Tearsheet

Amneal Pharmaceuticals (AMRX)


Market Price (4/9/2026): $12.72 | Market Cap: $4.0 Bil
Sector: Health Care | Industry: Pharmaceuticals

Amneal Pharmaceuticals (AMRX)


Market Price (4/9/2026): $12.72
Market Cap: $4.0 Bil
Sector: Health Care
Industry: Pharmaceuticals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

Attractive yield
FCF Yield is 5.6%

Low stock price volatility
Vol 12M is 33%

Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, Oncology Treatments, Show more.

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 56x

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1%

Key risks
AMRX key risks include [1] substantial legal exposure from specific opioid and antitrust litigation, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1 Attractive yield
FCF Yield is 5.6%
2 Low stock price volatility
Vol 12M is 33%
3 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease, and Precision Medicine. Themes include Geriatric Care, Oncology Treatments, Show more.
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 60%
5 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 56x
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.1%
7 Key risks
AMRX key risks include [1] substantial legal exposure from specific opioid and antitrust litigation, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Amneal Pharmaceuticals (AMRX) stock has remained largely at the same level since 12/31/2025 because of the following key factors:

1. Mixed Q4 2025 Financial Performance and Conservative 2026 Guidance.

Amneal Pharmaceuticals reported fourth quarter 2025 earnings per share (EPS) of $0.21 on March 6, 2026, surpassing analyst expectations of $0.18 by 16.67%. However, revenue for the same period was $814 million, falling short of analyst estimates by approximately $9.7 million. Furthermore, the company's full-year 2026 revenue guidance of $3.05–3.15 billion projected a modest growth of only 1–4% over 2025, which likely tempered investor enthusiasm despite the EPS beat.

2. Pharmaceutical Industry Headwinds and Regulatory Pressures.

The broader pharmaceutical sector experienced significant macroeconomic headwinds during the period. Global pharmaceutical production growth was expected to decelerate to 1.6% in 2026, a sharp decline from 9.1% in 2025 due to a retrenchment after anticipatory production ahead of U.S. tariffs. Additionally, new U.S. trade measures, including potential 15% tariffs on pharmaceutical imports, were projected to add $13-$19 billion in industry costs. Government initiatives aimed at lowering drug prices and increased regulatory intervention further contributed to a challenging operating environment, creating downward pressure on the sector.

Show more

Stock Movement Drivers

Fundamental Drivers

The 1.7% change in AMRX stock from 12/31/2025 to 4/9/2026 was primarily driven by a 1087.4% change in the company's Net Income Margin (%).
(LTM values as of)123120254092026Change
Stock Price ($)12.6012.811.7%
Change Contribution By: 
Total Revenues ($ Mil)2,9353,0192.9%
Net Income Margin (%)0.2%2.4%1087.4%
P/E Multiple670.955.9-91.7%
Shares Outstanding (Mil)314314-0.1%
Cumulative Contribution1.7%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/9/2026
ReturnCorrelation
AMRX1.6% 
Market (SPY)-5.4%31.1%
Sector (XLV)-3.5%28.6%

Fundamental Drivers

The 28.0% change in AMRX stock from 9/30/2025 to 4/9/2026 was primarily driven by a 1917.7% change in the company's Net Income Margin (%).
(LTM values as of)93020254092026Change
Stock Price ($)10.0112.8128.0%
Change Contribution By: 
Total Revenues ($ Mil)2,8533,0195.8%
Net Income Margin (%)0.1%2.4%1917.7%
P/E Multiple930.555.9-94.0%
Shares Outstanding (Mil)314314-0.2%
Cumulative Contribution28.0%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/9/2026
ReturnCorrelation
AMRX27.9% 
Market (SPY)-2.9%35.0%
Sector (XLV)7.8%38.7%

