Balchem Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,037	953.68	922.44	942.36	799.02
Revenue Growth (YoY)	8.75%	3.39%	-2.11%	17.94%	13.55%
Cost of Revenue	666.53	617.48	620.38	661.91	555.85
Gross Profit	370.63	336.21	302.06	280.45	243.17
Selling, General & Admin	142.8	135.98	120.05	120.78	102.15
Research & Development	18.51	16.79	15.05	12.19	13.52
Operating Expenses	161.31	152.78	135.1	132.97	115.67
Operating Income	209.33	183.43	166.96	147.48	127.5
Interest Expense	-10.22	-16.53	-23.73	-12.52	-4.71
Interest & Investment Income	-	-	1.12	2.25	2.26
Earnings From Equity Investments	-0.49	-0.49	-0.51	-0.56	-0.56
Other Non Operating Income (Expenses)	0.41	0.56	1.19	-1.12	0.74
EBT Excluding Unusual Items	199.03	166.97	145.03	135.54	125.23
Merger & Restructuring Charges	-	-0.52	-7.76	-2.26	-
Other Unusual Items	-	-	-	0.47	-
Pretax Income	199.03	166.45	137.26	133.75	125.23
Income Tax Expense	44.19	37.98	28.72	28.38	29.13
Net Income	154.85	128.48	108.54	105.37	96.1
Net Income to Common	154.85	128.48	108.54	105.37	96.1
Net Income Growth	20.52%	18.36%	3.01%	9.64%	13.57%
Shares Outstanding (Basic)	32	32	32	32	32
Shares Outstanding (Diluted)	33	33	32	32	33
Shares Change (YoY)	-0.35%	0.83%	0.17%	-0.85%	0.52%
EPS (Basic)	4.80	3.97	3.38	3.29	2.98
EPS (Diluted)	4.75	3.93	3.35	3.25	2.94
EPS Growth	20.87%	17.31%	3.08%	10.54%	13.08%
Free Cash Flow	173.07	146.34	145.87	88.59	123.15
Free Cash Flow Per Share	5.31	4.47	4.50	2.73	3.77
Dividend Per Share	0.960	0.870	0.790	0.710	0.640
Dividend Growth	10.35%	10.13%	11.27%	10.94%	10.35%
Gross Margin	35.73%	35.25%	32.75%	29.76%	30.43%
Operating Margin	20.18%	19.23%	18.10%	15.65%	15.96%
Profit Margin	14.93%	13.47%	11.77%	11.18%	12.03%
Free Cash Flow Margin	16.69%	15.34%	15.81%	9.40%	15.41%
EBITDA	254.73	231.12	221.61	199	176.1
EBITDA Margin	24.56%	24.23%	24.02%	21.12%	22.04%
D&A For EBITDA	45.4	47.69	54.65	51.51	48.6
EBIT	209.33	183.43	166.96	147.48	127.5
EBIT Margin	20.18%	19.23%	18.10%	15.65%	15.96%
Effective Tax Rate	22.20%	22.82%	20.92%	21.22%	23.26%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.