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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Inogen Inc (INGN). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $64.6M, roughly 1.1× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 3.4%). Inogen Inc produced more free cash flow last quarter ($-1.9M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 4.2%).
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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
ESTA vs INGN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $68.6M |
| Net Profit | — | — |
| Gross Margin | 70.5% | 51.4% |
| Operating Margin | -6.1% | -13.6% |
| Net Margin | — | — |
| Revenue YoY | 45.2% | 3.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.07 | $-0.26 |
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 | $68.6M | ||
| Q3 25 | $53.8M | $79.1M | ||
| Q2 25 | $51.3M | $79.2M | ||
| Q1 25 | $41.4M | $68.5M | ||
| Q4 24 | $44.5M | $66.3M | ||
| Q3 24 | $40.2M | $74.9M | ||
| Q2 24 | $44.1M | $74.4M | ||
| Q1 24 | $37.2M | $63.1M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | $-5.3M | ||
| Q2 25 | $-16.6M | $-4.2M | ||
| Q1 25 | $-20.7M | $-6.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-16.7M | $-6.0M | ||
| Q2 24 | $-17.2M | $-5.6M | ||
| Q1 24 | $-16.2M | $-14.6M |
| Q4 25 | 70.5% | 51.4% | ||
| Q3 25 | 70.1% | 52.2% | ||
| Q2 25 | 68.8% | 52.2% | ||
| Q1 25 | 67.2% | 53.1% | ||
| Q4 24 | 68.5% | 54.7% | ||
| Q3 24 | 63.9% | 55.2% | ||
| Q2 24 | 65.6% | 57.4% | ||
| Q1 24 | 65.6% | 54.5% |
| Q4 25 | -6.1% | -13.6% | ||
| Q3 25 | -7.5% | -9.0% | ||
| Q2 25 | -27.5% | -7.7% | ||
| Q1 25 | -41.0% | -11.2% | ||
| Q4 24 | -41.9% | -17.2% | ||
| Q3 24 | -32.7% | -10.4% | ||
| Q2 24 | -21.2% | -9.5% | ||
| Q1 24 | -23.8% | -25.8% |
| Q4 25 | — | — | ||
| Q3 25 | -20.7% | -6.7% | ||
| Q2 25 | -32.3% | -5.2% | ||
| Q1 25 | -50.1% | -9.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | -41.5% | -8.0% | ||
| Q2 24 | -38.9% | -7.5% | ||
| Q1 24 | -43.6% | -23.1% |
| Q4 25 | $-0.07 | $-0.26 | ||
| Q3 25 | $-0.38 | $-0.20 | ||
| Q2 25 | $-0.57 | $-0.15 | ||
| Q1 25 | $-0.70 | $-0.25 | ||
| Q4 24 | $-1.21 | $-0.41 | ||
| Q3 24 | $-0.59 | $-0.25 | ||
| Q2 24 | $-0.62 | $-0.24 | ||
| Q1 24 | $-0.58 | $-0.62 |
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 | $103.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $192.2M |
| Total Assets | $357.2M | $298.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $103.7M | ||
| Q3 25 | $70.6M | $106.5M | ||
| Q2 25 | $54.6M | $103.7M | ||
| Q1 25 | $69.2M | $118.9M | ||
| Q4 24 | $90.3M | $113.8M | ||
| Q3 24 | — | $105.7M | ||
| Q2 24 | — | $97.9M | ||
| Q1 24 | — | $107.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $192.2M | ||
| Q3 25 | $16.4M | $197.2M | ||
| Q2 25 | $22.8M | $199.5M | ||
| Q1 25 | $38.5M | $198.0M | ||
| Q4 24 | $53.1M | $173.9M | ||
| Q3 24 | $32.7M | $185.4M | ||
| Q2 24 | $45.0M | $187.6M | ||
| Q1 24 | $56.9M | $191.9M |
| Q4 25 | $357.2M | $298.6M | ||
| Q3 25 | $338.9M | $307.0M | ||
| Q2 25 | $329.7M | $312.0M | ||
| Q1 25 | $333.4M | $308.4M | ||
| Q4 24 | $346.8M | $296.2M | ||
| Q3 24 | $282.7M | $306.2M | ||
| Q2 24 | $285.1M | $308.9M | ||
| Q1 24 | $301.8M | $315.6M |
| 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 | $-943.0K |
| Free Cash FlowOCF − Capex | $-2.0M | $-1.9M |
| FCF MarginFCF / Revenue | -3.1% | -2.8% |
| Capex IntensityCapex / Revenue | 2.8% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $-943.0K | ||
| Q3 25 | $-11.3M | $2.2M | ||
| Q2 25 | $-18.8M | $4.3M | ||
| Q1 25 | $-20.7M | $-16.8M | ||
| Q4 24 | $-20.7M | $-3.0M | ||
| Q3 24 | $-12.5M | $7.0M | ||
| Q2 24 | $-14.2M | $6.7M | ||
| Q1 24 | $-11.2M | $-4.7M |
| Q4 25 | $-2.0M | $-1.9M | ||
| Q3 25 | $-13.1M | $1.6M | ||
| Q2 25 | $-20.4M | $3.7M | ||
| Q1 25 | $-21.5M | $-17.1M | ||
| Q4 24 | $-21.3M | $-3.3M | ||
| Q3 24 | $-13.9M | $5.3M | ||
| Q2 24 | $-15.0M | $6.6M | ||
| Q1 24 | $-14.5M | $-6.1M |
| Q4 25 | -3.1% | -2.8% | ||
| Q3 25 | -24.4% | 2.0% | ||
| Q2 25 | -39.7% | 4.6% | ||
| Q1 25 | -51.9% | -24.9% | ||
| Q4 24 | -47.8% | -5.0% | ||
| Q3 24 | -34.6% | 7.1% | ||
| Q2 24 | -33.9% | 8.9% | ||
| Q1 24 | -38.9% | -9.6% |
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.2% | 0.9% | ||
| Q1 25 | 1.8% | 0.4% | ||
| Q4 24 | 1.2% | 0.5% | ||
| Q3 24 | 3.7% | 2.2% | ||
| Q2 24 | 1.8% | 0.1% | ||
| Q1 24 | 8.9% | 2.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
