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

Udemy, Inc. is the larger business by last-quarter revenue ($194.0M vs $183.1M, roughly 1.1× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -1.2%, a 14.5% gap on every dollar of revenue. On growth, Amphastar Pharmaceuticals, Inc. posted the faster year-over-year revenue change (-1.8% vs -3.0%). Amphastar Pharmaceuticals, Inc. produced more free cash flow last quarter ($24.6M vs $15.0M). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs -0.7%).

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.

Udemy is a US-based education technology company. Founded as a massive open online course (MOOC) provider in 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar; the company is based in San Francisco, California, with offices in the United States, Australia, India, Ireland, Mexico and Turkey. Its education platform allows both the creation and sharing of online courses. By early 2025, Udemy claimed to have millions of individual users. Courses are typically video-based and on-demand.

AMPH vs UDMY — Head-to-Head

Bigger by revenue
UDMY
UDMY
1.1× larger
UDMY
$194.0M
$183.1M
AMPH
Growing faster (revenue YoY)
AMPH
AMPH
+1.1% gap
AMPH
-1.8%
-3.0%
UDMY
Higher net margin
AMPH
AMPH
14.5% more per $
AMPH
13.3%
-1.2%
UDMY
More free cash flow
AMPH
AMPH
$9.6M more FCF
AMPH
$24.6M
$15.0M
UDMY
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
-0.7%
UDMY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
UDMY
UDMY
Revenue
$183.1M
$194.0M
Net Profit
$24.4M
$-2.3M
Gross Margin
46.8%
66.0%
Operating Margin
19.4%
-1.8%
Net Margin
13.3%
-1.2%
Revenue YoY
-1.8%
-3.0%
Net Profit YoY
-35.7%
76.4%
EPS (diluted)
$0.51
$-0.01

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
UDMY
UDMY
Q4 25
$183.1M
$194.0M
Q3 25
$191.8M
$195.7M
Q2 25
$174.4M
$199.9M
Q1 25
$170.5M
$200.3M
Q4 24
$186.5M
$199.9M
Q3 24
$191.2M
$195.4M
Q2 24
$182.4M
$194.4M
Q1 24
$171.8M
$196.8M
Net Profit
AMPH
AMPH
UDMY
UDMY
Q4 25
$24.4M
$-2.3M
Q3 25
$17.4M
$1.6M
Q2 25
$31.0M
$6.3M
Q1 25
$25.3M
$-1.8M
Q4 24
$38.0M
$-9.9M
Q3 24
$40.4M
$-25.3M
Q2 24
$37.9M
$-31.8M
Q1 24
$43.2M
$-18.3M
Gross Margin
AMPH
AMPH
UDMY
UDMY
Q4 25
46.8%
66.0%
Q3 25
51.4%
65.9%
Q2 25
49.6%
66.1%
Q1 25
50.0%
64.6%
Q4 24
46.5%
63.6%
Q3 24
53.3%
63.0%
Q2 24
52.2%
62.3%
Q1 24
52.4%
61.2%
Operating Margin
AMPH
AMPH
UDMY
UDMY
Q4 25
19.4%
-1.8%
Q3 25
13.2%
-0.1%
Q2 25
24.2%
2.0%
Q1 25
21.9%
-2.2%
Q4 24
24.2%
-5.8%
Q3 24
29.8%
-15.1%
Q2 24
30.3%
-13.1%
Q1 24
27.9%
-11.5%
Net Margin
AMPH
AMPH
UDMY
UDMY
Q4 25
13.3%
-1.2%
Q3 25
9.0%
0.8%
Q2 25
17.8%
3.1%
Q1 25
14.8%
-0.9%
Q4 24
20.4%
-4.9%
Q3 24
21.1%
-12.9%
Q2 24
20.8%
-16.4%
Q1 24
25.1%
-9.3%
EPS (diluted)
AMPH
AMPH
UDMY
UDMY
Q4 25
$0.51
$-0.01
Q3 25
$0.37
$0.01
Q2 25
$0.64
$0.04
Q1 25
$0.51
$-0.01
Q4 24
$0.74
$-0.06
Q3 24
$0.78
$-0.17
Q2 24
$0.73
$-0.21
Q1 24
$0.81
$-0.12

