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How Balchem (BCPC) makes money

Balchem (BCPC) made $291M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Product Sales Revenue brought in $290M (100%); Royalty Revenue brought in $401K (0%). Of every dollar of revenue, 36¢ was left as gross profit, 21¢ was left as operating profit, 16¢ was left as net earnings.

Drawing the Sankey…

Balchem revenue by segment, Q3 2026Balchem revenue by segment, Q3 2026Product Sales Revenue$290MRoyalty Revenue$401K
Balchem: revenue by line, Q1 2025 to Q3 2026Balchem: revenue by line, Q1 2025 to Q3 2026Product Sales RevenueRoyalty RevenueProduct Sales Revenue: $290M latest$290MRoyalty Revenue: $401K latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Balchem revenue by quarterBalchem revenue by quarter$251MQ1 2025$255MQ2 2025$268MQ3 2025$264MQ4 2025$271MQ1 2026$284MQ2 2026$291MQ3 2026
Balchem: where each dollar of revenue goesBalchem: where each dollar of revenue goesCost of revenue64¢Gross profit36¢Operating expenses15¢Operating profit21¢Income tax5¢Net earnings16¢Operating cash flow24¢Free cash flow20¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product Sales Revenue$290M99.9%+2%+9%
Royalty Revenue$401K0.1%-37%-16%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$291M100.0%
Cost of revenue$185M63.6%
Gross profit$106M36.4%
Operating expenses$43.3M14.9%
Operating profit$62.4M21.5%
Income tax$13.3M4.6%
Net earnings$46.7M16.1%
Operating cash flow$69.8M24.0%
Free cash flow$57.9M19.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$291M+9%
Q2 2026$284M+11%
Q1 2026$271M+8%
Q4 2025$264M+10%
Q3 2025$268M+12%
Q2 2025$255M+9%
Q1 2025$251M+4%

From Balchem's 10-Q filed Oct 23, 2026 (on EDGAR).

Questions

How does Balchem make money?

Balchem (BCPC) made $291M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Product Sales Revenue brought in $290M (100%); Royalty Revenue brought in $401K (0%). Of every dollar of revenue, 36¢ was left as gross profit, 21¢ was left as operating profit, 16¢ was left as net earnings.

What is Balchem's biggest business?

Product Sales Revenue: $290M in the third quarter 2026, 100% of revenue, +9% from a year earlier.

What is Balchem's profit margin?

Net earnings were $46.7M, 16.1% of revenue, in the third quarter 2026; the operating margin was 21.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.