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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.

OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M 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 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 3.1%).

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.

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

ESTA vs OLPX — Head-to-Head

Bigger by revenue
OLPX
OLPX
1.6× larger
OLPX
$105.1M
$64.6M
ESTA
Growing faster (revenue YoY)
ESTA
ESTA
+40.8% gap
ESTA
45.2%
4.3%
OLPX
More free cash flow
OLPX
OLPX
$34.5M more FCF
OLPX
$32.6M
$-2.0M
ESTA
Faster 2-yr revenue CAGR
ESTA
ESTA
Annualised
ESTA
31.9%
3.1%
OLPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESTA
ESTA
OLPX
OLPX
Revenue
$64.6M
$105.1M
Net Profit
$-13.1M
Gross Margin
70.5%
68.0%
Operating Margin
-6.1%
-4.3%
Net Margin
-12.5%
Revenue YoY
45.2%
4.3%
Net Profit YoY
-48.9%
EPS (diluted)
$-0.07
$-0.02

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
OLPX
OLPX
Q4 25
$64.6M
$105.1M
Q3 25
$53.8M
$114.6M
Q2 25
$51.3M
$106.3M
Q1 25
$41.4M
$97.0M
Q4 24
$44.5M
$100.7M
Q3 24
$40.2M
$119.1M
Q2 24
$44.1M
$103.9M
Q1 24
$37.2M
$98.9M
Net Profit
ESTA
ESTA
OLPX
OLPX
Q4 25
$-13.1M
Q3 25
$-11.1M
$11.1M
Q2 25
$-16.6M
$-7.7M
Q1 25
$-20.7M
$465.0K
Q4 24
$-8.8M
Q3 24
$-16.7M
$14.8M
Q2 24
$-17.2M
$5.8M
Q1 24
$-16.2M
$7.7M
Gross Margin
ESTA
ESTA
OLPX
OLPX
Q4 25
70.5%
68.0%
Q3 25
70.1%
69.1%
Q2 25
68.8%
71.2%
Q1 25
67.2%
69.5%
Q4 24
68.5%
66.3%
Q3 24
63.9%
68.6%
Q2 24
65.6%
69.7%
Q1 24
65.6%
72.1%
Operating Margin
ESTA
ESTA
OLPX
OLPX
Q4 25
-6.1%
-4.3%
Q3 25
-7.5%
3.7%
Q2 25
-27.5%
-1.1%
Q1 25
-41.0%
8.7%
Q4 24
-41.9%
3.0%
Q3 24
-32.7%
23.5%
Q2 24
-21.2%
15.7%
Q1 24
-23.8%
19.8%
Net Margin
ESTA
ESTA
OLPX
OLPX
Q4 25
-12.5%
Q3 25
-20.7%
9.7%
Q2 25
-32.3%
-7.3%
Q1 25
-50.1%
0.5%
Q4 24
-8.7%
Q3 24
-41.5%
12.4%
Q2 24
-38.9%
5.6%
Q1 24
-43.6%
7.8%
EPS (diluted)
ESTA
ESTA
OLPX
OLPX
Q4 25
$-0.07
$-0.02
Q3 25
$-0.38
$0.02
Q2 25
$-0.57
$-0.01
Q1 25
$-0.70
$0.00
Q4 24
$-1.21
$-0.01
Q3 24
$-0.59
$0.02
Q2 24
$-0.62
$0.01
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
ESTA
ESTA
OLPX
OLPX
Cash + ST InvestmentsLiquidity on hand
$75.6M
$318.7M
Total DebtLower is stronger
$352.3M
Stockholders' EquityBook value
$23.5M
$879.4M
Total Assets
$357.2M
$1.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESTA
ESTA
OLPX
OLPX
Q4 25
$75.6M
$318.7M
Q3 25
$70.6M
$286.4M
Q2 25
$54.6M
$289.3M
Q1 25
$69.2M
$580.9M
Q4 24
$90.3M
$586.0M
Q3 24
$538.8M
Q2 24
$507.9M
Q1 24
$507.5M
Total Debt
ESTA
ESTA
OLPX
OLPX
Q4 25
$352.3M
Q3 25
$352.1M
Q2 25
$351.9M
Q1 25
$649.1M
Q4 24
$0
$650.5M
Q3 24
$651.8M
Q2 24
$653.1M
Q1 24
$654.4M
Stockholders' Equity
ESTA
ESTA
OLPX
OLPX
Q4 25
$23.5M
$879.4M
Q3 25
$16.4M
$888.7M
Q2 25
$22.8M
$874.2M
Q1 25
$38.5M
$878.3M
Q4 24
$53.1M
$874.4M
Q3 24
$32.7M
$879.7M
Q2 24
$45.0M
$863.3M
Q1 24
$56.9M
$855.7M
Total Assets
ESTA
ESTA
OLPX
OLPX
Q4 25
$357.2M
$1.5B
Q3 25
$338.9M
$1.5B
Q2 25
$329.7M
$1.5B
Q1 25
$333.4M
$1.8B
Q4 24
$346.8M
$1.8B
Q3 24
$282.7M
$1.8B
Q2 24
$285.1M
$1.8B
Q1 24
$301.8M
$1.8B
Debt / Equity
ESTA
ESTA
OLPX
OLPX
Q4 25
0.40×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.74×
Q4 24
0.00×
0.74×
Q3 24
0.74×
Q2 24
0.76×
Q1 24
0.76×

