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Ecovyst vs Balchem: ECVT and BCPC compared
Ecovyst is the larger company: $309M of revenue in its latest quarter (Q3 2026) against $291M for Balchem (Q3 2026). Ecovyst is growing faster (+51% against +9% a year earlier). Balchem is more profitable, with an operating margin of 21.5% against 9.5%.
Where the money goes: ECVT and BCPC
Ecovyst (ECVT) · Q3 2026
Ecovyst, Q3 2026: revenue $309M (+51% year over year), operating margin 9.5%, net earnings $18.2M, operating cash flow $25.2M. The chart follows the revenue to costs, profit and cash.
Balchem (BCPC) · Q3 2026
Balchem, Q3 2026: revenue $291M (+9% year over year), operating margin 21.5%, net earnings $46.7M, operating cash flow $69.8M. The chart follows the revenue to costs, profit and cash.
| Ecovyst (ECVT) | Balchem (BCPC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $309M | $291M |
| Revenue growth, Y/Y | +51% | +9% |
| Gross margin | 19.0% | 36.4% |
| Operating margin | 9.5% | 21.5% |
| Net earnings | $18.2M | $46.7M |
| Net margin | 5.9% | 16.1% |
| Operating cash flow | $25.2M | $69.8M |
| Free cash flow | — | $57.9M |
| Market value | — | $5.6B |
| P/E | — | 33.0× |
| Analysts’ mean target | — | $213.50 |
Where the revenue comes from
Ecovyst
- Virgin sulfuric acid: $163M (53%)
- Regenerated sulfuric acid and treatment services: $107M (35%)
- Catalyst activation and sulfur dioxide & derivatives: $39.0M (13%)
Balchem
- Product Sales Revenue: $290M (100%)
- Royalty Revenue: $401K (0%)
Questions
Which is bigger, Ecovyst or Balchem?
Ecovyst is the larger company: $309M of revenue in its latest quarter (Q3 2026) against $291M for Balchem (Q3 2026).
Is Ecovyst or Balchem growing faster?
Ecovyst is growing faster (+51% against +9% a year earlier).
Which is more profitable, Ecovyst or Balchem?
Balchem is more profitable, with an operating margin of 21.5% against 9.5%.
More: Ecovyst earnings · how Ecovyst makes money · Balchem earnings · how Balchem makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.