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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and Broadstone Net Lease, Inc. (BNL). Click either name above to swap in a different company.

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $118.3M, roughly 1.5× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 28.0% vs 13.3%, a 14.7% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (5.5% vs -1.8%). Broadstone Net Lease, Inc. produced more free cash flow last quarter ($269.8M vs $24.6M). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (6.0% CAGR vs 3.2%).

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.

Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.

AMPH vs BNL — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.5× larger
AMPH
$183.1M
$118.3M
BNL
Growing faster (revenue YoY)
BNL
BNL
+7.3% gap
BNL
5.5%
-1.8%
AMPH
Higher net margin
BNL
BNL
14.7% more per $
BNL
28.0%
13.3%
AMPH
More free cash flow
BNL
BNL
$245.2M more FCF
BNL
$269.8M
$24.6M
AMPH
Faster 2-yr revenue CAGR
BNL
BNL
Annualised
BNL
6.0%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
BNL
BNL
Revenue
$183.1M
$118.3M
Net Profit
$24.4M
$33.1M
Gross Margin
46.8%
Operating Margin
19.4%
Net Margin
13.3%
28.0%
Revenue YoY
-1.8%
5.5%
Net Profit YoY
-35.7%
25.5%
EPS (diluted)
$0.51
$0.17

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
BNL
BNL
Q4 25
$183.1M
$118.3M
Q3 25
$191.8M
$114.2M
Q2 25
$174.4M
$113.0M
Q1 25
$170.5M
$108.7M
Q4 24
$186.5M
$112.1M
Q3 24
$191.2M
$108.4M
Q2 24
$182.4M
$105.9M
Q1 24
$171.8M
$105.4M
Net Profit
AMPH
AMPH
BNL
BNL
Q4 25
$24.4M
$33.1M
Q3 25
$17.4M
$26.5M
Q2 25
$31.0M
$20.2M
Q1 25
$25.3M
$16.7M
Q4 24
$38.0M
$26.4M
Q3 24
$40.4M
$35.6M
Q2 24
$37.9M
$35.3M
Q1 24
$43.2M
$65.1M
Gross Margin
AMPH
AMPH
BNL
BNL
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
AMPH
AMPH
BNL
BNL
Q4 25
19.4%
Q3 25
13.2%
Q2 25
24.2%
Q1 25
21.9%
Q4 24
24.2%
Q3 24
29.8%
Q2 24
30.3%
Q1 24
27.9%
Net Margin
AMPH
AMPH
BNL
BNL
Q4 25
13.3%
28.0%
Q3 25
9.0%
23.2%
Q2 25
17.8%
17.8%
Q1 25
14.8%
15.4%
Q4 24
20.4%
23.5%
Q3 24
21.1%
32.8%
Q2 24
20.8%
33.4%
Q1 24
25.1%
61.8%
EPS (diluted)
AMPH
AMPH
BNL
BNL
Q4 25
$0.51
$0.17
Q3 25
$0.37
$0.14
Q2 25
$0.64
$0.10
Q1 25
$0.51
$0.09
Q4 24
$0.74
$0.13
Q3 24
$0.78
$0.19
Q2 24
$0.73
$0.19
Q1 24
$0.81
$0.35

