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Side-by-side financial comparison of ANI PHARMACEUTICALS INC (ANIP) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $219.2M, roughly 1.1× Perella Weinberg Partners). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 6.3%, a 4.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $29.1M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

ANIP vs PWP — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.1× larger
ANIP
$247.1M
$219.2M
PWP
Growing faster (revenue YoY)
ANIP
ANIP
+32.5% gap
ANIP
29.6%
-2.9%
PWP
Higher net margin
ANIP
ANIP
4.8% more per $
ANIP
11.1%
6.3%
PWP
More free cash flow
PWP
PWP
$1.4M more FCF
PWP
$30.5M
$29.1M
ANIP
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
34.1%
ANIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
PWP
PWP
Revenue
$247.1M
$219.2M
Net Profit
$27.5M
$13.8M
Gross Margin
Operating Margin
14.1%
8.5%
Net Margin
11.1%
6.3%
Revenue YoY
29.6%
-2.9%
Net Profit YoY
367.5%
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
PWP
PWP
Q4 25
$247.1M
$219.2M
Q3 25
$227.8M
$164.6M
Q2 25
$211.4M
$155.3M
Q1 25
$197.1M
$211.8M
Q4 24
$190.6M
$225.7M
Q3 24
$148.3M
$278.2M
Q2 24
$138.0M
$272.0M
Q1 24
$137.4M
$102.1M
Net Profit
ANIP
ANIP
PWP
PWP
Q4 25
$27.5M
$13.8M
Q3 25
$26.6M
$6.0M
Q2 25
$8.5M
$2.7M
Q1 25
$15.7M
$17.3M
Q4 24
$-10.3M
Q3 24
$-24.2M
$16.4M
Q2 24
$-2.3M
$-66.0M
Q1 24
$18.2M
$-35.8M
Operating Margin
ANIP
ANIP
PWP
PWP
Q4 25
14.1%
8.5%
Q3 25
15.9%
5.4%
Q2 25
6.6%
5.8%
Q1 25
13.3%
5.5%
Q4 24
-2.3%
Q3 24
-13.8%
12.9%
Q2 24
3.7%
-30.2%
Q1 24
14.8%
-52.4%
Net Margin
ANIP
ANIP
PWP
PWP
Q4 25
11.1%
6.3%
Q3 25
11.7%
3.6%
Q2 25
4.0%
1.8%
Q1 25
8.0%
8.2%
Q4 24
-5.4%
Q3 24
-16.3%
5.9%
Q2 24
-1.7%
-24.3%
Q1 24
13.2%
-35.1%
EPS (diluted)
ANIP
ANIP
PWP
PWP
Q4 25
$1.14
$0.11
Q3 25
$1.13
$0.08
Q2 25
$0.36
$0.04
Q1 25
$0.69
$0.24
Q4 24
$-0.45
Q3 24
$-1.27
$0.24
Q2 24
$-0.14
$-1.21
Q1 24
$0.82
$-0.91

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$285.6M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$-127.4M
Total Assets
$1.4B
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
PWP
PWP
Q4 25
$285.6M
$255.9M
Q3 25
$262.6M
$185.5M
Q2 25
$217.8M
$145.0M
Q1 25
$149.8M
$111.2M
Q4 24
$144.9M
$407.4M
Q3 24
$145.0M
$335.1M
Q2 24
$240.1M
$185.3M
Q1 24
$228.6M
$156.7M
Stockholders' Equity
ANIP
ANIP
PWP
PWP
Q4 25
$540.7M
$-127.4M
Q3 25
$505.8M
$-302.4M
Q2 25
$436.8M
$-318.4M
Q1 25
$418.6M
$-323.1M
Q4 24
$403.7M
$-421.4M
Q3 24
$405.9M
$-360.8M
Q2 24
$455.8M
$-283.0M
Q1 24
$452.0M
$161.9M
Total Assets
ANIP
ANIP
PWP
PWP
Q4 25
$1.4B
$797.6M
Q3 25
$1.4B
$650.2M
Q2 25
$1.3B
$606.7M
Q1 25
$1.3B
$570.5M
Q4 24
$1.3B
$876.8M
Q3 24
$1.3B
$810.9M
Q2 24
$920.8M
$645.5M
Q1 24
$914.5M
$583.6M

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
PWP
PWP
Operating Cash FlowLast quarter
$30.4M
$34.8M
Free Cash FlowOCF − Capex
$29.1M
$30.5M
FCF MarginFCF / Revenue
11.8%
13.9%
Capex IntensityCapex / Revenue
0.5%
2.0%
Cash ConversionOCF / Net Profit
1.10×
2.52×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
PWP
PWP
Q4 25
$30.4M
$34.8M
Q3 25
$44.1M
$59.2M
Q2 25
$75.8M
$56.1M
Q1 25
$35.0M
$-176.5M
Q4 24
$15.9M
$223.4M
Q3 24
$12.5M
$200.3M
Q2 24
$17.4M
$90.0M
Q1 24
$18.3M
$-206.3M
Free Cash Flow
ANIP
ANIP
PWP
PWP
Q4 25
$29.1M
$30.5M
Q3 25
$38.0M
$57.6M
Q2 25
$71.8M
$55.3M
Q1 25
$32.5M
$-177.6M
Q4 24
$13.5M
$207.0M
Q3 24
$7.7M
$199.3M
Q2 24
$13.0M
$83.7M
Q1 24
$13.7M
$-214.8M
FCF Margin
ANIP
ANIP
PWP
PWP
Q4 25
11.8%
13.9%
Q3 25
16.7%
35.0%
Q2 25
34.0%
35.6%
Q1 25
16.5%
-83.8%
Q4 24
7.1%
91.7%
Q3 24
5.2%
71.6%
Q2 24
9.4%
30.8%
Q1 24
10.0%
-210.3%
Capex Intensity
ANIP
ANIP
PWP
PWP
Q4 25
0.5%
2.0%
Q3 25
2.7%
0.9%
Q2 25
1.9%
0.5%
Q1 25
1.3%
0.5%
Q4 24
1.3%
7.3%
Q3 24
3.2%
0.4%
Q2 24
3.2%
2.3%
Q1 24
3.3%
8.3%
Cash Conversion
ANIP
ANIP
PWP
PWP
Q4 25
1.10×
2.52×
Q3 25
1.66×
9.85×
Q2 25
8.87×
20.50×
Q1 25
2.23×
-10.18×
Q4 24
Q3 24
12.23×
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%

PWP
PWP

Segment breakdown not available.

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