Fundamental Drivers

The 52.9% change in AMRX stock from 3/31/2025 to 4/9/2026 was primarily driven by a 43.6% change in the company's P/S Multiple.
(LTM values as of)33120254092026Change
Stock Price ($)8.3812.8152.9%
Change Contribution By: 
Total Revenues ($ Mil)2,7943,0198.0%
P/S Multiple0.91.343.6%
Shares Outstanding (Mil)310314-1.5%
Cumulative Contribution52.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/9/2026
ReturnCorrelation
AMRX52.7% 
Market (SPY)16.3%51.7%
Sector (XLV)3.7%52.9%

Fundamental Drivers

The 821.6% change in AMRX stock from 3/31/2023 to 4/9/2026 was primarily driven by a 1302.1% change in the company's P/S Multiple.
(LTM values as of)33120234092026Change
Stock Price ($)1.3912.81821.6%
Change Contribution By: 
Total Revenues ($ Mil)2,2123,01936.5%
P/S Multiple0.11.31302.1%
Shares Outstanding (Mil)151314-51.8%
Cumulative Contribution821.6%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/9/2026
ReturnCorrelation
AMRX820.9% 
Market (SPY)63.3%33.4%
Sector (XLV)20.8%29.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
AMRX Return5%-58%205%30%59%1%178%
Peers Return30%20%-3%7%20%10%112%
S&P 500 Return27%-19%24%23%16%-1%81%

Monthly Win Rates [3]
AMRX Win Rate58%33%75%50%67%75% 
Peers Win Rate55%63%38%47%58%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
AMRX Max Drawdown-14%-59%-36%-14%-12%-6% 
Peers Max Drawdown-7%-11%-23%-10%-17%-4% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LLY, JNJ, MRK, PFE, BMY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/9/2026 (YTD)

How Low Can It Go

Unique KeyEventAMRXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-82.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven481.1%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven475 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-54.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven117.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven85 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-90.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven959.8%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to LLY, JNJ, MRK, PFE, BMY

In The Past

Amneal Pharmaceuticals's stock fell -82.8% during the 2022 Inflation Shock from a high on 3/22/2021. A -82.8% loss requires a 481.1% gain to breakeven.

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About Amneal Pharmaceuticals (AMRX)

Amneal Pharmaceuticals, Inc., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic and specialty pharmaceutical products for various dosage forms and therapeutic areas. The company operates through three segments: Generics, Specialty, and AvKARE. The Generics segment develops, manufactures, and commercializes complex oral solids, injectables, ophthalmics, liquids, topicals, softgels, inhalation products, and transdermals across a range of therapeutic categories. The Specialty segment is involved in the development, promotion, distribution, and sale of branded pharmaceutical products with focus on central nervous system disorders, endocrinology, parasitic infections, and other therapeutic areas. It also offers Emverm, a chewable tablet for the treatment of pinworm, whipworm, common roundworm, common hookworm, and American hookworm in single or mixed infections; Rytary to treat Parkinson's disease; and Unithroid for the treatment of hypothyroidism. The AvKARE segment provides pharmaceuticals, medical and surgical products, and services primarily to governmental agencies, the Department of Defense, and the Department of Veterans Affairs. It is also involved in the wholesale distribution of bottle and unit dose pharmaceuticals under the AvKARE and AvPAK names, as well as medical and surgical products; and packaging and wholesale distribution of pharmaceuticals and vitamins to its retail and institutional customers. The company sells its products through wholesalers, distributors, hospitals, chain pharmacies, and individual pharmacies. It operates in the United States, India, Ireland, and internationally. 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.

AI Analysis | Feedback

Here are a few brief analogies for Amneal Pharmaceuticals (AMRX):

  • Like a Procter & Gamble or Unilever for the pharmaceutical industry, managing a broad portfolio of both essential generic medications and specialized branded treatments.
  • Imagine the pharmaceutical equivalent of Aldi or Lidl, primarily offering a wide range of affordable generic medications, but also developing and distributing specific branded drugs for specialty areas.

