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

DigitalOcean Holdings, Inc. is the larger business by last-quarter revenue ($242.4M vs $183.1M, roughly 1.3× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 10.6%, a 2.8% gap on every dollar of revenue. On growth, DigitalOcean Holdings, Inc. posted the faster year-over-year revenue change (18.3% vs -1.8%). DigitalOcean Holdings, Inc. produced more free cash flow last quarter ($31.1M vs $24.6M). Over the past eight quarters, DigitalOcean Holdings, Inc.'s revenue compounded faster (14.5% 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.

DigitalOcean Holdings, Inc. is an American multinational technology company and cloud service provider. The company is headquartered in Broomfield, Colorado, US, with 15 globally distributed data centers. DigitalOcean provides developers, startups, and SMBs with cloud infrastructure-as-a-service platforms.

AMPH vs DOCN — Head-to-Head

Bigger by revenue
DOCN
DOCN
1.3× larger
DOCN
$242.4M
$183.1M
AMPH
Growing faster (revenue YoY)
DOCN
DOCN
+20.1% gap
DOCN
18.3%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
2.8% more per $
AMPH
13.3%
10.6%
DOCN
More free cash flow
DOCN
DOCN
$6.5M more FCF
DOCN
$31.1M
$24.6M
AMPH
Faster 2-yr revenue CAGR
DOCN
DOCN
Annualised
DOCN
14.5%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
DOCN
DOCN
Revenue
$183.1M
$242.4M
Net Profit
$24.4M
$25.7M
Gross Margin
46.8%
58.7%
Operating Margin
19.4%
16.0%
Net Margin
13.3%
10.6%
Revenue YoY
-1.8%
18.3%
Net Profit YoY
-35.7%
40.5%
EPS (diluted)
$0.51
$0.23

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
DOCN
DOCN
Q4 25
$183.1M
$242.4M
Q3 25
$191.8M
$229.6M
Q2 25
$174.4M
$218.7M
Q1 25
$170.5M
$210.7M
Q4 24
$186.5M
$204.9M
Q3 24
$191.2M
$198.5M
Q2 24
$182.4M
$192.5M
Q1 24
$171.8M
$184.7M
Net Profit
AMPH
AMPH
DOCN
DOCN
Q4 25
$24.4M
$25.7M
Q3 25
$17.4M
$158.4M
Q2 25
$31.0M
$37.0M
Q1 25
$25.3M
$38.2M
Q4 24
$38.0M
$18.3M
Q3 24
$40.4M
$32.9M
Q2 24
$37.9M
$19.1M
Q1 24
$43.2M
$14.1M
Gross Margin
AMPH
AMPH
DOCN
DOCN
Q4 25
46.8%
58.7%
Q3 25
51.4%
59.6%
Q2 25
49.6%
59.9%
Q1 25
50.0%
61.4%
Q4 24
46.5%
57.1%
Q3 24
53.3%
60.2%
Q2 24
52.2%
61.0%
Q1 24
52.4%
60.7%
Operating Margin
AMPH
AMPH
DOCN
DOCN
Q4 25
19.4%
16.0%
Q3 25
13.2%
19.6%
Q2 25
24.2%
16.3%
Q1 25
21.9%
17.9%
Q4 24
24.2%
15.9%
Q3 24
29.8%
12.4%
Q2 24
30.3%
11.6%
Q1 24
27.9%
6.2%
Net Margin
AMPH
AMPH
DOCN
DOCN
Q4 25
13.3%
10.6%
Q3 25
9.0%
69.0%
Q2 25
17.8%
16.9%
Q1 25
14.8%
18.1%
Q4 24
20.4%
8.9%
Q3 24
21.1%
16.6%
Q2 24
20.8%
9.9%
Q1 24
25.1%
7.7%
EPS (diluted)
AMPH
AMPH
DOCN
DOCN
Q4 25
$0.51
$0.23
Q3 25
$0.37
$1.51
Q2 25
$0.64
$0.39
Q1 25
$0.51
$0.39
Q4 24
$0.74
$0.21
Q3 24
$0.78
$0.33
Q2 24
$0.73
$0.20
Q1 24
$0.81
$0.15

