Anika Therapeutics Inc.

ANIK Healthcare Drug Manufacturers Specialty & Generic

Anika Therapeutics Inc.’s revenue for fiscal 2025 (year ended December 2025) was $112.8 million, down 5.91% from fiscal 2024. In the quarter to June 2026, revenue grew 15.6%, EPS grew 189.3% and free cash flow grew 61.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

19.98 0.71 −3.43%
Market cap
$276.9M
P/E
0.0×
Fwd P/E
−20.0×
Dividend yield
—
F-score
6/9
Altman Z
3.13
Beneish M
−2.84
Dividend safety
n/a
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
0.00 0.00 0.00 0.00 123.55 0.00 26.87 25.85 25.19 22.57
Piotroski F-Score
6 5 4 5 8 3 8 6 5 6
Altman Z-Score
3.13 4.52 5.12 5.76 6.96 5.55 12.90 21.49 27.39 27.60
P/S ratio
1.22 2.02 2.75 3.77 3.49 4.93 6.39 4.60 7.06 7.12
P/FCF ratio
27.77 0.00 0.00 0.00 158.57 56.28 21.42 16.04 25.14 70.51
Altman Z″-Score (non-manufacturers)
6.68 7.22 8.59 9.42 9.77 7.04 14.59 25.58 22.34 21.50
Beneish M-Score
(2.84) (2.62) (3.11) (2.24) (2.23) (2.51) (2.32) (2.90) (2.85) (1.95)
P/Operating CF
29.72 153.17 91.29 892.43 115.38 248.82 56.23 48.48 114.64 121.21
P/B ratio
0.96 1.57 1.56 1.50 1.80 2.36 2.54 1.84 3.04 3.30
Price to Tangible BV
1.03 1.68 1.64 2.11 2.62 3.72 2.68 1.97 3.27 3.58
EV/Sales
0.93 1.77 2.39 3.23 3.02 4.37 4.96 3.09 5.67 5.91
EV/EBITDA
0.00 38.61 3.73 20.26 18.61 14.72 14.13 11.96 12.86 11.24
EV/Operating CF
9.41 39.18 (161.28) 83.45 53.19 43.66 15.37 9.35 15.76 24.99
EV/FCF
21.22 (90.81) (39.97) (119.57) 137.25 49.87 16.64 10.79 20.20 58.56
Quick Ratio
3.71 3.40 3.06 4.33 4.17 3.32 12.78 15.93 13.85 17.32
Current Ratio
4.72 4.88 5.26 6.07 5.66 4.81 14.39 17.98 15.78 19.37
Net Debt/EBITDA
10.80 (10.15) (0.89) (4.75) (3.93) (2.54) (4.60) (5.83) (3.14) (2.30)
Debt/Assets
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt/Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Asset Turnover
0.57 0.51 0.39 0.33 0.41 0.37 0.38 0.38 0.43 0.43
Operating CF/Net income
(1.03) (0.10) 0.02 (0.30) 2.03 (0.54) 1.36 1.87 1.28 0.75
Capex/Depreciation
(1.09) (0.73) (0.07) (0.52) (0.24) (0.02) (0.47) (0.84) (2.09) (3.75)
ROE
(7.32%) (30.79%) (33.21%) (5.19%) 1.48% (8.55%) 9.85% 7.10% 13.09% 15.01%
ROA
(5.54%) (23.82%) (26.68%) (4.27%) 1.16% (6.89%) 8.92% 6.67% 12.17% 13.68%
ROIC
(8.03%) (3.24%) 0.37% 1.15% 0.85% (10.17%) 20.69% 13.00% 26.90% 32.27%
Return on Tangible Assets
(8.93%) (43.59%) (48.72%) (7.82%) 2.22% (12.55%) 10.12% 7.62% 12.76% 15.21%
Average Days of Receivables
76.64 71.82 79.65 111.04 73.70 67.43 73.50 71.84 76.67 97.44
Research and Development Expense of Revenue
22.84% 21.30% 18.02% 16.10% 18.49% 17.96% 14.54% 17.23% 16.56% 10.38%
Selling, General and Administrative Expense of Revenue