AI Analysis | Feedback

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Major Products and Services of Amneal Pharmaceuticals (AMRX)

  • Generic Pharmaceutical Products: A broad portfolio of generic medications offered in various dosage forms and therapeutic areas.
  • Emverm: A branded chewable tablet for the treatment of various parasitic worm infections.
  • Rytary: A branded medication specifically used to treat Parkinson's disease.
  • Unithroid: A branded medication prescribed for the treatment of hypothyroidism.
  • Pharmaceutical and Medical/Surgical Product Distribution: Wholesale distribution, packaging, and supply of pharmaceuticals, medical, and surgical products, particularly to governmental agencies.

AI Analysis | Feedback

Amneal Pharmaceuticals (AMRX) sells its products primarily to other companies and governmental agencies, rather than directly to individuals. Its major customers can be categorized as follows:

  • Pharmaceutical Wholesalers and Distributors: These companies purchase Amneal's products in bulk for redistribution. Examples of major players in this segment include:
    • McKesson Corporation (MCK)
    • Cardinal Health, Inc. (CAH)
    • AmerisourceBergen Corporation (ABC)
  • Pharmacies: This includes both large chain pharmacies and individual pharmacies that dispense medications to consumers. Prominent chain pharmacies include:
    • CVS Health Corporation (CVS)
    • Walgreens Boots Alliance, Inc. (WBA)
  • Hospitals and Institutional Customers: Healthcare facilities that administer pharmaceuticals to patients.
  • Governmental Agencies: Through its AvKARE segment, Amneal Pharmaceuticals provides products and services primarily to:
    • The Department of Defense
    • The Department of Veterans Affairs

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Chirag Patel, Co-Chief Executive Officer and President

Chirag Patel is a Co-Founder of Amneal Pharmaceuticals, established in 2002. He served as Co-Chairman and Co-Chief Executive Officer of Amneal from 2005 until the company's combination with Impax Laboratories in 2018, and subsequently returned as Co-Chief Executive Officer and President in August 2019. Mr. Patel has also invested in several independent biopharmaceutical companies, including Asana Biosciences, Kashiv Biosciences, and Prolong Pharmaceuticals. Earlier in his career, he co-founded NextGen Technologies and Veriprise Wireless.

Chintu Patel, Co-Chief Executive Officer

Chintu Patel is a Co-Founder of Amneal Pharmaceuticals, which he established in 2002 with his brother Chirag Patel. He served as Co-Chairman and Co-Chief Executive Officer of Amneal from 2005 until the combination with Impax Laboratories in 2018, and returned as Co-Chief Executive Officer in August 2019.

Tasos Konidaris, Executive Vice President, Chief Financial Officer

Tasos Konidaris was appointed Senior Vice President, Chief Financial Officer, effective March 12, 2020. Before joining Amneal, he spent seven years as Senior Vice President and Chief Financial Officer of Dun & Bradstreet Corporation. Mr. Konidaris previously held various financial and general management positions at Schering-Plough Corporation, Pharmacia Corporation, Novartis Corporation, and Bristol-Myers Squibb. From 2011 to 2015, he served as Executive Vice President, Chief Financial Officer, and Head of Corporate Development of Ikaria, Inc., where he was responsible for finance and corporate development functions, including driving growth through licensing and acquisitions.

Nikita Shah, Executive Vice President, Chief Human Resources Officer

Nikita Shah serves as the Executive Vice President, Chief Human Resources Officer for Amneal Pharmaceuticals.

Jason B. Daly, Esq., Executive Vice President, Chief Legal Officer & Corporate Secretary

Jason B. Daly, Esq. holds the position of Executive Vice President, Chief Legal Officer & Corporate Secretary at Amneal Pharmaceuticals.

AI Analysis | Feedback

The key risks to Amneal Pharmaceuticals (AMRX) primarily stem from the highly competitive and regulated nature of the pharmaceutical industry, particularly within its significant Generics segment.

