NASDAQ : BCPC
Balchem Corporation — Financial statements
Materials · Specialty Chemicals · United States
Last price 169.98 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.40B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Balchem Corporation (BCPC) reported revenue of 1.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.11B | 1.04B | 953.68M | 922.44M | 942.36M | 799.02M |
| Cost of Revenue | 704.60M | 666.53M | 617.48M | 620.38M | 661.91M | 555.85M |
| Gross Profit | 404.38M | 370.63M | 336.21M | 302.06M | 280.45M | 243.17M |
| Selling, General & Admin | 154.00M | 142.80M | 135.98M | 120.05M | 120.78M | 102.15M |
| Research & Development | 20.81M | 18.51M | 16.79M | 15.05M | 12.19M | 13.52M |
| Operating Expenses | 174.81M | 161.31M | 152.78M | 135.10M | 132.97M | 115.67M |
| Operating Income | 229.57M | 209.33M | 183.43M | 166.96M | 147.48M | 127.50M |
| Interest Expense | -7.99M | -10.22M | -16.53M | -23.73M | -12.52M | -4.71M |
| Interest & Investment Income | 1.12M | 2.25M | 2.26M | |||
| Earnings From Equity Investments | -502.00K | -491.00K | -489.00K | -509.00K | -559.00K | -557.00K |
| Other Non Operating Income (Expenses) | -705.00K | 414.00K | 561.00K | 1.19M | -1.12M | 744.00K |
| EBT Excluding Unusual Items | 220.38M | 199.03M | 166.97M | 145.03M | 135.53M | 125.23M |
| Merger & Restructuring Charges | -521.00K | -7.76M | -2.26M | |||
| Other Unusual Items | 472.00K | |||||
| Pretax Income | 220.38M | 199.03M | 166.45M | 137.26M | 133.75M | 125.23M |
| Income Tax Expense | 49.53M | 44.19M | 37.98M | 28.72M | 28.38M | 29.13M |
| Net Income | 170.85M | 154.84M | 128.47M | 108.54M | 105.37M | 96.10M |
| Net Income to Common | 170.85M | 154.84M | 128.47M | 108.54M | 105.37M | 96.10M |
| Shares Outstanding (Basic) | 31.88M | 32.27M | 32.33M | 32.11M | 32.02M | 32.22M |
| Shares Outstanding (Diluted) | 32.21M | 32.60M | 32.72M | 32.45M | 32.39M | 32.67M |
| EPS (Basic) | 5.36 | 4.80 | 3.97 | 3.38 | 3.29 | 2.98 |
| EPS (Diluted) | 5.30 | 4.75 | 3.93 | 3.35 | 3.25 | 2.94 |
| Free Cash Flow | 178.00M | 173.07M | 146.34M | 145.87M | 88.59M | 123.15M |
| Free Cash Flow Per Share | 5.53 | 5.31 | 4.47 | 4.50 | 2.73 | 3.77 |
| Dividend Per Share | 0.96 | 0.96 | 0.87 | 0.79 | 0.71 | 0.64 |
| Gross Margin | 36.46% | 35.73% | 35.25% | 32.75% | 29.76% | 30.43% |
| Operating Margin | 20.70% | 20.18% | 19.23% | 18.10% | 15.65% | 15.96% |
| Profit Margin | 15.41% | 14.93% | 13.47% | 11.77% | 11.18% | 12.03% |
| Free Cash Flow Margin | 16.05% | 16.69% | 15.34% | 15.81% | 9.40% | 15.41% |
| EBITDA | 278.08M | 254.73M | 231.12M | 221.60M | 199.00M | 176.10M |
| EBITDA Margin | 25.07% | 24.56% | 24.23% | 24.02% | 21.12% | 22.04% |
| D&A For EBITDA | 48.50M | 45.40M | 47.69M | 54.65M | 51.51M | 48.60M |
| EBIT | 229.57M | 209.33M | 183.43M | 166.96M | 147.48M | 127.50M |
| EBIT Margin | 20.70% | 20.18% | 19.23% | 18.10% | 15.65% | 15.96% |
| Effective Tax Rate | 22.47% | 22.20% | 22.82% | 20.92% | 21.22% | 23.26% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 66.26M | 74.57M | 49.52M | 64.45M | 66.56M | 103.24M |
