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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Granite Ridge Resources, Inc. (GRNT). Click either name above to swap in a different company.

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $128.3M, roughly 1.9× Granite Ridge Resources, Inc.). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -36.7%, a 47.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 4.3%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 18.9%).

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.

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

ANIP vs GRNT — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.9× larger
ANIP
$247.1M
$128.3M
GRNT
Growing faster (revenue YoY)
ANIP
ANIP
+25.3% gap
ANIP
29.6%
4.3%
GRNT
Higher net margin
ANIP
ANIP
47.8% more per $
ANIP
11.1%
-36.7%
GRNT
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
18.9%
GRNT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
GRNT
GRNT
Revenue
$247.1M
$128.3M
Net Profit
$27.5M
$-47.0M
Gross Margin
Operating Margin
14.1%
Net Margin
11.1%
-36.7%
Revenue YoY
29.6%
4.3%
Net Profit YoY
367.5%
EPS (diluted)
$1.14
$-0.36

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
GRNT
GRNT
Q1 26
$128.3M
Q4 25
$247.1M
$105.5M
Q3 25
$227.8M
$112.7M
Q2 25
$211.4M
$109.2M
Q1 25
$197.1M
$122.9M
Q4 24
$190.6M
$106.3M
Q3 24
$148.3M
$94.1M
Q2 24
$138.0M
$90.7M
Net Profit
ANIP
ANIP
GRNT
GRNT
Q1 26
$-47.0M
Q4 25
$27.5M
Q3 25
$26.6M
$14.5M
Q2 25
$8.5M
$25.1M
Q1 25
$15.7M
$9.8M
Q4 24
$-10.3M
Q3 24
$-24.2M
$9.1M
Q2 24
$-2.3M
$5.1M
Operating Margin
ANIP
ANIP
GRNT
GRNT
Q1 26
Q4 25
14.1%
-34.5%
Q3 25
15.9%
17.4%
Q2 25
6.6%
19.0%
Q1 25
13.3%
34.6%
Q4 24
-2.3%
-6.5%
Q3 24
-13.8%
26.2%
Q2 24
3.7%
24.1%
Net Margin
ANIP
ANIP
GRNT
GRNT
Q1 26
-36.7%
Q4 25
11.1%
Q3 25
11.7%
12.9%
Q2 25
4.0%
23.0%
Q1 25
8.0%
8.0%
Q4 24
-5.4%
Q3 24
-16.3%
9.6%
Q2 24
-1.7%
5.6%
EPS (diluted)
ANIP
ANIP
GRNT
GRNT
Q1 26
$-0.36
Q4 25
$1.14
$-0.19
Q3 25
$1.13
$0.11
Q2 25
$0.36
$0.19
Q1 25
$0.69
$0.07
Q4 24
$-0.45
$-0.09
Q3 24
$-1.27
$0.07
Q2 24
$-0.14
$0.04

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
GRNT
GRNT
Cash + ST InvestmentsLiquidity on hand
$285.6M
Total DebtLower is stronger
$26.3M
Stockholders' EquityBook value
$540.7M
$545.6M
Total Assets
$1.4B
$1.2B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
GRNT
GRNT
Q1 26
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
Total Debt
ANIP
ANIP
GRNT
GRNT
Q1 26
$26.3M
Q4 25
$367.8M
Q3 25
$300.0M
Q2 25
$275.0M
Q1 25
$250.0M
Q4 24
$205.0M
Q3 24
Q2 24
Stockholders' Equity
ANIP
ANIP
GRNT
GRNT
Q1 26
$545.6M
Q4 25
$540.7M
$605.8M
Q3 25
$505.8M
$643.9M
Q2 25
$436.8M
$642.5M
Q1 25
$418.6M
$631.4M
Q4 24
$403.7M
$635.4M
Q3 24
$405.9M
$660.6M
Q2 24
$455.8M
$665.3M
Total Assets
ANIP
ANIP
GRNT
GRNT
Q1 26
$1.2B
Q4 25
$1.4B
$1.2B
Q3 25
$1.4B
$1.1B
Q2 25
$1.3B
$1.1B
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$1.0B
Q3 24
$1.3B
$1.0B
Q2 24
$920.8M
$990.5M
Debt / Equity
ANIP
ANIP
GRNT
GRNT
Q1 26
0.05×
Q4 25
0.61×
Q3 25
0.47×
Q2 25
0.43×
Q1 25
0.40×
Q4 24
0.32×
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
GRNT
GRNT
Operating Cash FlowLast quarter
$30.4M
$58.3M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
47.1%
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
GRNT
GRNT
Q1 26
$58.3M
Q4 25
$30.4M
$64.5M
Q3 25
$44.1M
$77.8M
Q2 25
$75.8M
$78.0M
Q1 25
$35.0M
$76.1M
Q4 24
$15.9M
$68.2M
Q3 24
$12.5M
$74.7M
Q2 24
$17.4M
$64.2M
Free Cash Flow
ANIP
ANIP
GRNT
GRNT
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
GRNT
GRNT
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
GRNT
GRNT
Q1 26
47.1%
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
GRNT
GRNT
Q1 26
Q4 25
1.10×
Q3 25
1.66×
5.36×
Q2 25
8.87×
3.11×
Q1 25
2.23×
7.75×
Q4 24
Q3 24
8.25×
Q2 24
12.58×

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%

GRNT
GRNT

Oil sales$103.4M81%
Natural gas and related product sales$24.8M19%

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