Balchem vs Ecovyst
Balchem is the larger business, with $1.04bn of revenue in fiscal 2025 against $724m for Ecovyst (1.4 times as much). Ecovyst grew faster (20.9% against 8.8%). Balchem kept more of each dollar of sales as profit: a net margin of 14.9% against -9.8%.
| Latest fiscal year | BalchemBCPC, 2025 | EcovystECVT, 2025 |
|---|---|---|
| Revenue | $1.04bn | $724m |
| Revenue growth | 8.8% | 20.9% |
| Net income | $155m | −$71.1m |
| Operating margin | — | 9.0% |
| Net margin | 14.9% | -9.8% |
| Return on equity | 12.9% | -10.9% |
| Free cash flow | $217m | $69.9m |
| Cash | $74.6m | $197m |
| Total debt | $164m | $397m |
| Debt to equity | — | 65.8% |
| Dividend per share | $0.96 | — |
| Dividend yield | 0.6% | — |
| Share buybacks | $108m | $46.9m |
| Employees | — | 617 |
| Market value | $5.64bn | $1.11bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 72 (Strong) | 63 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 1 buys, 2 sales |