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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $270.7M, roughly 1.4× BALCHEM CORP). BALCHEM CORP runs the higher net margin — 14.9% vs 11.2%, a 3.7% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 8.1%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $33.8M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
BCPC vs SKWD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $385.6M |
| Net Profit | $40.3M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 14.2% |
| Net Margin | 14.9% | 11.2% |
| Revenue YoY | 8.1% | 26.7% |
| Net Profit YoY | 8.7% | 200.1% |
| EPS (diluted) | $1.25 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $267.6M | $382.5M | ||
| Q2 25 | $255.5M | $319.9M | ||
| Q1 25 | $250.5M | $328.5M | ||
| Q4 24 | $240.0M | $304.4M | ||
| Q3 24 | $239.9M | $300.9M | ||
| Q2 24 | $234.1M | $279.9M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $43.2M | ||
| Q3 25 | $40.3M | $45.9M | ||
| Q2 25 | $38.3M | $38.8M | ||
| Q1 25 | $37.1M | $42.1M | ||
| Q4 24 | $33.6M | $14.4M | ||
| Q3 24 | $33.8M | $36.7M | ||
| Q2 24 | $32.1M | $31.0M |
| 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% | 14.2% | ||
| Q3 25 | 20.4% | 15.8% | ||
| Q2 25 | 20.1% | 15.6% | ||
| Q1 25 | 20.4% | 15.7% | ||
| Q4 24 | 19.8% | 6.1% | ||
| Q3 24 | 20.0% | 15.6% | ||
| Q2 24 | 19.6% | 14.4% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 11.2% | ||
| Q3 25 | 15.1% | 12.0% | ||
| Q2 25 | 15.0% | 12.1% | ||
| Q1 25 | 14.8% | 12.8% | ||
| Q4 24 | 14.0% | 4.7% | ||
| Q3 24 | 14.1% | 12.2% | ||
| Q2 24 | 13.7% | 11.1% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $1.03 | ||
| Q3 25 | $1.24 | $1.10 | ||
| Q2 25 | $1.17 | $0.93 | ||
| Q1 25 | $1.13 | $1.01 | ||
| Q4 24 | $1.03 | $0.33 | ||
| Q3 24 | $1.03 | $0.89 | ||
| Q2 24 | $0.98 | $0.75 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $1.0B |
| Total Assets | $1.7B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $168.5M | ||
| Q3 25 | $65.1M | $160.1M | ||
| Q2 25 | $65.4M | $136.6M | ||
| Q1 25 | $49.9M | $112.9M | ||
| Q4 24 | $49.5M | $121.6M | ||
| Q3 24 | $73.7M | $105.6M | ||
| Q2 24 | $63.7M | $73.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $961.4M | ||
| Q2 25 | $1.3B | $899.9M | ||
| Q1 25 | $1.2B | $850.7M | ||
| Q4 24 | $1.1B | $794.0M | ||
| Q3 24 | $1.2B | $797.5M | ||
| Q2 24 | $1.1B | $723.6M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $4.8B | ||
| Q3 25 | $1.7B | $4.6B | ||
| Q2 25 | $1.7B | $4.3B | ||
| Q1 25 | $1.6B | $4.0B | ||
| Q4 24 | $1.6B | $3.7B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.6B | $3.4B |
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 | $408.1M |
| Free Cash FlowOCF − Capex | $33.8M | $402.6M |
| FCF MarginFCF / Revenue | 12.5% | 104.4% |
| Capex IntensityCapex / Revenue | 2.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 0.99× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $408.1M | ||
| Q3 25 | $65.6M | $171.4M | ||
| Q2 25 | $47.3M | $88.2M | ||
| Q1 25 | $36.5M | $96.8M | ||
| Q4 24 | $52.3M | $305.1M | ||
| Q3 24 | $51.3M | $168.0M | ||
| Q2 24 | $45.0M | $21.0M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 9.44× | ||
| Q3 25 | 1.63× | 3.73× | ||
| Q2 25 | 1.23× | 2.27× | ||
| Q1 25 | 0.98× | 2.30× | ||
| Q4 24 | 1.56× | 21.18× | ||
| Q3 24 | 1.52× | 4.58× | ||
| Q2 24 | 1.40× | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
