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Side-by-side financial comparison of COLLEGIUM PHARMACEUTICAL, INC (COLL) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

COLLEGIUM PHARMACEUTICAL, INC is the larger business by last-quarter revenue ($205.4M vs $124.7M, roughly 1.6× SMITH & WESSON BRANDS, INC.). COLLEGIUM PHARMACEUTICAL, INC runs the higher net margin — 8.3% vs 1.5%, a 6.7% gap on every dollar of revenue. On growth, COLLEGIUM PHARMACEUTICAL, INC posted the faster year-over-year revenue change (12.9% vs -3.9%). COLLEGIUM PHARMACEUTICAL, INC produced more free cash flow last quarter ($122.4M vs $16.3M). Over the past eight quarters, COLLEGIUM PHARMACEUTICAL, INC's revenue compounded faster (19.1% CAGR vs -4.8%).

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.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

COLL vs SWBI — Head-to-Head

Bigger by revenue
COLL
COLL
1.6× larger
COLL
$205.4M
$124.7M
SWBI
Growing faster (revenue YoY)
COLL
COLL
+16.8% gap
COLL
12.9%
-3.9%
SWBI
Higher net margin
COLL
COLL
6.7% more per $
COLL
8.3%
1.5%
SWBI
More free cash flow
COLL
COLL
$106.1M more FCF
COLL
$122.4M
$16.3M
SWBI
Faster 2-yr revenue CAGR
COLL
COLL
Annualised
COLL
19.1%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
COLL
COLL
SWBI
SWBI
Revenue
$205.4M
$124.7M
Net Profit
$17.0M
$1.9M
Gross Margin
62.5%
24.3%
Operating Margin
29.6%
3.3%
Net Margin
8.3%
1.5%
Revenue YoY
12.9%
-3.9%
Net Profit YoY
35.3%
-53.6%
EPS (diluted)
$0.48
$0.04

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
SWBI
SWBI
Q4 25
$205.4M
$124.7M
Q3 25
$209.4M
$85.1M
Q2 25
$188.0M
$140.8M
Q1 25
$177.8M
$115.9M
Q4 24
$181.9M
$129.7M
Q3 24
$159.3M
$88.3M
Q2 24
$145.3M
$159.1M
Q1 24
$144.9M
$137.5M
Net Profit
COLL
COLL
SWBI
SWBI
Q4 25
$17.0M
$1.9M
Q3 25
$31.5M
$-3.4M
Q2 25
$12.0M
$8.6M
Q1 25
$2.4M
$2.1M
Q4 24
$12.5M
$4.5M
Q3 24
$9.3M
$-1.9M
Q2 24
$19.6M
$27.9M
Q1 24
$27.7M
$7.9M
Gross Margin
COLL
COLL
SWBI
SWBI
Q4 25
62.5%
24.3%
Q3 25
61.7%
25.9%
Q2 25
57.7%
28.8%
Q1 25
54.8%
24.1%
Q4 24
54.0%
26.6%
Q3 24
60.8%
27.4%
Q2 24
62.5%
35.5%
Q1 24
63.1%
28.7%
Operating Margin
COLL
COLL
SWBI
SWBI
Q4 25
29.6%
3.3%
Q3 25
29.7%
-3.5%
Q2 25
18.7%
9.3%
Q1 25
12.2%
4.1%
Q4 24
20.9%
5.8%
Q3 24
21.9%
-1.7%
Q2 24
32.7%
17.4%
Q1 24
34.1%
8.2%
Net Margin
COLL
COLL
SWBI
SWBI
Q4 25
8.3%
1.5%
Q3 25
15.0%
-4.0%
Q2 25
6.4%
6.1%
Q1 25
1.4%
1.8%
Q4 24
6.9%
3.5%
Q3 24
5.9%
-2.1%
Q2 24
13.5%
17.5%
Q1 24
19.1%
5.7%
EPS (diluted)
COLL
COLL
SWBI
SWBI
Q4 25
$0.48
$0.04
Q3 25
$0.84
$-0.08
Q2 25
$0.34
$0.19
Q1 25
$0.07
$0.05
Q4 24
$0.36
$0.10
Q3 24
$0.27
$-0.04
Q2 24
$0.52
$0.60
Q1 24
$0.71
$0.17

