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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and HERITAGE COMMERCE CORP (HTBK). 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 $53.6M, roughly 1.2× HERITAGE COMMERCE CORP). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 15.6%). HERITAGE COMMERCE CORP produced more free cash flow last quarter ($61.3M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 12.8%).

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.

The United States Chamber of Commerce (USCC) is a business association advocacy group and is the largest lobbying group in the United States. The group was founded in April 23, 1912, out of local chambers of commerce at the urging of President William Howard Taft and his secretary of commerce and labor Charles Nagel. President Taft's belief was that the "government needed to deal with a group that could speak with authority for the interests of business."

ESTA vs HTBK — Head-to-Head

Bigger by revenue
ESTA
ESTA
1.2× larger
ESTA
$64.6M
$53.6M
HTBK
Growing faster (revenue YoY)
ESTA
ESTA
+29.5% gap
ESTA
45.2%
15.6%
HTBK
More free cash flow
HTBK
HTBK
$63.3M more FCF
HTBK
$61.3M
$-2.0M
ESTA
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
12.8%
HTBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
HTBK
HTBK
Revenue
$64.6M
$53.6M
Net Profit
$15.1M
Gross Margin
70.5%
Operating Margin
-6.1%
41.0%
Net Margin
28.2%
Revenue YoY
45.2%
15.6%
Net Profit YoY
42.3%
EPS (diluted)
$-0.07
$0.25

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
HTBK
HTBK
Q4 25
$64.6M
$53.6M
Q3 25
$53.8M
$50.0M
Q2 25
$51.3M
$47.8M
Q1 25
$41.4M
$46.1M
Q4 24
$44.5M
$46.4M
Q3 24
$40.2M
$42.2M
Q2 24
$44.1M
$41.7M
Q1 24
$37.2M
$42.1M
Net Profit
ESTA
ESTA
HTBK
HTBK
Q4 25
$15.1M
Q3 25
$-11.1M
$14.7M
Q2 25
$-16.6M
$6.4M
Q1 25
$-20.7M
$11.6M
Q4 24
$10.6M
Q3 24
$-16.7M
$10.5M
Q2 24
$-17.2M
$9.2M
Q1 24
$-16.2M
$10.2M
Gross Margin
ESTA
ESTA
HTBK
HTBK
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
HTBK
HTBK
Q4 25
-6.1%
41.0%
Q3 25
-7.5%
41.1%
Q2 25
-27.5%
18.7%
Q1 25
-41.0%
35.4%
Q4 24
-41.9%
31.8%
Q3 24
-32.7%
34.3%
Q2 24
-21.2%
31.3%
Q1 24
-23.8%
34.2%
Net Margin
ESTA
ESTA
HTBK
HTBK
Q4 25
28.2%
Q3 25
-20.7%
29.4%
Q2 25
-32.3%
13.4%
Q1 25
-50.1%
25.2%
Q4 24
22.9%
Q3 24
-41.5%
24.9%
Q2 24
-38.9%
22.1%
Q1 24
-43.6%
24.1%
EPS (diluted)
ESTA
ESTA
HTBK
HTBK
Q4 25
$-0.07
$0.25
Q3 25
$-0.38
$0.24
Q2 25
$-0.57
$0.10
Q1 25
$-0.70
$0.19
Q4 24
$-1.21
$0.17
Q3 24
$-0.59
$0.17
Q2 24
$-0.62
$0.15
Q1 24
$-0.58
$0.17

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
HTBK
HTBK
Cash + ST InvestmentsLiquidity on hand
$75.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$708.6M
Total Assets
$357.2M
$5.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
HTBK
HTBK
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
HTBK
HTBK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
HTBK
HTBK
Q4 25
$23.5M
$708.6M
Q3 25
$16.4M
$700.0M
Q2 25
$22.8M
$694.7M
Q1 25
$38.5M
$696.2M
Q4 24
$53.1M
$689.7M
Q3 24
$32.7M
$685.4M
Q2 24
$45.0M
$679.2M
Q1 24
$56.9M
$676.3M
Total Assets
ESTA
ESTA
HTBK
HTBK
Q4 25
$357.2M
$5.8B
Q3 25
$338.9M
$5.6B
Q2 25
$329.7M
$5.5B
Q1 25
$333.4M
$5.5B
Q4 24
$346.8M
$5.6B
Q3 24
$282.7M
$5.6B
Q2 24
$285.1M
$5.3B
Q1 24
$301.8M
$5.3B
Debt / Equity
ESTA
ESTA
HTBK
HTBK
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
ESTA
ESTA
HTBK
HTBK
Operating Cash FlowLast quarter
$-162.0K
$61.7M
Free Cash FlowOCF − Capex
$-2.0M
$61.3M
FCF MarginFCF / Revenue
-3.1%
114.3%
Capex IntensityCapex / Revenue
2.8%
0.7%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
HTBK
HTBK
Q4 25
$-162.0K
$61.7M
Q3 25
$-11.3M
$18.9M
Q2 25
$-18.8M
$8.0M
Q1 25
$-20.7M
$14.8M
Q4 24
$-20.7M
$39.0M
Q3 24
$-12.5M
$5.3M
Q2 24
$-14.2M
$10.5M
Q1 24
$-11.2M
$7.3M
Free Cash Flow
ESTA
ESTA
HTBK
HTBK
Q4 25
$-2.0M
$61.3M
Q3 25
$-13.1M
$18.8M
Q2 25
$-20.4M
Q1 25
$-21.5M
Q4 24
$-21.3M
$37.3M
Q3 24
$-13.9M
$4.9M
Q2 24
$-15.0M
$9.9M
Q1 24
$-14.5M
$6.9M
FCF Margin
ESTA
ESTA
HTBK
HTBK
Q4 25
-3.1%
114.3%
Q3 25
-24.4%
37.7%
Q2 25
-39.7%
Q1 25
-51.9%
Q4 24
-47.8%
80.5%
Q3 24
-34.6%
11.6%
Q2 24
-33.9%
23.6%
Q1 24
-38.9%
16.4%
Capex Intensity
ESTA
ESTA
HTBK
HTBK
Q4 25
2.8%
0.7%
Q3 25
3.4%
0.1%
Q2 25
3.2%
Q1 25
1.8%
Q4 24
1.2%
3.5%
Q3 24
3.7%
1.0%
Q2 24
1.8%
1.6%
Q1 24
8.9%
1.0%
Cash Conversion
ESTA
ESTA
HTBK
HTBK
Q4 25
4.08×
Q3 25
1.28×
Q2 25
1.25×
Q1 25
1.28×
Q4 24
3.67×
Q3 24
0.50×
Q2 24
1.14×
Q1 24
0.72×

Financial Flow Comparison

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

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