV/Sales	5.25	4.64	4.08	5.38	5.43	6.83	4.58	5.49	5.73	4.84	5.34
Earnings yield	2.1%	3.49%	3.11%	2.43%	2.27%	1.77%	2.68%	2.26%	2.42%	3.15%	2.91%
FCF yield	3.14%	3.2%	3.92%	2.93%	3.13%	2.26%	2.26%	3.04%	2.76%	3.52%	2.34%
PEG	—	—	—	—	—	—	—	—	—	—	1.87

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.7%	31.8%	31.7%	32.8%	31.8%	30.4%	29.8%	32.7%	35.3%	35.7%	36.3%
Operating margin	16.4%	16.3%	16.6%	15.9%	15.8%	16%	15.4%	17.3%	19.2%	20.2%	20.9%
Net margin	10.1%	15.1%	12.2%	12.4%	12%	12%	11.2%	11.8%	13.5%	14.9%	15.1%
ROE	10.7%	14.6%	11.4%	10.7%	10.2%	11%	11.2%	10.3%	11.2%	12.3%	12.8%
ROA	5.9%	9.35%	8.01%	6.89%	7.26%	8.01%	6.49%	6.8%	8.16%	9.18%	8.23%
ROIC	8.04%	12.2%	10.7%	9.07%	9.65%	11%	8.58%	9.54%	10.8%	11.9%	11.9%
Return on tangible assets	-24.8%	-51.4%	-58.9%	-44.2%	-62%	-253.6%	-30.9%	-31.6%	-40.8%	-56.7%	-65.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.87	1.84	2.76	2.76	2.83	2.24	2.4	2.12	1.99	2.07	2.67
Quick ratio	1.3	1.28	1.94	1.85	2.08	1.61	1.54	1.38	1.16	1.33	1.59
Debt / equity	0.54	0.35	0.23	0.34	0.21	0.13	0.49	0.31	0.18	0.14	0.13
Debt / assets	0.3	0.23	0.16	0.22	0.15	0.1	0.28	0.21	0.13	0.11	0.11
Net debt / EBITDA	1.77	1.27	0.67	1.28	0.54	0.08	2.01	1.24	0.69	0.42	0.43
Interest coverage	12.4	12.7	14	17.2	25	52	14	7.07	11.1	20.5	22.4
Effective tax rate	32.5%	0%	20.7%	17.4%	20.5%	23.3%	21.2%	20.9%	22.8%	22.2%	22.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.4	18.6	20	20	21.7	24.7	29.3	28.6	29.3	32.4	33.9
EPS (basic)	1.76	2.81	2.44	2.47	2.61	2.98	3.28	3.37	3.95	4.83	4.83
EPS (diluted)	1.75	2.79	2.42	2.45	2.6	2.94	3.25	3.35	3.93	4.75	5.2
Book value per share	16.4	19.3	21.4	23.1	25.6	27.2	29.2	32.7	35.4	39.2	40
FCF per share	2.63	2.58	3.07	2.98	3.6	3.81	2.76	4.52	4.5	5.4	5.45
Cash per share	1.22	1.26	1.68	2.04	2.61	3.2	2.07	2	1.52	2.33	1.98
Capex per share	0	0	0.03	—	—	—	—	—	—	1.36	1.36

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0%	0.15%	—	—	—	—	—	—	4.19%	4.19%
Capex / operating cash flow	0%	0.02%	0.81%	—	—	—	—	—	—	20.1%	20.1%
Payout ratio	19.2%	13.4%	17.1%	19%	19.7%	19.5%	19.7%	21.1%	19.9%	18.3%	18.9%
Dividend yield	0.4%	0.47%	0.53%	0.46%	0.45%	0.34%	0.53%	0.48%	0.48%	0.58%	2.13%

Yield

2.13%

trailing twelve months

Frequency

Annual

Last dividend

$0.96

ex-dividend Dec 23, 2025

Payout ratio

19%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 23, 2025	$0.96
Dec 26, 2024	$0.87
Dec 26, 2023	$0.79
Dec 23, 2022	$0.71
Dec 27, 2021	$0.64
Dec 24, 2020	$0.58
Dec 27, 2019	$0.52
Dec 24, 2018	$0.47

