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

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $170.5M, roughly 1.4× Employers Holdings, Inc.). On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs -21.3%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs -11.4%).

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.

Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.

ANIP vs EIG — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.4× larger
ANIP
$247.1M
$170.5M
EIG
Growing faster (revenue YoY)
ANIP
ANIP
+50.9% gap
ANIP
29.6%
-21.3%
EIG
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
-11.4%
EIG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
EIG
EIG
Revenue
$247.1M
$170.5M
Net Profit
$27.5M
Gross Margin
Operating Margin
14.1%
Net Margin
11.1%
Revenue YoY
29.6%
-21.3%
Net Profit YoY
367.5%
EPS (diluted)
$1.14

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
EIG
EIG
Q1 26
$170.5M
Q4 25
$247.1M
$188.5M
Q3 25
$227.8M
$239.3M
Q2 25
$211.4M
$246.3M
Q1 25
$197.1M
$202.6M
Q4 24
$190.6M
$216.6M
Q3 24
$148.3M
$224.0M
Q2 24
$138.0M
$217.0M
Net Profit
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
$27.5M
Q3 25
$26.6M
$-8.3M
Q2 25
$8.5M
$29.7M
Q1 25
$15.7M
$12.8M
Q4 24
$-10.3M
Q3 24
$-24.2M
$30.3M
Q2 24
$-2.3M
$31.7M
Operating Margin
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
14.1%
Q3 25
15.9%
-4.7%
Q2 25
6.6%
15.0%
Q1 25
13.3%
7.8%
Q4 24
-2.3%
Q3 24
-13.8%
16.4%
Q2 24
3.7%
18.4%
Net Margin
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
11.1%
Q3 25
11.7%
-3.5%
Q2 25
4.0%
12.1%
Q1 25
8.0%
6.3%
Q4 24
-5.4%
Q3 24
-16.3%
13.5%
Q2 24
-1.7%
14.6%
EPS (diluted)
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
$1.14
$-0.93
Q3 25
$1.13
$-0.36
Q2 25
$0.36
$1.23
Q1 25
$0.69
$0.52
Q4 24
$-0.45
$1.14
Q3 24
$-1.27
$1.21
Q2 24
$-0.14
$1.25

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
EIG
EIG
Cash + ST InvestmentsLiquidity on hand
$285.6M
$169.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$955.7M
Total Assets
$1.4B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
EIG
EIG
Q1 26
$169.9M
Q4 25
$285.6M
$169.9M
Q3 25
$262.6M
$172.4M
Q2 25
$217.8M
$78.1M
Q1 25
$149.8M
$100.4M
Q4 24
$144.9M
$68.4M
Q3 24
$145.0M
$173.9M
Q2 24
$240.1M
$126.4M
Total Debt
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
$19.0M
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Stockholders' Equity
ANIP
ANIP
EIG
EIG
Q1 26
$955.7M
Q4 25
$540.7M
$955.7M
Q3 25
$505.8M
$1.0B
Q2 25
$436.8M
$1.1B
Q1 25
$418.6M
$1.1B
Q4 24
$403.7M
$1.1B
Q3 24
$405.9M
$1.1B
Q2 24
$455.8M
$1.0B
Total Assets
ANIP
ANIP
EIG
EIG
Q1 26
$3.4B
Q4 25
$1.4B
$3.4B
Q3 25
$1.4B
$3.5B
Q2 25
$1.3B
$3.5B
Q1 25
$1.3B
$3.6B
Q4 24
$1.3B
$3.5B
Q3 24
$1.3B
$3.6B
Q2 24
$920.8M
$3.5B
Debt / Equity
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
0.02×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 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
EIG
EIG
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
EIG
EIG
Q1 26
Q4 25
$30.4M
$44.7M
Q3 25
$44.1M
$29.4M
Q2 25
$75.8M
$0
Q1 25
$35.0M
$14.6M
Q4 24
$15.9M
$76.4M
Q3 24
$12.5M
$51.0M
Q2 24
$17.4M
$11.7M
Free Cash Flow
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
$29.1M
$44.6M
Q3 25
$38.0M
Q2 25
$71.8M
Q1 25
$32.5M
Q4 24
$13.5M
$76.3M
Q3 24
$7.7M
Q2 24
$13.0M
FCF Margin
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
11.8%
23.7%
Q3 25
16.7%
Q2 25
34.0%
Q1 25
16.5%
Q4 24
7.1%
35.2%
Q3 24
5.2%
Q2 24
9.4%
Capex Intensity
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
0.5%
0.1%
Q3 25
2.7%
Q2 25
1.9%
Q1 25
1.3%
Q4 24
1.3%
0.0%
Q3 24
3.2%
Q2 24
3.2%
Cash Conversion
ANIP
ANIP
EIG
EIG
Q1 26
Q4 25
1.10×
Q3 25
1.66×
Q2 25
8.87×
0.00×
Q1 25
2.23×
1.14×
Q4 24
Q3 24
1.68×
Q2 24
0.37×

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%

EIG
EIG

Segment breakdown not available.

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