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BALCHEM CORP（BCPC）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
南玻集团的季度营收约是BALCHEM CORP的1.2倍（$323.1M vs $270.7M），BALCHEM CORP净利率更高（14.9% vs 2.2%，领先12.7%），BALCHEM CORP同比增速更快（8.1% vs 2.0%），南玻集团自由现金流更多（$55.8M vs $33.8M），过去两年BALCHEM CORP的营收复合增速更高（7.5% vs 4.6%）
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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
BCPC vs CSGS — 直观对比
营收规模更大
CSGS
是对方的1.2倍
$270.7M
营收增速更快
BCPC
高出6.0%
2.0%
净利率更高
BCPC
高出12.7%
2.2%
自由现金流更多
CSGS
多$22.0M
$33.8M
两年增速更快
BCPC
近两年复合增速
4.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $323.1M |
| 净利润 | $40.3M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | 20.5% | 9.0% |
| 净利率 | 14.9% | 2.2% |
| 营收同比 | 8.1% | 2.0% |
| 净利润同比 | 8.7% | -79.7% |
| 每股收益（稀释后） | $1.25 | $0.24 |
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BCPCCSGS
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $323.1M | ||
| Q3 25 | $267.6M | $303.6M | ||
| Q2 25 | $255.5M | $297.1M | ||
| Q1 25 | $250.5M | $299.5M | ||
| Q4 24 | $240.0M | $316.7M | ||
| Q3 24 | $239.9M | $295.1M | ||
| Q2 24 | $234.1M | $290.3M |
净利润BCPCCSGS
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $7.0M | ||
| Q3 25 | $40.3M | $20.5M | ||
| Q2 25 | $38.3M | $12.3M | ||
| Q1 25 | $37.1M | $16.1M | ||
| Q4 24 | $33.6M | $34.5M | ||
| Q3 24 | $33.8M | $19.1M | ||
| Q2 24 | $32.1M | $13.8M |
毛利率BCPCCSGS
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 50.0% | ||
| Q3 25 | 35.7% | 48.1% | ||
| Q2 25 | 36.4% | 49.5% | ||
| Q1 25 | 35.2% | 48.4% | ||
| Q4 24 | 36.0% | 51.3% | ||
| Q3 24 | 35.6% | 49.4% | ||
| Q2 24 | 35.5% | 47.3% |
营业利润率BCPCCSGS
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 9.0% | ||
| Q3 25 | 20.4% | 10.0% | ||
| Q2 25 | 20.1% | 10.0% | ||
| Q1 25 | 20.4% | 9.8% | ||
| Q4 24 | 19.8% | 13.4% | ||
| Q3 24 | 20.0% | 10.8% | ||
| Q2 24 | 19.6% | 8.8% |
净利率BCPCCSGS
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 2.2% | ||
| Q3 25 | 15.1% | 6.7% | ||
| Q2 25 | 15.0% | 4.1% | ||
| Q1 25 | 14.8% | 5.4% | ||
| Q4 24 | 14.0% | 10.9% | ||
| Q3 24 | 14.1% | 6.5% | ||
| Q2 24 | 13.7% | 4.8% |
每股收益（稀释后）BCPCCSGS
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.24 | ||
| Q3 25 | $1.24 | $0.73 | ||
| Q2 25 | $1.17 | $0.44 | ||
| Q1 25 | $1.13 | $0.57 | ||
| Q4 24 | $1.03 | $1.20 | ||
| Q3 24 | $1.03 | $0.67 | ||
| Q2 24 | $0.98 | $0.48 |
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 | $180.0M |
| 总债务越低越好 | — | $539.5M |
| 股东权益账面价值 | $1.3B | $283.7M |
| 总资产 | $1.7B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资BCPCCSGS
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $180.0M | ||
| Q3 25 | $65.1M | $158.4M | ||
| Q2 25 | $65.4M | $145.9M | ||
| Q1 25 | $49.9M | $136.0M | ||
| Q4 24 | $49.5M | $161.8M | ||
| Q3 24 | $73.7M | $118.4M | ||
| Q2 24 | $63.7M | $110.4M |
总债务BCPCCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | $539.5M | ||
| Q3 25 | — | $538.6M | ||
| Q2 25 | — | $537.8M | ||
| Q1 25 | — | $537.6M | ||
| Q4 24 | — | $538.5M | ||
| Q3 24 | — | $539.5M | ||
| Q2 24 | — | $540.5M |
股东权益BCPCCSGS
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $283.7M | ||
| Q3 25 | $1.3B | $289.5M | ||
| Q2 25 | $1.3B | $290.7M | ||
| Q1 25 | $1.2B | $283.1M | ||
| Q4 24 | $1.1B | $282.6M | ||
| Q3 24 | $1.2B | $288.4M | ||
| Q2 24 | $1.1B | $273.3M |
总资产BCPCCSGS
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B |
负债/权益比BCPCCSGS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.86× | ||
| Q2 25 | — | 1.85× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | — | 1.91× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.98× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $55.8M |
| 自由现金流率自由现金流/营收 | 12.5% | 17.3% |
| 资本支出强度资本支出/营收 | 2.3% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.99× | 8.46× |
| 过去12个月自由现金流最近4个季度 | — | $141.4M |
8季度趋势，按日历期对齐
经营现金流BCPCCSGS
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $59.2M | ||
| Q3 25 | $65.6M | $47.9M | ||
| Q2 25 | $47.3M | $37.3M | ||
| Q1 25 | $36.5M | $11.5M | ||
| Q4 24 | $52.3M | $82.5M | ||
| Q3 24 | $51.3M | $39.5M | ||
| Q2 24 | $45.0M | $43.1M |
自由现金流BCPCCSGS
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $55.8M | ||
| Q3 25 | — | $43.9M | ||
| Q2 25 | — | $34.6M | ||
| Q1 25 | — | $7.1M | ||
| Q4 24 | — | $76.6M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $38.8M |
自由现金流率BCPCCSGS
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 13.4% |
资本支出强度BCPCCSGS
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 1.5% |
现金转化率BCPCCSGS
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 8.46× | ||
| Q3 25 | 1.63× | 2.34× | ||
| Q2 25 | 1.23× | 3.04× | ||
| Q1 25 | 0.98× | 0.71× | ||
| Q4 24 | 1.56× | 2.39× | ||
| Q3 24 | 1.52× | 2.07× | ||
| Q2 24 | 1.40× | 3.12× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BCPC
暂无分部数据
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
