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

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $247.1M, roughly 1.2× ANI PHARMACEUTICALS INC). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 11.1%, a 1.9% gap on every dollar of revenue. Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 0.6%).

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.

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

ANIP vs HTH — Head-to-Head

Bigger by revenue
HTH
HTH
1.2× larger
HTH
$300.5M
$247.1M
ANIP
Higher net margin
HTH
HTH
1.9% more per $
HTH
13.0%
11.1%
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
0.6%
HTH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
HTH
HTH
Revenue
$247.1M
$300.5M
Net Profit
$27.5M
$39.0M
Gross Margin
Operating Margin
14.1%
Net Margin
11.1%
13.0%
Revenue YoY
29.6%
Net Profit YoY
367.5%
-12.4%
EPS (diluted)
$1.14
$0.64

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
HTH
HTH
Q1 26
$300.5M
Q4 25
$247.1M
$329.9M
Q3 25
$227.8M
$330.2M
Q2 25
$211.4M
$303.3M
Q1 25
$197.1M
$318.5M
Q4 24
$190.6M
$301.1M
Q3 24
$148.3M
$305.5M
Q2 24
$138.0M
$297.0M
Net Profit
ANIP
ANIP
HTH
HTH
Q1 26
$39.0M
Q4 25
$27.5M
$41.6M
Q3 25
$26.6M
$45.8M
Q2 25
$8.5M
$36.1M
Q1 25
$15.7M
$42.1M
Q4 24
$-10.3M
$35.5M
Q3 24
$-24.2M
$29.7M
Q2 24
$-2.3M
$20.3M
Operating Margin
ANIP
ANIP
HTH
HTH
Q1 26
Q4 25
14.1%
16.1%
Q3 25
15.9%
18.4%
Q2 25
6.6%
16.3%
Q1 25
13.3%
18.1%
Q4 24
-2.3%
14.7%
Q3 24
-13.8%
13.9%
Q2 24
3.7%
10.0%
Net Margin
ANIP
ANIP
HTH
HTH
Q1 26
13.0%
Q4 25
11.1%
12.6%
Q3 25
11.7%
13.9%
Q2 25
4.0%
11.9%
Q1 25
8.0%
13.2%
Q4 24
-5.4%
11.8%
Q3 24
-16.3%
9.7%
Q2 24
-1.7%
6.8%
EPS (diluted)
ANIP
ANIP
HTH
HTH
Q1 26
$0.64
Q4 25
$1.14
$0.68
Q3 25
$1.13
$0.74
Q2 25
$0.36
$0.57
Q1 25
$0.69
$0.65
Q4 24
$-0.45
$0.55
Q3 24
$-1.27
$0.46
Q2 24
$-0.14
$0.31

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
HTH
HTH
Cash + ST InvestmentsLiquidity on hand
$285.6M
Total DebtLower is stronger
$990.8M
Stockholders' EquityBook value
$540.7M
$2.2B
Total Assets
$1.4B
$15.7B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
HTH
HTH
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
HTH
HTH
Q1 26
$990.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ANIP
ANIP
HTH
HTH
Q1 26
$2.2B
Q4 25
$540.7M
$2.2B
Q3 25
$505.8M
$2.2B
Q2 25
$436.8M
$2.2B
Q1 25
$418.6M
$2.2B
Q4 24
$403.7M
$2.2B
Q3 24
$405.9M
$2.2B
Q2 24
$455.8M
$2.1B
Total Assets
ANIP
ANIP
HTH
HTH
Q1 26
$15.7B
Q4 25
$1.4B
$15.8B
Q3 25
$1.4B
$15.6B
Q2 25
$1.3B
$15.4B
Q1 25
$1.3B
$15.8B
Q4 24
$1.3B
$16.3B
Q3 24
$1.3B
$15.9B
Q2 24
$920.8M
$15.6B
Debt / Equity
ANIP
ANIP
HTH
HTH
Q1 26
0.46×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
HTH
HTH
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
HTH
HTH
Q1 26
Q4 25
$30.4M
$-38.7M
Q3 25
$44.1M
$273.0M
Q2 25
$75.8M
$-234.6M
Q1 25
$35.0M
$5.8M
Q4 24
$15.9M
$273.9M
Q3 24
$12.5M
$515.6M
Q2 24
$17.4M
$-435.3M
Free Cash Flow
ANIP
ANIP
HTH
HTH
Q1 26
Q4 25
$29.1M
$-55.5M
Q3 25
$38.0M
$271.0M
Q2 25
$71.8M
$-234.6M
Q1 25
$32.5M
$5.0M
Q4 24
$13.5M
$266.8M
Q3 24
$7.7M
$513.8M
Q2 24
$13.0M
$-437.3M
FCF Margin
ANIP
ANIP
HTH
HTH
Q1 26
Q4 25
11.8%
-16.8%
Q3 25
16.7%
82.1%
Q2 25
34.0%
-77.4%
Q1 25
16.5%
1.6%
Q4 24
7.1%
88.6%
Q3 24
5.2%
168.2%
Q2 24
9.4%
-147.2%
Capex Intensity
ANIP
ANIP
HTH
HTH
Q1 26
Q4 25
0.5%
5.1%
Q3 25
2.7%
0.6%
Q2 25
1.9%
0.0%
Q1 25
1.3%
0.3%
Q4 24
1.3%
2.4%
Q3 24
3.2%
0.6%
Q2 24
3.2%
0.7%
Cash Conversion
ANIP
ANIP
HTH
HTH
Q1 26
Q4 25
1.10×
-0.93×
Q3 25
1.66×
5.96×
Q2 25
8.87×
-6.50×
Q1 25
2.23×
0.14×
Q4 24
7.71×
Q3 24
17.36×
Q2 24
-21.41×

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%

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

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