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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $153.1M, roughly 1.3× CPI Card Group Inc.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 4.8%, a 3.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $35.2M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs 16.9%).

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.

CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.

COLL vs PMTS — Head-to-Head

Bigger by revenue
COLL
COLL
1.3× larger
COLL
$205.4M
$153.1M
PMTS
Growing faster (revenue YoY)
PMTS
PMTS
+9.4% gap
PMTS
22.3%
12.9%
COLL
Higher net margin
COLL
COLL
3.5% more per $
COLL
8.3%
4.8%
PMTS
More free cash flow
COLL
COLL
$87.2M more FCF
COLL
$122.4M
$35.2M
PMTS
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
16.9%
PMTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
PMTS
PMTS
Revenue
$205.4M
$153.1M
Net Profit
$17.0M
$7.3M
Gross Margin
62.5%
31.5%
Operating Margin
29.6%
12.0%
Net Margin
8.3%
4.8%
Revenue YoY
12.9%
22.3%
Net Profit YoY
35.3%
8.5%
EPS (diluted)
$0.48
$0.62

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
PMTS
PMTS
Q4 25
$205.4M
$153.1M
Q3 25
$209.4M
$138.0M
Q2 25
$188.0M
$129.8M
Q1 25
$177.8M
$122.8M
Q4 24
$181.9M
$125.1M
Q3 24
$159.3M
$124.8M
Q2 24
$145.3M
$118.8M
Q1 24
$144.9M
$111.9M
Net Profit
COLL
COLL
PMTS
PMTS
Q4 25
$17.0M
$7.3M
Q3 25
$31.5M
$2.3M
Q2 25
$12.0M
$518.0K
Q1 25
$2.4M
$4.8M
Q4 24
$12.5M
$6.8M
Q3 24
$9.3M
$1.3M
Q2 24
$19.6M
$6.0M
Q1 24
$27.7M
$5.5M
Gross Margin
COLL
COLL
PMTS
PMTS
Q4 25
62.5%
31.5%
Q3 25
61.7%
29.7%
Q2 25
57.7%
30.9%
Q1 25
54.8%
33.2%
Q4 24
54.0%
34.1%
Q3 24
60.8%
35.8%
Q2 24
62.5%
35.7%
Q1 24
63.1%
37.1%
Operating Margin
COLL
COLL
PMTS
PMTS
Q4 25
29.6%
12.0%
Q3 25
29.7%
9.4%
Q2 25
18.7%
7.3%
Q1 25
12.2%
11.5%
Q4 24
20.9%
12.7%
Q3 24
21.9%
14.3%
Q2 24
32.7%
12.5%
Q1 24
34.1%
12.6%
Net Margin
COLL
COLL
PMTS
PMTS
Q4 25
8.3%
4.8%
Q3 25
15.0%
1.7%
Q2 25
6.4%
0.4%
Q1 25
1.4%
3.9%
Q4 24
6.9%
5.4%
Q3 24
5.9%
1.0%
Q2 24
13.5%
5.1%
Q1 24
19.1%
4.9%
EPS (diluted)
COLL
COLL
PMTS
PMTS
Q4 25
$0.48
$0.62
Q3 25
$0.84
$0.19
Q2 25
$0.34
$0.04
Q1 25
$0.07
$0.40
Q4 24
$0.36
$0.56
Q3 24
$0.27
$0.11
Q2 24
$0.52
$0.51
Q1 24
$0.71
$0.46

