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

Planet Fitness, Inc. is the larger business by last-quarter revenue ($376.3M vs $247.1M, roughly 1.5× ANI PHARMACEUTICALS INC). Planet Fitness, Inc. runs the higher net margin — 16.0% vs 11.1%, a 4.9% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 10.5%). Planet Fitness, Inc. produced more free cash flow last quarter ($59.0M vs $29.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 23.2%).

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.

Planet Fitness, Inc. is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company has around 2,715 clubs, making it one of the largest fitness club franchises by number of members and locations. The franchise has locations in the United States, Canada, Panama, Mexico, Spain and Australia. It markets itself as a "Judgement Free Zone" open to all levels of gym users.

ANIP vs PLNT — Head-to-Head

Bigger by revenue
PLNT
PLNT
1.5× larger
PLNT
$376.3M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+19.1% gap
ANIP
29.6%
10.5%
PLNT
Higher net margin
PLNT
PLNT
4.9% more per $
PLNT
16.0%
11.1%
ANIP
More free cash flow
PLNT
PLNT
$29.8M more FCF
PLNT
$59.0M
$29.1M
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
23.2%
PLNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
PLNT
PLNT
Revenue
$247.1M
$376.3M
Net Profit
$27.5M
$60.4M
Gross Margin
76.0%
Operating Margin
14.1%
28.2%
Net Margin
11.1%
16.0%
Revenue YoY
29.6%
10.5%
Net Profit YoY
367.5%
28.3%
EPS (diluted)
$1.14

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
PLNT
PLNT
Q4 25
$247.1M
$376.3M
Q3 25
$227.8M
$330.3M
Q2 25
$211.4M
$340.9M
Q1 25
$197.1M
$276.7M
Q4 24
$190.6M
$340.4M
Q3 24
$148.3M
$292.2M
Q2 24
$138.0M
$300.9M
Q1 24
$137.4M
$248.0M
Net Profit
ANIP
ANIP
PLNT
PLNT
Q4 25
$27.5M
$60.4M
Q3 25
$26.6M
$58.8M
Q2 25
$8.5M
$58.0M
Q1 25
$15.7M
$41.9M
Q4 24
$-10.3M
$47.1M
Q3 24
$-24.2M
$42.0M
Q2 24
$-2.3M
$48.6M
Q1 24
$18.2M
$34.3M
Gross Margin
ANIP
ANIP
PLNT
PLNT
Q4 25
76.0%
Q3 25
82.4%
Q2 25
82.6%
Q1 25
91.9%
Q4 24
76.4%
Q3 24
84.4%
Q2 24
82.7%
Q1 24
92.3%
Operating Margin
ANIP
ANIP
PLNT
PLNT
Q4 25
14.1%
28.2%
Q3 25
15.9%
32.4%
Q2 25
6.6%
30.0%
Q1 25
13.3%
28.6%
Q4 24
-2.3%
26.4%
Q3 24
-13.8%
27.8%
Q2 24
3.7%
29.0%
Q1 24
14.8%
26.5%
Net Margin
ANIP
ANIP
PLNT
PLNT
Q4 25
11.1%
16.0%
Q3 25
11.7%
17.8%
Q2 25
4.0%
17.0%
Q1 25
8.0%
15.1%
Q4 24
-5.4%
13.8%
Q3 24
-16.3%
14.4%
Q2 24
-1.7%
16.2%
Q1 24
13.2%
13.8%
EPS (diluted)
ANIP
ANIP
PLNT
PLNT
Q4 25
$1.14
Q3 25
$1.13
Q2 25
$0.36
Q1 25
$0.69
Q4 24
$-0.45
Q3 24
$-1.27
Q2 24
$-0.14
Q1 24
$0.82

