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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Ascendis Pharma A/S (ASND). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $247.1M, roughly 1.1× ANI PHARMACEUTICALS INC). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 29.6%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 34.1%).

ANI Pharmaceuticals Inc is a U.S.-based specialty pharmaceutical firm that develops, manufactures and sells generic and branded prescription drugs. Its key segments cover dermatology, oncology, CNS therapies and anti-infectives, primarily serving U.S. healthcare providers, retail pharmacies and institutional medical clients.

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

ANIP vs ASND — Head-to-Head

Bigger by revenue
ASND
ASND
1.1× larger
ASND
$267.3M
$247.1M
ANIP
Growing faster (revenue YoY)
ASND
ASND
+12.7% gap
ASND
42.3%
29.6%
ANIP
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
34.1%
ANIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
ASND
ASND
Revenue
$247.1M
$267.3M
Net Profit
$27.5M
Gross Margin
90.5%
Operating Margin
14.1%
Net Margin
11.1%
Revenue YoY
29.6%
42.3%
Net Profit YoY
367.5%
EPS (diluted)
$1.14

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
ANIP
ANIP
ASND
ASND
Q4 25
$247.1M
$267.3M
Q3 25
$227.8M
$230.7M
Q2 25
$211.4M
$170.7M
Q1 25
$197.1M
$109.0M
Q4 24
$190.6M
$187.8M
Q3 24
$148.3M
$62.5M
Q2 24
$138.0M
$38.9M
Q1 24
$137.4M
$103.6M
Net Profit
ANIP
ANIP
ASND
ASND
Q4 25
$27.5M
Q3 25
$26.6M
$-65.9M
Q2 25
$8.5M
$-42.0M
Q1 25
$15.7M
$-102.2M
Q4 24
$-10.3M
Q3 24
$-24.2M
$-107.1M
Q2 24
$-2.3M
$-118.1M
Q1 24
$18.2M
$-141.5M
Gross Margin
ANIP
ANIP
ASND
ASND
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Q1 24
92.1%
Operating Margin
ANIP
ANIP
ASND
ASND
Q4 25
14.1%
Q3 25
15.9%
5.1%
Q2 25
6.6%
-33.5%
Q1 25
13.3%
-103.2%
Q4 24
-2.3%
Q3 24
-13.8%
-167.3%
Q2 24
3.7%
-370.2%
Q1 24
14.8%
-51.2%
Net Margin
ANIP
ANIP
ASND
ASND
Q4 25
11.1%
Q3 25
11.7%
-28.5%
Q2 25
4.0%
-24.6%
Q1 25
8.0%
-93.7%
Q4 24
-5.4%
Q3 24
-16.3%
-171.5%
Q2 24
-1.7%
-303.9%
Q1 24
13.2%
-136.6%
EPS (diluted)
ANIP
ANIP
ASND
ASND
Q4 25
$1.14
Q3 25
$1.13
Q2 25
$0.36
Q1 25
$0.69
Q4 24
$-0.45
Q3 24
$-1.27
Q2 24
$-0.14
Q1 24
$0.82

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
ASND
ASND
Cash + ST InvestmentsLiquidity on hand
$285.6M
$665.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$-175.8M
Total Assets
$1.4B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
ASND
ASND
Q4 25
$285.6M
$665.3M
Q3 25
$262.6M
$582.2M
Q2 25
$217.8M
$533.6M
Q1 25
$149.8M
$559.4M
Q4 24
$144.9M
$604.3M
Q3 24
$145.0M
$675.6M
Q2 24
$240.1M
$279.4M
Q1 24
$228.6M
$345.9M
Stockholders' Equity
ANIP
ANIP
ASND
ASND
Q4 25
$540.7M
$-175.8M
Q3 25
$505.8M
$-188.0M
Q2 25
$436.8M
$-202.6M
Q1 25
$418.6M
$-205.0M
Q4 24
$403.7M
$-114.2M
Q3 24
$405.9M
$-105.1M
Q2 24
$455.8M
$-346.8M
Q1 24
$452.0M
$-257.2M
Total Assets
ANIP
ANIP
ASND
ASND
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.2B
Q2 25
$1.3B
$1.2B
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$1.3B
Q3 24
$1.3B
$1.2B
Q2 24
$920.8M
$819.0M
Q1 24
$914.5M
$866.7M

Cash Flow & Capital Efficiency

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

Metric
ANIP
ANIP
ASND
ASND
Operating Cash FlowLast quarter
$30.4M
$58.2M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
ASND
ASND
Q4 25
$30.4M
$58.2M
Q3 25
$44.1M
Q2 25
$75.8M
Q1 25
$35.0M
$-15.5M
Q4 24
$15.9M
$-330.7M
Q3 24
$12.5M
Q2 24
$17.4M
Q1 24
$18.3M
$-109.7M
Free Cash Flow
ANIP
ANIP
ASND
ASND
Q4 25
$29.1M
Q3 25
$38.0M
Q2 25
$71.8M
Q1 25
$32.5M
Q4 24
$13.5M
Q3 24
$7.7M
Q2 24
$13.0M
Q1 24
$13.7M
FCF Margin
ANIP
ANIP
ASND
ASND
Q4 25
11.8%
Q3 25
16.7%
Q2 25
34.0%
Q1 25
16.5%
Q4 24
7.1%
Q3 24
5.2%
Q2 24
9.4%
Q1 24
10.0%
Capex Intensity
ANIP
ANIP
ASND
ASND
Q4 25
0.5%
Q3 25
2.7%
Q2 25
1.9%
Q1 25
1.3%
Q4 24
1.3%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
3.3%
Cash Conversion
ANIP
ANIP
ASND
ASND
Q4 25
1.10×
Q3 25
1.66×
Q2 25
8.87×
Q1 25
2.23×
Q4 24
Q3 24
Q2 24
Q1 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ANIP
ANIP

Sales Of Cortrophin Gel$111.4M45%
Sales Of Generic Pharmaceutical Products$100.8M41%
Sales Of ILUVIEN And YUTIQ$19.8M8%
Sales Of Established Brands$12.3M5%
Unapproved Products$6.5M3%
Sales Of Royalties And Other Pharmaceutical Services$2.7M1%

ASND
ASND

Segment breakdown not available.

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