ANIP vs ELTP vs AMPH Stock Comparison

Ani Pharmaceuticals, Elite Pharmaceuticals and Amphastar Pharmaceuticals Prices as of Oct 26, 2026 Peers: Industry group
ANIP Ani Pharmaceuticals Inc
$72.60 -1.9% 1M -23.0% 1Y
Market cap
$1.51B
P/E
14.0x
Revenue (TTM)
$978.38M
Div. yield
–
Generic Drugs Healthcare
3 wins

Head to Head

11 decided of 12

Elite Pharmaceuticals leads on 7 of the 12 questions below (Elite Pharmaceuticals 7, Ani Pharmaceuticals 3, Amphastar Pharmaceuticals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionANIPELTPAMPHLeader
Larger companyMarket capitalisation $1.51B $258.54M $1.11B ANIP
Cheaper on earningsLower P/E, profitable companies only 14.0x 4.6x 14.1x ELTP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 7.4x — 8.2x ANIP
Faster revenue growthRevenue growth, trailing twelve months +30.9% +33.7% +1.0% ELTP
More profitableNet margin, trailing twelve months 11.0% 40.2% 10.8% ELTP
Better return on capitalReturn on invested capital 12.9% 29.2% 6.4% ELTP
Less leveragedLower net debt / EBITDA -0.2x -1.0x 1.8x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -23.0% -61.9% +3.9% AMPH
Better 5-year returnAnnualised price return, 5 years +14.4%/yr +43.1%/yr +6.8%/yr ELTP
Less volatileAnnualised volatility, 1 year 32.0% 57.5% 54.3% ANIP
Higher overall scoreMean of the five percentile scores vs peers 84/100 88/100 73/100 ELTP

Percentile Scorecard

ANIPELTPAMPH

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

AxisANIPELTPAMPH
Valuation 96 #24 of 626 98 #16 of 626 99 #8 of 626
Growth 97 #18 of 604 91 #53 of 604 43 #347 of 604
Profitability 90 #56 of 555 91 #51 of 555 87 #72 of 555
Financial Health 46 #359 of 658 76 #157 of 658 37 #412 of 658
Shareholder Returns 92 #31 of 368 86 #53 of 368 99 #4 of 368
Overall 84 88 73
  • ANIP ranked among 673 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 673 companies in Pharmaceuticals and Biotechnology
  • AMPH ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodANIPELTPAMPHSPY
1 month -1.9%-7.7%-2.5% -0.8%
3 months -7.4%-36.8%+32.8% +3.5%
6 months -8.8%-31.4%+17.6% +7.0%
Year to date -8.0%-51.0%-4.9% +12.2%
1 year -23.0%-61.9%+3.9% +13.0%
3 years +23.3%+100.0%-42.9% +86.3%
3 years, per year +7.2%+26.0%-17.1% +23.1%
5 years +95.9%+500.0%+38.7% +68.6%
5 years, per year +14.4%+43.1%+6.8% +11.0%
10 years +9.3%+50.0%+40.1% +258.0%
10 years, per year +0.9%+4.1%+3.4% +13.6%

Risk

MeasureANIPELTPAMPHSPY
Volatility, 1Y 32.0%57.5%54.3% 12.7%
Downside volatility, 1Y 31.7%71.6%66.4% 12.7%
Beta vs S&P 500, 1Y 0.260.690.58 1.00
Return / volatility, 1Y -0.72-1.080.07 1.02
Max drawdown, 5Y -59.4%-71.4%-74.0% -25.4%
From 52-week high -23.2%-64.7%-13.4% -1.8%
52-week high $94.48$0.68$29.40 $779.14
52-week low $70.16$0.22$16.87 $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.

