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Phibro Animal Health Corporation (PAHC) 10-Year Financial Performance & Capital Metrics

PAHC • • Industrial / General
HealthcareSpecialty & Generic PharmaAnimal Health ProductsLivestock Health
AboutPhibro Animal Health Corporation develops, manufactures, and supplies a range of animal health and mineral nutrition products for livestock primarily in the United States. It operates through three segments: Animal Health, Mineral Nutrition, and Performance Products. The company develops, manufactures, and markets products for a range of food animals, including poultry, swine, beef and dairy cattle, and aquaculture. Its animal health products also comprise antibacterials that are biological or chemical products used in the animal health industry to treat or to prevent bacterial diseases; anticoccidials primarily used to prevent and control the disease coccidiosis in poultry and cattle; anthelmintics to treat infestations of parasitic intestinal worms; and anti-bloat treatment products for cattle to control bloat in animals grazing on legume or wheat-pasture. In addition, the company offers nutritional specialty products, which enhance nutrition to help improve health and performance; and vaccines to prevent diseases primarily for the poultry and swine markets. Further, it manufactures and markets formulations and concentrations of trace minerals, such as zinc, manganese, copper, iron, and other compounds; and various specialty ingredients for use in the personal care, industrial chemical, and chemical catalyst industries. The company sells its animal health and mineral nutrition products through local sales offices to integrated poultry, swine, and cattle integrators, as well as through commercial animal feed manufacturers, wholesalers, and distributors. It operates in the United States, Latin America, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company was formerly known as Philipp Brothers Chemicals, Inc. and changed its name to Phibro Animal Health Corporation in July 2003. Phibro Animal Health Corporation was incorporated in 2014 and is headquartered in Teaneck, New Jersey.Show more
  • Revenue $1.3B +27.4%
  • EBITDA $156M +74.4%
  • Net Income $48M +1897.7%
  • EPS (Diluted) 1.19 +1883.3%
  • Gross Margin 30.85% +0.3%
  • EBITDA Margin 12.04% +36.9%
  • Operating Margin 8.52% +62.7%
  • Net Margin 3.72% +1468.4%
  • ROE 17.8% +1886.1%
  • ROIC 9.8% +79.3%
  • Debt/Equity 2.67 +30.2%
  • Interest Coverage 3.32 +36.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 10.1%

✗Weaknesses

  • ✗High debt to equity ratio of 2.7x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.64%
5Y10.12%
3Y11.22%
TTM33.71%

Profit (Net Income) CAGR

10Y-2.2%
5Y7.54%
3Y-0.62%
TTM289.61%

EPS CAGR

10Y-2.35%
5Y7.47%
3Y-0.55%
TTM287.31%

ROCE

10Y Avg13.35%
5Y Avg10.14%
3Y Avg9.37%
Latest11.97%

Peer Comparison

Livestock Health
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PAHCPhibro Animal Health Corporation819.13M40.0633.6627.37%4.85%21.76%5.11%2.67
ZYBTZhengye Biotechnology Holding Limited52.6M1.11-11.95%6.07%3.27%25.23%0.25

