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

COMMVAULT SYSTEMS INC is the larger business by last-quarter revenue ($311.7M vs $247.1M, roughly 1.3× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 4.7%, a 6.4% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 13.3%). COMMVAULT SYSTEMS INC produced more free cash flow last quarter ($131.8M vs $29.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 17.8%).

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.

Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.

ANIP vs CVLT — Head-to-Head

Bigger by revenue
CVLT
CVLT
1.3× larger
CVLT
$311.7M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+16.3% gap
ANIP
29.6%
13.3%
CVLT
Higher net margin
ANIP
ANIP
6.4% more per $
ANIP
11.1%
4.7%
CVLT
More free cash flow
CVLT
CVLT
$102.7M more FCF
CVLT
$131.8M
$29.1M
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
17.8%
CVLT

Income Statement — Q4 FY2025 vs Q4 FY2026

Metric
ANIP
ANIP
CVLT
CVLT
Revenue
$247.1M
$311.7M
Net Profit
$27.5M
$14.6M
Gross Margin
81.4%
Operating Margin
14.1%
5.3%
Net Margin
11.1%
4.7%
Revenue YoY
29.6%
13.3%
Net Profit YoY
367.5%
EPS (diluted)
$1.14
$0.34

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
CVLT
CVLT
Q1 26
$311.7M
Q4 25
$247.1M
$313.8M
Q3 25
$227.8M
$276.2M
Q2 25
$211.4M
$282.0M
Q1 25
$197.1M
$275.0M
Q4 24
$190.6M
$262.6M
Q3 24
$148.3M
$233.3M
Q2 24
$138.0M
$224.7M
Net Profit
ANIP
ANIP
CVLT
CVLT
Q1 26
$14.6M
Q4 25
$27.5M
$17.8M
Q3 25
$26.6M
$14.7M
Q2 25
$8.5M
$23.5M
Q1 25
$15.7M
$31.0M
Q4 24
$-10.3M
$11.0M
Q3 24
$-24.2M
$15.6M
Q2 24
$-2.3M
$18.5M
Gross Margin
ANIP
ANIP
CVLT
CVLT
Q1 26
81.4%
Q4 25
81.1%
Q3 25
80.1%
Q2 25
82.0%
Q1 25
82.6%
Q4 24
81.5%
Q3 24
81.6%
Q2 24
82.3%
Operating Margin
ANIP
ANIP
CVLT
CVLT
Q1 26
5.3%
Q4 25
14.1%
6.3%
Q3 25
15.9%
4.5%
Q2 25
6.6%
8.9%
Q1 25
13.3%
9.7%
Q4 24
-2.3%
5.2%
Q3 24
-13.8%
6.4%
Q2 24
3.7%
8.2%
Net Margin
ANIP
ANIP
CVLT
CVLT
Q1 26
4.7%
Q4 25
11.1%
5.7%
Q3 25
11.7%
5.3%
Q2 25
4.0%
8.3%
Q1 25
8.0%
11.3%
Q4 24
-5.4%
4.2%
Q3 24
-16.3%
6.7%
Q2 24
-1.7%
8.2%
EPS (diluted)
ANIP
ANIP
CVLT
CVLT
Q1 26
$0.34
Q4 25
$1.14
$0.40
Q3 25
$1.13
$0.33
Q2 25
$0.36
$0.52
Q1 25
$0.69
$0.68
Q4 24
$-0.45
$0.24
Q3 24
$-1.27
$0.35
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
CVLT
CVLT
Cash + ST InvestmentsLiquidity on hand
$285.6M
$900.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$7.5M
Total Assets
$1.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
CVLT
CVLT
Q1 26
$900.0M
Q4 25
$285.6M
$1.0B
Q3 25
$262.6M
$1.1B
Q2 25
$217.8M
$363.2M
Q1 25
$149.8M
$302.1M
Q4 24
$144.9M
$243.6M
Q3 24
$145.0M
$303.1M
Q2 24
$240.1M
$287.9M
Stockholders' Equity
ANIP
ANIP
CVLT
CVLT
Q1 26
$7.5M
Q4 25
$540.7M
$216.7M
Q3 25
$505.8M
$210.5M
Q2 25
$436.8M
$364.7M
Q1 25
$418.6M
$325.1M
Q4 24
$403.7M
$287.8M
Q3 24
$405.9M
$277.8M
Q2 24
$455.8M
$281.8M
Total Assets
ANIP
ANIP
CVLT
CVLT
Q1 26
$1.9B
Q4 25
$1.4B
$2.0B
Q3 25
$1.4B
$1.9B
Q2 25
$1.3B
$1.2B
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$1.0B
Q3 24
$1.3B
$958.5M
Q2 24
$920.8M
$934.9M

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
CVLT
CVLT
Operating Cash FlowLast quarter
$30.4M
$132.2M
Free Cash FlowOCF − Capex
$29.1M
$131.8M
FCF MarginFCF / Revenue
11.8%
42.3%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.10×
9.02×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$237.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
CVLT
CVLT
Q1 26
$132.2M
Q4 25
$30.4M
$4.0M
Q3 25
$44.1M
$76.8M
Q2 25
$75.8M
$31.7M
Q1 25
$35.0M
$77.0M
Q4 24
$15.9M
$30.1M
Q3 24
$12.5M
$55.6M
Q2 24
$17.4M
$44.7M
Free Cash Flow
ANIP
ANIP
CVLT
CVLT
Q1 26
$131.8M
Q4 25
$29.1M
$1.9M
Q3 25
$38.0M
$73.6M
Q2 25
$71.8M
$29.8M
Q1 25
$32.5M
$76.2M
Q4 24
$13.5M
$29.9M
Q3 24
$7.7M
$53.7M
Q2 24
$13.0M
$43.8M
FCF Margin
ANIP
ANIP
CVLT
CVLT
Q1 26
42.3%
Q4 25
11.8%
0.6%
Q3 25
16.7%
26.6%
Q2 25
34.0%
10.6%
Q1 25
16.5%
27.7%
Q4 24
7.1%
11.4%
Q3 24
5.2%
23.0%
Q2 24
9.4%
19.5%
Capex Intensity
ANIP
ANIP
CVLT
CVLT
Q1 26
Q4 25
0.5%
0.7%
Q3 25
2.7%
1.2%
Q2 25
1.9%
0.7%
Q1 25
1.3%
0.3%
Q4 24
1.3%
0.1%
Q3 24
3.2%
0.8%
Q2 24
3.2%
0.4%
Cash Conversion
ANIP
ANIP
CVLT
CVLT
Q1 26
9.02×
Q4 25
1.10×
0.23×
Q3 25
1.66×
5.21×
Q2 25
8.87×
1.35×
Q1 25
2.23×
2.48×
Q4 24
2.74×
Q3 24
3.57×
Q2 24
2.41×

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%

CVLT
CVLT

Term-based license$114.4M37%
Software-as-a-service$93.1M30%
Customer support$80.9M26%
Other$13.1M4%
Perpetual license$10.1M3%

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