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Side-by-side financial comparison of PHIBRO ANIMAL HEALTH CORP (PAHC) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

PHIBRO ANIMAL HEALTH CORP is the larger business by last-quarter revenue ($373.9M vs $276.5M, roughly 1.4× SL GREEN REALTY CORP). PHIBRO ANIMAL HEALTH CORP runs the higher net margin — 7.3% vs -36.5%, a 43.8% gap on every dollar of revenue. On growth, PHIBRO ANIMAL HEALTH CORP posted the faster year-over-year revenue change (20.9% vs 12.4%). Over the past eight quarters, SL GREEN REALTY CORP's revenue compounded faster (21.3% CAGR vs 19.2%).

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

PAHC vs SLG — Head-to-Head

Bigger by revenue
PAHC
PAHC
1.4× larger
PAHC
$373.9M
$276.5M
SLG
Growing faster (revenue YoY)
PAHC
PAHC
+8.5% gap
PAHC
20.9%
12.4%
SLG
Higher net margin
PAHC
PAHC
43.8% more per $
PAHC
7.3%
-36.5%
SLG
Faster 2-yr revenue CAGR
SLG
SLG
Annualised
SLG
21.3%
19.2%
PAHC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PAHC
PAHC
SLG
SLG
Revenue
$373.9M
$276.5M
Net Profit
$27.5M
$-100.8M
Gross Margin
35.5%
Operating Margin
13.5%
64.2%
Net Margin
7.3%
-36.5%
Revenue YoY
20.9%
12.4%
Net Profit YoY
762.1%
-870.0%
EPS (diluted)
$0.67
$-1.49

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
PAHC
PAHC
SLG
SLG
Q4 25
$373.9M
$276.5M
Q3 25
$363.9M
$244.8M
Q2 25
$378.7M
$241.9M
Q1 25
$347.8M
$239.8M
Q4 24
$309.3M
$245.9M
Q3 24
$260.4M
$229.7M
Q2 24
$273.2M
$222.8M
Q1 24
$263.2M
$187.9M
Net Profit
PAHC
PAHC
SLG
SLG
Q4 25
$27.5M
$-100.8M
Q3 25
$26.5M
$28.6M
Q2 25
$17.2M
$-7.4M
Q1 25
$20.9M
$-17.3M
Q4 24
$3.2M
$19.1M
Q3 24
$7.0M
$-9.5M
Q2 24
$752.0K
$1.6M
Q1 24
$8.4M
$16.9M
Gross Margin
PAHC
PAHC
SLG
SLG
Q4 25
35.5%
Q3 25
32.9%
Q2 25
29.0%
Q1 25
30.1%
Q4 24
32.9%
Q3 24
32.1%
Q2 24
31.9%
Q1 24
30.2%
Operating Margin
PAHC
PAHC
SLG
SLG
Q4 25
13.5%
64.2%
Q3 25
14.1%
85.5%
Q2 25
8.9%
53.4%
Q1 25
9.6%
56.7%
Q4 24
8.3%
59.8%
Q3 24
6.8%
65.1%
Q2 24
6.7%
79.2%
Q1 24
7.6%
Net Margin
PAHC
PAHC
SLG
SLG
Q4 25
7.3%
-36.5%
Q3 25
7.3%
11.7%
Q2 25
4.5%
-3.0%
Q1 25
6.0%
-7.2%
Q4 24
1.0%
7.8%
Q3 24
2.7%
-4.2%
Q2 24
0.3%
0.7%
Q1 24
3.2%
9.0%
EPS (diluted)
PAHC
PAHC
SLG
SLG
Q4 25
$0.67
$-1.49
Q3 25
$0.65
$0.34
Q2 25
$0.43
$-0.16
Q1 25
$0.51
$-0.30
Q4 24
$0.08
$0.13
Q3 24
$0.17
$-0.21
Q2 24
$0.02
$-0.04
Q1 24
$0.21
$0.20

