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Amneal Pharmaceuticals Inc Financials

AMRX
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Amneal Pharmaceuticals Inc (AMRX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 46 / 100
Financial Profile 46/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
51

Amneal Pharmaceuticals Inc has an operating margin of 13.1%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 51/100, indicating healthy but not exceptional operating efficiency. This is up from 8.9% the prior year.

Growth
47

Amneal Pharmaceuticals Inc's revenue grew 8.0% year-over-year to $3.0B, a solid pace of expansion. This earns a growth score of 47/100.

Liquidity
40

Amneal Pharmaceuticals Inc's current ratio of 2.17 indicates adequate short-term liquidity, earning a score of 40/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
47

Amneal Pharmaceuticals Inc has a free cash flow margin of 8.9%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Grey Zone
1.92

Amneal Pharmaceuticals Inc scores 1.92, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Amneal Pharmaceuticals Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
4.72x

For every $1 of reported earnings, Amneal Pharmaceuticals Inc generates $4.72 in operating cash flow ($340.0M OCF vs $72.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.0B
YoY+8.0%
5Y CAGR+8.7%

Amneal Pharmaceuticals Inc generated $3.0B in revenue in fiscal year 2025. This represents an increase of 8.0% from the prior year.

EBITDA
$622.3M
YoY+27.0%
5Y CAGR+13.5%

Amneal Pharmaceuticals Inc's EBITDA was $622.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 27.0% from the prior year.

Net Income
$72.1M
YoY+161.6%
5Y CAGR+1.2%

Amneal Pharmaceuticals Inc reported $72.1M in net income in fiscal year 2025. This represents an increase of 161.6% from the prior year.

EPS (Diluted)
$0.22
YoY+157.9%
5Y CAGR-18.5%

Amneal Pharmaceuticals Inc earned $0.22 per diluted share (EPS) in fiscal year 2025. This represents an increase of 157.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$269.9M
YoY+11.0%
5Y CAGR-3.5%

Amneal Pharmaceuticals Inc generated $269.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.0% from the prior year.

Cash & Debt
$282.0M
YoY+155.1%
5Y CAGR-3.7%

Amneal Pharmaceuticals Inc held $282.0M in cash against $2.6B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
315M
YoY+1.5%

Amneal Pharmaceuticals Inc had 315M shares outstanding in fiscal year 2025. This represents an increase of 1.5% from the prior year.

Margins & Returns

Gross Margin
36.9%
YoY+0.4pp
5Y CAGR+5.3pp

Amneal Pharmaceuticals Inc's gross margin was 36.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin
13.1%
YoY+4.1pp
5Y CAGR+8.5pp

Amneal Pharmaceuticals Inc's operating margin was 13.1% in fiscal year 2025, reflecting core business profitability. This is up 4.1 percentage points from the prior year.

Net Margin
2.4%
YoY+6.6pp
5Y CAGR-1.0pp

Amneal Pharmaceuticals Inc's net profit margin was 2.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.6 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$186.2M
YoY-2.4%
5Y CAGR+0.7%

Amneal Pharmaceuticals Inc invested $186.2M in research and development in fiscal year 2025. This represents a decrease of 2.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$70.1M
YoY+34.9%
5Y CAGR+4.4%

Amneal Pharmaceuticals Inc invested $70.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 34.9% from the prior year.

