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BCPC NASDAQ

Balchem Corporation
1W: +0.4% 1M: -7.7% 3M: -5.6% YTD: +5.0% 1Y: -5.1% 3Y: +32.7% 5Y: +23.9%
$161.75
+0.00 (+0.00%)
 
Weekly Expected Move ±3.9%
$147 $153 $159 $165 $171
NASDAQ · Basic Materials · Chemicals - Specialty · Alpha Radar Sell · Power 43 · $5.2B mcap · 32M float · 0.625% daily turnover · Short 56% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE
58.0 / 100
NoneWeakNarrowWide
Primary source: Intangible Assets  ·  ROIC: 12.5%  ·  5Y Avg: 10.6%
Cost Advantage
54
Intangibles
72
Switching Cost
70
Network Effect
28
Scale
50
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. BCPC has a Narrow competitive edge (58.0/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Intangible Assets. ROIC of 12.5% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$0
Low
$176
Avg Target
$176
High
Based on 2 analyst ratings (12 mo)
Analyst Recommendations
Strong Buy: 0Buy: 6Hold: 4Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$175.50
Analysts2
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2025-12-05 Redburn Partners Initiated $162 +5.6% $153.35
2025-08-04 H.C. Wainwright $180 $189 +9 +21.6% $155.39
2025-04-28 H.C. Wainwright Raghuram Selvaraju $190 $180 -10 +17.2% $153.64
2024-11-05 H.C. Wainwright Raghuram Selvaraju $152 $190 +38 +8.4% $175.31
2022-05-02 H.C. Wainwright Initiated $152 +23.4% $123.20

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B
May 22, 2026
DCF
4
ROE
4
ROA
5
D/E
2
P/E
1
P/B
1
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. BCPC receives an overall rating of B. Strongest factors: DCF (4/5), ROE (4/5), ROA (5/5). Areas of concern: D/E (2/5), P/E (1/5), P/B (1/5).
Rating Change History
DateFromTo
2026-05-20 B+ B
2026-04-24 B B+
2026-04-01 B+ B
2026-03-18 B B+
2026-02-24 B+ B
2026-02-20 B B+
2026-01-03 B+ B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

71 Grade A+
Profitability
56
Balance Sheet
75
Earnings Quality
79
Growth
58
Value
52
Momentum
85
Safety
100
Cash Flow
75
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. BCPC scores highest in Safety (100/100) and lowest in Value (52/100). An overall grade of A+ places BCPC among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
9.38
Safe Zone
Piotroski F-Score
9/9
Beneish M-Score
-2.52
Unlikely Manipulator
Ohlson O-Score
-9.66
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AAA
Score: 95.3/100
Trend: Improving
Earnings Quality
100/100
OCF/NI: 1.39x