Balance Sheet & Financial Strength

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

Metric
PAHC
PAHC
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$74.5M
$155.7M
Total DebtLower is stronger
$624.2M
Stockholders' EquityBook value
$332.4M
$3.7B
Total Assets
$1.4B
$11.1B
Debt / EquityLower = less leverage
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAHC
PAHC
SLG
SLG
Q4 25
$74.5M
$155.7M
Q3 25
$85.3M
$187.0M
Q2 25
$77.0M
$182.9M
Q1 25
$70.4M
$180.1M
Q4 24
$67.1M
$184.3M
Q3 24
$89.8M
$188.2M
Q2 24
$114.6M
$199.5M
Q1 24
$98.7M
$196.0M
Total Debt
PAHC
PAHC
SLG
SLG
Q4 25
$624.2M
Q3 25
$628.0M
Q2 25
$631.7M
Q1 25
$635.4M
Q4 24
$639.1M
Q3 24
$295.2M
Q2 24
$312.1M
Q1 24
Stockholders' Equity
PAHC
PAHC
SLG
SLG
Q4 25
$332.4M
$3.7B
Q3 25
$311.7M
$3.8B
Q2 25
$285.7M
$3.8B
Q1 25
$266.0M
$3.8B
Q4 24
$246.8M
$4.0B
Q3 24
$258.5M
$3.6B
Q2 24
$256.6M
$3.7B
Q1 24
$270.1M
$3.7B
Total Assets
PAHC
PAHC
SLG
SLG
Q4 25
$1.4B
$11.1B
Q3 25
$1.4B
$11.1B
Q2 25
$1.4B
$11.3B
Q1 25
$1.3B
$11.4B
Q4 24
$1.3B
$10.5B
Q3 24
$966.3M
$10.2B
Q2 24
$982.2M
$9.5B
Q1 24
$979.0M
$9.8B
Debt / Equity
PAHC
PAHC
SLG
SLG
Q4 25
1.88×
Q3 25
2.01×
Q2 25
2.21×
Q1 25
2.39×
Q4 24
2.59×
Q3 24
1.14×
Q2 24
1.22×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PAHC
PAHC
SLG
SLG
Operating Cash FlowLast quarter
$19.4M
$82.9M
Free Cash FlowOCF − Capex
$8.3M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$47.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAHC
PAHC
SLG
SLG
Q4 25
$19.4M
$82.9M
Q3 25
$9.3M
$-6.8M
Q2 25
$21.3M
$54.5M
Q1 25
$43.2M
$6.7M
Q4 24
$3.1M
$129.6M
Q3 24
$12.6M
$16.7M
Q2 24
$28.4M
$79.4M
Q1 24
$11.4M
$-24.7M
Free Cash Flow
PAHC
PAHC
SLG
SLG
Q4 25
$8.3M
Q3 25
$-4.5M
Q2 25
$8.1M
Q1 25
$35.4M
Q4 24
$-4.7M
Q3 24
$3.0M
Q2 24
$15.4M
Q1 24
$1.7M
FCF Margin
PAHC
PAHC
SLG
SLG
Q4 25
2.2%
Q3 25
-1.2%
Q2 25
2.1%
Q1 25
10.2%
Q4 24
-1.5%
Q3 24
1.2%
Q2 24
5.6%
Q1 24
0.6%
Capex Intensity
PAHC
PAHC
SLG
SLG
Q4 25
3.0%
Q3 25
3.8%
Q2 25
3.5%
Q1 25
2.2%
Q4 24
2.5%
Q3 24
3.7%
Q2 24
4.8%
Q1 24
3.7%
Cash Conversion
PAHC
PAHC
SLG
SLG
Q4 25
0.70×
Q3 25
0.35×
-0.24×
Q2 25
1.24×
Q1 25
2.07×
Q4 24
0.97×
6.77×
Q3 24
1.81×
Q2 24
37.80×
50.33×
Q1 24
1.36×
-1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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