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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($177.4M vs $116.1M, roughly 1.5× Ategrity Specialty Insurance Co Holdings). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs 1.6%, a 17.9% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

ASIC vs PCRX — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.5× larger
PCRX
$177.4M
$116.1M
ASIC
Higher net margin
ASIC
ASIC
17.9% more per $
ASIC
19.5%
1.6%
PCRX

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ASIC
ASIC
PCRX
PCRX
Revenue
$116.1M
$177.4M
Net Profit
$22.7M
$2.9M
Gross Margin
Operating Margin
25.6%
3.9%
Net Margin
19.5%
1.6%
Revenue YoY
5.0%
Net Profit YoY
EPS (diluted)
$0.45
$0.07

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
ASIC
ASIC
PCRX
PCRX
Q1 26
$177.4M
Q4 25
$196.9M
Q3 25
$116.1M
$179.5M
Q2 25
$101.8M
$181.1M
Q1 25
$168.9M
Q4 24
$187.3M
Q3 24
$168.6M
Q2 24
$178.0M
Net Profit
ASIC
ASIC
PCRX
PCRX
Q1 26
$2.9M
Q4 25
Q3 25
$22.7M
$5.4M
Q2 25
$17.6M
$-4.8M
Q1 25
$4.8M
Q4 24
Q3 24
$-143.5M
Q2 24
$18.9M
Gross Margin
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
79.5%
Q3 25
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
78.7%
Q3 24
76.9%
Q2 24
75.1%
Operating Margin
ASIC
ASIC
PCRX
PCRX
Q1 26
3.9%
Q4 25
1.2%
Q3 25
25.6%
3.5%
Q2 25
21.9%
4.7%
Q1 25
1.2%
Q4 24
13.2%
Q3 24
-82.8%
Q2 24
15.9%
Net Margin
ASIC
ASIC
PCRX
PCRX
Q1 26
1.6%
Q4 25
Q3 25
19.5%
3.0%
Q2 25
17.3%
-2.7%
Q1 25
2.8%
Q4 24
Q3 24
-85.1%
Q2 24
10.6%
EPS (diluted)
ASIC
ASIC
PCRX
PCRX
Q1 26
$0.07
Q4 25
$0.05
Q3 25
$0.45
$0.12
Q2 25
$0.39
$-0.11
Q1 25
$0.10
Q4 24
$0.38
Q3 24
$-3.11
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$34.3M
$144.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$588.6M
$653.9M
Total Assets
$1.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
PCRX
PCRX
Q1 26
$144.3M
Q4 25
$238.4M
Q3 25
$34.3M
$246.3M
Q2 25
$23.5M
$445.9M
Q1 25
$493.6M
Q4 24
$484.6M
Q3 24
$453.8M
Q2 24
$404.2M
Total Debt
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
$372.2M
Q3 25
$376.7M
Q2 25
$580.5M
Q1 25
$583.4M
Q4 24
$585.3M
Q3 24
Q2 24
Stockholders' Equity
ASIC
ASIC
PCRX
PCRX
Q1 26
$653.9M
Q4 25
$693.1M
Q3 25
$588.6M
$727.2M
Q2 25
$559.7M
$757.8M
Q1 25
$798.5M
Q4 24
$778.3M
Q3 24
$749.6M
Q2 24
$879.3M
Total Assets
ASIC
ASIC
PCRX
PCRX
Q1 26
$1.2B
Q4 25
$1.3B
Q3 25
$1.4B
$1.3B
Q2 25
$1.4B
$1.5B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.5B
Q2 24
$1.6B
Debt / Equity
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
0.54×
Q3 25
0.52×
Q2 25
0.77×
Q1 25
0.73×
Q4 24
0.75×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ASIC
ASIC
PCRX
PCRX
Operating Cash FlowLast quarter
$41.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
$43.7M
Q3 25
$41.1M
$60.8M
Q2 25
$50.8M
$12.0M
Q1 25
$35.5M
Q4 24
$33.1M
Q3 24
$53.9M
Q2 24
$53.2M
Free Cash Flow
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
$43.5M
Q3 25
$57.0M
Q2 25
$9.3M
Q1 25
$26.9M
Q4 24
$31.0M
Q3 24
$49.8M
Q2 24
$51.6M
FCF Margin
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
22.1%
Q3 25
31.7%
Q2 25
5.1%
Q1 25
15.9%
Q4 24
16.6%
Q3 24
29.6%
Q2 24
29.0%
Capex Intensity
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
0.1%
Q3 25
2.2%
Q2 25
1.5%
Q1 25
5.1%
Q4 24
1.1%
Q3 24
2.4%
Q2 24
0.9%
Cash Conversion
ASIC
ASIC
PCRX
PCRX
Q1 26
Q4 25
Q3 25
1.81×
11.20×
Q2 25
2.88×
Q1 25
7.37×
Q4 24
Q3 24
Q2 24
2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASIC
ASIC

Segment breakdown not available.

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

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