Balchem Corporation (BCPC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	108,543	105,367	96,104	84,623	79,671
Revenue	US$ in thousands	922,439	942,358	799,023	703,644	643,705
Net profit margin		11.77%	11.18%	12.03%	12.03%	12.38%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $108,543K ÷ $922,439K
= 11.77%

Balchem Corp.'s net profit margin has remained relatively stable over the past five years, ranging from 11.18% to 12.38%. In 2023, the net profit margin stood at 11.77%, which indicates that the company generated a net profit of $0.1177 for every dollar of revenue. While the margins have fluctuated slightly, they have generally been within a narrow range, suggesting consistent profitability. It is important to investigate the underlying factors that may have contributed to these fluctuations, such as changes in revenue, cost management, or operational efficiency. Further analysis would be required to determine the reasons behind the shifts in net profit margin over the years and to assess the overall profitability and performance of Balchem Corp.