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Side-by-side financial comparison of BALCHEM CORP (BCPC) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $270.7M, roughly 1.8× BALCHEM CORP). BALCHEM CORP runs the higher net margin — 14.9% vs 0.7%, a 14.2% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs 7.9%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $30.3M). Over the past eight quarters, National Vision Holdings, Inc.'s revenue compounded faster (7.6% 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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
BCPC vs EYE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $487.3M |
| Net Profit | $40.3M | $3.4M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 2.0% |
| Net Margin | 14.9% | 0.7% |
| Revenue YoY | 8.1% | 7.9% |
| Net Profit YoY | 8.7% | 139.8% |
| EPS (diluted) | $1.25 | $0.04 |
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 | — | ||
| Q3 25 | $267.6M | $487.3M | ||
| Q2 25 | $255.5M | $486.4M | ||
| Q1 25 | $250.5M | $510.3M | ||
| Q4 24 | $240.0M | $437.3M | ||
| Q3 24 | $239.9M | $451.5M | ||
| Q2 24 | $234.1M | $451.7M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | — | ||
| Q3 25 | $40.3M | $3.4M | ||
| Q2 25 | $38.3M | $8.7M | ||
| Q1 25 | $37.1M | $14.2M | ||
| Q4 24 | $33.6M | $-28.6M | ||
| Q3 24 | $33.8M | $-8.5M | ||
| Q2 24 | $32.1M | $-3.1M |
| 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% | — |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | — | ||
| Q3 25 | 20.4% | 2.0% | ||
| Q2 25 | 20.1% | 3.4% | ||
| Q1 25 | 20.4% | 5.1% | ||
| Q4 24 | 19.8% | -5.8% | ||
| Q3 24 | 20.0% | -2.0% | ||
| Q2 24 | 19.6% | 0.1% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 15.1% | 0.7% | ||
| Q2 25 | 15.0% | 1.8% | ||
| Q1 25 | 14.8% | 2.8% | ||
| Q4 24 | 14.0% | -6.5% | ||
| Q3 24 | 14.1% | -1.9% | ||
| Q2 24 | 13.7% | -0.7% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | — | ||
| Q3 25 | $1.24 | $0.04 | ||
| Q2 25 | $1.17 | $0.11 | ||
| Q1 25 | $1.13 | $0.18 | ||
| Q4 24 | $1.03 | $-0.36 | ||
| Q3 24 | $1.03 | $-0.11 | ||
| Q2 24 | $0.98 | $-0.04 |
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 | $56.0M |
| Total DebtLower is stronger | — | $236.5M |
| Stockholders' EquityBook value | $1.3B | $858.8M |
| Total Assets | $1.7B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | — | ||
| Q3 25 | $65.1M | $56.0M | ||
| Q2 25 | $65.4M | $48.5M | ||
| Q1 25 | $49.9M | $80.0M | ||
| Q4 24 | $49.5M | $73.9M | ||
| Q3 24 | $73.7M | $81.2M | ||
| Q2 24 | $63.7M | $179.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $236.5M | ||
| Q2 25 | — | $255.6M | ||
| Q1 25 | — | $244.7M | ||
| Q4 24 | — | $248.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $143.9M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $858.8M | ||
| Q2 25 | $1.3B | $850.6M | ||
| Q1 25 | $1.2B | $836.2M | ||
| Q4 24 | $1.1B | $816.3M | ||
| Q3 24 | $1.2B | $840.0M | ||
| Q2 24 | $1.1B | $843.4M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.6B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.17× |
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 | $46.6M |
| Free Cash FlowOCF − Capex | $33.8M | $30.3M |
| FCF MarginFCF / Revenue | 12.5% | 6.2% |
| Capex IntensityCapex / Revenue | 2.3% | 3.4% |
| Cash ConversionOCF / Net Profit | 0.99× | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | — | ||
| Q3 25 | $65.6M | $46.6M | ||
| Q2 25 | $47.3M | $54.3M | ||
| Q1 25 | $36.5M | $32.2M | ||
| Q4 24 | $52.3M | $30.3M | ||
| Q3 24 | $51.3M | $27.9M | ||
| Q2 24 | $45.0M | $51.5M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $30.3M | ||
| Q2 25 | — | $42.4M | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $4.1M | ||
| Q2 24 | — | $31.9M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 7.1% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | 13.83× | ||
| Q2 25 | 1.23× | 6.22× | ||
| Q1 25 | 0.98× | 2.27× | ||
| 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.
