vs

Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Claritev Corp (CTEV). Click either name above to swap in a different company.

Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $205.4M, roughly 1.2× COLLEGIUM PHARMACEUTICAL, INC). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -32.7%, a 40.9% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs 6.2%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $36.4M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 2.5%).

Collegium Pharmaceutical, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative, abuse-deterrent pain management therapies. Operating primarily in the U.S. market, it offers extended-release analgesics for chronic pain patients, serving providers across primary and specialty care segments.

COLL vs CTEV — Head-to-Head

Bigger by revenue
CTEV
CTEV
1.2× larger
CTEV
$246.6M
$205.4M
COLL
Growing faster (revenue YoY)
COLL
COLL
+6.7% gap
COLL
12.9%
6.2%
CTEV
Higher net margin
COLL
COLL
40.9% more per $
COLL
8.3%
-32.7%
CTEV
More free cash flow
COLL
COLL
$86.0M more FCF
COLL
$122.4M
$36.4M
CTEV
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
2.5%
CTEV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
CTEV
CTEV
Revenue
$205.4M
$246.6M
Net Profit
$17.0M
$-80.6M
Gross Margin
62.5%
Operating Margin
29.6%
-3.1%
Net Margin
8.3%
-32.7%
Revenue YoY
12.9%
6.2%
Net Profit YoY
35.3%
41.6%
EPS (diluted)
$0.48
$-4.88

