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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and USA Compression Partners, LP (USAC). Click either name above to swap in a different company.

USA Compression Partners, LP is the larger business by last-quarter revenue ($252.5M vs $183.1M, roughly 1.4× Amphastar Pharmaceuticals, Inc.). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs 11.0%, a 2.3% gap on every dollar of revenue. On growth, USA Compression Partners, LP posted the faster year-over-year revenue change (2.7% vs -1.8%). USA Compression Partners, LP produced more free cash flow last quarter ($87.7M vs $24.6M). Over the past eight quarters, USA Compression Partners, LP's revenue compounded faster (4.9% 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.

USA Compression Partners, LP is a US-based provider of natural gas compression services and related infrastructure solutions. It serves clients across the upstream, midstream, and downstream segments of the oil and gas industry, offering custom compression systems, maintenance, and operational support to facilitate efficient natural gas production, processing, and transportation.

AMPH vs USAC — Head-to-Head

Bigger by revenue
USAC
USAC
1.4× larger
USAC
$252.5M
$183.1M
AMPH
Growing faster (revenue YoY)
USAC
USAC
+4.5% gap
USAC
2.7%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
2.3% more per $
AMPH
13.3%
11.0%
USAC
More free cash flow
USAC
USAC
$63.1M more FCF
USAC
$87.7M
$24.6M
AMPH
Faster 2-yr revenue CAGR
USAC
USAC
Annualised
USAC
4.9%
3.2%
AMPH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
USAC
USAC
Revenue
$183.1M
$252.5M
Net Profit
$24.4M
$27.8M
Gross Margin
46.8%
Operating Margin
19.4%
30.3%
Net Margin
13.3%
11.0%
Revenue YoY
-1.8%
2.7%
Net Profit YoY
-35.7%
9.1%
EPS (diluted)
$0.51

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
USAC
USAC
Q4 25
$183.1M
$252.5M
Q3 25
$191.8M
$250.3M
Q2 25
$174.4M
$250.1M
Q1 25
$170.5M
$245.2M
Q4 24
$186.5M
$245.9M
Q3 24
$191.2M
$240.0M
Q2 24
$182.4M
$235.3M
Q1 24
$171.8M
$229.3M
Net Profit
AMPH
AMPH
USAC
USAC
Q4 25
$24.4M
$27.8M
Q3 25
$17.4M
$34.5M
Q2 25
$31.0M
$28.6M
Q1 25
$25.3M
$20.5M
Q4 24
$38.0M
$25.4M
Q3 24
$40.4M
$19.3M
Q2 24
$37.9M
$31.2M
Q1 24
$43.2M
$23.6M
Gross Margin
AMPH
AMPH
USAC
USAC
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
USAC
USAC
Q4 25
19.4%
30.3%
Q3 25
13.2%
33.5%
Q2 25
24.2%
30.6%
Q1 25
21.9%
28.3%
Q4 24
24.2%
30.3%
Q3 24
29.8%
31.5%
Q2 24
30.3%
32.9%
Q1 24
27.9%
29.2%
Net Margin
AMPH
AMPH
USAC
USAC
Q4 25
13.3%
11.0%
Q3 25
9.0%
13.8%
Q2 25
17.8%
11.4%
Q1 25
14.8%
8.4%
Q4 24
20.4%
10.3%
Q3 24
21.1%
8.1%
Q2 24
20.8%
13.3%
Q1 24
25.1%
10.3%
EPS (diluted)
AMPH
AMPH
USAC
USAC
Q4 25
$0.51
Q3 25
$0.37
Q2 25
$0.64
Q1 25
$0.51
Q4 24
$0.74
Q3 24
$0.78
Q2 24
$0.73
Q1 24
$0.81

