Balchem Corporation (BCPC)

Operating 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
Operating income (ttm)	US$ in thousands	159,193	154,163	144,174	141,258	145,186	145,702	144,590	135,263	127,502	122,605	119,120	115,444	111,147	105,864	102,866	102,351	102,553	106,146	105,639	106,340
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
Operating profit margin		17.26%	16.64%	15.33%	14.93%	15.41%	15.79%	16.50%	16.06%	15.96%	15.99%	16.01%	16.15%	15.80%	15.35%	15.29%	15.48%	15.93%	16.57%	16.58%	16.63%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $159,193K ÷ $922,439K
= 17.26%

Balchem Corp.'s operating profit margin has exhibited fluctuations over the quarters presented. In Q4 2023, the operating profit margin increased to 17.26%, a positive trend compared to the previous quarter's 16.64%. Throughout the year, the operating profit margin has ranged between 14.93% and 17.26%, indicating some variability in the company's profitability. However, it is important to note that the margins have generally been above 15%, showing a consistent level of profitability in the company's operations. It will be essential to monitor future trends to assess the sustainability and potential growth of Balchem Corp.'s operating profit margin.