Balchem Corporation (BCPC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,475 | 108,543 | 105,367 | 96,104 | 84,623 |
| Revenue | US$ in thousands | 953,684 | 922,439 | 942,358 | 799,023 | 703,644 |
| Net profit margin | 13.47% | 11.77% | 11.18% | 12.03% | 12.03% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $128,475K ÷ $953,684K
= 13.47%
Balchem Corporation's net profit margin has displayed fluctuating trends over the past five years. The margin stood at 12.03% in both December 31, 2020, and December 31, 2021, showcasing consistent performance during these years. However, there was a slight decrease to 11.18% by December 31, 2022, indicating a potential dip in profitability. Subsequently, there was a partial recovery as the net profit margin rose to 11.77% by December 31, 2023. Notably, there was a notable increase to 13.47% by December 31, 2024, reflecting a rebound in profitability and potentially improved operational efficiency. Overall, while there have been fluctuations, the company's net profit margin has shown resilience and the ability to adapt to changing market conditions. Further analysis of the underlying factors driving these fluctuations would provide greater insights into the company's financial performance.
Peer comparison
Dec 31, 2024