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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and JFrog Ltd (FROG). Click either name above to swap in a different company.
ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $145.3M, roughly 1.7× JFrog Ltd). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -10.5%, a 21.6% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 25.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $29.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 20.4%).
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.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
ANIP vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $247.1M | $145.3M |
| Net Profit | $27.5M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | 14.1% | -14.7% |
| Net Margin | 11.1% | -10.5% |
| Revenue YoY | 29.6% | 25.2% |
| Net Profit YoY | 367.5% | 34.4% |
| EPS (diluted) | $1.14 | $-0.13 |
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.
| Q4 25 | $247.1M | $145.3M | ||
| Q3 25 | $227.8M | $136.9M | ||
| Q2 25 | $211.4M | $127.2M | ||
| Q1 25 | $197.1M | $122.4M | ||
| Q4 24 | $190.6M | $116.1M | ||
| Q3 24 | $148.3M | $109.1M | ||
| Q2 24 | $138.0M | $103.0M | ||
| Q1 24 | $137.4M | $100.3M |
| Q4 25 | $27.5M | $-15.2M | ||
| Q3 25 | $26.6M | $-16.4M | ||
| Q2 25 | $8.5M | $-21.7M | ||
| Q1 25 | $15.7M | $-18.5M | ||
| Q4 24 | $-10.3M | $-23.2M | ||
| Q3 24 | $-24.2M | $-22.9M | ||
| Q2 24 | $-2.3M | $-14.3M | ||
| Q1 24 | $18.2M | $-8.8M |
| Q4 25 | — | 77.9% | ||
| Q3 25 | — | 77.4% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 75.3% | ||
| Q4 24 | — | 75.4% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 78.8% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 14.1% | -14.7% | ||
| Q3 25 | 15.9% | -15.8% | ||
| Q2 25 | 6.6% | -20.4% | ||
| Q1 25 | 13.3% | -18.8% | ||
| Q4 24 | -2.3% | -21.9% | ||
| Q3 24 | -13.8% | -27.4% | ||
| Q2 24 | 3.7% | -18.6% | ||
| Q1 24 | 14.8% | -16.6% |
| Q4 25 | 11.1% | -10.5% | ||
| Q3 25 | 11.7% | -12.0% | ||
| Q2 25 | 4.0% | -17.0% | ||
| Q1 25 | 8.0% | -15.1% | ||
| Q4 24 | -5.4% | -20.0% | ||
| Q3 24 | -16.3% | -21.0% | ||
| Q2 24 | -1.7% | -13.9% | ||
| Q1 24 | 13.2% | -8.8% |
| Q4 25 | $1.14 | $-0.13 | ||
| Q3 25 | $1.13 | $-0.14 | ||
| Q2 25 | $0.36 | $-0.19 | ||
| Q1 25 | $0.69 | $-0.16 | ||
| Q4 24 | $-0.45 | $-0.21 | ||
| Q3 24 | $-1.27 | $-0.21 | ||
| Q2 24 | $-0.14 | $-0.13 | ||
| Q1 24 | $0.82 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $285.6M | $704.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $540.7M | $887.4M |
| Total Assets | $1.4B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $285.6M | $704.4M | ||
| Q3 25 | $262.6M | $651.1M | ||
| Q2 25 | $217.8M | $611.7M | ||
| Q1 25 | $149.8M | $563.5M | ||
| Q4 24 | $144.9M | $522.0M | ||
| Q3 24 | $145.0M | $467.8M | ||
| Q2 24 | $240.1M | $591.3M | ||
| Q1 24 | $228.6M | $579.6M |
| Q4 25 | $540.7M | $887.4M | ||
| Q3 25 | $505.8M | $859.4M | ||
| Q2 25 | $436.8M | $826.5M | ||
| Q1 25 | $418.6M | $800.0M | ||
| Q4 24 | $403.7M | $773.5M | ||
| Q3 24 | $405.9M | $756.2M | ||
| Q2 24 | $455.8M | $721.4M | ||
| Q1 24 | $452.0M | $707.8M |
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $920.8M | $1.0B | ||
| Q1 24 | $914.5M | $997.1M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $30.4M | $50.7M |
| Free Cash FlowOCF − Capex | $29.1M | $49.9M |
| FCF MarginFCF / Revenue | 11.8% | 34.3% |
| Capex IntensityCapex / Revenue | 0.5% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $171.4M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | $50.7M | ||
| Q3 25 | $44.1M | $30.2M | ||
| Q2 25 | $75.8M | $36.1M | ||
| Q1 25 | $35.0M | $28.8M | ||
| Q4 24 | $15.9M | $49.1M | ||
| Q3 24 | $12.5M | $27.6M | ||
| Q2 24 | $17.4M | $16.7M | ||
| Q1 24 | $18.3M | $17.5M |
| Q4 25 | $29.1M | $49.9M | ||
| Q3 25 | $38.0M | $28.8M | ||
| Q2 25 | $71.8M | $35.5M | ||
| Q1 25 | $32.5M | $28.1M | ||
| Q4 24 | $13.5M | $48.5M | ||
| Q3 24 | $7.7M | $26.7M | ||
| Q2 24 | $13.0M | $16.0M | ||
| Q1 24 | $13.7M | $16.6M |
| Q4 25 | 11.8% | 34.3% | ||
| Q3 25 | 16.7% | 21.0% | ||
| Q2 25 | 34.0% | 27.9% | ||
| Q1 25 | 16.5% | 23.0% | ||
| Q4 24 | 7.1% | 41.8% | ||
| Q3 24 | 5.2% | 24.5% | ||
| Q2 24 | 9.4% | 15.5% | ||
| Q1 24 | 10.0% | 16.6% |
| Q4 25 | 0.5% | 0.6% | ||
| Q3 25 | 2.7% | 1.0% | ||
| Q2 25 | 1.9% | 0.5% | ||
| Q1 25 | 1.3% | 0.5% | ||
| Q4 24 | 1.3% | 0.5% | ||
| Q3 24 | 3.2% | 0.9% | ||
| Q2 24 | 3.2% | 0.7% | ||
| Q1 24 | 3.3% | 0.8% |
| Q4 25 | 1.10× | — | ||
| Q3 25 | 1.66× | — | ||
| Q2 25 | 8.87× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANIP
| Sales Of Cortrophin Gel | $111.4M | 45% |
| Sales Of Generic Pharmaceutical Products | $100.8M | 41% |
| Sales Of ILUVIEN And YUTIQ | $19.8M | 8% |
| Sales Of Established Brands | $12.3M | 5% |
| Unapproved Products | $6.5M | 3% |
| Sales Of Royalties And Other Pharmaceutical Services | $2.7M | 1% |
FROG
Segment breakdown not available.