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$229.9M	$228.7M	$239.7M	$234.1M	$239.9M	$240M	$250.5M	$255.5M	$267.6M	$263.6M	$270.7M	—
YoY change	-5.86%	-1.65%	+3.06%	+1.22%	+4.35%	+4.94%	+4.53%	+9.14%	+11.5%	+9.84%	+8.06%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	38.6M	40.4M	54.3M	65.7M	84.6M	103.2M	66.6M	64.4M	49.5M	74.6M
Receivables	83.3M	91.2M	99.5M	93.4M	98.2M	117.4M	131.6M	125.3M	119.7M	143.6M
Inventory	57.2M	60.7M	67.2M	83.9M	70.6M	91.1M	119.7M	109.5M	130.8M	131.4M
Total current assets	188.4M	199.3M	226.3M	254.9M	266.9M	322.2M	335.8M	314.2M	313.8M	365.6M
Property, plant & equipment	120M	126.6M	123.2M	144.9M	149.6M	157.2M	479M	191.5M	192.3M	206.4M
Goodwill & intangibles	1.2B	1.1B	1.1B	1.3B	1.3B	1.2B	2B	1.9B	1.9B	2B
Total assets	948.6M	963.6M	981.4M	1.2B	1.2B	1.2B	1.6B	1.6B	1.6B	1.7B
Accounts payable	32.5M	28.5M	33.3M	37.3M	23.7M	56.2M	57.3M	55.5M	54.7M	60.4M
Short-term debt	35M	35M	—	2.5M	2.3M	2.4M	4M	4.2M	3.3M	3.8M
Total current liabilities	101M	108.4M	82.1M	92.3M	94.4M	143.8M	140M	148.5M	157.7M	176.4M
Long-term debt	245.5M	184M	156M	253.4M	169.6M	115.7M	456.6M	326.1M	204.7M	176.9M
Total liabilities	427.6M	346.8M	289.7M	412M	337.6M	322.3M	686.2M	543.2M	425.5M	428.8M
Shareholders' equity	521M	616.9M	691.6M	743.7M	828.2M	877M	938.3M	1.1B	1.1B	1.3B
Total debt	280.5M	219M	156M	255.9M	172M	118M	460.6M	330.3M	208M	180.7M
Net debt	241.8M	178.5M	101.7M	190.2M	87.4M	14.8M	394.1M	265.9M	158.5M	106.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	66.9M	77M	64.4M	60.3M	63.7M	73.7M	49.5M	49.9M	65.4M	65.1M	74.6M	72.9M
Receivables	125.1M	129M	125.3M	139.9M	123.4M	120.5M	119.7M	130.4M	136M	131.5M	143.6M	154.2M
Inventory	124.9M	116.3M	109.5M	110.4M	117.1M	118.5M	130.8M	144.9M	148.2M	132.4M	131.4M	146.7M
Total current assets	336.5M	341.2M	314.2M	324.9M	320.2M	326M	313.8M	340.2M	364.9M	343.7M	365.6M	388.9M
Property, plant & equipment	195.2M	183.9M	191.5M	188.4M	187M	190.4M	192.3M	190.1M	195.2M	199.4M	206.4M	201.7M
Goodwill & intangibles	2B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	1.9B	2B	2B	2B	1.9B
Total assets	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B
Accounts payable	56.3M	49.7M	55.5M	59.8M	54.5M	46.5M	54.7M	66M	67.9M	47M	60.4M	70.7M
Short-term debt	4.1M	3.9M	4.2M	4.1M	3.8M	3.4M	3.3M	3.9M	3.9M	4.1M	3.8M	3.7M
Total current liabilities	114.4M	108M	148.5M	124.4M	113.3M	109.4M	157.7M	139.6M	138.1M	126.4M	176.4M	152.5M
Long-term debt	420.8M	395.8M	326.1M	317.4M	282.1M	241.9M	204.7M	204.1M	203.8M	167.9M	176.9M	181.1M
Total liabilities	612.3M	578.2M	543.2M	509.9M	462.6M	419.7M	425.5M	408.9M	410.3M	363.2M	428.8M	408.6M
