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COLLEGIUM PHARMACEUTICAL, INC（COLL）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是COLLEGIUM PHARMACEUTICAL, INC的1.8倍（$362.7M vs $205.4M），COLLEGIUM PHARMACEUTICAL, INC净利率更高（8.3% vs -10.7%，领先18.9%），COLLEGIUM PHARMACEUTICAL, INC自由现金流更多（$122.4M vs $-193.1M），过去两年COLLEGIUM PHARMACEUTICAL, INC的营收复合增速更高（19.1% vs 17.4%）
Collegium制药是一家专科制药企业，专注于研发和商业化具备滥用威慑特性的创新疼痛管理疗法，主要面向美国市场，推出适用于慢性疼痛患者的缓释镇痛产品，服务覆盖基层及专科医疗领域的医护人员。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
COLL vs VNET — 直观对比
营收规模更大
VNET
是对方的1.8倍
$205.4M
净利率更高
COLL
高出18.9%
-10.7%
自由现金流更多
COLL
多$315.4M
$-193.1M
两年增速更快
COLL
近两年复合增速
17.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $205.4M | $362.7M |
| 净利润 | $17.0M | $-38.7M |
| 毛利率 | 62.5% | 20.9% |
| 营业利润率 | 29.6% | 0.5% |
| 净利率 | 8.3% | -10.7% |
| 营收同比 | 12.9% | — |
| 净利润同比 | 35.3% | — |
| 每股收益（稀释后） | $0.48 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COLLVNET
| Q4 25 | $205.4M | — | ||
| Q3 25 | $209.4M | $362.7M | ||
| Q2 25 | $188.0M | — | ||
| Q1 25 | $177.8M | $309.5M | ||
| Q4 24 | $181.9M | — | ||
| Q3 24 | $159.3M | $302.2M | ||
| Q2 24 | $145.3M | $274.4M | ||
| Q1 24 | $144.9M | $262.9M |
净利润COLLVNET
| Q4 25 | $17.0M | — | ||
| Q3 25 | $31.5M | $-38.7M | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $2.4M | $-2.4M | ||
| Q4 24 | $12.5M | — | ||
| Q3 24 | $9.3M | $-2.1M | ||
| Q2 24 | $19.6M | $-1.1M | ||
| Q1 24 | $27.7M | $-22.0M |
毛利率COLLVNET
| Q4 25 | 62.5% | — | ||
| Q3 25 | 61.7% | 20.9% | ||
| Q2 25 | 57.7% | — | ||
| Q1 25 | 54.8% | 25.2% | ||
| Q4 24 | 54.0% | — | ||
| Q3 24 | 60.8% | 23.2% | ||
| Q2 24 | 62.5% | 21.3% | ||
| Q1 24 | 63.1% | 21.6% |
营业利润率COLLVNET
| Q4 25 | 29.6% | — | ||
| Q3 25 | 29.7% | 0.5% | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | 12.2% | 0.1% | ||
| Q4 24 | 20.9% | — | ||
| Q3 24 | 21.9% | 24.5% | ||
| Q2 24 | 32.7% | 0.2% | ||
| Q1 24 | 34.1% | 0.2% |
净利率COLLVNET
| Q4 25 | 8.3% | — | ||
| Q3 25 | 15.0% | -10.7% | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 1.4% | -0.8% | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 5.9% | -0.7% | ||
| Q2 24 | 13.5% | -0.4% | ||
| Q1 24 | 19.1% | -8.4% |
每股收益（稀释后）COLLVNET
| Q4 25 | $0.48 | — | ||
| Q3 25 | $0.84 | — | ||
| Q2 25 | $0.34 | — | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.52 | — | ||
| Q1 24 | $0.71 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $386.7M | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $301.7M | $890.8M |
| 总资产 | $1.7B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COLLVNET
| Q4 25 | $386.7M | — | ||
| Q3 25 | $285.9M | $492.1M | ||
| Q2 25 | $222.2M | — | ||
| Q1 25 | $197.8M | $544.3M | ||
| Q4 24 | $162.8M | — | ||
| Q3 24 | $120.0M | $219.5M | ||
| Q2 24 | $271.6M | $247.2M | ||
| Q1 24 | $318.0M | $246.9M |
总债务COLLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COLLVNET
| Q4 25 | $301.7M | — | ||
| Q3 25 | $274.8M | $890.8M | ||
| Q2 25 | $232.2M | — | ||
| Q1 25 | $234.4M | $927.8M | ||
| Q4 24 | $228.8M | — | ||
| Q3 24 | $234.3M | $902.9M | ||
| Q2 24 | $216.6M | $900.6M | ||
| Q1 24 | $222.2M | $895.1M |
总资产COLLVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.6B | $6.1B | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.6B | $5.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.1B | $4.0B | ||
| Q1 24 | $1.1B | $3.9B |
负债/权益比COLLVNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $123.0M | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $122.4M | $-193.1M |
| 自由现金流率自由现金流/营收 | 59.6% | -53.2% |
| 资本支出强度资本支出/营收 | 0.3% | 84.6% |
| 现金转化率经营现金流/净利润 | 7.25× | — |
| 过去12个月自由现金流最近4个季度 | $327.6M | $-589.7M |
8季度趋势，按日历期对齐
经营现金流COLLVNET
| Q4 25 | $123.0M | — | ||
| Q3 25 | $78.4M | $113.8M | ||
| Q2 25 | $72.4M | — | ||
| Q1 25 | $55.4M | $27.0M | ||
| Q4 24 | $84.6M | — | ||
| Q3 24 | $-9.0M | $108.3M | ||
| Q2 24 | $67.4M | $55.8M | ||
| Q1 24 | $61.9M | $37.1M |
自由现金流COLLVNET
| Q4 25 | $122.4M | — | ||
| Q3 25 | $78.3M | $-193.1M | ||
| Q2 25 | $72.4M | — | ||
| Q1 25 | $54.6M | $-220.0M | ||
| Q4 24 | $84.1M | — | ||
| Q3 24 | $-9.2M | $-95.0M | ||
| Q2 24 | $67.1M | $-81.6M | ||
| Q1 24 | $61.4M | $-102.2M |
自由现金流率COLLVNET
| Q4 25 | 59.6% | — | ||
| Q3 25 | 37.4% | -53.2% | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 30.7% | -71.1% | ||
| Q4 24 | 46.2% | — | ||
| Q3 24 | -5.8% | -31.4% | ||
| Q2 24 | 46.2% | -29.8% | ||
| Q1 24 | 42.3% | -38.9% |
资本支出强度COLLVNET
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.1% | 84.6% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.4% | 79.8% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | 67.3% | ||
| Q2 24 | 0.2% | 50.1% | ||
| Q1 24 | 0.4% | 53.0% |
现金转化率COLLVNET
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
