Balchem Corporation (BCPC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	336,206	324,862	316,045	310,400	302,056	295,702	287,588	282,115	280,451	275,878	268,382	255,953	243,174	235,926	231,360	227,293	223,897	221,425	219,065	217,603
Revenue (ttm)	US$ in thousands	953,684	942,379	932,387	929,558	922,439	926,271	940,590	946,031	942,358	922,960	876,562	842,234	799,023	766,603	743,874	714,864	703,644	689,458	672,913	661,112
Gross profit margin		35.25%	34.47%	33.90%	33.39%	32.75%	31.92%	30.58%	29.82%	29.76%	29.89%	30.62%	30.39%	30.43%	30.78%	31.10%	31.80%	31.82%	32.12%	32.55%	32.91%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $336,206K ÷ $953,684K
= 35.25%

Balchem Corporation's gross profit margin has shown a fluctuating trend over the past few years. It decreased from 32.91% as of March 31, 2020, to a low of 29.76% by December 31, 2022. This decline indicates potential challenges in managing the cost of goods sold relative to sales revenue during this period.

However, there was a notable improvement in the gross profit margin starting from March 31, 2023, when it increased to 29.82%, and continued to rise steadily, reaching 35.25% by December 31, 2024. This upward trend suggests that the company may have implemented effective cost control measures or experienced an increase in sales revenue during this period.

Overall, while there were fluctuations in Balchem Corporation's gross profit margin over the analyzed period, the recent trend of improvement is a positive indicator of the company's ability to generate profits from its core business operations. It will be essential for the company to continue monitoring and managing its costs to sustain and further improve its profitability in the future.