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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Amphastar Pharmaceuticals, Inc. (AMPH). Click either name above to swap in a different company.

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $107.5M, roughly 1.7× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -1.8%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs 3.2%).

The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

AGM vs AMPH — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.7× larger
AMPH
$183.1M
$107.5M
AGM
Growing faster (revenue YoY)
AGM
AGM
+8.0% gap
AGM
6.1%
-1.8%
AMPH
Faster 2-yr revenue CAGR
AGM
AGM
Annualised
AGM
7.1%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGM
AGM
AMPH
AMPH
Revenue
$107.5M
$183.1M
Net Profit
$24.4M
Gross Margin
46.8%
Operating Margin
56.3%
19.4%
Net Margin
13.3%
Revenue YoY
6.1%
-1.8%
Net Profit YoY
-35.7%
EPS (diluted)
$3.69
$0.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AGM
AGM
AMPH
AMPH
Q4 25
$107.5M
$183.1M
Q3 25
$104.0M
$191.8M
Q2 25
$102.6M
$174.4M
Q1 25
$94.3M
$170.5M
Q4 24
$101.3M
$186.5M
Q3 24
$90.3M
$191.2M
Q2 24
$89.9M
$182.4M
Q1 24
$93.7M
$171.8M
Net Profit
AGM
AGM
AMPH
AMPH
Q4 25
$24.4M
Q3 25
$55.0M
$17.4M
Q2 25
$54.8M
$31.0M
Q1 25
$49.7M
$25.3M
Q4 24
$56.5M
$38.0M
Q3 24
$49.8M
$40.4M
Q2 24
$47.1M
$37.9M
Q1 24
$53.7M
$43.2M
Gross Margin
AGM
AGM
AMPH
AMPH
Q4 25
46.8%
Q3 25
51.4%
Q2 25
49.6%
Q1 25
50.0%
Q4 24
46.5%
Q3 24
53.3%
Q2 24
52.2%
Q1 24
52.4%
Operating Margin
AGM
AGM
AMPH
AMPH
Q4 25
56.3%
19.4%
Q3 25
64.1%
13.2%
Q2 25
63.8%
24.2%
Q1 25
66.9%
21.9%
Q4 24
67.5%
24.2%
Q3 24
69.0%
29.8%
Q2 24
65.9%
30.3%
Q1 24
72.8%
27.9%
Net Margin
AGM
AGM
AMPH
AMPH
Q4 25
13.3%
Q3 25
52.9%
9.0%
Q2 25
53.4%
17.8%
Q1 25
52.6%
14.8%
Q4 24
55.8%
20.4%
Q3 24
55.2%
21.1%
Q2 24
52.4%
20.8%
Q1 24
57.4%
25.1%
EPS (diluted)
AGM
AGM
AMPH
AMPH
Q4 25
$3.69
$0.51
Q3 25
$4.44
$0.37
Q2 25
$4.48
$0.64
Q1 25
$4.01
$0.51
Q4 24
$4.62
$0.74
Q3 24
$3.86
$0.78
Q2 24
$3.68
$0.73
Q1 24
$4.28
$0.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AGM
AGM
AMPH
AMPH
Cash + ST InvestmentsLiquidity on hand
$282.8M
Total DebtLower is stronger
$30.8B
$608.7M
Stockholders' EquityBook value
$1.7B
$788.8M
Total Assets
$35.4B
$1.6B
Debt / EquityLower = less leverage
17.93×
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGM
AGM
AMPH
AMPH
Q4 25
$282.8M
Q3 25
$276.2M
Q2 25
$231.8M
Q1 25
$236.9M
Q4 24
$221.6M
Q3 24
$842.1M
$250.5M
Q2 24
$923.0M
$217.8M
Q1 24
$745.1M
$289.6M
Total Debt
AGM
AGM
AMPH
AMPH
Q4 25
$30.8B
$608.7M
Q3 25
$29.2B
$608.6M
Q2 25
$28.9B
$607.7M
Q1 25
$28.0B
$603.9M
Q4 24
$27.5B
$601.6M
Q3 24
$27.2B
$596.4M
Q2 24
$26.8B
$586.9M
Q1 24
$26.8B
$594.0M
Stockholders' Equity
AGM
AGM
AMPH
AMPH
Q4 25
$1.7B
$788.8M
Q3 25
$1.7B
$776.7M
Q2 25
$1.5B
$757.5M
Q1 25
$1.5B
$751.3M
Q4 24
$1.5B
$732.3M
Q3 24
$1.5B
$727.7M
Q2 24
$1.5B
$713.3M
Q1 24
$1.5B
$672.4M
Total Assets
AGM
AGM
AMPH
AMPH
Q4 25
$35.4B
$1.6B
Q3 25
$33.4B
$1.7B
Q2 25
$33.0B
$1.6B
Q1 25
$31.8B
$1.6B
Q4 24
$31.3B
$1.6B
Q3 24
$30.6B
$1.5B
Q2 24
$30.2B
$1.5B
Q1 24
$29.8B
$1.6B
Debt / Equity
AGM
AGM
AMPH
AMPH
Q4 25
17.93×
0.77×
Q3 25
17.31×
0.78×
Q2 25
18.70×
0.80×
Q1 25
18.39×
0.80×
Q4 24
18.48×
0.82×
Q3 24
18.60×
0.82×
Q2 24
17.87×
0.82×
Q1 24
18.11×
0.88×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AGM
AGM
AMPH
AMPH
Operating Cash FlowLast quarter
$80.1M
$32.9M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
0.0%
4.5%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGM
AGM
AMPH
AMPH
Q4 25
$80.1M
$32.9M
Q3 25
$74.2M
$52.6M
Q2 25
$-47.7M
$35.6M
Q1 25
$-49.8M
$35.1M
Q4 24
$612.6M
$29.0M
Q3 24
$-44.4M
$60.0M
Q2 24
$56.1M
$69.1M
Q1 24
$233.3M
$55.3M
Free Cash Flow
AGM
AGM
AMPH
AMPH
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$607.4M
$16.6M
Q3 24
$-44.4M
$46.2M
Q2 24
$52.6M
$63.1M
Q1 24
$231.7M
$46.5M
FCF Margin
AGM
AGM
AMPH
AMPH
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
599.8%
8.9%
Q3 24
-49.2%
24.1%
Q2 24
58.5%
34.6%
Q1 24
247.3%
27.1%
Capex Intensity
AGM
AGM
AMPH
AMPH
Q4 25
0.0%
4.5%
Q3 25
0.0%
2.8%
Q2 25
0.0%
6.1%
Q1 25
0.0%
6.3%
Q4 24
5.2%
6.7%
Q3 24
0.1%
7.2%
Q2 24
4.0%
3.3%
Q1 24
1.7%
5.1%
Cash Conversion
AGM
AGM
AMPH
AMPH
Q4 25
1.35×
Q3 25
1.35×
3.03×
Q2 25
-0.87×
1.15×
Q1 25
-1.00×
1.39×
Q4 24
10.84×
0.76×
Q3 24
-0.89×
1.48×
Q2 24
1.19×
1.82×
Q1 24
4.34×
1.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AGM
AGM

Segment breakdown not available.

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

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