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Side-by-side financial comparison of Amneal Pharmaceuticals, Inc. (AMRX) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.

Amneal Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($722.5M vs $430.0M, roughly 1.7× PEGASYSTEMS INC). Amneal Pharmaceuticals, Inc. runs the higher net margin — 10.8% vs 7.6%, a 3.2% gap on every dollar of revenue. On growth, Amneal Pharmaceuticals, Inc. posted the faster year-over-year revenue change (3.9% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 1.5%).

Amneal Pharmaceuticals, Inc. is an American publicly traded pharmaceutical company that develops, manufactures and distributes generics and specialty pharmaceutical products. The company is headquartered in Bridgewater, New Jersey, and is one of the largest manufacturers of generic drugs in the United States.

Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.

AMRX vs PEGA — Head-to-Head

Bigger by revenue
AMRX
AMRX
1.7× larger
AMRX
$722.5M
$430.0M
PEGA
Growing faster (revenue YoY)
AMRX
AMRX
+13.5% gap
AMRX
3.9%
-9.6%
PEGA
Higher net margin
AMRX
AMRX
3.2% more per $
AMRX
10.8%
7.6%
PEGA
Faster 2-yr revenue CAGR
PEGA
PEGA
Annualised
PEGA
10.7%
1.5%
AMRX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AMRX
AMRX
PEGA
PEGA
Revenue
$722.5M
$430.0M
Net Profit
$78.0M
$32.8M
Gross Margin
44.3%
75.2%
Operating Margin
8.6%
Net Margin
10.8%
7.6%
Revenue YoY
3.9%
-9.6%
Net Profit YoY
217.0%
EPS (diluted)
$0.19
$0.18

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
AMRX
AMRX
PEGA
PEGA
Q1 26
$722.5M
$430.0M
Q4 25
$814.3M
$504.3M
Q3 25
$784.5M
$381.4M
Q2 25
$724.5M
$384.5M
Q1 25
$695.4M
$475.6M
Q4 24
$730.5M
$490.8M
Q3 24
$702.5M
$325.1M
Q2 24
$701.8M
$351.2M
Net Profit
AMRX
AMRX
PEGA
PEGA
Q1 26
$78.0M
$32.8M
Q4 25
$35.1M
$234.6M
Q3 25
$2.4M
$43.4M
Q2 25
$22.4M
$30.1M
Q1 25
$12.2M
$85.4M
Q4 24
$-31.1M
$119.1M
Q3 24
$-156.0K
$-14.4M
Q2 24
$6.0M
$6.6M
Gross Margin
AMRX
AMRX
PEGA
PEGA
Q1 26
44.3%
75.2%
Q4 25
36.5%
79.5%
Q3 25
34.9%
72.2%
Q2 25
39.5%
71.5%
Q1 25
36.8%
78.5%
Q4 24
36.0%
79.1%
Q3 24
38.4%
70.2%
Q2 24
35.6%
72.4%
Operating Margin
AMRX
AMRX
PEGA
PEGA
Q1 26
8.6%
Q4 25
13.8%
20.7%
Q3 25
9.0%
3.8%
Q2 25
15.4%
4.5%
Q1 25
14.4%
26.7%
Q4 24
10.4%
29.1%
Q3 24
12.6%
-3.6%
Q2 24
13.6%
3.7%
Net Margin
AMRX
AMRX
PEGA
PEGA
Q1 26
10.8%
7.6%
Q4 25
4.3%
46.5%
Q3 25
0.3%
11.4%
Q2 25
3.1%
7.8%
Q1 25
1.8%
18.0%
Q4 24
-4.3%
24.3%
Q3 24
-0.0%
-4.4%
Q2 24
0.9%
1.9%
EPS (diluted)
AMRX
AMRX
PEGA
PEGA
Q1 26
$0.19
$0.18
Q4 25
$0.10
$0.81
Q3 25
$0.01
$0.24
Q2 25
$0.07
$0.17
Q1 25
$0.04
$0.91
Q4 24
$-0.10
$1.35
Q3 24
$0.00
$-0.17
Q2 24
$0.02
$0.07

Balance Sheet & Financial Strength

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

Metric
AMRX
AMRX
PEGA
PEGA
Cash + ST InvestmentsLiquidity on hand
$270.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$705.9M
Total Assets
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMRX
AMRX
PEGA
PEGA
Q1 26
$270.0M
Q4 25
$282.0M
$425.8M
Q3 25
$201.2M
$351.4M
Q2 25
$71.5M
$411.6M
Q1 25
$59.2M
$371.7M
Q4 24
$110.6M
$740.0M
Q3 24
$74.0M
$703.0M
Q2 24
$43.8M
$665.1M
Total Debt
AMRX
AMRX
PEGA
PEGA
Q1 26
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
AMRX
AMRX
PEGA
PEGA
Q1 26
$705.9M
Q4 25
$-70.8M
$787.4M
Q3 25
$-109.5M
$596.8M
Q2 25
$-112.1M
$624.5M
Q1 25
$-131.7M
$611.3M
Q4 24
$-109.3M
$585.5M
Q3 24
$-93.4M
$473.0M
Q2 24
$-57.5M
$435.4M
Total Assets
AMRX
AMRX
PEGA
PEGA
Q1 26
$1.6B
Q4 25
$3.7B
$1.6B
Q3 25
$3.6B
$1.3B
Q2 25
$3.4B
$1.3B
Q1 25
$3.4B
$1.3B
Q4 24
$3.5B
$1.8B
Q3 24
$3.5B
$1.6B
Q2 24
$3.5B
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMRX
AMRX
PEGA
PEGA
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$206.5M
FCF MarginFCF / Revenue
48.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMRX
AMRX
PEGA
PEGA
Q1 26
Q4 25
$130.3M
$158.4M
Q3 25
$118.5M
$56.3M
Q2 25
$83.8M
$86.3M
Q1 25
$7.4M
$204.2M
Q4 24
$118.1M
$95.2M
Q3 24
$141.8M
$30.5M
Q2 24
$39.7M
$40.1M
Free Cash Flow
AMRX
AMRX
PEGA
PEGA
Q1 26
$206.5M
Q4 25
$108.5M
$152.4M
Q3 25
$106.2M
$51.8M
Q2 25
$61.0M
$84.1M
Q1 25
$-5.8M
$202.3M
Q4 24
$102.9M
$92.4M
Q3 24
$124.8M
$27.4M
Q2 24
$29.0M
$38.8M
FCF Margin
AMRX
AMRX
PEGA
PEGA
Q1 26
48.0%
Q4 25
13.3%
30.2%
Q3 25
13.5%
13.6%
Q2 25
8.4%
21.9%
Q1 25
-0.8%
42.5%
Q4 24
14.1%
18.8%
Q3 24
17.8%
8.4%
Q2 24
4.1%
11.1%
Capex Intensity
AMRX
AMRX
PEGA
PEGA
Q1 26
Q4 25
2.7%
1.2%
Q3 25
1.6%
1.2%
Q2 25
3.2%
0.6%
Q1 25
1.9%
0.4%
Q4 24
2.1%
0.6%
Q3 24
2.4%
0.9%
Q2 24
1.5%
0.4%
Cash Conversion
AMRX
AMRX
PEGA
PEGA
Q1 26
Q4 25
3.72×
0.68×
Q3 25
50.00×
1.30×
Q2 25
3.74×
2.87×
Q1 25
0.61×
2.39×
Q4 24
0.80×
Q3 24
Q2 24
6.62×
6.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMRX
AMRX

Affordable Medicines net$423.0M59%
AvKARE net$166.0M23%
Specialty net$133.0M18%

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

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