Accruals: -3.8%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. BCPC scores 9.38, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. BCPC scores 9/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. BCPC's score of -2.52 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. BCPC's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. BCPC receives an estimated rating of AAA (score: 95.3/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). BCPC's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
33.03x
PEG
1.98x
P/S
4.92x
P/B
4.06x
P/FCF
31.09x
P/OCF
24.85x
EV/EBITDA
20.58x
EV/Revenue
5.29x
EV/EBIT
26.12x
EV/FCF
31.76x
Earnings Yield
2.89%
FCF Yield
3.22%
Shareholder Yield
2.72%
Graham Number
$65.51
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 33.0x earnings, BCPC commands a growth premium. Graham's intrinsic value formula yields $65.51 per share, 147% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.776
NI / EBT
×
Interest Burden
0.951
EBT / EBIT
×
EBIT Margin
0.202
EBIT / Rev
×
Asset Turnover
0.644
Rev / Assets
×
Equity Multiplier
1.364
Assets / Equity
=
ROE
13.1%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. BCPC's ROE of 13.1% is driven by Asset Turnover (0.644), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
16.98%
Fair P/E
42.46x
Intrinsic Value
$207.91
Price/Value
0.82x
Margin of Safety
18.49%
Premium
-18.49%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with BCPC's realized 17.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $207.91, BCPC appears undervalued with a 18% margin of safety. The adjusted fair P/E of 42.5x compares to the current market P/E of 33.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$161.75
Median 1Y
$169.06
5th Pctile
$110.41
95th Pctile
$258.95
Ann. Volatility
28.1%
25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Ted Harris, Chairman,
President and Chief Executive Officer
$1,198,269 $3,150,886 $7,894,874
C. Martin Bengtsson,
Executive Vice President and Chief Financial Officer
$614,362 $1,126,222 $2,974,897
Hatsuki Miyata, President,
Vice President, Chief Legal Officer and Secretary
$526,168 $877,884 $2,392,365
Frederic Boned, Manager,
ice President and General Manager, Human Nutrition and Health
$542,265 $752,927 $2,252,491
M. Brent Tignor,
Senior Vice President and Chief Human Resources Officer
$446,683 $615,310 $1,780,641

CEO Pay Ratio

75:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $7,894,874
Avg Employee Cost (SGA/emp): $105,619
Employees: 1,352

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
1,352
-0.7% YoY
Revenue / Employee
$767,131
Rev: $1,037,161,000
Profit / Employee
$114,530
NI: $154,845,000
SGA / Employee
$105,619
Avg labor cost proxy
R&D / Employee
$13,691
Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 11.4% 11.9% 11.3% 11.9% 12.7% 12.8% 11.6% 10.9% 11.0% 11.4% 10.9% 11.5% 11.7% 12.2% 11.7% 12.4% 13.0% 13.5% 12.9% 13.1% 13.13%
