ANI Pharmaceuticals, Inc. (ANIP) vs Harrow, Inc. (HROW)

ANI Pharmaceuticals, Inc. and Harrow, Inc. are both Drug Manufacturers Specialty & Generic companies. ANI Pharmaceuticals, Inc. is the larger, with a market value of $1.7B against $1.2B — 1.4× the size. Harrow, Inc. has negative trailing earnings, so its P/E is not meaningful; ANI Pharmaceuticals, Inc. trades at 15.3×. ANI Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 30.9% against 21.1%. ANI Pharmaceuticals, Inc. has the higher net margin (11.0% vs −13.5%) and the higher return on invested capital (11.3% vs −0.77%). Across the 19 metrics below, ANI Pharmaceuticals, Inc. leads on 17 and Harrow, Inc. on 2.

Valuation

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
P/E 15.32 n/m 20.14
P/S 1.60 4.48 2.25
P/B 2.62 83.21 1.90
Price to free cash flow 9.35 n/m 16.54
EV/EBITDA 7.62 67.46 12.29
EV/Sales 1.84 5.24 2.56
Earnings yield 6.53% (2.99%) (2.99%)
Free cash flow yield 10.70% (1.06%) 0.00%

Profitability

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
Gross margin 60.40% 73.28% 53.94%
Operating margin 15.37% (1.00%) 0.00%
Net margin 11.04% (13.51%) 0.00%
Free cash flow margin 17.12% (4.75%) 0.00%
Return on equity 20.88% (116.07%) (0.40%)
Return on assets 7.61% (9.77%) (3.32%)
Return on invested capital 11.30% (0.77%) 0.00%

Growth

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 30.90% 21.05% 10.01%
EPS growth (last fiscal year) 419.23% 71.43% —
Revenue growth, 5-year CAGR 33.48% 40.99% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
Debt to equity 1.02 19.70 0.05
Current ratio 2.91 2.24 2.31
Net debt to EBITDA 1.59 3.14 0.85

Dividend

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric ANIP HROW Drug Manufacturers Specialty & Generic median
Market cap 1.70b 1.24b 337.35m

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