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

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $120.1M, roughly 1.7× PAR TECHNOLOGY CORP). On growth, PAR TECHNOLOGY CORP posted the faster year-over-year revenue change (14.4% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-12.5M). Over the past eight quarters, PAR TECHNOLOGY CORP's revenue compounded faster (30.9% 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.

PAR Technology Corp is a global provider of point-of-sale systems, restaurant management software, and integrated tech solutions. Its core segments serve food service, hospitality, and government security markets, offering cloud tools to streamline operations, enhance customer experiences, and boost efficiency for enterprise and small-to-medium clients.

COLL vs PAR — Head-to-Head

Bigger by revenue
COLL
COLL
1.7× larger
COLL
$205.4M
$120.1M
PAR
Growing faster (revenue YoY)
PAR
PAR
+1.5% gap
PAR
14.4%
12.9%
COLL
More free cash flow
COLL
COLL
$134.9M more FCF
COLL
$122.4M
$-12.5M
PAR
Faster 2-yr revenue CAGR
PAR
PAR
Annualised
PAR
30.9%
19.1%
COLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
PAR
PAR
Revenue
$205.4M
$120.1M
Net Profit
$17.0M
Gross Margin
62.5%
41.2%
Operating Margin
29.6%
-15.0%
Net Margin
8.3%
Revenue YoY
12.9%
14.4%
Net Profit YoY
35.3%
EPS (diluted)
$0.48
$-0.52

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
PAR
PAR
Q4 25
$205.4M
$120.1M
Q3 25
$209.4M
$119.2M
Q2 25
$188.0M
$112.4M
Q1 25
$177.8M
$103.9M
Q4 24
$181.9M
$105.0M
Q3 24
$159.3M
$96.8M
Q2 24
$145.3M
$78.2M
Q1 24
$144.9M
$70.1M
Net Profit
COLL
COLL
PAR
PAR
Q4 25
$17.0M
Q3 25
$31.5M
$-18.2M
Q2 25
$12.0M
$-21.0M
Q1 25
$2.4M
$-24.4M
Q4 24
$12.5M
Q3 24
$9.3M
$-19.8M
Q2 24
$19.6M
$54.2M
Q1 24
$27.7M
$-18.3M
Gross Margin
COLL
COLL
PAR
PAR
Q4 25
62.5%
41.2%
Q3 25
61.7%
41.3%
Q2 25
57.7%
45.4%
Q1 25
54.8%
46.5%
Q4 24
54.0%
42.9%
Q3 24
60.8%
44.5%
Q2 24
62.5%
41.0%
Q1 24
63.1%
37.2%
Operating Margin
COLL
COLL
PAR
PAR
Q4 25
29.6%
-15.0%
Q3 25
29.7%
-14.8%
Q2 25
18.7%
-15.4%
Q1 25
12.2%
-15.2%
Q4 24
20.9%
-15.6%
Q3 24
21.9%
-15.7%
Q2 24
32.7%
-26.5%
Q1 24
34.1%
-38.2%
Net Margin
COLL
COLL
PAR
PAR
Q4 25
8.3%
Q3 25
15.0%
-15.3%
Q2 25
6.4%
-18.7%
Q1 25
1.4%
-23.4%
Q4 24
6.9%
Q3 24
5.9%
-20.5%
Q2 24
13.5%
69.3%
Q1 24
19.1%
-26.1%
EPS (diluted)
COLL
COLL
PAR
PAR
Q4 25
$0.48
$-0.52
Q3 25
$0.84
$-0.45
Q2 25
$0.34
$-0.52
Q1 25
$0.07
$-0.60
Q4 24
$0.36
$-0.56
Q3 24
$0.27
$-0.56
Q2 24
$0.52
$1.60
Q1 24
$0.71
$-0.62

