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

BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $156.4M, roughly 1.7× CBL & ASSOCIATES PROPERTIES INC). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 14.9%, a 16.4% gap on every dollar of revenue. On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs 8.1%). Over the past eight quarters, CBL & ASSOCIATES PROPERTIES INC's revenue compounded faster (10.1% CAGR vs 7.5%).

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.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

BCPC vs CBL — Head-to-Head

Bigger by revenue
BCPC
BCPC
1.7× larger
BCPC
$270.7M
$156.4M
CBL
Growing faster (revenue YoY)
CBL
CBL
+10.7% gap
CBL
18.8%
8.1%
BCPC
Higher net margin
CBL
CBL
16.4% more per $
CBL
31.3%
14.9%
BCPC
Faster 2-yr revenue CAGR
CBL
CBL
Annualised
CBL
10.1%
7.5%
BCPC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BCPC
BCPC
CBL
CBL
Revenue
$270.7M
$156.4M
Net Profit
$40.3M
$49.0M
Gross Margin
Operating Margin
20.5%
Net Margin
14.9%
31.3%
Revenue YoY
8.1%
18.8%
Net Profit YoY
8.7%
29.0%
EPS (diluted)
$1.25
$1.61

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
CBL
CBL
Q1 26
$270.7M
Q4 25
$263.6M
$156.4M
Q3 25
$267.6M
$139.3M
Q2 25
$255.5M
$140.9M
Q1 25
$250.5M
$141.8M
Q4 24
$240.0M
$131.7M
Q3 24
$239.9M
$125.1M
Q2 24
$234.1M
$129.7M
Net Profit
BCPC
BCPC
CBL
CBL
Q1 26
$40.3M
Q4 25
$39.2M
$49.0M
Q3 25
$40.3M
$75.4M
Q2 25
$38.3M
$2.8M
Q1 25
$37.1M
$8.8M
Q4 24
$33.6M
$38.0M
Q3 24
$33.8M
$16.2M
Q2 24
$32.1M
$4.7M
Gross Margin
BCPC
BCPC
CBL
CBL
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%
Operating Margin
BCPC
BCPC
CBL
CBL
Q1 26
20.5%
Q4 25
19.8%
Q3 25
20.4%
Q2 25
20.1%
Q1 25
20.4%
Q4 24
19.8%
Q3 24
20.0%
Q2 24
19.6%
Net Margin
BCPC
BCPC
CBL
CBL
Q1 26
14.9%
Q4 25
14.9%
31.3%
Q3 25
15.1%
54.2%
Q2 25
15.0%
2.0%
Q1 25
14.8%
6.2%
Q4 24
14.0%
28.8%
Q3 24
14.1%
12.9%
Q2 24
13.7%
3.7%
EPS (diluted)
BCPC
BCPC
CBL
CBL
Q1 26
$1.25
Q4 25
$1.21
$1.61
Q3 25
$1.24
$2.38
Q2 25
$1.17
$0.08
Q1 25
$1.13
$0.27
Q4 24
$1.03
$1.22
Q3 24
$1.03
$0.52
Q2 24
$0.98
$0.14

Balance Sheet & Financial Strength

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

Metric
BCPC
BCPC
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$72.9M
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$1.3B
$374.9M
Total Assets
$1.7B
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCPC
BCPC
CBL
CBL
Q1 26
$72.9M
Q4 25
$74.6M
$42.3M
Q3 25
$65.1M
$52.6M
Q2 25
$65.4M
$100.3M
Q1 25
$49.9M
$100.3M
Q4 24
$49.5M
$40.8M
Q3 24
$73.7M
$65.1M
Q2 24
$63.7M
$57.7M
Total Debt
BCPC
BCPC
CBL
CBL
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Stockholders' Equity
BCPC
BCPC
CBL
CBL
Q1 26
$1.3B
Q4 25
$1.3B
$374.9M
Q3 25
$1.3B
$351.4M
Q2 25
$1.3B
$289.4M
Q1 25
$1.2B
$295.0M
Q4 24
$1.1B
$323.5M
Q3 24
$1.2B
$308.3M
Q2 24
$1.1B
$308.8M
Total Assets
BCPC
BCPC
CBL
CBL
Q1 26
$1.7B
Q4 25
$1.7B
$2.7B
Q3 25
$1.7B
$2.7B
Q2 25
$1.7B
$2.6B
Q1 25
$1.6B
$2.6B
Q4 24
$1.6B
$2.7B
Q3 24
$1.6B
$2.2B
Q2 24
$1.6B
$2.3B
Debt / Equity
BCPC
BCPC
CBL
CBL
Q1 26
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×

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
CBL
CBL
Operating Cash FlowLast quarter
$40.1M
$249.7M
Free Cash FlowOCF − Capex
$33.8M
FCF MarginFCF / Revenue
12.5%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
0.99×
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCPC
BCPC
CBL
CBL
Q1 26
$40.1M
Q4 25
$67.3M
$249.7M
Q3 25
$65.6M
$69.6M
Q2 25
$47.3M
$68.3M
Q1 25
$36.5M
$31.7M
Q4 24
$52.3M
$202.2M
Q3 24
$51.3M
$61.1M
Q2 24
$45.0M
$64.2M
Free Cash Flow
BCPC
BCPC
CBL
CBL
Q1 26
$33.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$46.0M
Q2 24
$54.8M
FCF Margin
BCPC
BCPC
CBL
CBL
Q1 26
12.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.8%
Q2 24
42.2%
Capex Intensity
BCPC
BCPC
CBL
CBL
Q1 26
2.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.1%
Q2 24
7.3%
Cash Conversion
BCPC
BCPC
CBL
CBL
Q1 26
0.99×
Q4 25
1.72×
5.10×
Q3 25
1.63×
0.92×
Q2 25
1.23×
24.74×
Q1 25
0.98×
3.60×
Q4 24
1.56×
5.32×
Q3 24
1.52×
3.77×
Q2 24
1.40×
13.54×

Financial Flow Comparison

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

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