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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and Rocket Lab Corp (RKLB). Click either name above to swap in a different company.

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $179.7M, roughly 1.1× Rocket Lab Corp). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs -29.5%, a 37.7% gap on every dollar of revenue. On growth, Rocket Lab Corp posted the faster year-over-year revenue change (35.7% vs 12.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $-114.2M). Over the past eight quarters, Rocket Lab Corp's revenue compounded faster (39.2% 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.

Rocket Lab Corporation is a publicly traded aerospace manufacturer and launch service provider. Its Electron orbital rocket launches small satellites and has successfully completed over 75 missions as of January 2026, making it the most prolific small-lift launch vehicle in operation globally. A suborbital variant of Electron, called HASTE, was developed as a testbed to advance hypersonic technology development, while the next-generation reusable Neutron medium-lift launch vehicle is in devel...

COLL vs RKLB — Head-to-Head

Bigger by revenue
COLL
COLL
1.1× larger
COLL
$205.4M
$179.7M
RKLB
Growing faster (revenue YoY)
RKLB
RKLB
+22.8% gap
RKLB
35.7%
12.9%
COLL
Higher net margin
COLL
COLL
37.7% more per $
COLL
8.3%
-29.5%
RKLB
More free cash flow
COLL
COLL
$236.5M more FCF
COLL
$122.4M
$-114.2M
RKLB
Faster 2-yr revenue CAGR
RKLB
RKLB
Annualised
RKLB
39.2%
19.1%
COLL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COLL
COLL
RKLB
RKLB
Revenue
$205.4M
$179.7M
Net Profit
$17.0M
$-52.9M
Gross Margin
62.5%
38.0%
Operating Margin
29.6%
-28.4%
Net Margin
8.3%
-29.5%
Revenue YoY
12.9%
35.7%
Net Profit YoY
35.3%
-1.1%
EPS (diluted)
$0.48
$-0.09

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
RKLB
RKLB
Q4 25
$205.4M
$179.7M
Q3 25
$209.4M
$155.1M
Q2 25
$188.0M
$144.5M
Q1 25
$177.8M
$122.6M
Q4 24
$181.9M
$132.4M
Q3 24
$159.3M
$104.8M
Q2 24
$145.3M
$106.3M
Q1 24
$144.9M
$92.8M
Net Profit
COLL
COLL
RKLB
RKLB
Q4 25
$17.0M
$-52.9M
Q3 25
$31.5M
$-18.3M
Q2 25
$12.0M
$-66.4M
Q1 25
$2.4M
$-60.6M
Q4 24
$12.5M
$-52.3M
Q3 24
$9.3M
$-51.9M
Q2 24
$19.6M
$-41.6M
Q1 24
$27.7M
$-44.3M
Gross Margin
COLL
COLL
RKLB
RKLB
Q4 25
62.5%
38.0%
Q3 25
61.7%
37.0%
Q2 25
57.7%
32.1%
Q1 25
54.8%
28.8%
Q4 24
54.0%
27.8%
Q3 24
60.8%
26.7%
Q2 24
62.5%
25.6%
Q1 24
63.1%
26.1%
Operating Margin
COLL
COLL
RKLB
RKLB
Q4 25
29.6%
-28.4%
Q3 25
29.7%
-38.0%
Q2 25
18.7%
-41.3%
Q1 25
12.2%
-48.3%
Q4 24
20.9%
-38.9%
Q3 24
21.9%
-49.5%
Q2 24
32.7%
-40.7%
Q1 24
34.1%
-46.4%
Net Margin
COLL
COLL
RKLB
RKLB
Q4 25
8.3%
-29.5%
Q3 25
15.0%
-11.8%
Q2 25
6.4%
-46.0%
Q1 25
1.4%
-49.5%
Q4 24
6.9%
-39.5%
Q3 24
5.9%
-49.6%
Q2 24
13.5%
-39.2%
Q1 24
19.1%
-47.7%
EPS (diluted)
COLL
COLL
RKLB
RKLB
Q4 25
$0.48
$-0.09
Q3 25
$0.84
$-0.03
Q2 25
$0.34
$-0.13
Q1 25
$0.07
$-0.12
Q4 24
$0.36
$-0.11
Q3 24
$0.27
$-0.10
Q2 24
$0.52
$-0.08
Q1 24
$0.71
$-0.09

