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Side-by-side financial comparison of Amer Sports, Inc. (AS) and NEUROCRINE BIOSCIENCES INC (NBIX). Click either name above to swap in a different company.

Amer Sports, Inc. is the larger business by last-quarter revenue ($1.1B vs $814.5M, roughly 1.3× NEUROCRINE BIOSCIENCES INC). NEUROCRINE BIOSCIENCES INC runs the higher net margin — 24.3% vs 1.8%, a 22.5% gap on every dollar of revenue.

Amer Sports, Inc. is a Finnish multinational sporting equipment division based in Helsinki, Finland. Established in 1950 as an industrial conglomerate with interests as diverse as tobacco trading, ship owning and publishing, Amer has gradually evolved into a multinational firm devoted to the production and marketing of sporting goods. The company employs over 9,700 people. Since 2018, Amer has been a subsidiary of Chinese retail conglomerate Anta Sports.

Neurocrine Biosciences, Inc. is an American biopharmaceutical company founded in 1992. It is headquartered in San Diego, California, and led by CEO Kyle Gano as of October 11, 2024. Neurocrine develops treatments for neurological and endocrine-related diseases and disorders. In 2017, the company's drug valbenazine (Ingrezza) was approved in the US to treat adults with tardive dyskinesia (TD).

AS vs NBIX — Head-to-Head

Bigger by revenue
AS
AS
1.3× larger
AS
$1.1B
$814.5M
NBIX
Higher net margin
NBIX
NBIX
22.5% more per $
NBIX
24.3%
1.8%
AS

Income Statement — Q1 FY2024 vs Q2 FY2026

Metric
AS
AS
NBIX
NBIX
Revenue
$1.1B
$814.5M
Net Profit
$19.0M
$197.9M
Gross Margin
52.8%
98.3%
Operating Margin
12.4%
23.7%
Net Margin
1.8%
24.3%
Revenue YoY
42.2%
Net Profit YoY
EPS (diluted)
$0.05
$1.91

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
AS
AS
NBIX
NBIX
Q2 26
$814.5M
Q4 25
$805.5M
Q3 25
$794.9M
Q2 25
$687.5M
Q1 25
$572.6M
Q4 24
$627.7M
Q3 24
$622.1M
Q2 24
$590.2M
Net Profit
AS
AS
NBIX
NBIX
Q2 26
$197.9M
Q4 25
$153.7M
Q3 25
$209.5M
Q2 25
$107.5M
Q1 25
$7.9M
Q4 24
$103.1M
Q3 24
$129.8M
Q2 24
$65.0M
Gross Margin
AS
AS
NBIX
NBIX
Q2 26
98.3%
Q4 25
97.8%
Q3 25
98.2%
Q2 25
98.4%
Q1 25
98.4%
Q4 24
98.5%
Q3 24
98.7%
Q2 24
98.4%
Operating Margin
AS
AS
NBIX
NBIX
Q2 26
23.7%
Q4 25
26.2%
Q3 25
30.1%
Q2 25
21.2%
Q1 25
4.1%
Q4 24
22.6%
Q3 24
29.5%
Q2 24
24.6%
Net Margin
AS
AS
NBIX
NBIX
Q2 26
24.3%
Q4 25
19.1%
Q3 25
26.4%
Q2 25
15.6%
Q1 25
1.4%
Q4 24
16.4%
Q3 24
20.9%
Q2 24
11.0%
EPS (diluted)
AS
AS
NBIX
NBIX
Q2 26
$1.91
Q4 25
$1.49
Q3 25
$2.04
Q2 25
$1.06
Q1 25
$0.08
Q4 24
$1.00
Q3 24
$1.24
Q2 24
$0.63

Balance Sheet & Financial Strength

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

Metric
AS
AS
NBIX
NBIX
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4B
Total Assets
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AS
AS
NBIX
NBIX
Q2 26
Q4 25
$713.0M
Q3 25
$340.2M
Q2 25
$264.0M
Q1 25
$194.1M
Q4 24
$233.0M
Q3 24
$349.1M
Q2 24
$139.7M
Stockholders' Equity
AS
AS
NBIX
NBIX
Q2 26
$3.4B
Q4 25
$3.3B
Q3 25
$3.0B
Q2 25
$2.7B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.5B
Total Assets
AS
AS
NBIX
NBIX
Q2 26
$4.9B
Q4 25
$4.6B
Q3 25
$4.3B
Q2 25
$3.9B
Q1 25
$3.7B
Q4 24
$3.7B
Q3 24
$3.5B
Q2 24
$3.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AS
AS
NBIX
NBIX
Operating Cash FlowLast quarter
$114.3M
Free Cash FlowOCF − Capex
$92.2M
FCF MarginFCF / Revenue
8.8%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
6.02×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AS
AS
NBIX
NBIX
Q2 26
Q4 25
$388.4M
Q3 25
$227.5M
Q2 25
$102.0M
Q1 25
$64.8M
Q4 24
$242.5M
Q3 24
$158.0M
Q2 24
$64.6M
Free Cash Flow
AS
AS
NBIX
NBIX
Q2 26
Q4 25
$386.0M
Q3 25
$214.3M
Q2 25
$89.5M
Q1 25
$54.1M
Q4 24
$235.2M
Q3 24
$149.9M
Q2 24
$53.0M
FCF Margin
AS
AS
NBIX
NBIX
Q2 26
Q4 25
47.9%
Q3 25
27.0%
Q2 25
13.0%
Q1 25
9.4%
Q4 24
37.5%
Q3 24
24.1%
Q2 24
9.0%
Capex Intensity
AS
AS
NBIX
NBIX
Q2 26
Q4 25
0.3%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
1.9%
Q4 24
1.2%
Q3 24
1.3%
Q2 24
2.0%
Cash Conversion
AS
AS
NBIX
NBIX
Q2 26
Q4 25
2.53×
Q3 25
1.09×
Q2 25
0.95×
Q1 25
8.20×
Q4 24
2.35×
Q3 24
1.22×
Q2 24
0.99×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AS
AS

Americas2$409.6M39%
EMEA1$356.9M34%
Greater China3$205.6M20%
Asia Pacific4$78.2M7%

NBIX
NBIX

INGREZZA Net Product Sales$656.9M81%
CRENESSITY Net Product Sales$153.3M19%
Other Revenues$4.3M1%

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