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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $64.6M, roughly 1.9× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -27.7%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-17.5M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
ESTA vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $121.0M |
| Net Profit | — | $-13.3M |
| Gross Margin | 70.5% | 15.8% |
| Operating Margin | -6.1% | -12.0% |
| Net Margin | — | -11.0% |
| Revenue YoY | 45.2% | -27.7% |
| Net Profit YoY | — | -5468.2% |
| EPS (diluted) | $-0.07 | — |
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.
| Q4 25 | $64.6M | — | ||
| Q3 25 | $53.8M | $121.0M | ||
| Q2 25 | $51.3M | $153.0M | ||
| Q1 25 | $41.4M | $134.7M | ||
| Q4 24 | $44.5M | $170.9M | ||
| Q3 24 | $40.2M | $167.4M | ||
| Q2 24 | $44.1M | $155.3M | ||
| Q1 24 | $37.2M | $172.7M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | $-13.3M | ||
| Q2 25 | $-16.6M | $-14.0M | ||
| Q1 25 | $-20.7M | $-9.5M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | $-16.7M | $-239.0K | ||
| Q2 24 | $-17.2M | $5.5M | ||
| Q1 24 | $-16.2M | $2.0M |
| Q4 25 | 70.5% | — | ||
| Q3 25 | 70.1% | 15.8% | ||
| Q2 25 | 68.8% | 12.3% | ||
| Q1 25 | 67.2% | 15.2% | ||
| Q4 24 | 68.5% | 20.4% | ||
| Q3 24 | 63.9% | 19.5% | ||
| Q2 24 | 65.6% | 21.0% | ||
| Q1 24 | 65.6% | 19.1% |
| Q4 25 | -6.1% | — | ||
| Q3 25 | -7.5% | -12.0% | ||
| Q2 25 | -27.5% | -9.1% | ||
| Q1 25 | -41.0% | -8.9% | ||
| Q4 24 | -41.9% | 3.7% | ||
| Q3 24 | -32.7% | 1.0% | ||
| Q2 24 | -21.2% | 3.5% | ||
| Q1 24 | -23.8% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | -20.7% | -11.0% | ||
| Q2 25 | -32.3% | -9.1% | ||
| Q1 25 | -50.1% | -7.0% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | -41.5% | -0.1% | ||
| Q2 24 | -38.9% | 3.6% | ||
| Q1 24 | -43.6% | 1.2% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.38 | — | ||
| Q2 25 | $-0.57 | — | ||
| Q1 25 | $-0.70 | — | ||
| Q4 24 | $-1.21 | $0.06 | ||
| Q3 24 | $-0.59 | $-0.03 | ||
| Q2 24 | $-0.62 | $0.08 | ||
| Q1 24 | $-0.58 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $23.5M | $526.9M |
| Total Assets | $357.2M | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | $193.8M | ||
| Q2 25 | $54.6M | $28.1M | ||
| Q1 25 | $69.2M | $43.5M | ||
| Q4 24 | $90.3M | $33.0M | ||
| Q3 24 | — | $22.9M | ||
| Q2 24 | — | $27.6M | ||
| Q1 24 | — | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | — | ||
| Q3 25 | $16.4M | $526.9M | ||
| Q2 25 | $22.8M | $347.4M | ||
| Q1 25 | $38.5M | $355.2M | ||
| Q4 24 | $53.1M | $362.8M | ||
| Q3 24 | $32.7M | $361.8M | ||
| Q2 24 | $45.0M | $366.1M | ||
| Q1 24 | $56.9M | $372.3M |
| Q4 25 | $357.2M | — | ||
| Q3 25 | $338.9M | $849.7M | ||
| Q2 25 | $329.7M | $674.6M | ||
| Q1 25 | $333.4M | $685.7M | ||
| Q4 24 | $346.8M | $674.7M | ||
| Q3 24 | $282.7M | $645.4M | ||
| Q2 24 | $285.1M | $659.2M | ||
| Q1 24 | $301.8M | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | 0.24× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $-1.4M |
| Free Cash FlowOCF − Capex | $-2.0M | $-17.5M |
| FCF MarginFCF / Revenue | -3.1% | -14.5% |
| Capex IntensityCapex / Revenue | 2.8% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | — | ||
| Q3 25 | $-11.3M | $-1.4M | ||
| Q2 25 | $-18.8M | $-4.3M | ||
| Q1 25 | $-20.7M | $26.0M | ||
| Q4 24 | $-20.7M | $15.7M | ||
| Q3 24 | $-12.5M | $37.4M | ||
| Q2 24 | $-14.2M | $34.4M | ||
| Q1 24 | $-11.2M | $25.2M |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-13.1M | $-17.5M | ||
| Q2 25 | $-20.4M | $-19.8M | ||
| Q1 25 | $-21.5M | $7.6M | ||
| Q4 24 | $-21.3M | $5.1M | ||
| Q3 24 | $-13.9M | $25.6M | ||
| Q2 24 | $-15.0M | $20.3M | ||
| Q1 24 | $-14.5M | $6.5M |
| Q4 25 | -3.1% | — | ||
| Q3 25 | -24.4% | -14.5% | ||
| Q2 25 | -39.7% | -13.0% | ||
| Q1 25 | -51.9% | 5.6% | ||
| Q4 24 | -47.8% | 3.0% | ||
| Q3 24 | -34.6% | 15.3% | ||
| Q2 24 | -33.9% | 13.1% | ||
| Q1 24 | -38.9% | 3.7% |
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.4% | 13.3% | ||
| Q2 25 | 3.2% | 10.2% | ||
| Q1 25 | 1.8% | 13.7% | ||
| Q4 24 | 1.2% | 6.2% | ||
| Q3 24 | 3.7% | 7.0% | ||
| Q2 24 | 1.8% | 9.1% | ||
| Q1 24 | 8.9% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