Profit & Loss

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Sales/Revenue+751.5M764.3M820M828M800.35M833.35M942.26M977.89M1.02B1.3B
Revenue Growth %0%0.02%0.07%0.01%-0.03%0.04%0.13%0.04%0.04%0.27%
Cost of Goods Sold+512.5M516M553.1M563.4M543.47M561.97M656.86M679.65M704.59M896.27M
COGS % of Revenue0.68%0.68%0.67%0.68%0.68%0.67%0.7%0.7%0.69%0.69%
Gross Profit+239M248.3M266.9M264.6M256.88M271.38M285.4M298.24M313.09M399.94M
Gross Margin %0.32%0.32%0.33%0.32%0.32%0.33%0.3%0.3%0.31%0.31%
Gross Profit Growth %0.01%0.04%0.07%-0.01%-0.03%0.06%0.05%0.04%0.05%0.28%
Operating Expenses+153.3M150.3M168M181.4M187.69M196.51M206.41M226.39M259.78M289.48M
OpEx % of Revenue0.2%0.2%0.2%0.22%0.23%0.24%0.22%0.23%0.26%0.22%
Selling, General & Admin153.3M150.3M168M181.4M187.69M196.51M206.41M226.39M259.78M289.48M
SG&A % of Revenue0.2%0.2%0.2%0.22%0.23%0.24%0.22%0.23%0.26%0.22%
Research & Development11.03M9.44M10M12.08M000000
R&D % of Revenue0.01%0.01%0.01%0.01%------
Other Operating Expenses0000000000
Operating Income+85.7M97.9M98.9M73.3M69.19M74.87M78.99M71.85M53.31M110.47M
Operating Margin %0.11%0.13%0.12%0.09%0.09%0.09%0.08%0.07%0.05%0.09%
Operating Income Growth %-0.02%0.14%0.01%-0.26%-0.06%0.08%0.06%-0.09%-0.26%1.07%
EBITDA+109.15M123.9M125.84M100.86M101.53M106.75M111.69M105.86M89.49M156.07M
EBITDA Margin %0.15%0.16%0.15%0.12%0.13%0.13%0.12%0.11%0.09%0.12%
EBITDA Growth %-0%0.14%0.02%-0.2%0.01%0.05%0.05%-0.05%-0.15%0.74%
D&A (Non-Cash Add-back)23.45M26M26.94M27.56M32.34M31.88M32.7M34.01M36.18M45.6M
EBIT93.61M97.42M100.79M85.18M69.24M78.33M84.43M72.02M32.89M101.24M
Net Interest Income+-16.59M-14.91M-11.91M-11.78M-12.55M-9.56M-11.29M-14.59M-17.5M-30.63M
Interest Income256K1.97M1.69M1.9M1.76M838K816K3.35M4.47M2.62M
Interest Expense16.85M16.87M13.6M13.68M14.3M10.4M12.1M17.95M21.97M33.25M
Other Income/Expense-19.44M-17.39M-10.86M-11.72M-13.68M-8.4M-6.66M-17.78M-42.4M-42.47M
Pretax Income+76.8M80.5M88.1M71.5M55.51M66.47M72.33M54.07M10.92M67.99M
Pretax Margin %0.1%0.11%0.11%0.09%0.07%0.08%0.08%0.06%0.01%0.05%
Income Tax+-6M15.9M23.2M16.8M21.96M12.08M23.15M21.46M8.5M19.73M
Effective Tax Rate %1.08%0.8%0.74%0.77%0.6%0.82%0.68%0.6%0.22%0.71%
Net Income+82.7M64.6M64.9M54.7M33.55M54.38M49.17M32.61M2.42M48.26M
Net Margin %0.11%0.08%0.08%0.07%0.04%0.07%0.05%0.03%0%0.04%
Net Income Growth %0.37%-0.22%0%-0.16%-0.39%0.62%-0.1%-0.34%-0.93%18.98%
Net Income (Continuing)82.73M64.61M64.88M54.71M33.55M54.38M49.17M32.61M2.42M48.26M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+2.071.611.611.350.831.341.210.810.061.19
EPS Growth %0.37%-0.22%0%-0.16%-0.39%0.61%-0.1%-0.33%-0.93%18.83%
EPS (Basic)2.111.631.611.350.831.341.210.810.061.19
Diluted Shares Outstanding40M40M40.4M40.52M40.5M40.5M40.5M40.5M40.52M40.7M
Basic Shares Outstanding39.3M39.5M40.2M40.41M40.5M40.5M40.5M40.5M40.5M40.5M
Dividend Payout Ratio0.19%0.24%0.25%0.34%0.58%0.36%0.4%0.6%8.05%0.4%