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
PAR
PAR
Cash + ST InvestmentsLiquidity on hand
$386.7M
$80.1M
Total DebtLower is stronger
$394.0M
Stockholders' EquityBook value
$301.7M
$825.1M
Total Assets
$1.7B
$1.4B
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
PAR
PAR
Q4 25
$386.7M
$80.1M
Q3 25
$285.9M
$93.0M
Q2 25
$222.2M
$85.7M
Q1 25
$197.8M
$92.2M
Q4 24
$162.8M
$108.6M
Q3 24
$120.0M
$118.4M
Q2 24
$271.6M
$142.5M
Q1 24
$318.0M
$72.5M
Total Debt
COLL
COLL
PAR
PAR
Q4 25
$394.0M
Q3 25
$393.4M
Q2 25
$392.8M
Q1 25
$392.3M
Q4 24
$368.4M
Q3 24
$466.7M
Q2 24
$378.7M
Q1 24
$378.2M
Stockholders' Equity
COLL
COLL
PAR
PAR
Q4 25
$301.7M
$825.1M
Q3 25
$274.8M
$838.0M
Q2 25
$232.2M
$859.1M
Q1 25
$234.4M
$852.0M
Q4 24
$228.8M
$871.7M
Q3 24
$234.3M
$692.7M
Q2 24
$216.6M
$588.3M
Q1 24
$222.2M
$526.4M
Total Assets
COLL
COLL
PAR
PAR
Q4 25
$1.7B
$1.4B
Q3 25
$1.6B
$1.4B
Q2 25
$1.6B
$1.4B
Q1 25
$1.6B
$1.4B
Q4 24
$1.7B
$1.4B
Q3 24
$1.6B
$1.3B
Q2 24
$1.1B
$1.1B
Q1 24
$1.1B
$1.0B
Debt / Equity
COLL
COLL
PAR
PAR
Q4 25
0.48×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.46×
Q4 24
0.42×
Q3 24
0.67×
Q2 24
0.64×
Q1 24
0.72×

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
PAR
PAR
Operating Cash FlowLast quarter
$123.0M
$-11.8M
Free Cash FlowOCF − Capex
$122.4M
$-12.5M
FCF MarginFCF / Revenue
59.6%
-10.4%
Capex IntensityCapex / Revenue
0.3%
0.7%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$-30.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
PAR
PAR
Q4 25
$123.0M
$-11.8M
Q3 25
$78.4M
$8.4M
Q2 25
$72.4M
$-6.6M
Q1 25
$55.4M
$-17.2M
Q4 24
$84.6M
$3.4M
Q3 24
$-9.0M
$8.8M
Q2 24
$67.4M
$-13.8M
Q1 24
$61.9M
$-23.6M
Free Cash Flow
COLL
COLL
PAR
PAR
Q4 25
$122.4M
$-12.5M
Q3 25
$78.3M
$7.0M
Q2 25
$72.4M
$-7.4M
Q1 25
$54.6M
$-17.6M
Q4 24
$84.1M
$3.2M
Q3 24
$-9.2M
$8.4M
Q2 24
$67.1M
$-14.2M
Q1 24
$61.4M
$-23.6M
FCF Margin
COLL
COLL
PAR
PAR
Q4 25
59.6%
-10.4%
Q3 25
37.4%
5.9%
Q2 25
38.5%
-6.6%
Q1 25
30.7%
-16.9%
Q4 24
46.2%
3.0%
Q3 24
-5.8%
8.7%
Q2 24
46.2%
-18.2%
Q1 24
42.3%
-33.7%
Capex Intensity
COLL
COLL
PAR
PAR
Q4 25
0.3%
0.7%
Q3 25
0.1%
1.1%
Q2 25
0.0%
0.7%
Q1 25
0.4%
0.4%
Q4 24
0.3%
0.2%
Q3 24
0.2%
0.4%
Q2 24
0.2%
0.5%
Q1 24
0.4%
0.1%
Cash Conversion
COLL
COLL
PAR
PAR
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×
-0.26×
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.

PAR
PAR

Subscription Service$76.1M63%
Hardware$27.8M23%
Professional Service$16.2M13%

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