ROA 7.7% 8.0% 8.1% 8.6% 9.2% 9.2% 7.5% 7.0% 7.0% 7.3% 6.7% 7.1% 7.2% 7.5% 8.1% 8.6% 9.0% 9.4% 9.4% 9.6% 9.63%
ROIC 10.1% 10.4% 11.0% 11.6% 12.4% 12.6% 8.6% 8.4% 8.7% 9.2% 9.5% 10.0% 10.1% 10.3% 10.8% 11.3% 11.6% 12.1% 12.3% 12.5% 12.52%
ROCE 11.1% 11.5% 12.1% 12.8% 13.7% 13.9% 9.7% 9.5% 9.7% 10.3% 11.0% 11.6% 11.7% 12.0% 12.9% 13.5% 14.0% 14.4% 13.7% 14.0% 13.98%
Gross Margin 29.4% 30.8% 30.1% 31.2% 30.4% 28.0% 29.5% 31.5% 33.4% 33.3% 32.8% 34.0% 35.5% 35.6% 36.0% 35.2% 36.4% 35.7% 35.6% 37.3% 37.34%
Operating Margin 15.1% 16.4% 15.9% 16.8% 16.9% 13.8% 14.3% 14.8% 18.5% 19.0% 16.8% 17.4% 19.6% 20.0% 19.8% 20.4% 20.1% 20.4% 22.8% 20.5% 20.55%
Net Margin 11.2% 12.6% 11.7% 12.6% 12.6% 10.3% 9.2% 9.8% 13.0% 12.6% 11.7% 12.1% 13.7% 14.1% 14.0% 14.8% 15.0% 15.1% 14.9% 14.9% 14.88%
EBITDA Margin 21.1% 22.6% 21.6% 21.9% 22.0% 20.0% 19.3% 20.8% 24.6% 24.7% 23.0% 23.3% 24.8% 24.5% 24.2% 24.7% 24.7% 28.7% 24.1% 25.2% 25.16%
FCF Margin 16.9% 16.7% 15.4% 10.2% 10.8% 9.8% 9.4% 12.3% 11.2% 12.7% 15.8% 15.8% 17.0% 17.3% 15.3% 15.6% 15.5% 15.9% 16.7% 16.6% 16.64%
OCF Margin 21.5% 21.4% 20.1% 15.1% 15.9% 15.3% 14.7% 17.6% 16.3% 17.1% 19.9% 19.6% 20.6% 20.9% 19.1% 19.2% 19.0% 19.9% 20.9% 20.8% 20.82%
ROE 3Y Avg snapshot only 11.78%
ROE 5Y Avg snapshot only 11.50%
ROA 3Y Avg snapshot only 8.37%
ROIC 3Y Avg snapshot only 9.51%
ROIC Economic snapshot only 12.05%
Cash ROA snapshot only 12.89%
Cash ROIC snapshot only 16.01%
CROIC snapshot only 12.80%
NOPAT Margin snapshot only 16.28%
Pretax Margin snapshot only 19.26%
R&D / Revenue snapshot only 2.36%
SGA / Revenue snapshot only 14.22%
SBC / Revenue snapshot only 1.85%
Valuation
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio 46.72 49.73 56.46 42.97 37.95 35.54 37.15 40.91 43.49 38.58 44.28 43.80 42.82 47.22 41.29 39.88 36.52 32.89 32.01 34.61 33.034
P/S Ratio 5.65 6.05 6.79 5.18 4.70 4.19 4.15 4.29 4.60 4.30 5.21 5.41 5.36 6.09 5.56 5.65 5.29 4.84 4.78 5.17 4.915
P/B Ratio 5.07 5.60 6.19 4.98 4.70 4.41 4.17 4.32 4.61 4.25 4.56 4.77 4.74 5.45 4.61 4.74 4.53 4.27 3.94 4.35 4.063
P/FCF 33.49 36.17 44.09 51.05 43.46 42.76 44.36 34.79 40.95 34.01 32.95 34.16 31.53 35.30 36.25 36.12 34.05 30.37 28.64 31.09 31.092
P/OCF 26.29 28.30 33.81 34.40 29.59 27.38 28.25 24.38 28.26 25.22 26.15 27.59 26.00 29.12 29.15 29.43 27.83 24.34 22.89 24.85 24.852
EV/EBITDA 25.29 27.42 30.82 23.87 21.44 19.72 22.00 22.93 23.73 21.16 23.61 23.81 23.57 26.65 23.66 23.66 22.18 19.48 19.13 20.58 20.582
EV/Revenue 5.76 6.17 6.81 5.20 4.72 4.21 4.57 4.70 5.02 4.73 5.50 5.70 5.65 6.37 5.73 5.81 5.45 5.00 4.89 5.29 5.286
EV/EBIT 36.00 38.48 42.61 32.42 28.59 26.46 29.92 31.67 32.81 28.77 31.72 31.62 31.10 34.47 29.86 29.25 27.14 24.79 24.25 26.12 26.115
