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

FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $183.1M, roughly 1.7× Amphastar Pharmaceuticals, Inc.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 13.3%, a 21.4% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs -1.8%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

AMPH vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.7× larger
FIBK
$313.0M
$183.1M
AMPH
Growing faster (revenue YoY)
FIBK
FIBK
+21.6% gap
FIBK
19.8%
-1.8%
AMPH
Higher net margin
FIBK
FIBK
21.4% more per $
FIBK
34.8%
13.3%
AMPH
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
FIBK
FIBK
Revenue
$183.1M
$313.0M
Net Profit
$24.4M
$108.8M
Gross Margin
46.8%
Operating Margin
19.4%
44.5%
Net Margin
13.3%
34.8%
Revenue YoY
-1.8%
19.8%
Net Profit YoY
-35.7%
108.8%
EPS (diluted)
$0.51
$1.07

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
FIBK
FIBK
Q4 25
$183.1M
$313.0M
Q3 25
$191.8M
$250.5M
Q2 25
$174.4M
$248.3M
Q1 25
$170.5M
$247.0M
Q4 24
$186.5M
$261.3M
Q3 24
$191.2M
$251.9M
Q2 24
$182.4M
$244.3M
Q1 24
$171.8M
$242.2M
Net Profit
AMPH
AMPH
FIBK
FIBK
Q4 25
$24.4M
$108.8M
Q3 25
$17.4M
$71.4M
Q2 25
$31.0M
$71.7M
Q1 25
$25.3M
$50.2M
Q4 24
$38.0M
$52.1M
Q3 24
$40.4M
$55.5M
Q2 24
$37.9M
$60.0M
Q1 24
$43.2M
$58.4M
Gross Margin
AMPH
AMPH
FIBK
FIBK
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
FIBK
FIBK
Q4 25
19.4%
44.5%
Q3 25
13.2%
37.0%
Q2 25
24.2%
37.7%
Q1 25
21.9%
26.9%
Q4 24
24.2%
25.5%
Q3 24
29.8%
28.9%
Q2 24
30.3%
32.1%
Q1 24
27.9%
31.7%
Net Margin
AMPH
AMPH
FIBK
FIBK
Q4 25
13.3%
34.8%
Q3 25
9.0%
28.5%
Q2 25
17.8%
28.9%
Q1 25
14.8%
20.3%
Q4 24
20.4%
19.9%
Q3 24
21.1%
22.0%
Q2 24
20.8%
24.6%
Q1 24
25.1%
24.1%
EPS (diluted)
AMPH
AMPH
FIBK
FIBK
Q4 25
$0.51
$1.07
Q3 25
$0.37
$0.69
Q2 25
$0.64
$0.69
Q1 25
$0.51
$0.49
Q4 24
$0.74
$0.50
Q3 24
$0.78
$0.54
Q2 24
$0.73
$0.58
Q1 24
$0.81
$0.57

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$282.8M
Total DebtLower is stronger
$608.7M
$146.3M
Stockholders' EquityBook value
$788.8M
$3.4B
Total Assets
$1.6B
$26.6B
Debt / EquityLower = less leverage
0.77×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
FIBK
FIBK
Q4 25
$282.8M
Q3 25
$276.2M
Q2 25
$231.8M
Q1 25
$236.9M
Q4 24
$221.6M
Q3 24
$250.5M
Q2 24
$217.8M
Q1 24
$289.6M
Total Debt
AMPH
AMPH
FIBK
FIBK
Q4 25
$608.7M
$146.3M
Q3 25
$608.6M
$146.2M
Q2 25
$607.7M
$252.0M
Q1 25
$603.9M
Q4 24
$601.6M
$132.2M
Q3 24
$596.4M
$137.3M
Q2 24
$586.9M
$383.4M
Q1 24
$594.0M
$370.8M
Stockholders' Equity
AMPH
AMPH
FIBK
FIBK
Q4 25
$788.8M
$3.4B
Q3 25
$776.7M
$3.4B
Q2 25
$757.5M
$3.4B
Q1 25
$751.3M
$3.4B
Q4 24
$732.3M
$3.3B
Q3 24
$727.7M
$3.4B
Q2 24
$713.3M
$3.2B
Q1 24
$672.4M
$3.2B
Total Assets
AMPH
AMPH
FIBK
FIBK
Q4 25
$1.6B
$26.6B
Q3 25
$1.7B
$27.3B
Q2 25
$1.6B
$27.6B
Q1 25
$1.6B
$28.3B
Q4 24
$1.6B
$29.1B
Q3 24
$1.5B
$29.6B
Q2 24
$1.5B
$30.3B
Q1 24
$1.6B
$30.1B
Debt / Equity
AMPH
AMPH
FIBK
FIBK
Q4 25
0.77×
0.04×
Q3 25
0.78×
0.04×
Q2 25
0.80×
0.07×
Q1 25
0.80×
Q4 24
0.82×
0.04×
Q3 24
0.82×
0.04×
Q2 24
0.82×
0.12×
Q1 24
0.88×
0.12×

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
FIBK
FIBK
Operating Cash FlowLast quarter
$32.9M
$305.6M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
2.81×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
FIBK
FIBK
Q4 25
$32.9M
$305.6M
Q3 25
$52.6M
$91.7M
Q2 25
$35.6M
$68.1M
Q1 25
$35.1M
$78.5M
Q4 24
$29.0M
$355.0M
Q3 24
$60.0M
$89.9M
Q2 24
$69.1M
$82.3M
Q1 24
$55.3M
$87.6M
Free Cash Flow
AMPH
AMPH
FIBK
FIBK
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$16.6M
Q3 24
$46.2M
Q2 24
$63.1M
Q1 24
$46.5M
FCF Margin
AMPH
AMPH
FIBK
FIBK
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
8.9%
Q3 24
24.1%
Q2 24
34.6%
Q1 24
27.1%
Capex Intensity
AMPH
AMPH
FIBK
FIBK
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
3.3%
Q1 24
5.1%
Cash Conversion
AMPH
AMPH
FIBK
FIBK
Q4 25
1.35×
2.81×
Q3 25
3.03×
1.28×
Q2 25
1.15×
0.95×
Q1 25
1.39×
1.56×
Q4 24
0.76×
6.81×
Q3 24
1.48×
1.62×
Q2 24
1.82×
1.37×
Q1 24
1.28×
1.50×

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%

FIBK
FIBK

Segment breakdown not available.

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