Balance Sheet & Financial Strength

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

Metric
COLL
COLL
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$386.7M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$301.7M
$363.2M
Total Assets
$1.7B
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLL
COLL
SWBI
SWBI
Q4 25
$386.7M
$22.4M
Q3 25
$285.9M
$18.0M
Q2 25
$222.2M
$25.2M
Q1 25
$197.8M
$26.7M
Q4 24
$162.8M
$39.1M
Q3 24
$120.0M
$35.5M
Q2 24
$271.6M
$60.8M
Q1 24
$318.0M
$47.4M
Stockholders' Equity
COLL
COLL
SWBI
SWBI
Q4 25
$301.7M
$363.2M
Q3 25
$274.8M
$364.4M
Q2 25
$232.2M
$372.5M
Q1 25
$234.4M
$366.9M
Q4 24
$228.8M
$371.5M
Q3 24
$234.3M
$380.0M
Q2 24
$216.6M
$399.9M
Q1 24
$222.2M
$376.4M
Total Assets
COLL
COLL
SWBI
SWBI
Q4 25
$1.7B
$548.6M
Q3 25
$1.6B
$554.6M
Q2 25
$1.6B
$559.6M
Q1 25
$1.6B
$578.9M
Q4 24
$1.7B
$587.4M
Q3 24
$1.6B
$571.3M
Q2 24
$1.1B
$577.4M
Q1 24
$1.1B
$570.6M

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
SWBI
SWBI
Operating Cash FlowLast quarter
$123.0M
$27.3M
Free Cash FlowOCF − Capex
$122.4M
$16.3M
FCF MarginFCF / Revenue
59.6%
13.1%
Capex IntensityCapex / Revenue
0.3%
8.8%
Cash ConversionOCF / Net Profit
7.25×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$327.6M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLL
COLL
SWBI
SWBI
Q4 25
$123.0M
$27.3M
Q3 25
$78.4M
$-8.1M
Q2 25
$72.4M
$40.8M
Q1 25
$55.4M
$-9.8M
Q4 24
$84.6M
$-7.4M
Q3 24
$-9.0M
$-30.8M
Q2 24
$67.4M
$43.7M
Q1 24
$61.9M
$25.2M
Free Cash Flow
COLL
COLL
SWBI
SWBI
Q4 25
$122.4M
$16.3M
Q3 25
$78.3M
$-12.4M
Q2 25
$72.4M
$33.5M
Q1 25
$54.6M
$-16.1M
Q4 24
$84.1M
$-10.7M
Q3 24
$-9.2M
$-35.5M
Q2 24
$67.1M
$38.2M
Q1 24
$61.4M
$7.0M
FCF Margin
COLL
COLL
SWBI
SWBI
Q4 25
59.6%
13.1%
Q3 25
37.4%
-14.6%
Q2 25
38.5%
23.8%
Q1 25
30.7%
-13.9%
Q4 24
46.2%
-8.3%
Q3 24
-5.8%
-40.2%
Q2 24
46.2%
24.0%
Q1 24
42.3%
5.1%
Capex Intensity
COLL
COLL
SWBI
SWBI
Q4 25
0.3%
8.8%
Q3 25
0.1%
5.0%
Q2 25
0.0%
5.2%
Q1 25
0.4%
5.4%
Q4 24
0.3%
2.5%
Q3 24
0.2%
5.3%
Q2 24
0.2%
3.5%
Q1 24
0.4%
13.2%
Cash Conversion
COLL
COLL
SWBI
SWBI
Q4 25
7.25×
14.22×
Q3 25
2.49×
Q2 25
6.05×
4.73×
Q1 25
22.92×
-4.68×
Q4 24
6.75×
-1.63×
Q3 24
-0.96×
Q2 24
3.44×
1.57×
Q1 24
2.23×
3.20×

Financial Flow Comparison

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

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