| Trading Asset Securities | 1.41M | |||||
| Cash & Short-Term Investments | 66.26M | 74.57M | 49.52M | 64.45M | 67.97M | 103.24M |
| Receivables | 145.63M | 143.60M | 119.66M | 125.28M | 131.58M | 117.41M |
| Inventory | 177.01M | 131.45M | 130.80M | 109.52M | 119.67M | 91.06M |
| Prepaid Expenses | 9.93M | 9.78M | 8.05M | 7.80M | 4.90M | 6.12M |
| Other Current Assets | 6.04M | 6.22M | 5.74M | 7.19M | 11.69M | 4.41M |
| Total Current Assets | 404.88M | 365.61M | 313.77M | 314.24M | 335.80M | 322.23M |
| Property, Plant & Equipment | 323.82M | 322.84M | 299.20M | 295.90M | 290.79M | 246.81M |
| Long-Term Investments | 3.49M | 3.72M | 3.86M | 4.08M | 4.29M | 4.50M |
| Goodwill | 807.49M | 816.38M | 780.03M | 778.91M | 769.51M | 523.95M |
| Other Intangible Assets | 147.37M | 163.29M | 165.05M | 191.21M | 213.29M | 94.67M |
| Long-Term Deferred Charges | 2.11M | 455.00K | 743.00K | 1.03M | 1.32M | 421.00K |
| Other Long-Term Assets | 14.42M | 13.96M | 12.72M | 11.84M | 9.51M | 6.75M |
| Total Assets | 1.70B | 1.69B | 1.58B | 1.60B | 1.62B | 1.20B |
| Accounts Payable | 72.04M | 60.42M | 54.74M | 55.50M | 57.32M | 56.24M |
| Accrued Expenses | 85.55M | 77.18M | 66.64M | 58.08M | 53.29M | 62.98M |
| Current Portion of Leases | 3.98M | 3.82M | 3.33M | 4.22M | 4.02M | 2.36M |
| Current Income Taxes Payable | 2.38M | 3.91M | 4.47M | 4.97M | 2.28M | 1.33M |
| Other Current Liabilities | 164.00K | 31.04M | 28.51M | 25.72M | 23.13M | 20.89M |
| Total Current Liabilities | 164.12M | 176.38M | 157.69M | 148.49M | 140.04M | 143.80M |
| Long-Term Debt | 124.00M | 164.00M | 190.00M | 309.57M | 440.57M | 110.73M |
| Long-Term Leases | 14.47M | 12.87M | 14.72M | 16.54M | 16.02M | 7.11M |
| Pension & Post-Retirement Benefits | 2.08M | 1.99M | 2.13M | 1.81M | 1.86M | 1.98M |
| Long-Term Deferred Tax Liabilities | 52.27M | 54.14M | 43.72M | 52.05M | 62.78M | 46.45M |
| Other Long-Term Liabilities | 19.85M | 19.45M | 17.20M | 14.76M | 24.96M | 12.23M |
| Total Liabilities | 376.80M | 428.84M | 425.46M | 543.23M | 686.23M | 322.31M |
| Common Stock | 2.12M | 2.14M | 2.17M | 2.15M | 2.15M | 2.15M |
| Additional Paid-In Capital | 47.22M | 92.33M | 174.00M | 145.65M | 128.81M | 147.72M |
| Retained Earnings | 1.25B | 1.12B | 997.49M | 897.49M | 814.49M | 732.14M |
| Comprehensive Income & Other | 24.41M | 41.55M | -23.75M | 8.69M | -7.15M | -4.99M |
| Shareholders' Equity | 1.33B | 1.26B | 1.15B | 1.05B | 938.28M | 877.01M |
| Total Liabilities & Equity | 1.70B | 1.69B | 1.58B | 1.60B | 1.62B | 1.20B |
| Total Debt | 142.44M | 180.69M | 208.04M | 330.33M | 460.61M | 120.20M |
| Net Cash (Debt) | -76.18M | -106.12M | -158.53M | -265.89M | -392.64M | -16.96M |
| Net Cash Per Share | -2.36 | -3.25 | -4.85 | -8.19 | -12.12 | -0.52 |
| Filing Date Shares Outstanding | 31.78M | 32.03M | 32.53M | 32.27M | 32.17M | 32.19M |
| Total Common Shares Outstanding | 31.82M | 32.06M | 32.53M | 32.25M | 32.15M | 32.29M |
| Working Capital | 240.76M | 189.23M | 156.09M | 165.75M | 195.76M | 178.43M |