MultipleANIPELTPAMPH
P/E now vs peer median 14.2xmedian 17.1x 4.6xmedian 17.1x 14.2xmedian 17.1x
P/S now vs peer median 1.8xmedian 8.8x 1.8xmedian 8.8x 1.5xmedian 8.8x
EV/EBITDA now vs peer median 7.0xmedian 17.1x 6.1xmedian 17.1x 8.0xmedian 17.1x
P/FCF now vs peer median 10.0xmedian 18.0x 14.8xmedian 18.0x 7.1xmedian 18.0x
P/B now vs peer median 2.9xmedian 2.1x 2.5xmedian 2.1x 1.4xmedian 2.1x
PEG now vs peer median 0.10median 0.31 0.04median 0.31 -5.53median 0.31

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 monthsANIPELTPAMPH
Revenue $978.38M $141.01M $730.02M
Gross profit $590.98M $61.31M $348.11M
Operating income $150.36M $34.94M $114.29M
Net income $108.31M $56.67M $78.55M
Free cash flow $172.99M $17.53M $152.89M
R&D $49.91M $6.10M $94.57M
EPS (diluted) $4.93 $0.05 $1.78
Cash & equivalents $360.21M $39.42M $223.61M
Total debt $301.48M $9.58M $612.05M
Shares (diluted) 21.92M 1.13B 44.23M
Enterprise value $294.27M $140.21M -$30.79M

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
MetricANIPELTPAMPH
P/E 14.2x 4.6x 14.2x
P/FCF 10.0x 14.8x 7.1x
P/Operating cash flow 9.1x 13.6x 5.9x
P/S 1.8x 1.8x 1.5x
P/B 2.9x 2.5x 1.4x
P/Tangible book 11.8x 2.6x 1.5x
EV/EBITDA 7.0x 6.1x 8.0x
EV/EBIT 11.1x 6.3x 12.3x
EV/Revenue 1.7x 1.6x 1.9x
EV/FCF 9.7x 12.6x 9.2x
EV/Operating cash flow 8.8x 11.6x 7.6x
PEG (3Y EPS CAGR) 0.10 0.04 -5.53

Growth

14 metrics
MetricANIPELTPAMPH
Revenue growth (1Y) 30.9% 33.7% 1.0%
Revenue CAGR (3Y) 34.6% 58.4% 10.5%
Gross profit growth (1Y) 29.5% 4.2% -3.4%
Gross profit CAGR (3Y) 32.8% 53.5% 8.0%
Operating income growth (1Y) 889.9% -6.7% -37.1%
Operating income CAGR (3Y) 98.9% 101.7% -4.5%
Net income growth (1Y) 1,161% 624.0% -41.7%
Net income CAGR (3Y) 184.4% 134.4% -8.3%
EPS growth (1Y) 945.2% 596.0% -36.5%
EPS CAGR (3Y) 146.4% 118.3% -2.6%
Operating cash flow growth (1Y) 36.2% -0.2% 15.6%
Operating cash flow CAGR (3Y) 66.2% 152.2% 12.1%
Free cash flow growth (1Y) 37.9% -2.8% 36.3%
Free cash flow CAGR (3Y) 77.7% 81.0% 15.0%

Profitability

14 metrics
MetricANIPELTPAMPH
Gross margin 60.4% 43.5% 47.7%
EBITDA margin 24.3% 25.9% 23.9%
Operating margin 15.4% 24.8% 15.7%
Pretax margin 14.6% 46.2% 14.0%
Net margin 11.0% 40.2% 10.8%
FCF margin 17.7% 12.4% 20.9%
Operating cash flow margin 19.4% 13.5% 25.3%
Return on equity 18.7% 55.6% 10.2%
Return on assets 7.4% 40.8% 4.6%
Return on invested capital 12.9% 29.2% 6.4%
Return on capital employed 12.8% 32.2% 8.0%
Asset turnover 0.7x 1.0x 0.4x
Cash conversion (OCF / net income) 1.7x 0.3x 2.4x
Stock comp / revenue 4.2% 0.1% 4.0%

