AMPH vs ANIP vs FENC Stock Comparison

Amphastar Pharmaceuticals, Ani Pharmaceuticals and Fennec Pharmaceuticals Prices as of Nov 5, 2026 Peers: Industry group
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ANIP Ani Pharmaceuticals Inc
$69.62 -2.7% 1M -24.8% 1Y
Market cap
$1.45B
P/E
13.4x
Revenue (TTM)
$978.38M
Div. yield
–
Generic Drugs Healthcare
7 wins

Head to Head

11 decided of 12

Ani Pharmaceuticals leads on 7 of the 12 questions below (Ani Pharmaceuticals 7, Amphastar Pharmaceuticals 2, Fennec Pharmaceuticals 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMPHANIPFENCLeader
Larger companyMarket capitalisation $1.20B $1.45B $335.09M ANIP
Cheaper on earningsLower P/E, profitable companies only 12.2x 13.4x -103.1x AMPH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.0x 7.1x 32.4x ANIP
Faster revenue growthRevenue growth, trailing twelve months +3.1% +30.9% +77.8% FENC
More profitableNet margin, trailing twelve months 13.3% 11.0% -5.5% AMPH
Better return on capitalReturn on invested capital 7.6% 12.9% — ANIP
Less leveragedLower net debt / EBITDA 1.9x -0.2x — ANIP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +9.3% -24.8% +13.8% FENC
Better 5-year returnAnnualised price return, 5 years +6.6%/yr +6.8%/yr +0.1%/yr ANIP
Less volatileAnnualised volatility, 1 year 54.4% 32.1% 65.2% ANIP
Higher overall scoreMean of the five percentile scores vs peers 73/100 84/100 70/100 ANIP

Percentile Scorecard

AMPHANIPFENC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMPHANIPFENC
Valuation 98 #11 of 634 96 #26 of 634 81 #120 of 634
Growth 40 #368 of 608 97 #17 of 608 98 #15 of 608
Profitability 88 #69 of 557 89 #60 of 557 87 #73 of 557
Financial Health 40 #396 of 654 44 #367 of 654 56 #286 of 654
Shareholder Returns 99 #5 of 403 92 #35 of 403 29 #288 of 403
Overall 73 84 70
  • AMPH ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ANIP ranked among 671 companies in Pharmaceuticals and Biotechnology
  • FENC ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMPHANIPFENCSPY
1 month +6.8%-2.7%-9.3% -5.9%
3 months +39.6%-15.7%-13.4% -4.6%
6 months +15.1%-17.0%+36.1% +0.2%
Year to date +3.3%-11.8%+21.9% +7.5%
1 year +9.3%-24.8%+13.8% +8.2%
3 years -40.9%+10.6%+18.0% +68.3%
3 years, per year -16.1%+3.4%+5.7% +19.0%
5 years +37.7%+39.2%+0.4% +56.5%
5 years, per year +6.6%+6.8%+0.1% +9.4%
10 years +59.5%+38.4%+364.9% +251.5%
10 years, per year +4.8%+3.3%+16.6% +13.4%

Risk

MeasureAMPHANIPFENCSPY
Volatility, 1Y 54.4%32.1%65.2% 13.6%
Downside volatility, 1Y 66.5%31.9%62.7% 14.2%
Beta vs S&P 500, 1Y 0.550.311.41 1.00
Return / volatility, 1Y 0.17-0.770.21 0.60
Max drawdown, 5Y -74.0%-54.6%-65.6% -25.4%
From 52-week high -5.9%-24.8%-26.5% -5.9%
52-week high $29.40$92.62$12.78 $779.14
52-week low $16.87$69.62$5.77 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMPHANIPFENC
P/E now vs peer median 11.9xmedian 17.8x 13.6xmedian 17.8x -99.8xmedian 17.8x
P/S now vs peer median 1.6xmedian 8.1x 1.7xmedian 8.1x 5.6xmedian 8.1x
EV/EBITDA now vs peer median 7.7xmedian 15.7x 6.7xmedian 15.7x —median 15.7x
P/FCF now vs peer median 8.5xmedian 21.0x 9.6xmedian 21.0x -161.3xmedian 21.0x
P/B now vs peer median 1.4xmedian 2.0x 2.8xmedian 2.0x 7.8xmedian 2.0x
PEG now vs peer median -3.81median 0.36 0.09median 0.36 -1.83median 0.36

