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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.5× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 45.2%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 31.9%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs ESTA — Head-to-Head

Bigger by revenue
ESTA
ESTA
1.5× larger
ESTA
$64.6M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+486.1% gap
DX
531.3%
45.2%
ESTA
Faster 2-yr revenue CAGR
DX
DX
Annualised
DX
75.8%
31.9%
ESTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
ESTA
ESTA
Revenue
$43.5M
$64.6M
Net Profit
Gross Margin
70.5%
Operating Margin
-6.1%
Net Margin
Revenue YoY
531.3%
45.2%
Net Profit YoY
EPS (diluted)
$1.59
$-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.

Revenue
DX
DX
ESTA
ESTA
Q4 25
$43.5M
$64.6M
Q3 25
$30.6M
$53.8M
Q2 25
$23.1M
$51.3M
Q1 25
$17.1M
$41.4M
Q4 24
$44.5M
Q3 24
$40.2M
Q2 24
$44.1M
Q1 24
$-3.2M
$37.2M
Net Profit
DX
DX
ESTA
ESTA
Q4 25
Q3 25
$150.4M
$-11.1M
Q2 25
$-13.6M
$-16.6M
Q1 25
$-3.1M
$-20.7M
Q4 24
Q3 24
$-16.7M
Q2 24
$-17.2M
Q1 24
$40.1M
$-16.2M
Gross Margin
DX
DX
ESTA
ESTA
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%
Operating Margin
DX
DX
ESTA
ESTA
Q4 25
-6.1%
Q3 25
-7.5%
Q2 25
-27.5%
Q1 25
-41.0%
Q4 24
-41.9%
Q3 24
-32.7%
Q2 24
-21.2%
Q1 24
-23.8%
Net Margin
DX
DX
ESTA
ESTA
Q4 25
Q3 25
491.3%
-20.7%
Q2 25
-58.8%
-32.3%
Q1 25
-18.0%
-50.1%
Q4 24
Q3 24
-41.5%
Q2 24
-38.9%
Q1 24
-1256.8%
-43.6%
EPS (diluted)
DX
DX
ESTA
ESTA
Q4 25
$1.59
$-0.07
Q3 25
$1.08
$-0.38
Q2 25
$-0.14
$-0.57
Q1 25
$-0.06
$-0.70
Q4 24
$-1.21
Q3 24
$-0.59
Q2 24
$-0.62
Q1 24
$0.64
$-0.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DX
DX
ESTA
ESTA
Cash + ST InvestmentsLiquidity on hand
$531.0M
$75.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$23.5M
Total Assets
$17.3B
$357.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
ESTA
ESTA
Q4 25
$531.0M
$75.6M
Q3 25
$491.0M
$70.6M
Q2 25
$387.5M
$54.6M
Q1 25
$327.4M
$69.2M
Q4 24
$90.3M
Q3 24
Q2 24
Q1 24
$295.7M
Total Debt
DX
DX
ESTA
ESTA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DX
DX
ESTA
ESTA
Q4 25
$2.5B
$23.5M
Q3 25
$2.0B
$16.4M
Q2 25
$1.6B
$22.8M
Q1 25
$1.4B
$38.5M
Q4 24
$53.1M
Q3 24
$32.7M
Q2 24
$45.0M
Q1 24
$958.5M
$56.9M
Total Assets
DX
DX
ESTA
ESTA
Q4 25
$17.3B
$357.2M
Q3 25
$14.2B
$338.9M
Q2 25
$11.3B
$329.7M
Q1 25
$9.0B
$333.4M
Q4 24
$346.8M
Q3 24
$282.7M
Q2 24
$285.1M
Q1 24
$6.3B
$301.8M
Debt / Equity
DX
DX
ESTA
ESTA
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
DX
DX
ESTA
ESTA
Operating Cash FlowLast quarter
$120.8M
$-162.0K
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DX
DX
ESTA
ESTA
Q4 25
$120.8M
$-162.0K
Q3 25
$68.3M
$-11.3M
Q2 25
$31.9M
$-18.8M
Q1 25
$6.4M
$-20.7M
Q4 24
$-20.7M
Q3 24
$-12.5M
Q2 24
$-14.2M
Q1 24
$-17.1M
$-11.2M
Free Cash Flow
DX
DX
ESTA
ESTA
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
FCF Margin
DX
DX
ESTA
ESTA
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%
Capex Intensity
DX
DX
ESTA
ESTA
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%
Cash Conversion
DX
DX
ESTA
ESTA
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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