• Balchem average pre-tax profit margin for 2023 was 13.76%, a 10.47% increase from 2022.
• Balchem average pre-tax profit margin for 2022 was 15.37%, a 1.73% decline from 2021.
• Balchem average pre-tax profit margin for 2021 was 15.64%, a 7.49% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.