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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $153.1M, roughly 1.2× CPI Card Group Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 4.8%, a 8.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -1.8%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $24.6M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.

CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.

AMPH vs PMTS — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.2× larger
AMPH
$183.1M
$153.1M
PMTS
Growing faster (revenue YoY)
PMTS
PMTS
+24.2% gap
PMTS
22.3%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
8.5% more per $
AMPH
13.3%
4.8%
PMTS
More free cash flow
PMTS
PMTS
$10.6M more FCF
PMTS
$35.2M
$24.6M
AMPH
Faster 2-yr revenue CAGR
PMTS
PMTS
Annualised
PMTS
16.9%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
PMTS
PMTS
Revenue
$183.1M
$153.1M
Net Profit
$24.4M
$7.3M
Gross Margin
46.8%
31.5%
Operating Margin
19.4%
12.0%
Net Margin
13.3%
4.8%
Revenue YoY
-1.8%
22.3%
Net Profit YoY
-35.7%
8.5%
EPS (diluted)
$0.51
$0.62

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
PMTS
PMTS
Q4 25
$183.1M
$153.1M
Q3 25
$191.8M
$138.0M
Q2 25
$174.4M
$129.8M
Q1 25
$170.5M
$122.8M
Q4 24
$186.5M
$125.1M
Q3 24
$191.2M
$124.8M
Q2 24
$182.4M
$118.8M
Q1 24
$171.8M
$111.9M
Net Profit
AMPH
AMPH
PMTS
PMTS
Q4 25
$24.4M
$7.3M
Q3 25
$17.4M
$2.3M
Q2 25
$31.0M
$518.0K
Q1 25
$25.3M
$4.8M
Q4 24
$38.0M
$6.8M
Q3 24
$40.4M
$1.3M
Q2 24
$37.9M
$6.0M
Q1 24
$43.2M
$5.5M
Gross Margin
AMPH
AMPH
PMTS
PMTS
Q4 25
46.8%
31.5%
Q3 25
51.4%
29.7%
Q2 25
49.6%
30.9%
Q1 25
50.0%
33.2%
Q4 24
46.5%
34.1%
Q3 24
53.3%
35.8%
Q2 24
52.2%
35.7%
Q1 24
52.4%
37.1%
Operating Margin
AMPH
AMPH
PMTS
PMTS
Q4 25
19.4%
12.0%
Q3 25
13.2%
9.4%
Q2 25
24.2%
7.3%
Q1 25
21.9%
11.5%
Q4 24
24.2%
12.7%
Q3 24
29.8%
14.3%
Q2 24
30.3%
12.5%
Q1 24
27.9%
12.6%
Net Margin
AMPH
AMPH
PMTS
PMTS
Q4 25
13.3%
4.8%
Q3 25
9.0%
1.7%
Q2 25
17.8%
0.4%
Q1 25
14.8%
3.9%
Q4 24
20.4%
5.4%
Q3 24
21.1%
1.0%
Q2 24
20.8%
5.1%
Q1 24
25.1%
4.9%
EPS (diluted)
AMPH
AMPH
PMTS
PMTS
Q4 25
$0.51
$0.62
Q3 25
$0.37
$0.19
Q2 25
$0.64
$0.04
Q1 25
$0.51
$0.40
Q4 24
$0.74
$0.56
Q3 24
$0.78
$0.11
Q2 24
$0.73
$0.51
Q1 24
$0.81
$0.46