Balance Sheet

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Total Current Assets+342.83M363.67M415.46M466.16M451.84M498.91M566.23M585.72M601M810.61M
Cash & Short-Term Investments33.6M56.08M79.17M81.57M91.34M93.21M91.25M81.28M114.61M77.04M
Cash Only33.6M56.08M29.17M57.57M36.34M50.21M74.25M41.28M70.61M68.04M
Short-Term Investments0050M24M55M43M17M40M44M9M
Accounts Receivable123.79M125.85M135.74M159.02M126.52M146.85M166.54M163.48M169.45M227.98M
Days Sales Outstanding60.1260.160.4270.157.764.3264.5161.0260.7864.2
Inventory167.69M161.23M178.17M198.32M196.66M216.31M259.16M277.57M265.91M444.43M
Days Inventory Outstanding119.43114.05117.58128.48132.08140.49144.01149.07137.75180.99
Other Current Assets17.75M20.5M22.38M27.25M37.31M42.53M49.29M63.39M51.02M61.16M
Total Non-Current Assets+267.54M259.73M256.22M260.51M332.26M342.42M365.47M385.67M381.19M550.29M
Property, Plant & Equipment127.32M127.35M130.11M140.24M170.98M187.67M203.17M231.33M240.9M396.03M
Fixed Asset Turnover5.90x6.00x6.30x5.90x4.68x4.44x4.64x4.23x4.22x3.27x
Goodwill21.12M23.98M27.35M27.35M52.68M52.68M53.23M53.27M54.56M59.65M
Intangible Assets60.09M54.6M51.98M47.48M71M62.28M63.86M54.99M45.03M36.47M
Long-Term Investments9.41M9.33M9.18M9.63M10.02M10.11M10.35M11.09M11.49M11.69M
Other Non-Current Assets21.57M21.2M22.18M19.05M16.16M19.82M29.02M26.28M9.83M20.91M
Total Assets+610.37M623.4M671.68M726.67M784.1M841.33M931.7M971.4M982.18M1.36B
Asset Turnover1.23x1.23x1.22x1.14x1.02x0.99x1.01x1.01x1.04x0.95x
Asset Growth %0.24%0.02%0.08%0.08%0.08%0.07%0.11%0.04%0.01%0.39%
Total Current Liabilities+108.78M115.8M143.22M154.23M157.24M164.12M190.83M176M204.15M293.47M
Accounts Payable60.17M56.89M59.5M73.19M66.09M68.36M95.6M73.85M85.57M138.2M
Days Payables Outstanding42.8540.2439.2647.4244.3944.453.1239.6644.3356.28
Short-Term Debt2.91M6.25M12.58M12.54M18.75M9.38M15M22.3M29.8M16.25M
Deferred Revenue (Current)0000000000
Other Current Liabilities34.72M37.84M54.67M43.95M47M56.21M53.18M48.22M55.15M83M
Current Ratio3.15x3.14x2.90x3.02x2.87x3.04x2.97x3.33x2.94x2.76x
Quick Ratio1.61x1.75x1.66x1.74x1.62x1.72x1.61x1.75x1.64x1.25x
Cash Conversion Cycle136.7133.91138.74151.17145.39160.41155.4170.42154.2188.9
Total Non-Current Liabilities+408.58M356.44M343.5M356.43M438.66M438.68M478.43M512.89M521.39M781.75M
Long-Term Debt347.26M306.89M299.8M313.63M368.26M382.71M417.93M452.54M458.29M702.43M
Capital Lease Obligations000017.28M28M31.51M29.08M29.91M33.74M
Deferred Tax Liabilities8.21M8.95M9.73M8.98M11.68M6.65M9.26M12.15M14.22M19.47M
Other Non-Current Liabilities53.11M40.61M33.97M33.82M41.45M21.32M19.73M19.12M18.97M26.1M
Total Liabilities519.89M472.24M486.73M510.66M595.9M602.8M669.26M688.89M725.54M1.08B
Total Debt+352.71M313.14M312.38M326.18M410.72M426.71M470.48M509.97M525.46M761.55M
Net Debt319.11M257.06M283.21M268.6M374.38M376.49M396.24M468.69M454.85M693.51M
Debt / Equity3.90x2.07x1.69x1.51x2.18x1.79x1.79x1.81x2.05x2.67x
Debt / EBITDA3.23x2.53x2.48x3.23x4.05x4.00x4.21x4.82x5.87x4.88x
Net Debt / EBITDA2.92x2.07x2.25x2.66x3.69x3.53x3.55x4.43x5.08x4.44x
Interest Coverage5.09x5.80x7.27x5.36x4.84x7.20x6.53x4.00x2.43x3.32x
Total Equity+90.48M151.16M184.95M216.01M188.2M238.53M262.44M282.51M256.64M285.68M
Equity Growth %2.05%0.67%0.22%0.17%-0.13%0.27%0.1%0.08%-0.09%0.11%
Book Value per Share2.263.784.585.334.655.896.486.976.337.02
Total Shareholders' Equity90.48M151.16M184.95M216.01M188.2M238.53M262.44M282.51M256.64M285.68M
Common Stock4K4K4K4K4K4K4K4K4K4K
Retained Earnings33.96M82.75M131.56M168.93M183.06M218.01M247.75M260.91M243.89M272.7M
Treasury Stock0000000000
Accumulated OCI-61.78M-55.44M-76.48M-86.18M-130.38M-115.29M-121.11M-114.21M-123.53M-124.02M
Minority Interest0000000000

