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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Federal Realty Investment Trust (FRT). Click either name above to swap in a different company.

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $205.4M, roughly 1.6× COLLEGIUM PHARMACEUTICAL, INC). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 8.3%, a 30.4% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs 8.7%). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 6.5%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

COLL vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.6× larger
FRT
$336.0M
$205.4M
COLL
Growing faster (revenue YoY)
COLL
COLL
+4.2% gap
COLL
12.9%
8.7%
FRT
Higher net margin
FRT
FRT
30.4% more per $
FRT
38.6%
8.3%
COLL
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
6.5%
FRT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COLL
COLL
FRT
FRT
Revenue
$205.4M
$336.0M
Net Profit
$17.0M
$129.7M
Gross Margin
62.5%
Operating Margin
29.6%
53.8%
Net Margin
8.3%
38.6%
Revenue YoY
12.9%
8.7%
Net Profit YoY
35.3%
103.5%
EPS (diluted)
$0.48
$1.49

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
FRT
FRT
Q1 26
$336.0M
Q4 25
$205.4M
$336.0M
Q3 25
$209.4M
$322.3M
Q2 25
$188.0M
$311.5M
Q1 25
$177.8M
$309.2M
Q4 24
$181.9M
$311.4M
Q3 24
$159.3M
$303.6M
Q2 24
$145.3M
$296.1M
Net Profit
COLL
COLL
FRT
FRT
Q1 26
$129.7M
Q4 25
$17.0M
$129.7M
Q3 25
$31.5M
$61.6M
Q2 25
$12.0M
$155.9M
Q1 25
$2.4M
$63.8M
Q4 24
$12.5M
$65.5M
Q3 24
$9.3M
$61.0M
Q2 24
$19.6M
$112.0M
Gross Margin
COLL
COLL
FRT
FRT
Q1 26
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%
Operating Margin
COLL
COLL
FRT
FRT
Q1 26
53.8%
Q4 25
29.6%
53.8%
Q3 25
29.7%
34.3%
Q2 25
18.7%
65.1%
Q1 25
12.2%
35.0%
Q4 24
20.9%
35.1%
Q3 24
21.9%
34.9%
Q2 24
32.7%
53.0%
Net Margin
COLL
COLL
FRT
FRT
Q1 26
38.6%
Q4 25
8.3%
38.6%
Q3 25
15.0%
19.1%
Q2 25
6.4%
50.0%
Q1 25
1.4%
20.6%
Q4 24
6.9%
21.0%
Q3 24
5.9%
20.1%
Q2 24
13.5%
37.8%
EPS (diluted)
COLL
COLL
FRT
FRT
Q1 26
$1.49
Q4 25
$0.48
$1.49
Q3 25
$0.84
$0.69
Q2 25
$0.34
$1.78
Q1 25
$0.07
$0.72
Q4 24
$0.36
$0.74
Q3 24
$0.27
$0.70
Q2 24
$0.52
$1.32

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$386.7M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$301.7M
$3.2B
Total Assets
$1.7B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
FRT
FRT
Q1 26
$107.4M
Q4 25
$386.7M
$107.4M
Q3 25
$285.9M
$111.3M
Q2 25
$222.2M
$177.0M
Q1 25
$197.8M
$109.2M
Q4 24
$162.8M
$123.4M
Q3 24
$120.0M
$97.0M
Q2 24
$271.6M
$103.2M
Total Debt
COLL
COLL
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
COLL
COLL
FRT
FRT
Q1 26
$3.2B
Q4 25
$301.7M
$3.2B
Q3 25
$274.8M
$3.2B
Q2 25
$232.2M
$3.2B
Q1 25
$234.4M
$3.2B
Q4 24
$228.8M
$3.2B
Q3 24
$234.3M
$3.1B
Q2 24
$216.6M
$3.0B
Total Assets
COLL
COLL
FRT
FRT
Q1 26
$9.1B
Q4 25
$1.7B
$9.1B
Q3 25
$1.6B
$8.9B
Q2 25
$1.6B
$8.6B
Q1 25
$1.6B
$8.6B
Q4 24
$1.7B
$8.5B
Q3 24
$1.6B
$8.5B
Q2 24
$1.1B
$8.4B
Debt / Equity
COLL
COLL
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

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
FRT
FRT
Operating Cash FlowLast quarter
$123.0M
Free Cash FlowOCF − Capex
$122.4M
FCF MarginFCF / Revenue
59.6%
Capex IntensityCapex / Revenue
0.3%
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
FRT
FRT
Q1 26
Q4 25
$123.0M
$622.4M
Q3 25
$78.4M
$147.8M
Q2 25
$72.4M
$150.7M
Q1 25
$55.4M
$179.0M
Q4 24
$84.6M
$574.6M
Q3 24
$-9.0M
$144.1M
Q2 24
$67.4M
$169.7M
Free Cash Flow
COLL
COLL
FRT
FRT
Q1 26
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
FCF Margin
COLL
COLL
FRT
FRT
Q1 26
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%
Capex Intensity
COLL
COLL
FRT
FRT
Q1 26
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%
Cash Conversion
COLL
COLL
FRT
FRT
Q1 26
Q4 25
7.25×
4.80×
Q3 25
2.49×
2.40×
Q2 25
6.05×
0.97×
Q1 25
22.92×
2.81×
Q4 24
6.75×
8.77×
Q3 24
-0.96×
2.36×
Q2 24
3.44×
1.52×

Financial Flow Comparison

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

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