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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $178.7M, roughly 1.0× LESAKA TECHNOLOGIES INC). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 2.0%, a 11.3% gap on every dollar of revenue. On growth, LESAKA TECHNOLOGIES INC posted the faster year-over-year revenue change (1.4% vs -1.8%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $-14.8M). Over the past eight quarters, LESAKA TECHNOLOGIES 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.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

AMPH vs LSAK — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.0× larger
AMPH
$183.1M
$178.7M
LSAK
Growing faster (revenue YoY)
LSAK
LSAK
+3.3% gap
LSAK
1.4%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
11.3% more per $
AMPH
13.3%
2.0%
LSAK
More free cash flow
AMPH
AMPH
$39.4M more FCF
AMPH
$24.6M
$-14.8M
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
13.7%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AMPH
AMPH
LSAK
LSAK
Revenue
$183.1M
$178.7M
Net Profit
$24.4M
$3.6M
Gross Margin
46.8%
31.4%
Operating Margin
19.4%
1.2%
Net Margin
13.3%
2.0%
Revenue YoY
-1.8%
1.4%
Net Profit YoY
-35.7%
111.2%
EPS (diluted)
$0.51
$0.04

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
LSAK
LSAK
Q4 25
$183.1M
$178.7M
Q3 25
$191.8M
$171.4M
Q2 25
$174.4M
$168.5M
Q1 25
$170.5M
$161.4M
Q4 24
$186.5M
$176.2M
Q3 24
$191.2M
$153.6M
Q2 24
$182.4M
$146.0M
Q1 24
$171.8M
$138.2M
Net Profit
AMPH
AMPH
LSAK
LSAK
Q4 25
$24.4M
$3.6M
Q3 25
$17.4M
$-4.3M
Q2 25
$31.0M
$-28.4M
Q1 25
$25.3M
$-22.1M
Q4 24
$38.0M
$-32.5M
Q3 24
$40.4M
$-4.5M
Q2 24
$37.9M
$-5.0M
Q1 24
$43.2M
$-4.0M
Gross Margin
AMPH
AMPH
LSAK
LSAK
Q4 25
46.8%
31.4%
Q3 25
51.4%
30.9%
Q2 25
49.6%
28.9%
Q1 25
50.0%
27.5%
Q4 24
46.5%
25.7%
Q3 24
53.3%
22.6%
Q2 24
52.2%
22.6%
Q1 24
52.4%
22.0%
Operating Margin
AMPH
AMPH
LSAK
LSAK
Q4 25
19.4%
1.2%
Q3 25
13.2%
0.2%
Q2 25
24.2%
-16.7%
Q1 25
21.9%
0.4%
Q4 24
24.2%
0.3%
Q3 24
29.8%
-0.0%
Q2 24
30.3%
0.2%
Q1 24
27.9%
0.6%
Net Margin
AMPH
AMPH
LSAK
LSAK
Q4 25
13.3%
2.0%
Q3 25
9.0%
-2.5%
Q2 25
17.8%
-16.9%
Q1 25
14.8%
-13.7%
Q4 24
20.4%
-18.4%
Q3 24
21.1%
-3.0%
Q2 24
20.8%
-3.4%
Q1 24
25.1%
-2.9%
EPS (diluted)
AMPH
AMPH
LSAK
LSAK
Q4 25
$0.51
$0.04
Q3 25
$0.37
$-0.05
Q2 25
$0.64
$-0.40
Q1 25
$0.51
$-0.27
Q4 24
$0.74
$-0.40
Q3 24
$0.78
$-0.07
Q2 24
$0.73
$-0.08
Q1 24
$0.81
$-0.06