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
PLNT
PLNT
Cash + ST InvestmentsLiquidity on hand
$285.6M
$452.4M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$540.7M
$-482.8M
Total Assets
$1.4B
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
PLNT
PLNT
Q4 25
$285.6M
$452.4M
Q3 25
$262.6M
$443.4M
Q2 25
$217.8M
$442.7M
Q1 25
$149.8M
$453.6M
Q4 24
$144.9M
$407.3M
Q3 24
$145.0M
$407.4M
Q2 24
$240.1M
$350.2M
Q1 24
$228.6M
$395.1M
Total Debt
ANIP
ANIP
PLNT
PLNT
Q4 25
$2.5B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Q1 24
$2.0B
Stockholders' Equity
ANIP
ANIP
PLNT
PLNT
Q4 25
$540.7M
$-482.8M
Q3 25
$505.8M
$-194.8M
Q2 25
$436.8M
$-158.7M
Q1 25
$418.6M
$-219.9M
Q4 24
$403.7M
$-215.4M
Q3 24
$405.9M
$-266.1M
Q2 24
$455.8M
$-317.7M
Q1 24
$452.0M
$-96.4M
Total Assets
ANIP
ANIP
PLNT
PLNT
Q4 25
$1.4B
$3.1B
Q3 25
$1.4B
$3.1B
Q2 25
$1.3B
$3.1B
Q1 25
$1.3B
$3.1B
Q4 24
$1.3B
$3.1B
Q3 24
$1.3B
$3.0B
Q2 24
$920.8M
$3.0B
Q1 24
$914.5M
$3.0B

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
PLNT
PLNT
Operating Cash FlowLast quarter
$30.4M
$109.1M
Free Cash FlowOCF − Capex
$29.1M
$59.0M
FCF MarginFCF / Revenue
11.8%
15.7%
Capex IntensityCapex / Revenue
0.5%
13.3%
Cash ConversionOCF / Net Profit
1.10×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$254.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
PLNT
PLNT
Q4 25
$30.4M
$109.1M
Q3 25
$44.1M
$131.5M
Q2 25
$75.8M
$44.0M
Q1 25
$35.0M
$133.9M
Q4 24
$15.9M
$49.1M
Q3 24
$12.5M
$126.8M
Q2 24
$17.4M
$78.2M
Q1 24
$18.3M
$89.7M
Free Cash Flow
ANIP
ANIP
PLNT
PLNT
Q4 25
$29.1M
$59.0M
Q3 25
$38.0M
$76.7M
Q2 25
$71.8M
$8.2M
Q1 25
$32.5M
$110.9M
Q4 24
$13.5M
$7.0M
Q3 24
$7.7M
$78.2M
Q2 24
$13.0M
$40.2M
Q1 24
$13.7M
$63.4M
FCF Margin
ANIP
ANIP
PLNT
PLNT
Q4 25
11.8%
15.7%
Q3 25
16.7%
23.2%
Q2 25
34.0%
2.4%
Q1 25
16.5%
40.1%
Q4 24
7.1%
2.1%
Q3 24
5.2%
26.7%
Q2 24
9.4%
13.4%
Q1 24
10.0%
25.6%
Capex Intensity
ANIP
ANIP
PLNT
PLNT
Q4 25
0.5%
13.3%
Q3 25
2.7%
16.6%
Q2 25
1.9%
10.5%
Q1 25
1.3%
8.3%
Q4 24
1.3%
12.4%
Q3 24
3.2%
16.6%
Q2 24
3.2%
12.6%
Q1 24
3.3%
10.6%
Cash Conversion
ANIP
ANIP
PLNT
PLNT
Q4 25
1.10×
1.81×
Q3 25
1.66×
2.23×
Q2 25
8.87×
0.76×
Q1 25
2.23×
3.20×
Q4 24
1.04×
Q3 24
3.02×
Q2 24
1.61×
Q1 24
1.00×
2.62×

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%

PLNT
PLNT

Corporate Owned Club Segment$135.6M36%
Equipment Revenue$121.2M32%
Franchise$98.6M26%
Advertising$20.8M6%
Related Party$4.3M1%

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