vs
Side-by-side financial comparison of BALCHEM CORP (BCPC) and H2O AMERICA (HTO). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $199.4M, roughly 1.4× H2O AMERICA). BALCHEM CORP runs the higher net margin — 14.9% vs 8.1%, a 6.7% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs 1.5%). Over the past eight quarters, H2O AMERICA's revenue compounded faster (15.3% 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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
BCPC vs HTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $199.4M |
| Net Profit | $40.3M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 16.6% |
| Net Margin | 14.9% | 8.1% |
| Revenue YoY | 8.1% | 1.5% |
| Net Profit YoY | 8.7% | -29.2% |
| EPS (diluted) | $1.25 | $0.45 |
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 | $199.4M | ||
| Q3 25 | $267.6M | $243.5M | ||
| Q2 25 | $255.5M | $197.8M | ||
| Q1 25 | $250.5M | $164.9M | ||
| Q4 24 | $240.0M | $196.5M | ||
| Q3 24 | $239.9M | $216.7M | ||
| Q2 24 | $234.1M | $173.1M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $16.2M | ||
| Q3 25 | $40.3M | $45.1M | ||
| Q2 25 | $38.3M | $24.7M | ||
| Q1 25 | $37.1M | $16.6M | ||
| Q4 24 | $33.6M | $22.9M | ||
| Q3 24 | $33.8M | $38.7M | ||
| Q2 24 | $32.1M | $20.7M |
| 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% | 16.6% | ||
| Q3 25 | 20.4% | 26.5% | ||
| Q2 25 | 20.1% | 22.2% | ||
| Q1 25 | 20.4% | 21.8% | ||
| Q4 24 | 19.8% | 22.2% | ||
| Q3 24 | 20.0% | 26.9% | ||
| Q2 24 | 19.6% | 23.4% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 8.1% | ||
| Q3 25 | 15.1% | 18.5% | ||
| Q2 25 | 15.0% | 12.5% | ||
| Q1 25 | 14.8% | 10.0% | ||
| Q4 24 | 14.0% | 11.7% | ||
| Q3 24 | 14.1% | 17.8% | ||
| Q2 24 | 13.7% | 12.0% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.45 | ||
| Q3 25 | $1.24 | $1.27 | ||
| Q2 25 | $1.17 | $0.71 | ||
| Q1 25 | $1.13 | $0.49 | ||
| Q4 24 | $1.03 | $0.70 | ||
| Q3 24 | $1.03 | $1.17 | ||
| Q2 24 | $0.98 | $0.64 |
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 | $20.7M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $1.3B | $1.5B |
| Total Assets | $1.7B | $5.1B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $20.7M | ||
| Q3 25 | $65.1M | $11.3M | ||
| Q2 25 | $65.4M | $19.8M | ||
| Q1 25 | $49.9M | $23.7M | ||
| Q4 24 | $49.5M | $11.1M | ||
| Q3 24 | $73.7M | $4.0M | ||
| Q2 24 | $63.7M | $22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.6B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.6B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $63.5M |
| Free Cash FlowOCF − Capex | $33.8M | — |
| FCF MarginFCF / Revenue | 12.5% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 0.99× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $63.5M | ||
| Q3 25 | $65.6M | $77.3M | ||
| Q2 25 | $47.3M | $60.8M | ||
| Q1 25 | $36.5M | $43.2M | ||
| Q4 24 | $52.3M | $41.5M | ||
| Q3 24 | $51.3M | $53.5M | ||
| Q2 24 | $45.0M | $49.3M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 3.92× | ||
| Q3 25 | 1.63× | 1.71× | ||
| Q2 25 | 1.23× | 2.47× | ||
| Q1 25 | 0.98× | 2.61× | ||
| Q4 24 | 1.56× | 1.81× | ||
| Q3 24 | 1.52× | 1.39× | ||
| Q2 24 | 1.40× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
