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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $92.1M, roughly 2.0× FLYEXCLUSIVE INC.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -4.6%, a 18.0% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs -1.8%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% 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.

FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.

AMPH vs FLYX — Head-to-Head

Bigger by revenue
AMPH
AMPH
2.0× larger
AMPH
$183.1M
$92.1M
FLYX
Growing faster (revenue YoY)
FLYX
FLYX
+21.6% gap
FLYX
19.8%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
18.0% more per $
AMPH
13.3%
-4.6%
FLYX
More free cash flow
AMPH
AMPH
$35.6M more FCF
AMPH
$24.6M
$-11.0M
FLYX
Faster 2-yr revenue CAGR
FLYX
FLYX
Annualised
FLYX
21.9%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AMPH
AMPH
FLYX
FLYX
Revenue
$183.1M
$92.1M
Net Profit
$24.4M
$-4.3M
Gross Margin
46.8%
13.7%
Operating Margin
19.4%
-12.3%
Net Margin
13.3%
-4.6%
Revenue YoY
-1.8%
19.8%
Net Profit YoY
-35.7%
32.0%
EPS (diluted)
$0.51
$-0.25

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
FLYX
FLYX
Q4 25
$183.1M
Q3 25
$191.8M
$92.1M
Q2 25
$174.4M
$91.3M
Q1 25
$170.5M
$88.1M
Q4 24
$186.5M
Q3 24
$191.2M
$76.9M
Q2 24
$182.4M
$79.0M
Q1 24
$171.8M
$80.0M
Net Profit
AMPH
AMPH
FLYX
FLYX
Q4 25
$24.4M
Q3 25
$17.4M
$-4.3M
Q2 25
$31.0M
$-4.8M
Q1 25
$25.3M
$-5.4M
Q4 24
$38.0M
Q3 24
$40.4M
$-6.3M
Q2 24
$37.9M
$-5.2M
Q1 24
$43.2M
$-5.8M
Gross Margin
AMPH
AMPH
FLYX
FLYX
Q4 25
46.8%
Q3 25
51.4%
13.7%
Q2 25
49.6%
15.0%
Q1 25
50.0%
12.8%
Q4 24
46.5%
Q3 24
53.3%
11.3%
Q2 24
52.2%
7.9%
Q1 24
52.4%
7.2%
Operating Margin
AMPH
AMPH
FLYX
FLYX
Q4 25
19.4%
Q3 25
13.2%
-12.3%
Q2 25
24.2%
-13.5%
Q1 25
21.9%
-16.7%
Q4 24
24.2%
Q3 24
29.8%
-27.2%
Q2 24
30.3%
-27.6%
Q1 24
27.9%
-34.3%
Net Margin
AMPH
AMPH
FLYX
FLYX
Q4 25
13.3%
Q3 25
9.0%
-4.6%
Q2 25
17.8%
-5.2%
Q1 25
14.8%
-6.2%
Q4 24
20.4%
Q3 24
21.1%
-8.2%
Q2 24
20.8%
-6.5%
Q1 24
25.1%
-7.3%
EPS (diluted)
AMPH
AMPH
FLYX
FLYX
Q4 25
$0.51
Q3 25
$0.37
$-0.25
Q2 25
$0.64
$-0.26
Q1 25
$0.51
$-0.30
Q4 24
$0.74
Q3 24
$0.78
$-0.32
Q2 24
$0.73
$-0.32
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
FLYX
FLYX
Cash + ST InvestmentsLiquidity on hand
$282.8M
$18.7M
Total DebtLower is stronger
$608.7M
$123.9M
Stockholders' EquityBook value
$788.8M
$-434.2M
Total Assets
$1.6B
$448.1M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
FLYX
FLYX
Q4 25
$282.8M
Q3 25
$276.2M
$18.7M
Q2 25
$231.8M
$15.8M
Q1 25
$236.9M
$14.7M
Q4 24
$221.6M
Q3 24
$250.5M
$18.7M
Q2 24
$217.8M
$9.3M
Q1 24
$289.6M
$5.3M
Total Debt
AMPH
AMPH
FLYX
FLYX
Q4 25
$608.7M
Q3 25
$608.6M
$123.9M
Q2 25
$607.7M
$111.6M
Q1 25
$603.9M
$121.6M
Q4 24
$601.6M
Q3 24
$596.4M
$197.9M
Q2 24
$586.9M
$206.3M
Q1 24
$594.0M
$209.4M
Stockholders' Equity
AMPH
AMPH
FLYX
FLYX
Q4 25
$788.8M
Q3 25
$776.7M
$-434.2M
Q2 25
$757.5M
$-261.4M
Q1 25
$751.3M
$-281.5M
Q4 24
$732.3M
Q3 24
$727.7M
$-192.0M
Q2 24
$713.3M
$-149.7M
Q1 24
$672.4M
$-149.5M
Total Assets
AMPH
AMPH
FLYX
FLYX
Q4 25
$1.6B
Q3 25
$1.7B
$448.1M
Q2 25
$1.6B
$443.4M
Q1 25
$1.6B
$466.8M
Q4 24
$1.6B
Q3 24
$1.5B
$487.1M
Q2 24
$1.5B
$494.7M
Q1 24
$1.6B
$524.1M
Debt / Equity
AMPH
AMPH
FLYX
FLYX
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
FLYX
FLYX
Operating Cash FlowLast quarter
$32.9M
$-209.0K
Free Cash FlowOCF − Capex
$24.6M
$-11.0M
FCF MarginFCF / Revenue
13.4%
-12.0%
Capex IntensityCapex / Revenue
4.5%
11.7%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$-51.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
FLYX
FLYX
Q4 25
$32.9M
Q3 25
$52.6M
$-209.0K
Q2 25
$35.6M
$363.0K
Q1 25
$35.1M
$-10.5M
Q4 24
$29.0M
Q3 24
$60.0M
$-12.3M
Q2 24
$69.1M
$-16.2M
Q1 24
$55.3M
$-26.0M
Free Cash Flow
AMPH
AMPH
FLYX
FLYX
Q4 25
$24.6M
Q3 25
$47.2M
$-11.0M
Q2 25
$25.0M
$353.0K
Q1 25
$24.4M
$-14.6M
Q4 24
$16.6M
Q3 24
$46.2M
$-25.7M
Q2 24
$63.1M
$-26.6M
Q1 24
$46.5M
$-64.5M
FCF Margin
AMPH
AMPH
FLYX
FLYX
Q4 25
13.4%
Q3 25
24.6%
-12.0%
Q2 25
14.3%
0.4%
Q1 25
14.3%
-16.5%
Q4 24
8.9%
Q3 24
24.1%
-33.5%
Q2 24
34.6%
-33.7%
Q1 24
27.1%
-80.6%
Capex Intensity
AMPH
AMPH
FLYX
FLYX
Q4 25
4.5%
Q3 25
2.8%
11.7%
Q2 25
6.1%
0.0%
Q1 25
6.3%
4.7%
Q4 24
6.7%
Q3 24
7.2%
17.5%
Q2 24
3.3%
13.2%
Q1 24
5.1%
48.2%
Cash Conversion
AMPH
AMPH
FLYX
FLYX
Q4 25
1.35×
Q3 25
3.03×
Q2 25
1.15×
Q1 25
1.39×
Q4 24
0.76×
Q3 24
1.48×
Q2 24
1.82×
Q1 24
1.28×

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%

FLYX
FLYX

Segment breakdown not available.

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