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

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $94.0M, roughly 1.9× Solo Brands, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -88.4%, a 101.8% gap on every dollar of revenue. On growth, Amphastar Pharmaceuticals, Inc. posted the faster year-over-year revenue change (-1.8% vs -34.5%). Over the past eight quarters, Solo Brands, Inc.'s revenue compounded faster (5.0% 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.

Conagra Brands, Inc. is an American consumer packaged goods holding company that makes and sells products under various brand names that are available in supermarkets, restaurants, and food service establishments. Based on its 2021 revenue, the company ranked 331st on the 2022 Fortune 500. Headquartered in Chicago, Illinois, Conagra was founded in Nebraska in 1919 and was originally called Nebraska Consolidated Mills.

AMPH vs SBDS — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.9× larger
AMPH
$183.1M
$94.0M
SBDS
Growing faster (revenue YoY)
AMPH
AMPH
+32.7% gap
AMPH
-1.8%
-34.5%
SBDS
Higher net margin
AMPH
AMPH
101.8% more per $
AMPH
13.3%
-88.4%
SBDS
Faster 2-yr revenue CAGR
SBDS
SBDS
Annualised
SBDS
5.0%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
SBDS
SBDS
Revenue
$183.1M
$94.0M
Net Profit
$24.4M
$-83.2M
Gross Margin
46.8%
60.6%
Operating Margin
19.4%
-81.7%
Net Margin
13.3%
-88.4%
Revenue YoY
-1.8%
-34.5%
Net Profit YoY
-35.7%
-42.9%
EPS (diluted)
$0.51
$-45.73