AMRX Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $814.3M+3.8% $784.5M+8.3% $724.5M+4.2% $695.4M-4.8% $730.5M+4.0% $702.5M+0.1% $701.8M+6.5% $659.2M
Cost of Revenue $517.1M+1.3% $510.5M+16.5% $438.3M-0.3% $439.5M-6.0% $467.6M+8.0% $432.9M-4.2% $451.8M+7.3% $421.1M
Gross Profit $297.2M+8.5% $274.0M-4.3% $286.3M+11.9% $255.9M-2.7% $262.9M-2.5% $269.6M+7.8% $249.9M+5.0% $238.1M
R&D Expenses $34.8M-45.0% $63.4M+32.1% $48.0M+19.8% $40.0M-26.2% $54.3M-11.2% $61.1M+69.5% $36.1M-8.3% $39.3M
SG&A Expenses $146.5M+6.3% $137.8M+10.9% $124.3M+5.1% $118.3M-8.1% $128.7M+8.4% $118.7M+1.9% $116.5M+3.4% $112.6M
Operating Income $112.0M+59.3% $70.3M-36.8% $111.4M+11.0% $100.3M+32.4% $75.8M-14.7% $88.8M-7.0% $95.5M+988.4% -$10.7M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $5.7M+124.2% -$23.4M-245.1% $16.1M+25.1% $12.9M+137.3% $5.4M+47.9% $3.7M+1.3% $3.6M-41.2% $6.2M
Net Income $35.1M+1380.6% $2.4M-89.4% $22.4M+83.8% $12.2M+139.2% -$31.1M-19823.7% -$156K-102.6% $6.0M+106.5% -$91.6M
EPS (Diluted) N/A $0.01-85.7% $0.07+75.0% $0.04 N/A $0.00-100.0% $0.02+106.7% $-0.30

AMRX Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $3.7B+2.2% $3.6B+5.2% $3.4B+1.7% $3.4B-3.9% $3.5B+1.2% $3.5B-1.4% $3.5B+1.5% $3.5B
Current Assets $1.9B+4.0% $1.8B+16.0% $1.6B+4.9% $1.5B-4.9% $1.6B+4.9% $1.5B+1.9% $1.5B+7.6% $1.4B
Cash & Equivalents $282.0M+40.1% $201.2M+181.3% $71.5M+20.9% $59.2M-46.5% $110.6M+49.4% $74.0M+69.1% $43.8M-5.9% $46.5M
Inventory $606.3M-1.3% $614.5M+0.9% $609.0M+1.3% $601.4M-1.8% $612.5M+2.7% $596.4M+3.6% $575.6M+0.9% $570.7M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $595.5M-0.1% $595.9M-0.2% $597.4M0.0% $597.5M0.0% $597.4M-0.1% $598.3M0.0% $598.5M0.0% $598.5M
Total Liabilities $3.7B+1.1% $3.7B+4.9% $3.5B+1.1% $3.5B-3.2% $3.6B+1.6% $3.6B-0.4% $3.6B+1.3% $3.5B
Current Liabilities $881.6M+2.3% $862.1M-22.1% $1.1B+2.9% $1.1B-4.8% $1.1B+3.2% $1.1B-1.7% $1.1B+33.6% $834.4M
Long-Term Debt $2.6B-0.1% $2.6B+19.6% $2.1B-0.4% $2.2B-0.4% $2.2B-0.4% $2.2B-0.4% $2.2B-8.4% $2.4B
Total Equity -$70.8M+35.3% -$109.5M+2.4% -$112.1M+14.8% -$131.7M-20.5% -$109.3M-16.9% -$93.4M-62.6% -$57.5M+9.8% -$63.7M
Retained Earnings -$535.0M+6.2% -$570.1M+0.4% -$572.5M+3.8% -$594.9M+2.0% -$607.1M-5.4% -$576.0M0.0% -$575.8M+1.0% -$581.8M

AMRX Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $130.3M+10.0% $118.5M+41.3% $83.8M+1031.5% $7.4M-93.7% $118.1M-16.7% $141.8M+257.5% $39.7M+999.3% -$4.4M
Capital Expenditures $21.8M+77.0% $12.3M-46.1% $22.8M+73.5% $13.2M-13.2% $15.2M-10.6% $16.9M+59.5% $10.6M+15.5% $9.2M
Free Cash Flow $108.5M+2.3% $106.2M+74.1% $61.0M+1159.9% -$5.8M-105.6% $102.9M-17.5% $124.8M+330.0% $29.0M+313.3% -$13.6M
Investing Cash Flow -$45.5M-102.3% -$22.5M+15.4% -$26.5M-49.2% -$17.8M-10.8% -$16.1M+22.5% -$20.7M-220.4% -$6.5M+67.3% -$19.8M
Financing Cash Flow -$10.1M-117.0% $59.4M+242.6% -$41.7M-6.4% -$39.2M+36.0% -$61.2M+33.7% -$92.3M-163.2% -$35.1M-51.5% -$23.2M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

