Balchem Corporation (BCPC)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	108,543	103,301	99,475	99,147	105,367	108,910	108,674	101,623	96,104	93,317	89,872	88,266	84,623	82,844	81,952	80,656	79,671	79,622	78,160	78,010
Revenue (ttm)	US$ in thousands	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	643,705	640,717	637,165	639,298
Net profit margin		11.77%	11.15%	10.58%	10.48%	11.18%	11.80%	12.40%	12.07%	12.03%	12.17%	12.08%	12.35%	12.03%	12.02%	12.18%	12.20%	12.38%	12.43%	12.27%	12.20%

December 31, 2023 calculation

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

The net profit margin for Balchem Corp. has shown some fluctuation over the past eight quarters, ranging from a low of 10.48% in Q1 2023 to a high of 12.40% in Q2 2022. This metric indicates how much of each dollar of revenue generated by the company translates into profit after all expenses have been accounted for.

The average net profit margin over the eight quarters is 11.37%, which reflects a relatively stable profitability trend overall. It is worth noting that the company has generally maintained a double-digit net profit margin, suggesting effective cost management and a reasonable level of profitability relative to its revenue.

Investors and stakeholders may view the consistency in maintaining a healthy net profit margin positively, as it indicates the company's ability to generate profits efficiently and sustainably. However, further analysis of the company's operational efficiency and cost structure may provide additional insights into the underlying factors impacting its profitability performance.