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
SBDS
SBDS
Q4 25
$183.1M
$94.0M
Q3 25
$191.8M
$53.0M
Q2 25
$174.4M
$92.3M
Q1 25
$170.5M
$77.3M
Q4 24
$186.5M
$143.5M
Q3 24
$191.2M
$94.1M
Q2 24
$182.4M
$131.6M
Q1 24
$171.8M
$85.3M
Net Profit
AMPH
AMPH
SBDS
SBDS
Q4 25
$24.4M
$-83.2M
Q3 25
$17.4M
$-22.9M
Q2 25
$31.0M
$-20.8M
Q1 25
$25.3M
$-18.6M
Q4 24
$38.0M
$-58.2M
Q3 24
$40.4M
$-111.5M
Q2 24
$37.9M
$-4.0M
Q1 24
$43.2M
$-6.5M
Gross Margin
AMPH
AMPH
SBDS
SBDS
Q4 25
46.8%
60.6%
Q3 25
51.4%
60.0%
Q2 25
49.6%
61.3%
Q1 25
50.0%
55.2%
Q4 24
46.5%
61.1%
Q3 24
53.3%
41.8%
Q2 24
52.2%
62.8%
Q1 24
52.4%
59.2%
Operating Margin
AMPH
AMPH
SBDS
SBDS
Q4 25
19.4%
-81.7%
Q3 25
13.2%
-30.5%
Q2 25
24.2%
-10.7%
Q1 25
21.9%
-13.8%
Q4 24
24.2%
-38.5%
Q3 24
29.8%
-122.5%
Q2 24
30.3%
1.7%
Q1 24
27.9%
-7.4%
Net Margin
AMPH
AMPH
SBDS
SBDS
Q4 25
13.3%
-88.4%
Q3 25
9.0%
-43.2%
Q2 25
17.8%
-22.5%
Q1 25
14.8%
-24.0%
Q4 24
20.4%
-40.6%
Q3 24
21.1%
-118.4%
Q2 24
20.8%
-3.1%
Q1 24
25.1%
-7.6%
EPS (diluted)
AMPH
AMPH
SBDS
SBDS
Q4 25
$0.51
$-45.73
Q3 25
$0.37
$-9.22
Q2 25
$0.64
$-8.93
Q1 25
$0.51
$-0.21
Q4 24
$0.74
$-27.74
Q3 24
$0.78
$-47.72
Q2 24
$0.73
$-2.14
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
SBDS
SBDS
Cash + ST InvestmentsLiquidity on hand
$282.8M
$20.0M
Total DebtLower is stronger
$608.7M
$242.1M
Stockholders' EquityBook value
$788.8M
$46.0M
Total Assets
$1.6B
$360.3M
Debt / EquityLower = less leverage
0.77×
5.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
SBDS
SBDS
Q4 25
$282.8M
$20.0M
Q3 25
$276.2M
$16.3M
Q2 25
$231.8M
$18.1M
Q1 25
$236.9M
$206.4M
Q4 24
$221.6M
$12.0M
Q3 24
$250.5M
$12.5M
Q2 24
$217.8M
$20.1M
Q1 24
$289.6M
$15.4M
Total Debt
AMPH
AMPH
SBDS
SBDS
Q4 25
$608.7M
$242.1M
Q3 25
$608.6M
$235.2M
Q2 25
$607.7M
$238.4M
Q1 25
$603.9M
$427.9M
Q4 24
$601.6M
$150.7M
Q3 24
$596.4M
$161.1M
Q2 24
$586.9M
$162.2M
Q1 24
$594.0M
$170.2M
Stockholders' Equity
AMPH
AMPH
SBDS
SBDS
Q4 25
$788.8M
$46.0M
Q3 25
$776.7M
$99.1M
Q2 25
$757.5M
$113.2M
Q1 25
$751.3M
$121.7M
Q4 24
$732.3M
$133.7M
Q3 24
$727.7M
$168.0M
Q2 24
$713.3M
$236.7M
Q1 24
$672.4M
$238.5M
Total Assets
AMPH
AMPH
SBDS
SBDS
Q4 25
$1.6B
$360.3M
Q3 25
$1.7B
$431.0M
Q2 25
$1.6B
$459.7M
Q1 25
$1.6B
$692.4M
Q4 24
$1.6B
$495.1M
Q3 24
$1.5B
$553.2M
Q2 24
$1.5B
$642.0M
Q1 24
$1.6B
$648.3M
Debt / Equity
AMPH
AMPH
SBDS
SBDS
Q4 25
0.77×
5.26×
Q3 25
0.78×
2.37×
Q2 25
0.80×
2.11×
Q1 25
0.80×
3.52×
Q4 24
0.82×
1.13×
Q3 24
0.82×
0.96×
Q2 24
0.82×
0.69×
Q1 24
0.88×
0.71×

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
SBDS
SBDS
Operating Cash FlowLast quarter
$32.9M
$6.4M
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
SBDS
SBDS
Q4 25
$32.9M
$6.4M
Q3 25
$52.6M
$11.2M
Q2 25
$35.6M
$10.9M
Q1 25
$35.1M
$-75.2M
Q4 24
$29.0M
$13.0M
Q3 24
$60.0M
$378.0K
Q2 24
$69.1M
$15.7M
Q1 24
$55.3M
$-18.5M
Free Cash Flow
AMPH
AMPH
SBDS
SBDS
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
$-78.4M
Q4 24
$16.6M
$9.0M
Q3 24
$46.2M
$-5.9M
Q2 24
$63.1M
$12.8M
Q1 24
$46.5M
$-20.9M
FCF Margin
AMPH
AMPH
SBDS
SBDS
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
-101.5%
Q4 24
8.9%
6.3%
Q3 24
24.1%
-6.3%
Q2 24
34.6%
9.8%
Q1 24
27.1%
-24.5%
Capex Intensity
AMPH
AMPH
SBDS
SBDS
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
4.2%
Q4 24
6.7%
2.8%
Q3 24
7.2%
6.7%
Q2 24
3.3%
2.2%
Q1 24
5.1%
2.8%
Cash Conversion
AMPH
AMPH
SBDS
SBDS
Q4 25
1.35×
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%

SBDS
SBDS

Sales Channel Directly To Consumer$65.4M70%
Sales Channel Through Intermediary$28.6M30%

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