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

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $143.3M, roughly 1.7× Piedmont Realty Trust, Inc.). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -31.4%, a 42.5% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 0.4%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 0.0%).

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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

ANIP vs PDM — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.7× larger
ANIP
$247.1M
$143.3M
PDM
Growing faster (revenue YoY)
ANIP
ANIP
+29.2% gap
ANIP
29.6%
0.4%
PDM
Higher net margin
ANIP
ANIP
42.5% more per $
ANIP
11.1%
-31.4%
PDM
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
PDM
PDM
Revenue
$247.1M
$143.3M
Net Profit
$27.5M
$-45.0M
Gross Margin
Operating Margin
14.1%
Net Margin
11.1%
-31.4%
Revenue YoY
29.6%
0.4%
Net Profit YoY
367.5%
-27.9%
EPS (diluted)
$1.14
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$247.1M
$142.9M
Q3 25
$227.8M
$139.2M
Q2 25
$211.4M
$140.3M
Q1 25
$197.1M
$142.7M
Q4 24
$190.6M
$143.2M
Q3 24
$148.3M
$139.3M
Q2 24
$138.0M
$143.3M
Net Profit
ANIP
ANIP
PDM
PDM
Q1 26
$-45.0M
Q4 25
$27.5M
$-43.2M
Q3 25
$26.6M
$-13.5M
Q2 25
$8.5M
$-16.8M
Q1 25
$15.7M
$-10.1M
Q4 24
$-10.3M
$-30.0M
Q3 24
$-24.2M
$-11.5M
Q2 24
$-2.3M
$-9.8M
Operating Margin
ANIP
ANIP
PDM
PDM
Q1 26
Q4 25
14.1%
Q3 25
15.9%
Q2 25
6.6%
Q1 25
13.3%
Q4 24
-2.3%
Q3 24
-13.8%
Q2 24
3.7%
Net Margin
ANIP
ANIP
PDM
PDM
Q1 26
-31.4%
Q4 25
11.1%
-30.3%
Q3 25
11.7%
-9.7%
Q2 25
4.0%
-12.0%
Q1 25
8.0%
-7.1%
Q4 24
-5.4%
-20.9%
Q3 24
-16.3%
-8.3%
Q2 24
-1.7%
-6.8%
EPS (diluted)
ANIP
ANIP
PDM
PDM
Q1 26
$-0.10
Q4 25
$1.14
$-0.34
Q3 25
$1.13
$-0.11
Q2 25
$0.36
$-0.14
Q1 25
$0.69
$-0.08
Q4 24
$-0.45
$-0.25
Q3 24
$-1.27
$-0.09
Q2 24
$-0.14
$-0.08

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$285.6M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$1.5B
Total Assets
$1.4B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
PDM
PDM
Q1 26
$2.3M
Q4 25
$285.6M
$731.0K
Q3 25
$262.6M
$3.0M
Q2 25
$217.8M
$3.3M
Q1 25
$149.8M
$2.9M
Q4 24
$144.9M
$109.6M
Q3 24
$145.0M
$133.6M
Q2 24
$240.1M
$138.5M
Total Debt
ANIP
ANIP
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
ANIP
ANIP
PDM
PDM
Q1 26
$1.5B
Q4 25
$540.7M
$1.5B
Q3 25
$505.8M
$1.5B
Q2 25
$436.8M
$1.5B
Q1 25
$418.6M
$1.6B
Q4 24
$403.7M
$1.6B
Q3 24
$405.9M
$1.6B
Q2 24
$455.8M
$1.7B
Total Assets
ANIP
ANIP
PDM
PDM
Q1 26
$4.0B
Q4 25
$1.4B
$4.0B
Q3 25
$1.4B
$4.0B
Q2 25
$1.3B
$4.0B
Q1 25
$1.3B
$4.0B
Q4 24
$1.3B
$4.1B
Q3 24
$1.3B
$4.1B
Q2 24
$920.8M
$4.2B
Debt / Equity
ANIP
ANIP
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$30.4M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
110.3%
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
PDM
PDM
Q1 26
Q4 25
$30.4M
$140.6M
Q3 25
$44.1M
$35.8M
Q2 25
$75.8M
$50.1M
Q1 25
$35.0M
$3.7M
Q4 24
$15.9M
$198.1M
Q3 24
$12.5M
$42.9M
Q2 24
$17.4M
$66.8M
Free Cash Flow
ANIP
ANIP
PDM
PDM
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
PDM
PDM
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
PDM
PDM
Q1 26
110.3%
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
PDM
PDM
Q1 26
Q4 25
1.10×
Q3 25
1.66×
Q2 25
8.87×
Q1 25
2.23×
Q4 24
Q3 24
Q2 24

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%

PDM
PDM

Segment breakdown not available.

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