Filing Flows › Balchem (BCPC) › Q2 2025
Balchem (BCPC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Balchem (BCPC) reported revenue of $255M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +2% from the quarter before. Operating margin was 20.1%, net earnings $38.3M (15.0% of revenue).
Balchem, Q2 2025: revenue $255M (+9% year over year), operating margin 20.1%, net earnings $38.3M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | +2% | +9% |
| Gross profit | $93.1M | +6% | +12% |
| Operating profit | $51.4M | +0.8% | +12% |
| Net earnings | $38.3M | +3% | +19% |
| Operating cash flow | $47.3M | +30% | +5% |
| Free cash flow | $40.7M | — | +6% |
What changed
Revenue was $255.5M in Q2 2025, up 9% year over year and up 2% from the previous quarter. Product Sales Revenue was the largest line at 100% of revenue. Product Sales Revenue added $21.3M year over year (up 9%), 100% of the total change.
Gross margin was 36.4%, up 1.0 points from a year earlier. Operating profit was $51.4M, a 20.1% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 20% margin then. Operating expenses grew 12% against revenue growth of 9%. The fastest-growing cost line was General & admin (+18%). Net earnings were $38.3M, up 19% year over year. The effective tax rate was 21.9%.
Operating cash flow was $47.3M (up 5% year over year), 123% of net earnings. Non-cash charges added back $11.4M of depreciation and amortization and $5.8M of share-based compensation. Working capital and other items used $8.3M. After capital expenditures and proceeds from the sale of assets ($6.6M), free cash flow as the company reports it was $40.7M.
Questions
What was Balchem's revenue in the second quarter 2025?
Balchem (BCPC) reported revenue of $255M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +2% from the quarter before.
Was Balchem profitable in the second quarter 2025?
Operating profit was $51.4M (20.1% of revenue) and net earnings $38.3M.
Source: Balchem 10-Q on SEC EDGAR.