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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and Texas Pacific Land Corporation (TPL). Click either name above to swap in a different company.

Texas Pacific Land Corporation is the larger business by last-quarter revenue ($211.6M vs $183.1M, roughly 1.2× Amphastar Pharmaceuticals, Inc.). Texas Pacific Land Corporation runs the higher net margin — 58.3% vs 13.3%, a 45.0% gap on every dollar of revenue. On growth, Texas Pacific Land Corporation posted the faster year-over-year revenue change (13.9% vs -1.8%). Over the past eight quarters, Texas Pacific Land Corporation's revenue compounded faster (10.2% 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.

The Texas Pacific Land Corporation is a publicly traded real estate operating company with its administrative office in Dallas, Texas. Owning over 880,000 acres (3,600 km2) in 20 West Texas counties, TPL is among the largest private landowners in the state of Texas. It was previously organized as a publicly traded trust taxed as a corporation, and operated under the name Texas Pacific Land Trust.

AMPH vs TPL — Head-to-Head

Bigger by revenue
TPL
TPL
1.2× larger
TPL
$211.6M
$183.1M
AMPH
Growing faster (revenue YoY)
TPL
TPL
+15.7% gap
TPL
13.9%
-1.8%
AMPH
Higher net margin
TPL
TPL
45.0% more per $
TPL
58.3%
13.3%
AMPH
Faster 2-yr revenue CAGR
TPL
TPL
Annualised
TPL
10.2%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
TPL
TPL
Revenue
$183.1M
$211.6M
Net Profit
$24.4M
$123.3M
Gross Margin
46.8%
Operating Margin
19.4%
70.5%
Net Margin
13.3%
58.3%
Revenue YoY
-1.8%
13.9%
Net Profit YoY
-35.7%
4.2%
EPS (diluted)
$0.51
$-8.59

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
TPL
TPL
Q4 25
$183.1M
$211.6M
Q3 25
$191.8M
$203.1M
Q2 25
$174.4M
$187.5M
Q1 25
$170.5M
$196.0M
Q4 24
$186.5M
$185.8M
Q3 24
$191.2M
$173.6M
Q2 24
$182.4M
$172.3M
Q1 24
$171.8M
$174.1M
Net Profit
AMPH
AMPH
TPL
TPL
Q4 25
$24.4M
$123.3M
Q3 25
$17.4M
$121.2M
Q2 25
$31.0M
$116.1M
Q1 25
$25.3M
$120.7M
Q4 24
$38.0M
$118.4M
Q3 24
$40.4M
$106.6M
Q2 24
$37.9M
$114.6M
Q1 24
$43.2M
$114.4M
Gross Margin
AMPH
AMPH
TPL
TPL
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%
Q1 24
52.4%
Operating Margin
AMPH
AMPH
TPL
TPL
Q4 25
19.4%
70.5%
Q3 25
13.2%
73.4%
Q2 25
24.2%
76.6%
Q1 25
21.9%
76.6%
Q4 24
24.2%
76.7%
Q3 24
29.8%
73.4%
Q2 24
30.3%
77.3%
Q1 24
27.9%
78.1%
Net Margin
AMPH
AMPH
TPL
TPL
Q4 25
13.3%
58.3%
Q3 25
9.0%
59.7%
Q2 25
17.8%
61.9%
Q1 25
14.8%
61.6%
Q4 24
20.4%
63.7%
Q3 24
21.1%
61.4%
Q2 24
20.8%
66.5%
Q1 24
25.1%
65.7%
EPS (diluted)
AMPH
AMPH
TPL
TPL
Q4 25
$0.51
$-8.59
Q3 25
$0.37
$5.27
Q2 25
$0.64
$5.05
Q1 25
$0.51
$5.24
Q4 24
$0.74
$5.14
Q3 24
$0.78
$4.63
Q2 24
$0.73
$4.98
Q1 24
$0.81
$4.97

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
TPL
TPL
Cash + ST InvestmentsLiquidity on hand
$282.8M
$144.8M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$1.5B
Total Assets
$1.6B
$1.6B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
TPL
TPL
Q4 25
$282.8M
$144.8M
Q3 25
$276.2M
$531.8M
Q2 25
$231.8M
$543.9M
Q1 25
$236.9M
$460.4M
Q4 24
$221.6M
$369.8M
Q3 24
$250.5M
$533.9M
Q2 24
$217.8M
$894.7M
Q1 24
$289.6M
$837.1M
Total Debt
AMPH
AMPH
TPL
TPL
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
Q1 24
$594.0M
Stockholders' Equity
AMPH
AMPH
TPL
TPL
Q4 25
$788.8M
$1.5B
Q3 25
$776.7M
$1.4B
Q2 25
$757.5M
$1.3B
Q1 25
$751.3M
$1.2B
Q4 24
$732.3M
$1.1B
Q3 24
$727.7M
$1.1B
Q2 24
$713.3M
$1.2B
Q1 24
$672.4M
$1.1B
Total Assets
AMPH
AMPH
TPL
TPL
Q4 25
$1.6B
$1.6B
Q3 25
$1.7B
$1.5B
Q2 25
$1.6B
$1.4B
Q1 25
$1.6B
$1.4B
Q4 24
$1.6B
$1.2B
Q3 24
$1.5B
$1.2B
Q2 24
$1.5B
$1.3B
Q1 24
$1.6B
$1.3B
Debt / Equity
AMPH
AMPH
TPL
TPL
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
TPL
TPL
Operating Cash FlowLast quarter
$32.9M
$113.7M
Free Cash FlowOCF − Capex
$24.6M
FCF MarginFCF / Revenue
13.4%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.35×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$121.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
TPL
TPL
Q4 25
$32.9M
$113.7M
Q3 25
$52.6M
$154.6M
Q2 25
$35.6M
$120.9M
Q1 25
$35.1M
$156.7M
Q4 24
$29.0M
$126.6M
Q3 24
$60.0M
$118.6M
Q2 24
$69.1M
$98.3M
Q1 24
$55.3M
$147.2M
Free Cash Flow
AMPH
AMPH
TPL
TPL
Q4 25
$24.6M
Q3 25
$47.2M
Q2 25
$25.0M
Q1 25
$24.4M
Q4 24
$16.6M
Q3 24
$46.2M
Q2 24
$63.1M
Q1 24
$46.5M
FCF Margin
AMPH
AMPH
TPL
TPL
Q4 25
13.4%
Q3 25
24.6%
Q2 25
14.3%
Q1 25
14.3%
Q4 24
8.9%
Q3 24
24.1%
Q2 24
34.6%
Q1 24
27.1%
Capex Intensity
AMPH
AMPH
TPL
TPL
Q4 25
4.5%
Q3 25
2.8%
Q2 25
6.1%
Q1 25
6.3%
Q4 24
6.7%
Q3 24
7.2%
Q2 24
3.3%
Q1 24
5.1%
Cash Conversion
AMPH
AMPH
TPL
TPL
Q4 25
1.35×
0.92×
Q3 25
3.03×
1.28×
Q2 25
1.15×
1.04×
Q1 25
1.39×
1.30×
Q4 24
0.76×
1.07×
Q3 24
1.48×
1.11×
Q2 24
1.82×
0.86×
Q1 24
1.28×
1.29×

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%

TPL
TPL

Water Serviceand Operations Segment$98.2M46%
Water Sales And Royalties$60.7M29%
Produced Water Royalties$33.5M16%
Easementand Sundry$20.6M10%

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