| Book Value Per Share | 41.69 | 39.22 | 35.35 | 32.68 | 29.18 | 27.16 |
| Tangible Book Value | 371.92M | 277.75M | 204.83M | 83.86M | -44.52M | 258.40M |
| Tangible Book Value Per Share | 11.69 | 8.66 | 6.30 | 2.60 | -1.38 | 8.00 |
| Land | 12.21M | 12.43M | 11.69M | 11.79M | 11.41M | 11.69M |
| Buildings | 142.38M | 116.39M | 106.95M | 104.36M | 90.64M | 89.60M |
| Machinery | 364.40M | 340.32M | 315.00M | 312.70M | 278.85M | 254.00M |
| Construction In Progress | 64.18M | 95.23M | 77.51M | 59.98M | 79.93M | 52.93M |
| Order Backlog | 53.37M | 50.41M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 170.85M | 154.84M | 128.47M | 108.54M | 105.37M | 96.10M |
| Depreciation & Amortization | 48.50M | 45.40M | 47.69M | 54.65M | 51.51M | 48.60M |
| Other Amortization | 317.00K | 288.00K | 287.00K | 287.00K | 335.00K | 282.00K |
| Loss (Gain) From Sale of Assets | 2.64M | |||||
| Asset Writedown & Restructuring Costs | -58.00K | -58.00K | 1.66M | 7.03M | 366.00K | -53.00K |
| Stock-Based Compensation | 20.07M | 18.06M | 16.68M | 16.05M | 13.22M | 10.80M |
| Provision & Write-off of Bad Debts | 431.00K | -97.00K | 299.00K | 37.00K | 401.00K | 180.00K |
| Other Operating Activities | 7.15M | 5.58M | -6.97M | -22.85M | -7.45M | -6.33M |
| Change in Accounts Receivable | -14.94M | -20.85M | 5.58M | 6.97M | -3.62M | -20.70M |
| Change in Inventory | -46.32M | 3.63M | -22.79M | 10.53M | -7.80M | -21.02M |
| Change in Accounts Payable | 39.79M | 11.29M | 9.06M | 3.55M | -15.54M | 47.07M |
| Change in Income Taxes | -4.19M | -1.07M | -583.00K | 2.19M | 296.00K | 4.79M |
| Change in Other Net Operating Assets | -432.00K | -467.00K | 2.61M | -3.23M | 1.45M | 799.00K |
| Operating Cash Flow | 223.82M | 216.56M | 182.00M | 183.76M | 138.54M | 160.51M |
| Capital Expenditures | -45.82M | -43.49M | -35.66M | -37.89M | -49.95M | -37.36M |
| Sale of Property, Plant & Equipment | 14.00K | 274.00K | 359.00K | 1.88M | 206.00K | 318.00K |
| Cash Acquisitions | -323.00K | -24.16M | -1.25M | -365.78M | ||
| Investment in Securities | -364.00K | -353.00K | -270.00K | -290.00K | -495.00K | -86.00K |
| Other Investing Activities | 2.74M | 1.83M | ||||
| Investing Cash Flow | -46.17M | -43.89M | -59.74M | -34.81M | -416.01M | -35.30M |
| Long-Term Debt Issued | 88.00M | 26.00M | 18.00M | 435.00M | 5.00M | |
| Long-Term Debt Repaid | -114.19M | -145.78M | -149.22M | -134.16M | -60.16M | |
| Net Debt Issued (Repaid) | -30.20M | -26.19M | -119.78M | -131.22M | 300.83M | -55.16M |
| Issuance of Common Stock | 14.03M | 9.31M | 17.23M | 5.24M | 3.21M | 6.94M |
| Repurchase of Common Stock | -125.55M | -107.64M | -5.68M | -4.47M | -35.42M | -35.24M |
| Common Dividends Paid | -30.78M | -28.29M | -25.58M | -22.87M | -20.71M | -18.72M |
| Other Financing Activities | -1.94M | -1.23M | ||||
| Financing Cash Flow | -174.45M | -152.81M | -133.81M | -153.32M | 246.68M | -102.18M |
| Foreign Exchange Rate Adjustments | -2.03M | 5.20M | -3.38M | 2.26M | -5.88M | -4.37M |
| Net Cash Flow | 1.17M | 25.05M | -14.93M | -2.11M | -36.68M | 18.67M |