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMPHANIPFENC
Revenue $745.79M $978.38M $59.22M
Gross profit $349.09M $590.98M $55.51M
Operating income $139.74M $150.36M -$1.13M
Net income $98.96M $108.31M -$3.25M
Free cash flow $139.02M $172.99M -$2.04M
R&D $92.29M $49.91M $216.00K
EPS (diluted) $2.28 $4.93 $-0.09
Cash & equivalents $204.59M $360.21M $41.25M
Total debt $613.00M $301.48M –
Shares (diluted) 43.38M 21.92M 36.43M
Enterprise value $108.83M $232.28M $194.92M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMPHANIPFENC
P/E 11.9x 13.6x -99.8x
P/FCF 8.5x 9.6x -161.3x
P/Operating cash flow 6.7x 8.8x -161.3x
P/S 1.6x 1.7x 5.6x
P/B 1.4x 2.8x 7.8x
P/Tangible book 1.5x 11.3x 7.8x
EV/EBITDA 7.7x 6.7x –
EV/EBIT 11.2x 10.7x -255.8x
EV/Revenue 2.1x 1.6x 4.9x
EV/FCF 11.2x 9.3x -141.0x
EV/Operating cash flow 8.9x 8.5x -141.0x
PEG (3Y EPS CAGR) -3.81 0.09 -1.83

Growth

14 metrics
MetricAMPHANIPFENC
Revenue growth (1Y) 3.1% 30.9% 77.8%
Revenue CAGR (3Y) 7.4% 34.6% 125.3%
Gross profit growth (1Y) -2.2% 29.5% 85.4%
Gross profit CAGR (3Y) 2.3% 32.8% –
Operating income growth (1Y) -6.8% 889.9% 88.4%
Operating income CAGR (3Y) -8.2% 98.9% 63.9%
Net income growth (1Y) -11.3% 1,161% 73.0%
Net income CAGR (3Y) -9.9% 184.4% 50.3%
EPS growth (1Y) -2.6% 945.2% 79.5%
EPS CAGR (3Y) -3.1% 146.4% 54.7%
Operating cash flow growth (1Y) 15.1% 36.2% 82.5%
Operating cash flow CAGR (3Y) 0.1% 66.2% 54.3%
Free cash flow growth (1Y) 22.7% 37.9% 82.5%
Free cash flow CAGR (3Y) -0.2% 77.7% 54.3%

Profitability

14 metrics
MetricAMPHANIPFENC
Gross margin 46.8% 60.4% 93.7%
EBITDA margin 27.1% 24.3% –
Operating margin 18.7% 15.4% -1.9%
Pretax margin 17.4% 14.6% -1.7%
Net margin 13.3% 11.0% -5.5%
FCF margin 18.6% 17.7% -3.4%
Operating cash flow margin 23.5% 19.4% -3.4%
Return on equity 12.5% 18.7% -2.7%
Return on assets 5.7% 7.4% -1.5%
Return on invested capital 7.6% 12.9% –
Return on capital employed 9.0% 12.8% -1.8%
Asset turnover 0.4x 0.7x 0.8x
Cash conversion (OCF / net income) 1.8x 1.7x 0.6x
Stock comp / revenue 4.0% 4.2% 12.6%

Financial Health

11 metrics
MetricAMPHANIPFENC
Debt / assets 35.8% 20.2% –
Debt / equity 0.8x 0.5x –
Net debt / EBITDA 1.9x -0.2x –
Debt / FCF 4.4x 1.7x –
Liabilities / assets 52.4% 60.0% 44.0%
Equity / assets 47.6% 40.0% 56.0%
Interest coverage 5.3x – -1.2x
Current ratio 3.3x 2.9x 5.8x
Quick ratio 2.3x 2.2x 5.2x
Cash ratio 1.3x 1.3x 3.3x
Altman Z-score 2.40 2.56 3.41

