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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and GERMAN AMERICAN BANCORP, INC. (GABC). Click either name above to swap in a different company.

GERMAN AMERICAN BANCORP, INC. is the larger business by last-quarter revenue ($126.7M vs $64.6M, roughly 2.0× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 39.7%). GERMAN AMERICAN BANCORP, INC. produced more free cash flow last quarter ($154.0M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 22.7%).

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.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

ESTA vs GABC — Head-to-Head

Bigger by revenue
GABC
GABC
2.0× larger
GABC
$126.7M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+5.5% gap
ESTA
45.2%
39.7%
GABC
More free cash flow
GABC
GABC
$156.0M more FCF
GABC
$154.0M
$-2.0M
ESTA
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
22.7%
GABC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
GABC
GABC
Revenue
$64.6M
$126.7M
Net Profit
$35.7M
Gross Margin
70.5%
Operating Margin
-6.1%
34.6%
Net Margin
28.2%
Revenue YoY
45.2%
39.7%
Net Profit YoY
53.7%
EPS (diluted)
$-0.07
$0.98

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
ESTA
ESTA
GABC
GABC
Q4 25
$64.6M
$126.7M
Q3 25
$53.8M
$126.5M
Q2 25
$51.3M
$123.2M
Q1 25
$41.4M
$111.1M
Q4 24
$44.5M
$90.7M
Q3 24
$40.2M
$88.5M
Q2 24
$44.1M
$90.5M
Q1 24
$37.2M
$84.1M
Net Profit
ESTA
ESTA
GABC
GABC
Q4 25
$35.7M
Q3 25
$-11.1M
$35.1M
Q2 25
$-16.6M
$31.4M
Q1 25
$-20.7M
$10.5M
Q4 24
$23.2M
Q3 24
$-16.7M
$21.0M
Q2 24
$-17.2M
$20.5M
Q1 24
$-16.2M
$19.0M
Gross Margin
ESTA
ESTA
GABC
GABC
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
ESTA
ESTA
GABC
GABC
Q4 25
-6.1%
34.6%
Q3 25
-7.5%
34.6%
Q2 25
-27.5%
31.8%
Q1 25
-41.0%
12.0%
Q4 24
-41.9%
31.6%
Q3 24
-32.7%
29.0%
Q2 24
-21.2%
29.4%
Q1 24
-23.8%
27.6%
Net Margin
ESTA
ESTA
GABC
GABC
Q4 25
28.2%
Q3 25
-20.7%
27.7%
Q2 25
-32.3%
25.5%
Q1 25
-50.1%
9.5%
Q4 24
25.6%
Q3 24
-41.5%
23.8%
Q2 24
-38.9%
22.7%
Q1 24
-43.6%
22.6%
EPS (diluted)
ESTA
ESTA
GABC
GABC
Q4 25
$-0.07
$0.98
Q3 25
$-0.38
$0.94
Q2 25
$-0.57
$0.84
Q1 25
$-0.70
$0.30
Q4 24
$-1.21
$0.79
Q3 24
$-0.59
$0.71
Q2 24
$-0.62
$0.69
Q1 24
$-0.58
$0.64

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
GABC
GABC
Cash + ST InvestmentsLiquidity on hand
$75.6M
Total DebtLower is stronger
$100.0M
Stockholders' EquityBook value
$23.5M
$1.2B
Total Assets
$357.2M
$8.4B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
GABC
GABC
Q4 25
$75.6M
Q3 25
$70.6M
Q2 25
$54.6M
Q1 25
$69.2M
Q4 24
$90.3M
Q3 24
Q2 24
Q1 24
Total Debt
ESTA
ESTA
GABC
GABC
Q4 25
$100.0M
Q3 25
Q2 25
Q1 25
Q4 24
$0
$114.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
GABC
GABC
Q4 25
$23.5M
$1.2B
Q3 25
$16.4M
$1.1B
Q2 25
$22.8M
$1.1B
Q1 25
$38.5M
$1.0B
Q4 24
$53.1M
$715.1M
Q3 24
$32.7M
$744.6M
Q2 24
$45.0M
$687.8M
Q1 24
$56.9M
$655.3M
Total Assets
ESTA
ESTA
GABC
GABC
Q4 25
$357.2M
$8.4B
Q3 25
$338.9M
$8.4B
Q2 25
$329.7M
$8.3B
Q1 25
$333.4M
$8.4B
Q4 24
$346.8M
$6.3B
Q3 24
$282.7M
$6.3B
Q2 24
$285.1M
$6.2B
Q1 24
$301.8M
$6.1B
Debt / Equity
ESTA
ESTA
GABC
GABC
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
0.16×
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
ESTA
ESTA
GABC
GABC
Operating Cash FlowLast quarter
$-162.0K
$159.3M
Free Cash FlowOCF − Capex
$-2.0M
$154.0M
FCF MarginFCF / Revenue
-3.1%
121.6%
Capex IntensityCapex / Revenue
2.8%
4.2%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
GABC
GABC
Q4 25
$-162.0K
$159.3M
Q3 25
$-11.3M
$51.8M
Q2 25
$-18.8M
$26.9M
Q1 25
$-20.7M
$37.9M
Q4 24
$-20.7M
$95.8M
Q3 24
$-12.5M
$24.5M
Q2 24
$-14.2M
$18.7M
Q1 24
$-11.2M
$23.9M
Free Cash Flow
ESTA
ESTA
GABC
GABC
Q4 25
$-2.0M
$154.0M
Q3 25
$-13.1M
$50.1M
Q2 25
$-20.4M
$26.2M
Q1 25
$-21.5M
$36.7M
Q4 24
$-21.3M
$90.7M
Q3 24
$-13.9M
$23.0M
Q2 24
$-15.0M
$17.0M
Q1 24
$-14.5M
$22.6M
FCF Margin
ESTA
ESTA
GABC
GABC
Q4 25
-3.1%
121.6%
Q3 25
-24.4%
39.6%
Q2 25
-39.7%
21.2%
Q1 25
-51.9%
33.0%
Q4 24
-47.8%
100.1%
Q3 24
-34.6%
26.0%
Q2 24
-33.9%
18.8%
Q1 24
-38.9%
26.9%
Capex Intensity
ESTA
ESTA
GABC
GABC
Q4 25
2.8%
4.2%
Q3 25
3.4%
1.3%
Q2 25
3.2%
0.6%
Q1 25
1.8%
1.1%
Q4 24
1.2%
5.6%
Q3 24
3.7%
1.7%
Q2 24
1.8%
1.8%
Q1 24
8.9%
1.5%
Cash Conversion
ESTA
ESTA
GABC
GABC
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
4.13×
Q3 24
1.16×
Q2 24
0.91×
Q1 24
1.25×

Financial Flow Comparison

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

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