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
UDMY
UDMY
Cash + ST InvestmentsLiquidity on hand
$282.8M
$358.7M
Total DebtLower is stronger
$608.7M
Stockholders' EquityBook value
$788.8M
$210.5M
Total Assets
$1.6B
$617.7M
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
UDMY
UDMY
Q4 25
$282.8M
$358.7M
Q3 25
$276.2M
$371.2M
Q2 25
$231.8M
$392.0M
Q1 25
$236.9M
$357.0M
Q4 24
$221.6M
$354.4M
Q3 24
$250.5M
$357.1M
Q2 24
$217.8M
$420.9M
Q1 24
$289.6M
$430.7M
Total Debt
AMPH
AMPH
UDMY
UDMY
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
UDMY
UDMY
Q4 25
$788.8M
$210.5M
Q3 25
$776.7M
$221.8M
Q2 25
$757.5M
$233.4M
Q1 25
$751.3M
$209.4M
Q4 24
$732.3M
$197.4M
Q3 24
$727.7M
$196.3M
Q2 24
$713.3M
$252.3M
Q1 24
$672.4M
$296.5M
Total Assets
AMPH
AMPH
UDMY
UDMY
Q4 25
$1.6B
$617.7M
Q3 25
$1.7B
$618.9M
Q2 25
$1.6B
$644.0M
Q1 25
$1.6B
$639.0M
Q4 24
$1.6B
$605.6M
Q3 24
$1.5B
$608.9M
Q2 24
$1.5B
$671.9M
Q1 24
$1.6B
$708.5M
Debt / Equity
AMPH
AMPH
UDMY
UDMY
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
UDMY
UDMY
Operating Cash FlowLast quarter
$32.9M
$15.5M
Free Cash FlowOCF − Capex
$24.6M
$15.0M
FCF MarginFCF / Revenue
13.4%
7.7%
Capex IntensityCapex / Revenue
4.5%
0.3%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$81.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
UDMY
UDMY
Q4 25
$32.9M
$15.5M
Q3 25
$52.6M
$15.7M
Q2 25
$35.6M
$44.2M
Q1 25
$35.1M
$12.2M
Q4 24
$29.0M
$9.6M
Q3 24
$60.0M
$-6.1M
Q2 24
$69.1M
$28.6M
Q1 24
$55.3M
$21.0M
Free Cash Flow
AMPH
AMPH
UDMY
UDMY
Q4 25
$24.6M
$15.0M
Q3 25
$47.2M
$15.1M
Q2 25
$25.0M
$41.9M
Q1 25
$24.4M
$9.8M
Q4 24
$16.6M
$8.4M
Q3 24
$46.2M
$-6.7M
Q2 24
$63.1M
$28.2M
Q1 24
$46.5M
$20.8M
FCF Margin
AMPH
AMPH
UDMY
UDMY
Q4 25
13.4%
7.7%
Q3 25
24.6%
7.7%
Q2 25
14.3%
21.0%
Q1 25
14.3%
4.9%
Q4 24
8.9%
4.2%
Q3 24
24.1%
-3.4%
Q2 24
34.6%
14.5%
Q1 24
27.1%
10.6%
Capex Intensity
AMPH
AMPH
UDMY
UDMY
Q4 25
4.5%
0.3%
Q3 25
2.8%
0.3%
Q2 25
6.1%
1.1%
Q1 25
6.3%
1.2%
Q4 24
6.7%
0.6%
Q3 24
7.2%
0.3%
Q2 24
3.3%
0.2%
Q1 24
5.1%
0.1%
Cash Conversion
AMPH
AMPH
UDMY
UDMY
Q4 25
1.35×
Q3 25
3.03×
9.58×
Q2 25
1.15×
7.06×
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%

UDMY
UDMY

Segment breakdown not available.

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