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Side-by-side financial comparison of BALCHEM CORP (BCPC) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($398.4M vs $270.7M, roughly 1.5× BALCHEM CORP). IDEX Corporation runs the higher net margin — 30.1% vs 14.9%, a 15.2% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (16.7% vs 8.1%). IDEX Corporation produced more free cash flow last quarter ($86.0M vs $33.8M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -29.4%).
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.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
BCPC vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $398.4M |
| Net Profit | $40.3M | $120.0M |
| Gross Margin | — | 99.9% |
| Operating Margin | 20.5% | 43.3% |
| Net Margin | 14.9% | 30.1% |
| Revenue YoY | 8.1% | 16.7% |
| Net Profit YoY | 8.7% | 25.7% |
| EPS (diluted) | $1.25 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $270.7M | $407.7M | ||
| Q4 25 | $263.6M | $899.1M | ||
| Q3 25 | $267.6M | $878.7M | ||
| Q2 25 | $255.5M | $865.4M | ||
| Q1 25 | $250.5M | $814.3M | ||
| Q4 24 | $240.0M | $862.9M | ||
| Q3 24 | $239.9M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $40.3M | $128.3M | ||
| Q4 25 | $39.2M | $128.3M | ||
| Q3 25 | $40.3M | $127.8M | ||
| Q2 25 | $38.3M | $131.6M | ||
| Q1 25 | $37.1M | $95.5M | ||
| Q4 24 | $33.6M | $123.2M | ||
| Q3 24 | $33.8M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | — | 94.9% | ||
| Q4 25 | 35.6% | 43.1% | ||
| Q3 25 | 35.7% | 44.5% | ||
| Q2 25 | 36.4% | 45.3% | ||
| Q1 25 | 35.2% | 45.3% | ||
| Q4 24 | 36.0% | 42.5% | ||
| Q3 24 | 35.6% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 20.5% | 45.0% | ||
| Q4 25 | 19.8% | 20.4% | ||
| Q3 25 | 20.4% | 21.1% | ||
| Q2 25 | 20.1% | 21.7% | ||
| Q1 25 | 20.4% | 17.4% | ||
| Q4 24 | 19.8% | 19.2% | ||
| Q3 24 | 20.0% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 14.9% | 31.5% | ||
| Q4 25 | 14.9% | 14.3% | ||
| Q3 25 | 15.1% | 14.5% | ||
| Q2 25 | 15.0% | 15.2% | ||
| Q1 25 | 14.8% | 11.7% | ||
| Q4 24 | 14.0% | 14.3% | ||
| Q3 24 | 14.1% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $1.25 | $1.71 | ||
| Q4 25 | $1.21 | $1.71 | ||
| Q3 25 | $1.24 | $1.70 | ||
| Q2 25 | $1.17 | $1.74 | ||
| Q1 25 | $1.13 | $1.26 | ||
| Q4 24 | $1.03 | $1.61 | ||
| Q3 24 | $1.03 | $1.57 |
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 | $586.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $4.0B |
| Total Assets | $1.7B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $72.9M | $580.0M | ||
| Q4 25 | $74.6M | $580.0M | ||
| Q3 25 | $65.1M | $593.8M | ||
| Q2 25 | $65.4M | $568.2M | ||
| Q1 25 | $49.9M | $594.1M | ||
| Q4 24 | $49.5M | $620.8M | ||
| Q3 24 | $73.7M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | $1.3B | $4.0B | ||
| Q4 25 | $1.3B | $4.0B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.3B | $4.0B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | $1.1B | $3.8B | ||
| Q3 24 | $1.2B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $1.7B | $6.9B | ||
| Q4 25 | $1.7B | $6.9B | ||
| Q3 25 | $1.7B | $7.0B | ||
| Q2 25 | $1.7B | $6.9B | ||
| Q1 25 | $1.6B | $6.8B | ||
| Q4 24 | $1.6B | $6.7B | ||
| Q3 24 | $1.6B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.55× |
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 | — |
| Free Cash FlowOCF − Capex | $33.8M | $86.0M |
| FCF MarginFCF / Revenue | 12.5% | 21.6% |
| Capex IntensityCapex / Revenue | 2.3% | 4.4% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $209.5M | ||
| Q3 25 | $65.6M | $203.5M | ||
| Q2 25 | $47.3M | $161.7M | ||
| Q1 25 | $36.5M | $105.7M | ||
| Q4 24 | $52.3M | $172.6M | ||
| Q3 24 | $51.3M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | $33.8M | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | — | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | — | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | 12.5% | 46.6% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | 2.3% | 15.6% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 1.63× | ||
| Q3 25 | 1.63× | 1.59× | ||
| Q2 25 | 1.23× | 1.23× | ||
| Q1 25 | 0.98× | 1.11× | ||
| Q4 24 | 1.56× | 1.40× | ||
| Q3 24 | 1.52× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