EV/FCF 34.19 36.85 44.21 51.23 43.61 42.93 48.82 38.17 44.68 37.37 34.77 35.96 33.21 36.94 37.34 37.18 35.09 31.35 29.32 31.76 31.759
Earnings Yield 2.1% 2.0% 1.8% 2.3% 2.6% 2.8% 2.7% 2.4% 2.3% 2.6% 2.3% 2.3% 2.3% 2.1% 2.4% 2.5% 2.7% 3.0% 3.1% 2.9% 2.89%
FCF Yield 3.0% 2.8% 2.3% 2.0% 2.3% 2.3% 2.3% 2.9% 2.4% 2.9% 3.0% 2.9% 3.2% 2.8% 2.8% 2.8% 2.9% 3.3% 3.5% 3.2% 3.22%
PEG Ratio snapshot only 1.982
Price/Tangible Book snapshot only 19.699
EV/OCF snapshot only 25.386
EV/Gross Profit snapshot only 14.572
Acquirers Multiple snapshot only 25.208
Shareholder Yield snapshot only 2.72%
Graham Number snapshot only $65.51
Leverage & Solvency
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 2.83 2.83 2.24 2.24 2.24 2.24 2.40 2.40 2.40 2.40 2.12 2.12 2.12 2.12 1.99 1.99 1.99 1.99 2.07 2.07 2.073
Quick Ratio 2.08 2.08 1.61 1.61 1.61 1.61 1.54 1.54 1.54 1.54 1.38 1.38 1.38 1.38 1.16 1.16 1.16 1.16 1.33 1.33 1.328
Debt/Equity 0.21 0.21 0.13 0.13 0.13 0.13 0.49 0.49 0.49 0.49 0.31 0.31 0.31 0.31 0.18 0.18 0.18 0.18 0.15 0.15 0.153
Net Debt/Equity 0.11 0.11 0.02 0.02 0.02 0.02 0.42 0.42 0.42 0.42 0.25 0.25 0.25 0.25 0.14 0.14 0.14 0.14 0.09 0.09 0.093
Debt/Assets 0.15 0.15 0.10 0.10 0.10 0.10 0.28 0.28 0.28 0.28 0.21 0.21 0.21 0.21 0.13 0.13 0.13 0.13 0.11 0.11 0.112
Debt/EBITDA 1.01 1.00 0.67 0.64 0.61 0.60 2.35 2.37 2.32 2.23 1.54 1.49 1.48 1.47 0.90 0.88 0.86 0.80 0.72 0.71 0.707
Net Debt/EBITDA 0.52 0.51 0.08 0.08 0.08 0.08 2.01 2.03 1.98 1.90 1.24 1.20 1.19 1.18 0.69 0.67 0.65 0.61 0.44 0.43 0.432
Interest Coverage 38.21 45.18 51.99 59.38 55.08 25.70 14.03 9.19 7.38 6.78 7.07 7.46 7.87 9.17 11.07 13.63 15.73 18.82 20.48 20.58 20.580
Equity Multiplier 1.41 1.41 1.37 1.37 1.37 1.37 1.73 1.73 1.73 1.73 1.52 1.52 1.52 1.52 1.37 1.37 1.37 1.37 1.36 1.36 1.358
Cash Ratio snapshot only 0.423
Debt Service Coverage snapshot only 26.113
Cash to Debt snapshot only 0.388
FCF to Debt snapshot only 0.916
Defensive Interval snapshot only 492.1 days
Efficiency & Turnover
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 0.64 0.66 0.68 0.71 0.74 0.78 0.67 0.67 0.67 0.66 0.57 0.58 0.58 0.59 0.60 0.61 0.62 0.64 0.63 0.64 0.644
Inventory Turnover 6.63 6.87 6.88 7.25 7.52 8.00 6.28 6.30 6.20 5.98 5.41 5.40 5.38 5.39 5.14 5.17 5.27 5.41 5.08 5.14 5.139
Receivables Turnover 7.76 8.00 7.41 7.81 8.13 8.56 7.57 7.60 7.56 7.44 7.18 7.24 7.26 7.34 7.79 7.88 8.05 8.28 8.01 8.16 8.164
Payables Turnover 16.80 17.40 13.90 14.66 15.21 16.18 11.66 11.69 11.50 11.10 11.00 10.98 10.93 10.95 11.20 11.28 11.48 11.80 11.57 11.70 11.701
DSO 47 46 49 47 45 43 48 48 48 49 51 50 50 50 47 46 45 44 46 45 44.7 days
DIO 55 53 53 50 49 46 58 58 59 61 67 68 68 68 71 71 69 67 72 71 71.0 days
