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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $205.4M, roughly 1.1× COLLEGIUM PHARMACEUTICAL, INC). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 6.3%, a 2.0% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs -2.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

COLL vs PWP — Head-to-Head

Bigger by revenue
PWP
PWP
1.1× larger
PWP
$219.2M
$205.4M
COLL
Growing faster (revenue YoY)
COLL
COLL
+15.8% gap
COLL
12.9%
-2.9%
PWP
Higher net margin
COLL
COLL
2.0% more per $
COLL
8.3%
6.3%
PWP
More free cash flow
COLL
COLL
$91.9M more FCF
COLL
$122.4M
$30.5M
PWP
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
19.1%
COLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
PWP
PWP
Revenue
$205.4M
$219.2M
Net Profit
$17.0M
$13.8M
Gross Margin
62.5%
Operating Margin
29.6%
8.5%
Net Margin
8.3%
6.3%
Revenue YoY
12.9%
-2.9%
Net Profit YoY
35.3%
EPS (diluted)
$0.48
$0.11

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
PWP
PWP
Q4 25
$205.4M
$219.2M
Q3 25
$209.4M
$164.6M
Q2 25
$188.0M
$155.3M
Q1 25
$177.8M
$211.8M
Q4 24
$181.9M
$225.7M
Q3 24
$159.3M
$278.2M
Q2 24
$145.3M
$272.0M
Q1 24
$144.9M
$102.1M
Net Profit
COLL
COLL
PWP
PWP
Q4 25
$17.0M
$13.8M
Q3 25
$31.5M
$6.0M
Q2 25
$12.0M
$2.7M
Q1 25
$2.4M
$17.3M
Q4 24
$12.5M
Q3 24
$9.3M
$16.4M
Q2 24
$19.6M
$-66.0M
Q1 24
$27.7M
$-35.8M
Gross Margin
COLL
COLL
PWP
PWP
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
PWP
PWP
Q4 25
29.6%
8.5%
Q3 25
29.7%
5.4%
Q2 25
18.7%
5.8%
Q1 25
12.2%
5.5%
Q4 24
20.9%
Q3 24
21.9%
12.9%
Q2 24
32.7%
-30.2%
Q1 24
34.1%
-52.4%
Net Margin
COLL
COLL
PWP
PWP
Q4 25
8.3%
6.3%
Q3 25
15.0%
3.6%
Q2 25
6.4%
1.8%
Q1 25
1.4%
8.2%
Q4 24
6.9%
Q3 24
5.9%
5.9%
Q2 24
13.5%
-24.3%
Q1 24
19.1%
-35.1%
EPS (diluted)
COLL
COLL
PWP
PWP
Q4 25
$0.48
$0.11
Q3 25
$0.84
$0.08
Q2 25
$0.34
$0.04
Q1 25
$0.07
$0.24
Q4 24
$0.36
Q3 24
$0.27
$0.24
Q2 24
$0.52
$-1.21
Q1 24
$0.71
$-0.91

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$386.7M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$-127.4M
Total Assets
$1.7B
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
PWP
PWP
Q4 25
$386.7M
$255.9M
Q3 25
$285.9M
$185.5M
Q2 25
$222.2M
$145.0M
Q1 25
$197.8M
$111.2M
Q4 24
$162.8M
$407.4M
Q3 24
$120.0M
$335.1M
Q2 24
$271.6M
$185.3M
Q1 24
$318.0M
$156.7M
Stockholders' Equity
COLL
COLL
PWP
PWP
Q4 25
$301.7M
$-127.4M
Q3 25
$274.8M
$-302.4M
Q2 25
$232.2M
$-318.4M
Q1 25
$234.4M
$-323.1M
Q4 24
$228.8M
$-421.4M
Q3 24
$234.3M
$-360.8M
Q2 24
$216.6M
$-283.0M
Q1 24
$222.2M
$161.9M
Total Assets
COLL
COLL
PWP
PWP
Q4 25
$1.7B
$797.6M
Q3 25
$1.6B
$650.2M
Q2 25
$1.6B
$606.7M
Q1 25
$1.6B
$570.5M
Q4 24
$1.7B
$876.8M
Q3 24
$1.6B
$810.9M
Q2 24
$1.1B
$645.5M
Q1 24
$1.1B
$583.6M

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
PWP
PWP
Operating Cash FlowLast quarter
$123.0M
$34.8M
Free Cash FlowOCF − Capex
$122.4M
$30.5M
FCF MarginFCF / Revenue
59.6%
13.9%
Capex IntensityCapex / Revenue
0.3%
2.0%
Cash ConversionOCF / Net Profit
7.25×
2.52×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
PWP
PWP
Q4 25
$123.0M
$34.8M
Q3 25
$78.4M
$59.2M
Q2 25
$72.4M
$56.1M
Q1 25
$55.4M
$-176.5M
Q4 24
$84.6M
$223.4M
Q3 24
$-9.0M
$200.3M
Q2 24
$67.4M
$90.0M
Q1 24
$61.9M
$-206.3M
Free Cash Flow
COLL
COLL
PWP
PWP
Q4 25
$122.4M
$30.5M
Q3 25
$78.3M
$57.6M
Q2 25
$72.4M
$55.3M
Q1 25
$54.6M
$-177.6M
Q4 24
$84.1M
$207.0M
Q3 24
$-9.2M
$199.3M
Q2 24
$67.1M
$83.7M
Q1 24
$61.4M
$-214.8M
FCF Margin
COLL
COLL
PWP
PWP
Q4 25
59.6%
13.9%
Q3 25
37.4%
35.0%
Q2 25
38.5%
35.6%
Q1 25
30.7%
-83.8%
Q4 24
46.2%
91.7%
Q3 24
-5.8%
71.6%
Q2 24
46.2%
30.8%
Q1 24
42.3%
-210.3%
Capex Intensity
COLL
COLL
PWP
PWP
Q4 25
0.3%
2.0%
Q3 25
0.1%
0.9%
Q2 25
0.0%
0.5%
Q1 25
0.4%
0.5%
Q4 24
0.3%
7.3%
Q3 24
0.2%
0.4%
Q2 24
0.2%
2.3%
Q1 24
0.4%
8.3%
Cash Conversion
COLL
COLL
PWP
PWP
Q4 25
7.25×
2.52×
Q3 25
2.49×
9.85×
Q2 25
6.05×
20.50×
Q1 25
22.92×
-10.18×
Q4 24
6.75×
Q3 24
-0.96×
12.23×
Q2 24
3.44×
Q1 24
2.23×

Financial Flow Comparison

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

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