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
PMTS
PMTS
Cash + ST InvestmentsLiquidity on hand
$386.7M
$21.7M
Total DebtLower is stronger
$286.7M
Stockholders' EquityBook value
$301.7M
$-17.3M
Total Assets
$1.7B
$403.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
PMTS
PMTS
Q4 25
$386.7M
$21.7M
Q3 25
$285.9M
$16.0M
Q2 25
$222.2M
$17.1M
Q1 25
$197.8M
$31.5M
Q4 24
$162.8M
$33.5M
Q3 24
$120.0M
$14.7M
Q2 24
$271.6M
$7.5M
Q1 24
$318.0M
$17.1M
Total Debt
COLL
COLL
PMTS
PMTS
Q4 25
$286.7M
Q3 25
$308.4M
Q2 25
$310.9M
Q1 25
$280.7M
Q4 24
$280.4M
Q3 24
$280.2M
Q2 24
$269.7M
Q1 24
$265.3M
Stockholders' Equity
COLL
COLL
PMTS
PMTS
Q4 25
$301.7M
$-17.3M
Q3 25
$274.8M
$-25.7M
Q2 25
$232.2M
$-29.0M
Q1 25
$234.4M
$-29.7M
Q4 24
$228.8M
$-35.6M
Q3 24
$234.3M
$-42.8M
Q2 24
$216.6M
$-44.6M
Q1 24
$222.2M
$-48.5M
Total Assets
COLL
COLL
PMTS
PMTS
Q4 25
$1.7B
$403.2M
Q3 25
$1.6B
$407.1M
Q2 25
$1.6B
$399.8M
Q1 25
$1.6B
$351.9M
Q4 24
$1.7B
$349.7M
Q3 24
$1.6B
$342.3M
Q2 24
$1.1B
$321.4M
Q1 24
$1.1B
$319.8M

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
PMTS
PMTS
Operating Cash FlowLast quarter
$123.0M
$39.6M
Free Cash FlowOCF − Capex
$122.4M
$35.2M
FCF MarginFCF / Revenue
59.6%
23.0%
Capex IntensityCapex / Revenue
0.3%
2.9%
Cash ConversionOCF / Net Profit
7.25×
5.39×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$41.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
PMTS
PMTS
Q4 25
$123.0M
$39.6M
Q3 25
$78.4M
$10.0M
Q2 25
$72.4M
$4.3M
Q1 25
$55.4M
$5.6M
Q4 24
$84.6M
$26.7M
Q3 24
$-9.0M
$12.5M
Q2 24
$67.4M
$-4.8M
Q1 24
$61.9M
$8.9M
Free Cash Flow
COLL
COLL
PMTS
PMTS
Q4 25
$122.4M
$35.2M
Q3 25
$78.3M
$5.3M
Q2 25
$72.4M
$533.0K
Q1 25
$54.6M
$292.0K
Q4 24
$84.1M
$21.6M
Q3 24
$-9.2M
$11.1M
Q2 24
$67.1M
$-6.0M
Q1 24
$61.4M
$7.4M
FCF Margin
COLL
COLL
PMTS
PMTS
Q4 25
59.6%
23.0%
Q3 25
37.4%
3.8%
Q2 25
38.5%
0.4%
Q1 25
30.7%
0.2%
Q4 24
46.2%
17.3%
Q3 24
-5.8%
8.9%
Q2 24
46.2%
-5.0%
Q1 24
42.3%
6.6%
Capex Intensity
COLL
COLL
PMTS
PMTS
Q4 25
0.3%
2.9%
Q3 25
0.1%
3.4%
Q2 25
0.0%
2.9%
Q1 25
0.4%
4.3%
Q4 24
0.3%
4.0%
Q3 24
0.2%
1.2%
Q2 24
0.2%
1.0%
Q1 24
0.4%
1.3%
Cash Conversion
COLL
COLL
PMTS
PMTS
Q4 25
7.25×
5.39×
Q3 25
2.49×
4.32×
Q2 25
6.05×
8.39×
Q1 25
22.92×
1.17×
Q4 24
6.75×
3.94×
Q3 24
-0.96×
9.70×
Q2 24
3.44×
-0.79×
Q1 24
2.23×
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLL
COLL

Segment breakdown not available.

PMTS
PMTS

US Debit And Credit$128.9M84%
US Prepaid Debit$24.4M16%

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