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

Howard Hughes Holdings Inc. is the larger business by last-quarter revenue ($235.9M vs $183.1M, roughly 1.3× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 3.4%, a 9.9% gap on every dollar of revenue. On growth, Howard Hughes Holdings Inc. posted the faster year-over-year revenue change (18.4% vs -1.8%). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs -13.8%).

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.

Howard Hughes Holdings Inc., formerly the Howard Hughes Corporation, is a real estate development and management company based in The Woodlands, Texas. It was formed in 2010 as a spin-off from General Growth Properties (GGP). Most of its holdings are focused on several master-planned communities. It took its name from the original Howard Hughes Corporation, which had developed the planned community of Summerlin, Nevada, and later became a subsidiary of GGP.

AMPH vs HHH — Head-to-Head

Bigger by revenue
HHH
HHH
1.3× larger
HHH
$235.9M
$183.1M
AMPH
Growing faster (revenue YoY)
HHH
HHH
+20.2% gap
HHH
18.4%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
9.9% more per $
AMPH
13.3%
3.4%
HHH
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
-13.8%
HHH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMPH
AMPH
HHH
HHH
Revenue
$183.1M
$235.9M
Net Profit
$24.4M
$8.1M
Gross Margin
46.8%
Operating Margin
19.4%
121.6%
Net Margin
13.3%
3.4%
Revenue YoY
-1.8%
18.4%
Net Profit YoY
-35.7%
-25.6%
EPS (diluted)
$0.51
$0.14

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
HHH
HHH
Q1 26
$235.9M
Q4 25
$183.1M
$624.4M
Q3 25
$191.8M
$390.2M
Q2 25
$174.4M
$260.9M
Q1 25
$170.5M
$199.3M
Q4 24
$186.5M
$935.0M
Q3 24
$191.2M
$327.1M
Q2 24
$182.4M
$317.4M
Net Profit
AMPH
AMPH
HHH
HHH
Q1 26
$8.1M
Q4 25
$24.4M
$6.0M
Q3 25
$17.4M
$119.5M
Q2 25
$31.0M
$-12.1M
Q1 25
$25.3M
$10.5M
Q4 24
$38.0M
$156.3M
Q3 24
$40.4M
$72.8M
Q2 24
$37.9M
$21.1M
Gross Margin
AMPH
AMPH
HHH
HHH
Q1 26
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%
Operating Margin
AMPH
AMPH
HHH
HHH
Q1 26
121.6%
Q4 25
19.4%
4.2%
Q3 25
13.2%
48.6%
Q2 25
24.2%
26.0%
Q1 25
21.9%
24.0%
Q4 24
24.2%
33.5%
Q3 24
29.8%
60.6%
Q2 24
30.3%
20.4%
Net Margin
AMPH
AMPH
HHH
HHH
Q1 26
3.4%
Q4 25
13.3%
1.0%
Q3 25
9.0%
30.6%
Q2 25
17.8%
-4.7%
Q1 25
14.8%
5.3%
Q4 24
20.4%
16.7%
Q3 24
21.1%
22.2%
Q2 24
20.8%
6.6%
EPS (diluted)
AMPH
AMPH
HHH
HHH
Q1 26
$0.14
Q4 25
$0.51
$0.20
Q3 25
$0.37
$2.02
Q2 25
$0.64
$-0.22
Q1 25
$0.51
$0.21
Q4 24
$0.74
$3.14
Q3 24
$0.78
$1.46
Q2 24
$0.73
$0.42

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
HHH
HHH
Cash + ST InvestmentsLiquidity on hand
$282.8M
$1.8B
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$3.8B
Total Assets
$1.6B
$11.2B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
HHH
HHH
Q1 26
$1.8B
Q4 25
$282.8M
$1.5B
Q3 25
$276.2M
$1.5B
Q2 25
$231.8M
$1.4B
Q1 25
$236.9M
$493.7M
Q4 24
$221.6M
$596.1M
Q3 24
$250.5M
$400.7M
Q2 24
$217.8M
$436.8M
Total Debt
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
$608.7M
$5.1B
Q3 25
$608.6M
Q2 25
$607.7M
Q1 25
$603.9M
Q4 24
$601.6M
$5.1B
Q3 24
$596.4M
Q2 24
$586.9M
Stockholders' Equity
AMPH
AMPH
HHH
HHH
Q1 26
$3.8B
Q4 25
$788.8M
$3.8B
Q3 25
$776.7M
$3.8B
Q2 25
$757.5M
$3.6B
Q1 25
$751.3M
$2.8B
Q4 24
$732.3M
$2.8B
Q3 24
$727.7M
$2.6B
Q2 24
$713.3M
$3.0B
Total Assets
AMPH
AMPH
HHH
HHH
Q1 26
$11.2B
Q4 25
$1.6B
$10.6B
Q3 25
$1.7B
$10.7B
Q2 25
$1.6B
$10.3B
Q1 25
$1.6B
$9.3B
Q4 24
$1.6B
$9.2B
Q3 24
$1.5B
$9.4B
Q2 24
$1.5B
$9.9B
Debt / Equity
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
0.77×
1.35×
Q3 25
0.78×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.82×
1.85×
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
HHH
HHH
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
HHH
HHH
Q1 26
Q4 25
$32.9M
$360.3M
Q3 25
$52.6M
$149.8M
Q2 25
$35.6M
$177.3M
Q1 25
$35.1M
$-224.9M
Q4 24
$29.0M
$337.1M
Q3 24
$60.0M
$248.3M
Q2 24
$69.1M
$-17.5M
Free Cash Flow
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
$24.6M
$348.6M
Q3 25
$47.2M
$137.7M
Q2 25
$25.0M
$169.7M
Q1 25
$24.4M
$-238.4M
Q4 24
$16.6M
$317.1M
Q3 24
$46.2M
$238.7M
Q2 24
$63.1M
$-25.1M
FCF Margin
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
13.4%
55.8%
Q3 25
24.6%
35.3%
Q2 25
14.3%
65.1%
Q1 25
14.3%
-119.6%
Q4 24
8.9%
33.9%
Q3 24
24.1%
73.0%
Q2 24
34.6%
-7.9%
Capex Intensity
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
4.5%
1.9%
Q3 25
2.8%
3.1%
Q2 25
6.1%
2.9%
Q1 25
6.3%
6.8%
Q4 24
6.7%
2.1%
Q3 24
7.2%
2.9%
Q2 24
3.3%
2.4%
Cash Conversion
AMPH
AMPH
HHH
HHH
Q1 26
Q4 25
1.35×
60.04×
Q3 25
3.03×
1.25×
Q2 25
1.15×
Q1 25
1.39×
-21.35×
Q4 24
0.76×
2.16×
Q3 24
1.48×
3.41×
Q2 24
1.82×
-0.83×

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%

HHH
HHH

Rental revenue$113.5M48%
Master Planned Communities land sales$99.6M42%
Other revenues$11.0M5%
Builder price participation$8.7M4%
Condominium rights and unit sales$3.1M1%

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