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

LendingTree, Inc. is the larger business by last-quarter revenue ($327.3M vs $247.1M, roughly 1.3× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs 5.3%, a 5.8% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 2.4%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 24.8%).

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.

LendingTree, Inc. is an online lending marketplace, founded in 1996 and headquartered in Charlotte, North Carolina. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products. Other additional services include financing tools, comparative loan searches and borrowing info...

ANIP vs TREE — Head-to-Head

Bigger by revenue
TREE
TREE
1.3× larger
TREE
$327.3M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+27.3% gap
ANIP
29.6%
2.4%
TREE
Higher net margin
ANIP
ANIP
5.8% more per $
ANIP
11.1%
5.3%
TREE
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
24.8%
TREE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
TREE
TREE
Revenue
$247.1M
$327.3M
Net Profit
$27.5M
$17.3M
Gross Margin
100.0%
Operating Margin
14.1%
9.5%
Net Margin
11.1%
5.3%
Revenue YoY
29.6%
2.4%
Net Profit YoY
367.5%
239.5%
EPS (diluted)
$1.14
$1.22

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
TREE
TREE
Q1 26
$327.3M
Q4 25
$247.1M
$319.7M
Q3 25
$227.8M
$307.8M
Q2 25
$211.4M
$250.1M
Q1 25
$197.1M
$239.7M
Q4 24
$190.6M
$261.5M
Q3 24
$148.3M
$260.8M
Q2 24
$138.0M
$210.1M
Net Profit
ANIP
ANIP
TREE
TREE
Q1 26
$17.3M
Q4 25
$27.5M
$144.7M
Q3 25
$26.6M
$10.2M
Q2 25
$8.5M
$8.9M
Q1 25
$15.7M
$-12.4M
Q4 24
$-10.3M
$7.5M
Q3 24
$-24.2M
$-58.0M
Q2 24
$-2.3M
$7.8M
Gross Margin
ANIP
ANIP
TREE
TREE
Q1 26
100.0%
Q4 25
29.2%
Q3 25
30.7%
Q2 25
34.0%
Q1 25
32.9%
Q4 24
33.6%
Q3 24
30.2%
Q2 24
34.5%
Operating Margin
ANIP
ANIP
TREE
TREE
Q1 26
9.5%
Q4 25
14.1%
7.0%
Q3 25
15.9%
9.3%
Q2 25
6.6%
8.4%
Q1 25
13.3%
-3.0%
Q4 24
-2.3%
6.9%
Q3 24
-13.8%
3.8%
Q2 24
3.7%
4.6%
Net Margin
ANIP
ANIP
TREE
TREE
Q1 26
5.3%
Q4 25
11.1%
45.2%
Q3 25
11.7%
3.3%
Q2 25
4.0%
3.5%
Q1 25
8.0%
-5.2%
Q4 24
-5.4%
2.9%
Q3 24
-16.3%
-22.2%
Q2 24
-1.7%
3.7%
EPS (diluted)
ANIP
ANIP
TREE
TREE
Q1 26
$1.22
Q4 25
$1.14
$10.32
Q3 25
$1.13
$0.73
Q2 25
$0.36
$0.65
Q1 25
$0.69
$-0.92
Q4 24
$-0.45
$0.54
Q3 24
$-1.27
$-4.34
Q2 24
$-0.14
$0.58

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
TREE
TREE
Cash + ST InvestmentsLiquidity on hand
$285.6M
$85.5M
Total DebtLower is stronger
$390.9M
Stockholders' EquityBook value
$540.7M
$304.7M
Total Assets
$1.4B
$863.9M
Debt / EquityLower = less leverage
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
TREE
TREE
Q1 26
$85.5M
Q4 25
$285.6M
$81.1M
Q3 25
$262.6M
$68.6M
Q2 25
$217.8M
$149.1M
Q1 25
$149.8M
$126.4M
Q4 24
$144.9M
$106.6M
Q3 24
$145.0M
$96.8M
Q2 24
$240.1M
$66.8M
Total Debt
ANIP
ANIP
TREE
TREE
Q1 26
$390.9M
Q4 25
$387.7M
Q3 25
$388.4M
Q2 25
$385.1M
Q1 25
$387.7M
Q4 24
$344.1M
Q3 24
$346.2M
Q2 24
$467.7M
Stockholders' Equity
ANIP
ANIP
TREE
TREE
Q1 26
$304.7M
Q4 25
$540.7M
$286.8M
Q3 25
$505.8M
$132.4M
Q2 25
$436.8M
$118.1M
Q1 25
$418.6M
$103.7M
Q4 24
$403.7M
$108.8M
Q3 24
$405.9M
$94.3M
Q2 24
$455.8M
$145.8M
Total Assets
ANIP
ANIP
TREE
TREE
Q1 26
$863.9M
Q4 25
$1.4B
$855.7M
Q3 25
$1.4B
$759.9M
Q2 25
$1.3B
$835.8M
Q1 25
$1.3B
$777.1M
Q4 24
$1.3B
$767.7M
Q3 24
$1.3B
$787.2M
Q2 24
$920.8M
$802.2M
Debt / Equity
ANIP
ANIP
TREE
TREE
Q1 26
1.28×
Q4 25
1.35×
Q3 25
2.93×
Q2 25
3.26×
Q1 25
3.74×
Q4 24
3.16×
Q3 24
3.67×
Q2 24
3.21×

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
TREE
TREE
Operating Cash FlowLast quarter
$30.4M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
0.8%
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
TREE
TREE
Q1 26
Q4 25
$30.4M
$73.1M
Q3 25
$44.1M
$28.8M
Q2 25
$75.8M
$28.0M
Q1 25
$35.0M
$-210.0K
Q4 24
$15.9M
$62.3M
Q3 24
$12.5M
$45.3M
Q2 24
$17.4M
$-4.9M
Free Cash Flow
ANIP
ANIP
TREE
TREE
Q1 26
Q4 25
$29.1M
$60.7M
Q3 25
$38.0M
$25.6M
Q2 25
$71.8M
$25.2M
Q1 25
$32.5M
$-3.6M
Q4 24
$13.5M
$51.0M
Q3 24
$7.7M
$42.3M
Q2 24
$13.0M
$-7.7M
FCF Margin
ANIP
ANIP
TREE
TREE
Q1 26
Q4 25
11.8%
19.0%
Q3 25
16.7%
8.3%
Q2 25
34.0%
10.1%
Q1 25
16.5%
-1.5%
Q4 24
7.1%
19.5%
Q3 24
5.2%
16.2%
Q2 24
9.4%
-3.7%
Capex Intensity
ANIP
ANIP
TREE
TREE
Q1 26
0.8%
Q4 25
0.5%
3.9%
Q3 25
2.7%
1.1%
Q2 25
1.9%
1.1%
Q1 25
1.3%
1.4%
Q4 24
1.3%
4.3%
Q3 24
3.2%
1.1%
Q2 24
3.2%
1.3%
Cash Conversion
ANIP
ANIP
TREE
TREE
Q1 26
Q4 25
1.10×
0.51×
Q3 25
1.66×
2.84×
Q2 25
8.87×
3.15×
Q1 25
2.23×
Q4 24
8.29×
Q3 24
Q2 24
-0.64×

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%

TREE
TREE

Insurance segment$221.9M68%
Consumer segment$66.3M20%
Home segment$39.1M12%

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