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

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $247.1M, roughly 1.9× ANI PHARMACEUTICALS INC). Essex Property Trust runs the higher net margin — 17.9% vs 11.1%, a 6.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 5.5%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 6.0%).

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.

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

ANIP vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.9× larger
ESS
$479.6M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+24.1% gap
ANIP
29.6%
5.5%
ESS
Higher net margin
ESS
ESS
6.8% more per $
ESS
17.9%
11.1%
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
ESS
ESS
Revenue
$247.1M
$479.6M
Net Profit
$27.5M
$85.7M
Gross Margin
70.0%
Operating Margin
14.1%
31.7%
Net Margin
11.1%
17.9%
Revenue YoY
29.6%
5.5%
Net Profit YoY
367.5%
-71.6%
EPS (diluted)
$1.14
$1.24

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
ESS
ESS
Q4 25
$247.1M
$479.6M
Q3 25
$227.8M
$473.3M
Q2 25
$211.4M
$469.8M
Q1 25
$197.1M
$464.6M
Q4 24
$190.6M
$454.5M
Q3 24
$148.3M
$450.7M
Q2 24
$138.0M
$442.4M
Q1 24
$137.4M
$426.9M
Net Profit
ANIP
ANIP
ESS
ESS
Q4 25
$27.5M
$85.7M
Q3 25
$26.6M
$172.7M
Q2 25
$8.5M
$231.5M
Q1 25
$15.7M
$212.8M
Q4 24
$-10.3M
$301.7M
Q3 24
$-24.2M
$125.5M
Q2 24
$-2.3M
$99.0M
Q1 24
$18.2M
$285.1M
Gross Margin
ANIP
ANIP
ESS
ESS
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
Q3 24
69.5%
Q2 24
70.8%
Q1 24
69.7%
Operating Margin
ANIP
ANIP
ESS
ESS
Q4 25
14.1%
31.7%
Q3 25
15.9%
44.5%
Q2 25
6.6%
59.5%
Q1 25
13.3%
55.3%
Q4 24
-2.3%
67.0%
Q3 24
-13.8%
28.6%
Q2 24
3.7%
31.1%
Q1 24
14.8%
31.0%
Net Margin
ANIP
ANIP
ESS
ESS
Q4 25
11.1%
17.9%
Q3 25
11.7%
36.5%
Q2 25
4.0%
49.3%
Q1 25
8.0%
45.8%
Q4 24
-5.4%
66.4%
Q3 24
-16.3%
27.8%
Q2 24
-1.7%
22.4%
Q1 24
13.2%
66.8%
EPS (diluted)
ANIP
ANIP
ESS
ESS
Q4 25
$1.14
$1.24
Q3 25
$1.13
$2.56
Q2 25
$0.36
$3.44
Q1 25
$0.69
$3.16
Q4 24
$-0.45
$4.00
Q3 24
$-1.27
$1.84
Q2 24
$-0.14
$1.45
Q1 24
$0.82
$4.25

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$285.6M
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$5.5B
Total Assets
$1.4B
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
ESS
ESS
Q4 25
$285.6M
$76.2M
Q3 25
$262.6M
$66.0M
Q2 25
$217.8M
$58.7M
Q1 25
$149.8M
$98.7M
Q4 24
$144.9M
$66.8M
Q3 24
$145.0M
$71.3M
Q2 24
$240.1M
$55.2M
Q1 24
$228.6M
$499.0M
Total Debt
ANIP
ANIP
ESS
ESS
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
ANIP
ANIP
ESS
ESS
Q4 25
$540.7M
$5.5B
Q3 25
$505.8M
$5.6B
Q2 25
$436.8M
$5.6B
Q1 25
$418.6M
$5.6B
Q4 24
$403.7M
$5.5B
Q3 24
$405.9M
$5.4B
Q2 24
$455.8M
$5.5B
Q1 24
$452.0M
$5.5B
Total Assets
ANIP
ANIP
ESS
ESS
Q4 25
$1.4B
$13.2B
Q3 25
$1.4B
$13.2B
Q2 25
$1.3B
$13.2B
Q1 25
$1.3B
$13.2B
Q4 24
$1.3B
$12.9B
Q3 24
$1.3B
$12.6B
Q2 24
$920.8M
$12.5B
Q1 24
$914.5M
$12.9B
Debt / Equity
ANIP
ANIP
ESS
ESS
Q4 25
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
Q3 24
1.18×
Q2 24
1.13×
Q1 24
1.19×

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
ESS
ESS
Operating Cash FlowLast quarter
$30.4M
$1.1B
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.10×
12.53×
TTM Free Cash FlowTrailing 4 quarters
$171.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
ESS
ESS
Q4 25
$30.4M
$1.1B
Q3 25
$44.1M
$342.6M
Q2 25
$75.8M
$216.1M
Q1 25
$35.0M
$281.5M
Q4 24
$15.9M
$1.1B
Q3 24
$12.5M
$316.2M
Q2 24
$17.4M
$218.9M
Q1 24
$18.3M
$314.9M
Free Cash Flow
ANIP
ANIP
ESS
ESS
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
Q1 24
$13.7M
FCF Margin
ANIP
ANIP
ESS
ESS
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%
Q1 24
10.0%
Capex Intensity
ANIP
ANIP
ESS
ESS
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%
Q1 24
3.3%
Cash Conversion
ANIP
ANIP
ESS
ESS
Q4 25
1.10×
12.53×
Q3 25
1.66×
1.98×
Q2 25
8.87×
0.93×
Q1 25
2.23×
1.32×
Q4 24
3.54×
Q3 24
2.52×
Q2 24
2.21×
Q1 24
1.00×
1.10×

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%

ESS
ESS

Segment breakdown not available.

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