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Side-by-side financial comparison of BALCHEM CORP (BCPC) and BLACKBAUD INC (BLKB). Click either name above to swap in a different company.

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $263.6M, roughly 1.1× BALCHEM CORP). BALCHEM CORP runs the higher net margin — 14.9% vs 11.1%, a 3.8% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (9.8% vs 4.2%). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (4.9% CAGR vs -1.1%).

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.

Blackbaud, Inc. is a cloud computing provider that supports nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.

BCPC vs BLKB — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.1× larger
BLKB
$281.1M
$263.6M
BCPC
Growing faster (revenue YoY)
BCPC
BCPC
+5.7% gap
BCPC
9.8%
4.2%
BLKB
Higher net margin
BCPC
BCPC
3.8% more per $
BCPC
14.9%
11.1%
BLKB
Faster 2-yr revenue CAGR
BCPC
BCPC
Annualised
BCPC
4.9%
-1.1%
BLKB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCPC
BCPC
BLKB
BLKB
Revenue
$263.6M
$281.1M
Net Profit
$39.2M
$31.1M
Gross Margin
35.6%
59.2%
Operating Margin
19.8%
18.3%
Net Margin
14.9%
11.1%
Revenue YoY
9.8%
4.2%
Net Profit YoY
16.8%
620.3%
EPS (diluted)
$1.21
$0.67

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.

Revenue
BCPC
BCPC
BLKB
BLKB
Q1 26
$281.1M
Q4 25
$263.6M
$295.3M
Q3 25
$267.6M
$281.1M
Q2 25
$255.5M
$282.0M
Q1 25
$250.5M
$269.9M
Q4 24
$240.0M
$302.1M
Q3 24
$239.9M
$286.6M
Q2 24
$234.1M
$287.3M
Net Profit
BCPC
BCPC
BLKB
BLKB
Q1 26
$31.1M
Q4 25
$39.2M
$36.7M
Q3 25
$40.3M
$47.5M
Q2 25
$38.3M
$26.5M
Q1 25
$37.1M
$4.3M
Q4 24
$33.6M
$-346.4M
Q3 24
$33.8M
$18.3M
Q2 24
$32.1M
$21.2M
Gross Margin
BCPC
BCPC
BLKB
BLKB
Q1 26
59.2%
Q4 25
35.6%
58.3%
Q3 25
35.7%
59.6%
Q2 25
36.4%
59.7%
Q1 25
35.2%
57.5%
Q4 24
36.0%
53.8%
Q3 24
35.6%
54.9%
Q2 24
35.5%
56.0%
Operating Margin
BCPC
BCPC
BLKB
BLKB
Q1 26
18.3%
Q4 25
19.8%
20.0%
Q3 25
20.4%
19.4%
Q2 25
20.1%
20.3%
Q1 25
20.4%
7.3%
Q4 24
19.8%
-121.5%
Q3 24
20.0%
14.4%
Q2 24
19.6%
14.4%
Net Margin
BCPC
BCPC
BLKB
BLKB
Q1 26
11.1%
Q4 25
14.9%
12.4%
Q3 25
15.1%
16.9%
Q2 25
15.0%
9.4%
Q1 25
14.8%
1.6%
Q4 24
14.0%
-114.6%
Q3 24
14.1%
6.4%
Q2 24
13.7%
7.4%
EPS (diluted)
BCPC
BCPC
BLKB
BLKB
Q1 26
$0.67
Q4 25
$1.21
$0.75
Q3 25
$1.24
$0.98
Q2 25
$1.17
$0.55
Q1 25
$1.13
$0.09
Q4 24
$1.03
$-6.82
Q3 24
$1.03
$0.35
Q2 24
$0.98
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCPC
BCPC
BLKB
BLKB
Cash + ST InvestmentsLiquidity on hand
$74.6M
$34.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$34.6M
Total Assets
$1.7B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCPC
BCPC
BLKB
BLKB
Q1 26
$34.1M
Q4 25
$74.6M
$38.9M
Q3 25
$65.1M
$38.3M
Q2 25
$65.4M
$41.6M
Q1 25
$49.9M
$37.2M
Q4 24
$49.5M
$67.6M
Q3 24
$73.7M
$34.6M
Q2 24
$63.7M
$30.4M
Total Debt
BCPC
BCPC
BLKB
BLKB
Q1 26
Q4 25
$1.1B
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$1.0B
Stockholders' Equity
BCPC
BCPC
BLKB
BLKB
Q1 26
$34.6M
Q4 25
$1.3B
$85.1M
Q3 25
$1.3B
$108.2M
Q2 25
$1.3B
$72.7M
Q1 25
$1.2B
$17.5M
Q4 24
$1.1B
$126.8M
Q3 24
$1.2B
$544.8M
Q2 24
$1.1B
$577.5M
Total Assets
BCPC
BCPC
BLKB
BLKB
Q1 26
$2.1B
Q4 25
$1.7B
$2.4B
Q3 25
$1.7B
$2.1B
Q2 25
$1.7B
$2.6B
Q1 25
$1.6B
$2.1B
Q4 24
$1.6B
$2.5B
Q3 24
$1.6B
$2.6B
Q2 24
$1.6B
$3.0B
Debt / Equity
BCPC
BCPC
BLKB
BLKB
Q1 26
Q4 25
13.06×
Q3 25
Q2 25
Q1 25
Q4 24
8.50×
Q3 24
1.84×
Q2 24
1.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCPC
BCPC
BLKB
BLKB
Operating Cash FlowLast quarter
$67.3M
$51.5M
Free Cash FlowOCF − Capex
$37.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCPC
BCPC
BLKB
BLKB
Q1 26
$51.5M
Q4 25
$67.3M
$58.0M
Q3 25
$65.6M
$139.2M
Q2 25
$47.3M
$66.9M
Q1 25
$36.5M
$1.4M
Q4 24
$52.3M
$73.6M
Q3 24
$51.3M
$104.0M
Q2 24
$45.0M
$53.1M
Free Cash Flow
BCPC
BCPC
BLKB
BLKB
Q1 26
$37.0M
Q4 25
$55.0M
Q3 25
$135.7M
Q2 25
$66.3M
Q1 25
$712.0K
Q4 24
$73.4M
Q3 24
$102.9M
Q2 24
$48.0M
FCF Margin
BCPC
BCPC
BLKB
BLKB
Q1 26
13.2%
Q4 25
18.6%
Q3 25
48.3%
Q2 25
23.5%
Q1 25
0.3%
Q4 24
24.3%
Q3 24
35.9%
Q2 24
16.7%
Capex Intensity
BCPC
BCPC
BLKB
BLKB
Q1 26
Q4 25
1.0%
Q3 25
1.2%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.4%
Q2 24
1.8%
Cash Conversion
BCPC
BCPC
BLKB
BLKB
Q1 26
1.65×
Q4 25
1.72×
1.58×
Q3 25
1.63×
2.93×
Q2 25
1.23×
2.53×
Q1 25
0.98×
0.32×
Q4 24
1.56×
Q3 24
1.52×
5.69×
Q2 24
1.40×
2.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BCPC
BCPC

Human Nutrition And Health$166.1M63%
Animal Nutrition And Health$61.2M23%
Specialty Products$34.8M13%

BLKB
BLKB

Segment breakdown not available.

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