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Perimeter Group vs Balchem: PRM and BCPC compared
Perimeter Group is the larger company: $390M of revenue in its latest quarter (Q3 2026) against $291M for Balchem (Q3 2026). Perimeter Group is growing faster (+24% against +9% a year earlier). Perimeter Group is more profitable, with an operating margin of 106.8% against 21.5%.
Where the money goes: PRM and BCPC
Perimeter Group (PRM) · Q3 2026
Perimeter Group, Q3 2026: revenue $390M (+24% year over year), operating margin 106.8%, net earnings $304M, operating cash flow $163M. 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.
| Perimeter Group (PRM) | Balchem (BCPC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $390M | $291M |
| Revenue growth, Y/Y | +24% | +9% |
| Gross margin | 61.1% | 36.4% |
| Operating margin | 106.8% | 21.5% |
| Net earnings | $304M | $46.7M |
| Net margin | 78.1% | 16.1% |
| Operating cash flow | $163M | $69.8M |
| Free cash flow | $150M | $57.9M |
| Market value | $5.2B | $5.6B |
| P/E | 92.9× | 33.0× |
| Analysts’ mean target | $41.50 | $213.50 |
Where the revenue comes from
Perimeter Group
- Revenues from products: $327M (84%)
- Services and others: $63.2M (16%)
Balchem
- Product Sales Revenue: $290M (100%)
- Royalty Revenue: $401K (0%)
Questions
Which is bigger, Perimeter Group or Balchem?
Perimeter Group is the larger company: $390M of revenue in its latest quarter (Q3 2026) against $291M for Balchem (Q3 2026).
Is Perimeter Group or Balchem growing faster?
Perimeter Group is growing faster (+24% against +9% a year earlier).
Which is more profitable, Perimeter Group or Balchem?
Perimeter Group is more profitable, with an operating margin of 106.8% against 21.5%.
More: Perimeter Group earnings · how Perimeter Group 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.