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Side-by-side financial comparison of BALCHEM CORP (BCPC) and NATIONAL FUEL GAS CO (NFG). Click either name above to swap in a different company.
NATIONAL FUEL GAS CO is the larger business by last-quarter revenue ($425.9M vs $270.7M, roughly 1.6× BALCHEM CORP). NATIONAL FUEL GAS CO runs the higher net margin — 35.7% vs 14.9%, a 20.8% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs 1.7%). Over the past eight quarters, NATIONAL FUEL GAS CO's revenue compounded faster (12.1% 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.
National Fuel Gas Company is a diversified energy company with $6.2 billion in assets distributed among the following five operating segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. National Fuel Gas was incorporated in 1902 and is based in Williamsville, New York.
BCPC vs NFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $425.9M |
| Net Profit | $40.3M | $152.0M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 81.5% |
| Net Margin | 14.9% | 35.7% |
| Revenue YoY | 8.1% | 1.7% |
| Net Profit YoY | 8.7% | — |
| EPS (diluted) | $1.25 | $1.59 |
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 | $425.9M | ||
| Q4 25 | $263.6M | $637.9M | ||
| Q3 25 | $267.6M | $443.1M | ||
| Q2 25 | $255.5M | $527.4M | ||
| Q1 25 | $250.5M | $734.8M | ||
| Q4 24 | $240.0M | $513.8M | ||
| Q3 24 | $239.9M | $310.0M | ||
| Q2 24 | $234.1M | $338.6M |
| Q1 26 | $40.3M | $152.0M | ||
| Q4 25 | $39.2M | $181.6M | ||
| Q3 25 | $40.3M | $107.3M | ||
| Q2 25 | $38.3M | $149.8M | ||
| Q1 25 | $37.1M | $216.4M | ||
| Q4 24 | $33.6M | $45.0M | ||
| Q3 24 | $33.8M | $-167.6M | ||
| Q2 24 | $32.1M | $-54.2M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 86.6% | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 36.4% | 94.7% | ||
| Q1 25 | 35.2% | 81.6% | ||
| Q4 24 | 36.0% | 87.3% | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 35.5% | 98.5% |
| Q1 26 | 20.5% | 81.5% | ||
| Q4 25 | 19.8% | 43.3% | ||
| Q3 25 | 20.4% | 40.6% | ||
| Q2 25 | 20.1% | 43.7% | ||
| Q1 25 | 20.4% | 43.2% | ||
| Q4 24 | 19.8% | 16.8% | ||
| Q3 24 | 20.0% | -63.4% | ||
| Q2 24 | 19.6% | -15.2% |
| Q1 26 | 14.9% | 35.7% | ||
| Q4 25 | 14.9% | 28.5% | ||
| Q3 25 | 15.1% | 24.2% | ||
| Q2 25 | 15.0% | 28.4% | ||
| Q1 25 | 14.8% | 29.4% | ||
| Q4 24 | 14.0% | 8.8% | ||
| Q3 24 | 14.1% | -54.1% | ||
| Q2 24 | 13.7% | -16.0% |
| Q1 26 | $1.25 | $1.59 | ||
| Q4 25 | $1.21 | $1.98 | ||
| Q3 25 | $1.24 | $1.18 | ||
| Q2 25 | $1.17 | $1.64 | ||
| Q1 25 | $1.13 | $2.37 | ||
| Q4 24 | $1.03 | $0.49 | ||
| Q3 24 | $1.03 | $-1.81 | ||
| Q2 24 | $0.98 | $-0.59 |
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 | — | $300.0M |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | $1.7B | $9.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $271.4M | ||
| Q3 25 | $65.1M | $43.2M | ||
| Q2 25 | $65.4M | $39.3M | ||
| Q1 25 | $49.9M | $40.0M | ||
| Q4 24 | $49.5M | $48.7M | ||
| Q3 24 | $73.7M | $38.2M | ||
| Q2 24 | $63.7M | $81.4M |
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $3.6B | ||
| Q3 25 | $1.3B | $3.1B | ||
| Q2 25 | $1.3B | $3.0B | ||
| Q1 25 | $1.2B | $2.8B | ||
| Q4 24 | $1.1B | $-76.2M | ||
| Q3 24 | $1.2B | $-15.5M | ||
| Q2 24 | $1.1B | $5.0M |
| Q1 26 | $1.7B | $9.1B | ||
| Q4 25 | $1.7B | $9.2B | ||
| Q3 25 | $1.7B | $8.7B | ||
| Q2 25 | $1.7B | $8.4B | ||
| Q1 25 | $1.6B | $8.5B | ||
| Q4 24 | $1.6B | $8.3B | ||
| Q3 24 | $1.6B | $8.3B | ||
| Q2 24 | $1.6B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| Free Cash FlowOCF − Capex | $33.8M | — |
| FCF MarginFCF / Revenue | 12.5% | — |
| Capex IntensityCapex / Revenue | 2.3% | 117.0% |
| Cash ConversionOCF / Net Profit | 0.99× | 4.32× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | $657.3M | ||
| Q4 25 | $67.3M | $274.9M | ||
| Q3 25 | $65.6M | $237.8M | ||
| Q2 25 | $47.3M | $388.4M | ||
| Q1 25 | $36.5M | $253.8M | ||
| Q4 24 | $52.3M | $220.1M | ||
| Q3 24 | $51.3M | $197.9M | ||
| Q2 24 | $45.0M | $281.8M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-2.7M | ||
| Q3 25 | — | $-47.8M | ||
| Q2 25 | — | $195.3M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $-20.3M | ||
| Q3 24 | — | $-49.1M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | 37.0% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -15.8% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | 2.3% | 117.0% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 26.4% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 59.7% |
| Q1 26 | 0.99× | 4.32× | ||
| Q4 25 | 1.72× | 1.51× | ||
| Q3 25 | 1.63× | 2.21× | ||
| Q2 25 | 1.23× | 2.59× | ||
| Q1 25 | 0.98× | 1.17× | ||
| Q4 24 | 1.56× | 4.89× | ||
| 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.
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
