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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $143.3M, roughly 1.4× Piedmont Realty Trust, Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -31.4%, a 39.7% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs 0.4%). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 0.0%).

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.

Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.

COLL vs PDM — Head-to-Head

Bigger by revenue
COLL
COLL
1.4× larger
COLL
$205.4M
$143.3M
PDM
Growing faster (revenue YoY)
COLL
COLL
+12.5% gap
COLL
12.9%
0.4%
PDM
Higher net margin
COLL
COLL
39.7% more per $
COLL
8.3%
-31.4%
PDM
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
0.0%
PDM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
COLL
COLL
PDM
PDM
Revenue
$205.4M
$143.3M
Net Profit
$17.0M
$-45.0M
Gross Margin
62.5%
Operating Margin
29.6%
Net Margin
8.3%
-31.4%
Revenue YoY
12.9%
0.4%
Net Profit YoY
35.3%
-27.9%
EPS (diluted)
$0.48
$-0.10

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
PDM
PDM
Q1 26
$143.3M
Q4 25
$205.4M
$142.9M
Q3 25
$209.4M
$139.2M
Q2 25
$188.0M
$140.3M
Q1 25
$177.8M
$142.7M
Q4 24
$181.9M
$143.2M
Q3 24
$159.3M
$139.3M
Q2 24
$145.3M
$143.3M
Net Profit
COLL
COLL
PDM
PDM
Q1 26
$-45.0M
Q4 25
$17.0M
$-43.2M
Q3 25
$31.5M
$-13.5M
Q2 25
$12.0M
$-16.8M
Q1 25
$2.4M
$-10.1M
Q4 24
$12.5M
$-30.0M
Q3 24
$9.3M
$-11.5M
Q2 24
$19.6M
$-9.8M
Gross Margin
COLL
COLL
PDM
PDM
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
PDM
PDM
Q1 26
Q4 25
29.6%
Q3 25
29.7%
Q2 25
18.7%
Q1 25
12.2%
Q4 24
20.9%
Q3 24
21.9%
Q2 24
32.7%
Net Margin
COLL
COLL
PDM
PDM
Q1 26
-31.4%
Q4 25
8.3%
-30.3%
Q3 25
15.0%
-9.7%
Q2 25
6.4%
-12.0%
Q1 25
1.4%
-7.1%
Q4 24
6.9%
-20.9%
Q3 24
5.9%
-8.3%
Q2 24
13.5%
-6.8%
EPS (diluted)
COLL
COLL
PDM
PDM
Q1 26
$-0.10
Q4 25
$0.48
$-0.34
Q3 25
$0.84
$-0.11
Q2 25
$0.34
$-0.14
Q1 25
$0.07
$-0.08
Q4 24
$0.36
$-0.25
Q3 24
$0.27
$-0.09
Q2 24
$0.52
$-0.08

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
PDM
PDM
Cash + ST InvestmentsLiquidity on hand
$386.7M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$1.5B
Total Assets
$1.7B
$4.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
PDM
PDM
Q1 26
$2.3M
Q4 25
$386.7M
$731.0K
Q3 25
$285.9M
$3.0M
Q2 25
$222.2M
$3.3M
Q1 25
$197.8M
$2.9M
Q4 24
$162.8M
$109.6M
Q3 24
$120.0M
$133.6M
Q2 24
$271.6M
$138.5M
Total Debt
COLL
COLL
PDM
PDM
Q1 26
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.2B
Stockholders' Equity
COLL
COLL
PDM
PDM
Q1 26
$1.5B
Q4 25
$301.7M
$1.5B
Q3 25
$274.8M
$1.5B
Q2 25
$232.2M
$1.5B
Q1 25
$234.4M
$1.6B
Q4 24
$228.8M
$1.6B
Q3 24
$234.3M
$1.6B
Q2 24
$216.6M
$1.7B
Total Assets
COLL
COLL
PDM
PDM
Q1 26
$4.0B
Q4 25
$1.7B
$4.0B
Q3 25
$1.6B
$4.0B
Q2 25
$1.6B
$4.0B
Q1 25
$1.6B
$4.0B
Q4 24
$1.7B
$4.1B
Q3 24
$1.6B
$4.1B
Q2 24
$1.1B
$4.2B
Debt / Equity
COLL
COLL
PDM
PDM
Q1 26
Q4 25
1.49×
Q3 25
1.43×
Q2 25
1.41×
Q1 25
1.40×
Q4 24
1.40×
Q3 24
1.36×
Q2 24
1.34×

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
PDM
PDM
Operating Cash FlowLast quarter
$123.0M
Free Cash FlowOCF − Capex
$122.4M
FCF MarginFCF / Revenue
59.6%
Capex IntensityCapex / Revenue
0.3%
110.3%
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
PDM
PDM
Q1 26
Q4 25
$123.0M
$140.6M
Q3 25
$78.4M
$35.8M
Q2 25
$72.4M
$50.1M
Q1 25
$55.4M
$3.7M
Q4 24
$84.6M
$198.1M
Q3 24
$-9.0M
$42.9M
Q2 24
$67.4M
$66.8M
Free Cash Flow
COLL
COLL
PDM
PDM
Q1 26
Q4 25
$122.4M
Q3 25
$78.3M
Q2 25
$72.4M
Q1 25
$54.6M
Q4 24
$84.1M
Q3 24
$-9.2M
Q2 24
$67.1M
FCF Margin
COLL
COLL
PDM
PDM
Q1 26
Q4 25
59.6%
Q3 25
37.4%
Q2 25
38.5%
Q1 25
30.7%
Q4 24
46.2%
Q3 24
-5.8%
Q2 24
46.2%
Capex Intensity
COLL
COLL
PDM
PDM
Q1 26
110.3%
Q4 25
0.3%
Q3 25
0.1%
Q2 25
0.0%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.2%
Q2 24
0.2%
Cash Conversion
COLL
COLL
PDM
PDM
Q1 26
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×

Financial Flow Comparison

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

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