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

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $125.2M, roughly 1.6× IMAX CORP). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 0.5%, a 7.7% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $28.0M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.

IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.

COLL vs IMAX — Head-to-Head

Bigger by revenue
COLL
COLL
1.6× larger
COLL
$205.4M
$125.2M
IMAX
Growing faster (revenue YoY)
IMAX
IMAX
+22.2% gap
IMAX
35.1%
12.9%
COLL
Higher net margin
COLL
COLL
7.7% more per $
COLL
8.3%
0.5%
IMAX
More free cash flow
COLL
COLL
$94.4M more FCF
COLL
$122.4M
$28.0M
IMAX
Faster 2-yr revenue CAGR
IMAX
IMAX
Annualised
IMAX
25.8%
19.1%
COLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
IMAX
IMAX
Revenue
$205.4M
$125.2M
Net Profit
$17.0M
$637.0K
Gross Margin
62.5%
57.6%
Operating Margin
29.6%
19.3%
Net Margin
8.3%
0.5%
Revenue YoY
12.9%
35.1%
Net Profit YoY
35.3%
-88.0%
EPS (diluted)
$0.48
$0.02

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
IMAX
IMAX
Q4 25
$205.4M
$125.2M
Q3 25
$209.4M
$106.7M
Q2 25
$188.0M
$91.7M
Q1 25
$177.8M
$86.7M
Q4 24
$181.9M
$92.7M
Q3 24
$159.3M
$91.5M
Q2 24
$145.3M
$89.0M
Q1 24
$144.9M
$79.1M
Net Profit
COLL
COLL
IMAX
IMAX
Q4 25
$17.0M
$637.0K
Q3 25
$31.5M
$20.7M
Q2 25
$12.0M
$11.3M
Q1 25
$2.4M
$2.3M
Q4 24
$12.5M
$5.3M
Q3 24
$9.3M
$13.9M
Q2 24
$19.6M
$3.6M
Q1 24
$27.7M
$3.3M
Gross Margin
COLL
COLL
IMAX
IMAX
Q4 25
62.5%
57.6%
Q3 25
61.7%
63.1%
Q2 25
57.7%
58.5%
Q1 25
54.8%
61.4%
Q4 24
54.0%
52.2%
Q3 24
60.8%
55.8%
Q2 24
62.5%
49.4%
Q1 24
63.1%
59.3%
Operating Margin
COLL
COLL
IMAX
IMAX
Q4 25
29.6%
19.3%
Q3 25
29.7%
27.2%
Q2 25
18.7%
15.6%
Q1 25
12.2%
19.3%
Q4 24
20.9%
10.3%
Q3 24
21.9%
21.2%
Q2 24
32.7%
3.2%
Q1 24
34.1%
15.3%
Net Margin
COLL
COLL
IMAX
IMAX
Q4 25
8.3%
0.5%
Q3 25
15.0%
19.4%
Q2 25
6.4%
12.3%
Q1 25
1.4%
2.7%
Q4 24
6.9%
5.7%
Q3 24
5.9%
15.2%
Q2 24
13.5%
4.0%
Q1 24
19.1%
4.1%
EPS (diluted)
COLL
COLL
IMAX
IMAX
Q4 25
$0.48
$0.02
Q3 25
$0.84
$0.37
Q2 25
$0.34
$0.20
Q1 25
$0.07
$0.04
Q4 24
$0.36
$0.09
Q3 24
$0.27
$0.26
Q2 24
$0.52
$0.07
Q1 24
$0.71
$0.06

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
IMAX
IMAX
Cash + ST InvestmentsLiquidity on hand
$386.7M
$151.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$337.9M
Total Assets
$1.7B
$894.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
IMAX
IMAX
Q4 25
$386.7M
$151.2M
Q3 25
$285.9M
$143.1M
Q2 25
$222.2M
$109.3M
Q1 25
$197.8M
$97.1M
Q4 24
$162.8M
$100.6M
Q3 24
$120.0M
$104.5M
Q2 24
$271.6M
$91.6M
Q1 24
$318.0M
$81.0M
Stockholders' Equity
COLL
COLL
IMAX
IMAX
Q4 25
$301.7M
$337.9M
Q3 25
$274.8M
$349.5M
Q2 25
$232.2M
$320.4M
Q1 25
$234.4M
$299.5M
Q4 24
$228.8M
$299.5M
Q3 24
$234.3M
$289.4M
Q2 24
$216.6M
$267.2M
Q1 24
$222.2M
$258.8M
Total Assets
COLL
COLL
IMAX
IMAX
Q4 25
$1.7B
$894.0M
Q3 25
$1.6B
$889.6M
Q2 25
$1.6B
$868.6M
Q1 25
$1.6B
$848.3M
Q4 24
$1.7B
$830.4M
Q3 24
$1.6B
$847.6M
Q2 24
$1.1B
$827.4M
Q1 24
$1.1B
$824.1M

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
IMAX
IMAX
Operating Cash FlowLast quarter
$123.0M
$29.4M
Free Cash FlowOCF − Capex
$122.4M
$28.0M
FCF MarginFCF / Revenue
59.6%
22.3%
Capex IntensityCapex / Revenue
0.3%
1.1%
Cash ConversionOCF / Net Profit
7.25×
46.11×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$118.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
IMAX
IMAX
Q4 25
$123.0M
$29.4M
Q3 25
$78.4M
$67.5M
Q2 25
$72.4M
$23.2M
Q1 25
$55.4M
$7.0M
Q4 24
$84.6M
$11.5M
Q3 24
$-9.0M
$35.3M
Q2 24
$67.4M
$35.0M
Q1 24
$61.9M
$-11.0M
Free Cash Flow
COLL
COLL
IMAX
IMAX
Q4 25
$122.4M
$28.0M
Q3 25
$78.3M
$64.8M
Q2 25
$72.4M
$20.9M
Q1 25
$54.6M
$5.3M
Q4 24
$84.1M
$6.9M
Q3 24
$-9.2M
$34.2M
Q2 24
$67.1M
$33.5M
Q1 24
$61.4M
$-12.1M
FCF Margin
COLL
COLL
IMAX
IMAX
Q4 25
59.6%
22.3%
Q3 25
37.4%
60.7%
Q2 25
38.5%
22.8%
Q1 25
30.7%
6.1%
Q4 24
46.2%
7.4%
Q3 24
-5.8%
37.3%
Q2 24
46.2%
37.6%
Q1 24
42.3%
-15.3%
Capex Intensity
COLL
COLL
IMAX
IMAX
Q4 25
0.3%
1.1%
Q3 25
0.1%
2.6%
Q2 25
0.0%
2.6%
Q1 25
0.4%
1.9%
Q4 24
0.3%
5.0%
Q3 24
0.2%
1.2%
Q2 24
0.2%
1.8%
Q1 24
0.4%
1.4%
Cash Conversion
COLL
COLL
IMAX
IMAX
Q4 25
7.25×
46.11×
Q3 25
2.49×
3.27×
Q2 25
6.05×
2.06×
Q1 25
22.92×
2.99×
Q4 24
6.75×
2.16×
Q3 24
-0.96×
2.54×
Q2 24
3.44×
9.78×
Q1 24
2.23×
-3.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLL
COLL

Segment breakdown not available.

IMAX
IMAX

Technology Sales$46.6M37%
Image Enhancement And Maintenance Services$38.1M30%
Joint Revenue Sharing Arrangement$20.4M16%
Maintenance$16.3M13%
Finance Income$2.8M2%
Other Content Solutions$1.6M1%

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