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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and BRANDYWINE REALTY TRUST (BDN). Click either name above to swap in a different company.
ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $127.0M, roughly 1.9× BRANDYWINE REALTY TRUST). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -38.4%, a 49.6% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 4.5%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 0.7%).
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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
ANIP vs BDN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $247.1M | $127.0M |
| Net Profit | $27.5M | $-48.8M |
| Gross Margin | — | — |
| Operating Margin | 14.1% | 1.2% |
| Net Margin | 11.1% | -38.4% |
| Revenue YoY | 29.6% | 4.5% |
| Net Profit YoY | 367.5% | -80.4% |
| EPS (diluted) | $1.14 | $-0.28 |
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.
| Q1 26 | — | $127.0M | ||
| Q4 25 | $247.1M | $121.0M | ||
| Q3 25 | $227.8M | $121.4M | ||
| Q2 25 | $211.4M | $120.6M | ||
| Q1 25 | $197.1M | $121.5M | ||
| Q4 24 | $190.6M | $121.9M | ||
| Q3 24 | $148.3M | $131.8M | ||
| Q2 24 | $138.0M | $125.3M |
| Q1 26 | — | $-48.8M | ||
| Q4 25 | $27.5M | $-36.7M | ||
| Q3 25 | $26.6M | $-25.9M | ||
| Q2 25 | $8.5M | $-88.7M | ||
| Q1 25 | $15.7M | $-27.0M | ||
| Q4 24 | $-10.3M | $-44.5M | ||
| Q3 24 | $-24.2M | $-165.2M | ||
| Q2 24 | $-2.3M | $30.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 61.3% | ||
| Q3 25 | — | 62.6% | ||
| Q2 25 | — | 62.4% | ||
| Q1 25 | — | 60.8% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 64.9% | ||
| Q2 24 | — | 63.1% |
| Q1 26 | — | 1.2% | ||
| Q4 25 | 14.1% | 22.8% | ||
| Q3 25 | 15.9% | 20.8% | ||
| Q2 25 | 6.6% | -34.3% | ||
| Q1 25 | 13.3% | 12.5% | ||
| Q4 24 | -2.3% | 18.0% | ||
| Q3 24 | -13.8% | -7.2% | ||
| Q2 24 | 3.7% | 15.5% |
| Q1 26 | — | -38.4% | ||
| Q4 25 | 11.1% | -30.3% | ||
| Q3 25 | 11.7% | -21.3% | ||
| Q2 25 | 4.0% | -73.5% | ||
| Q1 25 | 8.0% | -22.2% | ||
| Q4 24 | -5.4% | -36.5% | ||
| Q3 24 | -16.3% | -125.4% | ||
| Q2 24 | -1.7% | 24.1% |
| Q1 26 | — | $-0.28 | ||
| Q4 25 | $1.14 | $-0.21 | ||
| Q3 25 | $1.13 | $-0.15 | ||
| Q2 25 | $0.36 | $-0.51 | ||
| Q1 25 | $0.69 | $-0.16 | ||
| Q4 24 | $-0.45 | $-0.25 | ||
| Q3 24 | $-1.27 | $-0.96 | ||
| Q2 24 | $-0.14 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $285.6M | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.7M | — |
| Total Assets | $1.4B | $3.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $36.2M | ||
| Q4 25 | $285.6M | $32.3M | ||
| Q3 25 | $262.6M | $75.5M | ||
| Q2 25 | $217.8M | $122.6M | ||
| Q1 25 | $149.8M | $29.4M | ||
| Q4 24 | $144.9M | $90.2M | ||
| Q3 24 | $145.0M | $36.5M | ||
| Q2 24 | $240.1M | $30.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $792.7M | ||
| Q3 25 | $505.8M | $841.5M | ||
| Q2 25 | $436.8M | $879.8M | ||
| Q1 25 | $418.6M | $993.6M | ||
| Q4 24 | $403.7M | $1.0B | ||
| Q3 24 | $405.9M | $1.1B | ||
| Q2 24 | $455.8M | $1.3B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.4B | $3.6B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.3B | $3.4B | ||
| Q1 25 | $1.3B | $3.4B | ||
| Q4 24 | $1.3B | $3.5B | ||
| Q3 24 | $1.3B | $3.6B | ||
| Q2 24 | $920.8M | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.23× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.63× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | — | 2.06× | ||
| Q2 24 | — | 1.73× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $30.4M | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $30.4M | $116.7M | ||
| Q3 25 | $44.1M | $47.5M | ||
| Q2 25 | $75.8M | $34.4M | ||
| Q1 25 | $35.0M | $6.3M | ||
| Q4 24 | $15.9M | $181.1M | ||
| Q3 24 | $12.5M | $52.2M | ||
| Q2 24 | $17.4M | $48.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 8.87× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANIP
| Sales Of Cortrophin Gel | $111.4M | 45% |
| Sales Of Generic Pharmaceutical Products | $100.8M | 41% |
| Sales Of ILUVIEN And YUTIQ | $19.8M | 8% |
| Sales Of Established Brands | $12.3M | 5% |
| Unapproved Products | $6.5M | 3% |
| Sales Of Royalties And Other Pharmaceutical Services | $2.7M | 1% |
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
