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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Hut 8 Corp. (HUT). Click either name above to swap in a different company.

Hut 8 Corp. is the larger business by last-quarter revenue ($88.5M vs $64.6M, roughly 1.4× ESTABLISHMENT LABS HOLDINGS INC.). On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 45.2%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 30.8%).

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.

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

ESTA vs HUT — Head-to-Head

Bigger by revenue
HUT
HUT
1.4× larger
HUT
$88.5M
$64.6M
ESTA
Growing faster (revenue YoY)
HUT
HUT
+134.1% gap
HUT
179.2%
45.2%
ESTA
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
30.8%
HUT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
HUT
HUT
Revenue
$64.6M
$88.5M
Net Profit
$-279.7M
Gross Margin
70.5%
60.4%
Operating Margin
-6.1%
-491.4%
Net Margin
-316.0%
Revenue YoY
45.2%
179.2%
Net Profit YoY
-283.7%
EPS (diluted)
$-0.07
$-2.45

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
HUT
HUT
Q4 25
$64.6M
$88.5M
Q3 25
$53.8M
$83.5M
Q2 25
$51.3M
$41.3M
Q1 25
$41.4M
$21.8M
Q4 24
$44.5M
$31.7M
Q3 24
$40.2M
$43.7M
Q2 24
$44.1M
$35.2M
Q1 24
$37.2M
$51.7M
Net Profit
ESTA
ESTA
HUT
HUT
Q4 25
$-279.7M
Q3 25
$-11.1M
$50.1M
Q2 25
$-16.6M
$137.3M
Q1 25
$-20.7M
$-133.9M
Q4 24
$152.2M
Q3 24
$-16.7M
$647.0K
Q2 24
$-17.2M
$-71.9M
Q1 24
$-16.2M
$250.9M
Gross Margin
ESTA
ESTA
HUT
HUT
Q4 25
70.5%
60.4%
Q3 25
70.1%
61.3%
Q2 25
68.8%
47.3%
Q1 25
67.2%
14.5%
Q4 24
68.5%
35.9%
Q3 24
63.9%
59.9%
Q2 24
65.6%
41.4%
Q1 24
65.6%
45.6%
Operating Margin
ESTA
ESTA
HUT
HUT
Q4 25
-6.1%
-491.4%
Q3 25
-7.5%
87.0%
Q2 25
-27.5%
Q1 25
-41.0%
-676.8%
Q4 24
-41.9%
Q3 24
-32.7%
-3.6%
Q2 24
-21.2%
-246.2%
Q1 24
-23.8%
Net Margin
ESTA
ESTA
HUT
HUT
Q4 25
-316.0%
Q3 25
-20.7%
60.0%
Q2 25
-32.3%
332.5%
Q1 25
-50.1%
-613.7%
Q4 24
480.3%
Q3 24
-41.5%
1.5%
Q2 24
-38.9%
-204.1%
Q1 24
-43.6%
484.9%
EPS (diluted)
ESTA
ESTA
HUT
HUT
Q4 25
$-0.07
$-2.45
Q3 25
$-0.38
$0.43
Q2 25
$-0.57
$1.18
Q1 25
$-0.70
$-1.30
Q4 24
$-1.21
$1.41
Q3 24
$-0.59
$0.01
Q2 24
$-0.62
$-0.78
Q1 24
$-0.58
$2.76

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
HUT
HUT
Cash + ST InvestmentsLiquidity on hand
$75.6M
$44.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$1.4B
Total Assets
$357.2M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
HUT
HUT
Q4 25
$75.6M
$44.9M
Q3 25
$70.6M
$33.5M
Q2 25
$54.6M
$216.3M
Q1 25
$69.2M
$108.4M
Q4 24
$90.3M
$85.0M
Q3 24
Q2 24
Q1 24
$11.5M
Total Debt
ESTA
ESTA
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Q1 24
$177.6M
Stockholders' Equity
ESTA
ESTA
HUT
HUT
Q4 25
$23.5M
$1.4B
Q3 25
$16.4M
$1.4B
Q2 25
$22.8M
$1.3B
Q1 25
$38.5M
$960.0M
Q4 24
$53.1M
$976.7M
Q3 24
$32.7M
$703.9M
Q2 24
$45.0M
$660.1M
Q1 24
$56.9M
$732.0M
Total Assets
ESTA
ESTA
HUT
HUT
Q4 25
$357.2M
$2.8B
Q3 25
$338.9M
$2.7B
Q2 25
$329.7M
$2.0B
Q1 25
$333.4M
$1.6B
Q4 24
$346.8M
$1.5B
Q3 24
$282.7M
$1.1B
Q2 24
$285.1M
$1.1B
Q1 24
$301.8M
$999.0M
Debt / Equity
ESTA
ESTA
HUT
HUT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
0.31×
Q3 24
0.42×
Q2 24
0.50×
Q1 24
0.24×

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
HUT
HUT
Operating Cash FlowLast quarter
$-162.0K
$-139.2M
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
ESTA
ESTA
HUT
HUT
Q4 25
$-162.0K
$-139.2M
Q3 25
$-11.3M
$770.0K
Q2 25
$-18.8M
$-48.8M
Q1 25
$-20.7M
$-33.8M
Q4 24
$-20.7M
$-68.5M
Q3 24
$-12.5M
$-4.2M
Q2 24
$-14.2M
$-16.4M
Q1 24
$-11.2M
$-26.3M
Free Cash Flow
ESTA
ESTA
HUT
HUT
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
ESTA
ESTA
HUT
HUT
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
ESTA
ESTA
HUT
HUT
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
ESTA
ESTA
HUT
HUT
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24
Q1 24
-0.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESTA
ESTA

Segment breakdown not available.

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

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