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

GigaCloud Technology Inc is the larger business by last-quarter revenue ($332.6M vs $247.1M, roughly 1.3× ANI PHARMACEUTICALS INC). GigaCloud Technology Inc runs the higher net margin — 11.2% vs 11.1%, a 0.0% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 9.7%). GigaCloud Technology Inc produced more free cash flow last quarter ($77.1M vs $29.1M). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% CAGR vs 34.1%).

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.

GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.

ANIP vs GCT — Head-to-Head

Bigger by revenue
GCT
GCT
1.3× larger
GCT
$332.6M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+20.0% gap
ANIP
29.6%
9.7%
GCT
Higher net margin
GCT
GCT
0.0% more per $
GCT
11.2%
11.1%
ANIP
More free cash flow
GCT
GCT
$47.9M more FCF
GCT
$77.1M
$29.1M
ANIP
Faster 2-yr revenue CAGR
GCT
GCT
Annualised
GCT
36.6%
34.1%
ANIP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ANIP
ANIP
GCT
GCT
Revenue
$247.1M
$332.6M
Net Profit
$27.5M
$37.2M
Gross Margin
23.2%
Operating Margin
14.1%
12.2%
Net Margin
11.1%
11.2%
Revenue YoY
29.6%
9.7%
Net Profit YoY
367.5%
-8.6%
EPS (diluted)
$1.14
$0.99

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
GCT
GCT
Q4 25
$247.1M
Q3 25
$227.8M
$332.6M
Q2 25
$211.4M
$322.6M
Q1 25
$197.1M
$271.9M
Q4 24
$190.6M
$295.8M
Q3 24
$148.3M
$303.3M
Q2 24
$138.0M
$310.9M
Q1 24
$137.4M
$251.1M
Net Profit
ANIP
ANIP
GCT
GCT
Q4 25
$27.5M
Q3 25
$26.6M
$37.2M
Q2 25
$8.5M
$34.6M
Q1 25
$15.7M
$27.1M
Q4 24
$-10.3M
$31.0M
Q3 24
$-24.2M
$40.7M
Q2 24
$-2.3M
$27.0M
Q1 24
$18.2M
$27.2M
Gross Margin
ANIP
ANIP
GCT
GCT
Q4 25
Q3 25
23.2%
Q2 25
23.9%
Q1 25
23.4%
Q4 24
22.0%
Q3 24
25.5%
Q2 24
24.6%
Q1 24
26.5%
Operating Margin
ANIP
ANIP
GCT
GCT
Q4 25
14.1%
Q3 25
15.9%
12.2%
Q2 25
6.6%
11.1%
Q1 25
13.3%
10.4%
Q4 24
-2.3%
9.3%
Q3 24
-13.8%
13.4%
Q2 24
3.7%
8.8%
Q1 24
14.8%
13.9%
Net Margin
ANIP
ANIP
GCT
GCT
Q4 25
11.1%
Q3 25
11.7%
11.2%
Q2 25
4.0%
10.7%
Q1 25
8.0%
10.0%
Q4 24
-5.4%
10.5%
Q3 24
-16.3%
13.4%
Q2 24
-1.7%
8.7%
Q1 24
13.2%
10.8%
EPS (diluted)
ANIP
ANIP
GCT
GCT
Q4 25
$1.14
Q3 25
$1.13
$0.99
Q2 25
$0.36
$0.91
Q1 25
$0.69
$0.68
Q4 24
$-0.45
$0.76
Q3 24
$-1.27
$0.98
Q2 24
$-0.14
$0.65
Q1 24
$0.82
$0.66

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
GCT
GCT
Cash + ST InvestmentsLiquidity on hand
$285.6M
$365.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$457.3M
Total Assets
$1.4B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
GCT
GCT
Q4 25
$285.6M
Q3 25
$262.6M
$365.9M
Q2 25
$217.8M
$303.0M
Q1 25
$149.8M
$286.8M
Q4 24
$144.9M
$302.4M
Q3 24
$145.0M
$259.8M
Q2 24
$240.1M
$207.8M
Q1 24
$228.6M
$195.3M
Stockholders' Equity
ANIP
ANIP
GCT
GCT
Q4 25
$540.7M
Q3 25
$505.8M
$457.3M
Q2 25
$436.8M
$431.4M
Q1 25
$418.6M
$412.9M
Q4 24
$403.7M
$405.2M
Q3 24
$405.9M
$400.4M
Q2 24
$455.8M
$358.4M
Q1 24
$452.0M
$317.8M
Total Assets
ANIP
ANIP
GCT
GCT
Q4 25
$1.4B
Q3 25
$1.4B
$1.1B
Q2 25
$1.3B
$1.1B
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$1.1B
Q3 24
$1.3B
$1.1B
Q2 24
$920.8M
$1.1B
Q1 24
$914.5M
$977.6M

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
GCT
GCT
Operating Cash FlowLast quarter
$30.4M
$78.3M
Free Cash FlowOCF − Capex
$29.1M
$77.1M
FCF MarginFCF / Revenue
11.8%
23.2%
Capex IntensityCapex / Revenue
0.5%
0.4%
Cash ConversionOCF / Net Profit
1.10×
2.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$188.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
GCT
GCT
Q4 25
$30.4M
Q3 25
$44.1M
$78.3M
Q2 25
$75.8M
$38.6M
Q1 25
$35.0M
$9.4M
Q4 24
$15.9M
$68.4M
Q3 24
$12.5M
$55.2M
Q2 24
$17.4M
$19.1M
Q1 24
$18.3M
$15.3M
Free Cash Flow
ANIP
ANIP
GCT
GCT
Q4 25
$29.1M
Q3 25
$38.0M
$77.1M
Q2 25
$71.8M
$37.0M
Q1 25
$32.5M
$7.0M
Q4 24
$13.5M
$66.9M
Q3 24
$7.7M
$51.4M
Q2 24
$13.0M
$12.9M
Q1 24
$13.7M
$11.3M
FCF Margin
ANIP
ANIP
GCT
GCT
Q4 25
11.8%
Q3 25
16.7%
23.2%
Q2 25
34.0%
11.5%
Q1 25
16.5%
2.6%
Q4 24
7.1%
22.6%
Q3 24
5.2%
16.9%
Q2 24
9.4%
4.2%
Q1 24
10.0%
4.5%
Capex Intensity
ANIP
ANIP
GCT
GCT
Q4 25
0.5%
Q3 25
2.7%
0.4%
Q2 25
1.9%
0.5%
Q1 25
1.3%
0.9%
Q4 24
1.3%
0.5%
Q3 24
3.2%
1.3%
Q2 24
3.2%
2.0%
Q1 24
3.3%
1.6%
Cash Conversion
ANIP
ANIP
GCT
GCT
Q4 25
1.10×
Q3 25
1.66×
2.10×
Q2 25
8.87×
1.12×
Q1 25
2.23×
0.35×
Q4 24
2.21×
Q3 24
1.36×
Q2 24
0.71×
Q1 24
1.00×
0.56×

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%

GCT
GCT

Services$108.4M33%
Transferred Over Time$89.8M27%
Product Sales To B$50.1M15%
Last Mile Delivery Service$49.2M15%
Warehousing Service$14.2M4%
Ocean Transportation Service$9.0M3%
Platform Commission$4.9M1%
Drayage Service$3.2M1%

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