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

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $64.6M, roughly 1.2× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 7.6%).

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.

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

ESTA vs IVT — Head-to-Head

Bigger by revenue
IVT
IVT
1.2× larger
IVT
$77.4M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+36.5% gap
ESTA
45.2%
8.6%
IVT
More free cash flow
IVT
IVT
$112.9M more FCF
IVT
$110.9M
$-2.0M
ESTA
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
IVT
IVT
Revenue
$64.6M
$77.4M
Net Profit
$2.7M
Gross Margin
70.5%
Operating Margin
-6.1%
-11.0%
Net Margin
3.4%
Revenue YoY
45.2%
8.6%
Net Profit YoY
-72.8%
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.

Revenue
ESTA
ESTA
IVT
IVT
Q4 25
$64.6M
$77.4M
Q3 25
$53.8M
$74.5M
Q2 25
$51.3M
$73.6M
Q1 25
$41.4M
$73.8M
Q4 24
$44.5M
$71.2M
Q3 24
$40.2M
$68.5M
Q2 24
$44.1M
$67.4M
Q1 24
$37.2M
$66.8M
Net Profit
ESTA
ESTA
IVT
IVT
Q4 25
$2.7M
Q3 25
$-11.1M
$6.0M
Q2 25
$-16.6M
$95.9M
Q1 25
$-20.7M
$6.8M
Q4 24
$9.8M
Q3 24
$-16.7M
$-539.0K
Q2 24
$-17.2M
$1.5M
Q1 24
$-16.2M
$2.9M
Gross Margin
ESTA
ESTA
IVT
IVT
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
IVT
IVT
Q4 25
-6.1%
-11.0%
Q3 25
-7.5%
-9.8%
Q2 25
-27.5%
Q1 25
-41.0%
-10.5%
Q4 24
-41.9%
-3.6%
Q3 24
-32.7%
-18.7%
Q2 24
-21.2%
-13.6%
Q1 24
-23.8%
-13.1%
Net Margin
ESTA
ESTA
IVT
IVT
Q4 25
3.4%
Q3 25
-20.7%
8.1%
Q2 25
-32.3%
130.4%
Q1 25
-50.1%
9.2%
Q4 24
13.8%
Q3 24
-41.5%
-0.8%
Q2 24
-38.9%
2.2%
Q1 24
-43.6%
4.3%
EPS (diluted)
ESTA
ESTA
IVT
IVT
Q4 25
$-0.07
$0.02
Q3 25
$-0.38
$0.08
Q2 25
$-0.57
$1.23
Q1 25
$-0.70
$0.09
Q4 24
$-1.21
$0.14
Q3 24
$-0.59
$-0.01
Q2 24
$-0.62
$0.02
Q1 24
$-0.58
$0.04

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
IVT
IVT
Cash + ST InvestmentsLiquidity on hand
$75.6M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$23.5M
$1.8B
Total Assets
$357.2M
$2.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
IVT
IVT
Q4 25
$75.6M
Q3 25
$70.6M
Q2 25
$54.6M
Q1 25
$69.2M
Q4 24
$90.3M
Q3 24
Q2 24
Q1 24
Total Debt
ESTA
ESTA
IVT
IVT
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$0
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
ESTA
ESTA
IVT
IVT
Q4 25
$23.5M
$1.8B
Q3 25
$16.4M
$1.8B
Q2 25
$22.8M
$1.8B
Q1 25
$38.5M
$1.7B
Q4 24
$53.1M
$1.8B
Q3 24
$32.7M
$1.8B
Q2 24
$45.0M
$1.5B
Q1 24
$56.9M
$1.5B
Total Assets
ESTA
ESTA
IVT
IVT
Q4 25
$357.2M
$2.8B
Q3 25
$338.9M
$2.7B
Q2 25
$329.7M
$2.7B
Q1 25
$333.4M
$2.6B
Q4 24
$346.8M
$2.6B
Q3 24
$282.7M
$2.6B
Q2 24
$285.1M
$2.5B
Q1 24
$301.8M
$2.5B
Debt / Equity
ESTA
ESTA
IVT
IVT
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.00×
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

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
IVT
IVT
Operating Cash FlowLast quarter
$-162.0K
$155.4M
Free Cash FlowOCF − Capex
$-2.0M
$110.9M
FCF MarginFCF / Revenue
-3.1%
143.3%
Capex IntensityCapex / Revenue
2.8%
57.5%
Cash ConversionOCF / Net Profit
58.41×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
IVT
IVT
Q4 25
$-162.0K
$155.4M
Q3 25
$-11.3M
$43.8M
Q2 25
$-18.8M
$48.7M
Q1 25
$-20.7M
$20.2M
Q4 24
$-20.7M
$136.9M
Q3 24
$-12.5M
$38.4M
Q2 24
$-14.2M
$46.7M
Q1 24
$-11.2M
$14.8M
Free Cash Flow
ESTA
ESTA
IVT
IVT
Q4 25
$-2.0M
$110.9M
Q3 25
$-13.1M
$31.4M
Q2 25
$-20.4M
$38.0M
Q1 25
$-21.5M
$12.8M
Q4 24
$-21.3M
$100.8M
Q3 24
$-13.9M
$29.3M
Q2 24
$-15.0M
$37.2M
Q1 24
$-14.5M
$7.7M
FCF Margin
ESTA
ESTA
IVT
IVT
Q4 25
-3.1%
143.3%
Q3 25
-24.4%
42.2%
Q2 25
-39.7%
51.6%
Q1 25
-51.9%
17.4%
Q4 24
-47.8%
141.5%
Q3 24
-34.6%
42.8%
Q2 24
-33.9%
55.2%
Q1 24
-38.9%
11.5%
Capex Intensity
ESTA
ESTA
IVT
IVT
Q4 25
2.8%
57.5%
Q3 25
3.4%
16.7%
Q2 25
3.2%
14.6%
Q1 25
1.8%
10.0%
Q4 24
1.2%
50.7%
Q3 24
3.7%
13.3%
Q2 24
1.8%
14.0%
Q1 24
8.9%
10.6%
Cash Conversion
ESTA
ESTA
IVT
IVT
Q4 25
58.41×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

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

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