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COLL
COLL
CTEV
CTEV
Q4 25
$205.4M
$246.6M
Q3 25
$209.4M
$246.0M
Q2 25
$188.0M
$241.6M
Q1 25
$177.8M
$231.3M
Q4 24
$181.9M
$232.1M
Q3 24
$159.3M
$230.5M
Q2 24
$145.3M
$233.5M
Q1 24
$144.9M
$234.5M
Net Profit
COLL
COLL
CTEV
CTEV
Q4 25
$17.0M
$-80.6M
Q3 25
$31.5M
$-69.8M
Q2 25
$12.0M
$-62.6M
Q1 25
$2.4M
$-71.3M
Q4 24
$12.5M
$-138.0M
Q3 24
$9.3M
$-391.4M
Q2 24
$19.6M
$-576.7M
Q1 24
$27.7M
$-539.7M
Gross Margin
COLL
COLL
CTEV
CTEV
Q4 25
62.5%
Q3 25
61.7%
Q2 25
57.7%
Q1 25
54.8%
Q4 24
54.0%
Q3 24
60.8%
Q2 24
62.5%
Q1 24
63.1%
Operating Margin
COLL
COLL
CTEV
CTEV
Q4 25
29.6%
-3.1%
Q3 25
29.7%
4.1%
Q2 25
18.7%
6.9%
Q1 25
12.2%
4.2%
Q4 24
20.9%
-17.8%
Q3 24
21.9%
-146.7%
Q2 24
32.7%
-224.4%
Q1 24
34.1%
-207.4%
Net Margin
COLL
COLL
CTEV
CTEV
Q4 25
8.3%
-32.7%
Q3 25
15.0%
-28.4%
Q2 25
6.4%
-25.9%
Q1 25
1.4%
-30.8%
Q4 24
6.9%
-59.4%
Q3 24
5.9%
-169.8%
Q2 24
13.5%
-247.0%
Q1 24
19.1%
-230.1%
EPS (diluted)
COLL
COLL
CTEV
CTEV
Q4 25
$0.48
$-4.88
Q3 25
$0.84
$-4.23
Q2 25
$0.34
$-3.81
Q1 25
$0.07
$-4.38
Q4 24
$0.36
$-8.49
Q3 24
$0.27
$-24.25
Q2 24
$0.52
$-35.78
Q1 24
$0.71
$-33.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COLL
COLL
CTEV
CTEV
Cash + ST InvestmentsLiquidity on hand
$386.7M
$16.8M
Total DebtLower is stronger
$4.6B
Stockholders' EquityBook value
$301.7M
$-173.9M
Total Assets
$1.7B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
CTEV
CTEV
Q4 25
$386.7M
$16.8M
Q3 25
$285.9M
$39.2M
Q2 25
$222.2M
$56.4M
Q1 25
$197.8M
$23.1M
Q4 24
$162.8M
$16.8M
Q3 24
$120.0M
$86.6M
Q2 24
$271.6M
$48.8M
Q1 24
$318.0M
$58.7M
Total Debt
COLL
COLL
CTEV
CTEV
Q4 25
$4.6B
Q3 25
$4.5B
Q2 25
$4.5B
Q1 25
$4.5B
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
Q1 24
$4.5B
Stockholders' Equity
COLL
COLL
CTEV
CTEV
Q4 25
$301.7M
$-173.9M
Q3 25
$274.8M
$-101.8M
Q2 25
$232.2M
$-39.9M
Q1 25
$234.4M
$14.8M
Q4 24
$228.8M
$84.0M
Q3 24
$234.3M
$207.6M
Q2 24
$216.6M
$603.4M
Q1 24
$222.2M
$1.2B
Total Assets
COLL
COLL
CTEV
CTEV
Q4 25
$1.7B
$4.9B
Q3 25
$1.6B
$5.0B
Q2 25
$1.6B
$5.1B
Q1 25
$1.6B
$5.1B
Q4 24
$1.7B
$5.2B
Q3 24
$1.6B
$5.3B
Q2 24
$1.1B
$5.7B
Q1 24
$1.1B
$6.4B
Debt / Equity
COLL
COLL
CTEV
CTEV
Q4 25
Q3 25
Q2 25
Q1 25
304.87×
Q4 24
53.67×
Q3 24
21.73×
Q2 24
7.48×
Q1 24
3.85×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COLL
COLL
CTEV
CTEV
Operating Cash FlowLast quarter
$123.0M
$66.3M
Free Cash FlowOCF − Capex
$122.4M
$36.4M
FCF MarginFCF / Revenue
59.6%
14.8%
Capex IntensityCapex / Revenue
0.3%
12.1%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
CTEV
CTEV
Q4 25
$123.0M
$66.3M
Q3 25
$78.4M
$19.9M
Q2 25
$72.4M
$61.2M
Q1 25
$55.4M
$-30.1M
Q4 24
$84.6M
$-33.4M
Q3 24
$-9.0M
$72.8M
Q2 24
$67.4M
$18.5M
Q1 24
$61.9M
$49.7M
Free Cash Flow
COLL
COLL
CTEV
CTEV
Q4 25
$122.4M
$36.4M
Q3 25
$78.3M
$-16.3M
Q2 25
$72.4M
$36.6M
Q1 25
$54.6M
$-68.9M
Q4 24
$84.1M
$-63.8M
Q3 24
$-9.2M
$41.1M
Q2 24
$67.1M
$-7.0M
Q1 24
$61.4M
$19.2M
FCF Margin
COLL
COLL
CTEV
CTEV
Q4 25
59.6%
14.8%
Q3 25
37.4%
-6.6%
Q2 25
38.5%
15.2%
Q1 25
30.7%
-29.8%
Q4 24
46.2%
-27.5%
Q3 24
-5.8%
17.8%
Q2 24
46.2%
-3.0%
Q1 24
42.3%
8.2%
Capex Intensity
COLL
COLL
CTEV
CTEV
Q4 25
0.3%
12.1%
Q3 25
0.1%
14.7%
Q2 25
0.0%
10.2%
Q1 25
0.4%
16.8%
Q4 24
0.3%
13.1%
Q3 24
0.2%
13.8%
Q2 24
0.2%
10.9%
Q1 24
0.4%
13.0%
Cash Conversion
COLL
COLL
CTEV
CTEV
Q4 25
7.25×
Q3 25
2.49×
Q2 25
6.05×
Q1 25
22.92×
Q4 24
6.75×
Q3 24
-0.96×
Q2 24
3.44×
Q1 24
2.23×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons