Amphastar Pharmaceuticals, Inc. AMPH

26.13 (0.14) (0.53%) as of 25 Sep
Market cap
$1.1B
P/E
15.0×

Insider Decisions

Total sells 1.70
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 3 2 — — — — — — — 2 3
Insider Ownership 29.20%

Capital & Financial Ratios

Market Cap 1,120.00
Revenue 730.02
Net Income 78.55
Free Cash Flow 152.89
Net Debt 319.49
Current Ratio 2.40
Debt/Equity 0.80
P/E ratio 15.01
P/S ratio 1.56
P/B ratio 1.48
Past 5Y EPS Growth 25.59%
This Y EPS Growth (8.59%)
Next Y EPS Growth 7.09%
Next 5Y EPS Growth 1.34%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 259 224 285 293
Receivables 115 138 161 147
Inventory 106 154 177 180
Other — — — —
490 534 636 631
2023 2024 2025 Q'26
Payables 93 157 148 251
ST’ Debt 0 0 2 2
Other — — — —
225 174 158 263
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 11.09% 15.53% 12.99%
Cash Flow 30.76% 22.21% 20.52%
Earnings 0.00% 133.84% 2.39%
Book Value 10.32% 11.94% 14.27%

Revenue

Mar Jun Sep Dec Year
’26 171 184 — — —
’25 171 174 192 183 720
’24 172 182 191 187 732
’23 140 146 181 178 644
’22 120 123 120 135 499
’21 103 102 112 121 438
’20 85 86 83 96 350
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 48 51 — — —
’25 35 36 53 33 156
’24 55 69 60 29 213
’23 40 55 64 24 184
’22 51 3 20 15 89
’21 23 32 3 40 98
’20 1 30 9 17 57
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 38 43 — — —
’25 24 23 47 25 119
’24 46 63 46 17 172
’23 31 46 54 14 145
’22 45 (3) 15 9 66
’21 15 26 (5) 34 71
’20 (7) 19 4 8 23
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.14 0.67 — — —
’25 0.51 0.64 0.37 0.51 2.03
’24 0.81 0.73 0.78 0.74 3.06
’23 0.50 0.49 0.91 0.68 2.60
’22 0.47 0.33 0.30 0.66 1.74
’21 0.10 0.16 0.59 0.39 1.25
’20 0.08 0.00 0.08 (0.13) 0.03
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3.1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
10.50 12.05 14.40 16.71 12.33 16.91 22.07 27.58 36.48 20.39

Analyst estimates 2026–2028

Powerpack
Low Price
21.75 19.95 22.74 25.43 22.69 23.85 44.46 67.66 65.92 39.01
High Price
1,541 1,644 2,078 2,027 1,980 1,761 1,615 1,761 2,028 1,976
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
255 240 295 322 350 438 499 644 732 720
Revenue
40.83% 37.68% 36.31% 40.92% 40.97% 45.63% 49.87% 54.49% 51.08% 49.46%
Gross Margin
15 1 (10) 60 5 84 116 171 190 124
EBT
5.73% 0.52% (3.37%) 18.68% 1.33% 19.22% 23.26% 26.59% 25.93% 17.17%
EBT Margin
10 4 (7) 47 1 63 91 138 160 98
Net Income
15 16 17 18 22 23 25 49 59 60
Depreciation
5.62 5.21 6.35 6.86 7.44 9.16 10.28 13.35 15.11 15.40
Revenue/Sh
0.23 0.08 (0.12) 1.04 0.03 1.30 1.88 2.85 3.29 2.10
Earnings/Sh
0.85 0.85 0.82 0.89 1.22 2.05 1.84 3.80 4.41 3.34
Cash Flow/Sh
(0.47) (0.72) (0.91) (0.88) (0.72) (0.57) (0.49) (0.79) (0.85) (0.79)
Capex/Sh
0.38 0.13 (0.09) 0.00 0.50 1.48 1.35 3.01 3.56 2.55
Free CF/Sh
7.26 7.24 7.85 9.10 9.54 9.33 10.89 13.25 15.12 16.88
Book Value/Sh
45 46 46 47 47 48 49 48 48 47
Shares
77.08 249.61 0.00 18.55 502.75 17.92 15.08 21.93 11.29 12.75
PE Ratio
3.29 3.68 3.13 2.81 2.70 2.54 2.74 4.67 2.46 1.74
PS Ratio
2.55 2.65 2.53 2.12 2.11 2.50 2.59 4.70 2.46 1.59
PB Ratio
3.15 3.58 2.99 2.68 2.52 2.40 2.54 5.18 2.97 2.19
EV/Sales
46.74 140.53 (221.59) 15,426.84 37.95 14.93 19.37 22.99 12.64 13.27
EV/FCF
39 39 38 42 57 98 89 184 213 156
Op' Cash Flow
(21) (33) (42) (42) (34) (27) (24) (38) (41) (37)
Capex
17 6 (4) 0 23 71 66 145 172 119
FCF
123 121 114 165 167 214 283 264 360 478
Working Cap'
38 47 50 47 46 77 76 590 602 610
Total Debt
(37) (25) (43) (42) (63) (62) (102) 331 378 325
Net Debt
329 334 364 428 449 446 529 639 732 789
Sh' Equity
2.40% 0.83% (1.19%) 8.89% 0.23% 9.54% 12.93% 12.20% 10.32% 6.12%
ROA
3.28% (0.26%) (1.68%) (0.01%) 1.78% 11.39% 15.76% 12.69% 11.57% 7.88%
ROIC
3.14% 1.10% (1.64%) 12.36% 0.32% 13.89% 18.76% 23.55% 23.26% 12.90%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Amphastar Pharmaceuticals, Inc. peers in Drug Manufacturers Specialty & Generic

