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BALCHEM CORP（BCPC）与CASELLA WASTE SYSTEMS INC（CWST）财务数据对比。点击上方公司名可切换其他公司
CASELLA WASTE SYSTEMS INC的季度营收约是BALCHEM CORP的2.1倍（$557.2M vs $270.7M），BALCHEM CORP净利率更高（14.9% vs -1.0%，领先15.9%），CASELLA WASTE SYSTEMS INC同比增速更快（9.6% vs 8.1%），BALCHEM CORP自由现金流更多（$33.8M vs $30.7M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（21.5% vs 7.5%）
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。
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
BCPC vs CWST — 直观对比
营收规模更大
CWST
是对方的2.1倍
$270.7M
营收增速更快
CWST
高出1.6%
8.1%
净利率更高
BCPC
高出15.9%
-1.0%
自由现金流更多
BCPC
多$3.2M
$30.7M
两年增速更快
CWST
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $557.2M |
| 净利润 | $40.3M | $-5.5M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | 0.9% |
| 净利率 | 14.9% | -1.0% |
| 营收同比 | 8.1% | 9.6% |
| 净利润同比 | 8.7% | -15.2% |
| 每股收益（稀释后） | $1.25 | $-0.09 |
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BCPCCWST
| Q1 26 | $270.7M | $557.2M | ||
| Q4 25 | $263.6M | $469.1M | ||
| Q3 25 | $267.6M | $485.4M | ||
| Q2 25 | $255.5M | $465.3M | ||
| Q1 25 | $250.5M | $417.1M | ||
| Q4 24 | $240.0M | $427.5M | ||
| Q3 24 | $239.9M | $411.6M | ||
| Q2 24 | $234.1M | $377.2M |
净利润BCPCCWST
| Q1 26 | $40.3M | $-5.5M | ||
| Q4 25 | $39.2M | $-2.5M | ||
| Q3 25 | $40.3M | $10.0M | ||
| Q2 25 | $38.3M | $5.2M | ||
| Q1 25 | $37.1M | $-4.8M | ||
| Q4 24 | $33.6M | $4.9M | ||
| Q3 24 | $33.8M | $5.8M | ||
| Q2 24 | $32.1M | $7.0M |
毛利率BCPCCWST
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 33.3% | ||
| Q3 25 | 35.7% | 35.0% | ||
| Q2 25 | 36.4% | 33.8% | ||
| Q1 25 | 35.2% | 32.8% | ||
| Q4 24 | 36.0% | 33.2% | ||
| Q3 24 | 35.6% | 35.1% | ||
| Q2 24 | 35.5% | 35.4% |
营业利润率BCPCCWST
| Q1 26 | 20.5% | 0.9% | ||
| Q4 25 | 19.8% | 2.5% | ||
| Q3 25 | 20.4% | 6.1% | ||
| Q2 25 | 20.1% | 4.1% | ||
| Q1 25 | 20.4% | 0.8% | ||
| Q4 24 | 19.8% | 4.3% | ||
| Q3 24 | 20.0% | 5.9% | ||
| Q2 24 | 19.6% | 6.1% |
净利率BCPCCWST
| Q1 26 | 14.9% | -1.0% | ||
| Q4 25 | 14.9% | -0.5% | ||
| Q3 25 | 15.1% | 2.1% | ||
| Q2 25 | 15.0% | 1.1% | ||
| Q1 25 | 14.8% | -1.2% | ||
| Q4 24 | 14.0% | 1.1% | ||
| Q3 24 | 14.1% | 1.4% | ||
| Q2 24 | 13.7% | 1.9% |
每股收益（稀释后）BCPCCWST
| Q1 26 | $1.25 | $-0.09 | ||
| Q4 25 | $1.21 | $-0.04 | ||
| Q3 25 | $1.24 | $0.16 | ||
| Q2 25 | $1.17 | $0.08 | ||
| Q1 25 | $1.13 | $-0.08 | ||
| Q4 24 | $1.03 | $0.08 | ||
| Q3 24 | $1.03 | $0.10 | ||
| Q2 24 | $0.98 | $0.12 |
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 | $126.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $1.6B |
| 总资产 | $1.7B | $3.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BCPCCWST
| Q1 26 | $72.9M | $126.9M | ||
| Q4 25 | $74.6M | $123.8M | ||
| Q3 25 | $65.1M | $192.7M | ||
| Q2 25 | $65.4M | $217.8M | ||
| Q1 25 | $49.9M | $267.7M | ||
| Q4 24 | $49.5M | $358.3M | ||
| Q3 24 | $73.7M | $519.0M | ||
| Q2 24 | $63.7M | $208.5M |
总债务BCPCCWST
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $976.6M |
股东权益BCPCCWST
| Q1 26 | $1.3B | $1.6B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.0B |
总资产BCPCCWST
| Q1 26 | $1.7B | $3.3B | ||
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.7B | $3.3B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.6B | $3.2B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.6B | $3.1B | ||
| Q2 24 | $1.6B | $2.5B |
负债/权益比BCPCCWST
| Q1 26 | — | — | ||
| Q4 25 | — | 0.72× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.94× |
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 | $62.3M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $30.7M |
| 自由现金流率自由现金流/营收 | 12.5% | 5.5% |
| 资本支出强度资本支出/营收 | 2.3% | 9.0% |
| 现金转化率经营现金流/净利润 | 0.99× | — |
| 过去12个月自由现金流最近4个季度 | — | $120.7M |
8季度趋势，按日历期对齐
经营现金流BCPCCWST
| Q1 26 | $40.1M | $62.3M | ||
| Q4 25 | $67.3M | $96.6M | ||
| Q3 25 | $65.6M | $93.6M | ||
| Q2 25 | $47.3M | $89.5M | ||
| Q1 25 | $36.5M | $50.1M | ||
| Q4 24 | $52.3M | $109.8M | ||
| Q3 24 | $51.3M | $91.8M | ||
| Q2 24 | $45.0M | $72.1M |
自由现金流BCPCCWST
| Q1 26 | $33.8M | $30.7M | ||
| Q4 25 | — | $39.3M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $23.1M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $32.9M | ||
| Q3 24 | — | $40.4M | ||
| Q2 24 | — | $27.5M |
自由现金流率BCPCCWST
| Q1 26 | 12.5% | 5.5% | ||
| Q4 25 | — | 8.4% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | — | 7.3% |
资本支出强度BCPCCWST
| Q1 26 | 2.3% | 9.0% | ||
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 13.3% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 11.8% |
现金转化率BCPCCWST
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | 9.37× | ||
| Q2 25 | 1.23× | 17.19× | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | 22.51× | ||
| Q3 24 | 1.52× | 15.91× | ||
| Q2 24 | 1.40× | 10.29× |
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
CWST
| Collection | $334.8M | 60% |
| Transfer station | $65.9M | 12% |
| Processing (ii) | $49.0M | 9% |
| Landfill | $48.0M | 9% |
| National Accounts (ii) | $45.6M | 8% |
| Transportation | $8.2M | 1% |
| Landfill gas-to-energy | $2.9M | 1% |
