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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
Apollo Commercial Real Estate Finance, Inc. is the larger business by last-quarter revenue ($73.3M vs $64.6M, roughly 1.1× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 4.0%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
ARI vs ESTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $64.6M |
| Net Profit | $29.2M | — |
| Gross Margin | — | 70.5% |
| Operating Margin | 39.7% | -6.1% |
| Net Margin | 39.9% | — |
| Revenue YoY | 4.0% | 45.2% |
| Net Profit YoY | -28.2% | — |
| EPS (diluted) | $0.19 | $-0.07 |
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.
| Q4 25 | $73.3M | $64.6M | ||
| Q3 25 | $61.6M | $53.8M | ||
| Q2 25 | $70.9M | $51.3M | ||
| Q1 25 | $65.8M | $41.4M | ||
| Q4 24 | $70.5M | $44.5M | ||
| Q3 24 | $71.6M | $40.2M | ||
| Q2 24 | $81.1M | $44.1M | ||
| Q1 24 | $80.5M | $37.2M |
| Q4 25 | $29.2M | — | ||
| Q3 25 | $50.8M | $-11.1M | ||
| Q2 25 | $20.7M | $-16.6M | ||
| Q1 25 | $26.0M | $-20.7M | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $-91.5M | $-16.7M | ||
| Q2 24 | $35.8M | $-17.2M | ||
| Q1 24 | $-104.5M | $-16.2M |
| Q4 25 | — | 70.5% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 67.2% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 65.6% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | 39.7% | -6.1% | ||
| Q3 25 | 82.8% | -7.5% | ||
| Q2 25 | 29.4% | -27.5% | ||
| Q1 25 | 39.7% | -41.0% | ||
| Q4 24 | 57.9% | -41.9% | ||
| Q3 24 | -127.8% | -32.7% | ||
| Q2 24 | 44.2% | -21.2% | ||
| Q1 24 | -129.6% | -23.8% |
| Q4 25 | 39.9% | — | ||
| Q3 25 | 82.4% | -20.7% | ||
| Q2 25 | 29.3% | -32.3% | ||
| Q1 25 | 39.5% | -50.1% | ||
| Q4 24 | 57.7% | — | ||
| Q3 24 | -127.9% | -41.5% | ||
| Q2 24 | 44.1% | -38.9% | ||
| Q1 24 | -129.8% | -43.6% |
| Q4 25 | $0.19 | $-0.07 | ||
| Q3 25 | $0.34 | $-0.38 | ||
| Q2 25 | $0.12 | $-0.57 | ||
| Q1 25 | $0.16 | $-0.70 | ||
| Q4 24 | $0.25 | $-1.21 | ||
| Q3 24 | $-0.69 | $-0.59 | ||
| Q2 24 | $0.23 | $-0.62 | ||
| Q1 24 | $-0.76 | $-0.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $75.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $23.5M |
| Total Assets | $9.9B | $357.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $75.6M | ||
| Q3 25 | $245.9M | $70.6M | ||
| Q2 25 | $177.6M | $54.6M | ||
| Q1 25 | $166.4M | $69.2M | ||
| Q4 24 | $317.4M | $90.3M | ||
| Q3 24 | $194.3M | — | ||
| Q2 24 | $174.7M | — | ||
| Q1 24 | $161.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $23.5M | ||
| Q3 25 | $1.9B | $16.4M | ||
| Q2 25 | $1.8B | $22.8M | ||
| Q1 25 | $1.9B | $38.5M | ||
| Q4 24 | $1.9B | $53.1M | ||
| Q3 24 | $1.9B | $32.7M | ||
| Q2 24 | $2.0B | $45.0M | ||
| Q1 24 | $2.0B | $56.9M |
| Q4 25 | $9.9B | $357.2M | ||
| Q3 25 | $9.5B | $338.9M | ||
| Q2 25 | $9.8B | $329.7M | ||
| Q1 25 | $8.8B | $333.4M | ||
| Q4 24 | $8.4B | $346.8M | ||
| Q3 24 | $9.1B | $282.7M | ||
| Q2 24 | $9.3B | $285.1M | ||
| Q1 24 | $9.2B | $301.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $-162.0K |
| Free Cash FlowOCF − Capex | — | $-2.0M |
| FCF MarginFCF / Revenue | — | -3.1% |
| Capex IntensityCapex / Revenue | — | 2.8% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $-162.0K | ||
| Q3 25 | $31.7M | $-11.3M | ||
| Q2 25 | $63.2M | $-18.8M | ||
| Q1 25 | $39.3M | $-20.7M | ||
| Q4 24 | $200.3M | $-20.7M | ||
| Q3 24 | $47.2M | $-12.5M | ||
| Q2 24 | $50.2M | $-14.2M | ||
| Q1 24 | $52.8M | $-11.2M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | — | $-13.1M | ||
| Q2 25 | — | $-20.4M | ||
| Q1 25 | — | $-21.5M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-13.9M | ||
| Q2 24 | — | $-15.0M | ||
| Q1 24 | — | $-14.5M |
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | -24.4% | ||
| Q2 25 | — | -39.7% | ||
| Q1 25 | — | -51.9% | ||
| Q4 24 | — | -47.8% | ||
| Q3 24 | — | -34.6% | ||
| Q2 24 | — | -33.9% | ||
| Q1 24 | — | -38.9% |
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