DPO 22 21 26 25 24 23 31 31 32 33 33 33 33 33 33 32 32 31 32 31 31.2 days
Cash Conversion Cycle 80 78 76 72 69 66 75 75 75 77 85 85 85 84 85 85 83 81 86 85 84.5 days
Fixed Asset Turnover snapshot only 3.275
Operating Cycle snapshot only 115.7 days
Cash Velocity snapshot only 14.179
Capital Intensity snapshot only 1.615
Growth (YoY)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 10.5% 11.2% 13.6% 17.8% 17.8% 20.4% 17.9% 12.3% 7.3% 0.4% -2.1% -1.7% -0.9% 1.7% 3.4% 3.8% 5.7% 7.6% 8.8% 9.6% 9.62%
Net Income 9.7% 12.6% 13.6% 15.1% 20.9% 16.7% 9.6% -2.4% -8.5% -5.2% 3.0% 15.8% 17.4% 17.7% 18.4% 18.9% 22.2% 22.8% 20.5% 15.8% 15.77%
EPS 9.1% 12.2% 12.9% 15.8% 22.2% 17.7% 10.7% -2.3% -8.8% -5.5% 2.8% 15.1% 16.6% 16.6% 18.1% 18.3% 21.9% 23.1% 21.4% 17.6% 17.65%
FCF 8.2% 18.6% 5.5% -36.1% -24.3% -29.5% -28.3% 36.3% 11.3% 29.5% 65.3% 26.3% 50.1% 38.7% 0.3% 2.4% -3.5% -0.6% 18.3% 16.7% 16.73%
EBITDA 11.4% 10.3% 8.9% 10.3% 13.9% 14.3% 10.9% 5.7% 3.1% 5.0% 9.7% 14.6% 12.3% 8.9% 7.5% 6.5% 8.4% 15.4% 14.9% 14.6% 14.62%
Op. Income 15.8% 15.8% 14.7% 17.2% 21.4% 18.8% 13.9% 4.4% -0.3% 5.8% 9.6% 17.8% 17.5% 12.7% 14.9% 15.5% 16.8% 17.7% 18.7% 15.3% 15.33%
OCF Growth snapshot only 18.96%
Asset Growth snapshot only 8.39%
Equity Growth snapshot only 9.35%
Debt Growth snapshot only -7.71%
Shares Change snapshot only -1.59%
Dividend Growth snapshot only 8.87%
Growth (CAGR)
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3Y 5.4% 6.2% 7.5% 9.6% 11.2% 12.9% 13.5% 12.7% 11.8% 10.3% 9.4% 9.1% 7.8% 7.1% 6.1% 4.6% 4.0% 3.2% 3.2% 3.8% 3.78%
Revenue 5Y 6.3% 7.1% 7.6% 8.7% 9.2% 9.9% 9.6% 8.9% 8.2% 7.7% 7.5% 7.8% 7.9% 8.0% 8.2% 7.8% 7.9% 8.0% 8.1% 8.1% 8.14%
EPS 3Y -2.7% -2.4% 6.7% 9.3% 11.8% 11.1% 9.8% 7.2% 6.7% 7.7% 8.7% 9.2% 9.1% 9.1% 10.4% 10.0% 9.0% 10.7% 13.8% 17.0% 16.98%
EPS 5Y 9.5% 10.4% 11.0% 11.1% 11.8% 11.1% 3.1% 1.0% 0.5% 0.7% 6.7% 8.0% 8.3% 8.6% 10.0% 10.9% 11.6% 12.4% 13.0% 12.6% 12.62%
Net Income 3Y -2.5% -2.3% 6.9% 9.2% 11.6% 11.0% 9.8% 7.1% 6.7% 7.6% 8.7% 9.2% 9.1% 9.2% 10.2% 10.3% 9.5% 11.1% 13.7% 16.8% 16.82%
Net Income 5Y 10.1% 10.9% 11.4% 11.3% 11.9% 11.2% 3.2% 1.1% 0.5% 0.6% 6.7% 8.0% 8.4% 8.8% 10.0% 11.1% 11.7% 12.5% 12.8% 12.4% 12.36%
EBITDA 3Y 4.6% 4.6% 5.3% 6.9% 9.0% 9.4% 9.7% 9.0% 9.3% 9.8% 9.8% 10.1% 9.6% 9.3% 9.4% 8.9% 7.8% 9.7% 10.6% 11.8% 11.84%
EBITDA 5Y 5.3% 5.4% 5.3% 5.7% 6.7% 7.2% 6.9% 6.0% 6.1% 6.5% 7.3% 8.1% 8.4% 8.4% 9.3% 9.6% 9.7% 10.7% 10.4% 10.3% 10.28%
Gross Profit 3Y 4.5% 4.9% 6.0% 8.2% 9.9% 9.8% 9.9% 9.0% 9.5% 10.1% 10.5% 10.9% 11.0% 11.3% 11.4% 10.2% 9.6% 9.6% 9.7% 10.8% 10.78%
Gross Profit 5Y 6.1% 6.3% 6.1% 7.0% 8.0% 8.4% 8.2% 7.6% 7.2% 7.6% 8.1% 9.0% 9.3% 9.3% 9.7% 9.5% 10.0% 10.4% 10.6% 11.0% 11.03%