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
PMTS
PMTS
Cash + ST InvestmentsLiquidity on hand
$282.8M
$21.7M
Total DebtLower is stronger
$608.7M
$286.7M
Stockholders' EquityBook value
$788.8M
$-17.3M
Total Assets
$1.6B
$403.2M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
PMTS
PMTS
Q4 25
$282.8M
$21.7M
Q3 25
$276.2M
$16.0M
Q2 25
$231.8M
$17.1M
Q1 25
$236.9M
$31.5M
Q4 24
$221.6M
$33.5M
Q3 24
$250.5M
$14.7M
Q2 24
$217.8M
$7.5M
Q1 24
$289.6M
$17.1M
Total Debt
AMPH
AMPH
PMTS
PMTS
Q4 25
$608.7M
$286.7M
Q3 25
$608.6M
$308.4M
Q2 25
$607.7M
$310.9M
Q1 25
$603.9M
$280.7M
Q4 24
$601.6M
$280.4M
Q3 24
$596.4M
$280.2M
Q2 24
$586.9M
$269.7M
Q1 24
$594.0M
$265.3M
Stockholders' Equity
AMPH
AMPH
PMTS
PMTS
Q4 25
$788.8M
$-17.3M
Q3 25
$776.7M
$-25.7M
Q2 25
$757.5M
$-29.0M
Q1 25
$751.3M
$-29.7M
Q4 24
$732.3M
$-35.6M
Q3 24
$727.7M
$-42.8M
Q2 24
$713.3M
$-44.6M
Q1 24
$672.4M
$-48.5M
Total Assets
AMPH
AMPH
PMTS
PMTS
Q4 25
$1.6B
$403.2M
Q3 25
$1.7B
$407.1M
Q2 25
$1.6B
$399.8M
Q1 25
$1.6B
$351.9M
Q4 24
$1.6B
$349.7M
Q3 24
$1.5B
$342.3M
Q2 24
$1.5B
$321.4M
Q1 24
$1.6B
$319.8M
Debt / Equity
AMPH
AMPH
PMTS
PMTS
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
PMTS
PMTS
Operating Cash FlowLast quarter
$32.9M
$39.6M
Free Cash FlowOCF − Capex
$24.6M
$35.2M
FCF MarginFCF / Revenue
13.4%
23.0%
Capex IntensityCapex / Revenue
4.5%
2.9%
Cash ConversionOCF / Net Profit
1.35×
5.39×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$41.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
PMTS
PMTS
Q4 25
$32.9M
$39.6M
Q3 25
$52.6M
$10.0M
Q2 25
$35.6M
$4.3M
Q1 25
$35.1M
$5.6M
Q4 24
$29.0M
$26.7M
Q3 24
$60.0M
$12.5M
Q2 24
$69.1M
$-4.8M
Q1 24
$55.3M
$8.9M
Free Cash Flow
AMPH
AMPH
PMTS
PMTS
Q4 25
$24.6M
$35.2M
Q3 25
$47.2M
$5.3M
Q2 25
$25.0M
$533.0K
Q1 25
$24.4M
$292.0K
Q4 24
$16.6M
$21.6M
Q3 24
$46.2M
$11.1M
Q2 24
$63.1M
$-6.0M
Q1 24
$46.5M
$7.4M
FCF Margin
AMPH
AMPH
PMTS
PMTS
Q4 25
13.4%
23.0%
Q3 25
24.6%
3.8%
Q2 25
14.3%
0.4%
Q1 25
14.3%
0.2%
Q4 24
8.9%
17.3%
Q3 24
24.1%
8.9%
Q2 24
34.6%
-5.0%
Q1 24
27.1%
6.6%
Capex Intensity
AMPH
AMPH
PMTS
PMTS
Q4 25
4.5%
2.9%
Q3 25
2.8%
3.4%
Q2 25
6.1%
2.9%
Q1 25
6.3%
4.3%
Q4 24
6.7%
4.0%
Q3 24
7.2%
1.2%
Q2 24
3.3%
1.0%
Q1 24
5.1%
1.3%
Cash Conversion
AMPH
AMPH
PMTS
PMTS
Q4 25
1.35×
5.39×
Q3 25
3.03×
4.32×
Q2 25
1.15×
8.39×
Q1 25
1.39×
1.17×
Q4 24
0.76×
3.94×
Q3 24
1.48×
9.70×
Q2 24
1.82×
-0.79×
Q1 24
1.28×
1.63×

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%

PMTS
PMTS

US Debit And Credit$128.9M84%
US Prepaid Debit$24.4M16%

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