Balchem vs Perimeter Solutions
Balchem is the larger business, with $1.04bn of revenue in fiscal 2025 against $653m for Perimeter Solutions (1.6 times as much). Perimeter Solutions grew faster (16.4% against 8.8%). Balchem kept more of each dollar of sales as profit: a net margin of 14.9% against -31.6%.
| Latest fiscal year | BalchemBCPC, 2025 | Perimeter SolutionsPRM, 2025 |
|---|---|---|
| Revenue | $1.04bn | $653m |
| Revenue growth | 8.8% | 16.4% |
| Net income | $155m | −$206m |
| Operating margin | — | -30.8% |
| Net margin | 14.9% | -31.6% |
| Return on equity | 12.9% | -18.0% |
| Free cash flow | $217m | $209m |
| Cash | $74.6m | $326m |
| Total debt | $164m | $675m |
| Debt to equity | — | 59.6% |
| Dividend per share | $0.96 | — |
| Dividend yield | 0.6% | — |
| Share buybacks | $108m | $40.4m |
| Employees | — | 356 |
| Market value | $5.64bn | $4.68bn |
| Price vs our value range | Above our value range | Below our value range |
| Moat score | 72 (Strong) | — |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 35 sales |