Op. Income 3Y 4.6% 4.8% 6.0% 8.3% 11.0% 11.1% 12.3% 11.3% 11.9% 13.3% 12.7% 13.0% 12.5% 12.3% 12.8% 12.4% 11.0% 12.0% 14.4% 16.2% 16.21%
Op. Income 5Y 6.1% 6.7% 7.0% 7.6% 8.7% 8.9% 8.3% 6.8% 6.7% 7.7% 8.2% 9.4% 9.9% 10.4% 12.3% 13.4% 14.0% 14.1% 14.3% 13.9% 13.94%
FCF 3Y 13.1% 14.0% 7.5% -2.2% 0.2% -4.3% -2.8% 5.5% -3.0% 2.7% 7.7% 3.2% 8.1% 8.2% 5.9% 20.8% 17.3% 21.3% 25.2% 14.7% 14.71%
FCF 5Y 13.0% 12.3% 8.0% 0.2% 4.1% 1.3% 1.4% 6.7% 4.0% 6.2% 8.1% 10.0% 10.9% 9.5% 8.8% 8.7% 5.7% 8.4% 8.2% 5.6% 5.63%
OCF 3Y 12.7% 14.1% 10.6% 3.1% 4.9% 2.6% 3.6% 10.1% 2.3% 5.3% 6.9% 2.7% 6.4% 6.3% 4.3% 13.4% 10.4% 12.6% 16.1% 9.8% 9.79%
OCF 5Y 7.8% 9.4% 8.3% 4.7% 7.4% 5.7% 4.6% 8.0% 6.5% 7.4% 9.1% 9.5% 9.7% 8.5% 7.9% 8.2% 5.6% 8.3% 7.5% 5.5% 5.49%
Assets 3Y 6.6% 6.6% 6.9% 6.9% 6.9% 6.9% 12.0% 12.0% 12.0% 12.0% 11.1% 11.1% 11.1% 11.1% 9.5% 9.5% 9.5% 9.5% 1.7% 1.7% 1.68%
Assets 5Y 5.8% 5.8% 4.8% 4.8% 4.8% 4.8% 11.0% 11.0% 11.0% 11.0% 10.2% 10.2% 10.2% 10.2% 6.4% 6.4% 6.4% 6.4% 7.9% 7.9% 7.93%
Equity 3Y 10.3% 10.3% 8.2% 8.2% 8.2% 8.2% 8.1% 8.1% 8.1% 8.1% 8.4% 8.4% 8.4% 8.4% 9.5% 9.5% 9.5% 9.5% 10.3% 10.3% 10.25%
Book Value 3Y 10.1% 10.2% 8.0% 8.3% 8.5% 8.3% 8.1% 8.2% 8.1% 8.1% 8.4% 8.4% 8.4% 8.2% 9.6% 9.1% 9.0% 9.1% 10.3% 10.4% 10.40%
Dividend 3Y 3.6% 3.8% 3.6% 3.5% 3.7% 3.6% 3.5% 3.5% 3.4% 3.4% 3.4% 3.8% 3.8% 3.6% 4.0% 3.1% 3.0% 3.1% 3.5% 3.0% 3.01%
Growth Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability 0.94 0.94 0.92 0.90 0.90 0.88 0.87 0.88 0.89 0.89 0.89 0.91 0.93 0.89 0.88 0.88 0.89 0.86 0.86 0.88 0.881
Earnings Stability 0.50 0.50 0.51 0.51 0.51 0.48 0.48 0.33 0.27 0.27 0.95 0.93 0.86 0.91 0.96 0.91 0.86 0.88 0.92 0.91 0.912
Margin Stability 0.98 0.98 0.97 0.97 0.97 0.97 0.96 0.96 0.97 0.97 0.96 0.96 0.96 0.95 0.93 0.93 0.93 0.93 0.93 0.92 0.920
Rev. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.000
Earn. Growth Consistency 1.00 1.00 1.00 1.00 1.00 1.00 1.00 0.00 0.00 0.00 1.00 0.50 0.50 0.50 1.00 1.00 1.00 1.00 1.00 1.00 1.000
FCF Positive Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Earnings Persistence 0.96 0.95 0.95 0.94 0.92 0.93 0.96 0.99 0.97 0.98 0.99 0.94 0.93 0.93 0.93 0.92 0.91 0.91 0.92 0.94 0.937
Earnings Smoothness 0.91 0.88 0.87 0.86 0.81 0.85 0.91 0.98 0.91 0.95 0.97 0.85 0.84 0.84 0.83 0.83 0.80 0.80 0.81 0.85 0.854
ROE Trend -0.00 -0.00 0.00 0.01 0.01 0.01 0.01 -0.01 -0.01 -0.01 -0.01 -0.00 -0.00 -0.00 0.00 0.01 0.02 0.02 0.02 0.01 0.012
Gross Margin Trend -0.01 -0.02 -0.02 -0.02 -0.01 -0.02 -0.01 -0.01 -0.00 0.02 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.03 0.02 0.02 0.018
FCF Margin Trend 0.01 0.01 -0.00 -0.07 -0.06 -0.06 -0.07 -0.02 -0.03 -0.01 0.03 0.05 0.06 0.06 0.03 0.02 0.01 0.01 0.01 0.01 0.009
