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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -46.8%, a 55.1% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs 12.9%). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 4.2%).
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.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
COLL vs HASI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $205.4M | $114.8M |
| Net Profit | $17.0M | $-53.8M |
| Gross Margin | 62.5% | — |
| Operating Margin | 29.6% | -57.4% |
| Net Margin | 8.3% | -46.8% |
| Revenue YoY | 12.9% | 13.3% |
| Net Profit YoY | 35.3% | -176.7% |
| EPS (diluted) | $0.48 | $-0.38 |
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 | $114.8M | ||
| Q3 25 | $209.4M | $103.1M | ||
| Q2 25 | $188.0M | $85.7M | ||
| Q1 25 | $177.8M | $96.9M | ||
| Q4 24 | $181.9M | $101.3M | ||
| Q3 24 | $159.3M | $82.0M | ||
| Q2 24 | $145.3M | $94.5M | ||
| Q1 24 | $144.9M | $105.8M |
| Q4 25 | $17.0M | $-53.8M | ||
| Q3 25 | $31.5M | $83.3M | ||
| Q2 25 | $12.0M | $98.4M | ||
| Q1 25 | $2.4M | $56.6M | ||
| Q4 24 | $12.5M | $70.1M | ||
| Q3 24 | $9.3M | $-19.6M | ||
| Q2 24 | $19.6M | $26.5M | ||
| Q1 24 | $27.7M | $123.0M |
| 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% | -57.4% | ||
| Q3 25 | 29.7% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 12.2% | 84.7% | ||
| Q4 24 | 20.9% | 90.9% | ||
| Q3 24 | 21.9% | -32.1% | ||
| Q2 24 | 32.7% | 39.5% | ||
| Q1 24 | 34.1% | — |
| Q4 25 | 8.3% | -46.8% | ||
| Q3 25 | 15.0% | 80.8% | ||
| Q2 25 | 6.4% | 114.9% | ||
| Q1 25 | 1.4% | 58.4% | ||
| Q4 24 | 6.9% | 69.2% | ||
| Q3 24 | 5.9% | -23.9% | ||
| Q2 24 | 13.5% | 28.1% | ||
| Q1 24 | 19.1% | 116.3% |
| Q4 25 | $0.48 | $-0.38 | ||
| Q3 25 | $0.84 | $0.61 | ||
| Q2 25 | $0.34 | $0.74 | ||
| Q1 25 | $0.07 | $0.44 | ||
| Q4 24 | $0.36 | $0.58 | ||
| Q3 24 | $0.27 | $-0.17 | ||
| Q2 24 | $0.52 | $0.23 | ||
| Q1 24 | $0.71 | $0.98 |
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 | $110.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $301.7M | $2.7B |
| Total Assets | $1.7B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $386.7M | $110.2M | ||
| Q3 25 | $285.9M | $301.8M | ||
| Q2 25 | $222.2M | $86.5M | ||
| Q1 25 | $197.8M | $67.4M | ||
| Q4 24 | $162.8M | $129.8M | ||
| Q3 24 | $120.0M | $44.1M | ||
| Q2 24 | $271.6M | $145.7M | ||
| Q1 24 | $318.0M | $61.4M |
| Q4 25 | $301.7M | $2.7B | ||
| Q3 25 | $274.8M | $2.7B | ||
| Q2 25 | $232.2M | $2.6B | ||
| Q1 25 | $234.4M | $2.5B | ||
| Q4 24 | $228.8M | $2.4B | ||
| Q3 24 | $234.3M | $2.3B | ||
| Q2 24 | $216.6M | $2.3B | ||
| Q1 24 | $222.2M | $2.3B |
| Q4 25 | $1.7B | $8.2B | ||
| Q3 25 | $1.6B | $8.2B | ||
| Q2 25 | $1.6B | $7.6B | ||
| Q1 25 | $1.6B | $7.5B | ||
| Q4 24 | $1.7B | $7.1B | ||
| Q3 24 | $1.6B | $6.7B | ||
| Q2 24 | $1.1B | $6.7B | ||
| Q1 24 | $1.1B | $6.7B |
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 | $167.3M |
| 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.
| Q4 25 | $123.0M | $167.3M | ||
| Q3 25 | $78.4M | $-121.8M | ||
| Q2 25 | $72.4M | $79.6M | ||
| Q1 25 | $55.4M | $-37.1M | ||
| Q4 24 | $84.6M | $5.9M | ||
| Q3 24 | $-9.0M | $21.9M | ||
| Q2 24 | $67.4M | $-24.8M | ||
| Q1 24 | $61.9M | $20.9M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 7.25× | — | ||
| Q3 25 | 2.49× | -1.46× | ||
| Q2 25 | 6.05× | 0.81× | ||
| Q1 25 | 22.92× | -0.66× | ||
| Q4 24 | 6.75× | 0.08× | ||
| Q3 24 | -0.96× | — | ||
| Q2 24 | 3.44× | -0.94× | ||
| Q1 24 | 2.23× | 0.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
