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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Dine Brands Global, Inc. (DIN). Click either name above to swap in a different company.

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $217.6M, roughly 1.1× Dine Brands Global, Inc.). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -5.6%, a 16.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 6.3%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-8.6M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 2.7%).

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.

Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.

ANIP vs DIN — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.1× larger
ANIP
$247.1M
$217.6M
DIN
Growing faster (revenue YoY)
ANIP
ANIP
+23.4% gap
ANIP
29.6%
6.3%
DIN
Higher net margin
ANIP
ANIP
16.8% more per $
ANIP
11.1%
-5.6%
DIN
More free cash flow
ANIP
ANIP
$37.7M more FCF
ANIP
$29.1M
$-8.6M
DIN
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
2.7%
DIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
DIN
DIN
Revenue
$247.1M
$217.6M
Net Profit
$27.5M
$-12.2M
Gross Margin
42.4%
Operating Margin
14.1%
-7.6%
Net Margin
11.1%
-5.6%
Revenue YoY
29.6%
6.3%
Net Profit YoY
367.5%
-336.1%
EPS (diluted)
$1.14
$-0.79

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
DIN
DIN
Q4 25
$247.1M
$217.6M
Q3 25
$227.8M
$216.2M
Q2 25
$211.4M
$230.8M
Q1 25
$197.1M
$214.8M
Q4 24
$190.6M
$204.8M
Q3 24
$148.3M
$195.0M
Q2 24
$138.0M
$206.3M
Q1 24
$137.4M
$206.2M
Net Profit
ANIP
ANIP
DIN
DIN
Q4 25
$27.5M
$-12.2M
Q3 25
$26.6M
$7.3M
Q2 25
$8.5M
$13.8M
Q1 25
$15.7M
$8.2M
Q4 24
$-10.3M
$5.2M
Q3 24
$-24.2M
$19.1M
Q2 24
$-2.3M
$23.2M
Q1 24
$18.2M
$17.5M
Gross Margin
ANIP
ANIP
DIN
DIN
Q4 25
42.4%
Q3 25
39.1%
Q2 25
40.0%
Q1 25
42.0%
Q4 24
41.7%
Q3 24
47.8%
Q2 24
48.1%
Q1 24
47.2%
Operating Margin
ANIP
ANIP
DIN
DIN
Q4 25
14.1%
-7.6%
Q3 25
15.9%
4.7%
Q2 25
6.6%
8.2%
Q1 25
13.3%
6.0%
Q4 24
-2.3%
3.8%
Q3 24
-13.8%
13.6%
Q2 24
3.7%
15.1%
Q1 24
14.8%
11.7%
Net Margin
ANIP
ANIP
DIN
DIN
Q4 25
11.1%
-5.6%
Q3 25
11.7%
3.4%
Q2 25
4.0%
6.0%
Q1 25
8.0%
3.8%
Q4 24
-5.4%
2.5%
Q3 24
-16.3%
9.8%
Q2 24
-1.7%
11.2%
Q1 24
13.2%
8.5%
EPS (diluted)
ANIP
ANIP
DIN
DIN
Q4 25
$1.14
$-0.79
Q3 25
$1.13
$0.48
Q2 25
$0.36
$0.89
Q1 25
$0.69
$0.53
Q4 24
$-0.45
$0.35
Q3 24
$-1.27
$1.24
Q2 24
$-0.14
$1.50
Q1 24
$0.82
$1.13

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
DIN
DIN
Cash + ST InvestmentsLiquidity on hand
$285.6M
$128.2M
Total DebtLower is stronger
$1.2B
Stockholders' EquityBook value
$540.7M
$-273.9M
Total Assets
$1.4B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
DIN
DIN
Q4 25
$285.6M
$128.2M
Q3 25
$262.6M
$167.9M
Q2 25
$217.8M
$194.2M
Q1 25
$149.8M
$186.5M
Q4 24
$144.9M
$186.7M
Q3 24
$145.0M
$169.6M
Q2 24
$240.1M
$153.5M
Q1 24
$228.6M
$145.0M
Total Debt
ANIP
ANIP
DIN
DIN
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
ANIP
ANIP
DIN
DIN
Q4 25
$540.7M
$-273.9M
Q3 25
$505.8M
$-231.9M
Q2 25
$436.8M
$-212.5M
Q1 25
$418.6M
$-215.7M
Q4 24
$403.7M
$-216.0M
Q3 24
$405.9M
$-216.7M
Q2 24
$455.8M
$-231.7M
Q1 24
$452.0M
$-244.8M
Total Assets
ANIP
ANIP
DIN
DIN
Q4 25
$1.4B
$1.7B
Q3 25
$1.4B
$1.8B
Q2 25
$1.3B
$1.8B
Q1 25
$1.3B
$1.8B
Q4 24
$1.3B
$1.8B
Q3 24
$1.3B
$1.7B
Q2 24
$920.8M
$1.7B
Q1 24
$914.5M
$1.7B

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
DIN
DIN
Operating Cash FlowLast quarter
$30.4M
$5.7M
Free Cash FlowOCF − Capex
$29.1M
$-8.6M
FCF MarginFCF / Revenue
11.8%
-3.9%
Capex IntensityCapex / Revenue
0.5%
6.6%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$53.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
DIN
DIN
Q4 25
$30.4M
$5.7M
Q3 25
$44.1M
$30.2M
Q2 25
$75.8M
$37.0M
Q1 25
$35.0M
$16.1M
Q4 24
$15.9M
$30.5M
Q3 24
$12.5M
$25.5M
Q2 24
$17.4M
$21.6M
Q1 24
$18.3M
$30.6M
Free Cash Flow
ANIP
ANIP
DIN
DIN
Q4 25
$29.1M
$-8.6M
Q3 25
$38.0M
$18.1M
Q2 25
$71.8M
$31.0M
Q1 25
$32.5M
$12.8M
Q4 24
$13.5M
$26.7M
Q3 24
$7.7M
$22.0M
Q2 24
$13.0M
$18.2M
Q1 24
$13.7M
$27.2M
FCF Margin
ANIP
ANIP
DIN
DIN
Q4 25
11.8%
-3.9%
Q3 25
16.7%
8.4%
Q2 25
34.0%
13.4%
Q1 25
16.5%
6.0%
Q4 24
7.1%
13.0%
Q3 24
5.2%
11.3%
Q2 24
9.4%
8.8%
Q1 24
10.0%
13.2%
Capex Intensity
ANIP
ANIP
DIN
DIN
Q4 25
0.5%
6.6%
Q3 25
2.7%
5.6%
Q2 25
1.9%
2.6%
Q1 25
1.3%
1.5%
Q4 24
1.3%
1.9%
Q3 24
3.2%
1.8%
Q2 24
3.2%
1.7%
Q1 24
3.3%
1.6%
Cash Conversion
ANIP
ANIP
DIN
DIN
Q4 25
1.10×
Q3 25
1.66×
4.12×
Q2 25
8.87×
2.68×
Q1 25
2.23×
1.97×
Q4 24
5.88×
Q3 24
1.34×
Q2 24
0.93×
Q1 24
1.00×
1.75×

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%

DIN
DIN

Franchisor$163.2M75%
Food And Beverage$27.3M13%
Proprietary Product Sales And Other$17.0M8%
Other$8.1M4%
Franchise And Development Fees$2.0M1%

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