AMPH vs BHC Stock Comparison

Amphastar Pharmaceuticals and Bausch Health Companies Prices as of Oct 23, 2026 Peers: Industry group

Head to Head

10 decided of 12

Amphastar Pharmaceuticals leads on 7 of the 12 questions below (Amphastar Pharmaceuticals 7, Bausch Health Companies 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMPHBHCLeader
Larger companyMarket capitalisation $1.11B $2.38B BHC
Cheaper on earningsLower P/E, profitable companies only 14.2x -2.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.1x 1.3x BHC
Faster revenue growthRevenue growth, trailing twelve months +1.0% +10.1% BHC
More profitableNet margin, trailing twelve months 10.8% -10.1% AMPH
Better return on capitalReturn on invested capital 6.4% 4.6% AMPH
Less leveragedLower net debt / EBITDA 1.8x 8.9x AMPH
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +1.7% +1.1% AMPH
Better 5-year returnAnnualised price return, 5 years +5.6%/yr -25.8%/yr AMPH
Less volatileAnnualised volatility, 1 year 54.2% 54.7% AMPH
Higher overall scoreMean of the five percentile scores vs peers 73/100 60/100 AMPH

Percentile Scorecard

AMPHBHC

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

AxisAMPHBHC
Valuation 99 #9 of 624 99 #10 of 624
Growth 43 #346 of 603 44 #340 of 603
Profitability 88 #70 of 555 84 #89 of 555
Financial Health 37 #415 of 657 15 #561 of 657
Shareholder Returns 99 #6 of 370 –
Overall 73 60
  • AMPH ranked among 671 companies in Pharmaceuticals and Biotechnology
  • BHC 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

PeriodAMPHBHCSPY
1 month +0.7%+12.8% -1.0%
3 months +34.3%+45.6% +2.9%
6 months +17.4%+14.6% +6.4%
Year to date -6.1%-7.2% +11.4%
1 year +1.7%+1.1% +13.1%
3 years -44.6%-9.8% +79.4%
3 years, per year -17.9%-3.4% +21.5%
5 years +31.0%-77.5% +67.7%
5 years, per year +5.6%-25.8% +10.9%
10 years +35.2%-70.6% +255.2%
10 years, per year +3.1%-11.5% +13.5%

Risk

MeasureAMPHBHCSPY
Volatility, 1Y 54.2%54.7% 12.7%
Downside volatility, 1Y 65.9%48.1% 12.7%
Beta vs S&P 500, 1Y 0.550.87 1.00
Return / volatility, 1Y 0.030.02 1.03
Max drawdown, 5Y -74.0%-85.1% -25.4%
From 52-week high -14.5%-18.4% -2.5%
52-week high $29.40$7.90 $779.14
52-week low $16.87$4.43 $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.

MultipleAMPHBHC
P/E now vs peer median 14.0xmedian 17.2x -2.2xmedian 17.2x
P/S now vs peer median 1.5xmedian 8.8x 0.2xmedian 8.8x
EV/EBITDA now vs peer median 8.0xmedian 16.0x 10.0xmedian 16.0x
P/FCF now vs peer median 7.0xmedian 17.8x 1.7xmedian 17.8x
P/B now vs peer median 1.4xmedian 2.1x -1.4xmedian 2.1x
PEG now vs peer median -5.46median 0.32 0.03median 0.32

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 monthsAMPHBHC
Revenue $730.02M $10.85B
Gross profit $348.11M $7.80B
Operating income $114.29M $883.00M
Net income $78.55M -$1.10B
Free cash flow $152.89M $1.43B
R&D $94.57M $663.00M
EPS (diluted) $1.78 $-2.90
Cash & equivalents $223.61M $1.83B
Total debt $612.05M $20.74B
Shares (diluted) 44.23M 378.10M
Enterprise value -$29.05M -$3.36B

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
MetricAMPHBHC
P/E 14.0x -2.2x
P/FCF 7.0x 1.7x
P/Operating cash flow 5.8x 1.3x
P/S 1.5x 0.2x
P/B 1.4x -1.4x
P/Tangible book 1.4x -0.4x
EV/EBITDA 8.0x 10.0x
EV/EBIT 12.2x 24.2x
EV/Revenue 1.9x 2.0x
EV/FCF 9.1x 14.9x
EV/Operating cash flow 7.5x 11.8x
PEG (3Y EPS CAGR) -5.46 0.03

