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Side-by-side financial comparison of BALCHEM CORP (BCPC) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $207.0M, roughly 1.3× ONE Group Hospitality, Inc.). BALCHEM CORP runs the higher net margin — 14.9% vs -3.1%, a 18.0% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -6.7%). BALCHEM CORP produced more free cash flow last quarter ($33.8M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
BCPC vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $207.0M |
| Net Profit | $40.3M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 2.2% |
| Net Margin | 14.9% | -3.1% |
| Revenue YoY | 8.1% | -6.7% |
| Net Profit YoY | 8.7% | -531.8% |
| EPS (diluted) | $1.25 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $267.6M | $180.2M | ||
| Q2 25 | $255.5M | $207.4M | ||
| Q1 25 | $250.5M | $211.1M | ||
| Q4 24 | $240.0M | $221.9M | ||
| Q3 24 | $239.9M | $194.0M | ||
| Q2 24 | $234.1M | $172.5M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-6.4M | ||
| Q3 25 | $40.3M | $-76.7M | ||
| Q2 25 | $38.3M | $-10.1M | ||
| Q1 25 | $37.1M | $975.0K | ||
| Q4 24 | $33.6M | $1.5M | ||
| Q3 24 | $33.8M | $-9.3M | ||
| Q2 24 | $32.1M | $-7.3M |
| 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% | 2.2% | ||
| Q3 25 | 20.4% | -4.4% | ||
| Q2 25 | 20.1% | 0.3% | ||
| Q1 25 | 20.4% | 5.1% | ||
| Q4 24 | 19.8% | 5.5% | ||
| Q3 24 | 20.0% | -1.9% | ||
| Q2 24 | 19.6% | 0.6% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -3.1% | ||
| Q3 25 | 15.1% | -42.6% | ||
| Q2 25 | 15.0% | -4.9% | ||
| Q1 25 | 14.8% | 0.5% | ||
| Q4 24 | 14.0% | 0.7% | ||
| Q3 24 | 14.1% | -4.8% | ||
| Q2 24 | 13.7% | -4.3% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $-0.50 | ||
| Q3 25 | $1.24 | $-2.75 | ||
| Q2 25 | $1.17 | $-0.59 | ||
| Q1 25 | $1.13 | $-0.21 | ||
| Q4 24 | $1.03 | $-0.18 | ||
| Q3 24 | $1.03 | $-0.53 | ||
| Q2 24 | $0.98 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $1.3B | $-75.8M |
| Total Assets | $1.7B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $4.2M | ||
| Q3 25 | $65.1M | $5.5M | ||
| Q2 25 | $65.4M | $4.7M | ||
| Q1 25 | $49.9M | $21.4M | ||
| Q4 24 | $49.5M | $27.6M | ||
| Q3 24 | $73.7M | $28.2M | ||
| Q2 24 | $63.7M | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $-75.8M | ||
| Q3 25 | $1.3B | $-61.5M | ||
| Q2 25 | $1.3B | $23.0M | ||
| Q1 25 | $1.2B | $40.5M | ||
| Q4 24 | $1.1B | $45.9M | ||
| Q3 24 | $1.2B | $51.4M | ||
| Q2 24 | $1.1B | $68.1M |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $884.2M | ||
| Q3 25 | $1.7B | $879.5M | ||
| Q2 25 | $1.7B | $935.7M | ||
| Q1 25 | $1.6B | $956.0M | ||
| Q4 24 | $1.6B | $960.1M | ||
| Q3 24 | $1.6B | $953.5M | ||
| Q2 24 | $1.6B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $33.8M | $-329.0K |
| FCF MarginFCF / Revenue | 12.5% | -0.2% |
| Capex IntensityCapex / Revenue | 2.3% | 6.5% |
| Cash ConversionOCF / Net Profit | 0.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $13.1M | ||
| Q3 25 | $65.6M | $5.9M | ||
| Q2 25 | $47.3M | $2.8M | ||
| Q1 25 | $36.5M | $8.5M | ||
| Q4 24 | $52.3M | $18.5M | ||
| Q3 24 | $51.3M | $19.1M | ||
| Q2 24 | $45.0M | $-3.8M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | 8.76× | ||
| Q4 24 | 1.56× | 12.54× | ||
| 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.
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
