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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.

Acushnet Holdings Corp. is the larger business by last-quarter revenue ($477.2M vs $247.1M, roughly 1.9× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -7.3%, a 18.4% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 7.2%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-23.3M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs -17.9%).

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.

The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.

ANIP vs GOLF — Head-to-Head

Bigger by revenue
GOLF
GOLF
1.9× larger
GOLF
$477.2M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+22.4% gap
ANIP
29.6%
7.2%
GOLF
Higher net margin
ANIP
ANIP
18.4% more per $
ANIP
11.1%
-7.3%
GOLF
More free cash flow
ANIP
ANIP
$52.5M more FCF
ANIP
$29.1M
$-23.3M
GOLF
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
-17.9%
GOLF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
GOLF
GOLF
Revenue
$247.1M
$477.2M
Net Profit
$27.5M
$-34.9M
Gross Margin
44.1%
Operating Margin
14.1%
-3.8%
Net Margin
11.1%
-7.3%
Revenue YoY
29.6%
7.2%
Net Profit YoY
367.5%
-3027.3%
EPS (diluted)
$1.14
$-0.57

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
GOLF
GOLF
Q4 25
$247.1M
$477.2M
Q3 25
$227.8M
$657.7M
Q2 25
$211.4M
$720.5M
Q1 25
$197.1M
$703.4M
Q4 24
$190.6M
$445.2M
Q3 24
$148.3M
$620.5M
Q2 24
$138.0M
$683.9M
Q1 24
$137.4M
$707.6M
Net Profit
ANIP
ANIP
GOLF
GOLF
Q4 25
$27.5M
$-34.9M
Q3 25
$26.6M
$48.5M
Q2 25
$8.5M
$75.6M
Q1 25
$15.7M
$99.4M
Q4 24
$-10.3M
$-1.1M
Q3 24
$-24.2M
$56.2M
Q2 24
$-2.3M
$71.4M
Q1 24
$18.2M
$87.8M
Gross Margin
ANIP
ANIP
GOLF
GOLF
Q4 25
44.1%
Q3 25
48.5%
Q2 25
49.2%
Q1 25
47.9%
Q4 24
22.6%
Q3 24
54.4%
Q2 24
54.4%
Q1 24
53.4%
Operating Margin
ANIP
ANIP
GOLF
GOLF
Q4 25
14.1%
-3.8%
Q3 25
15.9%
14.1%
Q2 25
6.6%
15.2%
Q1 25
13.3%
16.3%
Q4 24
-2.3%
-1.2%
Q3 24
-13.8%
13.2%
Q2 24
3.7%
15.5%
Q1 24
14.8%
17.2%
Net Margin
ANIP
ANIP
GOLF
GOLF
Q4 25
11.1%
-7.3%
Q3 25
11.7%
7.4%
Q2 25
4.0%
10.5%
Q1 25
8.0%
14.1%
Q4 24
-5.4%
-0.3%
Q3 24
-16.3%
9.1%
Q2 24
-1.7%
10.4%
Q1 24
13.2%
12.4%
EPS (diluted)
ANIP
ANIP
GOLF
GOLF
Q4 25
$1.14
$-0.57
Q3 25
$1.13
$0.81
Q2 25
$0.36
$1.25
Q1 25
$0.69
$1.62
Q4 24
$-0.45
$0.02
Q3 24
$-1.27
$0.89
Q2 24
$-0.14
$1.11
Q1 24
$0.82
$1.35

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
GOLF
GOLF
Cash + ST InvestmentsLiquidity on hand
$285.6M
Total DebtLower is stronger
$926.2M
Stockholders' EquityBook value
$540.7M
$783.6M
Total Assets
$1.4B
$2.3B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
GOLF
GOLF
Q4 25
$285.6M
Q3 25
$262.6M
Q2 25
$217.8M
Q1 25
$149.8M
Q4 24
$144.9M
Q3 24
$145.0M
Q2 24
$240.1M
Q1 24
$228.6M
Total Debt
ANIP
ANIP
GOLF
GOLF
Q4 25
$926.2M
Q3 25
Q2 25
Q1 25
Q4 24
$753.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANIP
ANIP
GOLF
GOLF
Q4 25
$540.7M
$783.6M
Q3 25
$505.8M
$852.3M
Q2 25
$436.8M
$808.5M
Q1 25
$418.6M
$780.3M
Q4 24
$403.7M
$765.2M
Q3 24
$405.9M
$863.9M
Q2 24
$455.8M
$863.7M
Q1 24
$452.0M
$883.7M
Total Assets
ANIP
ANIP
GOLF
GOLF
Q4 25
$1.4B
$2.3B
Q3 25
$1.4B
$2.4B
Q2 25
$1.3B
$2.4B
Q1 25
$1.3B
$2.4B
Q4 24
$1.3B
$2.2B
Q3 24
$1.3B
$2.3B
Q2 24
$920.8M
$2.3B
Q1 24
$914.5M
$2.4B
Debt / Equity
ANIP
ANIP
GOLF
GOLF
Q4 25
1.18×
Q3 25
Q2 25
Q1 25
Q4 24
0.98×
Q3 24
Q2 24
Q1 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
GOLF
GOLF
Operating Cash FlowLast quarter
$30.4M
$-338.0K
Free Cash FlowOCF − Capex
$29.1M
$-23.3M
FCF MarginFCF / Revenue
11.8%
-4.9%
Capex IntensityCapex / Revenue
0.5%
4.8%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$120.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
GOLF
GOLF
Q4 25
$30.4M
$-338.0K
Q3 25
$44.1M
$163.1M
Q2 25
$75.8M
$151.9M
Q1 25
$35.0M
$-120.3M
Q4 24
$15.9M
$-1.1M
Q3 24
$12.5M
$144.1M
Q2 24
$17.4M
$211.6M
Q1 24
$18.3M
$-109.5M
Free Cash Flow
ANIP
ANIP
GOLF
GOLF
Q4 25
$29.1M
$-23.3M
Q3 25
$38.0M
$136.9M
Q2 25
$71.8M
$138.0M
Q1 25
$32.5M
$-131.5M
Q4 24
$13.5M
$-33.2M
Q3 24
$7.7M
$123.7M
Q2 24
$13.0M
$196.8M
Q1 24
$13.7M
$-116.8M
FCF Margin
ANIP
ANIP
GOLF
GOLF
Q4 25
11.8%
-4.9%
Q3 25
16.7%
20.8%
Q2 25
34.0%
19.2%
Q1 25
16.5%
-18.7%
Q4 24
7.1%
-7.5%
Q3 24
5.2%
19.9%
Q2 24
9.4%
28.8%
Q1 24
10.0%
-16.5%
Capex Intensity
ANIP
ANIP
GOLF
GOLF
Q4 25
0.5%
4.8%
Q3 25
2.7%
4.0%
Q2 25
1.9%
1.9%
Q1 25
1.3%
1.6%
Q4 24
1.3%
7.2%
Q3 24
3.2%
3.3%
Q2 24
3.2%
2.2%
Q1 24
3.3%
1.0%
Cash Conversion
ANIP
ANIP
GOLF
GOLF
Q4 25
1.10×
Q3 25
1.66×
3.36×
Q2 25
8.87×
2.01×
Q1 25
2.23×
-1.21×
Q4 24
Q3 24
2.56×
Q2 24
2.96×
Q1 24
1.00×
-1.25×

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%

GOLF
GOLF

Titleist Golf Equipment$293.8M62%
Footjoy Golf Wear$102.0M21%
Other$45.3M9%
Golf Gear$36.1M8%

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