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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
BALCHEM CORP is the larger business by last-quarter revenue ($270.7M vs $137.5M, roughly 2.0× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 14.9%, a 100.2% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs 8.1%). Over the past eight quarters, Terreno Realty Corp's revenue compounded faster (27.2% 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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
BCPC vs TRNO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.7M | $137.5M |
| Net Profit | $40.3M | $158.2M |
| Gross Margin | — | — |
| Operating Margin | 20.5% | — |
| Net Margin | 14.9% | 115.1% |
| Revenue YoY | 8.1% | 32.6% |
| Net Profit YoY | 8.7% | 107.9% |
| EPS (diluted) | $1.25 | $1.54 |
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 | $137.5M | ||
| Q3 25 | $267.6M | $116.2M | ||
| Q2 25 | $255.5M | $112.2M | ||
| Q1 25 | $250.5M | $110.4M | ||
| Q4 24 | $240.0M | $103.7M | ||
| Q3 24 | $239.9M | $99.6M | ||
| Q2 24 | $234.1M | $94.2M |
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $158.2M | ||
| Q3 25 | $40.3M | $103.4M | ||
| Q2 25 | $38.3M | $93.3M | ||
| Q1 25 | $37.1M | $48.1M | ||
| Q4 24 | $33.6M | $76.1M | ||
| Q3 24 | $33.8M | $36.6M | ||
| Q2 24 | $32.1M | $35.7M |
| 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% | — | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 19.6% | — |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 115.1% | ||
| Q3 25 | 15.1% | 88.9% | ||
| Q2 25 | 15.0% | 83.1% | ||
| Q1 25 | 14.8% | 43.6% | ||
| Q4 24 | 14.0% | 73.4% | ||
| Q3 24 | 14.1% | 36.8% | ||
| Q2 24 | 13.7% | 37.9% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $1.54 | ||
| Q3 25 | $1.24 | $1.00 | ||
| Q2 25 | $1.17 | $0.90 | ||
| Q1 25 | $1.13 | $0.47 | ||
| Q4 24 | $1.03 | $0.78 | ||
| Q3 24 | $1.03 | $0.37 | ||
| Q2 24 | $0.98 | $0.37 |
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 | $25.0M |
| Total DebtLower is stronger | — | $943.3M |
| Stockholders' EquityBook value | $1.3B | $4.1B |
| Total Assets | $1.7B | $5.4B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $25.0M | ||
| Q3 25 | $65.1M | $26.2M | ||
| Q2 25 | $65.4M | $128.4M | ||
| Q1 25 | $49.9M | $156.5M | ||
| Q4 24 | $49.5M | $18.1M | ||
| Q3 24 | $73.7M | $243.7M | ||
| Q2 24 | $63.7M | $182.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $742.4M | ||
| Q1 25 | — | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | — | $772.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $4.1B | ||
| Q3 25 | $1.3B | $4.0B | ||
| Q2 25 | $1.3B | $3.9B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $1.2B | $3.6B | ||
| Q2 24 | $1.1B | $3.4B |
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $5.4B | ||
| Q3 25 | $1.7B | $5.3B | ||
| Q2 25 | $1.7B | $5.0B | ||
| Q1 25 | $1.6B | $4.9B | ||
| Q4 24 | $1.6B | $4.8B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.6B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $33.8M | — |
| FCF MarginFCF / Revenue | 12.5% | — |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 0.99× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $271.9M | ||
| Q3 25 | $65.6M | $79.5M | ||
| Q2 25 | $47.3M | $60.6M | ||
| Q1 25 | $36.5M | $61.4M | ||
| Q4 24 | $52.3M | $232.7M | ||
| Q3 24 | $51.3M | $70.0M | ||
| Q2 24 | $45.0M | $64.3M |
| 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× | 1.72× | ||
| Q3 25 | 1.63× | 0.77× | ||
| Q2 25 | 1.23× | 0.65× | ||
| Q1 25 | 0.98× | 1.28× | ||
| Q4 24 | 1.56× | 3.06× | ||
| Q3 24 | 1.52× | 1.91× | ||
| Q2 24 | 1.40× | 1.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BCPC
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