43.51% 46.33% 49.61% 45.01% 50.13% 46.04% 30.49% 32.53% 18.99% 17.42%
Intangible Assets out of Total Assets
0.05 0.05 0.04 0.23 0.26 0.27 0.05 0.06 0.07 0.07
Share Based Compensation of Revenue
8.94% 10.95% 12.62% 12.58% 7.50% 4.13% 5.31% 10.46% 5.12% 3.28%
Graham Net Nets
0.41 0.27 0.32 0.25 0.21 0.13 0.26 0.39 0.23 0.21
Graham Number
0.00 0.00 0.00 0.00 11.41 0.00 29.78 23.11 29.78 27.53
Earnings Yield
(7.91%) (23.39%) (24.93%) (3.49%) 0.81% (3.72%) 3.72% 3.87% 3.97% 4.43%
Free Cash Flow Yield
3.60% (0.96%) (2.17%) (0.72%) 0.63% 1.78% 4.67% 6.23% 3.98% 1.42%
Revenue per Share
7.87 8.15 8.24 7.82 10.26 9.17 8.12 7.31 7.78 7.04
Operating CF per Share
0.78 0.37 (0.12) 0.30 0.58 0.92 2.62 2.42 2.80 1.67
Capex per Share
(0.43) (0.53) (0.37) (0.51) (0.36) (0.11) (0.20) (0.32) (0.62) (0.95)
Free Cash Flow per Share
0.35 (0.16) (0.49) (0.21) 0.23 0.80 2.42 2.10 2.18 0.71
Cash per Share
4.01 3.78 4.69 5.93 6.55 6.91 13.10 11.01 10.79 8.50
Shareholders Equity per Share
10.01 10.46 14.48 19.61 19.94 19.15 20.42 18.25 18.08 15.17
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
10.01 10.46 14.48 19.61 19.94 19.15 20.42 18.25 18.08 15.17
Free Cash Flow
4.96 (2.33) (7.21) (3.08) 3.25 11.44 34.18 30.26 31.83 10.43
Working Capital
81.45 90.35 132.25 141.63 138.73 140.52 218.03 191.65 193.25 161.64
Capital Expenditures
(6.23) (7.73) (5.43) (7.49) (5.14) (1.63) (2.83) (4.66) (8.98) (14.01)
Net Current Asset Value
56.55 64.90 104.94 105.98 108.08 84.18 191.97 187.56 187.20 152.97
EV/EBIT
0.00 0.00 341.66 100.25 170.78 0.00 16.60 15.01 14.06 12.07
Capex to Sales
0.06 0.06 0.04 0.07 0.03 0.01 0.02 0.04 0.08 0.14
Price to Operating Income
0.00 0.00 393.49 116.96 197.32 0.00 21.38 22.32 17.50 14.54
Other line items
Depreciation/Fixed assets
0.14 0.27 2.04 0.30 0.45 1.33 0.12 0.10 0.08 0.07
Cash ROIC
2.47% (1.11%) (2.57%) (0.83%) 0.85% 3.09% 7.22% 7.16% 7.57% 3.00%
Accounts Receivable Turnover
4.77 4.80 3.96 3.53 5.48 5.53 5.23 4.73 4.41 4.20
Accounts Payable Turnover
8.41 7.44 5.01 4.86 7.81 9.59 8.24 6.33 6.05 4.53
Inventory Turnover
2.30 1.82 1.19 1.07 1.58 1.80 1.33 1.44 1.44 1.55
Average Days of Payables
44.99 46.69 59.09 81.56 42.96 53.38 48.65 36.68 90.00 34.99
Days of Inventory on Hand
139.91 197.92 233.04 357.43 202.67 274.56 279.27 248.55 293.92 242.80
Average Receivables
23.64 24.98 30.49 32.24 26.97 23.59 21.93 22.30 25.71 24.63
Average Payables
5.83 5.91 7.63 8.35 8.31 6.41 3.49 4.95 4.53 5.30
Average Inventory
21.30 24.12 32.10 37.89 41.11 34.10 21.65 21.67 19.01 15.46
Average Assets
196.51 236.69 309.88 348.33 356.57 348.16 304.85 280.81 261.43 238.00
Average Common Equity
148.73 183.13 248.91 286.32 279.74 280.39 276.00 263.55 243.13 216.81

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