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

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $205.4M, roughly 1.5× COLLEGIUM PHARMACEUTICAL, INC). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 8.3%, a 4.7% gap on every dollar of revenue. Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 0.6%).

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.

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

COLL vs HTH — Head-to-Head

Bigger by revenue
HTH
HTH
1.5× larger
HTH
$300.5M
$205.4M
COLL
Higher net margin
HTH
HTH
4.7% more per $
HTH
13.0%
8.3%
COLL
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
0.6%
HTH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COLL
COLL
HTH
HTH
Revenue
$205.4M
$300.5M
Net Profit
$17.0M
$39.0M
Gross Margin
62.5%
Operating Margin
29.6%
Net Margin
8.3%
13.0%
Revenue YoY
12.9%
Net Profit YoY
35.3%
-12.4%
EPS (diluted)
$0.48
$0.64

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
HTH
HTH
Q1 26
$300.5M
Q4 25
$205.4M
$329.9M
Q3 25
$209.4M
$330.2M
Q2 25
$188.0M
$303.3M
Q1 25
$177.8M
$318.5M
Q4 24
$181.9M
$301.1M
Q3 24
$159.3M
$305.5M
Q2 24
$145.3M
$297.0M
Net Profit
COLL
COLL
HTH
HTH
Q1 26
$39.0M
Q4 25
$17.0M
$41.6M
Q3 25
$31.5M
$45.8M
Q2 25
$12.0M
$36.1M
Q1 25
$2.4M
$42.1M
Q4 24
$12.5M
$35.5M
Q3 24
$9.3M
$29.7M
Q2 24
$19.6M
$20.3M
Gross Margin
COLL
COLL
HTH
HTH
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
HTH
HTH
Q1 26
Q4 25
29.6%
16.1%
Q3 25
29.7%
18.4%
Q2 25
18.7%
16.3%
Q1 25
12.2%
18.1%
Q4 24
20.9%
14.7%
Q3 24
21.9%
13.9%
Q2 24
32.7%
10.0%
Net Margin
COLL
COLL
HTH
HTH
Q1 26
13.0%
Q4 25
8.3%
12.6%
Q3 25
15.0%
13.9%
Q2 25
6.4%
11.9%
Q1 25
1.4%
13.2%
Q4 24
6.9%
11.8%
Q3 24
5.9%
9.7%
Q2 24
13.5%
6.8%
EPS (diluted)
COLL
COLL
HTH
HTH
Q1 26
$0.64
Q4 25
$0.48
$0.68
Q3 25
$0.84
$0.74
Q2 25
$0.34
$0.57
Q1 25
$0.07
$0.65
Q4 24
$0.36
$0.55
Q3 24
$0.27
$0.46
Q2 24
$0.52
$0.31

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
HTH
HTH
Cash + ST InvestmentsLiquidity on hand
$386.7M
Total DebtLower is stronger
$990.8M
Stockholders' EquityBook value
$301.7M
$2.2B
Total Assets
$1.7B
$15.7B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
HTH
HTH
Q1 26
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
Total Debt
COLL
COLL
HTH
HTH
Q1 26
$990.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
COLL
COLL
HTH
HTH
Q1 26
$2.2B
Q4 25
$301.7M
$2.2B
Q3 25
$274.8M
$2.2B
Q2 25
$232.2M
$2.2B
Q1 25
$234.4M
$2.2B
Q4 24
$228.8M
$2.2B
Q3 24
$234.3M
$2.2B
Q2 24
$216.6M
$2.1B
Total Assets
COLL
COLL
HTH
HTH
Q1 26
$15.7B
Q4 25
$1.7B
$15.8B
Q3 25
$1.6B
$15.6B
Q2 25
$1.6B
$15.4B
Q1 25
$1.6B
$15.8B
Q4 24
$1.7B
$16.3B
Q3 24
$1.6B
$15.9B
Q2 24
$1.1B
$15.6B
Debt / Equity
COLL
COLL
HTH
HTH
Q1 26
0.46×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
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
HTH
HTH
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
HTH
HTH
Q1 26
Q4 25
$123.0M
$-38.7M
Q3 25
$78.4M
$273.0M
Q2 25
$72.4M
$-234.6M
Q1 25
$55.4M
$5.8M
Q4 24
$84.6M
$273.9M
Q3 24
$-9.0M
$515.6M
Q2 24
$67.4M
$-435.3M
Free Cash Flow
COLL
COLL
HTH
HTH
Q1 26
Q4 25
$122.4M
$-55.5M
Q3 25
$78.3M
$271.0M
Q2 25
$72.4M
$-234.6M
Q1 25
$54.6M
$5.0M
Q4 24
$84.1M
$266.8M
Q3 24
$-9.2M
$513.8M
Q2 24
$67.1M
$-437.3M
FCF Margin
COLL
COLL
HTH
HTH
Q1 26
Q4 25
59.6%
-16.8%
Q3 25
37.4%
82.1%
Q2 25
38.5%
-77.4%
Q1 25
30.7%
1.6%
Q4 24
46.2%
88.6%
Q3 24
-5.8%
168.2%
Q2 24
46.2%
-147.2%
Capex Intensity
COLL
COLL
HTH
HTH
Q1 26
Q4 25
0.3%
5.1%
Q3 25
0.1%
0.6%
Q2 25
0.0%
0.0%
Q1 25
0.4%
0.3%
Q4 24
0.3%
2.4%
Q3 24
0.2%
0.6%
Q2 24
0.2%
0.7%
Cash Conversion
COLL
COLL
HTH
HTH
Q1 26
Q4 25
7.25×
-0.93×
Q3 25
2.49×
5.96×
Q2 25
6.05×
-6.50×
Q1 25
22.92×
0.14×
Q4 24
6.75×
7.71×
Q3 24
-0.96×
17.36×
Q2 24
3.44×
-21.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLL
COLL

Segment breakdown not available.

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

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