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
BNL
BNL
Cash + ST InvestmentsLiquidity on hand
$282.8M
$30.5M
Total DebtLower is stronger
$608.7M
$2.5B
Stockholders' EquityBook value
$788.8M
$2.9B
Total Assets
$1.6B
$5.7B
Debt / EquityLower = less leverage
0.77×
0.87×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
BNL
BNL
Q4 25
$282.8M
$30.5M
Q3 25
$276.2M
$82.0M
Q2 25
$231.8M
$20.8M
Q1 25
$236.9M
$9.6M
Q4 24
$221.6M
$14.8M
Q3 24
$250.5M
$9.0M
Q2 24
$217.8M
$18.3M
Q1 24
$289.6M
$221.7M
Total Debt
AMPH
AMPH
BNL
BNL
Q4 25
$608.7M
$2.5B
Q3 25
$608.6M
$2.4B
Q2 25
$607.7M
$2.1B
Q1 25
$603.9M
$2.0B
Q4 24
$601.6M
$1.9B
Q3 24
$596.4M
$2.0B
Q2 24
$586.9M
$1.9B
Q1 24
$594.0M
$1.9B
Stockholders' Equity
AMPH
AMPH
BNL
BNL
Q4 25
$788.8M
$2.9B
Q3 25
$776.7M
$2.9B
Q2 25
$757.5M
$2.9B
Q1 25
$751.3M
$2.9B
Q4 24
$732.3M
$3.0B
Q3 24
$727.7M
$3.0B
Q2 24
$713.3M
$3.1B
Q1 24
$672.4M
$3.1B
Total Assets
AMPH
AMPH
BNL
BNL
Q4 25
$1.6B
$5.7B
Q3 25
$1.7B
$5.5B
Q2 25
$1.6B
$5.3B
Q1 25
$1.6B
$5.2B
Q4 24
$1.6B
$5.2B
Q3 24
$1.5B
$5.3B
Q2 24
$1.5B
$5.3B
Q1 24
$1.6B
$5.3B
Debt / Equity
AMPH
AMPH
BNL
BNL
Q4 25
0.77×
0.87×
Q3 25
0.78×
0.82×
Q2 25
0.80×
0.73×
Q1 25
0.80×
0.68×
Q4 24
0.82×
0.64×
Q3 24
0.82×
0.65×
Q2 24
0.82×
0.62×
Q1 24
0.88×
0.62×

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
BNL
BNL
Operating Cash FlowLast quarter
$32.9M
$299.5M
Free Cash FlowOCF − Capex
$24.6M
$269.8M
FCF MarginFCF / Revenue
13.4%
228.1%
Capex IntensityCapex / Revenue
4.5%
25.1%
Cash ConversionOCF / Net Profit
1.35×
9.04×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$461.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
BNL
BNL
Q4 25
$32.9M
$299.5M
Q3 25
$52.6M
$64.2M
Q2 25
$35.6M
$79.3M
Q1 25
$35.1M
$71.5M
Q4 24
$29.0M
$276.3M
Q3 24
$60.0M
$67.3M
Q2 24
$69.1M
$74.2M
Q1 24
$55.3M
$70.9M
Free Cash Flow
AMPH
AMPH
BNL
BNL
Q4 25
$24.6M
$269.8M
Q3 25
$47.2M
$58.0M
Q2 25
$25.0M
$76.7M
Q1 25
$24.4M
$57.1M
Q4 24
$16.6M
$259.5M
Q3 24
$46.2M
$60.3M
Q2 24
$63.1M
$74.0M
Q1 24
$46.5M
$67.7M
FCF Margin
AMPH
AMPH
BNL
BNL
Q4 25
13.4%
228.1%
Q3 25
24.6%
50.8%
Q2 25
14.3%
67.9%
Q1 25
14.3%
52.5%
Q4 24
8.9%
231.4%
Q3 24
24.1%
55.6%
Q2 24
34.6%
69.9%
Q1 24
27.1%
64.3%
Capex Intensity
AMPH
AMPH
BNL
BNL
Q4 25
4.5%
25.1%
Q3 25
2.8%
5.4%
Q2 25
6.1%
2.3%
Q1 25
6.3%
13.2%
Q4 24
6.7%
15.0%
Q3 24
7.2%
6.5%
Q2 24
3.3%
0.2%
Q1 24
5.1%
3.0%
Cash Conversion
AMPH
AMPH
BNL
BNL
Q4 25
1.35×
9.04×
Q3 25
3.03×
2.43×
Q2 25
1.15×
3.93×
Q1 25
1.39×
4.27×
Q4 24
0.76×
10.47×
Q3 24
1.48×
1.89×
Q2 24
1.82×
2.10×
Q1 24
1.28×
1.09×

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%

BNL
BNL

Other$66.9M57%
Two Thousand Twenty Four Atm Program$51.4M43%

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