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

DT Midstream, Inc. is the larger business by last-quarter revenue ($317.0M vs $247.1M, roughly 1.3× ANI PHARMACEUTICALS INC). DT Midstream, Inc. runs the higher net margin — 35.0% vs 11.1%, a 23.9% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 27.3%). DT Midstream, Inc. produced more free cash flow last quarter ($30.0M vs $29.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 14.9%).

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.

Oneok, Inc. ONE-oak, stylized as ONEOK, is an American oil and gas midstream operator headquartered in Tulsa, Oklahoma. It provides the oil and gas industry with gathering, processing, fractionation, transportation, and storage services. The company is part of the Fortune 500 and S&P 500. Oneok was founded as Oklahoma Natural Gas Company in 1906, but it changed its corporate name to Oneok in 1980.

ANIP vs DTM — Head-to-Head

Bigger by revenue
DTM
DTM
1.3× larger
DTM
$317.0M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+2.3% gap
ANIP
29.6%
27.3%
DTM
Higher net margin
DTM
DTM
23.9% more per $
DTM
35.0%
11.1%
ANIP
More free cash flow
DTM
DTM
$877.0K more FCF
DTM
$30.0M
$29.1M
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
14.9%
DTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
DTM
DTM
Revenue
$247.1M
$317.0M
Net Profit
$27.5M
$111.0M
Gross Margin
Operating Margin
14.1%
49.2%
Net Margin
11.1%
35.0%
Revenue YoY
29.6%
27.3%
Net Profit YoY
367.5%
52.1%
EPS (diluted)
$1.14
$1.07

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
DTM
DTM
Q4 25
$247.1M
$317.0M
Q3 25
$227.8M
$314.0M
Q2 25
$211.4M
$309.0M
Q1 25
$197.1M
$303.0M
Q4 24
$190.6M
$249.0M
Q3 24
$148.3M
$248.0M
Q2 24
$138.0M
$244.0M
Q1 24
$137.4M
$240.0M
Net Profit
ANIP
ANIP
DTM
DTM
Q4 25
$27.5M
$111.0M
Q3 25
$26.6M
$115.0M
Q2 25
$8.5M
$107.0M
Q1 25
$15.7M
$108.0M
Q4 24
$-10.3M
$73.0M
Q3 24
$-24.2M
$88.0M
Q2 24
$-2.3M
$96.0M
Q1 24
$18.2M
$97.0M
Operating Margin
ANIP
ANIP
DTM
DTM
Q4 25
14.1%
49.2%
Q3 25
15.9%
49.4%
Q2 25
6.6%
50.2%
Q1 25
13.3%
48.8%
Q4 24
-2.3%
45.4%
Q3 24
-13.8%
49.2%
Q2 24
3.7%
53.3%
Q1 24
14.8%
51.7%
Net Margin
ANIP
ANIP
DTM
DTM
Q4 25
11.1%
35.0%
Q3 25
11.7%
36.6%
Q2 25
4.0%
34.6%
Q1 25
8.0%
35.6%
Q4 24
-5.4%
29.3%
Q3 24
-16.3%
35.5%
Q2 24
-1.7%
39.3%
Q1 24
13.2%
40.4%
EPS (diluted)
ANIP
ANIP
DTM
DTM
Q4 25
$1.14
$1.07
Q3 25
$1.13
$1.13
Q2 25
$0.36
$1.04
Q1 25
$0.69
$1.06
Q4 24
$-0.45
$0.73
Q3 24
$-1.27
$0.90
Q2 24
$-0.14
$0.98
Q1 24
$0.82
$0.99

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
DTM
DTM
Cash + ST InvestmentsLiquidity on hand
$285.6M
$54.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$4.7B
Total Assets
$1.4B
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
DTM
DTM
Q4 25
$285.6M
$54.0M
Q3 25
$262.6M
$98.0M
Q2 25
$217.8M
$74.0M
Q1 25
$149.8M
$83.0M
Q4 24
$144.9M
$68.0M
Q3 24
$145.0M
$77.0M
Q2 24
$240.1M
$73.0M
Q1 24
$228.6M
$41.0M
Total Debt
ANIP
ANIP
DTM
DTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$3.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANIP
ANIP
DTM
DTM
Q4 25
$540.7M
$4.7B
Q3 25
$505.8M
$4.7B
Q2 25
$436.8M
$4.7B
Q1 25
$418.6M
$4.6B
Q4 24
$403.7M
$4.6B
Q3 24
$405.9M
$4.2B
Q2 24
$455.8M
$4.2B
Q1 24
$452.0M
$4.2B
Total Assets
ANIP
ANIP
DTM
DTM
Q4 25
$1.4B
$10.1B
Q3 25
$1.4B
$10.1B
Q2 25
$1.3B
$10.0B
Q1 25
$1.3B
$9.9B
Q4 24
$1.3B
$9.9B
Q3 24
$1.3B
$8.6B
Q2 24
$920.8M
$9.0B
Q1 24
$914.5M
$9.0B
Debt / Equity
ANIP
ANIP
DTM
DTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.72×
Q3 24
Q2 24
Q1 24

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
DTM
DTM
Operating Cash FlowLast quarter
$30.4M
$161.0M
Free Cash FlowOCF − Capex
$29.1M
$30.0M
FCF MarginFCF / Revenue
11.8%
9.5%
Capex IntensityCapex / Revenue
0.5%
41.3%
Cash ConversionOCF / Net Profit
1.10×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$441.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
DTM
DTM
Q4 25
$30.4M
$161.0M
Q3 25
$44.1M
$274.0M
Q2 25
$75.8M
$185.0M
Q1 25
$35.0M
$247.0M
Q4 24
$15.9M
$152.0M
Q3 24
$12.5M
$205.0M
Q2 24
$17.4M
$165.0M
Q1 24
$18.3M
$241.0M
Free Cash Flow
ANIP
ANIP
DTM
DTM
Q4 25
$29.1M
$30.0M
Q3 25
$38.0M
$131.0M
Q2 25
$71.8M
$104.0M
Q1 25
$32.5M
$176.0M
Q4 24
$13.5M
$62.0M
Q3 24
$7.7M
$124.0M
Q2 24
$13.0M
$84.0M
Q1 24
$13.7M
$143.0M
FCF Margin
ANIP
ANIP
DTM
DTM
Q4 25
11.8%
9.5%
Q3 25
16.7%
41.7%
Q2 25
34.0%
33.7%
Q1 25
16.5%
58.1%
Q4 24
7.1%
24.9%
Q3 24
5.2%
50.0%
Q2 24
9.4%
34.4%
Q1 24
10.0%
59.6%
Capex Intensity
ANIP
ANIP
DTM
DTM
Q4 25
0.5%
41.3%
Q3 25
2.7%
45.5%
Q2 25
1.9%
26.2%
Q1 25
1.3%
23.4%
Q4 24
1.3%
36.1%
Q3 24
3.2%
32.7%
Q2 24
3.2%
33.2%
Q1 24
3.3%
40.8%
Cash Conversion
ANIP
ANIP
DTM
DTM
Q4 25
1.10×
1.45×
Q3 25
1.66×
2.38×
Q2 25
8.87×
1.73×
Q1 25
2.23×
2.29×
Q4 24
2.08×
Q3 24
2.33×
Q2 24
1.72×
Q1 24
1.00×
2.48×

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%

DTM
DTM

Pipeline Segment$173.0M55%
Gathering Segment$144.0M45%

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