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

Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $247.1M, roughly 1.4× ANI PHARMACEUTICALS INC). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -12.9%, a 24.0% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs -0.4%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-680.1M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 22.1%).

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.

Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.

ANIP vs WD — Head-to-Head

Bigger by revenue
WD
WD
1.4× larger
WD
$340.0M
$247.1M
ANIP
Growing faster (revenue YoY)
ANIP
ANIP
+30.1% gap
ANIP
29.6%
-0.4%
WD
Higher net margin
ANIP
ANIP
24.0% more per $
ANIP
11.1%
-12.9%
WD
More free cash flow
ANIP
ANIP
$709.2M more FCF
ANIP
$29.1M
$-680.1M
WD
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
22.1%
WD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
WD
WD
Revenue
$247.1M
$340.0M
Net Profit
$27.5M
$-13.9M
Gross Margin
Operating Margin
14.1%
-17.2%
Net Margin
11.1%
-12.9%
Revenue YoY
29.6%
-0.4%
Net Profit YoY
367.5%
-131.0%
EPS (diluted)
$1.14
$-0.41

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
WD
WD
Q4 25
$247.1M
$340.0M
Q3 25
$227.8M
$337.7M
Q2 25
$211.4M
$319.2M
Q1 25
$197.1M
$237.4M
Q4 24
$190.6M
$341.5M
Q3 24
$148.3M
$292.3M
Q2 24
$138.0M
$270.7M
Q1 24
$137.4M
$228.1M
Net Profit
ANIP
ANIP
WD
WD
Q4 25
$27.5M
$-13.9M
Q3 25
$26.6M
$33.5M
Q2 25
$8.5M
$34.0M
Q1 25
$15.7M
$2.8M
Q4 24
$-10.3M
$44.8M
Q3 24
$-24.2M
$28.8M
Q2 24
$-2.3M
$22.7M
Q1 24
$18.2M
$11.9M
Operating Margin
ANIP
ANIP
WD
WD
Q4 25
14.1%
-17.2%
Q3 25
15.9%
13.6%
Q2 25
6.6%
14.5%
Q1 25
13.3%
2.2%
Q4 24
-2.3%
15.3%
Q3 24
-13.8%
12.8%
Q2 24
3.7%
10.4%
Q1 24
14.8%
6.0%
Net Margin
ANIP
ANIP
WD
WD
Q4 25
11.1%
-12.9%
Q3 25
11.7%
9.9%
Q2 25
4.0%
10.6%
Q1 25
8.0%
1.2%
Q4 24
-5.4%
13.1%
Q3 24
-16.3%
9.9%
Q2 24
-1.7%
8.4%
Q1 24
13.2%
5.2%
EPS (diluted)
ANIP
ANIP
WD
WD
Q4 25
$1.14
$-0.41
Q3 25
$1.13
$0.98
Q2 25
$0.36
$0.99
Q1 25
$0.69
$0.08
Q4 24
$-0.45
$1.32
Q3 24
$-1.27
$0.85
Q2 24
$-0.14
$0.67
Q1 24
$0.82
$0.35

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
WD
WD
Cash + ST InvestmentsLiquidity on hand
$285.6M
$299.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$1.7B
Total Assets
$1.4B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
WD
WD
Q4 25
$285.6M
$299.3M
Q3 25
$262.6M
$274.8M
Q2 25
$217.8M
$233.7M
Q1 25
$149.8M
$181.0M
Q4 24
$144.9M
$279.3M
Q3 24
$145.0M
$179.8M
Q2 24
$240.1M
$208.1M
Q1 24
$228.6M
$216.5M
Stockholders' Equity
ANIP
ANIP
WD
WD
Q4 25
$540.7M
$1.7B
Q3 25
$505.8M
$1.8B
Q2 25
$436.8M
$1.8B
Q1 25
$418.6M
$1.7B
Q4 24
$403.7M
$1.7B
Q3 24
$405.9M
$1.7B
Q2 24
$455.8M
$1.7B
Q1 24
$452.0M
$1.7B
Total Assets
ANIP
ANIP
WD
WD
Q4 25
$1.4B
$5.1B
Q3 25
$1.4B
$5.8B
Q2 25
$1.3B
$4.7B
Q1 25
$1.3B
$4.5B
Q4 24
$1.3B
$4.4B
Q3 24
$1.3B
$4.6B
Q2 24
$920.8M
$4.2B
Q1 24
$914.5M
$3.8B

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
WD
WD
Operating Cash FlowLast quarter
$30.4M
$-664.3M
Free Cash FlowOCF − Capex
$29.1M
$-680.1M
FCF MarginFCF / Revenue
11.8%
-200.0%
Capex IntensityCapex / Revenue
0.5%
4.6%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$-2.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
WD
WD
Q4 25
$30.4M
$-664.3M
Q3 25
$44.1M
$-948.1M
Q2 25
$75.8M
$-238.5M
Q1 25
$35.0M
$-281.1M
Q4 24
$15.9M
$129.4M
Q3 24
$12.5M
$-202.0M
Q2 24
$17.4M
$-237.8M
Q1 24
$18.3M
$38.4M
Free Cash Flow
ANIP
ANIP
WD
WD
Q4 25
$29.1M
$-680.1M
Q3 25
$38.0M
$-950.4M
Q2 25
$71.8M
$-241.0M
Q1 25
$32.5M
$-284.7M
Q4 24
$13.5M
$116.4M
Q3 24
$7.7M
$-204.0M
Q2 24
$13.0M
$-241.7M
Q1 24
$13.7M
$35.2M
FCF Margin
ANIP
ANIP
WD
WD
Q4 25
11.8%
-200.0%
Q3 25
16.7%
-281.5%
Q2 25
34.0%
-75.5%
Q1 25
16.5%
-120.0%
Q4 24
7.1%
34.1%
Q3 24
5.2%
-69.8%
Q2 24
9.4%
-89.3%
Q1 24
10.0%
15.4%
Capex Intensity
ANIP
ANIP
WD
WD
Q4 25
0.5%
4.6%
Q3 25
2.7%
0.7%
Q2 25
1.9%
0.8%
Q1 25
1.3%
1.5%
Q4 24
1.3%
3.8%
Q3 24
3.2%
0.7%
Q2 24
3.2%
1.4%
Q1 24
3.3%
1.4%
Cash Conversion
ANIP
ANIP
WD
WD
Q4 25
1.10×
Q3 25
1.66×
-28.34×
Q2 25
8.87×
-7.02×
Q1 25
2.23×
-102.07×
Q4 24
2.89×
Q3 24
-7.01×
Q2 24
-10.49×
Q1 24
1.00×
3.24×

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%

WD
WD

Segment breakdown not available.

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