Amneal Pharmaceuticals, Inc., a global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products in the United States, India, Ireland, and internationally. The company operates through three segments: Affordable Medicines, Specialty, and AvKARE. The Affordable Medicines segment offers dosage forms and delivery systems, which include immediate and extended-release oral solids, powders, liquids, sterile injectables, nasal sprays, inhalation and respiratory products, biosimilar products, ophthalmics, films, transdermal patches, and topicals. The Specialty segment develops, promotes, sells, and distributes pharmaceutical products with a focus on central nervous system and endocrine disorders, including Parkinson's disease. This segment provides Rytary, an oral capsule formulation of carbidopa-levodopa to treat Parkinson's disease, post-encephalitic parkinsonism, and parkinsonism; Unithroid and ONGENTYS for the treatment of hypothyroidism; and CREXONT, which is use for the treatment of Parkinson's disease. The AvKARE segment offers pharmaceuticals, medical and surgical products, and services primarily to governmental agencies, the Department of Defense, and the Department of Veterans Affairs. This segment also distributes bottle and unit dose pharmaceuticals under the AvKARE and AvPAK names; and packages and distributes pharmaceuticals and vitamins to its retail and institutional customers. It sells its products through wholesalers, distributors, retail pharmacies, managed care organizations, purchasing co-ops, hospitals, government agencies, institutions, and pharmaceutical companies. The company was formerly known as Atlas Holdings, Inc. and changed its name to Amneal Pharmaceuticals, Inc. in 2018. Amneal Pharmaceuticals, Inc. was founded in 2002 and is headquartered in Bridgewater, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.0B | $604M | $72M | $226M | -101.8% | 8.0% | -161.6% |
| 2024 | $2.8B | $440M | $-117M | $220M | 107.0% | 16.7% | 39.2% |
| 2023 | $2.4B | $400M | $-84M | $276M | -424.6% | 8.2% | -35.4% |
| 2022 | $2.2B | $150M | $-130M | $-25M | -43.6% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,212.30 | 2,393.61 | 2,793.96 | 3,018.76 |
| Operating Revenue | - | 2,212.30 | 2,393.61 | 2,793.96 | 3,018.76 |
| Cost Of Revenue | - | 1,427.60 | 1,573.04 | 1,773.52 | 1,905.45 |
| Gross Profit | - | 784.71 | 820.56 | 1,020.44 | 1,113.31 |
| Operating Expense | - | 595.79 | 581.82 | 672.06 | 715.39 |
| Research And Development | - | 200.05 | 167.78 | 196.56 | 193.81 |
| Selling General And Administration | - | 399.70 | 429.68 | 476.44 | 526.83 |
| Total Expenses | - | 2,023.38 | 2,154.86 | 2,445.58 | 2,620.85 |
| Operating Income | - | 188.92 | 238.75 | 348.37 | 397.91 |
| Total Operating Income As Reported | - | -94.93 | 204.37 | 249.33 | 394.10 |
| EBITDA | - | 150.43 | 399.76 | 439.77 | 603.87 |
| Normalized EBITDA | - | 447.27 | 435.58 | 596.35 | 606.64 |
| EBIT | - | -89.75 | 170.36 | 203.58 | 380.30 |
| Interest Expense | - | 158.38 | 210.63 | 258.60 | 241.09 |
| Net Interest Income | - | -158.67 | -251.43 | -258.60 | -272.46 |
| Other Non Operating Income Expenses | - | 18.46 | 8.24 | 11.78 | 16.52 |
| Other Income Expense | - | -278.38 | -27.58 | -144.79 | 13.75 |
| Interest Expense Non Operating | - | 158.38 | 210.63 | 258.60 | 241.09 |
| Net Non Operating Interest Income Expense | - | -158.67 | -251.43 | -258.60 | -272.46 |
| Pretax Income | - | -248.13 | -40.27 | -55.01 | 139.21 |
| Tax Provision | - | 6.66 | 8.45 | 18.86 | 11.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -62.34 | -7.52 | -32.88 | -0.22 |
| Net Income Continuous Operations | - | -254.79 | -48.72 | -73.88 | 127.93 |
| Net Income From Continuing And Discontinued Operation | - | -129.99 | -83.99 | -116.89 | 72.06 |
| Net Income From Continuing Operation Net Minority Interest | - | -129.99 | -83.99 | -116.89 | 72.06 |
| Net Income | - | -129.99 | -83.99 | -116.89 | 72.06 |
| Net Income Common Stockholders | - | -129.99 | -83.99 | -116.89 | 72.06 |
| Net Income Including Noncontrolling Interests | - | -254.79 | -48.72 | -73.88 | 127.93 |
| Normalized Income | - | 104.52 | -55.69 | 6.81 | 74.60 |
| Diluted NI Availto Com Stockholders | - | -129.99 | -83.99 | -116.89 | 72.06 |
| Basic Average Shares | - | 150.94 | 176.14 | 308.98 | 313.37 |
| Diluted Average Shares | - | 150.94 | 176.14 | 308.98 | 324.80 |
| Reconciled Depreciation | - | 240.18 | 229.40 | 236.19 | 223.57 |
| Reconciled Cost Of Revenue | - | 1,427.60 | 1,573.04 | 1,773.52 | 1,905.45 |
| Total Unusual Items | - | -296.85 | -35.83 | -156.57 | -2.77 |
| Total Unusual Items Excluding Goodwill | - | -296.85 | -35.83 | -156.57 | -2.77 |
| Minority Interests | - | 124.80 | -35.27 | -43.01 | -55.88 |
| Special Income Charges | - | -284.48 | -37.50 | -149.73 | -10.41 |
| Gain On Sale Of Business | 0 | 0 | - | - | - |
| Other Special Charges | - | 281.62 | 35.75 | 147.37 | 6.20 |
| Restructuring And Mergern Acquisition | - | 2.86 | 1.75 | 2.36 | 4.21 |
| Gain On Sale Of Security | - | -12.36 | 1.67 | -6.85 | 7.64 |
| Total Other Finance Cost | - | 0.29 | 40.80 | - | 31.36 |
| Other Operating Expenses | - | -3.96 | -15.64 | -0.93 | -5.24 |
| Other Taxes | - | 0.63 | 3.12 | 50.68 | - |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Amneal Pharmaceuticals, Inc.this co. | AMRX | $4.3B | 59.86β premium | -60.93 | -101.8% | 11.13 |
| Ligand Pharmaceuticals Incorporated | LGND | $4.7B | 37.99 | 4.65 | 12.2% | 25.35 |
| Indivior Pharmaceuticals, Inc. | INDV | $4.4B | 21.08 | -44.71 | -212.1% | 15.07 |
| RadNet, Inc. | RDNT | $4.2B | -222.64 | 3.81 | -1.7% | 16.71 |
| Veracyte, Inc. | VCYT |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $4.0B |
| 60.06 |
| 3.04 |
| 5.1% |
| 40.86 |
| Waystar Holding Corp. | WAY | $3.9B | 34.60 | 1.00 | 2.9% | 13.55 |
| Catalyst Pharmaceuticals, Inc. | CPRX | $3.8B | 17.87 | 4.01 | 22.5% | 10.56 |
| Merit Medical Systems, Inc. | MMSI | $3.8B | 29.27 | 2.37 | 8.1% | 12.46 |
| ACADIA Pharmaceuticals Inc. | ACAD | $3.7B | 9.51 | 3.03 | 31.9% | 30.83 |
| Peer Median | - | 25.17 | 3.04 | 6.6% | 15.89 | |