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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
Compass Diversified Holdings is the larger business by last-quarter revenue ($468.6M vs $270.7M, roughly 1.7× BALCHEM CORP). BALCHEM CORP runs the higher net margin — 14.9% vs -16.8%, a 31.7% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -5.1%). Compass Diversified Holdings produced more free cash flow last quarter ($36.9M vs $33.8M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs 6.8%).
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.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
BCPC vs CODI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $468.6M |
| Net Profit | $40.3M | $-78.8M |
| Gross Margin | — | 43.1% |
| Operating Margin | 20.5% | 9.8% |
| Net Margin | 14.9% | -16.8% |
| Revenue YoY | 8.1% | -5.1% |
| Net Profit YoY | 8.7% | -14.4% |
| EPS (diluted) | $1.25 | $-0.91 |
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 | $263.6M | $468.6M | ||
| Q3 25 | $267.6M | $472.6M | ||
| Q2 25 | $255.5M | $478.7M | ||
| Q1 25 | $250.5M | $453.8M | ||
| Q4 24 | $240.0M | $493.9M | ||
| Q3 24 | $239.9M | $456.6M | ||
| Q2 24 | $234.1M | $426.7M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-78.8M | ||
| Q3 25 | $40.3M | $-74.0M | ||
| Q2 25 | $38.3M | $-51.2M | ||
| Q1 25 | $37.1M | $-30.0M | ||
| Q4 24 | $33.6M | $-68.9M | ||
| Q3 24 | $33.8M | $-36.0M | ||
| Q2 24 | $32.1M | $-73.1M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 43.1% | ||
| Q3 25 | 35.7% | 44.0% | ||
| Q2 25 | 36.4% | 43.6% | ||
| Q1 25 | 35.2% | 43.2% | ||
| Q4 24 | 36.0% | 38.6% | ||
| Q3 24 | 35.6% | 43.1% | ||
| Q2 24 | 35.5% | 44.1% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 9.8% | ||
| Q3 25 | 20.4% | -2.3% | ||
| Q2 25 | 20.1% | -5.7% | ||
| Q1 25 | 20.4% | 0.8% | ||
| Q4 24 | 19.8% | -3.8% | ||
| Q3 24 | 20.0% | 1.8% | ||
| Q2 24 | 19.6% | 1.8% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -16.8% | ||
| Q3 25 | 15.1% | -15.7% | ||
| Q2 25 | 15.0% | -10.7% | ||
| Q1 25 | 14.8% | -6.6% | ||
| Q4 24 | 14.0% | -13.9% | ||
| Q3 24 | 14.1% | -7.9% | ||
| Q2 24 | 13.7% | -17.1% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $-0.91 | ||
| Q3 25 | $1.24 | $-1.21 | ||
| Q2 25 | $1.17 | $-0.88 | ||
| Q1 25 | $1.13 | $-0.59 | ||
| Q4 24 | $1.03 | $-0.57 | ||
| Q3 24 | $1.03 | $-0.62 | ||
| Q2 24 | $0.98 | $-1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $72.9M | $68.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.3B | $442.0M |
| Total Assets | $1.7B | $3.0B |
| Debt / EquityLower = less leverage | — | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $68.0M | ||
| Q3 25 | $65.1M | $61.1M | ||
| Q2 25 | $65.4M | $73.8M | ||
| Q1 25 | $49.9M | $146.2M | ||
| Q4 24 | $49.5M | $59.7M | ||
| Q3 24 | $73.7M | $64.9M | ||
| Q2 24 | $63.7M | $61.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.7B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $442.0M | ||
| Q3 25 | $1.3B | $519.2M | ||
| Q2 25 | $1.3B | $601.9M | ||
| Q1 25 | $1.2B | $680.7M | ||
| Q4 24 | $1.1B | $678.6M | ||
| Q3 24 | $1.2B | $672.2M | ||
| Q2 24 | $1.1B | $711.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.6B | $3.4B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.6B | $3.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.25× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 3.09× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 2.61× | ||
| Q3 24 | — | 2.64× | ||
| Q2 24 | — | 2.42× |
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 | $47.0M |
| Free Cash FlowOCF − Capex | $33.8M | $36.9M |
| FCF MarginFCF / Revenue | 12.5% | 7.9% |
| Capex IntensityCapex / Revenue | 2.3% | 2.2% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $47.0M | ||
| Q3 25 | $65.6M | $10.7M | ||
| Q2 25 | $47.3M | $-35.2M | ||
| Q1 25 | $36.5M | $-29.3M | ||
| Q4 24 | $52.3M | $-16.1M | ||
| Q3 24 | $51.3M | $-48.4M | ||
| Q2 24 | $45.0M | $-61.3M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $36.9M | ||
| Q3 25 | — | $481.0K | ||
| Q2 25 | — | $-46.0M | ||
| Q1 25 | — | $-42.4M | ||
| Q4 24 | — | $-39.0M | ||
| Q3 24 | — | $-63.5M | ||
| Q2 24 | — | $-72.2M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | -9.6% | ||
| Q1 25 | — | -9.4% | ||
| Q4 24 | — | -7.9% | ||
| Q3 24 | — | -13.9% | ||
| Q2 24 | — | -16.9% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.3% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.6% |
| 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 | 1.52× | — | ||
| Q2 24 | 1.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
