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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $247.1M, roughly 1.4× ANI PHARMACEUTICALS INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 11.1%, a 27.5% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 8.7%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 6.5%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

ANIP vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.4× larger
FRT
$336.0M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+20.9% gap
ANIP
29.6%
8.7%
FRT
Higher net margin
FRT
FRT
27.5% more per $
FRT
38.6%
11.1%
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
6.5%
FRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
FRT
FRT
Revenue
$247.1M
$336.0M
Net Profit
$27.5M
$129.7M
Gross Margin
Operating Margin
14.1%
53.8%
Net Margin
11.1%
38.6%
Revenue YoY
29.6%
8.7%
Net Profit YoY
367.5%
103.5%
EPS (diluted)
$1.14
$1.49

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
FRT
FRT
Q1 26
$336.0M
Q4 25
$247.1M
$336.0M
Q3 25
$227.8M
$322.3M
Q2 25
$211.4M
$311.5M
Q1 25
$197.1M
$309.2M
Q4 24
$190.6M
$311.4M
Q3 24
$148.3M
$303.6M
Q2 24
$138.0M
$296.1M
Net Profit
ANIP
ANIP
FRT
FRT
Q1 26
$129.7M
Q4 25
$27.5M
$129.7M
Q3 25
$26.6M
$61.6M
Q2 25
$8.5M
$155.9M
Q1 25
$15.7M
$63.8M
Q4 24
$-10.3M
$65.5M
Q3 24
$-24.2M
$61.0M
Q2 24
$-2.3M
$112.0M
Operating Margin
ANIP
ANIP
FRT
FRT
Q1 26
53.8%
Q4 25
14.1%
53.8%
Q3 25
15.9%
34.3%
Q2 25
6.6%
65.1%
Q1 25
13.3%
35.0%
Q4 24
-2.3%
35.1%
Q3 24
-13.8%
34.9%
Q2 24
3.7%
53.0%
Net Margin
ANIP
ANIP
FRT
FRT
Q1 26
38.6%
Q4 25
11.1%
38.6%
Q3 25
11.7%
19.1%
Q2 25
4.0%
50.0%
Q1 25
8.0%
20.6%
Q4 24
-5.4%
21.0%
Q3 24
-16.3%
20.1%
Q2 24
-1.7%
37.8%
EPS (diluted)
ANIP
ANIP
FRT
FRT
Q1 26
$1.49
Q4 25
$1.14
$1.49
Q3 25
$1.13
$0.69
Q2 25
$0.36
$1.78
Q1 25
$0.69
$0.72
Q4 24
$-0.45
$0.74
Q3 24
$-1.27
$0.70
Q2 24
$-0.14
$1.32

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$285.6M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$540.7M
$3.2B
Total Assets
$1.4B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
FRT
FRT
Q1 26
$107.4M
Q4 25
$285.6M
$107.4M
Q3 25
$262.6M
$111.3M
Q2 25
$217.8M
$177.0M
Q1 25
$149.8M
$109.2M
Q4 24
$144.9M
$123.4M
Q3 24
$145.0M
$97.0M
Q2 24
$240.1M
$103.2M
Total Debt
ANIP
ANIP
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
ANIP
ANIP
FRT
FRT
Q1 26
$3.2B
Q4 25
$540.7M
$3.2B
Q3 25
$505.8M
$3.2B
Q2 25
$436.8M
$3.2B
Q1 25
$418.6M
$3.2B
Q4 24
$403.7M
$3.2B
Q3 24
$405.9M
$3.1B
Q2 24
$455.8M
$3.0B
Total Assets
ANIP
ANIP
FRT
FRT
Q1 26
$9.1B
Q4 25
$1.4B
$9.1B
Q3 25
$1.4B
$8.9B
Q2 25
$1.3B
$8.6B
Q1 25
$1.3B
$8.6B
Q4 24
$1.3B
$8.5B
Q3 24
$1.3B
$8.5B
Q2 24
$920.8M
$8.4B
Debt / Equity
ANIP
ANIP
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
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
FRT
FRT
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
FRT
FRT
Q1 26
Q4 25
$30.4M
$622.4M
Q3 25
$44.1M
$147.8M
Q2 25
$75.8M
$150.7M
Q1 25
$35.0M
$179.0M
Q4 24
$15.9M
$574.6M
Q3 24
$12.5M
$144.1M
Q2 24
$17.4M
$169.7M
Free Cash Flow
ANIP
ANIP
FRT
FRT
Q1 26
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
FCF Margin
ANIP
ANIP
FRT
FRT
Q1 26
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%
Capex Intensity
ANIP
ANIP
FRT
FRT
Q1 26
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%
Cash Conversion
ANIP
ANIP
FRT
FRT
Q1 26
Q4 25
1.10×
4.80×
Q3 25
1.66×
2.40×
Q2 25
8.87×
0.97×
Q1 25
2.23×
2.81×
Q4 24
8.77×
Q3 24
2.36×
Q2 24
1.52×

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%

FRT
FRT

Segment breakdown not available.

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