• Balchem average net profit margin for 2023 was 10.97%, a 7.58% increase from 2022.
• Balchem average net profit margin for 2022 was 11.87%, a 2.22% decline from 2021.
• Balchem average net profit margin for 2021 was 12.14%, a 0% decline from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.