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BALCHEM CORP（BCPC）与LANDS' END, INC.（LE）财务数据对比。点击上方公司名可切换其他公司
LANDS' END, INC.的季度营收约是BALCHEM CORP的1.2倍（$317.5M vs $263.6M），BALCHEM CORP净利率更高（14.9% vs 1.6%，领先13.3%），BALCHEM CORP同比增速更快（9.8% vs 0.1%），过去两年BALCHEM CORP的营收复合增速更高（4.9% vs -0.9%）
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。
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
BCPC vs LE — 直观对比
营收规模更大
LE
是对方的1.2倍
$263.6M
营收增速更快
BCPC
高出9.7%
0.1%
净利率更高
BCPC
高出13.3%
1.6%
两年增速更快
BCPC
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $263.6M | $317.5M |
| 净利润 | $39.2M | $5.2M |
| 毛利率 | 35.6% | 51.8% |
| 营业利润率 | 19.8% | 5.3% |
| 净利率 | 14.9% | 1.6% |
| 营收同比 | 9.8% | 0.1% |
| 净利润同比 | 16.8% | 198.3% |
| 每股收益（稀释后） | $1.21 | $0.17 |
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BCPCLE
| Q4 25 | $263.6M | $317.5M | ||
| Q3 25 | $267.6M | — | ||
| Q2 25 | $255.5M | $261.2M | ||
| Q1 25 | $250.5M | — | ||
| Q4 24 | $240.0M | $318.6M | ||
| Q3 24 | $239.9M | $317.2M | ||
| Q2 24 | $234.1M | $285.5M | ||
| Q1 24 | $239.7M | $514.9M |
净利润BCPCLE
| Q4 25 | $39.2M | $5.2M | ||
| Q3 25 | $40.3M | — | ||
| Q2 25 | $38.3M | $-8.3M | ||
| Q1 25 | $37.1M | — | ||
| Q4 24 | $33.6M | $-593.0K | ||
| Q3 24 | $33.8M | $-5.3M | ||
| Q2 24 | $32.1M | $-6.4M | ||
| Q1 24 | $29.0M | $-8.6M |
毛利率BCPCLE
| Q4 25 | 35.6% | 51.8% | ||
| Q3 25 | 35.7% | — | ||
| Q2 25 | 36.4% | 50.8% | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 36.0% | 50.6% | ||
| Q3 24 | 35.6% | 47.9% | ||
| Q2 24 | 35.5% | 48.7% | ||
| Q1 24 | 34.0% | 38.0% |
营业利润率BCPCLE
| Q4 25 | 19.8% | 5.3% | ||
| Q3 25 | 20.4% | — | ||
| Q2 25 | 20.1% | -0.9% | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 19.8% | 2.9% | ||
| Q3 24 | 20.0% | 0.8% | ||
| Q2 24 | 19.6% | 0.8% | ||
| Q1 24 | 17.4% | 1.6% |
净利率BCPCLE
| Q4 25 | 14.9% | 1.6% | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 15.0% | -3.2% | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 14.0% | -0.2% | ||
| Q3 24 | 14.1% | -1.7% | ||
| Q2 24 | 13.7% | -2.3% | ||
| Q1 24 | 12.1% | -1.7% |
每股收益（稀释后）BCPCLE
| Q4 25 | $1.21 | $0.17 | ||
| Q3 25 | $1.24 | — | ||
| Q2 25 | $1.17 | $-0.27 | ||
| Q1 25 | $1.13 | — | ||
| Q4 24 | $1.03 | $-0.02 | ||
| Q3 24 | $1.03 | $-0.17 | ||
| Q2 24 | $0.98 | $-0.20 | ||
| Q1 24 | $0.89 | $-0.27 |
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 | $74.6M | $36.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $231.0M |
| 总资产 | $1.7B | $852.7M |
| 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BCPCLE
| Q4 25 | $74.6M | $36.3M | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $65.4M | $18.1M | ||
| Q1 25 | $49.9M | — | ||
| Q4 24 | $49.5M | $30.4M | ||
| Q3 24 | $73.7M | $25.6M | ||
| Q2 24 | $63.7M | $27.4M | ||
| Q1 24 | $60.3M | $25.3M |
股东权益BCPCLE
| Q4 25 | $1.3B | $231.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $230.1M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | $223.6M | ||
| Q3 24 | $1.2B | $226.5M | ||
| Q2 24 | $1.1B | $234.6M | ||
| Q1 24 | $1.1B | $241.6M |
总资产BCPCLE
| Q4 25 | $1.7B | $852.7M | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | $760.5M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $843.6M | ||
| Q3 24 | $1.6B | $802.5M | ||
| Q2 24 | $1.6B | $800.1M | ||
| Q1 24 | $1.6B | $811.5M |
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 | $67.3M | $-15.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-22.4M |
| 自由现金流率自由现金流/营收 | — | -7.1% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 1.72× | -3.03× |
| 过去12个月自由现金流最近4个季度 | — | $-55.0M |
8季度趋势，按日历期对齐
经营现金流BCPCLE
| Q4 25 | $67.3M | $-15.7M | ||
| Q3 25 | $65.6M | — | ||
| Q2 25 | $47.3M | $-22.5M | ||
| Q1 25 | $36.5M | — | ||
| Q4 24 | $52.3M | $-17.1M | ||
| Q3 24 | $51.3M | $30.7M | ||
| Q2 24 | $45.0M | $-25.8M | ||
| Q1 24 | $33.4M | $93.9M |
自由现金流BCPCLE
| Q4 25 | — | $-22.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-30.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-27.8M | ||
| Q3 24 | — | $26.0M | ||
| Q2 24 | — | $-32.6M | ||
| Q1 24 | — | $87.5M |
自由现金流率BCPCLE
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -11.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | -11.4% | ||
| Q1 24 | — | 17.0% |
资本支出强度BCPCLE
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.2% |
现金转化率BCPCLE
| Q4 25 | 1.72× | -3.03× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | 1.15× | — |
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
| Human Nutrition And Health | $166.1M | 63% |
| Animal Nutrition And Health | $61.2M | 23% |
| Specialty Products | $34.8M | 13% |
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
