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

ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $205.4M, roughly 1.2× COLLEGIUM PHARMACEUTICAL, INC). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 5.0%, a 3.3% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs 11.5%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $14.9M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 7.1%).

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.

COLL vs OSW — Head-to-Head

Bigger by revenue
OSW
OSW
1.2× larger
OSW
$242.1M
$205.4M
COLL
Growing faster (revenue YoY)
COLL
COLL
+1.4% gap
COLL
12.9%
11.5%
OSW
Higher net margin
COLL
COLL
3.3% more per $
COLL
8.3%
5.0%
OSW
More free cash flow
COLL
COLL
$107.5M more FCF
COLL
$122.4M
$14.9M
OSW
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
7.1%
OSW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
OSW
OSW
Revenue
$205.4M
$242.1M
Net Profit
$17.0M
$12.1M
Gross Margin
62.5%
Operating Margin
29.6%
6.8%
Net Margin
8.3%
5.0%
Revenue YoY
12.9%
11.5%
Net Profit YoY
35.3%
-16.2%
EPS (diluted)
$0.48
$0.12

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
OSW
OSW
Q4 25
$205.4M
$242.1M
Q3 25
$209.4M
$258.5M
Q2 25
$188.0M
$240.7M
Q1 25
$177.8M
$219.6M
Q4 24
$181.9M
$217.2M
Q3 24
$159.3M
$241.7M
Q2 24
$145.3M
$224.9M
Q1 24
$144.9M
$211.2M
Net Profit
COLL
COLL
OSW
OSW
Q4 25
$17.0M
$12.1M
Q3 25
$31.5M
$24.3M
Q2 25
$12.0M
$19.9M
Q1 25
$2.4M
$15.3M
Q4 24
$12.5M
$14.4M
Q3 24
$9.3M
$21.6M
Q2 24
$19.6M
$15.8M
Q1 24
$27.7M
$21.2M
Gross Margin
COLL
COLL
OSW
OSW
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
OSW
OSW
Q4 25
29.6%
6.8%
Q3 25
29.7%
10.2%
Q2 25
18.7%
9.2%
Q1 25
12.2%
7.7%
Q4 24
20.9%
7.9%
Q3 24
21.9%
10.3%
Q2 24
32.7%
8.4%
Q1 24
34.1%
8.0%
Net Margin
COLL
COLL
OSW
OSW
Q4 25
8.3%
5.0%
Q3 25
15.0%
9.4%
Q2 25
6.4%
8.3%
Q1 25
1.4%
7.0%
Q4 24
6.9%
6.6%
Q3 24
5.9%
8.9%
Q2 24
13.5%
7.0%
Q1 24
19.1%
10.0%
EPS (diluted)
COLL
COLL
OSW
OSW
Q4 25
$0.48
$0.12
Q3 25
$0.84
$0.23
Q2 25
$0.34
$0.19
Q1 25
$0.07
$0.15
Q4 24
$0.36
$0.13
Q3 24
$0.27
$0.20
Q2 24
$0.52
$0.15
Q1 24
$0.71
$0.21

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
OSW
OSW
Cash + ST InvestmentsLiquidity on hand
$386.7M
$16.3M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$301.7M
$542.6M
Total Assets
$1.7B
$707.1M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
OSW
OSW
Q4 25
$386.7M
$16.3M
Q3 25
$285.9M
$29.6M
Q2 25
$222.2M
$35.0M
Q1 25
$197.8M
$22.6M
Q4 24
$162.8M
$57.4M
Q3 24
$120.0M
$48.8M
Q2 24
$271.6M
$62.5M
Q1 24
$318.0M
$65.4M
Total Debt
COLL
COLL
OSW
OSW
Q4 25
$84.0M
Q3 25
$85.2M
Q2 25
$96.2M
Q1 25
$97.4M
Q4 24
$98.6M
Q3 24
$98.7M
Q2 24
$123.8M
Q1 24
$138.6M
Stockholders' Equity
COLL
COLL
OSW
OSW
Q4 25
$301.7M
$542.6M
Q3 25
$274.8M
$552.8M
Q2 25
$232.2M
$548.3M
Q1 25
$234.4M
$530.6M
Q4 24
$228.8M
$554.5M
Q3 24
$234.3M
$540.1M
Q2 24
$216.6M
$532.7M
Q1 24
$222.2M
$515.5M
Total Assets
COLL
COLL
OSW
OSW
Q4 25
$1.7B
$707.1M
Q3 25
$1.6B
$732.6M
Q2 25
$1.6B
$731.8M
Q1 25
$1.6B
$708.7M
Q4 24
$1.7B
$746.4M
Q3 24
$1.6B
$734.0M
Q2 24
$1.1B
$756.8M
Q1 24
$1.1B
$763.6M
Debt / Equity
COLL
COLL
OSW
OSW
Q4 25
0.15×
Q3 25
0.15×
Q2 25
0.18×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.23×
Q1 24
0.27×

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
OSW
OSW
Operating Cash FlowLast quarter
$123.0M
$20.0M
Free Cash FlowOCF − Capex
$122.4M
$14.9M
FCF MarginFCF / Revenue
59.6%
6.2%
Capex IntensityCapex / Revenue
0.3%
2.1%
Cash ConversionOCF / Net Profit
7.25×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$68.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
OSW
OSW
Q4 25
$123.0M
$20.0M
Q3 25
$78.4M
$33.2M
Q2 25
$72.4M
$20.3M
Q1 25
$55.4M
$10.1M
Q4 24
$84.6M
$16.6M
Q3 24
$-9.0M
$28.6M
Q2 24
$67.4M
$18.7M
Q1 24
$61.9M
$15.0M
Free Cash Flow
COLL
COLL
OSW
OSW
Q4 25
$122.4M
$14.9M
Q3 25
$78.3M
$27.6M
Q2 25
$72.4M
$17.6M
Q1 25
$54.6M
$8.4M
Q4 24
$84.1M
$13.2M
Q3 24
$-9.2M
$27.5M
Q2 24
$67.1M
$17.6M
Q1 24
$61.4M
$13.7M
FCF Margin
COLL
COLL
OSW
OSW
Q4 25
59.6%
6.2%
Q3 25
37.4%
10.7%
Q2 25
38.5%
7.3%
Q1 25
30.7%
3.8%
Q4 24
46.2%
6.1%
Q3 24
-5.8%
11.4%
Q2 24
46.2%
7.8%
Q1 24
42.3%
6.5%
Capex Intensity
COLL
COLL
OSW
OSW
Q4 25
0.3%
2.1%
Q3 25
0.1%
2.2%
Q2 25
0.0%
1.1%
Q1 25
0.4%
0.8%
Q4 24
0.3%
1.5%
Q3 24
0.2%
0.5%
Q2 24
0.2%
0.5%
Q1 24
0.4%
0.6%
Cash Conversion
COLL
COLL
OSW
OSW
Q4 25
7.25×
1.65×
Q3 25
2.49×
1.36×
Q2 25
6.05×
1.02×
Q1 25
22.92×
0.66×
Q4 24
6.75×
1.15×
Q3 24
-0.96×
1.33×
Q2 24
3.44×
1.19×
Q1 24
2.23×
0.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLL
COLL

Segment breakdown not available.

OSW
OSW

Services$197.3M82%
Products$44.8M18%

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