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Side-by-side financial comparison of BALCHEM CORP (BCPC) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). BALCHEM CORP runs the higher net margin — 14.9% vs 12.2%, a 2.6% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -1.6%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M vs $33.8M). Over the past eight quarters, BALCHEM CORP's revenue compounded faster (7.5% CAGR vs -2.4%).
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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
BCPC vs NSA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $187.0M |
| Net Profit | $40.3M | $22.9M |
| Gross Margin | — | 72.5% |
| Operating Margin | 20.5% | 20.2% |
| Net Margin | 14.9% | 12.2% |
| Revenue YoY | 8.1% | -1.6% |
| Net Profit YoY | 8.7% | 36.8% |
| EPS (diluted) | $1.25 | $0.23 |
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 | $187.0M | ||
| Q3 25 | $267.6M | $188.7M | ||
| Q2 25 | $255.5M | $188.8M | ||
| Q1 25 | $250.5M | $188.4M | ||
| Q4 24 | $240.0M | $190.1M | ||
| Q3 24 | $239.9M | $193.6M | ||
| Q2 24 | $234.1M | $190.4M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $22.9M | ||
| Q3 25 | $40.3M | $18.4M | ||
| Q2 25 | $38.3M | $19.5M | ||
| Q1 25 | $37.1M | $13.0M | ||
| Q4 24 | $33.6M | $16.7M | ||
| Q3 24 | $33.8M | $18.7M | ||
| Q2 24 | $32.1M | $17.1M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 72.5% | ||
| Q3 25 | 35.7% | 70.7% | ||
| Q2 25 | 36.4% | 70.5% | ||
| Q1 25 | 35.2% | 70.7% | ||
| Q4 24 | 36.0% | 72.5% | ||
| Q3 24 | 35.6% | 72.8% | ||
| Q2 24 | 35.5% | 72.6% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 20.2% | ||
| Q3 25 | 20.4% | 15.8% | ||
| Q2 25 | 20.1% | 16.5% | ||
| Q1 25 | 20.4% | 11.0% | ||
| Q4 24 | 19.8% | 14.5% | ||
| Q3 24 | 20.0% | 15.8% | ||
| Q2 24 | 19.6% | 17.2% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 12.2% | ||
| Q3 25 | 15.1% | 9.8% | ||
| Q2 25 | 15.0% | 10.3% | ||
| Q1 25 | 14.8% | 6.9% | ||
| Q4 24 | 14.0% | 8.8% | ||
| Q3 24 | 14.1% | 9.7% | ||
| Q2 24 | 13.7% | 9.0% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.23 | ||
| Q3 25 | $1.24 | $0.17 | ||
| Q2 25 | $1.17 | $0.19 | ||
| Q1 25 | $1.13 | $0.10 | ||
| Q4 24 | $1.03 | $0.19 | ||
| Q3 24 | $1.03 | $0.18 | ||
| Q2 24 | $0.98 | $0.16 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $946.0M |
| Total Assets | $1.7B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $23.3M | ||
| Q3 25 | $65.1M | $26.3M | ||
| Q2 25 | $65.4M | $26.1M | ||
| Q1 25 | $49.9M | $19.3M | ||
| Q4 24 | $49.5M | $50.4M | ||
| Q3 24 | $73.7M | $69.9M | ||
| Q2 24 | $63.7M | $59.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $946.0M | ||
| Q3 25 | $1.3B | $973.1M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.2B | $986.9M | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $5.1B | ||
| Q3 25 | $1.7B | $5.1B | ||
| Q2 25 | $1.7B | $5.2B | ||
| Q1 25 | $1.6B | $5.3B | ||
| Q4 24 | $1.6B | $5.4B | ||
| Q3 24 | $1.6B | $5.4B | ||
| Q2 24 | $1.6B | $5.3B |
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 | $338.5M |
| Free Cash FlowOCF − Capex | $33.8M | $299.8M |
| FCF MarginFCF / Revenue | 12.5% | 160.3% |
| Capex IntensityCapex / Revenue | 2.3% | 20.7% |
| Cash ConversionOCF / Net Profit | 0.99× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | — | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $338.5M | ||
| Q3 25 | $65.6M | $100.2M | ||
| Q2 25 | $47.3M | $79.9M | ||
| Q1 25 | $36.5M | $85.6M | ||
| Q4 24 | $52.3M | $363.1M | ||
| Q3 24 | $51.3M | $105.7M | ||
| Q2 24 | $45.0M | $83.2M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $299.8M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $79.9M | ||
| Q4 24 | — | $344.4M | ||
| Q3 24 | — | $101.8M | ||
| Q2 24 | — | $79.5M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 160.3% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | 42.4% | ||
| Q4 24 | — | 181.2% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 41.7% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 14.79× | ||
| Q3 25 | 1.63× | 5.44× | ||
| Q2 25 | 1.23× | 4.10× | ||
| Q1 25 | 0.98× | 6.59× | ||
| Q4 24 | 1.56× | 21.70× | ||
| Q3 24 | 1.52× | 5.65× | ||
| Q2 24 | 1.40× | 4.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
