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

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $183.1M, roughly 1.5× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 5.6%, a 7.7% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs -1.8%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $-157.1M). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs -9.6%).

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.

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

AMPH vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.5× larger
FOR
$273.0M
$183.1M
AMPH
Growing faster (revenue YoY)
FOR
FOR
+10.9% gap
FOR
9.0%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
7.7% more per $
AMPH
13.3%
5.6%
FOR
More free cash flow
AMPH
AMPH
$181.7M more FCF
AMPH
$24.6M
$-157.1M
FOR
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMPH
AMPH
FOR
FOR
Revenue
$183.1M
$273.0M
Net Profit
$24.4M
$15.4M
Gross Margin
46.8%
20.1%
Operating Margin
19.4%
7.6%
Net Margin
13.3%
5.6%
Revenue YoY
-1.8%
9.0%
Net Profit YoY
-35.7%
-6.7%
EPS (diluted)
$0.51
$0.30

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
FOR
FOR
Q4 25
$183.1M
$273.0M
Q3 25
$191.8M
$670.5M
Q2 25
$174.4M
$390.5M
Q1 25
$170.5M
$351.0M
Q4 24
$186.5M
$250.4M
Q3 24
$191.2M
$551.3M
Q2 24
$182.4M
$318.4M
Q1 24
$171.8M
$333.8M
Net Profit
AMPH
AMPH
FOR
FOR
Q4 25
$24.4M
$15.4M
Q3 25
$17.4M
$86.9M
Q2 25
$31.0M
$32.9M
Q1 25
$25.3M
$31.6M
Q4 24
$38.0M
$16.5M
Q3 24
$40.4M
$81.5M
Q2 24
$37.9M
$38.7M
Q1 24
$43.2M
$45.0M
Gross Margin
AMPH
AMPH
FOR
FOR
Q4 25
46.8%
20.1%
Q3 25
51.4%
22.3%
Q2 25
49.6%
20.4%
Q1 25
50.0%
22.6%
Q4 24
46.5%
22.0%
Q3 24
53.3%
23.9%
Q2 24
52.2%
22.5%
Q1 24
52.4%
24.9%
Operating Margin
AMPH
AMPH
FOR
FOR
Q4 25
19.4%
7.6%
Q3 25
13.2%
16.9%
Q2 25
24.2%
11.2%
Q1 25
21.9%
11.6%
Q4 24
24.2%
8.7%
Q3 24
29.8%
19.7%
Q2 24
30.3%
16.2%
Q1 24
27.9%
17.6%
Net Margin
AMPH
AMPH
FOR
FOR
Q4 25
13.3%
5.6%
Q3 25
9.0%
13.0%
Q2 25
17.8%
8.4%
Q1 25
14.8%
9.0%
Q4 24
20.4%
6.6%
Q3 24
21.1%
14.8%
Q2 24
20.8%
12.2%
Q1 24
25.1%
13.5%
EPS (diluted)
AMPH
AMPH
FOR
FOR
Q4 25
$0.51
$0.30
Q3 25
$0.37
$1.70
Q2 25
$0.64
$0.65
Q1 25
$0.51
$0.62
Q4 24
$0.74
$0.32
Q3 24
$0.78
$1.59
Q2 24
$0.73
$0.76
Q1 24
$0.81
$0.89