  1. Pricing Pressure and Intense Competition in the Generics Market: Amneal faces significant pricing pressures and intense competition within the generic drug market, which can lead to compressed margins and impact profitability. This competitive landscape includes larger companies with extensive resources, established distribution networks, and robust pricing strategies.
  2. Regulatory Risks and Delays in Approvals: The company is subject to increasing regulatory scrutiny and the risk of delays in FDA approvals for its generic and specialty products, which can directly affect product launch timelines and revenue growth. Changes in FDA product approval requirements, review processes, and legislative efforts by branded companies to limit generic substitution or file patent infringement suits further contribute to these regulatory challenges.
  3. Litigation, including Patent Challenges and Opioid-Related Liabilities: Amneal operates in an industry prone to legal challenges, encompassing patent infringement suits by branded pharmaceutical companies that can delay generic market entry, as well as significant industry-wide settlements such as ongoing opioid litigation liabilities.

AI Analysis | Feedback

The emergence and growth of direct-to-consumer pharmacy models, such as Mark Cuban Cost Plus Drugs, poses a clear emerging threat. These models aim to bypass traditional pharmaceutical distribution channels, including wholesalers, pharmacy benefit managers, and retail pharmacies, by offering generic drugs at significantly lower and more transparent prices directly to consumers. This directly threatens the established distribution and pricing models that Amneal Pharmaceuticals' Generics segment heavily relies upon, potentially leading to increased price erosion for its products and a shift in market share away from its traditional sales channels (wholesalers, distributors, hospitals, chain pharmacies, and individual pharmacies).

AI Analysis | Feedback

Amneal Pharmaceuticals (AMRX) operates in several addressable markets through its Generics, Specialty, and AvKARE segments. The market sizes for its main products and services are outlined below:

Generics Segment

  • The global generic pharmaceuticals market was valued at approximately USD 362.9 billion in 2022 and is projected to reach around USD 812.98 billion by 2032, growing at a CAGR of 8.4% during the forecast period from 2023 to 2032. Other estimates place the global market size at USD 437.9 billion in 2024, projected to reach USD 1005.74 billion by 2035 with a CAGR of 7.85% from 2025 to 2035. Another report states a global market size of USD 454.7 billion in 2025, expected to reach USD 770.0 billion by 2033.
  • In North America, the generic pharmaceuticals market was the largest region in 2025. The U.S. generic drugs market was valued at USD 136,451.6 million in 2025 and is expected to reach USD 220,129.9 million by 2033, growing at a CAGR of 5.8% from 2026 to 2033. Another source estimates the U.S. generic drugs market size at USD 146.04 billion in 2025, projected to increase to approximately USD 243.70 billion by 2035.

Specialty Segment

Central Nervous System (CNS) Disorders

  • The global central nervous system (CNS) therapeutics market was valued at USD 163.8 billion in 2025 and is expected to grow to USD 412.1 billion by 2034, registering a CAGR of 10.8% from 2025 to 2034. Other estimates for the global CNS therapeutics market include USD 138.59 billion in 2025, projected to reach USD 273.32 billion by 2033, and USD 126.68 billion in 2025, projected to reach USD 236.94 billion by 2034.
  • The U.S. CNS therapeutics market is anticipated to reach a value of USD 56.1 billion in 2025 and continue expanding to USD 133.7 billion by 2034, at a CAGR of 10.1%.

Endocrinology

  • The global endocrinology drugs market grew from USD 65.43 billion in 2025 to USD 70.12 billion in 2026 and is projected to register a CAGR of 7.67%, reaching USD 109.78 billion by 2032. Another report estimates the market size at USD 107.79 billion in 2025, and it is expected to reach USD 144.86 billion by 2030.
  • North America holds a majority share in the endocrinology drugs market, valued at USD 40.0 billion in 2024, expected to grow to USD 56.0 billion by 2035.

