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BALCHEM CORP（BCPC）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的1.9倍（$270.7M vs $143.5M），BALCHEM CORP净利率更高（14.9% vs -68.1%，领先83.0%），FTAI Infrastructure Inc.同比增速更快（77.7% vs 8.1%），BALCHEM CORP自由现金流更多（$33.8M vs $-68.6M），过去两年FTAI Infrastructure Inc.的营收复合增速更高（31.9% 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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
BCPC vs FIP — 直观对比
营收规模更大
BCPC
是对方的1.9倍
$143.5M
营收增速更快
FIP
高出69.6%
8.1%
净利率更高
BCPC
高出83.0%
-68.1%
自由现金流更多
BCPC
多$102.5M
$-68.6M
两年增速更快
FIP
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $143.5M |
| 净利润 | $40.3M | $-97.7M |
| 毛利率 | — | — |
| 营业利润率 | 20.5% | -45.7% |
| 净利率 | 14.9% | -68.1% |
| 营收同比 | 8.1% | 77.7% |
| 净利润同比 | 8.7% | 21.6% |
| 每股收益（稀释后） | $1.25 | $-1.04 |
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BCPCFIP
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $143.5M | ||
| Q3 25 | $267.6M | $140.6M | ||
| Q2 25 | $255.5M | $122.3M | ||
| Q1 25 | $250.5M | $96.2M | ||
| Q4 24 | $240.0M | $80.8M | ||
| Q3 24 | $239.9M | $83.3M | ||
| Q2 24 | $234.1M | $84.9M |
净利润BCPCFIP
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $-97.7M | ||
| Q3 25 | $40.3M | $-104.5M | ||
| Q2 25 | $38.3M | $-70.0M | ||
| Q1 25 | $37.1M | $120.2M | ||
| Q4 24 | $33.6M | $-124.7M | ||
| Q3 24 | $33.8M | $-43.0M | ||
| Q2 24 | $32.1M | $-48.1M |
毛利率BCPCFIP
| 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BCPCFIP
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | -45.7% | ||
| Q3 25 | 20.4% | -70.8% | ||
| Q2 25 | 20.1% | -56.4% | ||
| Q1 25 | 20.4% | 81.8% | ||
| Q4 24 | 19.8% | -152.7% | ||
| Q3 24 | 20.0% | -51.7% | ||
| Q2 24 | 19.6% | -56.4% |
净利率BCPCFIP
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | -68.1% | ||
| Q3 25 | 15.1% | -74.4% | ||
| Q2 25 | 15.0% | -57.2% | ||
| Q1 25 | 14.8% | 125.0% | ||
| Q4 24 | 14.0% | -154.4% | ||
| Q3 24 | 14.1% | -51.6% | ||
| Q2 24 | 13.7% | -56.7% |
每股收益（稀释后）BCPCFIP
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $-1.04 | ||
| Q3 25 | $1.24 | $-1.38 | ||
| Q2 25 | $1.17 | $-0.73 | ||
| Q1 25 | $1.13 | $0.89 | ||
| Q4 24 | $1.03 | $-1.21 | ||
| Q3 24 | $1.03 | $-0.45 | ||
| Q2 24 | $0.98 | $-0.52 |
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 | $57.4M |
| 总债务越低越好 | — | $3.8B |
| 股东权益账面价值 | $1.3B | $21.3M |
| 总资产 | $1.7B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 176.99× |
8季度趋势，按日历期对齐
现金及短期投资BCPCFIP
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $57.4M | ||
| Q3 25 | $65.1M | $34.7M | ||
| Q2 25 | $65.4M | $33.6M | ||
| Q1 25 | $49.9M | $26.3M | ||
| Q4 24 | $49.5M | $27.8M | ||
| Q3 24 | $73.7M | $20.3M | ||
| Q2 24 | $63.7M | $33.1M |
总债务BCPCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B |
股东权益BCPCFIP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $21.3M | ||
| Q3 25 | $1.3B | $181.1M | ||
| Q2 25 | $1.3B | $375.5M | ||
| Q1 25 | $1.2B | $476.2M | ||
| Q4 24 | $1.1B | $202.7M | ||
| Q3 24 | $1.2B | $370.8M | ||
| Q2 24 | $1.1B | $394.8M |
总资产BCPCFIP
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $5.7B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.7B | $4.4B | ||
| Q1 25 | $1.6B | $4.1B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.6B | $2.5B |
负债/权益比BCPCFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
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 | $-2.8M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $-68.6M |
| 自由现金流率自由现金流/营收 | 12.5% | -47.8% |
| 资本支出强度资本支出/营收 | 2.3% | 45.9% |
| 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 | — | $-398.5M |
8季度趋势，按日历期对齐
经营现金流BCPCFIP
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $-2.8M | ||
| Q3 25 | $65.6M | $-24.4M | ||
| Q2 25 | $47.3M | $-5.2M | ||
| Q1 25 | $36.5M | $-85.7M | ||
| Q4 24 | $52.3M | $-8.1M | ||
| Q3 24 | $51.3M | $14.2M | ||
| Q2 24 | $45.0M | $-17.6M |
自由现金流BCPCFIP
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-68.6M | ||
| Q3 25 | — | $-90.7M | ||
| Q2 25 | — | $-87.5M | ||
| Q1 25 | — | $-151.7M | ||
| Q4 24 | — | $-34.3M | ||
| Q3 24 | — | $-11.7M | ||
| Q2 24 | — | $-32.1M |
自由现金流率BCPCFIP
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -47.8% | ||
| Q3 25 | — | -64.5% | ||
| Q2 25 | — | -71.6% | ||
| Q1 25 | — | -157.7% | ||
| Q4 24 | — | -42.4% | ||
| Q3 24 | — | -14.0% | ||
| Q2 24 | — | -37.9% |
资本支出强度BCPCFIP
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 67.3% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 32.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 17.2% |
现金转化率BCPCFIP
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | -0.71× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | — |
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
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
