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Side-by-side financial comparison of Anteris Technologies Global Corp. (AVR) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $310.0K, roughly 208.4× Anteris Technologies Global Corp.). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-18.9M).
Anteris Technologies Global Corp is a medical technology firm specializing in innovative structural heart care solutions. It develops and commercializes bioprosthetic heart valves and transcatheter intervention products, serving healthcare providers across North America, Europe, and Asia-Pacific, with core focus on cardiac surgery and interventional cardiology segments.
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.
AVR vs ESTA — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $310.0K | $64.6M |
| Net Profit | $-29.2M | — |
| Gross Margin | 70.6% | 70.5% |
| Operating Margin | -9343.5% | -6.1% |
| Net Margin | -9420.0% | — |
| Revenue YoY | — | 45.2% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.74 | $-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 | $310.0K | $64.6M | ||
| Q3 25 | $429.0K | $53.8M | ||
| Q2 25 | $618.0K | $51.3M | ||
| Q1 25 | $556.0K | $41.4M | ||
| Q4 24 | — | $44.5M | ||
| Q3 24 | — | $40.2M | ||
| Q2 24 | — | $44.1M | ||
| Q1 24 | — | $37.2M |
| Q4 25 | $-29.2M | — | ||
| Q3 25 | $-22.2M | $-11.1M | ||
| Q2 25 | $-20.8M | $-16.6M | ||
| Q1 25 | $-21.9M | $-20.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-16.7M | ||
| Q2 24 | — | $-17.2M | ||
| Q1 24 | — | $-16.2M |
| Q4 25 | 70.6% | 70.5% | ||
| Q3 25 | 71.3% | 70.1% | ||
| Q2 25 | 76.1% | 68.8% | ||
| Q1 25 | 62.8% | 67.2% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 65.6% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | -9343.5% | -6.1% | ||
| Q3 25 | -5190.0% | -7.5% | ||
| Q2 25 | -3379.3% | -27.5% | ||
| Q1 25 | -3917.3% | -41.0% | ||
| Q4 24 | — | -41.9% | ||
| Q3 24 | — | -32.7% | ||
| Q2 24 | — | -21.2% | ||
| Q1 24 | — | -23.8% |
| Q4 25 | -9420.0% | — | ||
| Q3 25 | -5185.1% | -20.7% | ||
| Q2 25 | -3371.2% | -32.3% | ||
| Q1 25 | -3932.4% | -50.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -41.5% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.6% |
| Q4 25 | $-0.74 | $-0.07 | ||
| Q3 25 | $-0.62 | $-0.38 | ||
| Q2 25 | $-0.58 | $-0.57 | ||
| Q1 25 | $-0.61 | $-0.70 | ||
| Q4 24 | — | $-1.21 | ||
| Q3 24 | — | $-0.59 | ||
| Q2 24 | — | $-0.62 | ||
| Q1 24 | — | $-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 | — | $75.6M |
| Total DebtLower is stronger | $22.0K | — |
| Stockholders' EquityBook value | $-93.0K | $23.5M |
| Total Assets | $23.0M | $357.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $75.6M | ||
| Q3 25 | — | $70.6M | ||
| Q2 25 | — | $54.6M | ||
| Q1 25 | $49.0M | $69.2M | ||
| Q4 24 | — | $90.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $22.0K | — | ||
| Q3 25 | $26.0K | — | ||
| Q2 25 | $30.0K | — | ||
| Q1 25 | $30.0K | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-93.0K | $23.5M | ||
| Q3 25 | $3.7M | $16.4M | ||
| Q2 25 | $24.4M | $22.8M | ||
| Q1 25 | $43.3M | $38.5M | ||
| Q4 24 | — | $53.1M | ||
| Q3 24 | — | $32.7M | ||
| Q2 24 | — | $45.0M | ||
| Q1 24 | — | $56.9M |
| Q4 25 | $23.0M | $357.2M | ||
| Q3 25 | $19.1M | $338.9M | ||
| Q2 25 | $39.9M | $329.7M | ||
| Q1 25 | $58.8M | $333.4M | ||
| Q4 24 | — | $346.8M | ||
| Q3 24 | — | $282.7M | ||
| Q2 24 | — | $285.1M | ||
| Q1 24 | — | $301.8M |
| Q4 25 | — | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| 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 | $-18.5M | $-162.0K |
| Free Cash FlowOCF − Capex | $-18.9M | $-2.0M |
| FCF MarginFCF / Revenue | -6104.5% | -3.1% |
| Capex IntensityCapex / Revenue | 128.1% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-79.8M | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.5M | $-162.0K | ||
| Q3 25 | $-18.3M | $-11.3M | ||
| Q2 25 | $-19.5M | $-18.8M | ||
| Q1 25 | $-21.5M | $-20.7M | ||
| Q4 24 | — | $-20.7M | ||
| Q3 24 | — | $-12.5M | ||
| Q2 24 | — | $-14.2M | ||
| Q1 24 | — | $-11.2M |
| Q4 25 | $-18.9M | $-2.0M | ||
| Q3 25 | $-19.0M | $-13.1M | ||
| Q2 25 | $-20.1M | $-20.4M | ||
| Q1 25 | $-21.7M | $-21.5M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-13.9M | ||
| Q2 24 | — | $-15.0M | ||
| Q1 24 | — | $-14.5M |
| Q4 25 | -6104.5% | -3.1% | ||
| Q3 25 | -4434.5% | -24.4% | ||
| Q2 25 | -3247.9% | -39.7% | ||
| Q1 25 | -3909.5% | -51.9% | ||
| Q4 24 | — | -47.8% | ||
| Q3 24 | — | -34.6% | ||
| Q2 24 | — | -33.9% | ||
| Q1 24 | — | -38.9% |
| Q4 25 | 128.1% | 2.8% | ||
| Q3 25 | 180.0% | 3.4% | ||
| Q2 25 | 86.9% | 3.2% | ||
| Q1 25 | 44.6% | 1.8% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 8.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
