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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and NU SKIN ENTERPRISES, INC. (NUS). Click either name above to swap in a different company.

NU SKIN ENTERPRISES, INC. is the larger business by last-quarter revenue ($370.3M vs $247.1M, roughly 1.5× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 3.9%, a 7.2% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs -16.9%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $5.9M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs -5.8%).

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.

Nu Skin Enterprises, Inc. is an American multilevel marketing company that develops and sells personal care products and dietary and nutritional supplements. Under the Nu Skin and Pharmanex brands, the company sells its products in 54 markets through a network of approximately 1.2 million independent distributors.

ANIP vs NUS — Head-to-Head

Bigger by revenue
NUS
NUS
1.5× larger
NUS
$370.3M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+46.5% gap
ANIP
29.6%
-16.9%
NUS
Higher net margin
ANIP
ANIP
7.2% more per $
ANIP
11.1%
3.9%
NUS
More free cash flow
ANIP
ANIP
$23.3M more FCF
ANIP
$29.1M
$5.9M
NUS
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
-5.8%
NUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
NUS
NUS
Revenue
$247.1M
$370.3M
Net Profit
$27.5M
$14.5M
Gross Margin
70.7%
Operating Margin
14.1%
6.3%
Net Margin
11.1%
3.9%
Revenue YoY
29.6%
-16.9%
Net Profit YoY
367.5%
140.1%
EPS (diluted)
$1.14
$0.27

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
NUS
NUS
Q4 25
$247.1M
$370.3M
Q3 25
$227.8M
$364.2M
Q2 25
$211.4M
$386.1M
Q1 25
$197.1M
$364.5M
Q4 24
$190.6M
$445.6M
Q3 24
$148.3M
$430.1M
Q2 24
$138.0M
$439.1M
Q1 24
$137.4M
$417.3M
Net Profit
ANIP
ANIP
NUS
NUS
Q4 25
$27.5M
$14.5M
Q3 25
$26.6M
$17.1M
Q2 25
$8.5M
$21.1M
Q1 25
$15.7M
$107.5M
Q4 24
$-10.3M
$-36.1M
Q3 24
$-24.2M
$8.3M
Q2 24
$-2.3M
$-118.3M
Q1 24
$18.2M
$-533.0K
Gross Margin
ANIP
ANIP
NUS
NUS
Q4 25
70.7%
Q3 25
70.5%
Q2 25
68.8%
Q1 25
67.8%
Q4 24
62.7%
Q3 24
70.1%
Q2 24
70.0%
Q1 24
70.5%
Operating Margin
ANIP
ANIP
NUS
NUS
Q4 25
14.1%
6.3%
Q3 25
15.9%
5.9%
Q2 25
6.6%
8.0%
Q1 25
13.3%
-2.7%
Q4 24
-2.3%
-11.9%
Q3 24
-13.8%
4.2%
Q2 24
3.7%
-28.6%
Q1 24
14.8%
2.1%
Net Margin
ANIP
ANIP
NUS
NUS
Q4 25
11.1%
3.9%
Q3 25
11.7%
4.7%
Q2 25
4.0%
5.5%
Q1 25
8.0%
29.5%
Q4 24
-5.4%
-8.1%
Q3 24
-16.3%
1.9%
Q2 24
-1.7%
-26.9%
Q1 24
13.2%
-0.1%
EPS (diluted)
ANIP
ANIP
NUS
NUS
Q4 25
$1.14
$0.27
Q3 25
$1.13
$0.34
Q2 25
$0.36
$0.43
Q1 25
$0.69
$2.14
Q4 24
$-0.45
$-0.73
Q3 24
$-1.27
$0.17
Q2 24
$-0.14
$-2.38
Q1 24
$0.82
$-0.01

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
NUS
NUS
Cash + ST InvestmentsLiquidity on hand
$285.6M
$239.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$805.2M
Total Assets
$1.4B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
NUS
NUS
Q4 25
$285.6M
$239.8M
Q3 25
$262.6M
$253.0M
Q2 25
$217.8M
$265.4M
Q1 25
$149.8M
$213.6M
Q4 24
$144.9M
$198.0M
Q3 24
$145.0M
$237.8M
Q2 24
$240.1M
$232.9M
Q1 24
$228.6M
$221.2M
Stockholders' Equity
ANIP
ANIP
NUS
NUS
Q4 25
$540.7M
$805.2M
Q3 25
$505.8M
$799.8M
Q2 25
$436.8M
$787.8M
Q1 25
$418.6M
$754.0M
Q4 24
$403.7M
$651.5M
Q3 24
$405.9M
$706.9M
Q2 24
$455.8M
$686.2M
Q1 24
$452.0M
$810.2M
Total Assets
ANIP
ANIP
NUS
NUS
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.3B
$1.4B
Q4 24
$1.3B
$1.5B
Q3 24
$1.3B
$1.6B
Q2 24
$920.8M
$1.6B
Q1 24
$914.5M
$1.7B

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
NUS
NUS
Operating Cash FlowLast quarter
$30.4M
$16.6M
Free Cash FlowOCF − Capex
$29.1M
$5.9M
FCF MarginFCF / Revenue
11.8%
1.6%
Capex IntensityCapex / Revenue
0.5%
2.9%
Cash ConversionOCF / Net Profit
1.10×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
NUS
NUS
Q4 25
$30.4M
$16.6M
Q3 25
$44.1M
$27.5M
Q2 25
$75.8M
$35.8M
Q1 25
$35.0M
$389.0K
Q4 24
$15.9M
$25.8M
Q3 24
$12.5M
$31.4M
Q2 24
$17.4M
$51.2M
Q1 24
$18.3M
$3.3M
Free Cash Flow
ANIP
ANIP
NUS
NUS
Q4 25
$29.1M
$5.9M
Q3 25
$38.0M
$17.6M
Q2 25
$71.8M
$35.8M
Q1 25
$32.5M
$-13.2M
Q4 24
$13.5M
$13.2M
Q3 24
$7.7M
$22.8M
Q2 24
$13.0M
$43.1M
Q1 24
$13.7M
$-9.0M
FCF Margin
ANIP
ANIP
NUS
NUS
Q4 25
11.8%
1.6%
Q3 25
16.7%
4.8%
Q2 25
34.0%
9.3%
Q1 25
16.5%
-3.6%
Q4 24
7.1%
3.0%
Q3 24
5.2%
5.3%
Q2 24
9.4%
9.8%
Q1 24
10.0%
-2.1%
Capex Intensity
ANIP
ANIP
NUS
NUS
Q4 25
0.5%
2.9%
Q3 25
2.7%
2.7%
Q2 25
1.9%
0.0%
Q1 25
1.3%
3.7%
Q4 24
1.3%
2.8%
Q3 24
3.2%
2.0%
Q2 24
3.2%
1.9%
Q1 24
3.3%
2.9%
Cash Conversion
ANIP
ANIP
NUS
NUS
Q4 25
1.10×
1.15×
Q3 25
1.66×
1.61×
Q2 25
8.87×
1.69×
Q1 25
2.23×
0.00×
Q4 24
Q3 24
3.79×
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%

NUS
NUS

Other$161.9M44%
Mainland China Segment$52.0M14%
Southeast Asia Pacific Segment$50.5M14%
Europe And Africa Segment$41.8M11%
Hong Kong Taiwan Segment$29.6M8%
South Korea Segment$28.4M8%
Rhyz Other Segment$6.1M2%

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