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
LSAK
LSAK
Cash + ST InvestmentsLiquidity on hand
$282.8M
$69.5M
Total DebtLower is stronger
$608.7M
$216.8M
Stockholders' EquityBook value
$788.8M
$180.6M
Total Assets
$1.6B
$704.6M
Debt / EquityLower = less leverage
0.77×
1.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
LSAK
LSAK
Q4 25
$282.8M
$69.5M
Q3 25
$276.2M
$72.2M
Q2 25
$231.8M
$76.5M
Q1 25
$236.9M
$71.0M
Q4 24
$221.6M
$60.6M
Q3 24
$250.5M
$49.7M
Q2 24
$217.8M
$59.1M
Q1 24
$289.6M
$55.2M
Total Debt
AMPH
AMPH
LSAK
LSAK
Q4 25
$608.7M
$216.8M
Q3 25
$608.6M
$208.1M
Q2 25
$607.7M
$200.8M
Q1 25
$603.9M
$194.7M
Q4 24
$601.6M
$148.7M
Q3 24
$596.4M
$148.5M
Q2 24
$586.9M
$143.2M
Q1 24
$594.0M
$135.7M
Stockholders' Equity
AMPH
AMPH
LSAK
LSAK
Q4 25
$788.8M
$180.6M
Q3 25
$776.7M
$170.4M
Q2 25
$757.5M
$161.6M
Q1 25
$751.3M
$185.2M
Q4 24
$732.3M
$193.3M
Q3 24
$727.7M
$184.2M
Q2 24
$713.3M
$175.9M
Q1 24
$672.4M
$173.1M
Total Assets
AMPH
AMPH
LSAK
LSAK
Q4 25
$1.6B
$704.6M
Q3 25
$1.7B
$652.9M
Q2 25
$1.6B
$653.7M
Q1 25
$1.6B
$649.2M
Q4 24
$1.6B
$640.6M
Q3 24
$1.5B
$551.9M
Q2 24
$1.5B
$558.5M
Q1 24
$1.6B
$551.5M
Debt / Equity
AMPH
AMPH
LSAK
LSAK
Q4 25
0.77×
1.20×
Q3 25
0.78×
1.22×
Q2 25
0.80×
1.24×
Q1 25
0.80×
1.05×
Q4 24
0.82×
0.77×
Q3 24
0.82×
0.81×
Q2 24
0.82×
0.81×
Q1 24
0.88×
0.78×

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
LSAK
LSAK
Operating Cash FlowLast quarter
$32.9M
$-10.9M
Free Cash FlowOCF − Capex
$24.6M
$-14.8M
FCF MarginFCF / Revenue
13.4%
-8.3%
Capex IntensityCapex / Revenue
4.5%
2.2%
Cash ConversionOCF / Net Profit
1.35×
-2.99×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$-15.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
LSAK
LSAK
Q4 25
$32.9M
$-10.9M
Q3 25
$52.6M
$8.9M
Q2 25
$35.6M
$-9.1M
Q1 25
$35.1M
$10.7M
Q4 24
$29.0M
$-9.2M
Q3 24
$60.0M
$-4.1M
Q2 24
$69.1M
$5.7M
Q1 24
$55.3M
$19.2M
Free Cash Flow
AMPH
AMPH
LSAK
LSAK
Q4 25
$24.6M
$-14.8M
Q3 25
$47.2M
$4.9M
Q2 25
$25.0M
$-13.2M
Q1 25
$24.4M
$7.8M
Q4 24
$16.6M
$-15.5M
Q3 24
$46.2M
$-8.1M
Q2 24
$63.1M
$937.0K
Q1 24
$46.5M
$16.2M
FCF Margin
AMPH
AMPH
LSAK
LSAK
Q4 25
13.4%
-8.3%
Q3 25
24.6%
2.9%
Q2 25
14.3%
-7.8%
Q1 25
14.3%
4.9%
Q4 24
8.9%
-8.8%
Q3 24
24.1%
-5.3%
Q2 24
34.6%
0.6%
Q1 24
27.1%
11.7%
Capex Intensity
AMPH
AMPH
LSAK
LSAK
Q4 25
4.5%
2.2%
Q3 25
2.8%
2.3%
Q2 25
6.1%
2.4%
Q1 25
6.3%
1.7%
Q4 24
6.7%
3.6%
Q3 24
7.2%
2.6%
Q2 24
3.3%
3.2%
Q1 24
5.1%
2.1%
Cash Conversion
AMPH
AMPH
LSAK
LSAK
Q4 25
1.35×
-2.99×
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%

LSAK
LSAK

Telecom Products And Services$82.0M46%
Processing Fees$37.6M21%
Enterprise Segment$14.5M8%
Rest Of Africa$10.9M6%
Technology Products$8.6M5%
Insurance Revenue$7.9M4%
Lending Revenue$7.2M4%
Other$6.7M4%
Interest From Customer$2.1M1%
Other Products And Services$1.2M1%

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