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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $140.7M, roughly 1.9× Purple Innovation, Inc.). BALCHEM CORP runs the higher net margin — 14.9% vs -2.3%, a 17.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 8.1%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BCPC vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $140.7M |
| Net Profit | $40.3M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 20.5% | -1.6% |
| Net Margin | 14.9% | -2.3% |
| Revenue YoY | 8.1% | 9.1% |
| Net Profit YoY | 8.7% | 62.1% |
| EPS (diluted) | $1.25 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $267.6M | $118.8M | ||
| Q2 25 | $255.5M | $105.1M | ||
| Q1 25 | $250.5M | $104.2M | ||
| Q4 24 | $240.0M | $129.0M | ||
| Q3 24 | $239.9M | $118.6M | ||
| Q2 24 | $234.1M | $120.3M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-3.2M | ||
| Q3 25 | $40.3M | $-11.7M | ||
| Q2 25 | $38.3M | $-17.3M | ||
| Q1 25 | $37.1M | $-19.1M | ||
| Q4 24 | $33.6M | $-8.5M | ||
| Q3 24 | $33.8M | $-39.2M | ||
| Q2 24 | $32.1M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 41.9% | ||
| Q3 25 | 35.7% | 42.8% | ||
| Q2 25 | 36.4% | 35.9% | ||
| Q1 25 | 35.2% | 39.4% | ||
| Q4 24 | 36.0% | 42.9% | ||
| Q3 24 | 35.6% | 29.7% | ||
| Q2 24 | 35.5% | 40.7% |
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | -1.6% | ||
| Q3 25 | 20.4% | -10.2% | ||
| Q2 25 | 20.1% | -13.5% | ||
| Q1 25 | 20.4% | -13.9% | ||
| Q4 24 | 19.8% | -6.0% | ||
| Q3 24 | 20.0% | -39.5% | ||
| Q2 24 | 19.6% | -12.1% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -2.3% | ||
| Q3 25 | 15.1% | -9.9% | ||
| Q2 25 | 15.0% | -16.5% | ||
| Q1 25 | 14.8% | -18.4% | ||
| Q4 24 | 14.0% | -6.6% | ||
| Q3 24 | 14.1% | -33.1% | ||
| Q2 24 | 13.7% | 0.0% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.03 | ||
| Q3 25 | $1.24 | $0.11 | ||
| Q2 25 | $1.17 | $0.16 | ||
| Q1 25 | $1.13 | $0.18 | ||
| Q4 24 | $1.03 | $0.08 | ||
| Q3 24 | $1.03 | $0.36 | ||
| Q2 24 | $0.98 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $1.3B | $-29.7M |
| Total Assets | $1.7B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $24.3M | ||
| Q3 25 | $65.1M | $32.4M | ||
| Q2 25 | $65.4M | $34.2M | ||
| Q1 25 | $49.9M | $21.6M | ||
| Q4 24 | $49.5M | $29.0M | ||
| Q3 24 | $73.7M | $23.4M | ||
| Q2 24 | $63.7M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $-29.7M | ||
| Q3 25 | $1.3B | $-26.9M | ||
| Q2 25 | $1.3B | $-15.6M | ||
| Q1 25 | $1.2B | $1.3M | ||
| Q4 24 | $1.1B | $20.2M | ||
| Q3 24 | $1.2B | $28.0M | ||
| Q2 24 | $1.1B | $66.4M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $296.3M | ||
| Q3 25 | $1.7B | $302.1M | ||
| Q2 25 | $1.7B | $303.8M | ||
| Q1 25 | $1.6B | $293.8M | ||
| Q4 24 | $1.6B | $307.8M | ||
| Q3 24 | $1.6B | $309.3M | ||
| Q2 24 | $1.6B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $33.8M | $-7.8M |
| FCF MarginFCF / Revenue | 12.5% | -5.5% |
| Capex IntensityCapex / Revenue | 2.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $-5.8M | ||
| Q3 25 | $65.6M | $-968.0K | ||
| Q2 25 | $47.3M | $-4.0M | ||
| Q1 25 | $36.5M | $-23.1M | ||
| Q4 24 | $52.3M | $6.8M | ||
| Q3 24 | $51.3M | $1.1M | ||
| Q2 24 | $45.0M | $-8.9M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | -330.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