Growth

14 metrics
MetricAMPHBHC
Revenue growth (1Y) 1.0% 10.1%
Revenue CAGR (3Y) 10.5% 9.1%
Gross profit growth (1Y) -3.4% 11.8%
Gross profit CAGR (3Y) 8.0% 9.8%
Operating income growth (1Y) -37.1% -44.7%
Operating income CAGR (3Y) -4.5% 14.1%
Net income growth (1Y) -41.7% -1,721%
Net income CAGR (3Y) -8.3% -76.0%
EPS growth (1Y) -36.5% -1,206%
EPS CAGR (3Y) -2.6% -79.0%
Operating cash flow growth (1Y) 15.6% 19.5%
Operating cash flow CAGR (3Y) 12.1% 83.8%
Free cash flow growth (1Y) 36.3% 28.3%
Free cash flow CAGR (3Y) 15.0% 62.6%

Profitability

14 metrics
MetricAMPHBHC
Gross margin 47.7% 71.8%
EBITDA margin 23.9% 19.6%
Operating margin 15.7% 8.1%
Pretax margin 14.0% -6.7%
Net margin 10.8% -10.1%
FCF margin 20.9% 13.2%
Operating cash flow margin 25.3% 16.6%
Return on equity 10.2% –
Return on assets 4.6% -4.4%
Return on invested capital 6.4% 4.6%
Return on capital employed 8.0% 4.4%
Asset turnover 0.4x 0.4x
Cash conversion (OCF / net income) 2.4x -1.6x
Stock comp / revenue 4.0% 2.1%

Financial Health

11 metrics
MetricAMPHBHC
Debt / assets 35.1% 83.7%
Debt / equity 0.8x -11.7x
Net debt / EBITDA 1.8x 8.9x
Debt / FCF 4.0x 14.5x
Liabilities / assets 55.9% 107.1%
Equity / assets 44.1% -7.1%
Interest coverage 4.4x 0.5x
Current ratio 2.4x 1.4x
Quick ratio 1.7x 0.9x
Cash ratio 1.1x 0.4x
Altman Z-score 2.11 0.09

Shareholder Returns

7 metrics
MetricAMPHBHC
Dividend yield – –
Net buyback yield 9.1% –
Shareholder yield 9.1% 0.0%
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.

ConsensusAMPHBHC
Forward P/E 8.1xFY2026 1.3xFY2026
EPS, next fiscal year $3.10FY2026 $4.79FY2026
EPS growth, next FY -4.6%FY2026 +25.1%FY2026
EPS growth, the year after +9.4% -13.4%
Revenue, next fiscal year $790.75MFY2026 $11.31BFY2026
Revenue growth, next FY +9.8%FY2026 +10.6%FY2026
Revenue growth, the year after -5.4% -0.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMPHBHC
Held by institutions 64.8% 63.3%
Institutions holding 209 221
Change in shares held, QoQ -11.7% +1.9%
Institutions buying 96 99
Institutions selling 74 63
Buyers to sellers 1.30 1.57

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.

AMPHBHC
AMPH 1.00 0.18
BHC 0.18 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, AMPH and BHC?

Bausch Health Companies (BHC) is the largest by market capitalisation: Amphastar Pharmaceuticals (AMPH) $1.11B, Bausch Health Companies (BHC) $2.38B.

Which company is growing faster?

Bausch Health Companies (BHC) grew revenue fastest over the trailing twelve months: Amphastar Pharmaceuticals (AMPH) +1.0%, Bausch Health Companies (BHC) +10.1%.

Which company is more profitable?

Amphastar Pharmaceuticals (AMPH) has the highest net margin (Amphastar Pharmaceuticals (AMPH) 10.8%, Bausch Health Companies (BHC) -10.1%). On return on invested capital, Amphastar Pharmaceuticals (AMPH) leads (Amphastar Pharmaceuticals (AMPH) 6.4%, Bausch Health Companies (BHC) 4.6%).

Which stock has performed better?

Over the past year Amphastar Pharmaceuticals (AMPH) returned the most: Amphastar Pharmaceuticals (AMPH) +1.7%, Bausch Health Companies (BHC) +1.1%. Over five years, Amphastar Pharmaceuticals (AMPH) compounded fastest (Amphastar Pharmaceuticals (AMPH) +5.6%/yr, Bausch Health Companies (BHC) -25.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amphastar Pharmaceuticals (AMPH) has been the steadiest (Amphastar Pharmaceuticals (AMPH) 54.2%, Bausch Health Companies (BHC) 54.7%). Volatility measures how widely the price swings, not the risk of the business.

Do AMPH and BHC move together?

Their daily returns over the past year have a correlation of 0.18, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, AMPH and BHC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Amphastar Pharmaceuticals (AMPH) 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.