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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $104.1M, roughly 1.8× GRID DYNAMICS HOLDINGS, INC.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -1.4%, a 14.8% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -1.8%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% 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.

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

AMPH vs GDYN — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.8× larger
AMPH
$183.1M
$104.1M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+5.5% gap
GDYN
3.7%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
14.8% more per $
AMPH
13.3%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMPH
AMPH
GDYN
GDYN
Revenue
$183.1M
$104.1M
Net Profit
$24.4M
$-1.5M
Gross Margin
46.8%
34.8%
Operating Margin
19.4%
61.7%
Net Margin
13.3%
-1.4%
Revenue YoY
-1.8%
3.7%
Net Profit YoY
-35.7%
-150.6%
EPS (diluted)
$0.51
$-0.02

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
GDYN
GDYN
Q1 26
$104.1M
Q4 25
$183.1M
$106.2M
Q3 25
$191.8M
$104.2M
Q2 25
$174.4M
$101.1M
Q1 25
$170.5M
$100.4M
Q4 24
$186.5M
$100.3M
Q3 24
$191.2M
$87.4M
Q2 24
$182.4M
$83.0M
Net Profit
AMPH
AMPH
GDYN
GDYN
Q1 26
$-1.5M
Q4 25
$24.4M
$306.0K
Q3 25
$17.4M
$1.2M
Q2 25
$31.0M
$5.3M
Q1 25
$25.3M
$2.9M
Q4 24
$38.0M
$4.5M
Q3 24
$40.4M
$4.3M
Q2 24
$37.9M
$-817.0K
Gross Margin
AMPH
AMPH
GDYN
GDYN
Q1 26
34.8%
Q4 25
46.8%
34.0%
Q3 25
51.4%
33.3%
Q2 25
49.6%
34.1%
Q1 25
50.0%
36.8%
Q4 24
46.5%
36.9%
Q3 24
53.3%
37.4%
Q2 24
52.2%
35.6%
Operating Margin
AMPH
AMPH
GDYN
GDYN
Q1 26
61.7%
Q4 25
19.4%
0.5%
Q3 25
13.2%
-0.2%
Q2 25
24.2%
-0.1%
Q1 25
21.9%
-2.0%
Q4 24
24.2%
1.3%
Q3 24
29.8%
2.4%
Q2 24
30.3%
0.0%
Net Margin
AMPH
AMPH
GDYN
GDYN
Q1 26
-1.4%
Q4 25
13.3%
0.3%
Q3 25
9.0%
1.1%
Q2 25
17.8%
5.2%
Q1 25
14.8%
2.9%
Q4 24
20.4%
4.5%
Q3 24
21.1%
4.9%
Q2 24
20.8%
-1.0%
EPS (diluted)
AMPH
AMPH
GDYN
GDYN
Q1 26
$-0.02
Q4 25
$0.51
$0.01
Q3 25
$0.37
$0.01
Q2 25
$0.64
$0.06
Q1 25
$0.51
$0.03
Q4 24
$0.74
$0.06
Q3 24
$0.78
$0.05
Q2 24
$0.73
$-0.01

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
GDYN
GDYN
Cash + ST InvestmentsLiquidity on hand
$282.8M
$327.5M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$530.1M
Total Assets
$1.6B
$605.0M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
GDYN
GDYN
Q1 26
$327.5M
Q4 25
$282.8M
$342.1M
Q3 25
$276.2M
$338.6M
Q2 25
$231.8M
$336.8M
Q1 25
$236.9M
$325.5M
Q4 24
$221.6M
$334.7M
Q3 24
$250.5M
$231.3M
Q2 24
$217.8M
$256.0M
Total Debt
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
$608.7M
Q3 25
$608.6M
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
Q3 24
$596.4M
Q2 24
$586.9M
Stockholders' Equity
AMPH
AMPH
GDYN
GDYN
Q1 26
$530.1M
Q4 25
$788.8M
$542.1M
Q3 25
$776.7M
$537.7M
Q2 25
$757.5M
$532.2M
Q1 25
$751.3M
$517.4M
Q4 24
$732.3M
$517.8M
Q3 24
$727.7M
$400.2M
Q2 24
$713.3M
$388.4M
Total Assets
AMPH
AMPH
GDYN
GDYN
Q1 26
$605.0M
Q4 25
$1.6B
$612.9M
Q3 25
$1.7B
$613.2M
Q2 25
$1.6B
$608.9M
Q1 25
$1.6B
$590.9M
Q4 24
$1.6B
$592.2M
Q3 24
$1.5B
$477.3M
Q2 24
$1.5B
$443.6M
Debt / Equity
AMPH
AMPH
GDYN
GDYN
Q1 26
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×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
$32.9M
$9.9M
Q3 25
$52.6M
$7.0M
Q2 25
$35.6M
$14.4M
Q1 25
$35.1M
$9.4M
Q4 24
$29.0M
$7.1M
Q3 24
$60.0M
$9.2M
Q2 24
$69.1M
$10.7M
Free Cash Flow
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
$24.6M
$6.1M
Q3 25
$47.2M
$2.9M
Q2 25
$25.0M
$10.2M
Q1 25
$24.4M
$6.0M
Q4 24
$16.6M
$4.4M
Q3 24
$46.2M
$5.9M
Q2 24
$63.1M
$8.0M
FCF Margin
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
13.4%
5.7%
Q3 25
24.6%
2.8%
Q2 25
14.3%
10.1%
Q1 25
14.3%
6.0%
Q4 24
8.9%
4.4%
Q3 24
24.1%
6.8%
Q2 24
34.6%
9.7%
Capex Intensity
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
4.5%
3.6%
Q3 25
2.8%
3.9%
Q2 25
6.1%
4.1%
Q1 25
6.3%
3.3%
Q4 24
6.7%
2.6%
Q3 24
7.2%
3.7%
Q2 24
3.3%
3.2%
Cash Conversion
AMPH
AMPH
GDYN
GDYN
Q1 26
Q4 25
1.35×
32.34×
Q3 25
3.03×
5.92×
Q2 25
1.15×
2.73×
Q1 25
1.39×
3.21×
Q4 24
0.76×
1.56×
Q3 24
1.48×
2.15×
Q2 24
1.82×

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%

GDYN
GDYN

Segment breakdown not available.

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