Financial Health

11 metrics
MetricANIPELTPAMPH
Debt / assets 20.2% 1.7% 35.1%
Debt / equity 0.5x 0.0x 0.8x
Net debt / EBITDA -0.2x -1.0x 1.8x
Debt / FCF 1.7x 0.1x 4.0x
Liabilities / assets 60.0% 24.9% 55.9%
Equity / assets 40.0% 75.1% 44.1%
Interest coverage – 69.4x 4.4x
Current ratio 2.9x 3.8x 2.4x
Quick ratio 2.2x 3.0x 1.7x
Cash ratio 1.3x 1.3x 1.1x
Altman Z-score 2.61 6.31 2.12

Shareholder Returns

7 metrics
MetricANIPELTPAMPH
Dividend yield – – –
Net buyback yield 0.6% -0.1% 9.0%
Shareholder yield 0.6% -0.1% 9.0%
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.

ConsensusANIPELTPAMPH
Forward P/E 7.4xFY2026 – 8.2xFY2026
EPS, next fiscal year $9.81FY2026 – $3.10FY2026
EPS growth, next FY +24.3%FY2026 – -4.6%FY2026
EPS growth, the year after -1.9% – +9.4%
Revenue, next fiscal year $1.15BFY2026 – $790.75MFY2026
Revenue growth, next FY +29.9%FY2026 – +9.8%FY2026
Revenue growth, the year after +9.7% – -5.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersANIPELTPAMPH
Held by institutions 96.0% 0.0% 64.8%
Institutions holding 306 1 209
Change in shares held, QoQ -1.8% – -11.7%
Institutions buying 172 1 96
Institutions selling 88 0 74
Buyers to sellers 1.95 – 1.30

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.

ANIPELTPAMPH
ANIP 1.00 -0.08 0.33
ELTP -0.08 1.00 -0.04
AMPH 0.33 -0.04 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, ANIP, ELTP and AMPH?

Ani Pharmaceuticals (ANIP) is the largest by market capitalisation: Ani Pharmaceuticals (ANIP) $1.51B, Elite Pharmaceuticals (ELTP) $258.54M, Amphastar Pharmaceuticals (AMPH) $1.11B.

Which stock is cheaper, ANIP, ELTP and AMPH?

Elite Pharmaceuticals (ELTP) trades on the lowest price-to-earnings ratio (Ani Pharmaceuticals (ANIP) 14.0x, Elite Pharmaceuticals (ELTP) 4.6x, Amphastar Pharmaceuticals (AMPH) 14.1x). On next year's consensus earnings, Ani Pharmaceuticals (ANIP) is cheapest (Ani Pharmaceuticals (ANIP) 7.4x, Amphastar Pharmaceuticals (AMPH) 8.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Ani Pharmaceuticals (ANIP) +30.9%, Elite Pharmaceuticals (ELTP) +33.7%, Amphastar Pharmaceuticals (AMPH) +1.0%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Ani Pharmaceuticals (ANIP) 11.0%, Elite Pharmaceuticals (ELTP) 40.2%, Amphastar Pharmaceuticals (AMPH) 10.8%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Ani Pharmaceuticals (ANIP) 12.9%, Elite Pharmaceuticals (ELTP) 29.2%, Amphastar Pharmaceuticals (AMPH) 6.4%).

Which stock has performed better?

Over the past year Amphastar Pharmaceuticals (AMPH) returned the most: Ani Pharmaceuticals (ANIP) -23.0%, Elite Pharmaceuticals (ELTP) -61.9%, Amphastar Pharmaceuticals (AMPH) +3.9%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Ani Pharmaceuticals (ANIP) +14.4%/yr, Elite Pharmaceuticals (ELTP) +43.1%/yr, Amphastar Pharmaceuticals (AMPH) +6.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Ani Pharmaceuticals (ANIP) has been the steadiest (Ani Pharmaceuticals (ANIP) 32.0%, Elite Pharmaceuticals (ELTP) 57.5%, Amphastar Pharmaceuticals (AMPH) 54.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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