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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $64.6M, roughly 1.9× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -11.0%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-55.2M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -6.0%).

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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

ESTA vs KW — Head-to-Head

Bigger by revenue
KW
KW
1.9× larger
KW
$120.6M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+56.2% gap
ESTA
45.2%
-11.0%
KW
More free cash flow
ESTA
ESTA
$53.2M more FCF
ESTA
$-2.0M
$-55.2M
KW
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
KW
KW
Revenue
$64.6M
$120.6M
Net Profit
$58.0M
Gross Margin
70.5%
Operating Margin
-6.1%
57.3%
Net Margin
48.1%
Revenue YoY
45.2%
-11.0%
Net Profit YoY
32.7%
EPS (diluted)
$-0.07
$0.22

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
KW
KW
Q4 25
$64.6M
$120.6M
Q3 25
$53.8M
$116.4M
Q2 25
$51.3M
$135.7M
Q1 25
$41.4M
$128.3M
Q4 24
$44.5M
$135.5M
Q3 24
$40.2M
$127.5M
Q2 24
$44.1M
$132.0M
Q1 24
$37.2M
$136.4M
Net Profit
ESTA
ESTA
KW
KW
Q4 25
$58.0M
Q3 25
$-11.1M
$-10.2M
Q2 25
$-16.6M
$5.6M
Q1 25
$-20.7M
$-29.6M
Q4 24
$43.7M
Q3 24
$-16.7M
$-66.8M
Q2 24
$-17.2M
$-48.3M
Q1 24
$-16.2M
$37.7M
Gross Margin
ESTA
ESTA
KW
KW
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
KW
KW
Q4 25
-6.1%
57.3%
Q3 25
-7.5%
-6.2%
Q2 25
-27.5%
7.4%
Q1 25
-41.0%
-26.9%
Q4 24
-41.9%
36.7%
Q3 24
-32.7%
-60.8%
Q2 24
-21.2%
-45.5%
Q1 24
-23.8%
47.2%
Net Margin
ESTA
ESTA
KW
KW
Q4 25
48.1%
Q3 25
-20.7%
-8.8%
Q2 25
-32.3%
4.1%
Q1 25
-50.1%
-23.1%
Q4 24
32.3%
Q3 24
-41.5%
-52.4%
Q2 24
-38.9%
-36.6%
Q1 24
-43.6%
27.6%
EPS (diluted)
ESTA
ESTA
KW
KW
Q4 25
$-0.07
$0.22
Q3 25
$-0.38
$-0.15
Q2 25
$-0.57
$-0.05
Q1 25
$-0.70
$-0.30
Q4 24
$-1.21
$0.24
Q3 24
$-0.59
$-0.56
Q2 24
$-0.62
$-0.43
Q1 24
$-0.58
$0.19

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
KW
KW
Cash + ST InvestmentsLiquidity on hand
$75.6M
$184.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$1.5B
Total Assets
$357.2M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
KW
KW
Q4 25
$75.6M
$184.5M
Q3 25
$70.6M
$382.6M
Q2 25
$54.6M
$309.1M
Q1 25
$69.2M
$356.6M
Q4 24
$90.3M
$217.5M
Q3 24
$367.1M
Q2 24
$366.5M
Q1 24
$541.9M
Total Debt
ESTA
ESTA
KW
KW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
KW
KW
Q4 25
$23.5M
$1.5B
Q3 25
$16.4M
$1.5B
Q2 25
$22.8M
$1.6B
Q1 25
$38.5M
$1.6B
Q4 24
$53.1M
$1.6B
Q3 24
$32.7M
$1.6B
Q2 24
$45.0M
$1.7B
Q1 24
$56.9M
$1.7B
Total Assets
ESTA
ESTA
KW
KW
Q4 25
$357.2M
$6.6B
Q3 25
$338.9M
$6.7B
Q2 25
$329.7M
$6.8B
Q1 25
$333.4M
$7.2B
Q4 24
$346.8M
$7.0B
Q3 24
$282.7M
$7.4B
Q2 24
$285.1M
$7.5B
Q1 24
$301.8M
$7.7B
Debt / Equity
ESTA
ESTA
KW
KW
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
KW
KW
Operating Cash FlowLast quarter
$-162.0K
$11.4M
Free Cash FlowOCF − Capex
$-2.0M
$-55.2M
FCF MarginFCF / Revenue
-3.1%
-45.8%
Capex IntensityCapex / Revenue
2.8%
55.2%
Cash ConversionOCF / Net Profit
0.20×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
KW
KW
Q4 25
$-162.0K
$11.4M
Q3 25
$-11.3M
$-7.6M
Q2 25
$-18.8M
$42.0M
Q1 25
$-20.7M
$-51.9M
Q4 24
$-20.7M
$55.1M
Q3 24
$-12.5M
$-5.6M
Q2 24
$-14.2M
$36.7M
Q1 24
$-11.2M
$-5.6M
Free Cash Flow
ESTA
ESTA
KW
KW
Q4 25
$-2.0M
$-55.2M
Q3 25
$-13.1M
$-18.0M
Q2 25
$-20.4M
$29.4M
Q1 25
$-21.5M
$-59.7M
Q4 24
$-21.3M
$-76.5M
Q3 24
$-13.9M
$-27.7M
Q2 24
$-15.0M
$-500.0K
Q1 24
$-14.5M
$-57.1M
FCF Margin
ESTA
ESTA
KW
KW
Q4 25
-3.1%
-45.8%
Q3 25
-24.4%
-15.5%
Q2 25
-39.7%
21.7%
Q1 25
-51.9%
-46.5%
Q4 24
-47.8%
-56.5%
Q3 24
-34.6%
-21.7%
Q2 24
-33.9%
-0.4%
Q1 24
-38.9%
-41.9%
Capex Intensity
ESTA
ESTA
KW
KW
Q4 25
2.8%
55.2%
Q3 25
3.4%
8.9%
Q2 25
3.2%
9.3%
Q1 25
1.8%
6.1%
Q4 24
1.2%
97.1%
Q3 24
3.7%
17.3%
Q2 24
1.8%
28.2%
Q1 24
8.9%
37.8%
Cash Conversion
ESTA
ESTA
KW
KW
Q4 25
0.20×
Q3 25
Q2 25
7.50×
Q1 25
Q4 24
1.26×
Q3 24
Q2 24
Q1 24
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESTA
ESTA

Segment breakdown not available.

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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