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

CubeSmart is the larger business by last-quarter revenue ($281.9M vs $247.1M, roughly 1.1× ANI PHARMACEUTICALS INC). CubeSmart runs the higher net margin — 29.4% vs 11.1%, a 18.2% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 3.3%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 2.9%).

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.

CubeSmart is a real estate investment trust that invests in self storage facilities in the United States. As of December 31, 2024, it owned 631 self storage properties in 25 states and the District of Columbia containing 45.8 million rentable square feet. It is the 3rd largest self storage company in the United States.

ANIP vs CUBE — Head-to-Head

Bigger by revenue
CUBE
CUBE
1.1× larger
CUBE
$281.9M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+26.4% gap
ANIP
29.6%
3.3%
CUBE
Higher net margin
CUBE
CUBE
18.2% more per $
CUBE
29.4%
11.1%
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
2.9%
CUBE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
CUBE
CUBE
Revenue
$247.1M
$281.9M
Net Profit
$27.5M
$82.8M
Gross Margin
Operating Margin
14.1%
40.2%
Net Margin
11.1%
29.4%
Revenue YoY
29.6%
3.3%
Net Profit YoY
367.5%
-6.8%
EPS (diluted)
$1.14
$0.36

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
CUBE
CUBE
Q1 26
$281.9M
Q4 25
$247.1M
$282.7M
Q3 25
$227.8M
$285.1M
Q2 25
$211.4M
$282.3M
Q1 25
$197.1M
$273.0M
Q4 24
$190.6M
$267.7M
Q3 24
$148.3M
$270.9M
Q2 24
$138.0M
$266.2M
Net Profit
ANIP
ANIP
CUBE
CUBE
Q1 26
$82.8M
Q4 25
$27.5M
$77.7M
Q3 25
$26.6M
$82.4M
Q2 25
$8.5M
$82.4M
Q1 25
$15.7M
$88.7M
Q4 24
$-10.3M
$101.9M
Q3 24
$-24.2M
$101.0M
Q2 24
$-2.3M
$94.2M
Gross Margin
ANIP
ANIP
CUBE
CUBE
Q1 26
Q4 25
68.7%
Q3 25
68.1%
Q2 25
68.5%
Q1 25
69.6%
Q4 24
71.7%
Q3 24
69.8%
Q2 24
68.8%
Operating Margin
ANIP
ANIP
CUBE
CUBE
Q1 26
40.2%
Q4 25
14.1%
Q3 25
15.9%
Q2 25
6.6%
Q1 25
13.3%
Q4 24
-2.3%
Q3 24
-13.8%
Q2 24
3.7%
Net Margin
ANIP
ANIP
CUBE
CUBE
Q1 26
29.4%
Q4 25
11.1%
27.5%
Q3 25
11.7%
28.9%
Q2 25
4.0%
29.2%
Q1 25
8.0%
32.5%
Q4 24
-5.4%
38.1%
Q3 24
-16.3%
37.3%
Q2 24
-1.7%
35.4%
EPS (diluted)
ANIP
ANIP
CUBE
CUBE
Q1 26
$0.36
Q4 25
$1.14
$0.35
Q3 25
$1.13
$0.36
Q2 25
$0.36
$0.36
Q1 25
$0.69
$0.39
Q4 24
$-0.45
$0.45
Q3 24
$-1.27
$0.44
Q2 24
$-0.14
$0.41

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
CUBE
CUBE
Cash + ST InvestmentsLiquidity on hand
$285.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$2.7B
Total Assets
$1.4B
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
CUBE
CUBE
Q1 26
Q4 25
$285.6M
$5.8M
Q3 25
$262.6M
$108.4M
Q2 25
$217.8M
$8.7M
Q1 25
$149.8M
$10.8M
Q4 24
$144.9M
$71.6M
Q3 24
$145.0M
$43.5M
Q2 24
$240.1M
$5.7M
Stockholders' Equity
ANIP
ANIP
CUBE
CUBE
Q1 26
$2.7B
Q4 25
$540.7M
$2.7B
Q3 25
$505.8M
$2.8B
Q2 25
$436.8M
$2.8B
Q1 25
$418.6M
$2.8B
Q4 24
$403.7M
$2.9B
Q3 24
$405.9M
$2.8B
Q2 24
$455.8M
$2.8B
Total Assets
ANIP
ANIP
CUBE
CUBE
Q1 26
$6.6B
Q4 25
$1.4B
$6.6B
Q3 25
$1.4B
$6.8B
Q2 25
$1.3B
$6.7B
Q1 25
$1.3B
$6.7B
Q4 24
$1.3B
$6.4B
Q3 24
$1.3B
$6.2B
Q2 24
$920.8M
$6.2B

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
CUBE
CUBE
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.

Operating Cash Flow
ANIP
ANIP
CUBE
CUBE
Q1 26
Q4 25
$30.4M
$608.5M
Q3 25
$44.1M
$168.2M
Q2 25
$75.8M
$157.5M
Q1 25
$35.0M
$146.3M
Q4 24
$15.9M
$631.1M
Q3 24
$12.5M
$145.4M
Q2 24
$17.4M
$170.9M
Free Cash Flow
ANIP
ANIP
CUBE
CUBE
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
FCF Margin
ANIP
ANIP
CUBE
CUBE
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%
Capex Intensity
ANIP
ANIP
CUBE
CUBE
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%
Cash Conversion
ANIP
ANIP
CUBE
CUBE
Q1 26
Q4 25
1.10×
7.83×
Q3 25
1.66×
2.04×
Q2 25
8.87×
1.91×
Q1 25
2.23×
1.65×
Q4 24
6.19×
Q3 24
1.44×
Q2 24
1.81×

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%

CUBE
CUBE

Rental income$239.9M85%
Other$32.1M11%
Property management fee income$9.9M4%

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