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BALCHEM CORP（BCPC）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是BALCHEM CORP的1.9倍（$510.9M vs $270.7M），MSA Safety Inc净利率更高（17.0% vs 14.9%，领先2.1%），BALCHEM CORP同比增速更快（8.1% vs 2.2%），MSA Safety Inc自由现金流更多（$106.0M vs $33.8M），过去两年MSA Safety Inc的营收复合增速更高（11.2% 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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
BCPC vs MSA — 直观对比
营收规模更大
MSA
是对方的1.9倍
$270.7M
营收增速更快
BCPC
高出5.8%
2.2%
净利率更高
MSA
高出2.1%
14.9%
自由现金流更多
MSA
多$72.2M
$33.8M
两年增速更快
MSA
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $510.9M |
| 净利润 | $40.3M | $86.9M |
| 毛利率 | — | 46.9% |
| 营业利润率 | 20.5% | 22.3% |
| 净利率 | 14.9% | 17.0% |
| 营收同比 | 8.1% | 2.2% |
| 净利润同比 | 8.7% | -1.2% |
| 每股收益（稀释后） | $1.25 | $2.22 |
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BCPCMSA
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $510.9M | ||
| Q3 25 | $267.6M | $468.4M | ||
| Q2 25 | $255.5M | $474.1M | ||
| Q1 25 | $250.5M | $421.3M | ||
| Q4 24 | $240.0M | $499.7M | ||
| Q3 24 | $239.9M | $432.7M | ||
| Q2 24 | $234.1M | $462.5M |
净利润BCPCMSA
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $86.9M | ||
| Q3 25 | $40.3M | $69.6M | ||
| Q2 25 | $38.3M | $62.8M | ||
| Q1 25 | $37.1M | $59.6M | ||
| Q4 24 | $33.6M | $87.9M | ||
| Q3 24 | $33.8M | $66.6M | ||
| Q2 24 | $32.1M | $72.2M |
毛利率BCPCMSA
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 46.9% | ||
| Q3 25 | 35.7% | 46.5% | ||
| Q2 25 | 36.4% | 46.6% | ||
| Q1 25 | 35.2% | 45.9% | ||
| Q4 24 | 36.0% | 46.9% | ||
| Q3 24 | 35.6% | 47.9% | ||
| Q2 24 | 35.5% | 48.2% |
营业利润率BCPCMSA
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 22.3% | ||
| Q3 25 | 20.4% | 20.1% | ||
| Q2 25 | 20.1% | 18.1% | ||
| Q1 25 | 20.4% | 18.5% | ||
| Q4 24 | 19.8% | 23.5% | ||
| Q3 24 | 20.0% | 21.1% | ||
| Q2 24 | 19.6% | 21.6% |
净利率BCPCMSA
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 17.0% | ||
| Q3 25 | 15.1% | 14.9% | ||
| Q2 25 | 15.0% | 13.2% | ||
| Q1 25 | 14.8% | 14.1% | ||
| Q4 24 | 14.0% | 17.6% | ||
| Q3 24 | 14.1% | 15.4% | ||
| Q2 24 | 13.7% | 15.6% |
每股收益（稀释后）BCPCMSA
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $2.22 | ||
| Q3 25 | $1.24 | $1.77 | ||
| Q2 25 | $1.17 | $1.59 | ||
| Q1 25 | $1.13 | $1.51 | ||
| Q4 24 | $1.03 | $2.22 | ||
| Q3 24 | $1.03 | $1.69 | ||
| Q2 24 | $0.98 | $1.83 |
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 | $165.1M |
| 总债务越低越好 | — | $580.9M |
| 股东权益账面价值 | $1.3B | $1.4B |
| 总资产 | $1.7B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资BCPCMSA
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $165.1M | ||
| Q3 25 | $65.1M | $170.0M | ||
| Q2 25 | $65.4M | $147.0M | ||
| Q1 25 | $49.9M | $170.6M | ||
| Q4 24 | $49.5M | $164.6M | ||
| Q3 24 | $73.7M | $154.4M | ||
| Q2 24 | $63.7M | $146.8M |
总债务BCPCMSA
| Q1 26 | — | — | ||
| Q4 25 | — | $580.9M | ||
| Q3 25 | — | $628.6M | ||
| Q2 25 | — | $679.3M | ||
| Q1 25 | — | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | — | $554.7M | ||
| Q2 24 | — | $588.2M |
股东权益BCPCMSA
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.0B |
总资产BCPCMSA
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.6B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.6B | $2.2B |
负债/权益比BCPCMSA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.57× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $106.0M |
| 自由现金流率自由现金流/营收 | 12.5% | 20.8% |
| 资本支出强度资本支出/营收 | 2.3% | 3.2% |
| 现金转化率经营现金流/净利润 | 0.99× | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流BCPCMSA
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $122.4M | ||
| Q3 25 | $65.6M | $112.5M | ||
| Q2 25 | $47.3M | $67.2M | ||
| Q1 25 | $36.5M | $61.8M | ||
| Q4 24 | $52.3M | $107.9M | ||
| Q3 24 | $51.3M | $84.3M | ||
| Q2 24 | $45.0M | $53.3M |
自由现金流BCPCMSA
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M |
自由现金流率BCPCMSA
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% |
资本支出强度BCPCMSA
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% |
现金转化率BCPCMSA
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | 1.41× | ||
| Q3 25 | 1.63× | 1.62× | ||
| Q2 25 | 1.23× | 1.07× | ||
| Q1 25 | 0.98× | 1.04× | ||
| Q4 24 | 1.56× | 1.23× | ||
| Q3 24 | 1.52× | 1.27× | ||
| Q2 24 | 1.40× | 0.74× |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