Shareholders' equity	1B	1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.3B	1.3B	1.3B	1.3B
Total debt	424.8M	399.7M	330.3M	321.5M	285.9M	245.3M	208M	208.1M	207.7M	172M	180.7M	184.7M
Net debt	358M	322.7M	265.9M	261.1M	222.2M	171.6M	158.5M	158.2M	142.3M	106.9M	106.1M	111.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	56M	90.1M	78.6M	79.7M	84.6M	96.1M	105.4M	108.5M	128.5M	154.8M
Depreciation & amortization	46.2M	44.4M	44.7M	45.9M	51.3M	48.9M	51.8M	54.9M	48M	45.7M
Stock-based compensation	7M	6.3M	6.4M	7.6M	8.3M	10.8M	13.2M	16.1M	16.7M	18.1M
Change in working capital	4.5M	-1.5M	-5.5M	-5.4M	12.4M	-35.3M	-11.5M	20M	-15.4M	-17.4M
Operating cash flow	106.8M	110.4M	118.7M	124.1M	152M	114.6M	150.5M	177.4M	170.8M	216.6M
Capital expenditure	4K	22K	966K	—	—	—	—	—	—	-43.5M
Investing cash flow	-109.6M	-14.6M	-11.3M	-127.8M	-763K	2.1M	-366.1M	3.1M	-24.1M	-43.9M
Dividends paid	-10.7M	-12.1M	-13.4M	-15.1M	-16.7M	-18.7M	-20.7M	-22.9M	-25.6M	-28.3M
Share repurchases	-1.6M	-1.9M	-1.4M	-21.3M	-13.5M	-35.2M	-35.4M	-4.5M	-5.7M	-107.6M
Financing cash flow	-26.6M	-97.4M	76.3M	131.1M	-200.3M	-109.1M	243.5M	-158.6M	-151M	-162.1M
Net change in cash	-29.4M	-1.5M	183.7M	127.4M	-49.1M	7.5M	27.9M	21.9M	-4.3M	10.5M
Free cash flow	83.6M	82.5M	99M	96M	116.7M	123.2M	88.6M	145.9M	146.3M	173.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	30.1M	29.1M	26.6M	29M	32.1M	33.8M	33.6M	37.1M	38.3M	40.3M	39.2M	40.3M
Depreciation & amortization	13.4M	13.8M	14.1M	13.7M	12.5M	10.9M	10.9M	11M	11.4M	11.6M	11.7M	12.5M
Stock-based compensation	3.7M	3.7M	3.8M	4.8M	3.9M	4.2M	3.9M	3.8M	5.8M	4.7M	3.8M	5.4M
Change in working capital	-6.6M	1.8M	23.3M	-9M	703K	2.8M	-9.9M	-13.7M	-16.8M	26.6M	-13.5M	-18.3M
Operating cash flow	32.4M	43.1M	58M	38.1M	48.4M	50.9M	33.6M	38M	47.3M	65.6M	67.3M	40.1M
Capital expenditure	—	—	—	—	—	—	—	—	-6.8M	-14.9M	-16.2M	-6.3M
Investing cash flow	-16K	-979K	-290K	171K	21K	-33K	-24.2M	-353K	-6.9M	-14.9M	-16.4M	-6.3M
Dividends paid	-2K	-3K	0	-25.6M	-13K	-4K	-4K	-28.3M	-2K	-11K	-11K	-30.8M
Share repurchases	-75K	-101K	-444K	-5.2M	-11K	-163K	-306K	-5.3M	-33.3M	-15.4M	-53.6M	-15.7M
Financing cash flow	-26.1M	-25.2M	-71.5M	-38.8M	-35.1M	-39.8M	-37.4M	-33.6M	-33.3M	-51.5M	-43.7M	-41.5M
Net change in cash	6.2M	16.9M	-13.8M	-588K	13.3M	11.1M	-28M	4.1M	7M	-848K	7.2M	-7.7M
Free cash flow	26.8M	38.2M	55.8M	26.5M	38.1M	42.2M	39.6M	30.9M	40.4M	50.7M	51.1M	33.8M

Date	Ratio
Jan 21, 2010	3:2
Jan 22, 2007	3:2
Jan 23, 2006	3:2
Jan 21, 2005	3:2
Jun 4, 1998	3:2
Oct 4, 1994	3:2
Dec 30, 1991	4:3
Dec 31, 1990	5:4

Balchem Corp Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history