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

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $124.5M, roughly 2.0× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 11.1%, a 118.6% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 4.7%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $24.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 5.9%).

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.

PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

ANIP vs PD — Head-to-Head

Bigger by revenue
ANIP
ANIP
2.0× larger
ANIP
$247.1M
$124.5M
PD
Growing faster (revenue YoY)
ANIP
ANIP
+24.9% gap
ANIP
29.6%
4.7%
PD
Higher net margin
PD
PD
118.6% more per $
PD
129.7%
11.1%
ANIP
More free cash flow
ANIP
ANIP
$5.1M more FCF
ANIP
$29.1M
$24.1M
PD
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
5.9%
PD

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ANIP
ANIP
PD
PD
Revenue
$247.1M
$124.5M
Net Profit
$27.5M
$161.6M
Gross Margin
85.3%
Operating Margin
14.1%
6.5%
Net Margin
11.1%
129.7%
Revenue YoY
29.6%
4.7%
Net Profit YoY
367.5%
2827.7%
EPS (diluted)
$1.14
$1.69

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
PD
PD
Q4 25
$247.1M
$124.5M
Q3 25
$227.8M
$123.4M
Q2 25
$211.4M
$119.8M
Q1 25
$197.1M
$121.4M
Q4 24
$190.6M
$118.9M
Q3 24
$148.3M
$115.9M
Q2 24
$138.0M
$111.2M
Q1 24
$137.4M
$111.1M
Net Profit
ANIP
ANIP
PD
PD
Q4 25
$27.5M
$161.6M
Q3 25
$26.6M
$9.6M
Q2 25
$8.5M
$-7.2M
Q1 25
$15.7M
$-8.8M
Q4 24
$-10.3M
$-5.9M
Q3 24
$-24.2M
$-10.9M
Q2 24
$-2.3M
$-17.1M
Q1 24
$18.2M
$-28.2M
Gross Margin
ANIP
ANIP
PD
PD
Q4 25
85.3%
Q3 25
84.6%
Q2 25
84.0%
Q1 25
83.6%
Q4 24
83.0%
Q3 24
82.7%
Q2 24
82.6%
Q1 24
81.7%
Operating Margin
ANIP
ANIP
PD
PD
Q4 25
14.1%
6.5%
Q3 25
15.9%
2.9%
Q2 25
6.6%
-8.6%
Q1 25
13.3%
-9.6%
Q4 24
-2.3%
-8.7%
Q3 24
-13.8%
-13.8%
Q2 24
3.7%
-19.5%
Q1 24
14.8%
-30.1%
Net Margin
ANIP
ANIP
PD
PD
Q4 25
11.1%
129.7%
Q3 25
11.7%
7.8%
Q2 25
4.0%
-6.0%
Q1 25
8.0%
-7.2%
Q4 24
-5.4%
-5.0%
Q3 24
-16.3%
-9.4%
Q2 24
-1.7%
-15.4%
Q1 24
13.2%
-25.3%
EPS (diluted)
ANIP
ANIP
PD
PD
Q4 25
$1.14
$1.69
Q3 25
$1.13
$0.10
Q2 25
$0.36
$-0.07
Q1 25
$0.69
$-0.12
Q4 24
$-0.45
$-0.07
Q3 24
$-1.27
$-0.14
Q2 24
$-0.14
$-0.26
Q1 24
$0.82
$-0.34

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
PD
PD
Cash + ST InvestmentsLiquidity on hand
$285.6M
$547.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$320.5M
Total Assets
$1.4B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
PD
PD
Q4 25
$285.6M
$547.8M
Q3 25
$262.6M
$567.9M
Q2 25
$217.8M
$597.1M
Q1 25
$149.8M
$570.8M
Q4 24
$144.9M
$542.2M
Q3 24
$145.0M
$599.3M
Q2 24
$240.1M
$592.8M
Q1 24
$228.6M
$571.2M
Total Debt
ANIP
ANIP
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
$484.5M
Q4 24
Q3 24
Q2 24
Q1 24
$489.5M
Stockholders' Equity
ANIP
ANIP
PD
PD
Q4 25
$540.7M
$320.5M
Q3 25
$505.8M
$180.7M
Q2 25
$436.8M
$145.7M
Q1 25
$418.6M
$129.8M
Q4 24
$403.7M
$111.6M
Q3 24
$405.9M
$164.7M
Q2 24
$455.8M
$174.0M
Q1 24
$452.0M
$171.6M
Total Assets
ANIP
ANIP
PD
PD
Q4 25
$1.4B
$1.0B
Q3 25
$1.4B
$891.5M
Q2 25
$1.3B
$926.8M
Q1 25
$1.3B
$927.3M
Q4 24
$1.3B
$866.8M
Q3 24
$1.3B
$916.0M
Q2 24
$920.8M
$924.0M
Q1 24
$914.5M
$925.3M
Debt / Equity
ANIP
ANIP
PD
PD
Q4 25
Q3 25
Q2 25
Q1 25
3.73×
Q4 24
Q3 24
Q2 24
Q1 24
2.85×

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
PD
PD
Operating Cash FlowLast quarter
$30.4M
$24.8M
Free Cash FlowOCF − Capex
$29.1M
$24.1M
FCF MarginFCF / Revenue
11.8%
19.3%
Capex IntensityCapex / Revenue
0.5%
0.6%
Cash ConversionOCF / Net Profit
1.10×
0.15×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$117.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
PD
PD
Q4 25
$30.4M
$24.8M
Q3 25
$44.1M
$34.0M
Q2 25
$75.8M
$30.7M
Q1 25
$35.0M
$31.4M
Q4 24
$15.9M
$22.1M
Q3 24
$12.5M
$35.8M
Q2 24
$17.4M
$28.6M
Q1 24
$18.3M
$22.2M
Free Cash Flow
ANIP
ANIP
PD
PD
Q4 25
$29.1M
$24.1M
Q3 25
$38.0M
$33.1M
Q2 25
$71.8M
$30.2M
Q1 25
$32.5M
$30.3M
Q4 24
$13.5M
$21.5M
Q3 24
$7.7M
$35.1M
Q2 24
$13.0M
$28.2M
Q1 24
$13.7M
$21.2M
FCF Margin
ANIP
ANIP
PD
PD
Q4 25
11.8%
19.3%
Q3 25
16.7%
26.8%
Q2 25
34.0%
25.2%
Q1 25
16.5%
24.9%
Q4 24
7.1%
18.1%
Q3 24
5.2%
30.3%
Q2 24
9.4%
25.4%
Q1 24
10.0%
19.1%
Capex Intensity
ANIP
ANIP
PD
PD
Q4 25
0.5%
0.6%
Q3 25
2.7%
0.7%
Q2 25
1.9%
0.4%
Q1 25
1.3%
0.9%
Q4 24
1.3%
0.5%
Q3 24
3.2%
0.5%
Q2 24
3.2%
0.4%
Q1 24
3.3%
0.9%
Cash Conversion
ANIP
ANIP
PD
PD
Q4 25
1.10×
0.15×
Q3 25
1.66×
3.55×
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%

PD
PD

US$88.8M71%
Non Us$35.7M29%

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