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
DOCN
DOCN
Cash + ST InvestmentsLiquidity on hand
$282.8M
$254.5M
Total DebtLower is stronger
$608.7M
$1.3B
Stockholders' EquityBook value
$788.8M
$-28.7M
Total Assets
$1.6B
$1.8B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
DOCN
DOCN
Q4 25
$282.8M
$254.5M
Q3 25
$276.2M
$236.6M
Q2 25
$231.8M
$387.7M
Q1 25
$236.9M
$360.4M
Q4 24
$221.6M
$428.4M
Q3 24
$250.5M
$439.9M
Q2 24
$217.8M
$443.1M
Q1 24
$289.6M
$419.1M
Total Debt
AMPH
AMPH
DOCN
DOCN
Q4 25
$608.7M
$1.3B
Q3 25
$608.6M
$1.3B
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
$1.5B
Q3 24
$596.4M
Q2 24
$586.9M
Q1 24
$594.0M
Stockholders' Equity
AMPH
AMPH
DOCN
DOCN
Q4 25
$788.8M
$-28.7M
Q3 25
$776.7M
$-69.6M
Q2 25
$757.5M
$-175.2M
Q1 25
$751.3M
$-210.7M
Q4 24
$732.3M
$-203.0M
Q3 24
$727.7M
$-211.7M
Q2 24
$713.3M
$-253.8M
Q1 24
$672.4M
$-286.1M
Total Assets
AMPH
AMPH
DOCN
DOCN
Q4 25
$1.6B
$1.8B
Q3 25
$1.7B
$1.7B
Q2 25
$1.6B
$1.7B
Q1 25
$1.6B
$1.6B
Q4 24
$1.6B
$1.6B
Q3 24
$1.5B
$1.5B
Q2 24
$1.5B
$1.5B
Q1 24
$1.6B
$1.5B
Debt / Equity
AMPH
AMPH
DOCN
DOCN
Q4 25
0.77×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
Q3 24
0.82×
Q2 24
0.82×
Q1 24
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
AMPH
AMPH
DOCN
DOCN
Operating Cash FlowLast quarter
$32.9M
$57.3M
Free Cash FlowOCF − Capex
$24.6M
$31.1M
FCF MarginFCF / Revenue
13.4%
12.8%
Capex IntensityCapex / Revenue
4.5%
10.8%
Cash ConversionOCF / Net Profit
1.35×
2.23×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$180.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
DOCN
DOCN
Q4 25
$32.9M
$57.3M
Q3 25
$52.6M
$95.8M
Q2 25
$35.6M
$92.4M
Q1 25
$35.1M
$64.1M
Q4 24
$29.0M
$71.3M
Q3 24
$60.0M
$73.4M
Q2 24
$69.1M
$71.3M
Q1 24
$55.3M
$66.7M
Free Cash Flow
AMPH
AMPH
DOCN
DOCN
Q4 25
$24.6M
$31.1M
Q3 25
$47.2M
$88.0M
Q2 25
$25.0M
$59.3M
Q1 25
$24.4M
$2.1M
Q4 24
$16.6M
$26.1M
Q3 24
$46.2M
$16.0M
Q2 24
$63.1M
$39.5M
Q1 24
$46.5M
$23.0M
FCF Margin
AMPH
AMPH
DOCN
DOCN
Q4 25
13.4%
12.8%
Q3 25
24.6%
38.3%
Q2 25
14.3%
27.1%
Q1 25
14.3%
1.0%
Q4 24
8.9%
12.7%
Q3 24
24.1%
8.1%
Q2 24
34.6%
20.5%
Q1 24
27.1%
12.5%
Capex Intensity
AMPH
AMPH
DOCN
DOCN
Q4 25
4.5%
10.8%
Q3 25
2.8%
3.4%
Q2 25
6.1%
15.2%
Q1 25
6.3%
29.4%
Q4 24
6.7%
22.1%
Q3 24
7.2%
28.9%
Q2 24
3.3%
16.6%
Q1 24
5.1%
23.6%
Cash Conversion
AMPH
AMPH
DOCN
DOCN
Q4 25
1.35×
2.23×
Q3 25
3.03×
0.60×
Q2 25
1.15×
2.50×
Q1 25
1.39×
1.68×
Q4 24
0.76×
3.91×
Q3 24
1.48×
2.23×
Q2 24
1.82×
3.73×
Q1 24
1.28×
4.72×

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%

DOCN
DOCN

Scalers$84.3M35%
Scalers Plus$69.9M29%
Builders$64.1M26%
Learners Testers And Other$24.1M10%

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