Filing Flows › Balchem (BCPC) › Q3 2025
Balchem (BCPC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 21, 2025
Balchem (BCPC) reported revenue of $268M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +5% from the quarter before. Operating margin was 20.4%, net earnings $40.3M (15.1% of revenue).
Balchem, Q3 2025: revenue $268M (+12% year over year), operating margin 20.4%, net earnings $40.3M, operating cash flow $65.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $268M | +5% | +12% |
| Gross profit | $95.5M | +3% | +12% |
| Operating profit | $54.6M | +6% | +14% |
| Net earnings | $40.3M | +5% | +19% |
| Operating cash flow | $65.6M | +39% | +28% |
| Free cash flow | $50.7M | — | +20% |
What changed
Revenue was $267.6M in Q3 2025, up 12% year over year and up 5% from the previous quarter. Product Sales Revenue was the largest line at 100% of revenue. Product Sales Revenue added $27.6M year over year (up 12%), 100% of the total change.
Gross margin was 35.7%, up 0.1 points from a year earlier. Operating profit was $54.6M, a 20.4% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 24% reached operating profit, above the 20% margin then. Operating expenses grew 9% against revenue growth of 12%. The fastest-growing cost line was Sales & marketing (+23%). Net earnings were $40.3M, up 19% year over year. The effective tax rate was 22.6%.
Operating cash flow was $65.6M (up 28% year over year), 163% of net earnings. Non-cash charges added back $11.6M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items added $9.1M. After capital expenditures and proceeds from the sale of assets ($14.9M), free cash flow as the company reports it was $50.7M.
Questions
What was Balchem's revenue in the third quarter 2025?
Balchem (BCPC) reported revenue of $268M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +5% from the quarter before.
Was Balchem profitable in the third quarter 2025?
Operating profit was $54.6M (20.4% of revenue) and net earnings $40.3M.
Source: Balchem 10-Q on SEC EDGAR.