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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $64.6M, roughly 1.9× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 35.1%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 25.8%).
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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
ESTA vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $125.2M |
| Net Profit | — | $637.0K |
| Gross Margin | 70.5% | 57.6% |
| Operating Margin | -6.1% | 19.3% |
| Net Margin | — | 0.5% |
| Revenue YoY | 45.2% | 35.1% |
| Net Profit YoY | — | -88.0% |
| 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 | $125.2M | ||
| Q3 25 | $53.8M | $106.7M | ||
| Q2 25 | $51.3M | $91.7M | ||
| Q1 25 | $41.4M | $86.7M | ||
| Q4 24 | $44.5M | $92.7M | ||
| Q3 24 | $40.2M | $91.5M | ||
| Q2 24 | $44.1M | $89.0M | ||
| Q1 24 | $37.2M | $79.1M |
| Q4 25 | — | $637.0K | ||
| Q3 25 | $-11.1M | $20.7M | ||
| Q2 25 | $-16.6M | $11.3M | ||
| Q1 25 | $-20.7M | $2.3M | ||
| Q4 24 | — | $5.3M | ||
| Q3 24 | $-16.7M | $13.9M | ||
| Q2 24 | $-17.2M | $3.6M | ||
| Q1 24 | $-16.2M | $3.3M |
| Q4 25 | 70.5% | 57.6% | ||
| Q3 25 | 70.1% | 63.1% | ||
| Q2 25 | 68.8% | 58.5% | ||
| Q1 25 | 67.2% | 61.4% | ||
| Q4 24 | 68.5% | 52.2% | ||
| Q3 24 | 63.9% | 55.8% | ||
| Q2 24 | 65.6% | 49.4% | ||
| Q1 24 | 65.6% | 59.3% |
| Q4 25 | -6.1% | 19.3% | ||
| Q3 25 | -7.5% | 27.2% | ||
| Q2 25 | -27.5% | 15.6% | ||
| Q1 25 | -41.0% | 19.3% | ||
| Q4 24 | -41.9% | 10.3% | ||
| Q3 24 | -32.7% | 21.2% | ||
| Q2 24 | -21.2% | 3.2% | ||
| Q1 24 | -23.8% | 15.3% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | -20.7% | 19.4% | ||
| Q2 25 | -32.3% | 12.3% | ||
| Q1 25 | -50.1% | 2.7% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -41.5% | 15.2% | ||
| Q2 24 | -38.9% | 4.0% | ||
| Q1 24 | -43.6% | 4.1% |
| Q4 25 | $-0.07 | $0.02 | ||
| Q3 25 | $-0.38 | $0.37 | ||
| Q2 25 | $-0.57 | $0.20 | ||
| Q1 25 | $-0.70 | $0.04 | ||
| Q4 24 | $-1.21 | $0.09 | ||
| Q3 24 | $-0.59 | $0.26 | ||
| Q2 24 | $-0.62 | $0.07 | ||
| Q1 24 | $-0.58 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $337.9M |
| Total Assets | $357.2M | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $151.2M | ||
| Q3 25 | $70.6M | $143.1M | ||
| Q2 25 | $54.6M | $109.3M | ||
| Q1 25 | $69.2M | $97.1M | ||
| Q4 24 | $90.3M | $100.6M | ||
| Q3 24 | — | $104.5M | ||
| Q2 24 | — | $91.6M | ||
| Q1 24 | — | $81.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $337.9M | ||
| Q3 25 | $16.4M | $349.5M | ||
| Q2 25 | $22.8M | $320.4M | ||
| Q1 25 | $38.5M | $299.5M | ||
| Q4 24 | $53.1M | $299.5M | ||
| Q3 24 | $32.7M | $289.4M | ||
| Q2 24 | $45.0M | $267.2M | ||
| Q1 24 | $56.9M | $258.8M |
| Q4 25 | $357.2M | $894.0M | ||
| Q3 25 | $338.9M | $889.6M | ||
| Q2 25 | $329.7M | $868.6M | ||
| Q1 25 | $333.4M | $848.3M | ||
| Q4 24 | $346.8M | $830.4M | ||
| Q3 24 | $282.7M | $847.6M | ||
| Q2 24 | $285.1M | $827.4M | ||
| Q1 24 | $301.8M | $824.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $29.4M |
| Free Cash FlowOCF − Capex | $-2.0M | $28.0M |
| FCF MarginFCF / Revenue | -3.1% | 22.3% |
| Capex IntensityCapex / Revenue | 2.8% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $29.4M | ||
| Q3 25 | $-11.3M | $67.5M | ||
| Q2 25 | $-18.8M | $23.2M | ||
| Q1 25 | $-20.7M | $7.0M | ||
| Q4 24 | $-20.7M | $11.5M | ||
| Q3 24 | $-12.5M | $35.3M | ||
| Q2 24 | $-14.2M | $35.0M | ||
| Q1 24 | $-11.2M | $-11.0M |
| Q4 25 | $-2.0M | $28.0M | ||
| Q3 25 | $-13.1M | $64.8M | ||
| Q2 25 | $-20.4M | $20.9M | ||
| Q1 25 | $-21.5M | $5.3M | ||
| Q4 24 | $-21.3M | $6.9M | ||
| Q3 24 | $-13.9M | $34.2M | ||
| Q2 24 | $-15.0M | $33.5M | ||
| Q1 24 | $-14.5M | $-12.1M |
| Q4 25 | -3.1% | 22.3% | ||
| Q3 25 | -24.4% | 60.7% | ||
| Q2 25 | -39.7% | 22.8% | ||
| Q1 25 | -51.9% | 6.1% | ||
| Q4 24 | -47.8% | 7.4% | ||
| Q3 24 | -34.6% | 37.3% | ||
| Q2 24 | -33.9% | 37.6% | ||
| Q1 24 | -38.9% | -15.3% |
| Q4 25 | 2.8% | 1.1% | ||
| Q3 25 | 3.4% | 2.6% | ||
| Q2 25 | 3.2% | 2.6% | ||
| Q1 25 | 1.8% | 1.9% | ||
| Q4 24 | 1.2% | 5.0% | ||
| Q3 24 | 3.7% | 1.2% | ||
| Q2 24 | 1.8% | 1.8% | ||
| Q1 24 | 8.9% | 1.4% |
| Q4 25 | — | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | — | -3.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
