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BALCHEM CORP（BCPC）与MACOM Technology Solutions Holdings, Inc.（MTSI）财务数据对比。点击上方公司名可切换其他公司
MACOM Technology Solutions Holdings, Inc.的季度营收约是BALCHEM CORP的1.0倍（$271.6M vs $263.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 14.9%，领先3.1%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 9.8%），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 4.9%）
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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
BCPC vs MTSI — 直观对比
营收规模更大
MTSI
是对方的1.0倍
$263.6M
营收增速更快
MTSI
高出14.7%
9.8%
净利率更高
MTSI
高出3.1%
14.9%
两年增速更快
MTSI
近两年复合增速
4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $263.6M | $271.6M |
| 净利润 | $39.2M | $48.8M |
| 毛利率 | 35.6% | 55.9% |
| 营业利润率 | 19.8% | 15.9% |
| 净利率 | 14.9% | 18.0% |
| 营收同比 | 9.8% | 24.5% |
| 净利润同比 | 16.8% | 129.1% |
| 每股收益（稀释后） | $1.21 | $0.64 |
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BCPCMTSI
| Q1 26 | — | $271.6M | ||
| Q4 25 | $263.6M | $261.2M | ||
| Q3 25 | $267.6M | $252.1M | ||
| Q2 25 | $255.5M | $235.9M | ||
| Q1 25 | $250.5M | $218.1M | ||
| Q4 24 | $240.0M | — | ||
| Q3 24 | $239.9M | $200.7M | ||
| Q2 24 | $234.1M | $190.5M |
净利润BCPCMTSI
| Q1 26 | — | $48.8M | ||
| Q4 25 | $39.2M | $45.1M | ||
| Q3 25 | $40.3M | $36.5M | ||
| Q2 25 | $38.3M | $31.7M | ||
| Q1 25 | $37.1M | $-167.5M | ||
| Q4 24 | $33.6M | — | ||
| Q3 24 | $33.8M | $29.4M | ||
| Q2 24 | $32.1M | $19.9M |
毛利率BCPCMTSI
| Q1 26 | — | 55.9% | ||
| Q4 25 | 35.6% | 54.5% | ||
| Q3 25 | 35.7% | 55.3% | ||
| Q2 25 | 36.4% | 55.2% | ||
| Q1 25 | 35.2% | 53.7% | ||
| Q4 24 | 36.0% | — | ||
| Q3 24 | 35.6% | 54.7% | ||
| Q2 24 | 35.5% | 53.2% |
营业利润率BCPCMTSI
| Q1 26 | — | 15.9% | ||
| Q4 25 | 19.8% | 15.2% | ||
| Q3 25 | 20.4% | 14.9% | ||
| Q2 25 | 20.1% | 14.8% | ||
| Q1 25 | 20.4% | 8.0% | ||
| Q4 24 | 19.8% | — | ||
| Q3 24 | 20.0% | 13.7% | ||
| Q2 24 | 19.6% | 10.4% |
净利率BCPCMTSI
| Q1 26 | — | 18.0% | ||
| Q4 25 | 14.9% | 17.3% | ||
| Q3 25 | 15.1% | 14.5% | ||
| Q2 25 | 15.0% | 13.4% | ||
| Q1 25 | 14.8% | -76.8% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 14.1% | 14.7% | ||
| Q2 24 | 13.7% | 10.5% |
每股收益（稀释后）BCPCMTSI
| Q1 26 | — | $0.64 | ||
| Q4 25 | $1.21 | $0.67 | ||
| Q3 25 | $1.24 | $0.48 | ||
| Q2 25 | $1.17 | $0.42 | ||
| Q1 25 | $1.13 | $-2.30 | ||
| Q4 24 | $1.03 | — | ||
| Q3 24 | $1.03 | $0.40 | ||
| Q2 24 | $0.98 | $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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $1.4B |
| 总资产 | $1.7B | $2.1B |
| 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BCPCMTSI
| Q1 26 | — | $768.5M | ||
| Q4 25 | $74.6M | $786.0M | ||
| Q3 25 | $65.1M | $735.2M | ||
| Q2 25 | $65.4M | $681.5M | ||
| Q1 25 | $49.9M | $656.5M | ||
| Q4 24 | $49.5M | — | ||
| Q3 24 | $73.7M | $581.9M | ||
| Q2 24 | $63.7M | $521.5M |
股东权益BCPCMTSI
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
总资产BCPCMTSI
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | — | $30.0M |
| 自由现金流率自由现金流/营收 | — | 11.0% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 1.72× | 0.88× |
| 过去12个月自由现金流最近4个季度 | — | $161.5M |
8季度趋势，按日历期对齐
经营现金流BCPCMTSI
| Q1 26 | — | $42.9M | ||
| Q4 25 | $67.3M | $69.6M | ||
| Q3 25 | $65.6M | $60.4M | ||
| Q2 25 | $47.3M | $38.7M | ||
| Q1 25 | $36.5M | $66.7M | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $51.3M | $62.3M | ||
| Q2 24 | $45.0M | $49.0M |
自由现金流BCPCMTSI
| Q1 26 | — | $30.0M | ||
| Q4 25 | — | $49.4M | ||
| Q3 25 | — | $51.6M | ||
| Q2 25 | — | $30.5M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $57.1M | ||
| Q2 24 | — | $41.5M |
自由现金流率BCPCMTSI
| Q1 26 | — | 11.0% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 21.8% |
资本支出强度BCPCMTSI
| Q1 26 | — | 4.8% | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.9% |
现金转化率BCPCMTSI
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.72× | 1.54× | ||
| Q3 25 | 1.63× | 1.65× | ||
| Q2 25 | 1.23× | 1.22× | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.52× | 2.12× | ||
| Q2 24 | 1.40× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
