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

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $122.1M, roughly 1.7× NOODLES & Co). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -7.5%, a 15.8% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs -4.1%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-2.8M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs -1.2%).

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.

Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.

COLL vs NDLS — Head-to-Head

Bigger by revenue
COLL
COLL
1.7× larger
COLL
$205.4M
$122.1M
NDLS
Growing faster (revenue YoY)
COLL
COLL
+17.1% gap
COLL
12.9%
-4.1%
NDLS
Higher net margin
COLL
COLL
15.8% more per $
COLL
8.3%
-7.5%
NDLS
More free cash flow
COLL
COLL
$125.2M more FCF
COLL
$122.4M
$-2.8M
NDLS
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
-1.2%
NDLS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
COLL
COLL
NDLS
NDLS
Revenue
$205.4M
$122.1M
Net Profit
$17.0M
$-9.2M
Gross Margin
62.5%
Operating Margin
29.6%
-5.2%
Net Margin
8.3%
-7.5%
Revenue YoY
12.9%
-4.1%
Net Profit YoY
35.3%
32.8%
EPS (diluted)
$0.48
$-0.20

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
NDLS
NDLS
Q4 25
$205.4M
Q3 25
$209.4M
$122.1M
Q2 25
$188.0M
$123.8M
Q1 25
$177.8M
Q4 24
$181.9M
$122.8M
Q3 24
$159.3M
$127.4M
Q2 24
$145.3M
$121.4M
Q1 24
$144.9M
$124.3M
Net Profit
COLL
COLL
NDLS
NDLS
Q4 25
$17.0M
Q3 25
$31.5M
$-9.2M
Q2 25
$12.0M
$-9.1M
Q1 25
$2.4M
Q4 24
$12.5M
$-6.8M
Q3 24
$9.3M
$-13.6M
Q2 24
$19.6M
$-6.1M
Q1 24
$27.7M
$-6.1M
Gross Margin
COLL
COLL
NDLS
NDLS
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%
Operating Margin
COLL
COLL
NDLS
NDLS
Q4 25
29.6%
Q3 25
29.7%
-5.2%
Q2 25
18.7%
-5.2%
Q1 25
12.2%
Q4 24
20.9%
-3.9%
Q3 24
21.9%
-9.0%
Q2 24
32.7%
-3.4%
Q1 24
34.1%
-3.7%
Net Margin
COLL
COLL
NDLS
NDLS
Q4 25
8.3%
Q3 25
15.0%
-7.5%
Q2 25
6.4%
-7.3%
Q1 25
1.4%
Q4 24
6.9%
-5.5%
Q3 24
5.9%
-10.7%
Q2 24
13.5%
-5.1%
Q1 24
19.1%
-4.9%
EPS (diluted)
COLL
COLL
NDLS
NDLS
Q4 25
$0.48
Q3 25
$0.84
$-0.20
Q2 25
$0.34
$-0.20
Q1 25
$0.07
Q4 24
$0.36
$-0.15
Q3 24
$0.27
$-0.30
Q2 24
$0.52
$-0.14
Q1 24
$0.71
$-1.64

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
NDLS
NDLS
Cash + ST InvestmentsLiquidity on hand
$386.7M
$4.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$-38.9M
Total Assets
$1.7B
$280.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
NDLS
NDLS
Q4 25
$386.7M
Q3 25
$285.9M
$4.7M
Q2 25
$222.2M
$1.4M
Q1 25
$197.8M
Q4 24
$162.8M
$3.3M
Q3 24
$120.0M
$1.8M
Q2 24
$271.6M
$1.3M
Q1 24
$318.0M
$3.0M
Stockholders' Equity
COLL
COLL
NDLS
NDLS
Q4 25
$301.7M
Q3 25
$274.8M
$-38.9M
Q2 25
$232.2M
$-13.9M
Q1 25
$234.4M
Q4 24
$228.8M
$3.7M
Q3 24
$234.3M
$9.6M
Q2 24
$216.6M
$21.9M
Q1 24
$222.2M
$27.2M
Total Assets
COLL
COLL
NDLS
NDLS
Q4 25
$1.7B
Q3 25
$1.6B
$280.6M
Q2 25
$1.6B
$319.4M
Q1 25
$1.6B
Q4 24
$1.7B
$340.5M
Q3 24
$1.6B
$346.3M
Q2 24
$1.1B
$360.4M
Q1 24
$1.1B
$368.1M

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
NDLS
NDLS
Operating Cash FlowLast quarter
$123.0M
$4.3M
Free Cash FlowOCF − Capex
$122.4M
$-2.8M
FCF MarginFCF / Revenue
59.6%
-2.3%
Capex IntensityCapex / Revenue
0.3%
5.8%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$-7.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
NDLS
NDLS
Q4 25
$123.0M
Q3 25
$78.4M
$4.3M
Q2 25
$72.4M
$4.0M
Q1 25
$55.4M
Q4 24
$84.6M
$5.8M
Q3 24
$-9.0M
$4.7M
Q2 24
$67.4M
$7.0M
Q1 24
$61.9M
$164.0K
Free Cash Flow
COLL
COLL
NDLS
NDLS
Q4 25
$122.4M
Q3 25
$78.3M
$-2.8M
Q2 25
$72.4M
$1.1M
Q1 25
$54.6M
Q4 24
$84.1M
$-1.3M
Q3 24
$-9.2M
$-4.5M
Q2 24
$67.1M
$-1.6M
Q1 24
$61.4M
$-15.2M
FCF Margin
COLL
COLL
NDLS
NDLS
Q4 25
59.6%
Q3 25
37.4%
-2.3%
Q2 25
38.5%
0.9%
Q1 25
30.7%
Q4 24
46.2%
-1.1%
Q3 24
-5.8%
-3.5%
Q2 24
46.2%
-1.4%
Q1 24
42.3%
-12.2%
Capex Intensity
COLL
COLL
NDLS
NDLS
Q4 25
0.3%
Q3 25
0.1%
5.8%
Q2 25
0.0%
2.4%
Q1 25
0.4%
Q4 24
0.3%
5.8%
Q3 24
0.2%
7.2%
Q2 24
0.2%
7.1%
Q1 24
0.4%
12.3%
Cash Conversion
COLL
COLL
NDLS
NDLS
Q4 25
7.25×
Q3 25
2.49×
Q2 25
6.05×
Q1 25
22.92×
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
COLL

Segment breakdown not available.

NDLS
NDLS

Food And Beverage$119.6M98%
Franchise$2.5M2%

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