Parasitic Infections (Emverm)

  • The global antiparasitic drugs market size was estimated at USD 19.44 billion in 2024 and is predicted to increase from USD 20.44 billion in 2025 to approximately USD 31.85 billion by 2034. Another source valued the global antiparasitic drugs market at USD 22.7 billion in 2023, projected to reach USD 37.38 billion by 2032.
  • Specifically for mebendazole, the global market size was valued at approximately USD 250 million in 2023 and is projected to reach around USD 400 million by 2032. The global mebendazole market size was estimated at USD 145.91 million in 2025 and is projected to reach USD 357.87 million by 2035.

Parkinson's Disease (Rytary)

  • The global Parkinson's disease drugs market size was valued at USD 7.75 billion in 2025 and is projected to grow to USD 15.77 billion by the end of 2034. Another estimate places the global Parkinson's disease treatment market size at USD 5.65 billion in 2024, expected to reach USD 7.58 billion by 2030.
  • The global Parkinson's disease drug market was valued at approximately USD 4 billion in 2022, with an anticipated CAGR of 6% until 2030. In 2021, the global Parkinson's disease drugs market size was valued at USD 5.7 billion and is projected to reach USD 10.4 billion by 2031.
  • The Parkinson's Disease Market Size in the US was approximately USD 1,883 million in 2023.
  • Rytary captured about 15-20% of the Parkinson's medication market share in the US by mid-2022.

Hypothyroidism (Unithroid)

  • The global hypothyroidism drug market is projected to reach USD 14.55 billion by 2025. Other projections estimate the global hypothyroidism market size at USD 2,397.71 million in 2025, expected to increase to USD 3,274.78 million by 2032.
  • The global thyroid gland disorder treatment market size was valued at USD 2.22 billion in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030. Hypothyroidism dominated this market, accounting for a 68.7% share in 2023.
  • The U.S. thyroid hormone replacement market was valued at approximately USD 1.9 billion in 2022. In this market, Unithroid held an estimated 15-20% market share among generic and branded levothyroxine products in 2022.

AI Analysis | Feedback

Amneal Pharmaceuticals (AMRX) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its segments:

  1. Acceleration in Complex Generics and Injectables: The company anticipates a meaningful acceleration in revenue growth within its Affordable Medicines segment in 2026 and 2027, propelled by an expanding portfolio of complex, differentiated, and durable products. Amneal plans to file 10-15 key complex programs in 2026 and aims for 20-30 new Affordable Medicines launches annually.
  2. Expansion of Biosimilars Portfolio: Biosimilars remain a central pillar of Amneal's growth strategy, with the company on track to have six U.S. biosimilars by 2027. This includes two recently approved products and Omalizumab (targeting the Xolair market) under review, reflecting a bold investment in growing these therapeutic offerings.
  3. Growth in Specialty Segment Driven by New Branded Products: While the Specialty segment may experience flat revenue in 2026 due to generic erosion of Rytary, growth is expected to resume strongly in 2027 as new branded products gain traction. Notably, CREXONT is showing encouraging uptake, with management expecting to roughly double its market share and revenue in 2026, and a new migraine auto-injector is experiencing stronger-than-expected early demand.
  4. Entry into the GLP-1 Market: Amneal's collaboration with Pfizer in the GLP-1 space is progressing, with two dedicated manufacturing facilities on schedule. This positions the company to establish a foothold in this rapidly growing therapeutic class, offering a significant new revenue stream.

AI Analysis | Feedback

Share Issuance

  • As of February 14, 2025, Amneal Pharmaceuticals had 309,966,341 shares of Class A common stock outstanding.
  • The company's guidance for the year ending December 31, 2025, assumed approximately 325 million to 330 million weighted-average diluted shares outstanding.
  • Total shares outstanding were 314.08 million as of November 5, 2025.

Capital Expenditures

  • Amneal Pharmaceuticals estimated approximately $120.0 million would be invested during 2025 for capital expenditures.
  • The primary focus for 2025 capital expenditures included manufacturing equipment, information technology, and facilities to support and grow existing operations, as well as investments for a collaboration and supply agreement with Metsera, Inc.
  • Annual capital expenditures were approximately $70.06 million in 2025, $74.99 million in 2024, and $69.19 million in 2023.

