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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M 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 4.7%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
ESTA vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $124.5M |
| Net Profit | — | $161.6M |
| Gross Margin | 70.5% | 85.3% |
| Operating Margin | -6.1% | 6.5% |
| Net Margin | — | 129.7% |
| Revenue YoY | 45.2% | 4.7% |
| Net Profit YoY | — | 2827.7% |
| EPS (diluted) | $-0.07 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $53.8M | $123.4M | ||
| Q2 25 | $51.3M | $119.8M | ||
| Q1 25 | $41.4M | $121.4M | ||
| Q4 24 | $44.5M | $118.9M | ||
| Q3 24 | $40.2M | $115.9M | ||
| Q2 24 | $44.1M | $111.2M | ||
| Q1 24 | $37.2M | $111.1M |
| Q4 25 | — | $161.6M | ||
| Q3 25 | $-11.1M | $9.6M | ||
| Q2 25 | $-16.6M | $-7.2M | ||
| Q1 25 | $-20.7M | $-8.8M | ||
| Q4 24 | — | $-5.9M | ||
| Q3 24 | $-16.7M | $-10.9M | ||
| Q2 24 | $-17.2M | $-17.1M | ||
| Q1 24 | $-16.2M | $-28.2M |
| Q4 25 | 70.5% | 85.3% | ||
| Q3 25 | 70.1% | 84.6% | ||
| Q2 25 | 68.8% | 84.0% | ||
| Q1 25 | 67.2% | 83.6% | ||
| Q4 24 | 68.5% | 83.0% | ||
| Q3 24 | 63.9% | 82.7% | ||
| Q2 24 | 65.6% | 82.6% | ||
| Q1 24 | 65.6% | 81.7% |
| Q4 25 | -6.1% | 6.5% | ||
| Q3 25 | -7.5% | 2.9% | ||
| Q2 25 | -27.5% | -8.6% | ||
| Q1 25 | -41.0% | -9.6% | ||
| Q4 24 | -41.9% | -8.7% | ||
| Q3 24 | -32.7% | -13.8% | ||
| Q2 24 | -21.2% | -19.5% | ||
| Q1 24 | -23.8% | -30.1% |
| Q4 25 | — | 129.7% | ||
| Q3 25 | -20.7% | 7.8% | ||
| Q2 25 | -32.3% | -6.0% | ||
| Q1 25 | -50.1% | -7.2% | ||
| Q4 24 | — | -5.0% | ||
| Q3 24 | -41.5% | -9.4% | ||
| Q2 24 | -38.9% | -15.4% | ||
| Q1 24 | -43.6% | -25.3% |
| Q4 25 | $-0.07 | $1.69 | ||
| Q3 25 | $-0.38 | $0.10 | ||
| Q2 25 | $-0.57 | $-0.07 | ||
| Q1 25 | $-0.70 | $-0.12 | ||
| Q4 24 | $-1.21 | $-0.07 | ||
| Q3 24 | $-0.59 | $-0.14 | ||
| Q2 24 | $-0.62 | $-0.26 | ||
| Q1 24 | $-0.58 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $320.5M |
| Total Assets | $357.2M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $547.8M | ||
| Q3 25 | $70.6M | $567.9M | ||
| Q2 25 | $54.6M | $597.1M | ||
| Q1 25 | $69.2M | $570.8M | ||
| Q4 24 | $90.3M | $542.2M | ||
| Q3 24 | — | $599.3M | ||
| Q2 24 | — | $592.8M | ||
| Q1 24 | — | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $23.5M | $320.5M | ||
| Q3 25 | $16.4M | $180.7M | ||
| Q2 25 | $22.8M | $145.7M | ||
| Q1 25 | $38.5M | $129.8M | ||
| Q4 24 | $53.1M | $111.6M | ||
| Q3 24 | $32.7M | $164.7M | ||
| Q2 24 | $45.0M | $174.0M | ||
| Q1 24 | $56.9M | $171.6M |
| Q4 25 | $357.2M | $1.0B | ||
| Q3 25 | $338.9M | $891.5M | ||
| Q2 25 | $329.7M | $926.8M | ||
| Q1 25 | $333.4M | $927.3M | ||
| Q4 24 | $346.8M | $866.8M | ||
| Q3 24 | $282.7M | $916.0M | ||
| Q2 24 | $285.1M | $924.0M | ||
| Q1 24 | $301.8M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-2.0M | $24.1M |
| FCF MarginFCF / Revenue | -3.1% | 19.3% |
| Capex IntensityCapex / Revenue | 2.8% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | $24.8M | ||
| Q3 25 | $-11.3M | $34.0M | ||
| Q2 25 | $-18.8M | $30.7M | ||
| Q1 25 | $-20.7M | $31.4M | ||
| Q4 24 | $-20.7M | $22.1M | ||
| Q3 24 | $-12.5M | $35.8M | ||
| Q2 24 | $-14.2M | $28.6M | ||
| Q1 24 | $-11.2M | $22.2M |
| Q4 25 | $-2.0M | $24.1M | ||
| Q3 25 | $-13.1M | $33.1M | ||
| Q2 25 | $-20.4M | $30.2M | ||
| Q1 25 | $-21.5M | $30.3M | ||
| Q4 24 | $-21.3M | $21.5M | ||
| Q3 24 | $-13.9M | $35.1M | ||
| Q2 24 | $-15.0M | $28.2M | ||
| Q1 24 | $-14.5M | $21.2M |
| Q4 25 | -3.1% | 19.3% | ||
| Q3 25 | -24.4% | 26.8% | ||
| Q2 25 | -39.7% | 25.2% | ||
| Q1 25 | -51.9% | 24.9% | ||
| Q4 24 | -47.8% | 18.1% | ||
| Q3 24 | -34.6% | 30.3% | ||
| Q2 24 | -33.9% | 25.4% | ||
| Q1 24 | -38.9% | 19.1% |
| Q4 25 | 2.8% | 0.6% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.2% | 0.4% | ||
| Q1 25 | 1.8% | 0.9% | ||
| Q4 24 | 1.2% | 0.5% | ||
| Q3 24 | 3.7% | 0.5% | ||
| Q2 24 | 1.8% | 0.4% | ||
| Q1 24 | 8.9% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
