Balchem vs Hawkins
Balchem and Hawkins are similar in size: $1.04bn and $1.08bn of revenue in their latest fiscal years. Hawkins grew faster (11.2% against 8.8%). Balchem kept more of each dollar of sales as profit: a net margin of 14.9% against 7.5%.
| Latest fiscal year | BalchemBCPC, 2025 | HawkinsHWKN, 2026 |
|---|---|---|
| Revenue | $1.04bn | $1.08bn |
| Revenue growth | 8.8% | 11.2% |
| Net income | $155m | $81.5m |
| Operating margin | — | — |
| Net margin | 14.9% | 7.5% |
| Return on equity | 12.9% | 16.4% |
| Free cash flow | $217m | $86.1m |
| Cash | $74.6m | $3.9m |
| Total debt | $164m | $244m |
| Debt to equity | — | — |
| Dividend per share | $0.96 | $0.75 |
| Dividend yield | 0.6% | 0.5% |
| Share buybacks | $108m | $0 |
| Employees | — | 1,200 |
| Market value | $5.64bn | $3.19bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 72 (Strong) | 51 (Moderate) |
| Insider trades, 12 months | 0 buys, 5 sales | 5 buys, 0 sales |