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Side-by-side financial comparison of ASSURED GUARANTY LTD (AGO) and BALCHEM CORP (BCPC). Click either name above to swap in a different company.
ASSURED GUARANTY LTD is the larger business by last-quarter revenue ($277.0M vs $270.7M, roughly 1.0× BALCHEM CORP). ASSURED GUARANTY LTD runs the higher net margin — 43.0% vs 14.9%, a 28.1% gap on every dollar of revenue. On growth, ASSURED GUARANTY LTD posted the faster year-over-year revenue change (77.6% vs 8.1%). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs 6.3%).
Assured Investment Management (AIM) was an institutional asset management firm with a heritage in credit strategies, managing approximately $15.2 billion as of its defunct status in July 2023. Secondaries Investors referred to AIM as "one of the world's most prominent hedge funds".
Balchem Corp is a global specialty chemicals and nutritional ingredients provider that develops, manufactures and distributes application-specific products for human nutrition, animal health, pharmaceutical and industrial end markets, serving customers across North America, Europe and Asia Pacific.
AGO vs BCPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $277.0M | $270.7M |
| Net Profit | $119.0M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 59.6% | 20.5% |
| Net Margin | 43.0% | 14.9% |
| Revenue YoY | 77.6% | 8.1% |
| Net Profit YoY | 561.1% | 8.7% |
| EPS (diluted) | $2.56 | $1.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $270.7M | ||
| Q4 25 | $277.0M | $263.6M | ||
| Q3 25 | $207.0M | $267.6M | ||
| Q2 25 | $281.0M | $255.5M | ||
| Q1 25 | $345.0M | $250.5M | ||
| Q4 24 | $156.0M | $240.0M | ||
| Q3 24 | $269.0M | $239.9M | ||
| Q2 24 | $202.0M | $234.1M |
| Q1 26 | — | $40.3M | ||
| Q4 25 | $119.0M | $39.2M | ||
| Q3 25 | $105.0M | $40.3M | ||
| Q2 25 | $103.0M | $38.3M | ||
| Q1 25 | $176.0M | $37.1M | ||
| Q4 24 | $18.0M | $33.6M | ||
| Q3 24 | $171.0M | $33.8M | ||
| Q2 24 | $78.0M | $32.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.6% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 36.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 35.5% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 59.6% | 19.8% | ||
| Q3 25 | 65.2% | 20.4% | ||
| Q2 25 | 47.3% | 20.1% | ||
| Q1 25 | 66.4% | 20.4% | ||
| Q4 24 | 19.2% | 19.8% | ||
| Q3 24 | 81.8% | 20.0% | ||
| Q2 24 | 46.5% | 19.6% |
| Q1 26 | — | 14.9% | ||
| Q4 25 | 43.0% | 14.9% | ||
| Q3 25 | 50.7% | 15.1% | ||
| Q2 25 | 36.7% | 15.0% | ||
| Q1 25 | 51.0% | 14.8% | ||
| Q4 24 | 11.5% | 14.0% | ||
| Q3 24 | 63.6% | 14.1% | ||
| Q2 24 | 38.6% | 13.7% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $2.56 | $1.21 | ||
| Q3 25 | $2.18 | $1.24 | ||
| Q2 25 | $2.08 | $1.17 | ||
| Q1 25 | $3.44 | $1.13 | ||
| Q4 24 | $0.40 | $1.03 | ||
| Q3 24 | $3.17 | $1.03 | ||
| Q2 24 | $1.41 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $903.0M | $72.9M |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $5.7B | $1.3B |
| Total Assets | $12.2B | $1.7B |
| Debt / EquityLower = less leverage | 0.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $72.9M | ||
| Q4 25 | $903.0M | $74.6M | ||
| Q3 25 | $1.3B | $65.1M | ||
| Q2 25 | $939.0M | $65.4M | ||
| Q1 25 | $1.2B | $49.9M | ||
| Q4 24 | $1.2B | $49.5M | ||
| Q3 24 | $1.5B | $73.7M | ||
| Q2 24 | $1.7B | $63.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $5.7B | $1.3B | ||
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.6B | $1.3B | ||
| Q1 25 | $5.6B | $1.2B | ||
| Q4 24 | $5.5B | $1.1B | ||
| Q3 24 | $5.7B | $1.2B | ||
| Q2 24 | $5.5B | $1.1B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $12.2B | $1.7B | ||
| Q3 25 | $12.1B | $1.7B | ||
| Q2 25 | $12.1B | $1.7B | ||
| Q1 25 | $11.9B | $1.6B | ||
| Q4 24 | $11.9B | $1.6B | ||
| Q3 24 | $12.3B | $1.6B | ||
| Q2 24 | $12.1B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.31× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.31× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $259.0M | $40.1M |
| Free Cash FlowOCF − Capex | — | $33.8M |
| FCF MarginFCF / Revenue | — | 12.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 2.18× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.1M | ||
| Q4 25 | $259.0M | $67.3M | ||
| Q3 25 | $55.0M | $65.6M | ||
| Q2 25 | $78.0M | $47.3M | ||
| Q1 25 | $87.0M | $36.5M | ||
| Q4 24 | $47.0M | $52.3M | ||
| Q3 24 | $17.0M | $51.3M | ||
| Q2 24 | $58.0M | $45.0M |
| Q1 26 | — | $33.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 12.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 0.99× | ||
| Q4 25 | 2.18× | 1.72× | ||
| Q3 25 | 0.52× | 1.63× | ||
| Q2 25 | 0.76× | 1.23× | ||
| Q1 25 | 0.49× | 0.98× | ||
| Q4 24 | 2.61× | 1.56× | ||
| Q3 24 | 0.10× | 1.52× | ||
| Q2 24 | 0.74× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGO
| Insurance Segment | $226.0M | 82% |
| Other | $37.0M | 13% |
| Gain Loss On Investments Member1 | $8.0M | 3% |
| Non Credit Impairment Related Unrealized Fair Value Gains Losses On Credit Derivatives | $6.0M | 2% |
BCPC
Segment breakdown not available.