Sustainable Growth Rate 9.1% 9.5% 9.1% 9.5% 10.3% 10.3% 9.3% 8.4% 8.4% 8.9% 8.6% 9.0% 9.2% 9.6% 9.3% 9.8% 10.4% 11.0% 10.5% 10.6% 10.57%
Internal Growth Rate 6.5% 6.9% 7.0% 7.3% 8.0% 8.1% 6.4% 5.7% 5.7% 6.0% 5.6% 5.9% 6.0% 6.3% 6.9% 7.3% 7.8% 8.3% 8.4% 8.4% 8.41%
Cash Flow Quality
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 1.78 1.76 1.67 1.25 1.28 1.30 1.31 1.68 1.54 1.53 1.69 1.59 1.65 1.62 1.42 1.36 1.31 1.35 1.40 1.39 1.393
FCF/OCF 0.79 0.78 0.77 0.67 0.68 0.64 0.64 0.70 0.69 0.74 0.79 0.81 0.82 0.82 0.80 0.81 0.82 0.80 0.80 0.80 0.799
FCF/Net Income snapshot only 1.113
OCF/EBITDA snapshot only 0.811
CapEx/Revenue 4.6% 4.7% 4.7% 4.9% 5.1% 5.5% 5.3% 5.3% 5.0% 4.4% 4.1% 3.8% 3.6% 3.7% 3.7% 3.6% 3.5% 3.9% 4.2% 4.2% 4.18%
CapEx/Depreciation snapshot only 0.768
Accruals Ratio -0.06 -0.06 -0.05 -0.02 -0.03 -0.03 -0.02 -0.05 -0.04 -0.04 -0.05 -0.04 -0.05 -0.05 -0.03 -0.03 -0.03 -0.03 -0.04 -0.04 -0.038
Sloan Accruals snapshot only -0.015
Cash Flow Adequacy snapshot only 2.936
Earnings Quality Score snapshot only 1.000
Dividends & Buybacks
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 0.4% 0.4% 0.3% 0.5% 0.5% 0.5% 0.5% 0.6% 0.5% 0.6% 0.5% 0.5% 0.5% 0.4% 0.5% 0.5% 0.5% 0.6% 0.6% 0.6% 0.59%
Dividend/Share $0.57 $0.57 $0.57 $0.64 $0.64 $0.64 $0.64 $0.71 $0.71 $0.70 $0.70 $0.78 $0.78 $0.78 $0.79 $0.86 $0.86 $0.86 $0.88 $0.95 $0.96
Payout Ratio 20.8% 20.0% 19.5% 20.4% 19.1% 19.0% 19.7% 23.1% 23.0% 22.1% 21.1% 22.3% 21.9% 21.0% 19.9% 20.7% 19.8% 19.0% 18.3% 19.5% 19.48%
FCF Payout Ratio 14.9% 14.6% 15.2% 24.2% 21.8% 22.9% 23.5% 19.6% 21.7% 19.5% 15.7% 17.4% 16.1% 15.7% 17.5% 18.8% 18.5% 17.5% 16.3% 17.5% 17.50%
Total Payout Ratio 44.5% 48.2% 56.1% 87.5% 73.9% 66.5% 53.3% 27.8% 27.2% 26.2% 25.2% 27.3% 26.8% 25.8% 24.3% 25.0% 47.2% 55.4% 87.8% 94.1% 94.13%
Div. Increase Streak 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Chowder Number 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.11 0.12 0.12 0.12 0.12 0.11 0.11 0.11 0.11 0.09 0.094
Buyback Yield 0.5% 0.6% 0.6% 1.6% 1.4% 1.3% 0.9% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.7% 1.1% 2.2% 2.2% 2.16%
Net Buyback Yield 0.5% 0.6% 0.6% 1.6% 1.4% 1.3% 0.9% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.7% 1.0% 2.2% 2.0% 2.03%
Total Shareholder Return 1.0% 1.0% 1.0% 2.0% 1.9% 1.9% 1.4% 0.7% 0.6% 0.7% 0.6% 0.6% 0.6% 0.5% 0.6% 0.6% 1.2% 1.6% 2.7% 2.6% 2.60%
DuPont Factors
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 0.78 0.78 0.77 0.76 0.76 0.77 0.79 0.79 0.80 0.80 0.79 0.79 0.79 0.78 0.77 0.77 0.77 0.77 0.78 0.78 0.776
Interest Burden (EBT/EBIT) 0.97 0.98 0.98 0.98 0.98 0.96 0.93 0.89 0.86 0.85 0.86 0.87 0.87 0.89 0.91 0.93 0.94 0.95 0.95 0.95 0.951
EBIT Margin 0.16 0.16 0.16 0.16 0.17 0.16 0.15 0.15 0.15 0.16 0.17 0.18 0.18 0.18 0.19 0.20 0.20 0.20 0.20 0.20 0.202