AMRX Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 36.5%+1.6pp 34.9%-4.6pp 39.5%+2.7pp 36.8%+0.8pp 36.0%-2.4pp 38.4%+2.7pp 35.6%-0.5pp 36.1%
Operating Margin 13.8%+4.8pp 9.0%-6.4pp 15.4%+0.9pp 14.4%+4.1pp 10.4%-2.3pp 12.6%-1.0pp 13.6%+15.2pp -1.6%
Net Margin 4.3%+4.0pp 0.3%-2.8pp 3.1%+1.3pp 1.8%+6.0pp -4.3%-4.2pp -0.0%-0.9pp 0.9%+14.8pp -13.9%
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets 0.9%+0.9pp 0.1%-0.6pp 0.7%+0.3pp 0.4%+1.3pp -0.9%-0.9pp 0.0%-0.2pp 0.2%+2.8pp -2.6%
Current Ratio 2.17+0.0 2.13+0.7 1.43+0.0 1.400.0 1.41+0.0 1.38+0.0 1.33-0.3 1.65
Debt-to-Equity -36.23-12.8 -23.45-4.3 -19.14-2.8 -16.36+3.4 -19.78+3.4 -23.22+14.7 -37.89-0.6 -37.31
FCF Margin 13.3%-0.2pp 13.5%+5.1pp 8.4%+9.3pp -0.8%-14.9pp 14.1%-3.7pp 17.8%+13.6pp 4.1%+6.2pp -2.1%

Note: Shareholder equity is negative (-$70.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

Amneal Pharmaceuticals Inc (AMRX) reported $3.0B in total revenue for fiscal year 2025. This represents a 8.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Amneal Pharmaceuticals Inc (AMRX) revenue grew by 8% year-over-year, from $2.8B to $3.0B in fiscal year 2025.

Yes, Amneal Pharmaceuticals Inc (AMRX) reported a net income of $72.1M in fiscal year 2025, with a net profit margin of 2.4%.

Amneal Pharmaceuticals Inc (AMRX) reported diluted earnings per share of $0.22 for fiscal year 2025. This represents a 157.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Amneal Pharmaceuticals Inc (AMRX) had EBITDA of $622.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Amneal Pharmaceuticals Inc (AMRX) had $282.0M in cash and equivalents against $2.6B in long-term debt.

Amneal Pharmaceuticals Inc (AMRX) had a gross margin of 36.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Amneal Pharmaceuticals Inc (AMRX) had an operating margin of 13.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Amneal Pharmaceuticals Inc (AMRX) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Amneal Pharmaceuticals Inc (AMRX) generated $269.9M in free cash flow during fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Amneal Pharmaceuticals Inc (AMRX) generated $340.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Amneal Pharmaceuticals Inc (AMRX) had $3.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Amneal Pharmaceuticals Inc (AMRX) invested $70.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Amneal Pharmaceuticals Inc (AMRX) invested $186.2M in research and development during fiscal year 2025.

Amneal Pharmaceuticals Inc (AMRX) had 315M shares outstanding as of fiscal year 2025.

Amneal Pharmaceuticals Inc (AMRX) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.

Amneal Pharmaceuticals Inc (AMRX) had a debt-to-equity ratio of -36.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Amneal Pharmaceuticals Inc (AMRX) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Amneal Pharmaceuticals Inc (AMRX) has negative shareholder equity of -$70.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Amneal Pharmaceuticals Inc (AMRX) has an Altman Z-Score of 1.92, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Amneal Pharmaceuticals Inc (AMRX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Amneal Pharmaceuticals Inc (AMRX) has an earnings quality ratio of 4.72x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Amneal Pharmaceuticals Inc (AMRX) scores 46 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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