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
OLPX
OLPX
Operating Cash FlowLast quarter
$-162.0K
$32.7M
Free Cash FlowOCF − Capex
$-2.0M
$32.6M
FCF MarginFCF / Revenue
-3.1%
31.0%
Capex IntensityCapex / Revenue
2.8%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-56.9M
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESTA
ESTA
OLPX
OLPX
Q4 25
$-162.0K
$32.7M
Q3 25
$-11.3M
$8.0M
Q2 25
$-18.8M
$20.9M
Q1 25
$-20.7M
$-2.9M
Q4 24
$-20.7M
$49.7M
Q3 24
$-12.5M
$33.5M
Q2 24
$-14.2M
$16.2M
Q1 24
$-11.2M
$43.7M
Free Cash Flow
ESTA
ESTA
OLPX
OLPX
Q4 25
$-2.0M
$32.6M
Q3 25
$-13.1M
$7.9M
Q2 25
$-20.4M
$20.8M
Q1 25
$-21.5M
$-3.0M
Q4 24
$-21.3M
$49.2M
Q3 24
$-13.9M
$33.3M
Q2 24
$-15.0M
$16.1M
Q1 24
$-14.5M
$43.3M
FCF Margin
ESTA
ESTA
OLPX
OLPX
Q4 25
-3.1%
31.0%
Q3 25
-24.4%
6.9%
Q2 25
-39.7%
19.6%
Q1 25
-51.9%
-3.1%
Q4 24
-47.8%
48.9%
Q3 24
-34.6%
28.0%
Q2 24
-33.9%
15.5%
Q1 24
-38.9%
43.7%
Capex Intensity
ESTA
ESTA
OLPX
OLPX
Q4 25
2.8%
0.1%
Q3 25
3.4%
0.1%
Q2 25
3.2%
0.1%
Q1 25
1.8%
0.0%
Q4 24
1.2%
0.4%
Q3 24
3.7%
0.1%
Q2 24
1.8%
0.1%
Q1 24
8.9%
0.5%
Cash Conversion
ESTA
ESTA
OLPX
OLPX
Q4 25
Q3 25
0.72×
Q2 25
Q1 25
-6.27×
Q4 24
Q3 24
2.26×
Q2 24
2.81×
Q1 24
5.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESTA
ESTA

Segment breakdown not available.

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

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