Collegium Pharmaceutical (FRA:354) Operating Income: €161.6 Mil (TTM As of Mar. 2026)

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FRA:354 Collegium Pharmaceutical Inc FRA:354
78 GF Score
Price €30.40
GF Value €36.88
! 3 Warning Signs
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What is Collegium Pharmaceutical Operating Income?

Collegium Pharmaceutical FRA:354 78 Operating Income is €161.6 Mil as of Mar. 2026. GuruFocus rates FRA:354 with a GF Score™ of 78/100 and a GF Value™ of €36.88. The stock has 3 warning signs investors should review.

Collegium Pharmaceutical's Operating Income for the three months ended in Mar. 2026 was €26.7 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €161.6 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Collegium Pharmaceutical's Operating Income for the three months ended in Mar. 2026 was €26.7 Mil. Collegium Pharmaceutical's Revenue for the three months ended in Mar. 2026 was €167.4 Mil. Therefore, Collegium Pharmaceutical's Operating Margin % for the quarter that ended in Mar. 2026 was 15.97%.

Good Sign:

Collegium Pharmaceutical Inc operating margin is expanding. Margin expansion is usually a good sign.

Collegium Pharmaceutical's 5-Year average Growth Rate for Operating Margin % was 19.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Collegium Pharmaceutical's annualized ROC % for the quarter that ended in Mar. 2026 was 9.87%. Collegium Pharmaceutical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 875.18%.


Collegium Pharmaceutical  (FRA:354) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Collegium Pharmaceutical's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=106.9 * ( 1 - 22.65% )/( (856.26 + 819.456)/ 2 )
=82.68715/837.858
=9.87 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1414.936 - 343.995 - ( 330.224 - max(0, 375.784 - 590.465+330.224))
=856.26

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1428.941 - 340.734 - ( 364.816 - max(0, 376.252 - 645.003+364.816))
=819.456

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Collegium Pharmaceutical's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=119.724/( ( (13.835 + max(-89.575, 0)) + (13.525 + max(-66.591, 0)) )/ 2 )
=119.724/( ( 13.835 + 13.525 )/ 2 )
=119.724/13.68
=875.18 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(180.474 + 34.939 + 44.828) - (343.995 + 0.57 + 5.251)
=-89.575

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(197.879 + 36.971 + 45.337) - (340.734 + 0.577 + 5.467)
=-66.591

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Collegium Pharmaceutical's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=26.725/167.395
=15.97 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Collegium Pharmaceutical Operating Income Related Terms


Collegium Pharmaceutical Operating Income Historical Data

* Premium members only.

The historical data trend for Collegium Pharmaceutical's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Collegium Pharmaceutical Operating Income Chart

Collegium Pharmaceutical Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.65 31.45 153.10 159.47 152.40

Collegium Pharmaceutical Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.33 30.13 52.88 51.87 26.73
FRA:354
78GF Score
Collegium Pharmaceutical Inc FRA:354
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Collegium Pharmaceutical Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €161.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of €161.6 Mil mean?
Collegium Pharmaceutical (FRA:354) has a Operating Income of €161.6 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Collegium Pharmaceutical and its competitors.
Is Collegium Pharmaceutical's Operating Income too high?
Collegium Pharmaceutical's current Operating Income is €161.6 Mil. Overall, Collegium Pharmaceutical has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Collegium Pharmaceutical's Operating Income compare to ETON and ALVO?
Collegium Pharmaceutical's Operating Income of €161.6 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Drug Manufacturers company?
A good Operating Income depends on the Drug Manufacturers industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Collegium Pharmaceutical and its competitors. Collegium Pharmaceutical's current Operating Income is €161.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Collegium Pharmaceutical stock overvalued right now?
Collegium Pharmaceutical (FRA:354) has a current Operating Income of €161.6 Mil. The stock's GF Value™ is €36.88, compared to a current price of €30.40 — trading 17.6% below its estimated fair value. The current Operating Income is €161.6 Mil. Collegium Pharmaceutical's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Collegium Pharmaceutical (FRA:354), the current Operating Income is €161.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Collegium Pharmaceutical (FRA:354) Overvalued in 2026?

Based on GuruFocus' analysis, Collegium Pharmaceutical stock appears to be undervalued. The current stock price of €30.40 is trading 17.6% below its estimated GF Value™ of €36.88.

Key valuation signals for FRA:354:

  • Operating Income: €161.6 Mil
  • GF Value™: €36.88 vs. price of €30.40 (17.6% below fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the FRA:354 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Collegium Pharmaceutical Business Description

Other Exchanges COLL:USA354:Germany
Address 100 Technology Center Drive, Stoughton, MA, USA, 02072
Collegium Pharmaceutical Inc is a diversified biopharmaceutical company committed to improving the lives of people living with serious medical conditions. The company has developed, licensed, and acquired a portfolio of meaningfully differentiated products for the treatment of attention deficit hyperactivity disorder (ADHD) and moderate to severe pain. It commercializes its products in the United States, including Jornay PM, Belbuca, Xtampza ER, Nucynta ER, Nucynta IR (collectively, the Nucynta Products), and Symproic. The company's product portfolio includes Jornay PM, Belbuca, Xtampza ER, Nucynta IR, Nucynta ER, and Symproic.
78GF Score

Get the complete analysis for FRA:354

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.40
Price
€36.88
GF Value