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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $140.0M, roughly 1.9× Fat Brands, Inc). BALCHEM CORP runs the higher net margin — 14.9% vs -41.6%, a 56.5% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -2.3%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-16.9M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -6.1%).
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.
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
BCPC vs FAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $140.0M |
| Net Profit | $40.3M | $-58.2M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | -12.4% |
| Net Margin | 14.9% | -41.6% |
| Revenue YoY | 8.1% | -2.3% |
| Net Profit YoY | 8.7% | -30.1% |
| EPS (diluted) | $1.25 | $-3.39 |
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 | $140.0M | ||
| Q2 25 | $255.5M | $146.8M | ||
| Q1 25 | $250.5M | $142.0M | ||
| Q4 24 | $240.0M | $145.3M | ||
| Q3 24 | $239.9M | $143.4M | ||
| Q2 24 | $234.1M | $152.0M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | — | ||
| Q3 25 | $40.3M | $-58.2M | ||
| Q2 25 | $38.3M | $-54.2M | ||
| Q1 25 | $37.1M | $-46.0M | ||
| Q4 24 | $33.6M | $-67.4M | ||
| Q3 24 | $33.8M | $-44.8M | ||
| Q2 24 | $32.1M | $-39.4M |
| 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% | -12.4% | ||
| Q2 25 | 20.1% | -10.6% | ||
| Q1 25 | 20.4% | -6.0% | ||
| Q4 24 | 19.8% | -27.1% | ||
| Q3 24 | 20.0% | -6.2% | ||
| Q2 24 | 19.6% | -1.8% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | — | ||
| Q3 25 | 15.1% | -41.6% | ||
| Q2 25 | 15.0% | -36.9% | ||
| Q1 25 | 14.8% | -32.4% | ||
| Q4 24 | 14.0% | -46.4% | ||
| Q3 24 | 14.1% | -31.2% | ||
| Q2 24 | 13.7% | -25.9% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | — | ||
| Q3 25 | $1.24 | $-3.39 | ||
| Q2 25 | $1.17 | $-3.17 | ||
| Q1 25 | $1.13 | $-2.73 | ||
| Q4 24 | $1.03 | $-4.06 | ||
| Q3 24 | $1.03 | $-2.74 | ||
| Q2 24 | $0.98 | $-2.43 |
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 | — |
| Total DebtLower is stronger | — | $1.3B |
| Stockholders' EquityBook value | $1.3B | $-585.8M |
| Total Assets | $1.7B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $-585.8M | ||
| Q2 25 | $1.3B | $-536.5M | ||
| Q1 25 | $1.2B | $-493.9M | ||
| Q4 24 | $1.1B | $-455.7M | ||
| Q3 24 | $1.2B | $-386.1M | ||
| Q2 24 | $1.1B | $-338.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.4B |
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 | $-14.5M |
| Free Cash FlowOCF − Capex | $33.8M | $-16.9M |
| FCF MarginFCF / Revenue | 12.5% | -12.1% |
| Capex IntensityCapex / Revenue | 2.3% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | — | ||
| Q3 25 | $65.6M | $-14.5M | ||
| Q2 25 | $47.3M | $-26.9M | ||
| Q1 25 | $36.5M | $-13.2M | ||
| Q4 24 | $52.3M | $-10.4M | ||
| Q3 24 | $51.3M | $-3.2M | ||
| Q2 24 | $45.0M | $-14.2M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-16.9M | ||
| Q2 25 | — | $-29.3M | ||
| Q1 25 | — | $-17.8M | ||
| Q4 24 | — | $-11.0M | ||
| Q3 24 | — | $-11.1M | ||
| Q2 24 | — | $-24.4M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -12.1% | ||
| Q2 25 | — | -20.0% | ||
| Q1 25 | — | -12.5% | ||
| Q4 24 | — | -7.6% | ||
| Q3 24 | — | -7.7% | ||
| Q2 24 | — | -16.1% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 6.7% |
| 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.
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
