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ANI Pharmaceuticals vs Axsome Therapeutics

ANI Pharmaceuticals is the larger business, with $883m of revenue in fiscal 2025 against $638m for Axsome Therapeutics (1.4 times as much). Axsome Therapeutics grew faster (65.5% against 43.8%). ANI Pharmaceuticals kept more of each dollar of sales as profit: a net margin of 8.9% against -28.7%.

Latest fiscal yearANI PharmaceuticalsANIP, 2025Axsome TherapeuticsAXSM, 2025
Revenue $883m $638m
Revenue growth 43.8% 65.5%
Net income $78.3m −$183m
Operating margin — -26.1%
Net margin 8.9% -28.7%
Return on equity 16.6% —
Free cash flow $171m −$93.9m
Cash $286m $323m
Total debt $309m $188m
Debt to equity — 212.6%
Dividend per share — —
Dividend yield 0.0% —
Share buybacks $12.2m —
Employees 970 —
Market value $1.61bn $7.38bn
Price vs our value range Below our value range —
Moat score 45 (Weak) —
Insider trades, 12 months 0 buys, 50 sales 0 buys, 33 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.