Better Bets vs. Amneal Pharmaceuticals (AMRX)

Trade Ideas

Select ideas related to AMRX.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PGNY_3312026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312026PGNYProgynyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
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CNC_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026CNCCenteneDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
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2.3%2.3%-0.6%
OSCR_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026OSCROscar HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
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WAT_3202026_Monopoly_xInd_xCD_Getting_Cheaper03202026WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
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GILD_3202026_Quality_Momentum_RoomToRun_10%03202026GILDGilead SciencesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
1.6%1.6%-2.2%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

AMRXLLYJNJMRKPFEBMYMedian
NameAmneal P.Eli LillyJohnson .Merck Pfizer Bristol-. 
Mkt Price12.81955.00242.30122.8727.2059.4291.15
Mkt Cap4.0855.5583.4304.8154.7120.9229.7
Rev LTM3,01965,17994,19365,01162,57948,19563,795
Op Inc LTM39829,69625,59622,10817,40613,72319,757
FCF LTM2265,96419,31312,3609,07512,84510,718
FCF 3Y Avg2411,07518,38313,2007,90113,14610,524
CFO LTM34016,81324,53016,47211,70414,15615,314
CFO 3Y Avg3279,95723,86216,98211,04914,40212,726

Growth & Margins

AMRXLLYJNJMRKPFEBMYMedian
NameAmneal P.Eli LillyJohnson .Merck Pfizer Bristol-. 
Rev Chg LTM8.0%44.7%6.0%1.3%-1.6%-0.2%3.7%
Rev Chg 3Y Avg11.0%32.1%2.6%3.2%-12.0%1.5%2.9%
Rev Chg Q11.5%42.6%9.1%5.0%-1.2%1.3%7.0%
QoQ Delta Rev Chg LTM2.9%9.7%2.2%1.2%-0.3%0.3%1.7%
Op Mgn LTM13.2%45.6%27.2%34.0%27.8%28.5%28.1%
Op Mgn 3Y Avg11.9%37.9%25.6%23.5%19.6%19.6%21.6%
QoQ Delta Op Mgn LTM0.9%1.1%1.5%-0.9%0.9%4.7%1.0%
CFO/Rev LTM11.3%25.8%26.0%25.3%18.7%29.4%25.6%
CFO/Rev 3Y Avg12.1%19.3%26.7%26.8%17.8%30.5%23.0%
FCF/Rev LTM7.5%9.2%20.5%19.0%14.5%26.7%16.8%
FCF/Rev 3Y Avg9.0%0.3%20.6%20.8%12.7%27.9%16.6%

Valuation

AMRXLLYJNJMRKPFEBMYMedian
NameAmneal P.Eli LillyJohnson .Merck Pfizer Bristol-. 
Mkt Cap4.0855.5583.4304.8154.7120.9229.7
P/S1.313.16.24.72.52.53.6
P/EBIT10.628.817.413.615.210.814.4
P/E55.941.421.816.719.917.120.8
P/CFO11.850.923.818.513.28.515.9
Total Yield1.8%3.0%6.7%8.7%11.3%10.0%7.7%
Dividend Yield0.0%0.6%2.1%2.7%6.3%4.2%2.4%
FCF Yield 3Y Avg11.1%0.0%4.6%5.1%5.3%12.0%5.2%
D/E0.70.00.10.20.40.40.3
Net D/E0.60.00.00.10.30.30.2