Cash Flow

Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024Jun 2025
Cash from Operations+37.22M98.4M70.01M47.17M59.35M48.31M31.65M13.31M87.59M80.12M
Operating CF Margin %0.05%0.13%0.09%0.06%0.07%0.06%0.03%0.01%0.09%0.06%
Operating CF Growth %-0.46%1.64%-0.29%-0.33%0.26%-0.19%-0.34%-0.58%5.58%-0.09%
Net Income82.73M64.61M64.88M54.71M33.55M54.38M49.17M32.61M2.42M48.26M
Depreciation & Amortization23.45M26M26.94M27.56M32.34M31.89M32.7M34.01M36.18M45.6M
Stock-Based Compensation00334K2.26M2.26M1.13M00475K717K
Deferred Taxes-22.24M-28K6.39M-105K8.13M-2.18M-806K-2.84M-7.84M-4.88M
Other Non-Cash Items7.07M127.7M6.31M-1.32M-3.27M-7.04M-4.79M-9.34M23.25M11.98M
Working Capital Changes-46.06M1.4M-33.88M-35.94M-13.66M-29.87M-44.64M-41.13M33.11M-21.56M
Change in Receivables-13.09M-2.77M-11.9M-23.68M28.71M-18.21M-23.63M5.33M-8.68M-55.21M
Change in Inventory-16.44M5.43M-24.29M-20.98M-12.93M-12.5M-47M-11.22M2.64M-44.29M
Change in Payables-3.25M-3.12M2.45M12.09M-7.67M3.18M26.36M-22.83M12M45.55M
Cash from Investing+-82.79M-21.9M-84.61M-14.13M-120.39M-18.58M-22.58M-74.02M-48.19M-288.69M
Capital Expenditures-36.35M-20.9M-18.55M-29.89M0-29.32M-37.04M-51.79M-41.24M-38.29M
CapEx % of Revenue0.05%0.03%0.02%0.04%0.04%0.04%0.04%0.05%0.04%0.03%
Acquisitions----------
Investments----------
Other Investing137K-1M-1.06M-404K-34.84M-30.58M620K776K326K1.13M
Cash from Financing+50.38M-53.74M-11.78M-4.11M40.94M-17M16.34M26.99M-6.77M207.13M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-15.71M-15.83M-16.07M-18.59M-19.42M-19.43M-19.44M-19.44M-19.44M-19.45M
Share Repurchases----------
Other Financing0-3.92M000-2.94M-4.84M3.74M-31K-9.4M
Net Change in Cash----------
Free Cash Flow+866K77.5M51.46M17.28M25.3M18.99M-5.39M-38.48M46.36M41.83M
FCF Margin %0%0.1%0.06%0.02%0.03%0.02%-0.01%-0.04%0.05%0.03%
FCF Growth %-0.98%88.49%-0.34%-0.66%0.46%-0.25%-1.28%-6.13%2.2%-0.1%
FCF per Share0.021.941.270.430.620.47-0.13-0.951.141.03
FCF Conversion (FCF/Net Income)0.45x1.52x1.08x0.86x1.77x0.89x0.64x0.41x36.26x1.66x
Interest Paid14.21M14.6M11.21M12.25M11.58M10.81M11.16M14.57M17.25M32.07M
Taxes Paid16.83M14.76M15.19M16.21M20.87M19.39M17.85M20.41M15.43M13.4M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)137.71%53.47%38.62%27.28%16.6%25.49%19.63%11.97%0.9%17.8%
Return on Invested Capital (ROIC)18.38%17.96%16.93%11.54%9.91%9.54%9.3%7.64%5.47%9.8%
Gross Margin31.8%32.49%32.55%31.96%32.1%32.56%30.29%30.5%30.77%30.85%
Net Margin11%8.45%7.91%6.61%4.19%6.53%5.22%3.33%0.24%3.72%
Debt / Equity3.90x2.07x1.69x1.51x2.18x1.79x1.79x1.81x2.05x2.67x
Interest Coverage5.09x5.80x7.27x5.36x4.84x7.20x6.53x4.00x2.43x3.32x
FCF Conversion0.45x1.52x1.08x0.86x1.77x0.89x0.64x0.41x36.26x1.66x
Revenue Growth0.39%1.7%7.29%0.98%-3.34%4.12%13.07%3.78%4.07%27.37%

