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Side-by-side financial comparison of BALCHEM CORP (BCPC) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $270.7M, roughly 1.2× BALCHEM CORP). TIDEWATER INC runs the higher net margin — 65.3% vs 14.9%, a 50.4% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (8.1% vs -2.4%). TIDEWATER INC produced more free cash flow last quarter ($147.8M 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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
BCPC vs TDW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $336.8M |
| Net Profit | $40.3M | $219.9M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | 19.0% |
| Net Margin | 14.9% | 65.3% |
| Revenue YoY | 8.1% | -2.4% |
| Net Profit YoY | 8.7% | 495.8% |
| EPS (diluted) | $1.25 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $267.6M | $341.1M | ||
| Q2 25 | $255.5M | $341.4M | ||
| Q1 25 | $250.5M | $333.4M | ||
| Q4 24 | $240.0M | $345.1M | ||
| Q3 24 | $239.9M | $340.4M | ||
| Q2 24 | $234.1M | $339.2M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $219.9M | ||
| Q3 25 | $40.3M | $-806.0K | ||
| Q2 25 | $38.3M | $72.9M | ||
| Q1 25 | $37.1M | $42.7M | ||
| Q4 24 | $33.6M | $36.9M | ||
| Q3 24 | $33.8M | $46.4M | ||
| Q2 24 | $32.1M | $50.4M |
| 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% | 19.0% | ||
| Q3 25 | 20.4% | 18.4% | ||
| Q2 25 | 20.1% | 23.7% | ||
| Q1 25 | 20.4% | 22.5% | ||
| Q4 24 | 19.8% | 23.6% | ||
| Q3 24 | 20.0% | 20.6% | ||
| Q2 24 | 19.6% | 23.0% |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 65.3% | ||
| Q3 25 | 15.1% | -0.2% | ||
| Q2 25 | 15.0% | 21.4% | ||
| Q1 25 | 14.8% | 12.8% | ||
| Q4 24 | 14.0% | 10.7% | ||
| Q3 24 | 14.1% | 13.6% | ||
| Q2 24 | 13.7% | 14.8% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $4.37 | ||
| Q3 25 | $1.24 | $-0.02 | ||
| Q2 25 | $1.17 | $1.46 | ||
| Q1 25 | $1.13 | $0.83 | ||
| Q4 24 | $1.03 | $0.70 | ||
| Q3 24 | $1.03 | $0.87 | ||
| Q2 24 | $0.98 | $0.94 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $1.3B | $1.4B |
| Total Assets | $1.7B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $578.8M | ||
| Q3 25 | $65.1M | $428.2M | ||
| Q2 25 | $65.4M | $369.4M | ||
| Q1 25 | $49.9M | $341.8M | ||
| Q4 24 | $49.5M | $324.9M | ||
| Q3 24 | $73.7M | $280.8M | ||
| Q2 24 | $63.7M | $315.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $670.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.6B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | $33.8M | $147.8M |
| FCF MarginFCF / Revenue | 12.5% | 43.9% |
| Capex IntensityCapex / Revenue | 2.3% | 1.5% |
| Cash ConversionOCF / Net Profit | 0.99× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $153.0M | ||
| Q3 25 | $65.6M | $54.7M | ||
| Q2 25 | $47.3M | $85.4M | ||
| Q1 25 | $36.5M | $86.0M | ||
| Q4 24 | $52.3M | $100.0M | ||
| Q3 24 | $51.3M | $49.0M | ||
| Q2 24 | $45.0M | $78.6M |
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M |
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 0.70× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | 1.17× | ||
| Q1 25 | 0.98× | 2.02× | ||
| Q4 24 | 1.56× | 2.71× | ||
| Q3 24 | 1.52× | 1.06× | ||
| Q2 24 | 1.40× | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
