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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and ECARX Holdings Inc. (ECX). Click either name above to swap in a different company.

ECARX Holdings Inc. is the larger business by last-quarter revenue ($323.3M vs $205.4M, roughly 1.6× COLLEGIUM PHARMACEUTICAL, INC). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -21.4%, a 29.6% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs 6.5%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-86.5M).

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.

ECARX Holdings Inc. is a global mobility technology provider specializing in integrated smart vehicle solutions, including in-vehicle infotainment systems, advanced driver assistance technologies, and connected car cloud services. It primarily partners with automotive manufacturers across the world, with a strong operational presence in the Chinese and European markets.

COLL vs ECX — Head-to-Head

Bigger by revenue
ECX
ECX
1.6× larger
ECX
$323.3M
$205.4M
COLL
Growing faster (revenue YoY)
COLL
COLL
+6.4% gap
COLL
12.9%
6.5%
ECX
Higher net margin
COLL
COLL
29.6% more per $
COLL
8.3%
-21.4%
ECX
More free cash flow
COLL
COLL
$208.8M more FCF
COLL
$122.4M
$-86.5M
ECX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
COLL
COLL
ECX
ECX
Revenue
$205.4M
$323.3M
Net Profit
$17.0M
$-69.1M
Gross Margin
62.5%
15.5%
Operating Margin
29.6%
-20.2%
Net Margin
8.3%
-21.4%
Revenue YoY
12.9%
6.5%
Net Profit YoY
35.3%
12.8%
EPS (diluted)
$0.48
$-0.20

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
ECX
ECX
Q4 25
$205.4M
Q3 25
$209.4M
Q2 25
$188.0M
$323.3M
Q1 25
$177.8M
Q4 24
$181.9M
Q3 24
$159.3M
Q2 24
$145.3M
$303.5M
Q1 24
$144.9M
Net Profit
COLL
COLL
ECX
ECX
Q4 25
$17.0M
Q3 25
$31.5M
Q2 25
$12.0M
$-69.1M
Q1 25
$2.4M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$19.6M
$-79.2M
Q1 24
$27.7M
Gross Margin
COLL
COLL
ECX
ECX
Q4 25
62.5%
Q3 25
61.7%
Q2 25
57.7%
15.5%
Q1 25
54.8%
Q4 24
54.0%
Q3 24
60.8%
Q2 24
62.5%
22.6%
Q1 24
63.1%
Operating Margin
COLL
COLL
ECX
ECX
Q4 25
29.6%
Q3 25
29.7%
Q2 25
18.7%
-20.2%
Q1 25
12.2%
Q4 24
20.9%
Q3 24
21.9%
Q2 24
32.7%
-22.2%
Q1 24
34.1%
Net Margin
COLL
COLL
ECX
ECX
Q4 25
8.3%
Q3 25
15.0%
Q2 25
6.4%
-21.4%
Q1 25
1.4%
Q4 24
6.9%
Q3 24
5.9%
Q2 24
13.5%
-26.1%
Q1 24
19.1%
EPS (diluted)
COLL
COLL
ECX
ECX
Q4 25
$0.48
Q3 25
$0.84
Q2 25
$0.34
$-0.20
Q1 25
$0.07
Q4 24
$0.36
Q3 24
$0.27
Q2 24
$0.52
$-0.23
Q1 24
$0.71

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
ECX
ECX
Cash + ST InvestmentsLiquidity on hand
$386.7M
$86.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$-293.7M
Total Assets
$1.7B
$494.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
ECX
ECX
Q4 25
$386.7M
Q3 25
$285.9M
Q2 25
$222.2M
$86.2M
Q1 25
$197.8M
Q4 24
$162.8M
Q3 24
$120.0M
Q2 24
$271.6M
$108.4M
Q1 24
$318.0M
Stockholders' Equity
COLL
COLL
ECX
ECX
Q4 25
$301.7M
Q3 25
$274.8M
Q2 25
$232.2M
$-293.7M
Q1 25
$234.4M
Q4 24
$228.8M
Q3 24
$234.3M
Q2 24
$216.6M
$-198.5M
Q1 24
$222.2M
Total Assets
COLL
COLL
ECX
ECX
Q4 25
$1.7B
Q3 25
$1.6B
Q2 25
$1.6B
$494.9M
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.1B
$555.0M
Q1 24
$1.1B

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
ECX
ECX
Operating Cash FlowLast quarter
$123.0M
$-82.0M
Free Cash FlowOCF − Capex
$122.4M
$-86.5M
FCF MarginFCF / Revenue
59.6%
-26.7%
Capex IntensityCapex / Revenue
0.3%
1.4%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
ECX
ECX
Q4 25
$123.0M
Q3 25
$78.4M
Q2 25
$72.4M
$-82.0M
Q1 25
$55.4M
Q4 24
$84.6M
Q3 24
$-9.0M
Q2 24
$67.4M
$-57.1M
Q1 24
$61.9M
Free Cash Flow
COLL
COLL
ECX
ECX
Q4 25
$122.4M
Q3 25
$78.3M
Q2 25
$72.4M
$-86.5M
Q1 25
$54.6M
Q4 24
$84.1M
Q3 24
$-9.2M
Q2 24
$67.1M
$-64.9M
Q1 24
$61.4M
FCF Margin
COLL
COLL
ECX
ECX
Q4 25
59.6%
Q3 25
37.4%
Q2 25
38.5%
-26.7%
Q1 25
30.7%
Q4 24
46.2%
Q3 24
-5.8%
Q2 24
46.2%
-21.4%
Q1 24
42.3%
Capex Intensity
COLL
COLL
ECX
ECX
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.0%
1.4%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.2%
2.6%
Q1 24
0.4%
Cash Conversion
COLL
COLL
ECX
ECX
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.

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