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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and BLACKBAUD INC (BLKB). Click either name above to swap in a different company.

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $183.1M, roughly 1.5× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 11.1%, a 2.3% gap on every dollar of revenue. On growth, BLACKBAUD INC posted the faster year-over-year revenue change (4.2% vs -1.8%). BLACKBAUD INC produced more free cash flow last quarter ($37.0M vs $24.6M). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs -1.1%).

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.

Blackbaud, Inc. is a cloud computing provider that supports nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.

AMPH vs BLKB — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.5× larger
BLKB
$281.1M
$183.1M
AMPH
Growing faster (revenue YoY)
BLKB
BLKB
+6.0% gap
BLKB
4.2%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
2.3% more per $
AMPH
13.3%
11.1%
BLKB
More free cash flow
BLKB
BLKB
$12.4M more FCF
BLKB
$37.0M
$24.6M
AMPH
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
-1.1%
BLKB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMPH
AMPH
BLKB
BLKB
Revenue
$183.1M
$281.1M
Net Profit
$24.4M
$31.1M
Gross Margin
46.8%
59.2%
Operating Margin
19.4%
18.3%
Net Margin
13.3%
11.1%
Revenue YoY
-1.8%
4.2%
Net Profit YoY
-35.7%
620.3%
EPS (diluted)
$0.51
$0.67

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
AMPH
AMPH
BLKB
BLKB
Q1 26
$281.1M
Q4 25
$183.1M
$295.3M
Q3 25
$191.8M
$281.1M
Q2 25
$174.4M
$282.0M
Q1 25
$170.5M
$269.9M
Q4 24
$186.5M
$302.1M
Q3 24
$191.2M
$286.6M
Q2 24
$182.4M
$287.3M
Net Profit
AMPH
AMPH
BLKB
BLKB
Q1 26
$31.1M
Q4 25
$24.4M
$36.7M
Q3 25
$17.4M
$47.5M
Q2 25
$31.0M
$26.5M
Q1 25
$25.3M
$4.3M
Q4 24
$38.0M
$-346.4M
Q3 24
$40.4M
$18.3M
Q2 24
$37.9M
$21.2M
Gross Margin
AMPH
AMPH
BLKB
BLKB
Q1 26
59.2%
Q4 25
46.8%
58.3%
Q3 25
51.4%
59.6%
Q2 25
49.6%
59.7%
Q1 25
50.0%
57.5%
Q4 24
46.5%
53.8%
Q3 24
53.3%
54.9%
Q2 24
52.2%
56.0%
Operating Margin
AMPH
AMPH
BLKB
BLKB
Q1 26
18.3%
Q4 25
19.4%
20.0%
Q3 25
13.2%
19.4%
Q2 25
24.2%
20.3%
Q1 25
21.9%
7.3%
Q4 24
24.2%
-121.5%
Q3 24
29.8%
14.4%
Q2 24
30.3%
14.4%
Net Margin
AMPH
AMPH
BLKB
BLKB
Q1 26
11.1%
Q4 25
13.3%
12.4%
Q3 25
9.0%
16.9%
Q2 25
17.8%
9.4%
Q1 25
14.8%
1.6%
Q4 24
20.4%
-114.6%
Q3 24
21.1%
6.4%
Q2 24
20.8%
7.4%
EPS (diluted)
AMPH
AMPH
BLKB
BLKB
Q1 26
$0.67
Q4 25
$0.51
$0.75
Q3 25
$0.37
$0.98
Q2 25
$0.64
$0.55
Q1 25
$0.51
$0.09
Q4 24
$0.74
$-6.82
Q3 24
$0.78
$0.35
Q2 24
$0.73
$0.41

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
BLKB
BLKB
Cash + ST InvestmentsLiquidity on hand
$282.8M
$34.1M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$34.6M
Total Assets
$1.6B
$2.1B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
BLKB
BLKB
Q1 26
$34.1M
Q4 25
$282.8M
$38.9M
Q3 25
$276.2M
$38.3M
Q2 25
$231.8M
$41.6M
Q1 25
$236.9M
$37.2M
Q4 24
$221.6M
$67.6M
Q3 24
$250.5M
$34.6M
Q2 24
$217.8M
$30.4M
Total Debt
AMPH
AMPH
BLKB
BLKB
Q1 26
Q4 25
$608.7M
$1.1B
Q3 25
$608.6M
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
$1.1B
Q3 24
$596.4M
$1.0B
Q2 24
$586.9M
$1.0B
Stockholders' Equity
AMPH
AMPH
BLKB
BLKB
Q1 26
$34.6M
Q4 25
$788.8M
$85.1M
Q3 25
$776.7M
$108.2M
Q2 25
$757.5M
$72.7M
Q1 25
$751.3M
$17.5M
Q4 24
$732.3M
$126.8M
Q3 24
$727.7M
$544.8M
Q2 24
$713.3M
$577.5M
Total Assets
AMPH
AMPH
BLKB
BLKB
Q1 26
$2.1B
Q4 25
$1.6B
$2.4B
Q3 25
$1.7B
$2.1B
Q2 25
$1.6B
$2.6B
Q1 25
$1.6B
$2.1B
Q4 24
$1.6B
$2.5B
Q3 24
$1.5B
$2.6B
Q2 24
$1.5B
$3.0B
Debt / Equity
AMPH
AMPH
BLKB
BLKB
Q1 26
Q4 25
0.77×
13.06×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
8.50×
Q3 24
0.82×
1.84×
Q2 24
0.82×
1.78×

Cash Flow & Capital Efficiency

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

Metric
AMPH
AMPH
BLKB
BLKB
Operating Cash FlowLast quarter
$32.9M
$51.5M
Free Cash FlowOCF − Capex
$24.6M
$37.0M
FCF MarginFCF / Revenue
13.4%
13.2%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
BLKB
BLKB
Q1 26
$51.5M
Q4 25
$32.9M
$58.0M
Q3 25
$52.6M
$139.2M
Q2 25
$35.6M
$66.9M
Q1 25
$35.1M
$1.4M
Q4 24
$29.0M
$73.6M
Q3 24
$60.0M
$104.0M
Q2 24
$69.1M
$53.1M
Free Cash Flow
AMPH
AMPH
BLKB
BLKB
Q1 26
$37.0M
Q4 25
$24.6M
$55.0M
Q3 25
$47.2M
$135.7M
Q2 25
$25.0M
$66.3M
Q1 25
$24.4M
$712.0K
Q4 24
$16.6M
$73.4M
Q3 24
$46.2M
$102.9M
Q2 24
$63.1M
$48.0M
FCF Margin
AMPH
AMPH
BLKB
BLKB
Q1 26
13.2%
Q4 25
13.4%
18.6%
Q3 25
24.6%
48.3%
Q2 25
14.3%
23.5%
Q1 25
14.3%
0.3%
Q4 24
8.9%
24.3%
Q3 24
24.1%
35.9%
Q2 24
34.6%
16.7%
Capex Intensity
AMPH
AMPH
BLKB
BLKB
Q1 26
Q4 25
4.5%
1.0%
Q3 25
2.8%
1.2%
Q2 25
6.1%
0.2%
Q1 25
6.3%
0.3%
Q4 24
6.7%
0.1%
Q3 24
7.2%
0.4%
Q2 24
3.3%
1.8%
Cash Conversion
AMPH
AMPH
BLKB
BLKB
Q1 26
1.65×
Q4 25
1.35×
1.58×
Q3 25
3.03×
2.93×
Q2 25
1.15×
2.53×
Q1 25
1.39×
0.32×
Q4 24
0.76×
Q3 24
1.48×
5.69×
Q2 24
1.82×
2.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMPH
AMPH

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

BLKB
BLKB

Segment breakdown not available.

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