All 86 Drug Manufacturers Specialty & Generic stocks →

Amphastar Pharmaceuticals, Inc. (AMPH) key facts

  • Amphastar Pharmaceuticals, Inc. (AMPH) is a Drug Manufacturers Specialty & Generic company in the Healthcare sector, listed on Nasdaq.
  • Amphastar Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $719.9 million, down 1.65% from fiscal 2024.
  • As of September 25, 2026, AMPH traded at $26.13, a market capitalization of $1.1 billion.
  • Return on equity was 12.9% and debt-to-equity 0.80.

Source: company filings (standardised) and stockrow calculations.

Amphastar Pharmaceuticals, Inc. (AMPH) Latest News

News by impact score

Fine-tune

24 Sep

3

Amphastar Pharmaceuticals is the subject of a stock-analysis piece that questions its upside despite a recent rally to about $24.97. It lists three drawbacks: 1) lackluster revenue growth, with annualized growth of 1.2% over the past two years versus a longer-term trend; 2) limited distribution scale, with about $730 million in revenue over the last 12 months, making it harder to gain market traction in a regulated industry; and 3) shrinking adjusted operating margins, down 12.7 percentage points over two years, with a trailing-12-month margin of 26.4%. The outlook notes the stock trades around 7.6x forward earnings and warns of potential downside, suggesting investors consider a different opportunity—in particular, a high-profile software/edge-computing pick. Weak revenue growth, shrinking margins, and small scale justify a cautious outlook.

17 Sep

4

Amphastar Pharmaceuticals reported the strongest Q2 results among generic pharmaceuticals companies. Strongest quarterly results in the group signal major positive shifts in financial performance and investor sentiment.

27 Aug

3

Amphastar Pharmaceuticals is evaluated in a stock screen of cash-producing companies, with one flagged for purchase and two questioned on financial metrics and outlook. Stock-selection commentary can shift near-term sentiment and trading for the named companies but rarely alters fundamentals.

15 Aug

3

Amphastar Pharmaceuticals' Q2 earnings call covered top analyst questions on financial results, operations and outlook. Earnings call questions can moderately shape investor views on Amphastar's near-term performance.

13 Aug

3 transcript

Amphastar Pharmaceuticals held its Q2 2026 earnings call, reporting quarterly financial results, operational metrics, and forward guidance for product development and market strategy. Earnings call details financial performance and outlook that can moderately shift near-term investor sentiment and valuation without guaranteeing structural change.

11 Aug

4

Amphastar Pharmaceuticals expanded its portfolio and advanced its pipeline in Q2, driving results. Portfolio expansion and pipeline progress in pharma typically signal major strategic moves that can significantly alter company trajectory.

6 Aug

3

Amphastar Pharmaceuticals (AMPH) Q2 earnings results are compared to analyst estimates with analysis of key metrics. Q2 earnings versus estimates can moderately affect near-term investor sentiment on financial performance.

3

Amphastar Pharmaceuticals (AMPH) reported Q2 earnings and revenues that exceeded analyst estimates. Beating quarterly earnings estimates can produce moderate positive effects on near-term stock performance and sentiment.

3 transcript

Amphastar Pharmaceuticals Q2 earnings call covered financial results, operational updates and forward guidance for the company. Q2 earnings data and guidance directly inform near-term financial expectations and stock valuation for AMPH.

3

Amphastar Pharmaceuticals exceeded sales expectations in Q2 CY2026. Better-than-expected quarterly sales typically improve short-term market sentiment without fundamentally altering long-term trajectory.

3

Amphastar Pharmaceuticals reported financial results for the three months ended June 30, 2026. Quarterly earnings release supplies performance data that can shift near-term investor sentiment and valuation.

