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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $64.6M, roughly 1.8× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 0.7%).
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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
ESTA vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $113.9M |
| Net Profit | — | $-1.8M |
| Gross Margin | 70.5% | — |
| Operating Margin | -6.1% | -22.1% |
| Net Margin | — | -1.6% |
| Revenue YoY | 45.2% | 3.1% |
| Net Profit YoY | — | 92.6% |
| EPS (diluted) | $-0.07 | $-0.02 |
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 | $64.6M | $113.9M | ||
| Q3 25 | $53.8M | $110.9M | ||
| Q2 25 | $51.3M | $112.1M | ||
| Q1 25 | $41.4M | $111.9M | ||
| Q4 24 | $44.5M | $110.5M | ||
| Q3 24 | $40.2M | $108.9M | ||
| Q2 24 | $44.1M | $110.6M | ||
| Q1 24 | $37.2M | $112.2M |
| Q4 25 | — | $-1.8M | ||
| Q3 25 | $-11.1M | $-21.6M | ||
| Q2 25 | $-16.6M | $-21.3M | ||
| Q1 25 | $-20.7M | $-21.5M | ||
| Q4 24 | — | $-24.1M | ||
| Q3 24 | $-16.7M | $-25.0M | ||
| Q2 24 | $-17.2M | $-23.2M | ||
| Q1 24 | $-16.2M | $-23.4M |
| 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% | — |
| Q4 25 | -6.1% | -22.1% | ||
| Q3 25 | -7.5% | -29.4% | ||
| Q2 25 | -27.5% | -30.8% | ||
| Q1 25 | -41.0% | -26.9% | ||
| Q4 24 | -41.9% | -31.1% | ||
| Q3 24 | -32.7% | -33.5% | ||
| Q2 24 | -21.2% | -32.4% | ||
| Q1 24 | -23.8% | -31.7% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | -20.7% | -19.4% | ||
| Q2 25 | -32.3% | -19.0% | ||
| Q1 25 | -50.1% | -19.2% | ||
| Q4 24 | — | -21.8% | ||
| Q3 24 | -41.5% | -22.9% | ||
| Q2 24 | -38.9% | -20.9% | ||
| Q1 24 | -43.6% | -20.9% |
| Q4 25 | $-0.07 | $-0.02 | ||
| Q3 25 | $-0.38 | $-0.33 | ||
| Q2 25 | $-0.57 | $-0.32 | ||
| Q1 25 | $-0.70 | $-0.33 | ||
| Q4 24 | $-1.21 | $-0.37 | ||
| Q3 24 | $-0.59 | $-0.38 | ||
| Q2 24 | $-0.62 | $-0.35 | ||
| Q1 24 | $-0.58 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $23.5M | $489.7M |
| Total Assets | $357.2M | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $94.8M | ||
| Q3 25 | $70.6M | $83.2M | ||
| Q2 25 | $54.6M | $58.6M | ||
| Q1 25 | $69.2M | $108.0M | ||
| Q4 24 | $90.3M | $131.7M | ||
| Q3 24 | — | $153.9M | ||
| Q2 24 | — | $146.2M | ||
| Q1 24 | — | $128.4M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $0 | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $23.5M | $489.7M | ||
| Q3 25 | $16.4M | $494.1M | ||
| Q2 25 | $22.8M | $519.1M | ||
| Q1 25 | $38.5M | $539.5M | ||
| Q4 24 | $53.1M | $562.0M | ||
| Q3 24 | $32.7M | $585.9M | ||
| Q2 24 | $45.0M | $618.3M | ||
| Q1 24 | $56.9M | $643.2M |
| Q4 25 | $357.2M | $5.2B | ||
| Q3 25 | $338.9M | $5.2B | ||
| Q2 25 | $329.7M | $5.2B | ||
| Q1 25 | $333.4M | $5.4B | ||
| Q4 24 | $346.8M | $5.4B | ||
| Q3 24 | $282.7M | $5.5B | ||
| Q2 24 | $285.1M | $5.5B | ||
| Q1 24 | $301.8M | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | 0.00× | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $-162.0K | $60.7M |
| Free Cash FlowOCF − Capex | $-2.0M | $42.0M |
| FCF MarginFCF / Revenue | -3.1% | 36.9% |
| Capex IntensityCapex / Revenue | 2.8% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $60.7M | ||
| Q3 25 | $-11.3M | $22.7M | ||
| Q2 25 | $-18.8M | $18.4M | ||
| Q1 25 | $-20.7M | $11.4M | ||
| Q4 24 | $-20.7M | $2.0M | ||
| Q3 24 | $-12.5M | $-3.4M | ||
| Q2 24 | $-14.2M | $10.8M | ||
| Q1 24 | $-11.2M | $8.0M |
| Q4 25 | $-2.0M | $42.0M | ||
| Q3 25 | $-13.1M | $17.6M | ||
| Q2 25 | $-20.4M | $15.2M | ||
| Q1 25 | $-21.5M | $5.0M | ||
| Q4 24 | $-21.3M | $-3.7M | ||
| Q3 24 | $-13.9M | $-5.9M | ||
| Q2 24 | $-15.0M | $9.4M | ||
| Q1 24 | $-14.5M | $5.9M |
| Q4 25 | -3.1% | 36.9% | ||
| Q3 25 | -24.4% | 15.9% | ||
| Q2 25 | -39.7% | 13.5% | ||
| Q1 25 | -51.9% | 4.5% | ||
| Q4 24 | -47.8% | -3.4% | ||
| Q3 24 | -34.6% | -5.5% | ||
| Q2 24 | -33.9% | 8.5% | ||
| Q1 24 | -38.9% | 5.2% |
| Q4 25 | 2.8% | 16.4% | ||
| Q3 25 | 3.4% | 4.6% | ||
| Q2 25 | 3.2% | 2.9% | ||
| Q1 25 | 1.8% | 5.7% | ||
| Q4 24 | 1.2% | 5.2% | ||
| Q3 24 | 3.7% | 2.3% | ||
| Q2 24 | 1.8% | 1.3% | ||
| Q1 24 | 8.9% | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
