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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.

MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $64.6M, roughly 1.1× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 25.4%). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 15.0%).

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.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

ESTA vs MFIN — Head-to-Head

Bigger by revenue
MFIN
MFIN
1.1× larger
MFIN
$70.6M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+19.7% gap
ESTA
45.2%
25.4%
MFIN
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
15.0%
MFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
MFIN
MFIN
Revenue
$64.6M
$70.6M
Net Profit
$12.2M
Gross Margin
70.5%
Operating Margin
-6.1%
29.3%
Net Margin
17.3%
Revenue YoY
45.2%
25.4%
Net Profit YoY
20.3%
EPS (diluted)
$-0.07
$0.50

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
MFIN
MFIN
Q4 25
$64.6M
$70.6M
Q3 25
$53.8M
$58.7M
Q2 25
$51.3M
$62.6M
Q1 25
$41.4M
$63.0M
Q4 24
$44.5M
$56.3M
Q3 24
$40.2M
$53.3M
Q2 24
$44.1M
$51.0M
Q1 24
$37.2M
$53.3M
Net Profit
ESTA
ESTA
MFIN
MFIN
Q4 25
$12.2M
Q3 25
$-11.1M
$7.8M
Q2 25
$-16.6M
$11.1M
Q1 25
$-20.7M
$12.0M
Q4 24
$10.1M
Q3 24
$-16.7M
$8.6M
Q2 24
$-17.2M
$7.1M
Q1 24
$-16.2M
$10.0M
Gross Margin
ESTA
ESTA
MFIN
MFIN
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
MFIN
MFIN
Q4 25
-6.1%
29.3%
Q3 25
-7.5%
33.2%
Q2 25
-27.5%
31.1%
Q1 25
-41.0%
32.1%
Q4 24
-41.9%
32.8%
Q3 24
-32.7%
26.6%
Q2 24
-21.2%
24.3%
Q1 24
-23.8%
33.6%
Net Margin
ESTA
ESTA
MFIN
MFIN
Q4 25
17.3%
Q3 25
-20.7%
13.2%
Q2 25
-32.3%
17.7%
Q1 25
-50.1%
19.1%
Q4 24
18.0%
Q3 24
-41.5%
16.1%
Q2 24
-38.9%
13.9%
Q1 24
-43.6%
18.8%
EPS (diluted)
ESTA
ESTA
MFIN
MFIN
Q4 25
$-0.07
$0.50
Q3 25
$-0.38
$0.32
Q2 25
$-0.57
$0.46
Q1 25
$-0.70
$0.50
Q4 24
$-1.21
$0.43
Q3 24
$-0.59
$0.37
Q2 24
$-0.62
$0.30
Q1 24
$-0.58
$0.42

Balance Sheet & Financial Strength

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

Metric
ESTA
ESTA
MFIN
MFIN
Cash + ST InvestmentsLiquidity on hand
$75.6M
$136.3M
Total DebtLower is stronger
$216.0M
Stockholders' EquityBook value
$23.5M
$408.6M
Total Assets
$357.2M
$3.0B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
MFIN
MFIN
Q4 25
$75.6M
$136.3M
Q3 25
$70.6M
$72.5M
Q2 25
$54.6M
$110.4M
Q1 25
$69.2M
$131.5M
Q4 24
$90.3M
$98.2M
Q3 24
$120.6M
Q2 24
$87.7M
Q1 24
$54.8M
Total Debt
ESTA
ESTA
MFIN
MFIN
Q4 25
$216.0M
Q3 25
$215.7M
Q2 25
$199.9M
Q1 25
$199.7M
Q4 24
$0
$232.2M
Q3 24
$232.0M
Q2 24
$230.8M
Q1 24
$225.6M
Stockholders' Equity
ESTA
ESTA
MFIN
MFIN
Q4 25
$23.5M
$408.6M
Q3 25
$16.4M
$397.4M
Q2 25
$22.8M
$389.9M
Q1 25
$38.5M
$380.2M
Q4 24
$53.1M
$370.2M
Q3 24
$32.7M
$362.4M
Q2 24
$45.0M
$354.0M
Q1 24
$56.9M
$349.0M
Total Assets
ESTA
ESTA
MFIN
MFIN
Q4 25
$357.2M
$3.0B
Q3 25
$338.9M
$2.9B
Q2 25
$329.7M
$2.9B
Q1 25
$333.4M
$2.8B
Q4 24
$346.8M
$2.9B
Q3 24
$282.7M
$2.9B
Q2 24
$285.1M
$2.8B
Q1 24
$301.8M
$2.6B
Debt / Equity
ESTA
ESTA
MFIN
MFIN
Q4 25
0.53×
Q3 25
0.54×
Q2 25
0.51×
Q1 25
0.53×
Q4 24
0.00×
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.65×

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
MFIN
MFIN
Operating Cash FlowLast quarter
$-162.0K
$126.3M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-3.1%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$-56.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
MFIN
MFIN
Q4 25
$-162.0K
$126.3M
Q3 25
$-11.3M
$67.0M
Q2 25
$-18.8M
$-10.7M
Q1 25
$-20.7M
$36.3M
Q4 24
$-20.7M
$108.7M
Q3 24
$-12.5M
$24.6M
Q2 24
$-14.2M
$27.6M
Q1 24
$-11.2M
$32.3M
Free Cash Flow
ESTA
ESTA
MFIN
MFIN
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
MFIN
MFIN
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
MFIN
MFIN
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%
Cash Conversion
ESTA
ESTA
MFIN
MFIN
Q4 25
10.35×
Q3 25
8.63×
Q2 25
-0.97×
Q1 25
3.02×
Q4 24
10.72×
Q3 24
2.86×
Q2 24
3.89×
Q1 24
3.22×

Financial Flow Comparison

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

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