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Side-by-side financial comparison of BALCHEM CORP (BCPC) and Wingstop Inc. (WING). Click either name above to swap in a different company.

BALCHEM CORP is the larger business by last-quarter revenue ($263.6M vs $183.7M, roughly 1.4× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 14.9%, a 1.4% gap on every dollar of revenue. On growth, BALCHEM CORP posted the faster year-over-year revenue change (9.8% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 4.9%).

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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

BCPC vs WING — Head-to-Head

Bigger by revenue
BCPC
BCPC
1.4× larger
BCPC
$263.6M
$183.7M
WING
Growing faster (revenue YoY)
BCPC
BCPC
+2.5% gap
BCPC
9.8%
7.4%
WING
Higher net margin
WING
WING
1.4% more per $
WING
16.3%
14.9%
BCPC
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
4.9%
BCPC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCPC
BCPC
WING
WING
Revenue
$263.6M
$183.7M
Net Profit
$39.2M
$29.9M
Gross Margin
35.6%
86.5%
Operating Margin
19.8%
27.4%
Net Margin
14.9%
16.3%
Revenue YoY
9.8%
7.4%
Net Profit YoY
16.8%
-67.6%
EPS (diluted)
$1.21
$1.08

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.

Revenue
BCPC
BCPC
WING
WING
Q1 26
$183.7M
Q4 25
$263.6M
$175.7M
Q3 25
$267.6M
$175.7M
Q2 25
$255.5M
$174.3M
Q1 25
$250.5M
$171.1M
Q4 24
$240.0M
$161.8M
Q3 24
$239.9M
$162.5M
Q2 24
$234.1M
$155.7M
Net Profit
BCPC
BCPC
WING
WING
Q1 26
$29.9M
Q4 25
$39.2M
$26.8M
Q3 25
$40.3M
$28.5M
Q2 25
$38.3M
$26.8M
Q1 25
$37.1M
$92.3M
Q4 24
$33.6M
$26.8M
Q3 24
$33.8M
$25.7M
Q2 24
$32.1M
$27.5M
Gross Margin
BCPC
BCPC
WING
WING
Q1 26
86.5%
Q4 25
35.6%
Q3 25
35.7%
Q2 25
36.4%
Q1 25
35.2%
Q4 24
36.0%
85.6%
Q3 24
35.6%
85.0%
Q2 24
35.5%
85.4%
Operating Margin
BCPC
BCPC
WING
WING
Q1 26
27.4%
Q4 25
19.8%
26.7%
Q3 25
20.4%
27.9%
Q2 25
20.1%
25.9%
Q1 25
20.4%
22.4%
Q4 24
19.8%
25.9%
Q3 24
20.0%
24.5%
Q2 24
19.6%
26.5%
Net Margin
BCPC
BCPC
WING
WING
Q1 26
16.3%
Q4 25
14.9%
15.2%
Q3 25
15.1%
16.2%
Q2 25
15.0%
15.4%
Q1 25
14.8%
53.9%
Q4 24
14.0%
16.5%
Q3 24
14.1%
15.8%
Q2 24
13.7%
17.7%
EPS (diluted)
BCPC
BCPC
WING
WING
Q1 26
$1.08
Q4 25
$1.21
$0.99
Q3 25
$1.24
$1.02
Q2 25
$1.17
$0.96
Q1 25
$1.13
$3.24
Q4 24
$1.03
$0.91
Q3 24
$1.03
$0.88
Q2 24
$0.98
$0.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCPC
BCPC
WING
WING
Cash + ST InvestmentsLiquidity on hand
$74.6M
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
Total Assets
$1.7B
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCPC
BCPC
WING
WING
Q1 26
$128.8M
Q4 25
$74.6M
$196.6M
Q3 25
$65.1M
$237.6M
Q2 25
$65.4M
$227.9M
Q1 25
$49.9M
$251.4M
Q4 24
$49.5M
$315.9M
Q3 24
$73.7M
$84.0M
Q2 24
$63.7M
$96.7M
Total Debt
BCPC
BCPC
WING
WING
Q1 26
Q4 25
$1.2B
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
BCPC
BCPC
WING
WING
Q1 26
Q4 25
$1.3B
$-736.8M
Q3 25
$1.3B
$-702.6M
Q2 25
$1.3B
$-686.0M
Q1 25
$1.2B
$-715.0M
Q4 24
$1.1B
$-675.6M
Q3 24
$1.2B
$-447.5M
Q2 24
$1.1B
$-437.5M
Total Assets
BCPC
BCPC
WING
WING
Q1 26
$648.9M
Q4 25
$1.7B
$693.4M
Q3 25
$1.7B
$721.0M
Q2 25
$1.7B
$708.3M
Q1 25
$1.6B
$696.8M
Q4 24
$1.6B
$716.2M
Q3 24
$1.6B
$484.8M
Q2 24
$1.6B
$451.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCPC
BCPC
WING
WING
Operating Cash FlowLast quarter
$67.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCPC
BCPC
WING
WING
Q1 26
Q4 25
$67.3M
$57.3M
Q3 25
$65.6M
$63.9M
Q2 25
$47.3M
$6.6M
Q1 25
$36.5M
$25.3M
Q4 24
$52.3M
$7.7M
Q3 24
$51.3M
$69.0M
Q2 24
$45.0M
$36.2M
Free Cash Flow
BCPC
BCPC
WING
WING
Q1 26
Q4 25
$34.5M
Q3 25
$61.7M
Q2 25
$-7.8M
Q1 25
$17.3M
Q4 24
$-8.6M
Q3 24
$54.9M
Q2 24
$25.9M
FCF Margin
BCPC
BCPC
WING
WING
Q1 26
Q4 25
19.6%
Q3 25
35.1%
Q2 25
-4.5%
Q1 25
10.1%
Q4 24
-5.3%
Q3 24
33.8%
Q2 24
16.6%
Capex Intensity
BCPC
BCPC
WING
WING
Q1 26
Q4 25
13.0%
Q3 25
1.3%
Q2 25
8.2%
Q1 25
4.7%
Q4 24
10.1%
Q3 24
8.7%
Q2 24
6.6%
Cash Conversion
BCPC
BCPC
WING
WING
Q1 26
Q4 25
1.72×
2.14×
Q3 25
1.63×
2.24×
Q2 25
1.23×
0.25×
Q1 25
0.98×
0.27×
Q4 24
1.56×
0.29×
Q3 24
1.52×
2.68×
Q2 24
1.40×
1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BCPC
BCPC

Human Nutrition And Health$166.1M63%
Animal Nutrition And Health$61.2M23%
Specialty Products$34.8M13%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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