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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Mastech Digital, Inc. (MHH). 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 $45.5M, roughly 1.4× Mastech Digital, Inc.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -10.4%). Mastech Digital, Inc. produced more free cash flow last quarter ($4.3M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -1.5%).
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.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ESTA vs MHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $45.5M |
| Net Profit | — | $972.0K |
| Gross Margin | 70.5% | 28.3% |
| Operating Margin | -6.1% | 2.2% |
| Net Margin | — | 2.1% |
| Revenue YoY | 45.2% | -10.4% |
| Net Profit YoY | — | 227.3% |
| EPS (diluted) | $-0.07 | $0.08 |
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 | $45.5M | ||
| Q3 25 | $53.8M | $48.5M | ||
| Q2 25 | $51.3M | $49.1M | ||
| Q1 25 | $41.4M | $48.3M | ||
| Q4 24 | $44.5M | $50.7M | ||
| Q3 24 | $40.2M | $51.8M | ||
| Q2 24 | $44.1M | $49.5M | ||
| Q1 24 | $37.2M | $46.8M |
| Q4 25 | — | $972.0K | ||
| Q3 25 | $-11.1M | $941.0K | ||
| Q2 25 | $-16.6M | $135.0K | ||
| Q1 25 | $-20.7M | $-1.4M | ||
| Q4 24 | — | $297.0K | ||
| Q3 24 | $-16.7M | $1.9M | ||
| Q2 24 | $-17.2M | $1.4M | ||
| Q1 24 | $-16.2M | $-161.0K |
| Q4 25 | 70.5% | 28.3% | ||
| Q3 25 | 70.1% | 27.8% | ||
| Q2 25 | 68.8% | 28.1% | ||
| Q1 25 | 67.2% | 26.7% | ||
| Q4 24 | 68.5% | 29.0% | ||
| Q3 24 | 63.9% | 28.5% | ||
| Q2 24 | 65.6% | 28.2% | ||
| Q1 24 | 65.6% | 25.9% |
| Q4 25 | -6.1% | 2.2% | ||
| Q3 25 | -7.5% | 1.7% | ||
| Q2 25 | -27.5% | 0.1% | ||
| Q1 25 | -41.0% | -3.8% | ||
| Q4 24 | -41.9% | 0.1% | ||
| Q3 24 | -32.7% | 4.7% | ||
| Q2 24 | -21.2% | 3.4% | ||
| Q1 24 | -23.8% | -0.9% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | -20.7% | 1.9% | ||
| Q2 25 | -32.3% | 0.3% | ||
| Q1 25 | -50.1% | -3.0% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | -41.5% | 3.6% | ||
| Q2 24 | -38.9% | 2.8% | ||
| Q1 24 | -43.6% | -0.3% |
| Q4 25 | $-0.07 | $0.08 | ||
| Q3 25 | $-0.38 | $0.08 | ||
| Q2 25 | $-0.57 | $0.01 | ||
| Q1 25 | $-0.70 | $-0.12 | ||
| Q4 24 | $-1.21 | $0.01 | ||
| Q3 24 | $-0.59 | $0.16 | ||
| Q2 24 | $-0.62 | $0.12 | ||
| Q1 24 | $-0.58 | $-0.01 |
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 | $36.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $89.3M |
| Total Assets | $357.2M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $36.5M | ||
| Q3 25 | $70.6M | $32.7M | ||
| Q2 25 | $54.6M | $27.9M | ||
| Q1 25 | $69.2M | $24.7M | ||
| Q4 24 | $90.3M | $27.7M | ||
| Q3 24 | — | $23.9M | ||
| Q2 24 | — | $20.6M | ||
| Q1 24 | — | $19.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | $89.3M | ||
| Q3 25 | $16.4M | $88.0M | ||
| Q2 25 | $22.8M | $87.8M | ||
| Q1 25 | $38.5M | $86.9M | ||
| Q4 24 | $53.1M | $87.4M | ||
| Q3 24 | $32.7M | $86.5M | ||
| Q2 24 | $45.0M | $84.0M | ||
| Q1 24 | $56.9M | $81.7M |
| Q4 25 | $357.2M | $111.8M | ||
| Q3 25 | $338.9M | $112.6M | ||
| Q2 25 | $329.7M | $110.4M | ||
| Q1 25 | $333.4M | $110.1M | ||
| Q4 24 | $346.8M | $111.5M | ||
| Q3 24 | $282.7M | $111.5M | ||
| Q2 24 | $285.1M | $107.5M | ||
| Q1 24 | $301.8M | $106.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $4.4M |
| Free Cash FlowOCF − Capex | $-2.0M | $4.3M |
| FCF MarginFCF / Revenue | -3.1% | 9.5% |
| Capex IntensityCapex / Revenue | 2.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $4.4M | ||
| Q3 25 | $-11.3M | $6.5M | ||
| Q2 25 | $-18.8M | $3.3M | ||
| Q1 25 | $-20.7M | $-3.0M | ||
| Q4 24 | $-20.7M | $4.0M | ||
| Q3 24 | $-12.5M | $3.3M | ||
| Q2 24 | $-14.2M | $1.2M | ||
| Q1 24 | $-11.2M | $-1.3M |
| Q4 25 | $-2.0M | $4.3M | ||
| Q3 25 | $-13.1M | $6.3M | ||
| Q2 25 | $-20.4M | $3.2M | ||
| Q1 25 | $-21.5M | $-3.1M | ||
| Q4 24 | $-21.3M | $3.9M | ||
| Q3 24 | $-13.9M | $3.2M | ||
| Q2 24 | $-15.0M | $707.0K | ||
| Q1 24 | $-14.5M | $-1.6M |
| Q4 25 | -3.1% | 9.5% | ||
| Q3 25 | -24.4% | 13.0% | ||
| Q2 25 | -39.7% | 6.6% | ||
| Q1 25 | -51.9% | -6.4% | ||
| Q4 24 | -47.8% | 7.7% | ||
| Q3 24 | -34.6% | 6.2% | ||
| Q2 24 | -33.9% | 1.4% | ||
| Q1 24 | -38.9% | -3.4% |
| Q4 25 | 2.8% | 0.1% | ||
| Q3 25 | 3.4% | 0.4% | ||
| Q2 25 | 3.2% | 0.1% | ||
| Q1 25 | 1.8% | 0.2% | ||
| Q4 24 | 1.2% | 0.2% | ||
| Q3 24 | 3.7% | 0.1% | ||
| Q2 24 | 1.8% | 1.0% | ||
| Q1 24 | 8.9% | 0.6% |
| Q4 25 | — | 4.48× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 24.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.60× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
