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BALCHEM CORP（BCPC）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
SUBURBAN PROPANE PARTNERS LP的季度营收约是BALCHEM CORP的1.4倍（$370.4M vs $270.7M），BALCHEM CORP净利率更高（14.9% vs 12.4%，领先2.5%），BALCHEM CORP同比增速更快（8.1% vs -0.8%），BALCHEM CORP自由现金流更多（$33.8M vs $-67.5M），过去两年BALCHEM CORP的营收复合增速更高（7.5% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
BCPC vs SPH — 直观对比
营收规模更大
SPH
是对方的1.4倍
$270.7M
营收增速更快
BCPC
高出8.8%
-0.8%
净利率更高
BCPC
高出2.5%
12.4%
自由现金流更多
BCPC
多$101.3M
$-67.5M
两年增速更快
BCPC
近两年复合增速
-13.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $270.7M | $370.4M |
| 净利润 | $40.3M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 20.5% | 18.3% |
| 净利率 | 14.9% | 12.4% |
| 营收同比 | 8.1% | -0.8% |
| 净利润同比 | 8.7% | 135.7% |
| 每股收益（稀释后） | $1.25 | $0.69 |
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BCPCSPH
| Q1 26 | $270.7M | — | ||
| Q4 25 | $263.6M | $370.4M | ||
| Q3 25 | $267.6M | $211.4M | ||
| Q2 25 | $255.5M | $260.1M | ||
| Q1 25 | $250.5M | $587.7M | ||
| Q4 24 | $240.0M | $373.3M | ||
| Q3 24 | $239.9M | $208.6M | ||
| Q2 24 | $234.1M | $254.6M |
净利润BCPCSPH
| Q1 26 | $40.3M | — | ||
| Q4 25 | $39.2M | $45.8M | ||
| Q3 25 | $40.3M | $-35.1M | ||
| Q2 25 | $38.3M | $-14.8M | ||
| Q1 25 | $37.1M | $137.1M | ||
| Q4 24 | $33.6M | $19.4M | ||
| Q3 24 | $33.8M | $-44.6M | ||
| Q2 24 | $32.1M | $-17.2M |
毛利率BCPCSPH
| Q1 26 | — | — | ||
| Q4 25 | 35.6% | 64.7% | ||
| Q3 25 | 35.7% | 64.7% | ||
| Q2 25 | 36.4% | 61.7% | ||
| Q1 25 | 35.2% | 58.8% | ||
| Q4 24 | 36.0% | 60.6% | ||
| Q3 24 | 35.6% | 59.4% | ||
| Q2 24 | 35.5% | 62.9% |
营业利润率BCPCSPH
| Q1 26 | 20.5% | — | ||
| Q4 25 | 19.8% | 18.3% | ||
| Q3 25 | 20.4% | -7.9% | ||
| Q2 25 | 20.1% | 2.1% | ||
| Q1 25 | 20.4% | 27.0% | ||
| Q4 24 | 19.8% | 15.8% | ||
| Q3 24 | 20.0% | -10.8% | ||
| Q2 24 | 19.6% | 3.2% |
净利率BCPCSPH
| Q1 26 | 14.9% | — | ||
| Q4 25 | 14.9% | 12.4% | ||
| Q3 25 | 15.1% | -16.6% | ||
| Q2 25 | 15.0% | -5.7% | ||
| Q1 25 | 14.8% | 23.3% | ||
| Q4 24 | 14.0% | 5.2% | ||
| Q3 24 | 14.1% | -21.4% | ||
| Q2 24 | 13.7% | -6.8% |
每股收益（稀释后）BCPCSPH
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.21 | $0.69 | ||
| Q3 25 | $1.24 | $-0.55 | ||
| Q2 25 | $1.17 | $-0.23 | ||
| Q1 25 | $1.13 | $2.10 | ||
| Q4 24 | $1.03 | $0.30 | ||
| Q3 24 | $1.03 | $-0.69 | ||
| 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 | $72.9M | $1.3M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $1.3B | — |
| 总资产 | $1.7B | $2.4B |
| 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BCPCSPH
| Q1 26 | $72.9M | — | ||
| Q4 25 | $74.6M | $1.3M | ||
| Q3 25 | $65.1M | $405.0K | ||
| Q2 25 | $65.4M | $1.3M | ||
| Q1 25 | $49.9M | $3.9M | ||
| Q4 24 | $49.5M | $4.4M | ||
| Q3 24 | $73.7M | $3.2M | ||
| Q2 24 | $63.7M | $4.9M |
总债务BCPCSPH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
股东权益BCPCSPH
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — |
总资产BCPCSPH
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B |
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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $33.8M | $-67.5M |
| 自由现金流率自由现金流/营收 | 12.5% | -18.2% |
| 资本支出强度资本支出/营收 | 2.3% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.99× | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流BCPCSPH
| Q1 26 | $40.1M | — | ||
| Q4 25 | $67.3M | $-47.7M | ||
| Q3 25 | $65.6M | $41.8M | ||
| Q2 25 | $47.3M | $95.5M | ||
| Q1 25 | $36.5M | $40.1M | ||
| Q4 24 | $52.3M | $8.8M | ||
| Q3 24 | $51.3M | $36.8M | ||
| Q2 24 | $45.0M | $61.4M |
自由现金流BCPCSPH
| Q1 26 | $33.8M | — | ||
| Q4 25 | — | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M |
自由现金流率BCPCSPH
| Q1 26 | 12.5% | — | ||
| Q4 25 | — | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% |
资本支出强度BCPCSPH
| Q1 26 | 2.3% | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% |
现金转化率BCPCSPH
| Q1 26 | 0.99× | — | ||
| Q4 25 | 1.72× | -1.04× | ||
| Q3 25 | 1.63× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 0.98× | 0.29× | ||
| Q4 24 | 1.56× | 0.45× | ||
| 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
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