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
RKLB
RKLB
Cash + ST InvestmentsLiquidity on hand
$386.7M
$1.0B
Total DebtLower is stronger
$152.4M
Stockholders' EquityBook value
$301.7M
$1.7B
Total Assets
$1.7B
$2.3B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
RKLB
RKLB
Q4 25
$386.7M
$1.0B
Q3 25
$285.9M
$976.7M
Q2 25
$222.2M
$688.1M
Q1 25
$197.8M
$428.4M
Q4 24
$162.8M
$419.0M
Q3 24
$120.0M
$442.4M
Q2 24
$271.6M
$496.8M
Q1 24
$318.0M
$492.5M
Total Debt
COLL
COLL
RKLB
RKLB
Q4 25
$152.4M
Q3 25
$347.0M
Q2 25
$346.5M
Q1 25
$345.9M
Q4 24
$345.4M
Q3 24
$61.2M
Q2 24
$64.2M
Q1 24
$66.8M
Stockholders' Equity
COLL
COLL
RKLB
RKLB
Q4 25
$301.7M
$1.7B
Q3 25
$274.8M
$1.3B
Q2 25
$232.2M
$688.5M
Q1 25
$234.4M
$431.3M
Q4 24
$228.8M
$382.5M
Q3 24
$234.3M
$419.8M
Q2 24
$216.6M
$455.2M
Q1 24
$222.2M
$478.9M
Total Assets
COLL
COLL
RKLB
RKLB
Q4 25
$1.7B
$2.3B
Q3 25
$1.6B
$2.2B
Q2 25
$1.6B
$1.6B
Q1 25
$1.6B
$1.3B
Q4 24
$1.7B
$1.2B
Q3 24
$1.6B
$1.2B
Q2 24
$1.1B
$1.2B
Q1 24
$1.1B
$1.2B
Debt / Equity
COLL
COLL
RKLB
RKLB
Q4 25
0.09×
Q3 25
0.27×
Q2 25
0.50×
Q1 25
0.80×
Q4 24
0.90×
Q3 24
0.15×
Q2 24
0.14×
Q1 24
0.14×

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
RKLB
RKLB
Operating Cash FlowLast quarter
$123.0M
$-64.5M
Free Cash FlowOCF − Capex
$122.4M
$-114.2M
FCF MarginFCF / Revenue
59.6%
-63.6%
Capex IntensityCapex / Revenue
0.3%
27.6%
Cash ConversionOCF / Net Profit
7.25×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$-321.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
RKLB
RKLB
Q4 25
$123.0M
$-64.5M
Q3 25
$78.4M
$-23.5M
Q2 25
$72.4M
$-23.2M
Q1 25
$55.4M
$-54.2M
Q4 24
$84.6M
$-2.4M
Q3 24
$-9.0M
$-30.9M
Q2 24
$67.4M
$-13.0M
Q1 24
$61.9M
$-2.6M
Free Cash Flow
COLL
COLL
RKLB
RKLB
Q4 25
$122.4M
$-114.2M
Q3 25
$78.3M
$-69.4M
Q2 25
$72.4M
$-55.3M
Q1 25
$54.6M
$-82.9M
Q4 24
$84.1M
$-23.9M
Q3 24
$-9.2M
$-41.9M
Q2 24
$67.1M
$-28.3M
Q1 24
$61.4M
$-21.8M
FCF Margin
COLL
COLL
RKLB
RKLB
Q4 25
59.6%
-63.6%
Q3 25
37.4%
-44.8%
Q2 25
38.5%
-38.3%
Q1 25
30.7%
-67.6%
Q4 24
46.2%
-18.1%
Q3 24
-5.8%
-40.0%
Q2 24
46.2%
-26.7%
Q1 24
42.3%
-23.5%
Capex Intensity
COLL
COLL
RKLB
RKLB
Q4 25
0.3%
27.6%
Q3 25
0.1%
29.6%
Q2 25
0.0%
22.2%
Q1 25
0.4%
23.4%
Q4 24
0.3%
16.3%
Q3 24
0.2%
10.5%
Q2 24
0.2%
14.4%
Q1 24
0.4%
20.7%
Cash Conversion
COLL
COLL
RKLB
RKLB
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×
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.

RKLB
RKLB

Products$94.0M52%
Transferred Over Time$87.3M49%

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