Is the business good?
How good a business is BCPC?
Balchem Corporation earns 14% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
14%
Return on invested capital · cost of capital 9.0% · 4.9 points above what the capital costs: growth creates value
- Operating margin
- 20%
Operating margin · Specialty Chemicals median 9.1% · 12 months to Q1 2026
- Share count, year on year
- −1.6%
Share count, year on year · bought back, each share owns more of the company
- R&D as % of revenue
- 1.9%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 16% |
| FY2022 | 15% |
| FY2023 | 17% |
| FY2024 | 19% |
| FY2025 | 20% |
Details›
- Gross margin12 months to Q1 2026
- 36%
- Operating margin12 months to Q1 2026
- 20%
- Net margin12 months to Q1 2026
- 15%
- R&D as % of revenue
- 1.9%
- Revenue, trailing twelve months
- $1.06B
- Net income, trailing twelve months
- $158M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.