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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $183.9M, roughly 1.5× Pangaea Logistics Solutions Ltd.). BALCHEM CORP runs the higher net margin — 14.9% vs 6.5%, a 8.4% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 8.1%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% 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.
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
BCPC vs PANL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $183.9M |
| Net Profit | $40.3M | $11.9M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 9.5% |
| Net Margin | 14.9% | 6.5% |
| Revenue YoY | 8.1% | 24.9% |
| Net Profit YoY | 8.7% | 40.9% |
| EPS (diluted) | $1.25 | $0.18 |
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 | $183.9M | ||
| Q3 25 | $267.6M | $168.7M | ||
| Q2 25 | $255.5M | $156.7M | ||
| Q1 25 | $250.5M | $122.8M | ||
| Q4 24 | $240.0M | $147.2M | ||
| Q3 24 | $239.9M | $153.1M | ||
| Q2 24 | $234.1M | $131.5M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $11.9M | ||
| Q3 25 | $40.3M | $12.2M | ||
| Q2 25 | $38.3M | $-2.7M | ||
| Q1 25 | $37.1M | $-2.0M | ||
| Q4 24 | $33.6M | $8.4M | ||
| Q3 24 | $33.8M | $5.1M | ||
| Q2 24 | $32.1M | $3.7M |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | — | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 36.4% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.0% | — | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 35.5% | — |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 9.5% | ||
| Q3 25 | 20.4% | 10.0% | ||
| Q2 25 | 20.1% | 2.3% | ||
| Q1 25 | 20.4% | 2.4% | ||
| Q4 24 | 19.8% | 10.1% | ||
| Q3 24 | 20.0% | 9.8% | ||
| Q2 24 | 19.6% | 5.8% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 6.5% | ||
| Q3 25 | 15.1% | 7.2% | ||
| Q2 25 | 15.0% | -1.8% | ||
| Q1 25 | 14.8% | -1.6% | ||
| Q4 24 | 14.0% | 5.7% | ||
| Q3 24 | 14.1% | 3.3% | ||
| Q2 24 | 13.7% | 2.8% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.18 | ||
| Q3 25 | $1.24 | $0.19 | ||
| Q2 25 | $1.17 | $-0.04 | ||
| Q1 25 | $1.13 | $-0.03 | ||
| Q4 24 | $1.03 | $0.19 | ||
| Q3 24 | $1.03 | $0.11 | ||
| Q2 24 | $0.98 | $0.08 |
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 | $103.1M |
| Total DebtLower is stronger | — | $249.6M |
| Stockholders' EquityBook value | $1.3B | $429.3M |
| Total Assets | $1.7B | $928.1M |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $103.1M | ||
| Q3 25 | $65.1M | $94.0M | ||
| Q2 25 | $65.4M | $59.3M | ||
| Q1 25 | $49.9M | $63.9M | ||
| Q4 24 | $49.5M | $86.8M | ||
| Q3 24 | $73.7M | $93.1M | ||
| Q2 24 | $63.7M | $77.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $249.6M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $244.7M | ||
| Q1 25 | — | $251.0M | ||
| Q4 24 | — | $257.2M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | — | $90.5M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $429.3M | ||
| Q3 25 | $1.3B | $420.3M | ||
| Q2 25 | $1.3B | $414.4M | ||
| Q1 25 | $1.2B | $420.8M | ||
| Q4 24 | $1.1B | $427.8M | ||
| Q3 24 | $1.2B | $332.6M | ||
| Q2 24 | $1.1B | $331.5M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $928.1M | ||
| Q3 25 | $1.7B | $932.1M | ||
| Q2 25 | $1.7B | $916.0M | ||
| Q1 25 | $1.6B | $918.0M | ||
| Q4 24 | $1.6B | $936.5M | ||
| Q3 24 | $1.6B | $749.2M | ||
| Q2 24 | $1.6B | $692.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.27× |
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 | $15.1M |
| Free Cash FlowOCF − Capex | $33.8M | — |
| FCF MarginFCF / Revenue | 12.5% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 0.99× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $15.1M | ||
| Q3 25 | $65.6M | $28.6M | ||
| Q2 25 | $47.3M | $14.4M | ||
| Q1 25 | $36.5M | $-4.4M | ||
| Q4 24 | $52.3M | $19.3M | ||
| Q3 24 | $51.3M | $28.5M | ||
| Q2 24 | $45.0M | $9.0M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 1.27× | ||
| Q3 25 | 1.63× | 2.34× | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | 2.29× | ||
| Q3 24 | 1.52× | 5.57× | ||
| Q2 24 | 1.40× | 2.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
