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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) and BALCHEM CORP (BCPC). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $180.9M, roughly 1.5× AVANOS MEDICAL, INC.). BALCHEM CORP runs the higher net margin — 14.9% vs -0.7%, a 15.6% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs 0.7%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $21.3M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs 4.4%).
Avanos Medical, Inc. is a medical technology company making clinical medical devices. The company consists of two franchises – Pain Management and Chronic Care – that address reducing the use of opioids while helping patients recover faster and preventing infection.
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.
AVNS vs BCPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $180.9M | $270.7M |
| Net Profit | $-1.3M | $40.3M |
| Gross Margin | 47.5% | — |
| Operating Margin | 1.4% | 20.5% |
| Net Margin | -0.7% | 14.9% |
| Revenue YoY | 0.7% | 8.1% |
| Net Profit YoY | 99.7% | 8.7% |
| EPS (diluted) | $-0.02 | $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 | $180.9M | $263.6M | ||
| Q3 25 | $177.8M | $267.6M | ||
| Q2 25 | $175.0M | $255.5M | ||
| Q1 25 | $167.5M | $250.5M | ||
| Q4 24 | $179.6M | $240.0M | ||
| Q3 24 | $170.4M | $239.9M | ||
| Q2 24 | $171.7M | $234.1M |
| Q1 26 | — | $40.3M | ||
| Q4 25 | $-1.3M | $39.2M | ||
| Q3 25 | $-1.4M | $40.3M | ||
| Q2 25 | $-76.8M | $38.3M | ||
| Q1 25 | $6.6M | $37.1M | ||
| Q4 24 | $-397.3M | $33.6M | ||
| Q3 24 | $4.3M | $33.8M | ||
| Q2 24 | $1.8M | $32.1M |
| Q1 26 | — | — | ||
| Q4 25 | 47.5% | 35.6% | ||
| Q3 25 | 48.4% | 35.7% | ||
| Q2 25 | 52.6% | 36.4% | ||
| Q1 25 | 53.6% | 35.2% | ||
| Q4 24 | 54.6% | 36.0% | ||
| Q3 24 | 54.5% | 35.6% | ||
| Q2 24 | 55.7% | 35.5% |
| Q1 26 | — | 20.5% | ||
| Q4 25 | 1.4% | 19.8% | ||
| Q3 25 | 0.1% | 20.4% | ||
| Q2 25 | -42.6% | 20.1% | ||
| Q1 25 | 6.1% | 20.4% | ||
| Q4 24 | -233.0% | 19.8% | ||
| Q3 24 | 7.0% | 20.0% | ||
| Q2 24 | 3.7% | 19.6% |
| Q1 26 | — | 14.9% | ||
| Q4 25 | -0.7% | 14.9% | ||
| Q3 25 | -0.8% | 15.1% | ||
| Q2 25 | -43.9% | 15.0% | ||
| Q1 25 | 3.9% | 14.8% | ||
| Q4 24 | -221.2% | 14.0% | ||
| Q3 24 | 2.5% | 14.1% | ||
| Q2 24 | 1.0% | 13.7% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $-0.02 | $1.21 | ||
| Q3 25 | $-0.03 | $1.24 | ||
| Q2 25 | $-1.66 | $1.17 | ||
| Q1 25 | $0.14 | $1.13 | ||
| Q4 24 | $-8.64 | $1.03 | ||
| Q3 24 | $0.09 | $1.03 | ||
| Q2 24 | $0.04 | $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 | $89.8M | $72.9M |
| Total DebtLower is stronger | $90.3M | — |
| Stockholders' EquityBook value | $778.2M | $1.3B |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $72.9M | ||
| Q4 25 | $89.8M | $74.6M | ||
| Q3 25 | $70.5M | $65.1M | ||
| Q2 25 | $90.3M | $65.4M | ||
| Q1 25 | $97.0M | $49.9M | ||
| Q4 24 | $107.7M | $49.5M | ||
| Q3 24 | $89.0M | $73.7M | ||
| Q2 24 | $92.2M | $63.7M |
| Q1 26 | — | — | ||
| Q4 25 | $90.3M | — | ||
| Q3 25 | $93.4M | — | ||
| Q2 25 | $95.7M | — | ||
| Q1 25 | $98.0M | — | ||
| Q4 24 | $125.3M | — | ||
| Q3 24 | $152.6M | — | ||
| Q2 24 | $164.9M | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $778.2M | $1.3B | ||
| Q3 25 | $778.0M | $1.3B | ||
| Q2 25 | $776.3M | $1.3B | ||
| Q1 25 | $839.4M | $1.2B | ||
| Q4 24 | $828.5M | $1.1B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.1B |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.7B | $1.6B | ||
| Q2 24 | $1.7B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | 0.12× | — | ||
| Q2 24 | 0.13× | — |
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 | $28.2M | $40.1M |
| Free Cash FlowOCF − Capex | $21.3M | $33.8M |
| FCF MarginFCF / Revenue | 11.8% | 12.5% |
| Capex IntensityCapex / Revenue | 3.8% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $43.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.1M | ||
| Q4 25 | $28.2M | $67.3M | ||
| Q3 25 | $14.0M | $65.6M | ||
| Q2 25 | $6.8M | $47.3M | ||
| Q1 25 | $25.7M | $36.5M | ||
| Q4 24 | $57.9M | $52.3M | ||
| Q3 24 | $23.0M | $51.3M | ||
| Q2 24 | $27.8M | $45.0M |
| Q1 26 | — | $33.8M | ||
| Q4 25 | $21.3M | — | ||
| Q3 25 | $7.0M | — | ||
| Q2 25 | $-4.2M | — | ||
| Q1 25 | $19.0M | — | ||
| Q4 24 | $53.1M | — | ||
| Q3 24 | $20.0M | — | ||
| Q2 24 | $21.9M | — |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 11.8% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -2.4% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 29.6% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 12.8% | — |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | — | 0.99× | ||
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | 3.89× | 0.98× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 5.35× | 1.52× | ||
| Q2 24 | 15.44× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVNS
| Enteral Feeding | $83.0M | 46% |
| Radiofrequency Ablation | $36.9M | 20% |
| Neonate Solutions | $32.1M | 18% |
| Surgical Pain And Recovery | $24.7M | 14% |
| Corporate Other | $4.2M | 2% |
BCPC
Segment breakdown not available.
