Amphastar Pharmaceuticals, Inc. AMPH

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
75/100
Strong

About Amphastar Pharmaceuticals, Inc.

Amphastar Pharmaceuticals, Inc., a bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France. It offers BAQSIMI, a nasal spray for the treatment of severe hypoglycemia; Primatene Mist, an over-the-counter epinephrine inhalation product for the temporary relief of mild symptoms of intermittent asthma; Enoxaparin to prevent and treat … Full AMPH analysis →

Competitive advantage assessment

Key strengths

  • ROIC Sustainably Above Peers ROIC at 78.0th percentile exceeds peers and WACC, demonstrating superior capital allocation.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.84), demonstrating pricing resilience across cycles.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
73

Where AMPH ranks in Drug Manufacturers - Specialty & Generic

Amphastar Pharmaceuticals, Inc. ranks #6 of 91 scored companies in Drug Manufacturers - Specialty & Generic by moat score — the top 7%. The widest moat in the group is Zoetis Inc. (ZTS) at 85/100.

Moat scores for companies ranked near AMPH in Drug Manufacturers - Specialty & Generic
# Company Moat score Rating
2 Neurocrine Biosciences, Inc. NBIX 84/100 Strong
3 SIGA Technologies Inc. SIGA 79/100 Strong
4 Alkermes plc ALKS 77/100 Strong
5 Prestige Consumer Healthcare In PBH 76/100 Strong
6 Amphastar Pharmaceuticals, Inc. AMPH 75/100 Strong
7 Haleon plc HLN 75/100 Moderate
8 Kamada Ltd. KMDA 74/100 Moderate
9 Collegium Pharmaceutical, Inc. COLL 73/100 Moderate
10 Lantheus Holdings, Inc. LNTH 73/100 Moderate

See every Pharma / Mature Biotech company ranked by moat score →

How AMPH scores on the Corporate Default defenses

Pricing Power

Score 73 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 92 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 77 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 84 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 69 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 57 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding AMPH's moat

What is Amphastar Pharmaceuticals, Inc.'s moat score?

Amphastar Pharmaceuticals, Inc. (AMPH) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #6 of 91 scored companies in Drug Manufacturers - Specialty & Generic, the top 7%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 90 companies in Drug Manufacturers - Specialty & Generic. Its strongest defense is Cost Advantage (92/100) and its weakest is Scale & Market Position (57/100).

How does Amphastar Pharmaceuticals, Inc. compare with other Drug Manufacturers - Specialty & Generic companies?

Amphastar Pharmaceuticals, Inc. ranks #6 of 91 scored companies in Drug Manufacturers - Specialty & Generic by moat score. The widest moat in Drug Manufacturers - Specialty & Generic is Zoetis Inc. (ZTS) at 85/100. The companies ranked closest are Prestige Consumer Healthcare In (PBH) at 76 just above it and Haleon plc (HLN) at 75 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 90 companies in Drug Manufacturers - Specialty & Generic. The defenses are then weighted to produce the overall score out of 100.

Why is Amphastar Pharmaceuticals, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Amphastar Pharmaceuticals, Inc.?

The Corporate Default template measures 6 defenses, and AMPH scores: Pricing Power (73), Cost Advantage (92), Customer Stickiness (77), Capital Efficiency (84), Resilience (69), Scale & Market Position (57). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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