Returns

AMRXLLYJNJMRKPFEBMYMedian
NameAmneal P.Eli LillyJohnson .Merck Pfizer Bristol-. 
1M Rtn-4.0%-4.6%-0.6%5.7%0.1%-0.2%-0.4%
3M Rtn-3.0%-11.9%18.4%11.5%9.4%7.4%8.4%
6M Rtn24.5%12.0%28.3%42.7%11.5%35.9%26.4%
12M Rtn72.4%27.6%65.0%55.5%29.7%16.1%42.6%
3Y Rtn821.6%166.1%61.2%19.6%-21.9%-2.9%40.4%
1M Excs Rtn-4.7%-5.3%-1.2%5.1%-0.5%-0.8%-1.0%
3M Excs Rtn-2.0%-12.3%18.8%15.4%10.8%7.2%9.0%
6M Excs Rtn22.0%11.9%28.1%40.9%5.5%34.4%25.1%
12M Excs Rtn42.8%-1.9%30.4%22.0%-5.9%-21.7%10.1%
3Y Excs Rtn717.9%112.9%3.2%-41.8%-86.6%-66.6%-19.3%

Comparison Analyses

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FDA Approved Drugs Data

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Post-Approval Fwd Returns
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Total
Rtn
ANDA219655  SERTRALINE HYDROCHLORIDEsertraline hydrochloridecapsule1282026-8.9%-8.9%-8.9%-8.9%-8.9%
ANDA217287  CUPRIC CHLORIDEcupric chlorideinjectable1262026-6.3%-6.3%-6.3%-6.3%-6.3%
ANDA212884  ELTROMBOPAG OLAMINEeltrombopag olaminetablet1142026-4.1%-4.1%-4.1%-4.1%-4.1%
ANDA217523  SODIUM BICARBONATEsodium bicarbonatesolution1132026-2.0%-2.0%-2.0%-2.0%-2.0%
BLA761456  BONCRESAdenosumab-mobzinjectable12192025-5.9%1.1%1.1%1.1%1.1%
BLA761457  OZILTUSdenosumab-mobzinjectable12192025-5.9%1.1%1.1%1.1%1.1%
ANDA217173  DEFLAZACORTdeflazacorttablet12122025-3.1%4.1%4.1%4.1%4.1%
ANDA218208  EPINEPHRINEepinephrinesolution1208202511.6%7.1%7.1%7.1%7.1%
ANDA211909  CYCLOSPORINEcyclosporineemulsion1128202510.3%1.5%1.5%1.5%1.5%
ANDA217737  IOHEXOLiohexolsolution1113202527.0%10.3%10.3%10.3%10.3%
...         

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Affordable Medicines1,4711,4321,3661,3431,309
AvKARE532406349294 
Specialty390374378356318
Corporate and Other00   
Total2,3942,2122,0941,9931,626


Operating Income by Segment
$ Mil20252024202320222021
Affordable Medicines276224281189-133
Specialty6573565743
AvKARE3237-8 
Corporate and Other-169-395-192-147-158
Total204-9515391-249


Price Behavior

Price Behavior
Market Price$12.80 
Market Cap ($ Bil)4.0 
First Trading Date03/27/2018 
Distance from 52W High-15.7% 
   50 Days200 Days
DMA Price$13.39$11.21
DMA Trendupdown
Distance from DMA-4.4%14.2%
 3M1YR
Volatility32.3%32.0%
Downside Capture0.410.65
Upside Capture87.81156.00
Correlation (SPY)28.6%46.9%
AMRX Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.470.790.790.900.911.07
Up Beta-1.02-1.68-0.61-0.390.540.91
Down Beta1.050.490.880.910.930.80
Up Capture157%104%99%168%176%613%
Bmk +ve Days7162765139424
Stock +ve Days9172966134377
Down Capture184%144%101%92%112%100%
Bmk -ve Days12233358110323
Stock -ve Days13243358113356

