Balchem Corporation (BCPC)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	182,909	159,193	145,186	127,502	111,147
Revenue	US$ in thousands	953,684	922,439	942,358	799,023	703,644
Operating profit margin		19.18%	17.26%	15.41%	15.96%	15.80%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $182,909K ÷ $953,684K
= 19.18%

Balchem Corporation has shown a consistent and relatively healthy trend in its operating profit margin over the last five years. The company's operating profit margin increased from 15.80% as of December 31, 2020, to 19.18% as of December 31, 2024. This indicates that the company has been efficient in managing its operating expenses and generating profits from its core business operations. The gradual improvement in the operating profit margin reflects positively on Balchem's ability to control costs and enhance operational efficiency, leading to higher profitability. Overall, the increasing trend in operating profit margin suggests a favorable financial performance for Balchem Corporation in recent years.