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

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $183.7M, roughly 1.3× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 11.1%, a 5.1% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 7.4%). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 8.6%).

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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

ANIP vs WING — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.3× larger
ANIP
$247.1M
$183.7M
WING
Growing faster (revenue YoY)
ANIP
ANIP
+22.3% gap
ANIP
29.6%
7.4%
WING
Higher net margin
WING
WING
5.1% more per $
WING
16.3%
11.1%
ANIP
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
8.6%
WING

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ANIP
ANIP
WING
WING
Revenue
$247.1M
$183.7M
Net Profit
$27.5M
$29.9M
Gross Margin
86.5%
Operating Margin
14.1%
27.4%
Net Margin
11.1%
16.3%
Revenue YoY
29.6%
7.4%
Net Profit YoY
367.5%
EPS (diluted)
$1.14
$1.08

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
WING
WING
Q1 26
$183.7M
Q4 25
$247.1M
$175.7M
Q3 25
$227.8M
$175.7M
Q2 25
$211.4M
$174.3M
Q1 25
$197.1M
$171.1M
Q4 24
$190.6M
$161.8M
Q3 24
$148.3M
$162.5M
Q2 24
$138.0M
$155.7M
Net Profit
ANIP
ANIP
WING
WING
Q1 26
$29.9M
Q4 25
$27.5M
$26.8M
Q3 25
$26.6M
$28.5M
Q2 25
$8.5M
$26.8M
Q1 25
$15.7M
$92.3M
Q4 24
$-10.3M
$26.8M
Q3 24
$-24.2M
$25.7M
Q2 24
$-2.3M
$27.5M
Gross Margin
ANIP
ANIP
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
ANIP
ANIP
WING
WING
Q1 26
27.4%
Q4 25
14.1%
26.7%
Q3 25
15.9%
27.9%
Q2 25
6.6%
25.9%
Q1 25
13.3%
22.4%
Q4 24
-2.3%
25.9%
Q3 24
-13.8%
24.5%
Q2 24
3.7%
26.5%
Net Margin
ANIP
ANIP
WING
WING
Q1 26
16.3%
Q4 25
11.1%
15.2%
Q3 25
11.7%
16.2%
Q2 25
4.0%
15.4%
Q1 25
8.0%
53.9%
Q4 24
-5.4%
16.5%
Q3 24
-16.3%
15.8%
Q2 24
-1.7%
17.7%
EPS (diluted)
ANIP
ANIP
WING
WING
Q1 26
$1.08
Q4 25
$1.14
$0.99
Q3 25
$1.13
$1.02
Q2 25
$0.36
$0.96
Q1 25
$0.69
$3.24
Q4 24
$-0.45
$0.91
Q3 24
$-1.27
$0.88
Q2 24
$-0.14
$0.93

Balance Sheet & Financial Strength

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

Metric
ANIP
ANIP
WING
WING
Cash + ST InvestmentsLiquidity on hand
$285.6M
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
Total Assets
$1.4B
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
WING
WING
Q1 26
$128.8M
Q4 25
$285.6M
$196.6M
Q3 25
$262.6M
$237.6M
Q2 25
$217.8M
$227.9M
Q1 25
$149.8M
$251.4M
Q4 24
$144.9M
$315.9M
Q3 24
$145.0M
$84.0M
Q2 24
$240.1M
$96.7M
Total Debt
ANIP
ANIP
WING
WING
Q1 26
Q4 25
$1.2B
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
ANIP
ANIP
WING
WING
Q1 26
Q4 25
$540.7M
$-736.8M
Q3 25
$505.8M
$-702.6M
Q2 25
$436.8M
$-686.0M
Q1 25
$418.6M
$-715.0M
Q4 24
$403.7M
$-675.6M
Q3 24
$405.9M
$-447.5M
Q2 24
$455.8M
$-437.5M
Total Assets
ANIP
ANIP
WING
WING
Q1 26
$648.9M
Q4 25
$1.4B
$693.4M
Q3 25
$1.4B
$721.0M
Q2 25
$1.3B
$708.3M
Q1 25
$1.3B
$696.8M
Q4 24
$1.3B
$716.2M
Q3 24
$1.3B
$484.8M
Q2 24
$920.8M
$451.8M

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
WING
WING
Operating Cash FlowLast quarter
$30.4M
Free Cash FlowOCF − Capex
$29.1M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
0.5%
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
WING
WING
Q1 26
Q4 25
$30.4M
$57.3M
Q3 25
$44.1M
$63.9M
Q2 25
$75.8M
$6.6M
Q1 25
$35.0M
$25.3M
Q4 24
$15.9M
$7.7M
Q3 24
$12.5M
$69.0M
Q2 24
$17.4M
$36.2M
Free Cash Flow
ANIP
ANIP
WING
WING
Q1 26
Q4 25
$29.1M
$34.5M
Q3 25
$38.0M
$61.7M
Q2 25
$71.8M
$-7.8M
Q1 25
$32.5M
$17.3M
Q4 24
$13.5M
$-8.6M
Q3 24
$7.7M
$54.9M
Q2 24
$13.0M
$25.9M
FCF Margin
ANIP
ANIP
WING
WING
Q1 26
Q4 25
11.8%
19.6%
Q3 25
16.7%
35.1%
Q2 25
34.0%
-4.5%
Q1 25
16.5%
10.1%
Q4 24
7.1%
-5.3%
Q3 24
5.2%
33.8%
Q2 24
9.4%
16.6%
Capex Intensity
ANIP
ANIP
WING
WING
Q1 26
Q4 25
0.5%
13.0%
Q3 25
2.7%
1.3%
Q2 25
1.9%
8.2%
Q1 25
1.3%
4.7%
Q4 24
1.3%
10.1%
Q3 24
3.2%
8.7%
Q2 24
3.2%
6.6%
Cash Conversion
ANIP
ANIP
WING
WING
Q1 26
Q4 25
1.10×
2.14×
Q3 25
1.66×
2.24×
Q2 25
8.87×
0.25×
Q1 25
2.23×
0.27×
Q4 24
0.29×
Q3 24
2.68×
Q2 24
1.32×

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%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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