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Side-by-side financial comparison of Bandwidth Inc. (BAND) 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 $208.8M, roughly 1.3× Bandwidth Inc.). BALCHEM CORP runs the higher net margin — 14.9% vs 1.9%, a 13.0% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 8.1%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-1.0M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 7.5%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs BCPC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $270.7M |
| Net Profit | $4.0M | $40.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 20.5% |
| Net Margin | 1.9% | 14.9% |
| Revenue YoY | 20.1% | 8.1% |
| Net Profit YoY | 200.0% | 8.7% |
| EPS (diluted) | $-0.08 | $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 | $208.8M | $270.7M | ||
| Q4 25 | $207.7M | $263.6M | ||
| Q3 25 | $191.9M | $267.6M | ||
| Q2 25 | $180.0M | $255.5M | ||
| Q1 25 | $174.2M | $250.5M | ||
| Q4 24 | $210.0M | $240.0M | ||
| Q3 24 | $193.9M | $239.9M | ||
| Q2 24 | $173.6M | $234.1M |
| Q1 26 | $4.0M | $40.3M | ||
| Q4 25 | — | $39.2M | ||
| Q3 25 | $-1.2M | $40.3M | ||
| Q2 25 | $-4.9M | $38.3M | ||
| Q1 25 | $-3.7M | $37.1M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | $413.0K | $33.8M | ||
| Q2 24 | $4.1M | $32.1M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 35.6% | ||
| Q3 25 | 38.5% | 35.7% | ||
| Q2 25 | 39.8% | 36.4% | ||
| Q1 25 | 41.0% | 35.2% | ||
| Q4 24 | 36.4% | 36.0% | ||
| Q3 24 | 37.7% | 35.6% | ||
| Q2 24 | 37.3% | 35.5% |
| Q1 26 | 60.5% | 20.5% | ||
| Q4 25 | -1.9% | 19.8% | ||
| Q3 25 | -1.0% | 20.4% | ||
| Q2 25 | -2.1% | 20.1% | ||
| Q1 25 | -2.7% | 20.4% | ||
| Q4 24 | -1.3% | 19.8% | ||
| Q3 24 | -0.5% | 20.0% | ||
| Q2 24 | -3.5% | 19.6% |
| Q1 26 | 1.9% | 14.9% | ||
| Q4 25 | — | 14.9% | ||
| Q3 25 | -0.6% | 15.1% | ||
| Q2 25 | -2.7% | 15.0% | ||
| Q1 25 | -2.1% | 14.8% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | 0.2% | 14.1% | ||
| Q2 24 | 2.3% | 13.7% |
| Q1 26 | $-0.08 | $1.25 | ||
| Q4 25 | $-0.10 | $1.21 | ||
| Q3 25 | $-0.04 | $1.24 | ||
| Q2 25 | $-0.16 | $1.17 | ||
| Q1 25 | $-0.13 | $1.13 | ||
| Q4 24 | $0.27 | $1.03 | ||
| Q3 24 | $0.01 | $1.03 | ||
| Q2 24 | $-0.17 | $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 | $47.3M | $72.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $1.3B |
| Total Assets | $984.2M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $72.9M | ||
| Q4 25 | $111.3M | $74.6M | ||
| Q3 25 | $80.4M | $65.1M | ||
| Q2 25 | $68.1M | $65.4M | ||
| Q1 25 | $41.7M | $49.9M | ||
| Q4 24 | $83.8M | $49.5M | ||
| Q3 24 | $79.9M | $73.7M | ||
| Q2 24 | $76.4M | $63.7M |
| Q1 26 | $405.7M | $1.3B | ||
| Q4 25 | $400.0M | $1.3B | ||
| Q3 25 | $392.7M | $1.3B | ||
| Q2 25 | $384.5M | $1.3B | ||
| Q1 25 | $345.4M | $1.2B | ||
| Q4 24 | $312.5M | $1.1B | ||
| Q3 24 | $336.6M | $1.2B | ||
| Q2 24 | $307.4M | $1.1B |
| Q1 26 | $984.2M | $1.7B | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $964.4M | $1.6B | ||
| Q4 24 | $989.2M | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B |
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 | — | $40.1M |
| Free Cash FlowOCF − Capex | $-1.0M | $33.8M |
| FCF MarginFCF / Revenue | -0.5% | 12.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $40.1M | ||
| Q4 25 | $38.6M | $67.3M | ||
| Q3 25 | $22.2M | $65.6M | ||
| Q2 25 | $31.7M | $47.3M | ||
| Q1 25 | $-3.1M | $36.5M | ||
| Q4 24 | $36.5M | $52.3M | ||
| Q3 24 | $20.5M | $51.3M | ||
| Q2 24 | $24.4M | $45.0M |
| Q1 26 | $-1.0M | $33.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | 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 | — | 1.72× | ||
| Q3 25 | — | 1.63× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | 49.55× | 1.52× | ||
| Q2 24 | 6.03× | 1.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
