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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $205.4M, roughly 1.5× COLLEGIUM PHARMACEUTICAL, INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 8.3%, a 26.5% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 12.9%). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 13.7%).

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.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

COLL vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.5× larger
FIBK
$313.0M
$205.4M
COLL
Growing faster (revenue YoY)
FIBK
FIBK
+6.9% gap
FIBK
19.8%
12.9%
COLL
Higher net margin
FIBK
FIBK
26.5% more per $
FIBK
34.8%
8.3%
COLL
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
13.7%
FIBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
FIBK
FIBK
Revenue
$205.4M
$313.0M
Net Profit
$17.0M
$108.8M
Gross Margin
62.5%
Operating Margin
29.6%
44.5%
Net Margin
8.3%
34.8%
Revenue YoY
12.9%
19.8%
Net Profit YoY
35.3%
108.8%
EPS (diluted)
$0.48
$1.07

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
FIBK
FIBK
Q4 25
$205.4M
$313.0M
Q3 25
$209.4M
$250.5M
Q2 25
$188.0M
$248.3M
Q1 25
$177.8M
$247.0M
Q4 24
$181.9M
$261.3M
Q3 24
$159.3M
$251.9M
Q2 24
$145.3M
$244.3M
Q1 24
$144.9M
$242.2M
Net Profit
COLL
COLL
FIBK
FIBK
Q4 25
$17.0M
$108.8M
Q3 25
$31.5M
$71.4M
Q2 25
$12.0M
$71.7M
Q1 25
$2.4M
$50.2M
Q4 24
$12.5M
$52.1M
Q3 24
$9.3M
$55.5M
Q2 24
$19.6M
$60.0M
Q1 24
$27.7M
$58.4M
Gross Margin
COLL
COLL
FIBK
FIBK
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
FIBK
FIBK
Q4 25
29.6%
44.5%
Q3 25
29.7%
37.0%
Q2 25
18.7%
37.7%
Q1 25
12.2%
26.9%
Q4 24
20.9%
25.5%
Q3 24
21.9%
28.9%
Q2 24
32.7%
32.1%
Q1 24
34.1%
31.7%
Net Margin
COLL
COLL
FIBK
FIBK
Q4 25
8.3%
34.8%
Q3 25
15.0%
28.5%
Q2 25
6.4%
28.9%
Q1 25
1.4%
20.3%
Q4 24
6.9%
19.9%
Q3 24
5.9%
22.0%
Q2 24
13.5%
24.6%
Q1 24
19.1%
24.1%
EPS (diluted)
COLL
COLL
FIBK
FIBK
Q4 25
$0.48
$1.07
Q3 25
$0.84
$0.69
Q2 25
$0.34
$0.69
Q1 25
$0.07
$0.49
Q4 24
$0.36
$0.50
Q3 24
$0.27
$0.54
Q2 24
$0.52
$0.58
Q1 24
$0.71
$0.57

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$386.7M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$301.7M
$3.4B
Total Assets
$1.7B
$26.6B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
FIBK
FIBK
Q4 25
$386.7M
Q3 25
$285.9M
Q2 25
$222.2M
Q1 25
$197.8M
Q4 24
$162.8M
Q3 24
$120.0M
Q2 24
$271.6M
Q1 24
$318.0M
Total Debt
COLL
COLL
FIBK
FIBK
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Q1 24
$370.8M
Stockholders' Equity
COLL
COLL
FIBK
FIBK
Q4 25
$301.7M
$3.4B
Q3 25
$274.8M
$3.4B
Q2 25
$232.2M
$3.4B
Q1 25
$234.4M
$3.4B
Q4 24
$228.8M
$3.3B
Q3 24
$234.3M
$3.4B
Q2 24
$216.6M
$3.2B
Q1 24
$222.2M
$3.2B
Total Assets
COLL
COLL
FIBK
FIBK
Q4 25
$1.7B
$26.6B
Q3 25
$1.6B
$27.3B
Q2 25
$1.6B
$27.6B
Q1 25
$1.6B
$28.3B
Q4 24
$1.7B
$29.1B
Q3 24
$1.6B
$29.6B
Q2 24
$1.1B
$30.3B
Q1 24
$1.1B
$30.1B
Debt / Equity
COLL
COLL
FIBK
FIBK
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×
Q1 24
0.12×

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
FIBK
FIBK
Operating Cash FlowLast quarter
$123.0M
$305.6M
Free Cash FlowOCF − Capex
$122.4M
FCF MarginFCF / Revenue
59.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
7.25×
2.81×
TTM Free Cash FlowTrailing 4 quarters
$327.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
FIBK
FIBK
Q4 25
$123.0M
$305.6M
Q3 25
$78.4M
$91.7M
Q2 25
$72.4M
$68.1M
Q1 25
$55.4M
$78.5M
Q4 24
$84.6M
$355.0M
Q3 24
$-9.0M
$89.9M
Q2 24
$67.4M
$82.3M
Q1 24
$61.9M
$87.6M
Free Cash Flow
COLL
COLL
FIBK
FIBK
Q4 25
$122.4M
Q3 25
$78.3M
Q2 25
$72.4M
Q1 25
$54.6M
Q4 24
$84.1M
Q3 24
$-9.2M
Q2 24
$67.1M
Q1 24
$61.4M
FCF Margin
COLL
COLL
FIBK
FIBK
Q4 25
59.6%
Q3 25
37.4%
Q2 25
38.5%
Q1 25
30.7%
Q4 24
46.2%
Q3 24
-5.8%
Q2 24
46.2%
Q1 24
42.3%
Capex Intensity
COLL
COLL
FIBK
FIBK
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.2%
Q1 24
0.4%
Cash Conversion
COLL
COLL
FIBK
FIBK
Q4 25
7.25×
2.81×
Q3 25
2.49×
1.28×
Q2 25
6.05×
0.95×
Q1 25
22.92×
1.56×
Q4 24
6.75×
6.81×
Q3 24
-0.96×
1.62×
Q2 24
3.44×
1.37×
Q1 24
2.23×
1.50×

Financial Flow Comparison

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

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