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

ANI PHARMACEUTICALS INC is the larger business by last-quarter revenue ($247.1M vs $192.4M, roughly 1.3× Xometry, Inc.). ANI PHARMACEUTICALS INC runs the higher net margin — 11.1% vs -4.5%, a 15.6% gap on every dollar of revenue. On growth, ANI PHARMACEUTICALS INC posted the faster year-over-year revenue change (29.6% vs 29.5%). ANI PHARMACEUTICALS INC produced more free cash flow last quarter ($29.1M vs $-5.9M). Over the past eight quarters, ANI PHARMACEUTICALS INC's revenue compounded faster (34.1% CAGR vs 25.2%).

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.

Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.

ANIP vs XMTR — Head-to-Head

Bigger by revenue
ANIP
ANIP
1.3× larger
ANIP
$247.1M
$192.4M
XMTR
Growing faster (revenue YoY)
ANIP
ANIP
+0.1% gap
ANIP
29.6%
29.5%
XMTR
Higher net margin
ANIP
ANIP
15.6% more per $
ANIP
11.1%
-4.5%
XMTR
More free cash flow
ANIP
ANIP
$35.0M more FCF
ANIP
$29.1M
$-5.9M
XMTR
Faster 2-yr revenue CAGR
ANIP
ANIP
Annualised
ANIP
34.1%
25.2%
XMTR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANIP
ANIP
XMTR
XMTR
Revenue
$247.1M
$192.4M
Net Profit
$27.5M
$-8.6M
Gross Margin
39.1%
Operating Margin
14.1%
-4.6%
Net Margin
11.1%
-4.5%
Revenue YoY
29.6%
29.5%
Net Profit YoY
367.5%
12.7%
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
XMTR
XMTR
Q4 25
$247.1M
$192.4M
Q3 25
$227.8M
$180.7M
Q2 25
$211.4M
$162.5M
Q1 25
$197.1M
$151.0M
Q4 24
$190.6M
$148.5M
Q3 24
$148.3M
$141.7M
Q2 24
$138.0M
$132.6M
Q1 24
$137.4M
$122.7M
Net Profit
ANIP
ANIP
XMTR
XMTR
Q4 25
$27.5M
$-8.6M
Q3 25
$26.6M
$-11.6M
Q2 25
$8.5M
$-26.4M
Q1 25
$15.7M
$-15.1M
Q4 24
$-10.3M
$-9.9M
Q3 24
$-24.2M
$-10.2M
Q2 24
$-2.3M
$-13.7M
Q1 24
$18.2M
$-16.6M
Gross Margin
ANIP
ANIP
XMTR
XMTR
Q4 25
39.1%
Q3 25
39.9%
Q2 25
40.1%
Q1 25
37.3%
Q4 24
39.7%
Q3 24
39.4%
Q2 24
39.9%
Q1 24
39.0%
Operating Margin
ANIP
ANIP
XMTR
XMTR
Q4 25
14.1%
-4.6%
Q3 25
15.9%
-6.1%
Q2 25
6.6%
-6.3%
Q1 25
13.3%
-10.2%
Q4 24
-2.3%
-7.8%
Q3 24
-13.8%
-8.1%
Q2 24
3.7%
-11.5%
Q1 24
14.8%
-14.6%
Net Margin
ANIP
ANIP
XMTR
XMTR
Q4 25
11.1%
-4.5%
Q3 25
11.7%
-6.4%
Q2 25
4.0%
-16.3%
Q1 25
8.0%
-10.0%
Q4 24
-5.4%
-6.7%
Q3 24
-16.3%
-7.2%
Q2 24
-1.7%
-10.3%
Q1 24
13.2%
-13.5%
EPS (diluted)
ANIP
ANIP
XMTR
XMTR
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
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$285.6M
$219.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$540.7M
$275.6M
Total Assets
$1.4B
$703.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIP
ANIP
XMTR
XMTR
Q4 25
$285.6M
$219.1M
Q3 25
$262.6M
$224.5M
Q2 25
$217.8M
$225.8M
Q1 25
$149.8M
$231.4M
Q4 24
$144.9M
$239.8M
Q3 24
$145.0M
$234.0M
Q2 24
$240.1M
$240.9M
Q1 24
$228.6M
$253.8M
Stockholders' Equity
ANIP
ANIP
XMTR
XMTR
Q4 25
$540.7M
$275.6M
Q3 25
$505.8M
$272.0M
Q2 25
$436.8M
$270.4M
Q1 25
$418.6M
$309.9M
Q4 24
$403.7M
$314.5M
Q3 24
$405.9M
$315.2M
Q2 24
$455.8M
$315.8M
Q1 24
$452.0M
$320.4M
Total Assets
ANIP
ANIP
XMTR
XMTR
Q4 25
$1.4B
$703.7M
Q3 25
$1.4B
$698.9M
Q2 25
$1.3B
$687.0M
Q1 25
$1.3B
$690.1M
Q4 24
$1.3B
$680.1M
Q3 24
$1.3B
$678.2M
Q2 24
$920.8M
$678.6M
Q1 24
$914.5M
$692.5M

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
XMTR
XMTR
Operating Cash FlowLast quarter
$30.4M
$4.4M
Free Cash FlowOCF − Capex
$29.1M
$-5.9M
FCF MarginFCF / Revenue
11.8%
-3.0%
Capex IntensityCapex / Revenue
0.5%
5.3%
Cash ConversionOCF / Net Profit
1.10×
TTM Free Cash FlowTrailing 4 quarters
$171.4M
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIP
ANIP
XMTR
XMTR
Q4 25
$30.4M
$4.4M
Q3 25
$44.1M
$5.8M
Q2 25
$75.8M
$-427.0K
Q1 25
$35.0M
$-3.7M
Q4 24
$15.9M
$9.1M
Q3 24
$12.5M
$-3.6M
Q2 24
$17.4M
$-9.1M
Q1 24
$18.3M
$-11.7M
Free Cash Flow
ANIP
ANIP
XMTR
XMTR
Q4 25
$29.1M
$-5.9M
Q3 25
$38.0M
$-1.7M
Q2 25
$71.8M
$-7.4M
Q1 25
$32.5M
$-9.2M
Q4 24
$13.5M
$4.5M
Q3 24
$7.7M
$-8.4M
Q2 24
$13.0M
$-13.5M
Q1 24
$13.7M
$-16.1M
FCF Margin
ANIP
ANIP
XMTR
XMTR
Q4 25
11.8%
-3.0%
Q3 25
16.7%
-0.9%
Q2 25
34.0%
-4.5%
Q1 25
16.5%
-6.1%
Q4 24
7.1%
3.1%
Q3 24
5.2%
-6.0%
Q2 24
9.4%
-10.2%
Q1 24
10.0%
-13.1%
Capex Intensity
ANIP
ANIP
XMTR
XMTR
Q4 25
0.5%
5.3%
Q3 25
2.7%
4.1%
Q2 25
1.9%
4.3%
Q1 25
1.3%
3.6%
Q4 24
1.3%
3.1%
Q3 24
3.2%
3.4%
Q2 24
3.2%
3.3%
Q1 24
3.3%
3.5%
Cash Conversion
ANIP
ANIP
XMTR
XMTR
Q4 25
1.10×
Q3 25
1.66×
Q2 25
8.87×
Q1 25
2.23×
Q4 24
Q3 24
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%

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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