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BALCHEM CORP（BCPC）与COPT DEFENSE PROPERTIES（CDP）财务数据对比。点击上方公司名可切换其他公司
BALCHEM CORP的季度营收约是COPT DEFENSE PROPERTIES的1.4倍（$270.7M vs $197.4M），COPT DEFENSE PROPERTIES净利率更高（20.0% vs 14.9%，领先5.1%），BALCHEM CORP同比增速更快（8.1% vs 7.6%），COPT DEFENSE PROPERTIES自由现金流更多（$288.9M vs $33.8M），过去两年BALCHEM CORP的营收复合增速更高（7.5% vs 1.1%）
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
COPT Defense Properties是一家专业房地产投资信托基金，重点投资写字楼物业，资产主要布局于华盛顿大都会区的近郊区域，核心租户为美国政府及国防军工行业企业。截至2024年12月31日，公司旗下共持有164栋写字楼，总面积达1650万平方英尺，同时运营31个单租户数据中心，总面积590万平方英尺。
BCPC vs CDP — 直观对比
营收规模更大
BCPC
是对方的1.4倍
$197.4M
营收增速更快
BCPC
高出0.5%
7.6%
净利率更高
CDP
高出5.1%
14.9%
自由现金流更多
CDP
多$255.0M
$33.8M
两年增速更快
BCPC
近两年复合增速
1.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $197.4M |
| 净利润 | $40.3M | $39.4M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 19.9% |
| 净利率 | 14.9% | 20.0% |
| 营收同比 | 8.1% | 7.6% |
| 净利润同比 | 8.7% | 8.0% |
| 每股收益（稀释后） | $1.25 | $0.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BCPCCDP
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $197.4M | ||
| Q3 25 | $267.6M | $188.8M | ||
| Q2 25 | $255.5M | $189.9M | ||
| Q1 25 | $250.5M | $187.9M | ||
| Q4 24 | $240.0M | $183.4M | ||
| Q3 24 | $239.9M | $189.2M | ||
| Q2 24 | $234.1M | $187.3M |
净利润BCPCCDP
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $39.4M | ||
| Q3 25 | $40.3M | $43.7M | ||
| Q2 25 | $38.3M | $40.2M | ||
| Q1 25 | $37.1M | $36.2M | ||
| Q4 24 | $33.6M | $36.5M | ||
| Q3 24 | $33.8M | $37.4M | ||
| Q2 24 | $32.1M | $36.4M |
毛利率BCPCCDP
| 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% | — |
营业利润率BCPCCDP
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 19.9% | ||
| Q3 25 | 20.4% | 22.5% | ||
| Q2 25 | 20.1% | 21.0% | ||
| Q1 25 | 20.4% | 19.1% | ||
| Q4 24 | 19.8% | 19.7% | ||
| Q3 24 | 20.0% | 19.8% | ||
| Q2 24 | 19.6% | 19.4% |
净利率BCPCCDP
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 20.0% | ||
| Q3 25 | 15.1% | 23.2% | ||
| Q2 25 | 15.0% | 21.1% | ||
| Q1 25 | 14.8% | 19.3% | ||
| Q4 24 | 14.0% | 19.9% | ||
| Q3 24 | 14.1% | 19.8% | ||
| Q2 24 | 13.7% | 19.4% |
每股收益（稀释后）BCPCCDP
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.32 | ||
| Q3 25 | $1.24 | $0.37 | ||
| Q2 25 | $1.17 | $0.34 | ||
| Q1 25 | $1.13 | $0.31 | ||
| Q4 24 | $1.03 | $0.31 | ||
| Q3 24 | $1.03 | $0.32 | ||
| Q2 24 | $0.98 | $0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $72.9M | $275.0M |
| 总债务越低越好 | — | $2.8B |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | $1.7B | $4.7B |
| 负债/权益比越低杠杆越低 | — | 1.83× |
8季度趋势，按日历期对齐
现金及短期投资BCPCCDP
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $275.0M | ||
| Q3 25 | $65.1M | $23.7M | ||
| Q2 25 | $65.4M | $21.3M | ||
| Q1 25 | $49.9M | $24.3M | ||
| Q4 24 | $49.5M | $38.3M | ||
| Q3 24 | $73.7M | $34.5M | ||
| Q2 24 | $63.7M | $100.4M |
总债务BCPCCDP
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
股东权益BCPCCDP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B |
总资产BCPCCDP
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $4.7B | ||
| Q3 25 | $1.7B | $4.4B | ||
| Q2 25 | $1.7B | $4.3B | ||
| Q1 25 | $1.6B | $4.3B | ||
| Q4 24 | $1.6B | $4.3B | ||
| Q3 24 | $1.6B | $4.2B | ||
| Q2 24 | $1.6B | $4.2B |
负债/权益比BCPCCDP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.83× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | — | 1.62× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | — | 1.61× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $40.1M | $309.9M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $288.9M |
| 自由现金流率自由现金流/营收 | 12.5% | 146.4% |
| 资本支出强度资本支出/营收 | 2.3% | 10.7% |
| 现金转化率经营现金流/净利润 | 0.99× | 7.87× |
| 过去12个月自由现金流最近4个季度 | — | $501.5M |
8季度趋势，按日历期对齐
经营现金流BCPCCDP
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $309.9M | ||
| Q3 25 | $65.6M | $68.6M | ||
| Q2 25 | $47.3M | $87.9M | ||
| Q1 25 | $36.5M | $72.1M | ||
| Q4 24 | $52.3M | $331.0M | ||
| Q3 24 | $51.3M | $65.1M | ||
| Q2 24 | $45.0M | $93.8M |
自由现金流BCPCCDP
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $288.9M | ||
| Q3 25 | — | $62.9M | ||
| Q2 25 | — | $84.5M | ||
| Q1 25 | — | $65.1M | ||
| Q4 24 | — | $299.6M | ||
| Q3 24 | — | $61.0M | ||
| Q2 24 | — | $88.4M |
自由现金流率BCPCCDP
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 146.4% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 44.5% | ||
| Q1 25 | — | 34.7% | ||
| Q4 24 | — | 163.3% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 47.2% |
资本支出强度BCPCCDP
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 17.1% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.9% |
现金转化率BCPCCDP
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 7.87× | ||
| Q3 25 | 1.63× | 1.57× | ||
| Q2 25 | 1.23× | 2.19× | ||
| Q1 25 | 0.98× | 1.99× | ||
| Q4 24 | 1.56× | 9.08× | ||
| Q3 24 | 1.52× | 1.74× | ||
| Q2 24 | 1.40× | 2.58× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