30 Jul

3

Analysts estimate Amphastar Pharmaceuticals (AMPH) will report a year-over-year earnings decline with focus on factors to monitor ahead of the release. Earnings decline estimates may pressure Amphastar Pharmaceuticals stock and near-term investor sentiment.

30 Jun

3

Amphastar Pharmaceuticals shows strong growth but encounters new risks that prompt questions on whether its stock remains a buy. Strong growth paired with new risks may moderately affect financial performance and market sentiment without fundamentally shifting long-term trajectory.

10 Jun

4

Amphastar Pharmaceuticals shifts focus to proprietary drugs and biosimilars to drive growth. Strategic pivot to proprietary drugs and biosimilars positions Amphastar for significant long-term growth in new markets.

4 Jun

3

Amphastar Pharmaceuticals expects generic Atrovent to drive 2026 growth despite BAQSIMI drag. Generic Atrovent and BAQSIMI product dynamics are projected to produce moderate effects on Amphastar 2026 growth and market performance.

17 May

3

Amphastar Pharmaceuticals addressed analyst questions during its Q1 earnings call covering revenue growth from key products, pipeline progress on new generics and injectables, margin expansion efforts, international market expansion, and competitive responses to pricing pressures. Q1 earnings call questions highlight investor focus on product pipeline and margins that can moderately influence near-term financial outlook and stock sentiment.

12 May

4

Amphastar Pharmaceuticals (AMPH) narrative shifts as financial targets fall and new drugs launch, signaling improved market positioning. New drug launches and met targets drive significant positive changes to AMPH's competitive landscape and investor sentiment.

11 May

4

Amphastar Pharmaceuticals (AMPH) missed EPS estimates by 75%, prompting analysts to downwardly revise their forecasts for the company's future performance. A 75% EPS miss and analyst forecast cuts will significantly pressure AMPH's stock price and investor sentiment.

9 May

3

Amphastar Pharmaceuticals (AMPH) shares rose 9.4% despite a profit decline, fueled by new drug launches and licensing deals. Profit fall negatively affects financials but new launches and deals provide moderate positive offset, driving stock up 9.4%.

8 May

4

Amphastar Pharmaceuticals, Inc. Q1 2026 earnings call summary highlights financial results, operational updates, and forward guidance for the pharmaceutical company. Q1 earnings call summary provides critical financial metrics, revenue growth, and strategic outlook that significantly influence AMPH stock performance and investor confidence.

7 May

4 transcript

Amphastar Pharmaceuticals (AMPH) released Q1 2026 earnings call transcript detailing financial results, management discussion, and forward guidance. Q1 2026 earnings transcript discloses financial performance, operational updates, and guidance directly impacting AMPH's market trajectory and investor sentiment.

4

Amphastar Pharmaceuticals (AMPH) released Q1 earnings call highlights detailing financial performance, product updates, and forward guidance. Q1 earnings call highlights cover financial results and strategic outlook, significantly influencing AMPH's trajectory and investor sentiment.

4

Amphastar Pharmaceuticals, Inc. (AMPH) reported financial results for the three months ended March 31, 2026. Quarterly financial results reporting directly impacts stock performance, investor sentiment, and future market trajectory.

3

Amphastar Pharmaceuticals (AMPH) Q1 earnings key metrics compared to analyst estimates. Q1 earnings metrics versus estimates moderately affect financial performance and investor sentiment.

3

Amphastar Pharmaceuticals (AMPH) Q1 earnings lagged analyst estimates. Q1 earnings miss impacts financial performance and investor sentiment moderately but remains limited by quarterly nature.

3

Amphastar Pharmaceuticals missed Q1 CY2026 sales expectations, causing its stock to drop. Q1 CY2026 sales miss and stock drop will moderately affect financial performance and investor sentiment.

1 May

3

Jefferies downgraded Amphastar Pharmaceuticals (AMPH), citing lack of meaningful upside catalysts. Jefferies downgrade signals limited growth prospects, likely pressuring AMPH stock price and investor sentiment in the near term.

29 Apr

3

Amphastar Pharmaceuticals (AMPH) is expected to beat earnings estimates, prompting analysis on whether investors should buy the stock. Pre-earnings expectation of a beat moderately influences financial performance outlook and investor sentiment.

21 Apr

4

Amphastar Pharmaceuticals (AMPH) Q4 earnings spark debate on whether to buy, sell, or hold the stock, analyzing financial results, growth prospects, and market position. Q4 earnings directly shape financial outlook, stock valuation, and investor decisions.

14 Apr

3

Amphastar Pharmaceuticals highlighted Baqsimi milestones and Primatene growth at the Needham Conference. Product milestones and growth highlights demonstrate operational progress likely to moderately influence financial performance and investor sentiment.

stockrow.com/AMPH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com