vs

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

BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $236.0M, roughly 1.1× DONEGAL GROUP INC). BALCHEM CORP runs the higher net margin — 14.9% vs 4.9%, a 10.0% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -3.7%). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -2.2%).

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.

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

BCPC vs DGICA — Head-to-Head

Bigger by revenue
BCPC
BCPC
1.1× larger
BCPC
$270.7M
$236.0M
DGICA
Growing faster (revenue YoY)
BCPC
BCPC
+11.8% gap
BCPC
8.1%
-3.7%
DGICA
Higher net margin
BCPC
BCPC
10.0% more per $
BCPC
14.9%
4.9%
DGICA
Faster 2-yr revenue CAGR
BCPC
BCPC
Annualised
BCPC
7.5%
-2.2%
DGICA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BCPC
BCPC
DGICA
DGICA
Revenue
$270.7M
$236.0M
Net Profit
$40.3M
$11.5M
Gross Margin
Operating Margin
20.5%
Net Margin
14.9%
4.9%
Revenue YoY
8.1%
-3.7%
Net Profit YoY
8.7%
-54.3%
EPS (diluted)
$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.

Revenue
BCPC
BCPC
DGICA
DGICA
Q1 26
$270.7M
$236.0M
Q4 25
$263.6M
$239.8M
Q3 25
$267.6M
$245.9M
Q2 25
$255.5M
$247.1M
Q1 25
$250.5M
$245.2M
Q4 24
$240.0M
$250.0M
Q3 24
$239.9M
$251.7M
Q2 24
$234.1M
$246.8M
Net Profit
BCPC
BCPC
DGICA
DGICA
Q1 26
$40.3M
$11.5M
Q4 25
$39.2M
$17.2M
Q3 25
$40.3M
$20.1M
Q2 25
$38.3M
$16.9M
Q1 25
$37.1M
$25.2M
Q4 24
$33.6M
$24.0M
Q3 24
$33.8M
$16.8M
Q2 24
$32.1M
$4.2M
Gross Margin
BCPC
BCPC
DGICA
DGICA
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
DGICA
DGICA
Q1 26
20.5%
Q4 25
19.8%
8.7%
Q3 25
20.4%
10.2%
Q2 25
20.1%
8.3%
Q1 25
20.4%
12.7%
Q4 24
19.8%
11.9%
Q3 24
20.0%
8.1%
Q2 24
19.6%
2.0%
Net Margin
BCPC
BCPC
DGICA
DGICA
Q1 26
14.9%
4.9%
Q4 25
14.9%
7.2%
Q3 25
15.1%
8.2%
Q2 25
15.0%
6.8%
Q1 25
14.8%
10.3%
Q4 24
14.0%
9.6%
Q3 24
14.1%
6.7%
Q2 24
13.7%
1.7%
EPS (diluted)
BCPC
BCPC
DGICA
DGICA
Q1 26
$1.25
Q4 25
$1.21
Q3 25
$1.24
Q2 25
$1.17
Q1 25
$1.13
Q4 24
$1.03
Q3 24
$1.03
Q2 24
$0.98

Balance Sheet & Financial Strength

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

Metric
BCPC
BCPC
DGICA
DGICA
Cash + ST InvestmentsLiquidity on hand
$72.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$649.1M
Total Assets
$1.7B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCPC
BCPC
DGICA
DGICA
Q1 26
$72.9M
Q4 25
$74.6M
Q3 25
$65.1M
Q2 25
$65.4M
Q1 25
$49.9M
Q4 24
$49.5M
Q3 24
$73.7M
Q2 24
$63.7M
Stockholders' Equity
BCPC
BCPC
DGICA
DGICA
Q1 26
$1.3B
$649.1M
Q4 25
$1.3B
$640.4M
Q3 25
$1.3B
$627.4M
Q2 25
$1.3B
$605.7M
Q1 25
$1.2B
$584.7M
Q4 24
$1.1B
$545.8M
Q3 24
$1.2B
$513.4M
Q2 24
$1.1B
$484.1M
Total Assets
BCPC
BCPC
DGICA
DGICA
Q1 26
$1.7B
$2.4B
Q4 25
$1.7B
$2.4B
Q3 25
$1.7B
$2.4B
Q2 25
$1.7B
$2.4B
Q1 25
$1.6B
$2.4B
Q4 24
$1.6B
$2.3B
Q3 24
$1.6B
$2.3B
Q2 24
$1.6B
$2.3B

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
DGICA
DGICA
Operating Cash FlowLast quarter
$40.1M
Free Cash FlowOCF − Capex
$33.8M
FCF MarginFCF / Revenue
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.

Operating Cash Flow
BCPC
BCPC
DGICA
DGICA
Q1 26
$40.1M
Q4 25
$67.3M
$70.2M
Q3 25
$65.6M
$22.4M
Q2 25
$47.3M
$12.1M
Q1 25
$36.5M
$25.7M
Q4 24
$52.3M
$67.4M
Q3 24
$51.3M
$12.7M
Q2 24
$45.0M
$21.7M
Free Cash Flow
BCPC
BCPC
DGICA
DGICA
Q1 26
$33.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
BCPC
BCPC
DGICA
DGICA
Q1 26
12.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
BCPC
BCPC
DGICA
DGICA
Q1 26
2.3%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
BCPC
BCPC
DGICA
DGICA
Q1 26
0.99×
Q4 25
1.72×
4.08×
Q3 25
1.63×
1.11×
Q2 25
1.23×
0.72×
Q1 25
0.98×
1.02×
Q4 24
1.56×
2.81×
Q3 24
1.52×
0.76×
Q2 24
1.40×
5.22×

Financial Flow Comparison

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

Related Comparisons