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$282.8M
$211.7M
Total DebtLower is stronger
$608.7M
$793.2M
Stockholders' EquityBook value
$788.8M
$1.8B
Total Assets
$1.6B
$3.2B
Debt / EquityLower = less leverage
0.77×
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
FOR
FOR
Q4 25
$282.8M
$211.7M
Q3 25
$276.2M
$379.2M
Q2 25
$231.8M
$189.2M
Q1 25
$236.9M
$174.3M
Q4 24
$221.6M
$132.0M
Q3 24
$250.5M
$481.2M
Q2 24
$217.8M
$359.2M
Q1 24
$289.6M
$416.2M
Total Debt
AMPH
AMPH
FOR
FOR
Q4 25
$608.7M
$793.2M
Q3 25
$608.6M
$802.7M
Q2 25
$607.7M
$872.8M
Q1 25
$603.9M
$872.5M
Q4 24
$601.6M
$806.8M
Q3 24
$596.4M
$706.4M
Q2 24
$586.9M
$706.1M
Q1 24
$594.0M
$705.7M
Stockholders' Equity
AMPH
AMPH
FOR
FOR
Q4 25
$788.8M
$1.8B
Q3 25
$776.7M
$1.8B
Q2 25
$757.5M
$1.7B
Q1 25
$751.3M
$1.6B
Q4 24
$732.3M
$1.6B
Q3 24
$727.7M
$1.6B
Q2 24
$713.3M
$1.5B
Q1 24
$672.4M
$1.5B
Total Assets
AMPH
AMPH
FOR
FOR
Q4 25
$1.6B
$3.2B
Q3 25
$1.7B
$3.1B
Q2 25
$1.6B
$3.1B
Q1 25
$1.6B
$3.0B
Q4 24
$1.6B
$3.0B
Q3 24
$1.5B
$2.8B
Q2 24
$1.5B
$2.7B
Q1 24
$1.6B
$2.6B
Debt / Equity
AMPH
AMPH
FOR
FOR
Q4 25
0.77×
0.44×
Q3 25
0.78×
0.45×
Q2 25
0.80×
0.52×
Q1 25
0.80×
0.53×
Q4 24
0.82×
0.50×
Q3 24
0.82×
0.44×
Q2 24
0.82×
0.47×
Q1 24
0.88×
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$32.9M
$-157.0M
Free Cash FlowOCF − Capex
$24.6M
$-157.1M
FCF MarginFCF / Revenue
13.4%
-57.5%
Capex IntensityCapex / Revenue
4.5%
0.0%
Cash ConversionOCF / Net Profit
1.35×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
FOR
FOR
Q4 25
$32.9M
$-157.0M
Q3 25
$52.6M
$256.3M
Q2 25
$35.6M
$15.8M
Q1 25
$35.1M
$-19.8M
Q4 24
$29.0M
$-450.0M
Q3 24
$60.0M
$119.2M
Q2 24
$69.1M
$-61.7M
Q1 24
$55.3M
$-59.2M
Free Cash Flow
AMPH
AMPH
FOR
FOR
Q4 25
$24.6M
$-157.1M
Q3 25
$47.2M
$255.6M
Q2 25
$25.0M
$15.0M
Q1 25
$24.4M
$-20.5M
Q4 24
$16.6M
Q3 24
$46.2M
$118.4M
Q2 24
$63.1M
$-62.3M
Q1 24
$46.5M
$-59.8M
FCF Margin
AMPH
AMPH
FOR
FOR
Q4 25
13.4%
-57.5%
Q3 25
24.6%
38.1%
Q2 25
14.3%
3.8%
Q1 25
14.3%
-5.8%
Q4 24
8.9%
Q3 24
24.1%
21.5%
Q2 24
34.6%
-19.6%
Q1 24
27.1%
-17.9%
Capex Intensity
AMPH
AMPH
FOR
FOR
Q4 25
4.5%
0.0%
Q3 25
2.8%
0.1%
Q2 25
6.1%
0.2%
Q1 25
6.3%
0.2%
Q4 24
6.7%
0.0%
Q3 24
7.2%
0.1%
Q2 24
3.3%
0.2%
Q1 24
5.1%
0.2%
Cash Conversion
AMPH
AMPH
FOR
FOR
Q4 25
1.35×
-10.19×
Q3 25
3.03×
2.95×
Q2 25
1.15×
0.48×
Q1 25
1.39×
-0.63×
Q4 24
0.76×
-27.27×
Q3 24
1.48×
1.46×
Q2 24
1.82×
-1.59×
Q1 24
1.28×
-1.32×

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%

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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