Shareholder Returns

7 metrics
MetricAMPHANIPFENC
Dividend yield – – –
Net buyback yield 7.8% 0.6% -14.4%
Shareholder yield 7.8% 0.6% -14.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMPHANIPFENC
Forward P/E 9.0xFY2026 7.1xFY2026 32.4xFY2026
EPS, next fiscal year $3.09FY2026 $9.81FY2026 $0.29FY2026
EPS growth, next FY -4.9%FY2026 +24.3%FY2026 –
EPS growth, the year after +9.4% -2.3% +227.6%
Revenue, next fiscal year $790.23MFY2026 $1.15BFY2026 $75.50MFY2026
Revenue growth, next FY +9.8%FY2026 +29.9%FY2026 +69.1%FY2026
Revenue growth, the year after -5.4% +9.7% +27.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMPHANIPFENC
Held by institutions 64.8% 96.0% 46.6%
Institutions holding 209 306 107
Change in shares held, QoQ -11.7% -1.8% +0.7%
Institutions buying 96 172 71
Institutions selling 74 88 19
Buyers to sellers 1.30 1.95 3.74

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMPHANIPFENC
AMPH 1.00 0.34 0.08
ANIP 0.34 1.00 0.08
FENC 0.08 0.08 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, AMPH, ANIP and FENC?

Ani Pharmaceuticals (ANIP) is the largest by market capitalisation: Amphastar Pharmaceuticals (AMPH) $1.20B, Ani Pharmaceuticals (ANIP) $1.45B, Fennec Pharmaceuticals (FENC) $335.09M.

Which stock is cheaper, AMPH, ANIP and FENC?

Amphastar Pharmaceuticals (AMPH) trades on the lowest price-to-earnings ratio (Amphastar Pharmaceuticals (AMPH) 12.2x, Ani Pharmaceuticals (ANIP) 13.4x, Fennec Pharmaceuticals (FENC) -103.1x). On next year's consensus earnings, Ani Pharmaceuticals (ANIP) is cheapest (Amphastar Pharmaceuticals (AMPH) 9.0x, Ani Pharmaceuticals (ANIP) 7.1x, Fennec Pharmaceuticals (FENC) 32.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Amphastar Pharmaceuticals (AMPH) +3.1%, Ani Pharmaceuticals (ANIP) +30.9%, Fennec Pharmaceuticals (FENC) +77.8%.

Which company is more profitable?

Amphastar Pharmaceuticals (AMPH) has the highest net margin (Amphastar Pharmaceuticals (AMPH) 13.3%, Ani Pharmaceuticals (ANIP) 11.0%, Fennec Pharmaceuticals (FENC) -5.5%). On return on invested capital, Ani Pharmaceuticals (ANIP) leads (Amphastar Pharmaceuticals (AMPH) 7.6%, Ani Pharmaceuticals (ANIP) 12.9%).

Which stock has performed better?

Over the past year Fennec Pharmaceuticals (FENC) returned the most: Amphastar Pharmaceuticals (AMPH) +9.3%, Ani Pharmaceuticals (ANIP) -24.8%, Fennec Pharmaceuticals (FENC) +13.8%. Over five years, Ani Pharmaceuticals (ANIP) compounded fastest (Amphastar Pharmaceuticals (AMPH) +6.6%/yr, Ani Pharmaceuticals (ANIP) +6.8%/yr, Fennec Pharmaceuticals (FENC) +0.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ani Pharmaceuticals (ANIP) has been the steadiest (Amphastar Pharmaceuticals (AMPH) 54.4%, Ani Pharmaceuticals (ANIP) 32.1%, Fennec Pharmaceuticals (FENC) 65.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMPH, ANIP and FENC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Ani Pharmaceuticals (ANIP) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.