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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $247.1M, roughly 1.1× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 5.6%, a 5.5% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 9.0%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-157.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs -9.6%).

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.

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

ANIP vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.1× larger
FOR
$273.0M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+20.6% gap
ANIP
29.6%
9.0%
FOR
Higher net margin
ANIP
ANIP
5.5% more per $
ANIP
11.1%
5.6%
FOR
More free cash flow
ANIP
ANIP
$186.2M more FCF
ANIP
$29.1M
$-157.1M
FOR
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
-9.6%
FOR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
FOR
FOR
Revenue
$247.1M
$273.0M
Net Profit
$27.5M
$15.4M
Gross Margin
20.1%
Operating Margin
14.1%
7.6%
Net Margin
11.1%
5.6%
Revenue YoY
29.6%
9.0%
Net Profit YoY
367.5%
-6.7%
EPS (diluted)
$1.14
$0.30

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
FOR
FOR
Q4 25
$247.1M
$273.0M
Q3 25
$227.8M
$670.5M
Q2 25
$211.4M
$390.5M
Q1 25
$197.1M
$351.0M
Q4 24
$190.6M
$250.4M
Q3 24
$148.3M
$551.3M
Q2 24
$138.0M
$318.4M
Q1 24
$137.4M
$333.8M
Net Profit
ANIP
ANIP
FOR
FOR
Q4 25
$27.5M
$15.4M
Q3 25
$26.6M
$86.9M
Q2 25
$8.5M
$32.9M
Q1 25
$15.7M
$31.6M
Q4 24
$-10.3M
$16.5M
Q3 24
$-24.2M
$81.5M
Q2 24
$-2.3M
$38.7M
Q1 24
$18.2M
$45.0M
Gross Margin
ANIP
ANIP
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
ANIP
ANIP
FOR
FOR
Q4 25
14.1%
7.6%
Q3 25
15.9%
16.9%
Q2 25
6.6%
11.2%
Q1 25
13.3%
11.6%
Q4 24
-2.3%
8.7%
Q3 24
-13.8%
19.7%
Q2 24
3.7%
16.2%
Q1 24
14.8%
17.6%
Net Margin
ANIP
ANIP
FOR
FOR
Q4 25
11.1%
5.6%
Q3 25
11.7%
13.0%
Q2 25
4.0%
8.4%
Q1 25
8.0%
9.0%
Q4 24
-5.4%
6.6%
Q3 24
-16.3%
14.8%
Q2 24
-1.7%
12.2%
Q1 24
13.2%
13.5%
EPS (diluted)
ANIP
ANIP
FOR
FOR
Q4 25
$1.14
$0.30
Q3 25
$1.13
$1.70
Q2 25
$0.36
$0.65
Q1 25
$0.69
$0.62
Q4 24
$-0.45
$0.32
Q3 24
$-1.27
$1.59
Q2 24
$-0.14
$0.76
Q1 24
$0.82
$0.89

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$285.6M
$211.7M
Total DebtLower is stronger
$793.2M
Stockholders' EquityBook value
$540.7M
$1.8B
Total Assets
$1.4B
$3.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
FOR
FOR
Q4 25
$285.6M
$211.7M
Q3 25
$262.6M
$379.2M
Q2 25
$217.8M
$189.2M
Q1 25
$149.8M
$174.3M
Q4 24
$144.9M
$132.0M
Q3 24
$145.0M
$481.2M
Q2 24
$240.1M
$359.2M
Q1 24
$228.6M
$416.2M
Total Debt
ANIP
ANIP
FOR
FOR
Q4 25
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
ANIP
ANIP
FOR
FOR
Q4 25
$540.7M
$1.8B
Q3 25
$505.8M
$1.8B
Q2 25
$436.8M
$1.7B
Q1 25
$418.6M
$1.6B
Q4 24
$403.7M
$1.6B
Q3 24
$405.9M
$1.6B
Q2 24
$455.8M
$1.5B
Q1 24
$452.0M
$1.5B
Total Assets
ANIP
ANIP
FOR
FOR
Q4 25
$1.4B
$3.2B
Q3 25
$1.4B
$3.1B
Q2 25
$1.3B
$3.1B
Q1 25
$1.3B
$3.0B
Q4 24
$1.3B
$3.0B
Q3 24
$1.3B
$2.8B
Q2 24
$920.8M
$2.7B
Q1 24
$914.5M
$2.6B
Debt / Equity
ANIP
ANIP
FOR
FOR
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$30.4M
$-157.0M
Free Cash FlowOCF − Capex
$29.1M
$-157.1M
FCF MarginFCF / Revenue
11.8%
-57.5%
Capex IntensityCapex / Revenue
0.5%
0.0%
Cash ConversionOCF / Net Profit
1.10×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
FOR
FOR
Q4 25
$30.4M
$-157.0M
Q3 25
$44.1M
$256.3M
Q2 25
$75.8M
$15.8M
Q1 25
$35.0M
$-19.8M
Q4 24
$15.9M
$-450.0M
Q3 24
$12.5M
$119.2M
Q2 24
$17.4M
$-61.7M
Q1 24
$18.3M
$-59.2M
Free Cash Flow
ANIP
ANIP
FOR
FOR
Q4 25
$29.1M
$-157.1M
Q3 25
$38.0M
$255.6M
Q2 25
$71.8M
$15.0M
Q1 25
$32.5M
$-20.5M
Q4 24
$13.5M
Q3 24
$7.7M
$118.4M
Q2 24
$13.0M
$-62.3M
Q1 24
$13.7M
$-59.8M
FCF Margin
ANIP
ANIP
FOR
FOR
Q4 25
11.8%
-57.5%
Q3 25
16.7%
38.1%
Q2 25
34.0%
3.8%
Q1 25
16.5%
-5.8%
Q4 24
7.1%
Q3 24
5.2%
21.5%
Q2 24
9.4%
-19.6%
Q1 24
10.0%
-17.9%
Capex Intensity
ANIP
ANIP
FOR
FOR
Q4 25
0.5%
0.0%
Q3 25
2.7%
0.1%
Q2 25
1.9%
0.2%
Q1 25
1.3%
0.2%
Q4 24
1.3%
0.0%
Q3 24
3.2%
0.1%
Q2 24
3.2%
0.2%
Q1 24
3.3%
0.2%
Cash Conversion
ANIP
ANIP
FOR
FOR
Q4 25
1.10×
-10.19×
Q3 25
1.66×
2.95×
Q2 25
8.87×
0.48×
Q1 25
2.23×
-0.63×
Q4 24
-27.27×
Q3 24
1.46×
Q2 24
-1.59×
Q1 24
1.00×
-1.32×

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%

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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