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

Legend Biotech Corp is the larger business by last-quarter revenue ($272.3M vs $247.1M, roughly 1.1× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -14.6%, a 25.7% gap on every dollar of revenue. On growth, Legend Biotech Corp posted the faster year-over-year revenue change (70.0% vs 29.6%). Over the past eight quarters, Legend Biotech Corp's revenue compounded faster (92.7% 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.

GenScript Biotech, fully known as GenScript Biotech Corporation, usually referred to as simply GenScript, is a China–based biotech company. It was co-founded in 2002 in New Jersey by Fangliang Zhang, Ye Wang, and Luquan Wang. The company mainly provides life science research application instruments and services. It was listed on the Hong Kong Stock Exchange in 2015. The current rotating CEO of the firm is Shao Weihui, who also served as the chief operating officer and Chinese Communist Party ...

ANIP vs LEGN — Head-to-Head

Bigger by revenue
LEGN
LEGN
1.1× larger
LEGN
$272.3M
$247.1M
ANIP
Growing faster (revenue YoY)
LEGN
LEGN
+40.3% gap
LEGN
70.0%
29.6%
ANIP
Higher net margin
ANIP
ANIP
25.7% more per $
ANIP
11.1%
-14.6%
LEGN
Faster 2-yr revenue CAGR
LEGN
LEGN
Annualised
LEGN
92.7%
34.1%
ANIP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ANIP
ANIP
LEGN
LEGN
Revenue
$247.1M
$272.3M
Net Profit
$27.5M
$-39.7M
Gross Margin
58.4%
Operating Margin
14.1%
-16.0%
Net Margin
11.1%
-14.6%
Revenue YoY
29.6%
70.0%
Net Profit YoY
367.5%
68.3%
EPS (diluted)
$1.14
$-0.11

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
LEGN
LEGN
Q4 25
$247.1M
Q3 25
$227.8M
$272.3M
Q2 25
$211.4M
$255.1M
Q1 25
$197.1M
$195.1M
Q4 24
$190.6M
Q3 24
$148.3M
$160.2M
Q2 24
$138.0M
$186.5M
Q1 24
$137.4M
$94.0M
Net Profit
ANIP
ANIP
LEGN
LEGN
Q4 25
$27.5M
Q3 25
$26.6M
$-39.7M
Q2 25
$8.5M
$-125.4M
Q1 25
$15.7M
$-100.9M
Q4 24
$-10.3M
Q3 24
$-24.2M
$-125.3M
Q2 24
$-2.3M
$-18.2M
Q1 24
$18.2M
$-59.8M
Gross Margin
ANIP
ANIP
LEGN
LEGN
Q4 25
Q3 25
58.4%
Q2 25
62.8%
Q1 25
64.4%
Q4 24
Q3 24
67.2%
Q2 24
75.7%
Q1 24
47.8%
Operating Margin
ANIP
ANIP
LEGN
LEGN
Q4 25
14.1%
Q3 25
15.9%
-16.0%
Q2 25
6.6%
Q1 25
13.3%
Q4 24
-2.3%
Q3 24
-13.8%
-43.9%
Q2 24
3.7%
Q1 24
14.8%
Net Margin
ANIP
ANIP
LEGN
LEGN
Q4 25
11.1%
Q3 25
11.7%
-14.6%
Q2 25
4.0%
-49.2%
Q1 25
8.0%
-51.7%
Q4 24
-5.4%
Q3 24
-16.3%
-78.2%
Q2 24
-1.7%
-9.8%
Q1 24
13.2%
-63.6%
EPS (diluted)
ANIP
ANIP
LEGN
LEGN
Q4 25
$1.14
Q3 25
$1.13
$-0.11
Q2 25
$0.36
$-0.34
Q1 25
$0.69
$-0.27
Q4 24
$-0.45
Q3 24
$-1.27
$-0.34
Q2 24
$-0.14
$-0.05
Q1 24
$0.82
$-0.16

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
LEGN
LEGN
Cash + ST InvestmentsLiquidity on hand
$285.6M
$278.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$1.0B
Total Assets
$1.4B
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
LEGN
LEGN
Q4 25
$285.6M
Q3 25
$262.6M
$278.9M
Q2 25
$217.8M
$266.6M
Q1 25
$149.8M
$441.7M
Q4 24
$144.9M
Q3 24
$145.0M
$459.3M
Q2 24
$240.1M
$201.3M
Q1 24
$228.6M
$897.6M
Stockholders' Equity
ANIP
ANIP
LEGN
LEGN
Q4 25
$540.7M
Q3 25
$505.8M
$1.0B
Q2 25
$436.8M
$1.0B
Q1 25
$418.6M
$1.0B
Q4 24
$403.7M
Q3 24
$405.9M
$1.1B
Q2 24
$455.8M
$1.2B
Q1 24
$452.0M
$1.2B
Total Assets
ANIP
ANIP
LEGN
LEGN
Q4 25
$1.4B
Q3 25
$1.4B
$1.7B
Q2 25
$1.3B
$1.7B
Q1 25
$1.3B
$1.6B
Q4 24
$1.3B
Q3 24
$1.3B
$1.7B
Q2 24
$920.8M
$1.8B
Q1 24
$914.5M
$1.8B

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
LEGN
LEGN
Operating Cash FlowLast quarter
$30.4M
$28.8M
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
LEGN
LEGN
Q4 25
$30.4M
Q3 25
$44.1M
$28.8M
Q2 25
$75.8M
$-13.0M
Q1 25
$35.0M
$-103.8M
Q4 24
$15.9M
Q3 24
$12.5M
$-75.8M
Q2 24
$17.4M
$-1.7M
Q1 24
$18.3M
$15.5M
Free Cash Flow
ANIP
ANIP
LEGN
LEGN
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
Q1 24
$13.7M
FCF Margin
ANIP
ANIP
LEGN
LEGN
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%
Q1 24
10.0%
Capex Intensity
ANIP
ANIP
LEGN
LEGN
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%
Q1 24
3.3%
Cash Conversion
ANIP
ANIP
LEGN
LEGN
Q4 25
1.10×
Q3 25
1.66×
Q2 25
8.87×
Q1 25
2.23×
Q4 24
Q3 24
Q2 24
Q1 24
1.00×

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%

LEGN
LEGN

Goods Or Services Transferred At Point In Time$261.8M96%
Goods Or Services Transferred Over Time$10.5M4%

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