Collegium Pharmaceutical vs Innoviva
Collegium Pharmaceutical reported revenue of $781 million in fiscal 2025, 1.9 times Innoviva's $411 million in fiscal 2025. Collegium Pharmaceutical's revenue grew 23.6% in its latest year, and Innoviva's grew 14.7%. Collegium Pharmaceutical had an operating margin of 23.0%, against 39.8% at Innoviva. Free cash flow was $328 million at Collegium Pharmaceutical and $196 million at Innoviva.
Side by side
| Collegium Pharmaceutical | Innoviva | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $781M | $411M |
| Revenue growth | 23.6% | 14.7% |
| Revenue growth a year, last 5 years | 20.3% | 4.1% |
| Gross margin | 59.4% | 74.8% |
| Operating margin | 23.0% | 39.8% |
| Net margin | 8.1% | 65.9% |
| Free cash flow | $328M | $196M |
| Free cash flow margin | 42.0% | 47.6% |
| Return on capital | 53.4% | 17.9% |
| Net debt to EBITDA | −0.4x | — |
| Dividends and buybacks | $25M | $4M |
| Change in diluted share count | −1.8% | 14.2% |
| Last close | $23.21 | $21.05 |
| P/E at the last close | 18.7× | 5.1× |
| Insider trades, last 12 months | sold $7.2 million | — |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Collegium PharmaceuticalInnoviva
Operating margin
Percent of revenue
Collegium PharmaceuticalInnoviva
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Collegium PharmaceuticalInnoviva
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Collegium Pharmaceutical and Innoviva pages.