BOSTON ( TheStreet) -- The Russell Mid-Cap Index outperformed the Dow Jones Industrial Average and S&P 500 Index in 2009. Shares of the following medium-sized companies are likely to beat indices in 2010.

5. Check Point Software Technologies ( CHKP) designs Internet-security programs.

The numbers: Third-quarter profit increased 14% to $91 million, or 43 cents a share, as revenue grew 17% to $234 million. Check Point's operating margin remained steady at 45%. The company has an ideal financial position, with $957 million of cash and no debt. Fourth-quarter results will be released today.

The stock: Check Point appreciated 43% during the past year, beating the Dow Jones Industrial Average and S&P 500 Index. The stock trades at a price-to-earnings ratio of 21, a discount to software peers. Check Point doesn't pay dividends.

4. Bio-Reference Laboratories ( BRLI) provides clinical-testing services in the New York metropolitan area.

The numbers: Fiscal fourth-quarter net income increased 37% to $7.2 million, and earnings per share rose 34% to 51 cents. Revenue advanced 26% to $102 million. Bio-Reference's operating margin ascended from 12% to 13%. The company has a stable financial position, with a quick ratio of 1.9 and a debt-to-equity ratio of 0.2.

The stock: Bio-Reference Laboratories increased 52% during the past year, outpacing major U.S. indices. The stock trades at a price-to-earnings ratio of 24, a premium to health-care-service peers. Bio-Reference doesn't pay dividends.

3. Edwards Lifesciences ( EW) sells cardiovascular devices.

The numbers: Third-quarter profit more than doubled to $74 million, or $1.25 a share. Revenue advanced 7% to $326 million. The company's operating margin widened from 15% to 17%. Edwards has a liquid balance sheet, with $290 million of cash and $102 million of debt.

The stock: Edwards Lifesciences increased 58% in the past 12 months, more than major U.S. indices. The stock trades at a price-to-earnings ratio of 24, a discount to health-care-equipment peers. Edwards doesn't pay dividends.

2. Church & Dwight ( CHD) sells household products.

The numbers: Third-quarter profit soared 43% to $70 million, or 98 cents a share. Revenue inched up 2% to $646 million. Church & Dwight's operating margin ascended from 15% to 18%. A quick ratio of 1.1 indicates adequate liquidity. A debt-to-equity ratio of 0.5 reflects conservative leverage.

The stock: Church & Dwight rose 13% during the past year, trailing major U.S. indices. The stock trades at a price-to-earnings ratio of 19, a premium to household products peers. The shares offer a 0.9% dividend yield.

1. Balchem ( BCPC) sells specialty chemicals.

The numbers: Third-quarter profit increased 43% to $6.9 million, or 36 cents a share. Revenue dropped 7% to $54 million. Balchem's operating margin climbed from 12% to 19%. The company has an admirable financial position, with $39 million of cash and $6.6 million of debt.

The stock: Balchem advanced 30% in the past year, outperforming the Dow and S&P 500. The stock trades at a price-to-earnings ratio of 23, a discount to chemical peers. The shares offer a 0.4% dividend yield.

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