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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Mama's Creations, Inc. (MAMA). Click either name above to swap in a different company.

ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $47.3M, roughly 1.4× Mama's Creations, Inc.). On growth, Mama's Creations, Inc. posted the faster year-over-year revenue change (50.0% vs 45.2%). Mama's Creations, Inc. produced more free cash flow last quarter ($3.7M vs $-2.0M). Over the past eight quarters, Mama's Creations, Inc.'s revenue compounded faster (33.0% CAGR vs 31.9%).

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.

Mama's Creations, Inc. is a U.S.-based food manufacturing enterprise that produces a wide portfolio of refrigerated ready-to-eat and heat-and-serve food products, including Italian-style meatballs, sausages, pasta dishes, and other prepared meals. It mainly distributes its offerings to grocery retailers, mass merchandisers and foodservice partners across the United States, focusing on convenient, high-quality comfort food for daily consumer demand.

ESTA vs MAMA — Head-to-Head

Bigger by revenue
ESTA
ESTA
1.4× larger
ESTA
$64.6M
$47.3M
MAMA
Growing faster (revenue YoY)
MAMA
MAMA
+4.8% gap
MAMA
50.0%
45.2%
ESTA
More free cash flow
MAMA
MAMA
$5.7M more FCF
MAMA
$3.7M
$-2.0M
ESTA
Faster 2-yr revenue CAGR
MAMA
MAMA
Annualised
MAMA
33.0%
31.9%
ESTA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ESTA
ESTA
MAMA
MAMA
Revenue
$64.6M
$47.3M
Net Profit
$540.0K
Gross Margin
70.5%
23.6%
Operating Margin
-6.1%
1.7%
Net Margin
1.1%
Revenue YoY
45.2%
50.0%
Net Profit YoY
31.7%
EPS (diluted)
$-0.07
$0.01

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
MAMA
MAMA
Q4 25
$64.6M
$47.3M
Q3 25
$53.8M
$35.2M
Q2 25
$51.3M
$35.3M
Q1 25
$41.4M
$33.6M
Q4 24
$44.5M
$31.5M
Q3 24
$40.2M
$28.4M
Q2 24
$44.1M
$29.8M
Q1 24
$37.2M
$26.7M
Net Profit
ESTA
ESTA
MAMA
MAMA
Q4 25
$540.0K
Q3 25
$-11.1M
$1.3M
Q2 25
$-16.6M
$1.2M
Q1 25
$-20.7M
$1.6M
Q4 24
$410.0K
Q3 24
$-16.7M
$1.1M
Q2 24
$-17.2M
$553.0K
Q1 24
$-16.2M
$1.4M
Gross Margin
ESTA
ESTA
MAMA
MAMA
Q4 25
70.5%
23.6%
Q3 25
70.1%
24.9%
Q2 25
68.8%
26.1%
Q1 25
67.2%
27.0%
Q4 24
68.5%
22.6%
Q3 24
63.9%
24.2%
Q2 24
65.6%
25.0%
Q1 24
65.6%
29.3%
Operating Margin
ESTA
ESTA
MAMA
MAMA
Q4 25
-6.1%
1.7%
Q3 25
-7.5%
4.8%
Q2 25
-27.5%
4.5%
Q1 25
-41.0%
5.7%
Q4 24
-41.9%
1.8%
Q3 24
-32.7%
5.7%
Q2 24
-21.2%
2.6%
Q1 24
-23.8%
7.4%
Net Margin
ESTA
ESTA
MAMA
MAMA
Q4 25
1.1%
Q3 25
-20.7%
3.6%
Q2 25
-32.3%
3.5%
Q1 25
-50.1%
4.8%
Q4 24
1.3%
Q3 24
-41.5%
4.0%
Q2 24
-38.9%
1.9%
Q1 24
-43.6%
5.3%
EPS (diluted)
ESTA
ESTA
MAMA
MAMA
Q4 25
$-0.07
$0.01
Q3 25
$-0.38
$0.03
Q2 25
$-0.57
$0.03
Q1 25
$-0.70
$0.04
Q4 24
$-1.21
$0.01
Q3 24
$-0.59
$0.03
Q2 24
$-0.62
$0.01
Q1 24
$-0.58
$0.03

