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

JBG SMITH Properties is the larger business by last-quarter revenue ($127.6M vs $64.6M, roughly 2.0× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -2.5%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -6.3%).

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.

JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.

ESTA vs JBGS — Head-to-Head

Bigger by revenue
JBGS
JBGS
2.0× larger
JBGS
$127.6M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+47.6% gap
ESTA
45.2%
-2.5%
JBGS
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
-6.3%
JBGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
JBGS
JBGS
Revenue
$64.6M
$127.6M
Net Profit
$-45.5M
Gross Margin
70.5%
Operating Margin
-6.1%
-47.5%
Net Margin
-35.7%
Revenue YoY
45.2%
-2.5%
Net Profit YoY
24.0%
EPS (diluted)
$-0.07
$-0.76

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
JBGS
JBGS
Q4 25
$64.6M
$127.6M
Q3 25
$53.8M
$123.9M
Q2 25
$51.3M
$126.5M
Q1 25
$41.4M
$120.7M
Q4 24
$44.5M
$130.8M
Q3 24
$40.2M
$136.0M
Q2 24
$44.1M
$135.3M
Q1 24
$37.2M
$145.2M
Net Profit
ESTA
ESTA
JBGS
JBGS
Q4 25
$-45.5M
Q3 25
$-11.1M
$-28.6M
Q2 25
$-16.6M
$-19.2M
Q1 25
$-20.7M
$-45.7M
Q4 24
$-59.9M
Q3 24
$-16.7M
$-27.0M
Q2 24
$-17.2M
$-24.4M
Q1 24
$-16.2M
$-32.3M
Gross Margin
ESTA
ESTA
JBGS
JBGS
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
JBGS
JBGS
Q4 25
-6.1%
-47.5%
Q3 25
-7.5%
-27.5%
Q2 25
-27.5%
-18.4%
Q1 25
-41.0%
-44.7%
Q4 24
-41.9%
-53.6%
Q3 24
-32.7%
-22.4%
Q2 24
-21.2%
-24.3%
Q1 24
-23.8%
-30.1%
Net Margin
ESTA
ESTA
JBGS
JBGS
Q4 25
-35.7%
Q3 25
-20.7%
-23.1%
Q2 25
-32.3%
-15.2%
Q1 25
-50.1%
-37.9%
Q4 24
-45.8%
Q3 24
-41.5%
-19.8%
Q2 24
-38.9%
-18.0%
Q1 24
-43.6%
-22.2%
EPS (diluted)
ESTA
ESTA
JBGS
JBGS
Q4 25
$-0.07
$-0.76
Q3 25
$-0.38
$-0.48
Q2 25
$-0.57
$-0.29
Q1 25
$-0.70
$-0.56
Q4 24
$-1.21
$-0.70
Q3 24
$-0.59
$-0.32
Q2 24
$-0.62
$-0.27
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
ESTA
ESTA
JBGS
JBGS
Cash + ST InvestmentsLiquidity on hand
$75.6M
$75.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$1.2B
Total Assets
$357.2M
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
JBGS
JBGS
Q4 25
$75.6M
$75.3M
Q3 25
$70.6M
$64.4M
Q2 25
$54.6M
$61.4M
Q1 25
$69.2M
$81.3M
Q4 24
$90.3M
$145.8M
Q3 24
$137.0M
Q2 24
$163.5M
Q1 24
$220.5M
Total Debt
ESTA
ESTA
JBGS
JBGS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
JBGS
JBGS
Q4 25
$23.5M
$1.2B
Q3 25
$16.4M
$1.2B
Q2 25
$22.8M
$1.3B
Q1 25
$38.5M
$1.6B
Q4 24
$53.1M
$1.8B
Q3 24
$32.7M
$1.9B
Q2 24
$45.0M
$2.0B
Q1 24
$56.9M
$2.1B
Total Assets
ESTA
ESTA
JBGS
JBGS
Q4 25
$357.2M
$4.4B
Q3 25
$338.9M
$4.4B
Q2 25
$329.7M
$4.5B
Q1 25
$333.4M
$4.7B
Q4 24
$346.8M
$5.0B
Q3 24
$282.7M
$5.2B
Q2 24
$285.1M
$5.3B
Q1 24
$301.8M
$5.4B
Debt / Equity
ESTA
ESTA
JBGS
JBGS
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
ESTA
ESTA
JBGS
JBGS
Operating Cash FlowLast quarter
$-162.0K
$73.3M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
JBGS
JBGS
Q4 25
$-162.0K
$73.3M
Q3 25
$-11.3M
$8.9M
Q2 25
$-18.8M
$18.8M
Q1 25
$-20.7M
$12.9M
Q4 24
$-20.7M
$129.4M
Q3 24
$-12.5M
$26.4M
Q2 24
$-14.2M
$23.8M
Q1 24
$-11.2M
$37.0M
Free Cash Flow
ESTA
ESTA
JBGS
JBGS
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
JBGS
JBGS
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
JBGS
JBGS
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%

Financial Flow Comparison

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

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