Asset Turnover 0.64 0.66 0.68 0.71 0.74 0.78 0.67 0.67 0.67 0.66 0.57 0.58 0.58 0.59 0.60 0.61 0.62 0.64 0.63 0.64 0.644
Equity Multiplier 1.48 1.48 1.39 1.39 1.39 1.39 1.56 1.56 1.56 1.56 1.62 1.62 1.62 1.62 1.44 1.44 1.44 1.44 1.36 1.36 1.364
Per Share
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $2.75 $2.86 $2.94 $3.13 $3.36 $3.36 $3.25 $3.06 $3.07 $3.18 $3.34 $3.52 $3.58 $3.71 $3.95 $4.16 $4.36 $4.56 $4.79 $4.90 $4.90
Book Value/Share $25.37 $25.37 $26.80 $27.01 $27.14 $27.10 $28.96 $28.95 $28.93 $28.89 $32.45 $32.30 $32.28 $32.15 $35.33 $35.05 $35.12 $35.16 $38.91 $38.95 $39.81
Tangible Book/Share $5.42 $5.43 $7.90 $7.96 $8.00 $7.98 $-1.37 $-1.37 $-1.37 $-1.37 $2.58 $2.57 $2.57 $2.56 $6.29 $6.24 $6.26 $6.26 $8.59 $8.60 $8.60
Revenue/Share $22.78 $23.48 $24.42 $25.93 $27.13 $28.52 $29.09 $29.18 $29.00 $28.52 $28.40 $28.49 $28.56 $28.75 $29.30 $29.40 $30.11 $30.99 $32.09 $32.75 $32.75
FCF/Share $3.84 $3.93 $3.76 $2.63 $2.94 $2.80 $2.72 $3.60 $3.26 $3.61 $4.49 $4.51 $4.86 $4.96 $4.50 $4.60 $4.68 $4.94 $5.35 $5.45 $5.45
OCF/Share $4.89 $5.02 $4.91 $3.91 $4.31 $4.37 $4.28 $5.13 $4.72 $4.87 $5.66 $5.59 $5.89 $6.01 $5.59 $5.64 $5.72 $6.16 $6.70 $6.82 $6.82
Cash/Share $2.59 $2.59 $3.16 $3.18 $3.19 $3.19 $2.05 $2.05 $2.05 $2.05 $1.98 $1.98 $1.97 $1.97 $1.52 $1.51 $1.51 $1.51 $2.31 $2.31 $2.26
EBITDA/Share $5.19 $5.28 $5.40 $5.65 $5.97 $6.09 $6.05 $5.99 $6.13 $6.37 $6.61 $6.82 $6.84 $6.87 $7.10 $7.22 $7.39 $7.95 $8.21 $8.41 $8.41
Debt/Share $5.27 $5.27 $3.61 $3.63 $3.65 $3.65 $14.22 $14.21 $14.20 $14.18 $10.17 $10.12 $10.12 $10.08 $6.39 $6.34 $6.35 $6.36 $5.94 $5.95 $5.95
Net Debt/Share $2.68 $2.68 $0.45 $0.46 $0.46 $0.46 $12.16 $12.16 $12.15 $12.13 $8.19 $8.15 $8.14 $8.11 $4.87 $4.83 $4.84 $4.85 $3.63 $3.64 $3.64
Academic Models
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 9.378
Altman Z-Prime snapshot only 16.473
Piotroski F-Score 7 7 6 7 8 7 7 7 6 6 5 5 5 6 6 6 6 7 8 9 9
Beneish M-Score -2.64 -2.68 -2.53 -2.41 -2.46 -2.40 -2.33 -2.44 -2.43 -2.44 -2.81 -2.76 -2.79 -2.80 -2.73 -2.67 -2.67 -2.83 -2.30 -2.52 -2.516
Ohlson O-Score snapshot only -9.657
ROIC (Greenblatt) snapshot only 41.79%
Net-Net WC snapshot only $-2.62
EVA snapshot only $34646891.48
Credit
Metric Trend Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only AAA
Credit Score 93.19 94.76 94.88 94.72 95.12 95.13 83.44 80.89 81.40 78.43 83.96 83.61 83.98 83.75 92.69 92.40 94.03 93.68 95.58 95.28 95.277
Credit Grade snapshot only 1
Credit Trend snapshot only 2.878
Implied Spread (bps) snapshot only 50.000
Industry Credit Rank snapshot only 88
Sector Credit Rank snapshot only 92

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