Revenue by Segment

2016201720182019202020212022202320242025
Vaccines-------100M120.85M137.15M
Vaccines Growth--------20.85%13.49%
Animal Health--531.73M68.29M75.34M72.94M607.05M---
Animal Health Growth----87.16%10.32%-3.19%732.28%---
Mineral Nutrition216.69M218.3M234.92M233.78M214.41M220.56M259.51M---
Mineral Nutrition Growth-0.74%7.62%-0.49%-8.29%2.87%17.66%---
Performance Products48.7M48.24M53.33M62.24M59.04M67.07M75.69M---
Performance Products Growth--0.95%10.56%16.70%-5.14%13.61%12.85%---

Revenue by Geography

2016201720182019202020212022202320242025
UNITED STATES473.25M484.15M494.6M480.1M--561.8M578.77M584.76M739.92M
UNITED STATES Growth-2.30%2.16%-2.93%---3.02%1.03%26.53%
Latin America and Canada------191.05M219.85M247.71M298.65M
Latin America and Canada Growth-------15.07%12.67%20.57%
EMEA------122.48M117.81M121.98M160.23M
EMEA Growth--------3.81%3.53%31.36%
Asia Pacific46.44M50.48M51.41M90.15M57.3M58.01M66.93M61.45M63.23M97.42M
Asia Pacific Growth-8.72%1.83%75.37%-36.44%1.23%15.39%-8.18%2.89%54.05%
U----471.94M494.89M----
U Growth-----4.86%----
Latin America And Canada105.67M96.69M120.85M152.38M158.94M166.32M----
Latin America And Canada Growth--8.50%25.00%26.09%4.30%4.65%----
Europe Middle East And Africa---105.36M112.18M114.13M----
Europe Middle East And Africa Growth----6.47%1.74%----
ISRAEL90M92.75M109.22M-------
ISRAEL Growth-3.06%17.76%-------
Europe And Africa36.18M40.21M43.9M-------
Europe And Africa Growth-11.15%9.18%-------

Frequently Asked Questions

Valuation & Price

Phibro Animal Health Corporation (PAHC) has a price-to-earnings (P/E) ratio of 33.7x. This suggests investors expect higher future growth.

Growth & Financials

Phibro Animal Health Corporation (PAHC) reported $1.40B in revenue for fiscal year 2025. This represents a 114% increase from $654.1M in 2012.

Phibro Animal Health Corporation (PAHC) grew revenue by 27.4% over the past year. This is strong growth.

Yes, Phibro Animal Health Corporation (PAHC) is profitable, generating $67.8M in net income for fiscal year 2025 (3.7% net margin).

Dividend & Returns

Yes, Phibro Animal Health Corporation (PAHC) pays a dividend with a yield of 1.19%. This makes it attractive for income-focused investors.

Phibro Animal Health Corporation (PAHC) has a return on equity (ROE) of 17.8%. This is reasonable for most industries.

Phibro Animal Health Corporation (PAHC) generated $34.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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