Balance Sheet & Financial Strength

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

Metric
AMPH
AMPH
USAC
USAC
Cash + ST InvestmentsLiquidity on hand
$282.8M
$8.6M
Total DebtLower is stronger
$608.7M
$2.5B
Stockholders' EquityBook value
$788.8M
Total Assets
$1.6B
$2.6B
Debt / EquityLower = less leverage
0.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
USAC
USAC
Q4 25
$282.8M
$8.6M
Q3 25
$276.2M
Q2 25
$231.8M
$2.0K
Q1 25
$236.9M
$2.0K
Q4 24
$221.6M
$14.0K
Q3 24
$250.5M
$79.0K
Q2 24
$217.8M
$9.0K
Q1 24
$289.6M
$8.0K
Total Debt
AMPH
AMPH
USAC
USAC
Q4 25
$608.7M
$2.5B
Q3 25
$608.6M
$2.5B
Q2 25
$607.7M
$2.5B
Q1 25
$603.9M
$2.5B
Q4 24
$601.6M
$2.5B
Q3 24
$596.4M
$2.5B
Q2 24
$586.9M
$2.5B
Q1 24
$594.0M
$2.5B
Stockholders' Equity
AMPH
AMPH
USAC
USAC
Q4 25
$788.8M
Q3 25
$776.7M
Q2 25
$757.5M
Q1 25
$751.3M
Q4 24
$732.3M
Q3 24
$727.7M
Q2 24
$713.3M
Q1 24
$672.4M
Total Assets
AMPH
AMPH
USAC
USAC
Q4 25
$1.6B
$2.6B
Q3 25
$1.7B
$2.7B
Q2 25
$1.6B
$2.7B
Q1 25
$1.6B
$2.7B
Q4 24
$1.6B
$2.7B
Q3 24
$1.5B
$2.8B
Q2 24
$1.5B
$2.8B
Q1 24
$1.6B
$2.8B
Debt / Equity
AMPH
AMPH
USAC
USAC
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
USAC
USAC
Operating Cash FlowLast quarter
$32.9M
$139.5M
Free Cash FlowOCF − Capex
$24.6M
$87.7M
FCF MarginFCF / Revenue
13.4%
34.8%
Capex IntensityCapex / Revenue
4.5%
20.5%
Cash ConversionOCF / Net Profit
1.35×
5.02×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$277.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
USAC
USAC
Q4 25
$32.9M
$139.5M
Q3 25
$52.6M
$75.9M
Q2 25
$35.6M
$124.2M
Q1 25
$35.1M
$54.7M
Q4 24
$29.0M
$130.2M
Q3 24
$60.0M
$48.5M
Q2 24
$69.1M
$96.7M
Q1 24
$55.3M
$65.9M
Free Cash Flow
AMPH
AMPH
USAC
USAC
Q4 25
$24.6M
$87.7M
Q3 25
$47.2M
$51.9M
Q2 25
$25.0M
$101.1M
Q1 25
$24.4M
$36.3M
Q4 24
$16.6M
$101.2M
Q3 24
$46.2M
$19.8M
Q2 24
$63.1M
$48.2M
Q1 24
$46.5M
$-32.7M
FCF Margin
AMPH
AMPH
USAC
USAC
Q4 25
13.4%
34.8%
Q3 25
24.6%
20.7%
Q2 25
14.3%
40.4%
Q1 25
14.3%
14.8%
Q4 24
8.9%
41.1%
Q3 24
24.1%
8.2%
Q2 24
34.6%
20.5%
Q1 24
27.1%
-14.3%
Capex Intensity
AMPH
AMPH
USAC
USAC
Q4 25
4.5%
20.5%
Q3 25
2.8%
9.6%
Q2 25
6.1%
9.3%
Q1 25
6.3%
7.5%
Q4 24
6.7%
11.8%
Q3 24
7.2%
12.0%
Q2 24
3.3%
20.6%
Q1 24
5.1%
43.0%
Cash Conversion
AMPH
AMPH
USAC
USAC
Q4 25
1.35×
5.02×
Q3 25
3.03×
2.20×
Q2 25
1.15×
4.35×
Q1 25
1.39×
2.66×
Q4 24
0.76×
5.12×
Q3 24
1.48×
2.51×
Q2 24
1.82×
3.10×
Q1 24
1.28×
2.80×

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%

USAC
USAC

Revenue From Contract Operations Excluding Revenue From Related Party$231.7M92%
Entities Affiliated With Energy Transfer LP$16.6M7%
Transferred At Point In Time$5.4M2%

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