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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and AZZ INC (AZZ). Click either name above to swap in a different company.

AZZ INC is the larger business by last-quarter revenue ($385.1M vs $247.1M, roughly 1.6× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 4.1%, a 7.0% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs -75.6%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs -3.5%).

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.

AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.

ANIP vs AZZ — Head-to-Head

Bigger by revenue
AZZ
AZZ
1.6× larger
AZZ
$385.1M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+105.2% gap
ANIP
29.6%
-75.6%
AZZ
Higher net margin
ANIP
ANIP
7.0% more per $
ANIP
11.1%
4.1%
AZZ
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
-3.5%
AZZ

Income Statement — Q4 FY2025 vs Q4 FY2027

Metric
ANIP
ANIP
AZZ
AZZ
Revenue
$247.1M
$385.1M
Net Profit
$27.5M
$15.9M
Gross Margin
22.7%
Operating Margin
14.1%
14.8%
Net Margin
11.1%
4.1%
Revenue YoY
29.6%
-75.6%
Net Profit YoY
367.5%
-21.2%
EPS (diluted)
$1.14
$0.53

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
AZZ
AZZ
Q4 26
$385.1M
Q4 25
$247.1M
$425.7M
Q3 25
$227.8M
$417.3M
Q2 25
$211.4M
$422.0M
Q1 25
$197.1M
$351.9M
Q4 24
$190.6M
$403.7M
Q3 24
$148.3M
$409.0M
Q2 24
$138.0M
$413.2M
Net Profit
ANIP
ANIP
AZZ
AZZ
Q4 26
$15.9M
Q4 25
$27.5M
$41.1M
Q3 25
$26.6M
$89.3M
Q2 25
$8.5M
$170.9M
Q1 25
$15.7M
$20.2M
Q4 24
$-10.3M
$33.6M
Q3 24
$-24.2M
$35.4M
Q2 24
$-2.3M
$39.6M
Gross Margin
ANIP
ANIP
AZZ
AZZ
Q4 26
22.7%
Q4 25
23.9%
Q3 25
24.3%
Q2 25
24.7%
Q1 25
22.4%
Q4 24
24.2%
Q3 24
25.3%
Q2 24
24.8%
Operating Margin
ANIP
ANIP
AZZ
AZZ
Q4 26
14.8%
Q4 25
14.1%
16.3%
Q3 25
15.9%
16.4%
Q2 25
6.6%
16.5%
Q1 25
13.3%
11.5%
Q4 24
-2.3%
14.5%
Q3 24
-13.8%
16.5%
Q2 24
3.7%
16.9%
Net Margin
ANIP
ANIP
AZZ
AZZ
Q4 26
4.1%
Q4 25
11.1%
9.6%
Q3 25
11.7%
21.4%
Q2 25
4.0%
40.5%
Q1 25
8.0%
5.7%
Q4 24
-5.4%
8.3%
Q3 24
-16.3%
8.7%
Q2 24
-1.7%
9.6%
EPS (diluted)
ANIP
ANIP
AZZ
AZZ
Q4 26
$0.53
Q4 25
$1.14
$1.36
Q3 25
$1.13
$2.95
Q2 25
$0.36
$5.66
Q1 25
$0.69
$0.87
Q4 24
$-0.45
$1.12
Q3 24
$-1.27
$1.18
Q2 24
$-0.14
$-1.38

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
AZZ
AZZ
Cash + ST InvestmentsLiquidity on hand
$285.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$1.3B
Total Assets
$1.4B
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
AZZ
AZZ
Q4 26
Q4 25
$285.6M
$623.0K
Q3 25
$262.6M
$897.0K
Q2 25
$217.8M
$3.0M
Q1 25
$149.8M
$1.5M
Q4 24
$144.9M
$1.5M
Q3 24
$145.0M
$2.2M
Q2 24
$240.1M
$10.5M
Stockholders' Equity
ANIP
ANIP
AZZ
AZZ
Q4 26
$1.3B
Q4 25
$540.7M
$1.3B
Q3 25
$505.8M
$1.3B
Q2 25
$436.8M
$1.2B
Q1 25
$418.6M
$1.0B
Q4 24
$403.7M
$1.0B
Q3 24
$405.9M
$999.8M
Q2 24
$455.8M
$967.2M
Total Assets
ANIP
ANIP
AZZ
AZZ
Q4 26
$2.2B
Q4 25
$1.4B
$2.2B
Q3 25
$1.4B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.3B
$2.2B
Q4 24
$1.3B
$2.2B
Q3 24
$1.3B
$2.2B
Q2 24
$920.8M
$2.2B

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
AZZ
AZZ
Operating Cash FlowLast quarter
$30.4M
$525.4M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.10×
32.98×
TTM Free Cash FlowTrailing 4 quarters
$171.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
AZZ
AZZ
Q4 26
$525.4M
Q4 25
$30.4M
$79.7M
Q3 25
$44.1M
$58.4M
Q2 25
$75.8M
$314.8M
Q1 25
$35.0M
Q4 24
$15.9M
$66.2M
Q3 24
$12.5M
$47.5M
Q2 24
$17.4M
$71.9M
Free Cash Flow
ANIP
ANIP
AZZ
AZZ
Q4 26
Q4 25
$29.1M
$61.2M
Q3 25
$38.0M
$39.1M
Q2 25
$71.8M
$293.9M
Q1 25
$32.5M
Q4 24
$13.5M
$39.7M
Q3 24
$7.7M
$15.4M
Q2 24
$13.0M
$44.5M
FCF Margin
ANIP
ANIP
AZZ
AZZ
Q4 26
Q4 25
11.8%
14.4%
Q3 25
16.7%
9.4%
Q2 25
34.0%
69.6%
Q1 25
16.5%
Q4 24
7.1%
9.8%
Q3 24
5.2%
3.8%
Q2 24
9.4%
10.8%
Capex Intensity
ANIP
ANIP
AZZ
AZZ
Q4 26
Q4 25
0.5%
4.4%
Q3 25
2.7%
4.6%
Q2 25
1.9%
5.0%
Q1 25
1.3%
8.5%
Q4 24
1.3%
6.6%
Q3 24
3.2%
7.8%
Q2 24
3.2%
6.6%
Cash Conversion
ANIP
ANIP
AZZ
AZZ
Q4 26
32.98×
Q4 25
1.10×
1.94×
Q3 25
1.66×
0.65×
Q2 25
8.87×
1.84×
Q1 25
2.23×
Q4 24
1.97×
Q3 24
1.34×
Q2 24
1.82×

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%

AZZ
AZZ

Precoat Metals$203.5M53%
Metal Coatings$186.5M48%

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