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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $143.5M, roughly 1.4× FTAI Infrastructure Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -68.1%, a 76.3% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs 19.1%).
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.
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
COLL vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $205.4M | $143.5M |
| Net Profit | $17.0M | $-97.7M |
| Gross Margin | 62.5% | — |
| Operating Margin | 29.6% | -45.7% |
| Net Margin | 8.3% | -68.1% |
| Revenue YoY | 12.9% | 77.7% |
| Net Profit YoY | 35.3% | 21.6% |
| EPS (diluted) | $0.48 | $-1.04 |
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.
| Q4 25 | $205.4M | $143.5M | ||
| Q3 25 | $209.4M | $140.6M | ||
| Q2 25 | $188.0M | $122.3M | ||
| Q1 25 | $177.8M | $96.2M | ||
| Q4 24 | $181.9M | $80.8M | ||
| Q3 24 | $159.3M | $83.3M | ||
| Q2 24 | $145.3M | $84.9M | ||
| Q1 24 | $144.9M | $82.5M |
| Q4 25 | $17.0M | $-97.7M | ||
| Q3 25 | $31.5M | $-104.5M | ||
| Q2 25 | $12.0M | $-70.0M | ||
| Q1 25 | $2.4M | $120.2M | ||
| Q4 24 | $12.5M | $-124.7M | ||
| Q3 24 | $9.3M | $-43.0M | ||
| Q2 24 | $19.6M | $-48.1M | ||
| Q1 24 | $27.7M | $-50.3M |
| 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% | — |
| Q4 25 | 29.6% | -45.7% | ||
| Q3 25 | 29.7% | -70.8% | ||
| Q2 25 | 18.7% | -56.4% | ||
| Q1 25 | 12.2% | 81.8% | ||
| Q4 24 | 20.9% | -152.7% | ||
| Q3 24 | 21.9% | -51.7% | ||
| Q2 24 | 32.7% | -56.4% | ||
| Q1 24 | 34.1% | -58.8% |
| Q4 25 | 8.3% | -68.1% | ||
| Q3 25 | 15.0% | -74.4% | ||
| Q2 25 | 6.4% | -57.2% | ||
| Q1 25 | 1.4% | 125.0% | ||
| Q4 24 | 6.9% | -154.4% | ||
| Q3 24 | 5.9% | -51.6% | ||
| Q2 24 | 13.5% | -56.7% | ||
| Q1 24 | 19.1% | -60.9% |
| Q4 25 | $0.48 | $-1.04 | ||
| Q3 25 | $0.84 | $-1.38 | ||
| Q2 25 | $0.34 | $-0.73 | ||
| Q1 25 | $0.07 | $0.89 | ||
| Q4 24 | $0.36 | $-1.21 | ||
| Q3 24 | $0.27 | $-0.45 | ||
| Q2 24 | $0.52 | $-0.52 | ||
| Q1 24 | $0.71 | $-0.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $386.7M | $57.4M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $301.7M | $21.3M |
| Total Assets | $1.7B | $5.7B |
| Debt / EquityLower = less leverage | — | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.7M | $57.4M | ||
| Q3 25 | $285.9M | $34.7M | ||
| Q2 25 | $222.2M | $33.6M | ||
| Q1 25 | $197.8M | $26.3M | ||
| Q4 24 | $162.8M | $27.8M | ||
| Q3 24 | $120.0M | $20.3M | ||
| Q2 24 | $271.6M | $33.1M | ||
| Q1 24 | $318.0M | $23.0M |
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $301.7M | $21.3M | ||
| Q3 25 | $274.8M | $181.1M | ||
| Q2 25 | $232.2M | $375.5M | ||
| Q1 25 | $234.4M | $476.2M | ||
| Q4 24 | $228.8M | $202.7M | ||
| Q3 24 | $234.3M | $370.8M | ||
| Q2 24 | $216.6M | $394.8M | ||
| Q1 24 | $222.2M | $402.5M |
| Q4 25 | $1.7B | $5.7B | ||
| Q3 25 | $1.6B | $5.5B | ||
| Q2 25 | $1.6B | $4.4B | ||
| Q1 25 | $1.6B | $4.1B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $1.6B | $2.4B | ||
| Q2 24 | $1.1B | $2.5B | ||
| Q1 24 | $1.1B | $2.3B |
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× | ||
| Q1 24 | — | 3.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $123.0M | $-2.8M |
| Free Cash FlowOCF − Capex | $122.4M | $-68.6M |
| FCF MarginFCF / Revenue | 59.6% | -47.8% |
| Capex IntensityCapex / Revenue | 0.3% | 45.9% |
| Cash ConversionOCF / Net Profit | 7.25× | — |
| TTM Free Cash FlowTrailing 4 quarters | $327.6M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.0M | $-2.8M | ||
| Q3 25 | $78.4M | $-24.4M | ||
| Q2 25 | $72.4M | $-5.2M | ||
| Q1 25 | $55.4M | $-85.7M | ||
| Q4 24 | $84.6M | $-8.1M | ||
| Q3 24 | $-9.0M | $14.2M | ||
| Q2 24 | $67.4M | $-17.6M | ||
| Q1 24 | $61.9M | $-3.9M |
| Q4 25 | $122.4M | $-68.6M | ||
| Q3 25 | $78.3M | $-90.7M | ||
| Q2 25 | $72.4M | $-87.5M | ||
| Q1 25 | $54.6M | $-151.7M | ||
| Q4 24 | $84.1M | $-34.3M | ||
| Q3 24 | $-9.2M | $-11.7M | ||
| Q2 24 | $67.1M | $-32.1M | ||
| Q1 24 | $61.4M | $-16.7M |
| Q4 25 | 59.6% | -47.8% | ||
| Q3 25 | 37.4% | -64.5% | ||
| Q2 25 | 38.5% | -71.6% | ||
| Q1 25 | 30.7% | -157.7% | ||
| Q4 24 | 46.2% | -42.4% | ||
| Q3 24 | -5.8% | -14.0% | ||
| Q2 24 | 46.2% | -37.9% | ||
| Q1 24 | 42.3% | -20.3% |
| Q4 25 | 0.3% | 45.9% | ||
| Q3 25 | 0.1% | 47.2% | ||
| Q2 25 | 0.0% | 67.3% | ||
| Q1 25 | 0.4% | 68.6% | ||
| Q4 24 | 0.3% | 32.5% | ||
| Q3 24 | 0.2% | 31.1% | ||
| Q2 24 | 0.2% | 17.2% | ||
| Q1 24 | 0.4% | 15.6% |
| Q4 25 | 7.25× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 6.05× | — | ||
| Q1 25 | 22.92× | -0.71× | ||
| 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.
Revenue Breakdown by Segment
COLL
Segment breakdown not available.
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