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMRX
AMRX77.1%32.7%1.79-
Sector ETF (XLV)12.6%16.8%0.5450.5%
Equity (SPY)29.1%17.4%1.3648.3%
Gold (GLD)61.3%27.8%1.721.3%
Commodities (DBC)26.9%16.7%1.412.3%
Real Estate (VNQ)17.7%15.4%0.8645.0%
Bitcoin (BTCUSD)-10.9%43.9%-0.1412.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMRX
AMRX14.1%51.1%0.44-
Sector ETF (XLV)6.7%14.6%0.2830.9%
Equity (SPY)11.4%17.0%0.5235.2%
Gold (GLD)22.2%17.8%1.025.2%
Commodities (DBC)11.5%18.8%0.507.4%
Real Estate (VNQ)3.7%18.8%0.1031.0%
Bitcoin (BTCUSD)3.6%56.5%0.2914.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with AMRX
AMRX-4.1%64.7%0.20-
Sector ETF (XLV)10.0%16.5%0.5032.4%
Equity (SPY)13.9%17.9%0.6734.6%
Gold (GLD)14.1%15.9%0.741.6%
Commodities (DBC)8.5%17.6%0.4012.5%
Real Estate (VNQ)5.1%20.7%0.2126.7%
Bitcoin (BTCUSD)67.1%66.9%1.0611.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity10.8 Mil
Short Interest: % Change Since 22820269.3%
Average Daily Volume2.4 Mil
Days-to-Cover Short Interest4.5 days
Basic Shares Quantity314.5 Mil
Short % of Basic Shares3.4%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/27/2026-4.7%-8.5%-18.2%
10/30/2025-4.1%12.1%18.0%
7/21/2025-0.8%1.1%16.2%
2/28/20253.5%4.5%-1.2%
11/8/20241.4%4.5%-6.0%
8/9/2024-1.5%1.8%8.9%
3/1/2024-0.9%-3.8%9.6%
10/23/202319.0%15.5%33.0%
...
SUMMARY STATS   
# Positive81010
# Negative121010
Median Positive7.9%8.5%17.1%
Median Negative-6.4%-9.4%-16.3%
Max Positive28.5%25.9%53.8%
Max Negative-16.2%-20.3%-36.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/07/202510-Q
12/31/202402/28/202510-K
09/30/202411/12/202410-Q
06/30/202408/09/202410-Q
03/31/202405/08/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/03/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/06/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/27/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net revenue3.05 Bil3.10 Bil3.15 Bil1.6% RaisedGuidance: 3.05 Bil for 2025
2026 Adjusted EBITDA720.00 Mil740.00 Mil760.00 Mil8.8% RaisedGuidance: 680.00 Mil for 2025
2026 Adjusted diluted EPS0.930.981.0326.5% RaisedGuidance: 0.78 for 2025
2026 Operating cash flow325.00 Mil350.00 Mil375.00 Mil11.1% RaisedGuidance: 315.00 Mil for 2025
2026 Capital expenditures 110.00 Mil 10.0% RaisedGuidance: 100.00 Mil for 2025
2026 Operating cash flow, excluding discrete items350.00 Mil375.00 Mil400.00 Mil   
2026 Affordable Medicines net revenue growth7.0%7.5%8.0%   
2026 AvKARE net revenue625.00 Mil662.50 Mil700.00 Mil   

Prior: Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Revenue3.00 Bil3.05 Bil3.10 Bil0 AffirmedGuidance: 3.05 Bil for 2025
2025 Adjusted EBITDA675.00 Mil680.00 Mil685.00 Mil0.7% RaisedGuidance: 675.00 Mil for 2025
2025 EPS0.750.780.86.9% RaisedGuidance: 0.72 for 2025
2025 Free Cash Flow300.00 Mil315.00 Mil330.00 Mil8.6% RaisedGuidance: 290.00 Mil for 2025
2025 Capital Expenditures 100.00 Mil 0 AffirmedGuidance: 100.00 Mil for 2025

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Nark, Ted C DirectSell1119202511.7250,000586,0003,410,860Form
2Shah, NikitaExecutive Vice PresidentDirectSell1114202511.92131,8561,571,7241,745,124Form
3Kiely, John DirectSell82820259.2332,000295,3602,080,747Form
4Shah, NikitaExecutive Vice PresidentDirectSell82520259.66114,4921,105,9931,475,497Form
5Shah, NikitaExecutive Vice PresidentDirectSell82520259.506,34060,2301,390,828Form