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Side-by-side financial comparison of BALCHEM CORP (BCPC) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $270.7M, roughly 2.0× BALCHEM CORP). BALCHEM CORP runs the higher net margin — 14.9% vs 6.4%, a 8.5% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (9.8% vs 8.1%). KENNAMETAL INC produced more free cash flow last quarter ($42.4M vs $33.8M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs 1.3%).
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.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
BCPC vs KMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $529.5M |
| Net Profit | $40.3M | $33.9M |
| Gross Margin | — | 32.8% |
| Operating Margin | 20.5% | 9.9% |
| Net Margin | 14.9% | 6.4% |
| Revenue YoY | 8.1% | 9.8% |
| Net Profit YoY | 8.7% | 89.0% |
| EPS (diluted) | $1.25 | $0.44 |
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 | $529.5M | ||
| Q3 25 | $267.6M | $498.0M | ||
| Q2 25 | $255.5M | $516.4M | ||
| Q1 25 | $250.5M | $486.4M | ||
| Q4 24 | $240.0M | $482.1M | ||
| Q3 24 | $239.9M | $481.9M | ||
| Q2 24 | $234.1M | $543.3M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $33.9M | ||
| Q3 25 | $40.3M | $23.3M | ||
| Q2 25 | $38.3M | $21.6M | ||
| Q1 25 | $37.1M | $31.5M | ||
| Q4 24 | $33.6M | $17.9M | ||
| Q3 24 | $33.8M | $22.1M | ||
| Q2 24 | $32.1M | $37.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 32.8% | ||
| Q3 25 | 35.7% | 31.0% | ||
| Q2 25 | 36.4% | 28.2% | ||
| Q1 25 | 35.2% | 32.1% | ||
| Q4 24 | 36.0% | 30.1% | ||
| Q3 24 | 35.6% | 31.3% | ||
| Q2 24 | 35.5% | 31.5% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 9.9% | ||
| Q3 25 | 20.4% | 7.5% | ||
| Q2 25 | 20.1% | 6.1% | ||
| Q1 25 | 20.4% | 9.1% | ||
| Q4 24 | 19.8% | 6.6% | ||
| Q3 24 | 20.0% | 7.5% | ||
| Q2 24 | 19.6% | 11.3% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 6.4% | ||
| Q3 25 | 15.1% | 4.7% | ||
| Q2 25 | 15.0% | 4.2% | ||
| Q1 25 | 14.8% | 6.5% | ||
| Q4 24 | 14.0% | 3.7% | ||
| Q3 24 | 14.1% | 4.6% | ||
| Q2 24 | 13.7% | 6.8% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.44 | ||
| Q3 25 | $1.24 | $0.30 | ||
| Q2 25 | $1.17 | $0.28 | ||
| Q1 25 | $1.13 | $0.41 | ||
| Q4 24 | $1.03 | $0.23 | ||
| Q3 24 | $1.03 | $0.28 | ||
| Q2 24 | $0.98 | $0.47 |
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 | $129.3M |
| Total DebtLower is stronger | — | $597.2M |
| Stockholders' EquityBook value | $1.3B | $1.3B |
| Total Assets | $1.7B | $2.6B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $129.3M | ||
| Q3 25 | $65.1M | $103.5M | ||
| Q2 25 | $65.4M | $140.5M | ||
| Q1 25 | $49.9M | $97.5M | ||
| Q4 24 | $49.5M | $121.2M | ||
| Q3 24 | $73.7M | $119.6M | ||
| Q2 24 | $63.7M | $128.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $597.2M | ||
| Q3 25 | — | $597.0M | ||
| Q2 25 | — | $596.8M | ||
| Q1 25 | — | $596.6M | ||
| Q4 24 | — | $596.4M | ||
| Q3 24 | — | $596.2M | ||
| Q2 24 | — | $596.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.6B | $2.5B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.6B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.49× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.48× |
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 | $55.1M |
| Free Cash FlowOCF − Capex | $33.8M | $42.4M |
| FCF MarginFCF / Revenue | 12.5% | 8.0% |
| Capex IntensityCapex / Revenue | 2.3% | 2.4% |
| Cash ConversionOCF / Net Profit | 0.99× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $99.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $55.1M | ||
| Q3 25 | $65.6M | $17.5M | ||
| Q2 25 | $47.3M | $78.6M | ||
| Q1 25 | $36.5M | $28.8M | ||
| Q4 24 | $52.3M | $55.2M | ||
| Q3 24 | $51.3M | $45.7M | ||
| Q2 24 | $45.0M | $113.6M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $42.4M | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | — | $57.1M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $35.9M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | — | $90.3M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | -1.1% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 4.3% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 1.63× | ||
| Q3 25 | 1.63× | 0.75× | ||
| Q2 25 | 1.23× | 3.64× | ||
| Q1 25 | 0.98× | 0.92× | ||
| Q4 24 | 1.56× | 3.08× | ||
| Q3 24 | 1.52× | 2.07× | ||
| Q2 24 | 1.40× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