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
MAMA
MAMA
Cash + ST InvestmentsLiquidity on hand
$75.6M
$18.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.5M
$49.6M
Total Assets
$357.2M
$84.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
MAMA
MAMA
Q4 25
$75.6M
$18.1M
Q3 25
$70.6M
$9.4M
Q2 25
$54.6M
$12.0M
Q1 25
$69.2M
$7.2M
Q4 24
$90.3M
$9.3M
Q3 24
$7.4M
Q2 24
$13.0M
Q1 24
$11.0M
Total Debt
ESTA
ESTA
MAMA
MAMA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ESTA
ESTA
MAMA
MAMA
Q4 25
$23.5M
$49.6M
Q3 25
$16.4M
$29.6M
Q2 25
$22.8M
$26.4M
Q1 25
$38.5M
$24.9M
Q4 24
$53.1M
$23.0M
Q3 24
$32.7M
$22.3M
Q2 24
$45.0M
$20.3M
Q1 24
$56.9M
$19.6M
Total Assets
ESTA
ESTA
MAMA
MAMA
Q4 25
$357.2M
$84.0M
Q3 25
$338.9M
$51.2M
Q2 25
$329.7M
$52.7M
Q1 25
$333.4M
$47.1M
Q4 24
$346.8M
$47.9M
Q3 24
$282.7M
$43.0M
Q2 24
$285.1M
$47.2M
Q1 24
$301.8M
$45.1M
Debt / Equity
ESTA
ESTA
MAMA
MAMA
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
MAMA
MAMA
Operating Cash FlowLast quarter
$-162.0K
$3.9M
Free Cash FlowOCF − Capex
$-2.0M
$3.7M
FCF MarginFCF / Revenue
-3.1%
7.8%
Capex IntensityCapex / Revenue
2.8%
0.4%
Cash ConversionOCF / Net Profit
7.16×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M
$6.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
MAMA
MAMA
Q4 25
$-162.0K
$3.9M
Q3 25
$-11.3M
$-1.7M
Q2 25
$-18.8M
$6.0M
Q1 25
$-20.7M
$-857.0K
Q4 24
$-20.7M
$4.8M
Q3 24
$-12.5M
$-2.4M
Q2 24
$-14.2M
$3.6M
Q1 24
$-11.2M
$6.7M
Free Cash Flow
ESTA
ESTA
MAMA
MAMA
Q4 25
$-2.0M
$3.7M
Q3 25
$-13.1M
$-2.2M
Q2 25
$-20.4M
$5.5M
Q1 25
$-21.5M
$-930.0K
Q4 24
$-21.3M
$2.5M
Q3 24
$-13.9M
$-4.0M
Q2 24
$-15.0M
$2.5M
Q1 24
$-14.5M
$6.6M
FCF Margin
ESTA
ESTA
MAMA
MAMA
Q4 25
-3.1%
7.8%
Q3 25
-24.4%
-6.2%
Q2 25
-39.7%
15.5%
Q1 25
-51.9%
-2.8%
Q4 24
-47.8%
8.0%
Q3 24
-34.6%
-14.1%
Q2 24
-33.9%
8.4%
Q1 24
-38.9%
24.8%
Capex Intensity
ESTA
ESTA
MAMA
MAMA
Q4 25
2.8%
0.4%
Q3 25
3.4%
1.5%
Q2 25
3.2%
1.5%
Q1 25
1.8%
0.2%
Q4 24
1.2%
7.2%
Q3 24
3.7%
5.6%
Q2 24
1.8%
3.8%
Q1 24
8.9%
0.4%
Cash Conversion
ESTA
ESTA
MAMA
MAMA
Q4 25
7.16×
Q3 25
-1.31×
Q2 25
4.85×
Q1 25
-0.54×
Q4 24
11.71×
Q3 24
-2.10×
Q2 24
6.58×
Q1 24
4.79×

Financial Flow Comparison

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

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