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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and INFINITY NATURAL RESOURCES, INC. (INR). Click either name above to swap in a different company.

INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $64.6M, roughly 1.8× ESTABLISHMENT LABS HOLDINGS INC.).

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.

ESTA vs INR — Head-to-Head

Bigger by revenue
INR
INR
1.8× larger
INR
$115.5M
$64.6M
ESTA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
INR
INR
Revenue
$64.6M
$115.5M
Net Profit
$20.0M
Gross Margin
70.5%
Operating Margin
-6.1%
47.0%
Net Margin
17.3%
Revenue YoY
45.2%
Net Profit YoY
EPS (diluted)
$-0.07
$1.33

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
INR
INR
Q4 25
$64.6M
$115.5M
Q3 25
$53.8M
$78.3M
Q2 25
$51.3M
$72.5M
Q1 25
$41.4M
$84.2M
Q4 24
$44.5M
Q3 24
$40.2M
Q2 24
$44.1M
Q1 24
$37.2M
Net Profit
ESTA
ESTA
INR
INR
Q4 25
$20.0M
Q3 25
$-11.1M
$10.4M
Q2 25
$-16.6M
$18.0M
Q1 25
$-20.7M
$-34.6M
Q4 24
Q3 24
$-16.7M
Q2 24
$-17.2M
Q1 24
$-16.2M
Gross Margin
ESTA
ESTA
INR
INR
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
INR
INR
Q4 25
-6.1%
47.0%
Q3 25
-7.5%
30.5%
Q2 25
-27.5%
29.9%
Q1 25
-41.0%
-104.5%
Q4 24
-41.9%
Q3 24
-32.7%
Q2 24
-21.2%
Q1 24
-23.8%
Net Margin
ESTA
ESTA
INR
INR
Q4 25
17.3%
Q3 25
-20.7%
13.3%
Q2 25
-32.3%
24.8%
Q1 25
-50.1%
-41.1%
Q4 24
Q3 24
-41.5%
Q2 24
-38.9%
Q1 24
-43.6%
EPS (diluted)
ESTA
ESTA
INR
INR
Q4 25
$-0.07
$1.33
Q3 25
$-0.38
$0.65
Q2 25
$-0.57
$1.18
Q1 25
$-0.70
$-2.27
Q4 24
$-1.21
Q3 24
$-0.59
Q2 24
$-0.62
Q1 24
$-0.58

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
INR
INR
Cash + ST InvestmentsLiquidity on hand
$75.6M
$2.8M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$23.5M
$307.1M
Total Assets
$357.2M
$1.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
INR
INR
Q4 25
$75.6M
$2.8M
Q3 25
$70.6M
$4.6M
Q2 25
$54.6M
$6.3M
Q1 25
$69.2M
$4.9M
Q4 24
$90.3M
Q3 24
Q2 24
Q1 24
Total Debt
ESTA
ESTA
INR
INR
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
INR
INR
Q4 25
$23.5M
$307.1M
Q3 25
$16.4M
$288.6M
Q2 25
$22.8M
$10.1M
Q1 25
$38.5M
$-52.2M
Q4 24
$53.1M
Q3 24
$32.7M
Q2 24
$45.0M
Q1 24
$56.9M
Total Assets
ESTA
ESTA
INR
INR
Q4 25
$357.2M
$1.2B
Q3 25
$338.9M
$1.1B
Q2 25
$329.7M
$1.0B
Q1 25
$333.4M
$953.9M
Q4 24
$346.8M
Q3 24
$282.7M
Q2 24
$285.1M
Q1 24
$301.8M
Debt / Equity
ESTA
ESTA
INR
INR
Q4 25
0.00×
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
INR
INR
Operating Cash FlowLast quarter
$-162.0K
$75.1M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
INR
INR
Q4 25
$-162.0K
$75.1M
Q3 25
$-11.3M
$42.1M
Q2 25
$-18.8M
$70.4M
Q1 25
$-20.7M
$74.2M
Q4 24
$-20.7M
Q3 24
$-12.5M
Q2 24
$-14.2M
Q1 24
$-11.2M
Free Cash Flow
ESTA
ESTA
INR
INR
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
INR
INR
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
INR
INR
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
INR
INR
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESTA
ESTA

Segment breakdown not available.

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

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