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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $267.3M, roughly 1.0× Metallus Inc.). BALCHEM CORP runs the higher net margin — 14.9% vs -5.3%, a 20.2% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 8.1%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-37.2M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -8.8%).
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.
BCPC vs MTUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $267.3M |
| Net Profit | $40.3M | $-14.3M |
| Gross Margin | — | 2.2% |
| Operating Margin | 20.5% | -7.7% |
| Net Margin | 14.9% | -5.3% |
| Revenue YoY | 8.1% | 11.1% |
| Net Profit YoY | 8.7% | 33.2% |
| EPS (diluted) | $1.25 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $267.6M | $305.9M | ||
| Q2 25 | $255.5M | $304.6M | ||
| Q1 25 | $250.5M | $280.5M | ||
| Q4 24 | $240.0M | $240.5M | ||
| Q3 24 | $239.9M | $227.2M | ||
| Q2 24 | $234.1M | $294.7M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-14.3M | ||
| Q3 25 | $40.3M | $8.1M | ||
| Q2 25 | $38.3M | $3.7M | ||
| Q1 25 | $37.1M | $1.3M | ||
| Q4 24 | $33.6M | $-21.4M | ||
| Q3 24 | $33.8M | $-5.9M | ||
| Q2 24 | $32.1M | $4.6M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 2.2% | ||
| Q3 25 | 35.7% | 11.4% | ||
| Q2 25 | 36.4% | 10.6% | ||
| Q1 25 | 35.2% | 7.8% | ||
| Q4 24 | 36.0% | 4.5% | ||
| Q3 24 | 35.6% | 5.3% | ||
| Q2 24 | 35.5% | 8.2% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | -7.7% | ||
| Q3 25 | 20.4% | 3.6% | ||
| Q2 25 | 20.1% | 2.8% | ||
| Q1 25 | 20.4% | 1.0% | ||
| Q4 24 | 19.8% | -10.1% | ||
| Q3 24 | 20.0% | -3.1% | ||
| Q2 24 | 19.6% | 2.1% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -5.3% | ||
| Q3 25 | 15.1% | 2.6% | ||
| Q2 25 | 15.0% | 1.2% | ||
| Q1 25 | 14.8% | 0.5% | ||
| Q4 24 | 14.0% | -8.9% | ||
| Q3 24 | 14.1% | -2.6% | ||
| Q2 24 | 13.7% | 1.6% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $-0.34 | ||
| Q3 25 | $1.24 | $0.19 | ||
| Q2 25 | $1.17 | $0.09 | ||
| Q1 25 | $1.13 | $0.03 | ||
| Q4 24 | $1.03 | $-0.46 | ||
| Q3 24 | $1.03 | $-0.13 | ||
| Q2 24 | $0.98 | $0.10 |
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 | $156.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $686.0M |
| Total Assets | $1.7B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $156.7M | ||
| Q3 25 | $65.1M | $191.5M | ||
| Q2 25 | $65.4M | $190.8M | ||
| Q1 25 | $49.9M | $180.3M | ||
| Q4 24 | $49.5M | $240.7M | ||
| Q3 24 | $73.7M | $254.6M | ||
| Q2 24 | $63.7M | $272.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $686.0M | ||
| Q3 25 | $1.3B | $697.7M | ||
| Q2 25 | $1.3B | $690.0M | ||
| Q1 25 | $1.2B | $686.1M | ||
| Q4 24 | $1.1B | $690.5M | ||
| Q3 24 | $1.2B | $712.7M | ||
| Q2 24 | $1.1B | $736.3M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $33.8M | $-37.2M |
| FCF MarginFCF / Revenue | 12.5% | -13.9% |
| Capex IntensityCapex / Revenue | 2.3% | 13.2% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $-1.9M | ||
| Q3 25 | $65.6M | $22.0M | ||
| Q2 25 | $47.3M | $34.8M | ||
| Q1 25 | $36.5M | $-38.9M | ||
| Q4 24 | $52.3M | $13.9M | ||
| Q3 24 | $51.3M | $-15.3M | ||
| Q2 24 | $45.0M | $8.3M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-6.4M | ||
| Q2 25 | — | $17.0M | ||
| Q1 25 | — | $-66.4M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | — | $-32.9M | ||
| Q2 24 | — | $-5.8M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -13.9% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | -23.7% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | -14.5% | ||
| Q2 24 | — | -2.0% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 4.8% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | 2.72× | ||
| Q2 25 | 1.23× | 9.41× | ||
| Q1 25 | 0.98× | -29.92× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
