Balchem Corporation (BCPC)

Operating 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
Operating income (ttm)	US$ in thousands	183,481	195,816	191,438	188,345	180,637	140,273	130,284	127,368	131,296	145,702	144,590	135,263	127,502	122,605	119,120	115,444	111,147	105,864	102,866	102,351
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
Operating profit margin		19.24%	20.78%	20.53%	20.26%	19.58%	15.14%	13.85%	13.46%	13.93%	15.79%	16.50%	16.06%	15.96%	15.99%	16.01%	16.15%	15.80%	15.35%	15.29%	15.48%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $183,481K ÷ $953,684K
= 19.24%

Based on the data provided for Balchem Corporation's operating profit margin over multiple quarters, we can see fluctuations in the performance metric. The operating profit margin, which represents the percentage of revenue that remains after deducting operating expenses, ranged between 13.46% to 20.78% during the period from March 31, 2020, to December 31, 2024.

The operating profit margin showed a general increasing trend from 15.48% in March 2020 to a peak of 20.78% in September 2024 before declining to 19.24% by December 2024. This upward trend indicates that the company was effectively managing its operating expenses relative to its revenue during this period.

It is important to note that while the operating profit margin increased over time, the metric experienced some fluctuations, suggesting potential shifts in the company's cost structure, pricing strategy, or other operational factors that influenced profitability.

Overall, the analysis of Balchem Corporation's operating profit margin indicates that the company exhibited a mix of effective cost management and potential operational challenges during the period under review. Further analysis of underlying factors contributing to these fluctuations could provide valuable insights into the company's financial performance and sustainability.