Amphastar P (AMPH) financial statements
Amphastar P reported revenue of $720M in fiscal 2025, up 12.2% a year over 9 years.
Net income was $98M and the operating margin 19.5%, against 6.0% in 2016.
Free cash flow was $121M, and the company returned $76M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Amphastar P's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255M | $240M | $295M | $322M | $350M | $438M | $499M | $644M | $732M | $720M |
| Cost of revenue | $151M | $150M | $188M | $190M | $207M | $238M | $250M | $293M | $358M | $364M |
| Gross profit | $104M | $91M | $107M | $132M | $143M | $200M | $249M | $351M | $374M | $356M |
| Research and development | $42M | $44M | $58M | $69M | $67M | $61M | $75M | $74M | $74M | $86M |
| Selling, general and admin | $47M | $51M | $58M | $63M | $65M | $69M | $67M | $80M | $95M | $130M |
| Operating income | $15M | -$1M | -$9M | -$39,000 | $11M | $70M | $107M | $197M | $205M | $140M |
| Interest expense | $1M | $826,000 | $243,000 | $119,000 | $374,000 | $885,000 | $2M | $27M | $30M | $25M |
| Pre-tax income | $15M | $1M | -$10M | $60M | $5M | $84M | $116M | $171M | $190M | $124M |
| Income tax | $5M | -$2M | -$3M | $14M | $4M | $21M | $23M | $32M | $30M | $26M |
| Net income | $10M | $4M | -$6M | $49M | $1M | $62M | $91M | $138M | $160M | $98M |
| EPS (diluted) | $0.21 | $0.08 | -$0.12 | $0.98 | $0.03 | $1.25 | $1.74 | $2.60 | $3.06 | $2.03 |
| Diluted shares | 48M | 48M | 46M | 50M | 49M | 50M | 52M | 53M | 52M | 48M |
| Gross margin | 40.8% | 37.7% | 36.3% | 40.9% | 41.0% | 45.6% | 49.9% | 54.5% | 51.1% | 49.5% |
| Operating margin | 6.0% | -0.5% | -2.9% | -0.0% | 3.1% | 16.0% | 21.5% | 30.6% | 28.1% | 19.5% |
| Net margin | 3.8% | 1.5% | -1.9% | 15.2% | 0.4% | 14.2% | 18.3% | 21.3% | 21.8% | 13.6% |
Balance sheet
Fiscal years, from Amphastar P's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $73M | $68M | $89M | $85M | $106M | $137M | $176M | $257M | $222M | $283M |
| Receivables | $27M | $36M | $52M | $45M | $66M | $79M | $89M | $115M | $136M | $144M |
| Inventory | $80M | $64M | $69M | $111M | $97M | $93M | $104M | $106M | $154M | $177M |
| Total current assets | $184M | $188M | $220M | $255M | $280M | $318M | $378M | $490M | $534M | $636M |
| Property, plant and equipment | $153M | $181M | $210M | $234M | $260M | $244M | $238M | $283M | $297M | $311M |
| Goodwill | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M |
| Total assets | $428M | $451M | $514M | $587M | $631M | $672M | $742M | $1.5B | $1.6B | $1.6B |
| Total current liabilities | $61M | $67M | $107M | $90M | $112M | $104M | $95M | $225M | $174M | $158M |
| Long-term debt | $32M | $41M | $32M | $39M | $34M | $75M | $73M | $590M | $602M | $609M |
| Total liabilities | $98M | $117M | $149M | $159M | $183M | $226M | $213M | $873M | $845M | $840M |
| Shareholders' equity | $329M | $334M | $332M | $381M | $402M | $446M | $529M | $639M | $732M | $789M |
| Net debt | -$40M | -$25M | -$54M | -$34M | -$58M | -$52M | -$83M | $445M | $450M | $439M |
Cash flow
Fiscal years, from Amphastar P's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | $39M | $38M | $42M | $57M | $98M | $89M | $184M | $213M | $156M |
| Capital spending | $21M | $35M | $47M | $42M | $34M | $27M | $24M | $38M | $41M | $35M |
| Free cash flow | $17M | $4M | -$9M | $207,000 | $23M | $71M | $65M | $145M | $172M | $121M |
| Stock-based compensation | $15M | $17M | $17M | $17M | $20M | $19M | $18M | $20M | $24M | $27M |
| Share buybacks (net) | -$10M | -$31M | -$25M | -$22M | -$24M | -$29M | -$40M | -$58M | -$85M | -$76M |
| Net borrowing | -$4M | $9M | $3M | -$3M | -$2M | $33M | -$2M | $526M | -$8M | -$223,000 |
| Free cash flow margin | 6.7% | 1.7% | -2.9% | 0.1% | 6.7% | 16.1% | 13.1% | 22.6% | 23.5% | 16.8% |
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Open AMPH in InvestinglyQuestions
What was Amphastar P's revenue in 2025?
$720M in fiscal 2025, from its 10-K filing.
How much free cash flow does Amphastar P generate?
$121M in fiscal 2025 (operating cash flow minus capital spending).
From Amphastar P's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.