| Free Cash Flow | 178.00M | 173.07M | 146.34M | 145.87M | 88.59M | 123.15M |
| Free Cash Flow Margin | 16.05% | 16.69% | 15.34% | 15.81% | 9.40% | 15.41% |
| Free Cash Flow Per Share | 5.53 | 5.31 | 4.47 | 4.50 | 2.73 | 3.77 |
| Levered Free Cash Flow | 139.50M | 136.12M | 128.93M | 148.90M | 45.22M | 111.74M |
| Unlevered Free Cash Flow | 144.17M | 142.22M | 138.97M | 163.45M | 52.70M | 114.40M |
| Cash Interest Paid | 8.45M | 10.60M | 17.70M | 25.93M | 11.88M | 4.55M |
| Cash Income Tax Paid | 46.71M | 37.75M | 42.64M | 35.73M | 33.02M | 25.36M |
| Change in Working Capital | -26.09M | -7.46M | -6.12M | 20.01M | -25.22M | 10.93M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.51B | 4.97B | 5.30B | 4.80B | 3.92B | 5.46B |
| Enterprise Value | 5.59B | 5.07B | 5.47B | 5.12B | 4.34B | 5.49B |
| Last Close Price | 169.98 | 153.36 | 162.00 | 147.07 | 120.08 | 164.83 |
| PE Ratio | 32.73 | 32.08 | 41.24 | 44.18 | 37.24 | 56.81 |
| Forward PE | 28.10 | 28.24 | 34.31 | 37.71 | 30.00 | 42.58 |
| PS Ratio | 4.87 | 4.79 | 5.56 | 5.20 | 4.16 | 6.83 |
| PB Ratio | 4.08 | 3.95 | 4.61 | 4.55 | 4.18 | 6.22 |
| P/TBV Ratio | 14.52 | 17.88 | 25.87 | 57.19 | 21.13 | |
| P/FCF Ratio | 30.35 | 28.70 | 36.21 | 32.88 | 44.29 | 44.33 |
| P/OCF Ratio | 24.13 | 22.93 | 29.11 | 26.10 | 28.32 | 34.01 |
| PEG Ratio | 2.77 | 3.32 | 3.81 | 4.19 | 3.00 | 4.26 |
| EV/Sales Ratio | 4.94 | 4.89 | 5.74 | 5.55 | 4.61 | 6.87 |
| EV/EBITDA Ratio | 19.70 | 19.92 | 23.67 | 23.10 | 21.82 | 31.18 |
| EV/EBIT Ratio | 23.86 | 24.24 | 29.82 | 30.66 | 29.45 | 43.06 |
| EV/FCF Ratio | 30.77 | 29.32 | 37.38 | 35.09 | 49.02 | 44.59 |
| Debt / Equity Ratio | 0.11 | 0.14 | 0.18 | 0.31 | 0.49 | 0.14 |
| Debt / EBITDA Ratio | 0.50 | 0.69 | 0.88 | 1.46 | 2.26 | 0.67 |
| Debt / FCF Ratio | 0.80 | 1.04 | 1.42 | 2.27 | 5.20 | 0.98 |
| Net Debt / Equity Ratio | 0.06 | 0.08 | 0.14 | 0.25 | 0.42 | 0.02 |
| Net Debt / EBITDA Ratio | 0.27 | 0.42 | 0.69 | 1.20 | 1.97 | 0.10 |
| Net Debt / FCF Ratio | 0.43 | 0.61 | 1.08 | 1.82 | 4.43 | 0.14 |
| Asset Turnover | 0.66 | 0.64 | 0.60 | 0.57 | 0.67 | 0.68 |
| Inventory Turnover | 4.55 | 5.08 | 5.14 | 5.41 | 6.28 | 6.88 |
| Quick Ratio | 1.29 | 1.24 | 1.07 | 1.28 | 1.43 | 1.53 |
| Current Ratio | 2.47 | 2.07 | 1.99 | 2.12 | 2.40 | 2.24 |
| Return on Equity (ROE) | 13.02% | 12.86% | 11.66% | 10.90% | 11.61% | 11.27% |
| Return on Assets (ROA) | 8.53% | 8.02% | 7.23% | 6.48% | 6.53% | 6.74% |
| Return on Invested Capital (ROIC) | 12.67% | 12.19% | 10.77% | 9.96% | 10.44% | 10.79% |
| Return on Capital Employed (ROCE) | 14.90% | 13.90% | 12.90% | 11.50% | 9.90% | 12.10% |
| Earnings Yield | 3.06% | 3.12% | 2.43% | 2.26% | 2.69% | 1.76% |
| FCF Yield | 3.30% | 3.48% | 2.76% | 3.04% | 2.26% | 2.26% |
| Dividend Yield | 0.23% | 0.62% | 0.53% | 0.53% | 0.58% | 0.38% |
| Payout Ratio | 7.52% | 18.27% | 19.91% | 21.07% | 19.66% | 19.48% |
| Buyback Yield / Dilution | 1.58% | 0.35% | -0.83% | -0.17% | 0.85% | -0.52% |
| Total Shareholder Return | 1.81% | 0.97% | -0.30% | 0.36% | 1.44% | -0.14% |