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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $64.6M, roughly 1.6× ESTABLISHMENT LABS HOLDINGS INC.). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 12.5%).
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.
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
ESTA vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $104.0M |
| Net Profit | — | $40.3M |
| Gross Margin | 70.5% | — |
| Operating Margin | -6.1% | 48.3% |
| Net Margin | — | 38.8% |
| Revenue YoY | 45.2% | 12.5% |
| Net Profit YoY | — | 16.9% |
| EPS (diluted) | $-0.07 | $2.63 |
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 | $104.0M | ||
| Q3 25 | $53.8M | $102.9M | ||
| Q2 25 | $51.3M | $95.7M | ||
| Q1 25 | $41.4M | $89.4M | ||
| Q4 24 | $44.5M | $92.4M | ||
| Q3 24 | $40.2M | $90.7M | ||
| Q2 24 | $44.1M | $85.0M | ||
| Q1 24 | $37.2M | $82.2M |
| Q4 25 | — | $40.3M | ||
| Q3 25 | $-11.1M | $41.7M | ||
| Q2 25 | $-16.6M | $36.0M | ||
| Q1 25 | $-20.7M | $32.6M | ||
| Q4 24 | — | $34.5M | ||
| Q3 24 | $-16.7M | $32.5M | ||
| Q2 24 | $-17.2M | $29.3M | ||
| Q1 24 | $-16.2M | $27.8M |
| 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% | — |
| Q4 25 | -6.1% | 48.3% | ||
| Q3 25 | -7.5% | 50.4% | ||
| Q2 25 | -27.5% | 46.8% | ||
| Q1 25 | -41.0% | 44.9% | ||
| Q4 24 | -41.9% | 46.8% | ||
| Q3 24 | -32.7% | 45.0% | ||
| Q2 24 | -21.2% | 43.3% | ||
| Q1 24 | -23.8% | 41.8% |
| Q4 25 | — | 38.8% | ||
| Q3 25 | -20.7% | 40.6% | ||
| Q2 25 | -32.3% | 37.6% | ||
| Q1 25 | -50.1% | 36.4% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | -41.5% | 35.8% | ||
| Q2 24 | -38.9% | 34.5% | ||
| Q1 24 | -43.6% | 33.8% |
| Q4 25 | $-0.07 | $2.63 | ||
| Q3 25 | $-0.38 | $2.73 | ||
| Q2 25 | $-0.57 | $2.34 | ||
| Q1 25 | $-0.70 | $2.08 | ||
| Q4 24 | $-1.21 | $2.21 | ||
| Q3 24 | $-0.59 | $2.10 | ||
| Q2 24 | $-0.62 | $1.92 | ||
| Q1 24 | $-0.58 | $1.82 |
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 | — |
| Total DebtLower is stronger | — | $134.9M |
| Stockholders' EquityBook value | $23.5M | $1.3B |
| Total Assets | $357.2M | $9.2B |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | — | ||
| Q2 25 | $54.6M | — | ||
| Q1 25 | $69.2M | — | ||
| Q4 24 | $90.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | — | $156.6M | ||
| Q4 24 | $0 | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $23.5M | $1.3B | ||
| Q3 25 | $16.4M | $1.2B | ||
| Q2 25 | $22.8M | $1.2B | ||
| Q1 25 | $38.5M | $1.2B | ||
| Q4 24 | $53.1M | $1.2B | ||
| Q3 24 | $32.7M | $1.1B | ||
| Q2 24 | $45.0M | $1.1B | ||
| Q1 24 | $56.9M | $1.1B |
| Q4 25 | $357.2M | $9.2B | ||
| Q3 25 | $338.9M | $9.0B | ||
| Q2 25 | $329.7M | $8.9B | ||
| Q1 25 | $333.4M | $9.0B | ||
| Q4 24 | $346.8M | $8.8B | ||
| Q3 24 | $282.7M | $8.6B | ||
| Q2 24 | $285.1M | $8.6B | ||
| Q1 24 | $301.8M | $8.4B |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | 0.00× | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.15× |
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 | $153.5M |
| Free Cash FlowOCF − Capex | $-2.0M | $149.4M |
| FCF MarginFCF / Revenue | -3.1% | 143.7% |
| Capex IntensityCapex / Revenue | 2.8% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $153.5M | ||
| Q3 25 | $-11.3M | $45.9M | ||
| Q2 25 | $-18.8M | $38.9M | ||
| Q1 25 | $-20.7M | $41.8M | ||
| Q4 24 | $-20.7M | $133.7M | ||
| Q3 24 | $-12.5M | $39.6M | ||
| Q2 24 | $-14.2M | $37.3M | ||
| Q1 24 | $-11.2M | $23.4M |
| Q4 25 | $-2.0M | $149.4M | ||
| Q3 25 | $-13.1M | $45.9M | ||
| Q2 25 | $-20.4M | $38.4M | ||
| Q1 25 | $-21.5M | $41.3M | ||
| Q4 24 | $-21.3M | $116.8M | ||
| Q3 24 | $-13.9M | $34.7M | ||
| Q2 24 | $-15.0M | $34.4M | ||
| Q1 24 | $-14.5M | $20.1M |
| Q4 25 | -3.1% | 143.7% | ||
| Q3 25 | -24.4% | 44.6% | ||
| Q2 25 | -39.7% | 40.1% | ||
| Q1 25 | -51.9% | 46.2% | ||
| Q4 24 | -47.8% | 126.4% | ||
| Q3 24 | -34.6% | 38.3% | ||
| Q2 24 | -33.9% | 40.5% | ||
| Q1 24 | -38.9% | 24.4% |
| Q4 25 | 2.8% | 3.9% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 3.2% | 0.6% | ||
| Q1 25 | 1.8% | 0.5% | ||
| Q4 24 | 1.2% | 18.3% | ||
| Q3 24 | 3.7% | 5.4% | ||
| Q2 24 | 1.8% | 3.5% | ||
| Q1 24 | 8.9% | 4.0% |
| Q4 25 | — | 3.81× | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
